Mercantile Bank will contribute most industrialization, develop the SME sector and encourage the unemployed youth and women in entrepreneurship from the remote areas of the country, said the Chairman of the Mercantile Bank, Morshed Alam M P on Wednesday.
He claimed that Mercantile Bank have strengthened its pioneering position by the concerted effort from the Board of Directors, Management and the employees having faced the post Covid-19 pandemic impacts.
The Chairman was addressing a press conference organized by the bank at its head office, Dilkusha in the capital, on the occasion of its 23rd anniversary.
Bank’s Chairman Morshed Alam also formally launched 7 new card services for the customers.
MBL Chairman highlighted the Bank’s significant achievements over the last few years and underscored the future action plans.
Md. Quamrul Islam Chowdhury, Managing Director & CEO of the bank delivered address of welcome.
He summarized the success and limitations of the previous year. He told the journalists that, recovering classified loans will be the priority of the bank at this fiscal year.
Agriculture and SME sector will be given preference regarding new loans whereas new Agent Banking outlets and Sub-branches will be opened across the country to ensure the access of the banking services to the unbanked people. Moreover, Digital Banking services will be more easier and smart with the innovative products in the coming days, MBL CEO added.
ASM Feroz Alam, Vice Chairman ; Al-Haj Akram Hossain (Humayun), MA Khan Belal and Mohammad Abdul Awal Directors, were present on the occasion.
Among the newly launched card services there are 3 Taqwa Islamic credit cards. They are, Taqwa Debit Card, Taqwa Gold Credit, Taqwa Platinum Credit. On the other hand, there are 4 cards for conventional banking services. They are MBL Gold credit card, MBL Platinum credit card, MBL signature credit card, MBL Prepaid card.
All the cards contain contactless technology and having EMV security features. Cardholders will not need any issuance fee or annual fee for the first year. Taqwa Islami credit cards are designed to meet the customers transactional needs strictly adhering to the shahriah principles. Besides this, Taqwa cardholders will enjoy lowest maintenance fee, Global usage-Dual currency, Free access to Balaka Executive Lounge etc.
Deputy Managing Directors Shamim Ahmed, Hasne Alam and Md. Mahmood Alam Chowdhury, CFO Tapash Chandra Paul, PhD along with other senior officials of the Bank and invited journalists from print, electronic and online media were present in the press conference.
