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CSE news on MERCANBANK
2024-11-10: Sale Confirmation
MERCANBANK: Dr. A.K.M. Shaheed Reza, a Sponsor of the company, has further informed that he has completed his sale of 58,00,000 shares of the company at prevailing market price through Dhaka Stock Exchange PLC., as per declaration disseminated on 29.09.2024.
2024-11-03: Sale Confirmation
MERCANBANK: Mr. Md. Mizanur Rahman Chowdhury, a Sponsor of the company, has informed that he has completed his sale of 400,000 shares of the company at prevailing market price through Dhaka Stock Exchange PLC., as per declaration disseminated on 17.10.2024.
2024-10-23: Un-audited Financial Statements
MERCANBANK: (Quarter 3) As per the un-audited financial statements of the Company, Consolidated EPS was Tk. 1.06 for July-September, 2024 as against Tk. 0.78 for July-September, 2023; Consolidated EPS was Tk. 3.04 for January-September, 2024 as against Tk. 2.11 for January-September, 2023. Consolidated NOCFPS was Tk. 7.21 for January-September, 2024 as against Tk. 1.22 for January-September, 2023. Consolidated NAV per share was Tk. 26.12 as on September 30, 2024 and Tk. 23.91 as on December 31, 2023. Reasons for deviation in EPS and NOCFPS: EPS increased compared to previous period due to the increase of profit before provision. NOCFPS has increased due to increase in cash flows from net operating activities.
2024-10-17: Sale Intention
MERCANBANK: Mr. Md. Mizanur Rahman Chowdhury, a Sponsor of the company, has reported his intention to sell 4,00,000 shares out of his total holding of 6,589,999 shares of the Company at prevailing market price (In the Public Market) through Dhaka Stock Exchange PLC. within October 31, 2024.
2024-10-17: Board Meeting
MERCANBANK: The Company has informed that a meeting of the Board of Directors will be held on October 22, 2024 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2024.
2024-09-29: Sale Intention
MERCANBANK: Dr. A.K.M. Shaheed Reza, a Sponsor of the company, has expressed his intention to sell 58,00,000 shares out of his total holding of 4,72,75,087 shares of the Company at prevailing market price (In the Public and/or Block Market) through Dhaka Stock Exchange PLC. within October 31, 2024.
2024-09-08: Election of Chairman
MERCANBANK: The company has informed that the Board of Directors has elected Mr. Md. Anwarul Haque as the Chairman of the Board of Directors of the company with effect from September 01, 2024.
2024-08-01: Un-audited HY A/Cs
MERCANBANK: (Quarter 2) As per un-audited half yearly accounts of the Company, Consolidated EPS was Tk. 1.25 for April-June 2024 as against Tk. 0.72 for April-June 2023; Consolidated EPS was Tk. 1.98 for January-June 2024 as against Tk. 1.33 for January-June 2023. Consolidated NOCFPS was Tk. 7.93 for January-June 2024 as against Tk. 3.23 for January-June 2023. Consolidated NAV per share was Tk. 24.94 as on June 30, 2024 and Tk. 23.91 as on December 31, 2023. Reasons for deviation in EPS and NOCFPS: EPS has increased compared to previous period due to the increase of Profit before provision. NOCFPS has increased compared to previous period due to increase in Cash flows from Net Operating activities.
2024-07-29: Board Meeting
MERCANBANK: The Company has informed that a Board Meeting will be held on July 31, 2024 at 03:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2024.
2024-07-09: Buy Confirmation
MERCANBANK: Ms. Nargis Anwar, a sponsor of the Company, has further informed that she has completed her buying of 10,00,000 shares of the company at prevailing market price through Dhaka Stock Exchange PLC. as per declaration disseminated on 10.06.2024.
2024-07-09: Cash Dividend Disbursement
MERCANBANK: The Company has informed that it has disbursed the Cash Dividend for the year ended December 31, 2023 to the respective shareholders.
2024-06-11: Credit Rating
MERCANBANK: Credit Rating Information and Services Limited (CRISL) has rated the company as ''AA+'' in the long term and ''ST-2'' in the short term along with a stable outlook in consideration of its audited financials up to December 31, 2023, also unaudited financials up to March 31, 2024 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2024-06-10: Buy Intention
MERCANBANK: Ms. Nargis Anwar, a Sponsor of the Company, has reported her intention to buy 10,00,000 shares of the company at prevailing market price (in the Public Market) through Dhaka Stock Exchange PLC. within next 30 working days.
2024-06-05: Transfer Confirmation
MERCANBANK: Mr. M. Amanullah, a Sponsor Director of the company, has further informed that he has completed his transfer of 2,260,399 shares of the company to his son Mr. Tahsin Aman (a General Shareholder of the company), by way of gift outside the trading system of the Exchange as per declaration disseminated on 02.06.2024.
2024-06-02: Transfer Intention
MERCANBANK: Mr. M. Amanullah, a Sponsor Director of the company, has reported his intention to transfer 2,260,399 shares of the company to his son Mr. Tahsin Aman (a General Shareholder of the company), by way of gift outside the trading system of the Exchange within next 30 working days with effect from May 27, 2024
2024-05-07: Record Date tomorrow (08.05.2024)
MERCANBANK: Trading of the shares of the company will remain suspended on its record date i.e., 08.05.2024. Trading of the shares of the Company will resume on 09.05.2024.
2024-05-05: Spot trade from tomorrow (06.05.2024)
MERCANBANK: Trading of the shares of the company will be allowed only in the Spot Market from 06.05.2024 to 07.05.2024 as the record date of the Company is on 08.05.2024.
2024-05-02: Un-audited Financial Statement
MERCANBANK: (Quarter 1) As per un-audited financial statements of the Company, Consolidated EPS was Tk. 0.73 for January-March 2024 as against Tk. 0.61 for January-March 2023. Consolidated NOCFPS was Tk. 2.05 for January-March 2024 as against Tk. 1.86 for January-March 2023. Consolidated NAV per share was Tk. 24.63 as on March 31, 2024 and Tk. 23.91 as on December 31, 2023.
2024-04-24: Board Meeting
MERCANBANK: The Company has informed that the Board Meeting of the Company will be held on April 30, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2024.
2024-04-17: CB Free
MERCANBANK: Please note that there will be no price limit today 17.04.2024 on the trading of the shares of the Company following its corporate declaration.
2024-04-17: Recommendation of Dividend
MERCANBANK: The Board of Directors has recommended 10% Cash Dividend for the year ended December 31, 2023. Date of AGM: 30.05.2024, Time: 11:00 AM, Venue: Virtual meeting by using digital platform (Web-link for joining AGM by using digital platform will be communicated in due course through AGM notice). Record Date: 08.05.2024. The Company has also reported Consolidated EPS of Tk. 1.86, Consolidated NAV per share of Tk. 23.91 and Consolidated NOCFPS of Tk. 4.80 for the year ended December 31, 2023 as against Tk. 2.12, Tk. 23.71 and Tk. 4.73 respectively for the year ended December 31, 2022.
2024-04-15: Consent from Bangladesh Bank for declaring dividend
MERCANBANK: The company has informed that Bangladesh Bank has given consent to the company for declaring dividend for the year ended December 31, 2023.
2024-04-08: Board Meeting
MERCANBANK: The Company has informed that the Board Meeting of the Company will be held on April 16, 2024 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2023.
2024-02-28: Cont-Regarding increase of Authorized Capital
MERCANBANK(cont): divided into 2,00,00,00,000 (Two hundred crore) ordinary shares of BDT 10.00 (Taka ten) each and amendment of relevant clauses of Memorandum and Articles of Association of the Bank. In this connection, the above decision will be considered as 'Special Resolution' of the upcoming Annual General Meeting (AGM). Record date and date of AGM will duly be circulated later on.(end)
2024-02-28: Regarding increase of Authorized Capital
MERCANBANK: The Board of Directors of Mercantile Bank PLC., in its 435th meeting held on Tuesday, 27 February 2024 has approved the following price sensitive decision subject to approval of the Regulatory Authorities and General Meeting of the Company: Increase of Authorized Capital of the Bank from Tk. 12,00,00,00,000.00 (Taka one thousand two hundred crore) only divided into 1,20,00,00,000 (One hundred twenty crore) ordinary shares of BDT 10.00 (Taka ten) each to Tk. 20,00,00,00,000.00 (Taka two thousand crore) only (cont)
2023-12-24: Sale Confirmation
MERCANBANK: Mr. S. M. Shafiqul Islam Mamun, one of the Sponsors of the company, has further informed that he has completed his sale of 2,19,546 shares of the Company at prevailing market price through Dhaka Stock Exchange Limited as per declaration disseminated on 22.10.2023.
2023-10-25: Un-audited Financial Statements
MERCANBANK: (Quarter 3) As per the un-audited financial statements of the Company, Consolidated EPS was Tk. 0.78 for July-September, 2023 as against Tk. 1.01 for July-September, 2022; Consolidated EPS was Tk. 2.11 for January-September, 2023 as against Tk. 3.19 for January-September, 2022. Consolidated NOCFPS was Tk. 1.22 for January-September, 2023 as against Tk. 5.51 for January-September, 2022. Consolidated NAV per share was Tk. 24.22 as on September 30, 2023 and Tk. 24.88 as on September 30, 2022. Reasons for deviation in EPS and NOCFPS: EPS has been decreased due to profit before provision has decreased. NOCFPS has been decreased due to increase in investment in government securities.
2023-10-23: Buy Confirmation
MERCANBANK: Mr. A.S.M. Feroz Alam, one of the Sponsor Directors of Mercantile Bank PLC., has further informed that HE has completed its buying of 2,10,000 shares of the Company through Dhaka Stock Exchange Limited as per declaration disseminated on 22.10.2023.
2023-10-22: Buy Intention
MERCANBANK: Mr. A.S.M. Feroz Alam, one of the Sponsor Directors of Mercantile Bank PLC., has reported his intention to buy 2,10,000 shares of the company at prevailing market price (in the Block Market) through Dhaka Stock Exchange Limited within October 31, 2023.
2023-10-22: Time extension for selling declared shares of a sponsor
MERCANBANK: Refer to earlier news of the company disseminated by CSE on 05.07.2023 regarding sale declaration of Mr. S. M. Shafiqul Islam Mamun, one of the Sponsors of the company, who expressed his intention to sell 2,19,546 shares of the Company. In this respect BSEC has allowed time extension including restricted period for selling the declared 2,19,546 shares of the above sponsor of the company till January 31, 2024. As such, time has been extended up to January 31, 2024 for selling the mentioned shares.
2023-10-17: Board Meeting
MERCANBANK: Mercantile Bank PLC. has informed that the Board Meeting of the Company will be held on October 23, 2023 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.
2023-09-20: Transfer Confirmation
MERCANBANK: Engr. Md. Monsuruzzaman, one of the Sponsors of Mercantile Bank PLC., has further informed that he has completed his transfer of 5,30,000 shares of the company to his wife Sultana Ferdausi Begum (General Shareholder of the company), by way of gift outside the trading system of the Exchange as per declaration disseminated on 12.09.2023.
2023-09-12: Transfer Intention
MERCANBANK: Engr. Md. Monsuruzzaman, one of the Sponsors of Mercantile Bank PLC., has reported his intention to transfer 5,30,000 shares out of his holding of 15,30,000 shares of the company to his wife Sultana Ferdausi Begum (General Shareholder of the company), by way of gift outside the trading system of the Exchange (DSE) within 30 working days with effect from September 07, 2023.
2023-09-10: Name Change of the Company
MERCANBANK: Chittagong Stock Exchange PLC (CSE) has approved the proposed name change of the Company. Accordingly, the name of the Company will be ''Mercantile Bank PLC.'' instead of ''Mercantile Bank Limited'' with effect from September 11, 2023. Other things (except name) will remain unchanged.
2023-08-10: Board decision regarding investment in proposed Digital Bank
MERCANBANK: Mercantile Bank Limited has informed that the Board of Directors of the Bank has approved the proposal for joining a "Consortium" of 10 commercial banks who together will apply for a Digital Bank with the proposed name of "Digi10 Bank Plc.", and also to become a sponsor by way of investing BDT 12.50 crore out of the total initial paid-up capital of Tk. 125.00 crore (i.e. to hold 10% shares of the proposed Digital Bank) subject to receiving all regulatory approvals.
2023-07-31: Un-audited HY A/Cs
MERCANBANK: (Quarter 2) As per un-audited half yearly accounts of Mercantile Bank Limited, Consolidated EPS was Tk. 0.72 for April-June 2023 as against Tk. 1.38 for April-June 2022; Consolidated EPS was Tk. 1.33 for January-June 2023 as against Tk. 2.18 for January-June 2022. Consolidated NOCFPS was Tk. 3.23 for January-June 2023 as against Tk. 8.18 for January-June 2022. Consolidated NAV per share was Tk. 23.43 as on June 30, 2023 and Tk. 23.81 as on June 30, 2022. Reasons for deviation in EPS and NOCFPS: EPS has been decreased due to decrease in profit before provision. NOCFPS has been decreased due to increase in investment in government securities and increase in money at call on short notice.
2023-07-25: Board Meeting
MERCANBANK: Mercantile Bank Limited has informed that the Board Meeting of the Company will be held on July 30, 2023 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2023.
2023-07-20: Dividend Disbursement
MERCANBANK: Mercantile Bank Limited has informed that the Bonus Shares of the Company for the year ended on 31 December 2022 have already been credited through CDBL to the respective shareholders' BO A/Cs and it has also disbursed the cash dividend to the respective shareholders.
2023-07-05: Sale Intention
MERCANBANK: Mr. S. M. Shafiqul Islam Mamun, one of the Sponsors Mercantile Bank Limited, has reported his intention to sell 2,19,546 shares out of his holding of 32,56,217 shares of the Company at prevailing market price (In the Public Market) through Dhaka Stock Exchange Limited within next 30 working days.
2023-06-06: Sale Confirmation
MERCANBANK: Md. Mizanur Rahman Chowdhury, one of the Sponsors Mercantile Bank Limited, has further reported that he has completed his sale of 40,000 shares of the Company at prevailing market price through Stock Exchange as per declaration disseminated on 29.05.2023.
2023-05-29: Credit Rating
MERCANBANK: Credit Rating Information and Services Ltd. (CRISL) has informed that the Rating Committee of CRISL has assigned Rating of Mercantile Bank Limited as ''AA'' in the long term and ''ST-2'' in the short term along with a stable outlook in consideration of its audited financials up to December 31, 2022, also unaudited financials up to March 31, 2023 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2023-05-29: Sale Intention
MERCANBANK: Md. Mizanur Rahman Chowdhury, one of the Sponsors Mercantile Bank Limited, has expressed his intention to sell 40,000 shares out of his holdings 65,00,000 shares of the Company at prevailing market price (In the Public Market) through Dhaka Stock Exchange Ltd. within next 30 working days.
2023-05-22: Record Date tomorrow (23.05.2023)
MERCANBANK: Trading of the shares of Mercantile Bank Ltd. will remain suspended on its record date i.e., 23.05.2023. Trading of the shares of the Company will resume on 24.05.2023.
2023-05-18: Spot trade from 21.05.2023
MERCANBANK: Trading of the shares of Mercantile Bank Ltd. will be allowed only in the Spot Market from 21.05.2023 to 22.05.2023 as the record date of the Company is on 23.05.2023.
2023-05-11: Un-audited Financial Statements
MERCANBANK: (Quarter 1) As per the un-audited financial statements of Mercantile Bank Limited, Consolidated EPS was Tk. 0.63 for January-March 2023 as against Tk. 0.82 for January-March 2022. Consolidated NOCFPS was Tk. 1.86 for January-March 2023 as against Tk. 1.21 for January-March 2022. Consolidated NAV per share was Tk. 24.24 as on March 31, 2023 and Tk. 24.86 as on March 31, 2022.
2023-05-07: Board Meeting
MERCANBANK: Mercantile Bank Limited has informed that the Board Meeting of the Company will now be held on May 10, 2023 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.
2023-05-02: CB Free
MERCANBANK: Please note that there will be no price limit today 02.05.2023 on the trading of the shares of the Company following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/39 dated July 28, 2022, the floor price shall be applicable accordingly.
2023-05-02: Cont-Recommendation of Dividend
MERCANBANK: (cont) Reasons for declaration of stock dividend: i) Stock dividend has been declared to strengthen the capital base of the company to support business growth. ii) The Bonus Shares have been declared out of accumulated profit. iii) The Bonus Shares have not been declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company or through reducing paid up capital or through doing anything so that the post-dividend retained earnings become negative or a debit balance.(end)
2023-05-02: Recommendation of Dividend
MERCANBANK: The Board of Directors has recommended 10% Cash and 2% Stock Dividend for the year ended December 31, 2022. Date of AGM: 14.06.2023, Time: 11:00 AM, Venue: Digital Platform. Record Date: 23.05.2023. The Company has also reported Consolidated EPS of Tk. 2.17, Consolidated NAV per share of Tk. 23.71 and Consolidated NOCFPS of Tk. 4.73 for the year ended December 31, 2022 as against Tk. 3.29, Tk. 23.91 and Tk. 3.17 respectively for the year ended December 31, 2021. (cont)
2023-04-26: Consent of Bangladesh Bank to declare dividend
MERCANBANK: Mercantile Bank Ltd. has informed that Bangladesh Bank has given consent to the bank for declaring dividend for the year ended 31 December 2022 in accordance with the DOS Circular No. 01/2021 dated 07 February 2021 of Bangladesh Bank.
2023-04-24: Board Meeting
MERCANBANK: Mercantile Bank Limited has informed that the Board Meeting of the Company will be held on April 30, 2023 at 3:00 PM to consider, among others, audited financial statements of the company for the year ended December 31, 2022.
2022-10-31: Transfer Confirmation
MERCANBANK: Subrota Narayan Roy, one of the Sponsors of Mercantile Bank Limited, has further informed he has completed his transfer of 5,12,500 shares of the Company to his Daughter Ranita Roy, General Shareholder of the company, by way of gift outside the trading system of Dhaka Stock Exchange as per declaration disseminated on 26.10.2022.
2022-10-31: Un-audited Financial Statements
MERCANBANK: (Quarter 3) As per the un-audited financial statements of Mercantile Bank Limited, Consolidated EPS was Tk. 1.03 for July-September, 2022 as against Tk. 1.29 for July-September, 2021; Consolidated EPS was Tk. 3.25 for January-September, 2022 as against Tk. 3.22 for January-September, 2021. Consolidated NOCFPS was Tk. 5.51 for January-September, 2022 as against Tk. 5.20 for January-September, 2021. Consolidated NAV per share was Tk. 24.88 as on September 30, 2022 and Tk. 23.91 as on September 30, 2021.
2022-10-26: Transfer Intention
MERCANBANK: Subrota Narayan Roy, one of the Sponsors of Mercantile Bank Limited, has reported his intention to transfer 5,12,500 shares of the company to his Daughter Ranita Roy, General Shareholder of the company, by way of gift outside the trading system of the Exchange (DSE) within October 31, 2022.
2022-10-24: Board Meeting
MERCANBANK: Mercantile Bank Limited has informed that the Board Meeting of the Company will be held on October 30, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2022.
2022-10-20: Sale Confirmation
MERCANBANK: Engr. Md. Monsuruzzaman, one of the Sponsors of Mercantile Bank Limited, has further informed that he has completed his sale of 8,20,000 shares of the Company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 18.09.2022.
2022-10-13: Transmission of Deceased Sponsor's shares to his nominee
MERCANBANK: Mercantile Bank lImited has informed that Mr. Md. Abdul Jalil, one of the Sponsors of the Company passed away on 06.03.2013. His holding 1,62,96,720 shares will be transmitted to his nominee Mrs. Rena Jalil (wife of late Mr. Md. Abdul Jalil), by way of nomination.
2022-09-18: Sale Intention
MERCANBANK: Engr. Md. Monsuruzzaman, one of the Sponsors of Mercantile Bank Limited, has expressed his intention to sell 8,20,000 shares out of his holdings 23,20,000 shares of the company at prevailing market price (in the Public Market) through Dhaka Stock Exchange within next 30 working days.
2022-09-18: Sale Confirmation
MERCANBANK: Mr. A.K.M Shaheed Reza, one of the Sponsors of Mercantile Bank Limited, has further informed that he has completed his sale of 14,46,000 shares of the company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 13.09.2022.
2022-09-13: Sale Intention
MERCANBANK: A.K.M. Shaheed Reza, one of the Sponsors of Sponsors of Mercantile Bank Limited, has expressed his intention to sell 14,46,000 shares out of his holdings of 4,77,94,126 shares of the Company at prevailing market price (in the Public Market) through Dhaka Stock Exchange within next 30 working days.
2022-08-30: Sale Confirmation
MERCANBANK: Mr. A.K.M Shaheed Reza, one of the Sponsors of Mercantile Bank Limited, has further informed that he has completed his sale of 6,00,000 shares of the company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 29.08.2022.
2022-08-29: Sale Confirmation
MERCANBANK: Mrs. Bilkis Begum, one of the Sponsors of Mercantile Bank Limited, has further informed that she has completed her sale of 7,00,000 shares of the company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 10.08.2022.
2022-08-29: Sale Intention
MERCANBANK: Mr. A.K.M Shaheed Reza, one of the Sponsors of Mercantile Bank Limited, has reported his intention to sell 6,00,000 shares out of his holding 4,83,94,126 shares of the Company at prevailing market price (in the Public Market) through Dhaka Stock Exchange within next 30 working days.
2022-08-28: Sale Confirmation
MERCANBANK: Mr. A.K.M Shaheed Reza, one of the Sponsors of Mercantile Bank Limited, has further informed that he has completed his sale of 10,00,000 shares of the company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 11.08.2022.
2022-08-11: Sale Intention
MERCANBANK: Mr. A.K.M Shaheed Reza, one of the Sponsors of Mercantile Bank Limited, has reported his intention to sell 10,00,000 shares out of his holding 4,93,94,126 shares of the Company at prevailing market price (in the Public Market) through Dhaka Stock Exchange within next 30 working days.
2022-08-10: Sale Intention
MERCANBANK: Mrs. Bilkis Begum, one of the Sponsors of Mercantile Bank Limited, has reported her intention to sell 7,00,000 shares out of her holding 10,91,982 shares of the Company at prevailing market price (in the Public Market) through Dhaka Stock Exchange within next 30 working days.
2022-08-04: Sale Confirmation
MERCANBANK: Mrs. Bilkis Begum, one of the Sponsors of Mercantile Bank Limited, has further informed that she has completed her sale of 5,00,000 shares of the company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 17.07.2022.
2022-08-03: Sale Confirmation
MERCANBANK: Mr. A.K.M Shaheed Reza, one of the Sponsors of Mercantile Bank Limited, has further informed that he has completed his sale of 8,00,000 shares of the company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 24.07.2022.
2022-07-26: Purchase of Floor Space
MERCANBANK Mercantile Bank Limited has also informed that the Company has decided to purchase floor space measuring 4929 Sft. with 02 car parking at 2nd floor of Morshed Alam Complex, Chowmuhani, Begumganj, Noakhali presently used by Mercantile Bank Limited, Chowmuhani Branch, Noakhali at a total cost of BDT 8,15,00,000.00 (excluding the cost of registration and other related expenses) subject to obtaining approval from Bangladesh Bank.
2022-07-26: Un-audited HY A/Cs
MERCANBANK: (Quarter 2) As per un-audited half yearly accounts of Mercantile Bank Limited, Consolidated EPS was Tk. 1.36 for April-June 2022 as against Tk. 1.32 for April-June 2021. Consolidated EPS was Tk. 2.22 for January-June 2022 as against Tk. 1.93 for January-June 2021. Consolidated NOCFPS was Tk. 8.18 for January-June 2022 as against Tk. 8.93 for January-June 2021. Consolidated NAV per share was Tk. 23.81 as on June 30, 2022 and Tk. 22.58 as on June 30, 2021.
2022-07-24: Sale Intention
MERCANBANK: Mr. A.K.M Shaheed Reza, one of the Sponsors of Mercantile Bank Limited, has reported his intention to sell 8,00,000 shares out of his holding 5,01,94,126 shares of the Company at prevailing market price (in the Public Market) through Dhaka Stock Exchange within next 30 working days.
2022-07-20: Board Meeting
MERCANBANK: Mercantile Bank Limited has informed that the Board Meeting of the Company will be held on July 25, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2022.
2022-07-17: Sale Intention
MERCANBANK: Mrs. Bilkis Begum, one of the Sponsors of Mercantile Bank Limited, has reported her intention to sell 5,00,000 shares out of her holding 15,91,982 shares of the Company at prevailing market price (in the Public Market) through Dhaka Stock Exchange within next 30 working days.
2022-07-03: Sale Confirmation
MERCANBANK: Mrs. Bilkis Begum, one of the Sponsors of Mercantile Bank Limited, has further informed that she has completed her sale of 3,00,000 shares of the company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 20.06.2022.
2022-06-20: Sale Intention
MERCANBANK: Mrs. Bilkis Begum, one of the Sponsors of Mercantile Bank Limited, has reported her intention to sell 3,00,000 shares out of her holding 18,91,982 shares of the Company at prevailing market price (in the Public Market) through Dhaka Stock Exchange within next 30 working days.
2022-06-02: Dividend Disbursement
MERCANBANK: Mercantile Bank Limited has informed that it has credited bonus share to the respective shareholders' BO Accounts and disbursed the cash dividend to the respective shareholders for the year ended December 31, 2021.
2022-05-25: Cont-Consent from BSEC for issuance of Mercantile Bank Perpetual Bond
MERCANBANK(cont):The consent has been accorded subject to compliance with the relevant laws and regulatory requirements and also adherence to the conditions imposed under Section-2CC of the Securities and Exchange Ordinance, 1969, The purpose of the issue is to strengthen the capital base of the Bank.(end)
2022-05-25: Consent from BSEC for issuance of Mercantile Bank Perpetual Bond
MERCANBANK: Refer to their earlier news disseminated by CSE on 17.06.2021 regarding Issuance of Perpetual Bond, Mercantile Bank Limited has further informed that BSEC has accorded consent for raising Additional Tier-I capital through issuance of Coupon Bearing Conditional Convertible Perpetual Bond namely Mercantile Bank Perpetual Bond of BDT 500.00 (five hundred) crore at BDT 5,000.00 per unit out of which BDT 450.00 (four hundred fifty) crore will be raised through private placement and the rest amount of BDT 50.00 (fifty) crore through public offer.(cont)
2022-05-22: Credit Rating
MERCANBANK: Credit Rating Information and Services Ltd. (CRISL) has informed that the Rating Committee of CRISL has assigned Rating of Mercantile Bank Limited as ''AA'' in the long term and ''ST-2'' in the short term along with a stable outlook in consideration of its audited financials up to December 31, 2021, unaudited financials up to March 31, 2022 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2022-04-25: Un-audited Financial Statements
MERCANBANK: (Quarter 1) As per the un-audited financial statements of Mercantile Bank Limited, Consolidated EPS was Tk. 0.86 for January-March 2022 as against Tk. 0.61 for January-March 2021. Consolidated NOCFPS was Tk. 1.21 for January-March 2022 as against Tk. 4.92 for January-March 2021. Consolidated NAV per share was Tk. 24.86 as on March 31, 2022 and Tk. 23.21 as on March 31, 2021.
2022-04-20: Reschedule of Board Meeting
MERCANBANK: Mercantile Bank Limited has further informed that the Board Meeting of the Company will now be held on April 24, 2022 at 2:30 PM instead of April 21, 2022 to consider, among others, un-audited financial statements of the company for the First Quarter (Q1) period ended on March 31, 2022.
2022-04-18: Sale Confirmation
MERCANBANK: Engr. Md. Monsuruzzaman, one of the Sponsors of Mercantile Bank Limited, has further informed that he has completed his sale of 6,53,311 shares of the company at prevailing market price through Dhaka Stock Exchange as per declaration disseminated on 24.03.2022.
2022-04-18: Board Meeting
MERCANBANK: Mercantile Bank Limited has informed that the Board Meeting of the Company will be held on April 21, 2022 at 2:30 PM to consider, among others, un-audited financial statements of the company for the First Quarter (Q1) period ended March 31, 2022.
2022-04-07: Cont-Update of Information
MERCANBANK(cont): also soft copy of the same at share@mblbd.com, otherwise dividends will be paid to bank accounts of the members whose name would appear on the "Record Date". The DP/Stock Brokers are requested to provide their Bank Account name & number, routing number etc., to mentioned email address for receiving the dividends of their margin loan holders.(end)
2022-04-07: Update of Information
MERCANBANK: MERCANBANK: Mercantile Bank Limited has requested the concerned Depository participants (DP)/Stock Brokers to provide a list of their margin loan holders who hold the shares of the company, as on record date with the details of Shareholders' name, BO ID, shareholding position, cash dividend receivable, tax rate etc., within April 18, 2022, along with the name of the contact person to the Share Department of the Company and (cont)
2022-04-05: Record Date tomorrow (06.04.2022)
MERCANBANK: Trading of the shares of Mercantile Bank Ltd. will remain suspended on its record date i.e., 06.04.2022. Trading of the shares of the Company will resume on 07.04.2022.
2022-04-03: Spot trade from tomorrow (04.04.2022)
MERCANBANK: Trading of the shares of Mercantile Bank Ltd. will be allowed only in the Spot Market from 04.04.2022 to 05.04.2022 as the record date of the Company is on 06.04.2022.
2022-03-29: BSEC Consent to issue a Security Custodian Registration Certificate
MERCANBANK: Bangladesh Securities and Exchange Commission (BSEC) has agreed to accord registration certificate as a Security Custodian in favor of Mercantile Bank Limited.
2022-03-24: Sell Intention
MERCANBANK: Engr. Md. Monsuruzzaman, one of the Sponsors of Mercantile Bank Limited, has reported his intention to sell 6,53,311 shares out of his holding 28,53,311 shares of the Company at prevailing market price (in the Public Market) through Dhaka Stock Exchange (DSE) within next 30 working days.
2022-03-16: CB Free
MERCANBANK: Please note that there will be no price limit today 16.03.2022 on the trading of the shares of the Company following its corporate declaration.
2022-03-16: Cont-Recommendation of Dividend
MERCANBANK(cont): The Company also informed that i) Bonus shares have been declared to strengthen Tier-I capital base as per Basel III for the coming year. ii) The Bonus Shares have been declared out of accumulated profit. iii) The Bonus Shares have not been declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company or through reducing paid up capital or through doing anything so that the post-dividend retained earnings become negative or a debit balance.(end)
2022-03-16: Recommendation of Dividend
MERCANBANK: The Board of Directors has recommended 12.5% cash and 5% stock dividend for the year ended on December 31, 2021. Date of AGM: 28.04.2022, Time: 11:00 AM, Venue: Digital Platform, Record Date: 06.04.2022. The Company has also reported Consolidated EPS of Tk. 3.46, Consolidated NAV per share of Tk. 23.91 and Consolidated NOCFPS of Tk. 3.17 for the year ended on December 31, 2021 as against Tk. 2.16, Tk. 22.61 and Tk. 4.16 respectively for the same period of the previous year.(cont)
2022-03-09: Board Meeting
MERCANBANK: Mercantile Bank Limited has informed that the Board Meeting of the Company will be held on March 15, 2022 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2021.
2021-10-27: Un-audited Financial Statement
MERCANBANK: (Quarter 3) As per the un-audited financial statements of Mercantile Bank Limited, Consolidated EPS was Tk. 1.36 for July-September, 2021 as against Tk. 0.67 for July-September, 2020; Consolidated EPS was Tk. 3.38 for January-September, 2021 as against Tk. 1.64 for January-September, 2020. Consolidated NOCFPS was Tk. 5.20 for January-September, 2021 as against Tk. 7.69 for January-September, 2020. Consolidated NAV per share was Tk. 23.91 as of September 30, 2021 and Tk. 22.68 as on September 30, 2020.
2021-10-21: Board Meeting
MERCANBANK: Mercantile Bank Limited has informed that the Board Meeting of the Company will be held on October 26, 2021 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2021.
2021-10-12: Sale Confirmation
MERCANBANK: Md. Mizanur Rahman Chowdhury, one of the Sponsors of Mercantile Bank Limited, has further reported that he has completed his sale of 10,00,000 shares of the Company at prevailing market price through Stock Exchange as per declaration disseminated on 03.10.2021.
2021-10-06: Sale Confirmation
MERCANBANK: Mr. A.K.M. Shaheed Reza, one of the Sponsors of Mercantile Bank Limited, has further reported that he has completed his sale of 10,00,000 shares of the Company at prevailing market price through Stock Exchange as per declaration disseminated on 28.09.2021.
2021-10-03: Sale Intention
MERCANBANK: Md. Mizanur Rahman Chowdhury, one of the Sponsors of Mercantile Bank Limited, has reported his intention to sell 10,00,000 shares out of his total holding of 73,32,200 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within October 31, 2021.
2021-09-28: Sale Intention
MERCANBANK: Mr. A.K.M. Shaheed Reza, one of the Sponsors of Mercantile Bank Limited, has reported his intention to sell 10,00,000 shares out of his total holding of 4,88,03,931 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within October 31, 2021.
2021-09-21: Sale Confirmation
MERCANBANK: Engr. Md. Monsuruzzaman, one of the Sponsors of Mercantile Bank Limited, has further reported that he has completed his sale of 4,00,000 shares of the Company at prevailing market price through Stock Exchange (DSE) as per declaration disseminated on 02.08.2021.
2021-08-19: Sale Confirmation
MERCANBANK: Mr. A.K.M Shaheed Reza, one of the Sponsor Directors of Mercantile Bank Limited, has further reported that he has completed his sale of 20,00,000 shares of the Company at prevailing market price through Stock Exchange as per declaration disseminated on 10.08.2021.
2021-08-10: Sale Intention
MERCANBANK: Mr. A.K.M Shaheed Reza, one of the Sponsor Directors of Mercantile Bank Limited, has reported his intention to sell 20,00,000 shares out of his total holding of 50,803,931 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within next 30 working days.
2021-08-02: Sale Intention
MERCANBANK: Engr. Mohd. Monsuruzzaman, one of the Sponsors of Mercantile Bank Limited, has reported is intention to sell 4,00,000 shares out of his total holding of 32,53,311 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within next 30 working days.
2021-07-28: Sale Confirmation
MERCANBANK: Engr. Mohd. Monsuruzzaman, one of the Sponsors of Mercantile Bank Limited, has further reported that he has completed his sale of 6,49,539 shares of the Company at prevailing market price through Stock Exchange as per declaration disseminated on 10.06.2021.
2021-07-25: Un-audited HY A/Cs
MERCANBANK: (Quarter 2) As per un-audited half yearly accounts of Mercantile Bank Limited, Consolidated EPS was Tk. 1.38 for April-June 2021 as against Tk. 0.42 for April-June 2020. Consolidated EPS was Tk. 2.02 for January-June 2021 as against Tk. 0.97 for January-June 2020. Consolidated NOCFPS was Tk. 8.93 for January-June 2021 as against Tk. 3.05 for January-June 2020. Consolidated NAV per share was Tk. 22.58 as on June 30, 2021 and Tk. 23.50 as on June 30, 2020. NOCFPS has been increased due to mainly increase of customer deposit.
2021-07-14: Board Meeting
MERCANBANK: Mercantile Bank Limited has informed that the Board Meeting of the Company will be held on July 19, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2021.
2021-06-17: Cont-Issuance of Perpetual Bond (Amendment)
MERCANBANK: (Cont) previously decided 100% private placement of Tk. 700.00 crore, Contingent-Convertible BASEL III compliant Mercantile Bank Perpetual Bond as part of Additional Tier- I Capital subject to the approval from Regulatory Authorities as well as approval of the Shareholders of the Company.(end)
2021-06-17: Issuance of Perpetual Bond (Amendment)
MERCANBANK: Refer to their earlier news disseminated by CSE on 28.04.2021 regarding issuance of Perpetual Bond, Mercantile Bank Limited has further informed that the Board of Directors has decided to issue 'Mercantile Bank Perpetual Bond' of Tk. 700.00 crore in the following manner to comply with Bangladesh Securities and Exchange Commission (Debt Securities) Rules, 2021 and Directive issued on 23 May 2021: Tk. 630.00 crore (90%) through Private Placement and Tk. 70.00 crore (10%) through Public Offer instead of (Cont)
2021-06-10: Sale Intention
MERCANBANK: Engr. Mohd. Monsuruzzaman, one of the Sponsors of Mercantile Bank Limited, has reported his intention to sell 6,49,539 shares out of his total holding of 39,02,850 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within next 30 working days.
2021-06-07: Transfer of shares outside the Trading System of the Exchange
MERCANBANK: Dhaka Stock Exchange Limited (DSE) has accorded its consent to transfer of 67,34,840 shares of Mercantile Bank Ltd. outside the trading system of the exchange from Mr. Md. Shahabuddin Alam, one of the Sponsors of Mercantile Bank Ltd. (the transferor/pledgor) to Padma Bank Limited (the transferee/pledgee) within 30 working days from the date of issuance of approval letter by DSE, under Regulation-47 of the Dhaka Stock Exchange (Listing) Regulations, 2015.
2021-06-02: Dividend Disbursement
MERCANBANK: Mercantile Bank Ltd. has informed that the Bonus shares of the Company for the year ended on December 31, 2020 have already been credited through CDBL to the respective shareholders' BO Accounts and it has also disbursed the cash dividend to the respective shareholders.
2021-05-20: Credit Rating
MERCANBANK: Credit Rating Information and Services Ltd. (CRISL) has informed that the Rating Committee of CRISL has assigned Rating of Mercantile Bank Limited as ''AA'' in the long term and ''ST-2'' in the short term along with a stable outlook in consideration of its audited financials up to December 31, 2020, unaudited financials up to March 31, 2021 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2021-04-28: Shareholders approval to issue Perpetual Bond
MERCANBANK: Refer to their earlier news disseminated by CSE on 15.10.2020 regarding decided to issue Perpetual Bond up to BDT 700.00 Crore, Mercantile Bank Limited has further informed that the shareholders of the Company in the 22nd AGM held on April 28, 2021 have approved the issuance of ''Perpetual Bond'' up to BDT 700.00 Crore as Additional Tier-1 (AT-1) Capital to support Bank's Basel-III compliance in line with Bangladesh Bank Guidelines on Risk Based Capital Adequacy dated December 2014 subject to approval from concerned Regulatory Authorities and complying with regular requirements.
2021-04-25: Un-audited Financial Statement
MERCANBANK: (Quarter 1) As per the un-audited financial statements of Mercantile Bank Limited, Consolidated EPS was Tk. 0.64 for January-March 2021 as against Tk. 0.55 for January-March 2020. Consolidated NOCFPS was Tk. 4.92 for January-March 2021 as against Tk. 1.48 for January-March 2020. Consolidated NAV per share was Tk. 23.21 as on March 31, 2021 and Tk. 24.23 as on March 31, 2020.
2021-04-19: Board Meeting
MERCANBANK: Mercantile Bank Limited has informed that the Board Meeting of the Company will be held on April 22, 2021 at 1:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2021.
2021-04-18: Venue of the AGM
MERCANBANK: Mercantile Bank Limited has further informed that the 22nd AGM will be held virtually by using digital platform through the link: https://mbl.bdvirtualagm.com on April 28, 2021 at 11:00 AM.
2021-04-04: Record Date on 05.04.2021
MERCANBANK: Trading of the shares of Mercantile Bank Ltd. will remain suspended on its record date i.e., 05.04.2021. Trading of the shares of the Company will resume on 06.04.2021.
2021-03-31: Spot trade from tomorrow (01.04.2021)
MERCANBANK: Trading of the shares of Mercantile Bank Ltd. will be allowed only in the Spot Market from 01.04.2021 to 04.04.2021as the record date of the Company is on 05.04.2021.
2021-03-14: CB Free
MERCANBANK: Please note that there will be no price limit today 14.03.2021 on the trading of the shares of the Company following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.
2021-03-14: Cont-Recommendation of Dividend
MERCANBANK(cont): as against Tk. 2.26 (restated), Tk. 22.34 and Tk. 2.22 respectively for the same period of the previous year. The Company also informed that i) Stock dividend has been declared to strengthen Tier-I capital base as per Basel III for the coming year. ii) The Bonus Shares have been declared out of accumulated profit. iii) The Bonus Shares have not been declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company or through reducing paid up capital or through doing anything so that the post-dividend retained earnings become negative or a debit balance.(end)
2021-03-14: Recommendation of Dividend
MERCANBANK: The Board of Directors has recommended 10% cash and 5% stock dividend for the year ended on December 31, 2020. Date of AGM: 28.04.2021, Time: 11:00 AM, Venue: AGM will be held by using hybrid system i.e. combination of physical presence and by using digital/online platform. Venue for physical presence: FARS Hotel & Resorts, 212 Shahid Syed Nazrul Islam Sharani (Bijoynagar), Dhaka-1000. (Web-link for joining by using digital/online platform will be communicated in due course through AGM notice). Record Date: 05.04.2021. The Company has also reported Consolidated EPS of Tk. 2.26, Consolidated NAV per share of Tk. 22.61 and Consolidated NOCFPS of Tk. 4.16 for the year ended on December 31, 2020(cont)
2021-03-08: Transfer of shares outside the Trading System of the Exchange
MERCANBANK: Dhaka Stock Exchange Limited (DSE) has accorded its consent as per Court Order to transfer 2,02,763 shares of Mercantile Bank Ltd. from Md. Shahabuddin Alam, one of the Sponsors of Mercantile Bank Ltd. (the transferor/pledgor) to Southeast Bank Ltd. (the transferee/pledgee) outside the trading system of the exchange within 30 working days from the date of issuance of approval letter by DSE, under Regulation-47 of the Dhaka Stock Exchange (Listing) Regulations, 2015.
2021-03-07: Board Meeting
MERCANBANK: Mercantile Bank Limited has informed that the Board Meeting of the Company will be held on March 11, 2021 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2020.
2020-12-22: Share Transmission of Deceased Sponsor Director to his successor
MERCANBANK: Mercantile Bank Ltd. has informed that Mr. Mohd Selim, Sponsor Director of the company passed away on 26.06.2020. His total holding of 2,85,16,639 shares will be transmitted to his successor Mr. Mohammad Abdul Awal according to the Succession Certificate issued by the Honorable Court and free will of the successors.
2020-11-22: Decided to issue Mercantile Bank 3rd Subordinated Bond
MERCANBANK: Mercantile Bank Ltd. has informed that the Board of Directors has decided to issue coupon bearing non-convertible "Mercantile Bank 3rd Subordinated Bond" up to BDT 500.00 Crore as Tier-II regulatory capital through private placement to strengthen the Capital base of the Bank under Basel-III guideline subject to approval from concerned regulatory authorities.
2020-11-05: Completion of shares Transfer outside the Trading System of the Exchange
MERCANBANK: First Finance has further informed that 16,83,570 shares of Mercantile Bank Ltd. from Late Abdul Jalil, one of the Sponsors of Mercantile Bank Ltd. (the transferor/pledgor) have been transferred to First Finance Ltd. (the transferee/pledgee) outside the trading system of the exchange as per declaration disseminated on 13.10.2020
2020-10-28: Un-audited Financial Statement
MERCANBANK: (Quarter 3) As per the un-audited financial statements of Mercantile Bank Limited, Consolidated EPS was Tk. 0.65 for July-September, 2020 as against Tk. 0.46 for July-September, 2019; Consolidated EPS was Tk. 1.72 for January-September, 2020 as against Tk. 2.25 for January-September, 2019. Consolidated NOCFPS was Tk. 7.69 for January-September, 2020 as against Tk. 2.23 for January-September, 2019. Consolidated NAV per share was Tk. 22.68 as of September 30, 2020 and Tk. 22.28 as on September 30, 2019.
2020-10-21: Board Meeting
MERCANBANK: Mercantile Bank Limited has informed that the Board Meeting of the Company will be held on October 27, 2020 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2020.
2020-10-15: Sale Confirmation
MERCANBANK: Mr. A.K.M Shaheed Reza, one of the Sponsor Directors of Mercantile Bank Limited, has further reported that he has completed his sale of 15,00,000 shares of the Company at prevailing market price through Stock Exchange as per declaration disseminated on 06.10.2020.
2020-10-15: Cont-Issuance of Perpetual Bond and Sponsorship of Open-End Mutual Fund
MERCANBANK(cont): 2. The Bank will sponsor an Open-End Mutual Fund in the name of "Mercantile Bank Unit Fund" to the tune of BDT 50.00 Crore and the Bank will subscribe at least 10% of the fund. The remaining portion of fund will be raised from Market. MBL Asset Management Limited shall be appointed as Fund Manager of the said fund subject to approval from Bangladesh Securities & Exchange Commission (BSEC).(end)
2020-10-15: Issuance of Perpetual Bond and Sponsorship of Open-End Mutual Fund
MERCANBANK: Mercantile Bank Limited has informed that the Board of Directors of the Bank has taken the following decisions: 1. The Bank will issue ''Perpetual Bond'' up to BDT 700.00 Crore as Additional Tier- 1(AT-1) capital to support Bank's Basel III compliance in line with Bangladesh Bank Guidelines on Risk Based Capital Adequacy dated December 2014 subject to approval from concerned regulatory authorities and complying with regular requirements.(cont)
2020-10-13: Transfer of shares outside the Trading System of the Exchange
MERCANBANK: Dhaka Stock Exchange Limited (DSE) has accorded its consent as per Court Order to transfer 16,83,570 shares of Mercantile Bank Ltd. from Late Abdul Jalil, one of the Sponsors of Mercantile Bank Ltd. (the transferor/pledgor) to First Finance Ltd. (the transferee/pledgee) outside the trading system of the exchange within October 29, 2020 from the date of issuance of approval letter by DSE, under Regulation-47 of the Dhaka Stock Exchange (Listing) Regulations, 2015.
2020-10-06: Transfer Confirmation
MERCANBANK: Mr. Subrota Narayan Roy, one of the Sponsors of Mercantile Bank Limited, has further reported that he has completed his transfer of 46,60,000 shares of the Company to his wife Mrs. Hena Sree Roy (23,30,000 shares) and his son Mr. Saurav Roy (23,30,000 shares) respectively, by way of gift outside the trading system of the Exchange as per declaration disseminated on 01.10.2020.
2020-10-06: Sell Intention
MERCANBANK: Mr. A.K.M Shaheed Reza, one of the Sponsor Directors of Mercantile Bank Limited, has reported his intention to sell 15,00,000 shares out of his total holding of 49,884,697 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within October 29, 2020.
2020-09-13: Transfer confirmation of shares outside the Trading System of the Exchange
MERCANBANK: Mercantile Bank Ltd. has further informed that 40,55,283 shares of Mercantile Bank Ltd. from Md. Shahabuddin Alam, one of the Sponsors of Mercantile Bank Ltd. (the transferor/pledgor) have been transferred to Southeast Bank Ltd. (the transferee/pledgee) outside the trading system of the exchange as per declaration disseminated on 25.08.2020.
2020-09-02: Sell Intention
MERCANBANK: Mr. Md. Shahabuddin Alam, one of the Sponsors of Mercantile Bank Limited, has reported his intention to sell 67,34,840 shares out of his total holding of 85,38,935 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within next 30 working days.
2020-08-25: Transfer of shares outside the Trading System of the Exchange
MERCANBANK: Dhaka Stock Exchange Limited (DSE) has accorded its consent as per Court Order to transfer 40,55,283 shares of Mercantile Bank Ltd. from Md. Shahabuddin Alam, one of the Sponsors of Mercantile Bank Ltd. (the transferor/pledgor) to Southeast Bank Ltd. (the transferee/pledgee) outside the trading system of the exchange within 30 working days from the date of issuance of approval letter by DSE.
2020-07-28: Dividend Disbursement
MERCANBANK: Mercantile Bank Ltd. has informed that the Bonus shares of the Company for the year ended on December 31, 2019 have already been credited through CDBL to the respective shareholders' BO Accounts and it has also disbursed cash dividend to the respective shareholders.
2020-07-28: Un-audited HY A/Cs
MERCANBANK: (Quarter 2) As per un-audited half yearly accounts of Mercantile Bank Limited, Consolidated EPS was Tk. 0.50 for April-June 2020 as against Tk. 1.24 for April-June 2019. Consolidated EPS was Tk. 1.07 for January-June 2020 as against Tk. 1.79 for January-June 2019. Consolidated NOCFPS was Tk. 3.05 for January-June 2020 as against Tk. 3.11 for January-June 2019. Consolidated NAV per share was Tk. 23.50 as on June 30, 2020 and Tk. 21.71 as on June 30, 2019.
2020-07-22: Board Meeting
MERCANBANK: Mercantile Bank Limited has informed that the Board Meeting of the Company will be held on July 27, 2020 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2020.
2020-06-16: Un-audited Financial Statements
MERCANBANK: (Quarter 1) As per the un-audited financial statements of Mercantile Bank Limited, Consolidated EPS was Tk. 0.58 for January-March 2020 as against Tk. 0.55 for January-March 2019. Consolidated NOCFPS was Tk. 1.48 for January-March 2020 as against Tk. 1.96 for January-March 2019. Consolidated NAV per share was Tk. 24.23 as on March 31, 2020 and Tk. 23.54 as on March 31, 2019.
2020-06-14: Credit Rating
MERCANBANK: Emerging Credit Rating Limited (ECRL) has assigned surveillance credit rating of Mercantile Bank Limited as "AA" in the long term and "ST-2" in the short term along with a Stable outlook based on audited financial statements of the Company up to December 31, 2019 and other relevant quantitative as well as qualitative information up to the date of rating.
2020-06-10: Board Meeting
MERCANBANK: Mercantile Bank Limited has informed that the Board Meeting of the Company will be held on June 15, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2020.
2020-06-07: Reschedule of AGM
MERCANBANK: Mercantile Bank Limited has further informed that the AGM of the Company will be held on June 24, 2020 at 11:00 am by using digital platform through the link http://mbl.bdvirtualagm.com.
2020-06-01: Record Date tomorrow (02.06.2020)
MERCANBANK: Trading of the shares of Mercantile Bank Ltd. will remain suspended on its record date i.e., 02.06.2020. Trading of the shares of the Company will resume on 03.06.2020.
2020-05-31: Postponement of AGM
MERCANBANK: Mercantile Bank Limited has further informed that due to unavoidable circumstances, the 21st AGM, scheduled to be held on April 30, 2020 has been postponed. The new date, time and venue of the AGM will be notified later on.
2020-05-31: Announcement of Spot date, Record date and Trading suspension
MERCANBANK: Due to pandemic period and closing of trading and settlement activities, trading of the shares of the Company will be allowed only in the Spot Market from 31.05.2020 to 01.06.2020. Trading of the shares of the Company will remain suspended on record date i.e., 02.06.2020. However, previous record date was 15.04.2020.
2020-05-31: Revision of EPS, NAV and NOCFPS
MERCANBANK: Referring to their earlier news disseminated on 23.03.2020 regarding Recommendation of Dividend, Mercantile Bank Limited has further informed that they had earlier reported Consolidated EPS of Tk. 3.01, Consolidated NAV per share of Tk. 22.96 and Consolidated NOCFPS of Tk. 2.23 for the year ended on December 31, 2019. Due to Dividend Policy for the banks of Bangladesh Bank for the year 2019, the Company has decided to change the Financial Statement subject to approval of Bangladesh Bank and also reported revised Consolidated EPS of Tk. 2.37, Consolidated NAV per share of Tk. 22.34 and Consolidated NOCFPS of Tk. 2.22 for the year ended on December 31, 2019.
2020-03-24: Recommendation of Dividend (Additional Information)
MERCANBANK: The Company has further informed that 1) The Company has declared 5% stock dividend for the year 2019 in order to strengthen Tire-1 capital base as per Basel III for the coming year. 2) The bonus shares has declared out of accumulated profit. 3) The bonus shares has not been declared from capital reserve or revaluation reserve or any unrealized gain or out of capital earned prior to incorporation of the Company or through reducing paid up capital or through doing anything so that the post-dividend retained earning become negative or a debit balance.
2020-03-23: CB free
MERCANBANK: Please note that there will be no price limit today 23 March 2020 on the trading of shares of the Company following its corporate disclosure.
2020-03-23: Recommendation of Dividend
MERCANBANK: The Board of Directors has recommended 11% Cash & 5% stock dividend for the year ended on December 31, 2019. Date of AGM: 30.04.2020, Time: 11:00 AM, Venue: MBL Center, Plot #735 (old), 82/A (new), Road # 8/A, Satmasjid Road, Dhanmondi Residential Area, Dhaka-1209. Record Date: 15.04.2020. The Company has also reported Consolidated EPS of Tk. 3.01, Consolidated NAV per share of Tk. 22.96 and Consolidated NOCFPS of Tk. 2.23 for the year ended on December 31, 2019 as against Tk. 3.12 (restated), Tk. 22.91 and Tk. 2.04 respectively for the same period of the previous year.
2020-03-16: Board Meeting
MERCANBANK: Mercantile Bank Limited has informed that the Board Meeting of the Company will be held on March 22, 2020 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2019.
2019-10-31: Sale Confirmation
MERCANBANK: Dr. Toufique Rahman Chowdhury, one of the Sponsors of Mercantile Bank Limited, has further reported that he has completed his sale of 1,00,000 shares of the Company at prevailing market price through Stock Exchange as per declaration disseminated on 21.10.2019.
2019-10-28: Sale Confirmation
MERCANBANK: Md. Mizanur Rahman Chowdhury, one of the Sponsors of Mercantile Bank Limited, has further reported that he has completed his sale of 6,28,000 shares of the Company at prevailing market price through Stock Exchange as per declaration disseminated on 02.10.2019.
2019-10-27: Un-audited Financial Statement
MERCANBANK: (Quarter 3) As per the un-audited financial statements of Mercantile Bank Limited, Consolidated EPS was Tk. 0.57 for July-September 2019 as against Tk. 0.66 for July-September 2018; Consolidated EPS was Tk. 2.36 for January-September 2019 as against Tk. 2.35 for January-September 2018. Consolidated NOCFPS was Tk. 2.23 for January-September 2019 as against Tk. 2.37 for January-September 2018. Consolidated NAV per share was Tk. 22.28 as on September 30, 2019 and Tk. 22.07 as on September 30, 2018.
2019-10-21: Sale Intention
MERCANBANK: Dr. Toufique Rahman Chowdhury, one of the Sponsors of Mercantile Bank Limited, has reported his intention to sell 1,00,000 shares out of his total holding of 20,25,000 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within October 31, 2019.
2019-10-21: Board Meeting
MERCANBANK: Mercantile Bank Limited has informed that the Board Meeting of the Company will be held on October 24, 2019 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2019.
2019-10-13: Sale Confirmation
MERCANBANK: Dr. Toufique Rahman Chowdhury, one of the Sponsors of Mercantile Bank Limited, has further reported that he has completed his sale of 1,00,000 shares of the Company at prevailing market price through Stock Exchange as per declaration disseminated on 02.10.2019.
2019-10-02: Sale Intention
MERCANBANK: Dr. Toufique Rahman Chowdhury and Md. Mizanur Rahman Chowdhury, both are Sponsors of Mercantile Bank Limited, has reported their intention to sell 1,00,000 and 6,28,000 shares out of their total holding of 21,25,000 and 72,78,522 shares respectively of the Company at prevailing market price (In the Public Market) through Stock Exchange (DSE) within October 31, 2019.
2019-09-23: Sale Confirmation
MERCANBANK: Dr. Toufique Rahman Chowdhury, one of the Sponsors of Mercantile Bank Limited, has further reported that he has completed his sale of 3,14,430 shares of the Company at prevailing market price through Stock Exchange as per declaration disseminated on 22.08.2019.
2019-09-18: Establishing Islamic Banking Window
MERCANBANK: Mercantile Bank Limited has informed that the Board of Directors of the Company has approved to initiate required course of activity for establishing Islamic Banking Window side by side with the conventional banking of the bank subject to the approval of regulatory authority and also the shareholders of the Bank in EGM. Record date, EGM Date and Venue of the EGM will be notified later.
2019-08-22: Sale Intention
MERCANBANK: Dr. Toufique Rahman Chowdhury, one of the Sponsors of Mercantile Bank Limited, has expressed his intention to sell 3,14,430 shares out of his total holding of 24,39,430 shares of the Company at prevailing market price (In the Public Market) through Stock Exchange (DSE) within next 30 working days.
2019-08-07: Sale Confirmation
MERCANBANK: Mr. A.K.M. Shaheed Reza, one of the Sponsors Directors of Mercantile Bank Ltd., has further reported that he has completed his sale of 20,00,000 shares of the Company at prevailing market price through Stock Exchange as per declaration disseminated on 04.08.2019.
2019-08-07: Transfer Confirmation
MERCANBANK: Mr. Mohammed Monsuruzzaman, one of the Sponsors of Mercantile Bank Ltd., has further reported that he has completed his transfer of 6,00,000 shares of the Company to his two sons namely Mr. Mohammed Mahir Zawad and Mr. Md. Tanweer Zaman each 3,00,000 shares by way of gift outside the trading system of the Exchange, as per declaration disseminated on 01.08.2019.
2019-08-04: Transfer Intention
MERCANBANK: Mr. Mohammed Monsuruzzaman, one of the Sponsors of Mercantile Bank Ltd., has reported his intention to transfer 6,00,000 shares out of his total holding of 41,40,000 shares of the Company to his two sons namely Mr. Mohammed Mahir Zawad and Mr. Md. Tanweer Zaman each 3,00,000 shares, by way of gift outside the trading system of the Exchange within next 30 working days from the date of issuance of approval letter by DSE.
2019-08-04: Sale Intention
MERCANBANK: Mr. A.K.M. Shaheed Reza, one of the Sponsors Directors of Mercantile Bank Ltd., has reported his intention to sell 20,00,000 shares out of his total holding of 4,95,09,237 shares of the Company at prevailing market price (in the Public Market) through Stock Exchange (DSE) within next 30 working days.
2019-07-30: Un-audited HY A/Cs
MERCANBANK:(Quarter 2) As per un-audited half yearly accounts of Mercantile Bank Ltd., Consolidated EPS was Tk. 1.16 for April-June 2019 as against Tk. 0.88 for April-June 2018. Consolidated EPS was Tk. 1.79 for January-June 2019 as against Tk. 1.69 for January-June 2018. Consolidated NOCFPS was Tk. 3.11 for January-June 2019 as against Tk. 6.20 for January-June 2018. Consolidated NAV per share was Tk. 21.71 as on June 30, 2019 and Tk. 21.30 as on June 30, 2018.
2019-07-25: Board Meeting
MERCANBANK: Mercantile Bank Limited has informed that the Board Meeting of the Company will be held on July 29, 2019 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2019.
2019-07-16: Bonus Shares Credited
MERCANBANK: Mercantile Bank Ltd. has informed that the Bonus shares of the Company for the year ended on December 31, 2018 have already been credited through CDBL to the respective shareholders' BO Accounts.
2019-07-08: Completion of share Transfer outside the Trading System
MERCANBANK: Referring to the earlier news disseminated by CSE on 04.07.2019, transfer of 41,01,530 shares of Mercantile Bank Ltd. outside the trading system of the exchange from Alhaj S. M. Shakil Akhter, one of the Sponsors of Mercantile Bank Ltd. (the transferor/pledgor) to Jamuna Bank Ltd. (the transferee/pledgee) has been completed.
2019-07-04: Transfer of shares outside the Trading System of the Exchange
MERCANBANK: Dhaka Stock Exchange Limited (DSE) has accorded its consent as per High Court Order to transfer 41,01,530 shares of Mercantile Bank Ltd. outside the trading system of the exchange from Alhaj S. M. Shakil Akhter, one of the Sponsors of Mercantile Bank Ltd. (the transferor/pledgor) to Jamuna Bank Ltd. (the transferee/pledgee) within 30 working days from the date of issuance of approval letter by DSE, under Regulation-47 of the Dhaka Stock Exchange (Listing) Regulations, 2015.
2019-06-09: Ex-benefit Price Adjustments
MERCANBANK: Please note that the price of the shares of MERCANBANK is adjusted today following its ex-benefits date to the extent of its corporate benefits; hence the price limit on the scrip will remain as it is today. Therefore, adjusted price of MERCANBANK=Tk. 15.50.
2019-05-29: Record Date tomorrow (30.05.2019)
MERCANBANK: Trading of the shares of Mercantile Bank Ltd. will remain suspended on its record date i.e., 30.05.2019. Trading of the shares of the Company will resume on 09.06.2019.
2019-05-27: Spot trade from tomorrow (28.05.2019)
MERCANBANK: Trading of the shares of Mercantile Bank Ltd. will be allowed only in the Spot Market from 28.05.2019 to 29.05.2019 as the record date of the Company is on 30.05.2019.
2019-05-26: Credit Rating
MERCANBANK: Emerging Credit Rating Limited (ECRL) has assigned the surveillance rating of Mercantile Bank Limited as ''AA'' in the long term and ''ST-2'' in the short term along with a Stable outlook based on audited financial statements of the Company up to December 31, 2018 and other relevant quantitative as well as qualitative information up to the date of rating.
2019-05-21: Sale Confirmation
MERCANBANK: Mr. Subrota Narayan Roy, one of the Sponsors of Mercantile Bank Limited, has further reported that he has completed his sale of 1,50,100 shares of the Company at prevailing market price through Stock Exchange as per declaration disseminated on 19.05.2019.
2019-05-19: Sale Intention
MERCANBANK: Mr. Subrota Narayan Roy, one of the Sponsors of Mercantile Bank Limited, has reported his intention to sell 1,50,100 shares out of his total holding of 81,50,100 shares of the Company at prevailing market price (In the Public Market) through Stock Exchange (DSE) within next 30 working day.
2019-05-14: Un-audited Financial Statements
MERCANBANK: (Quarter 1) As per the un-audited financial statements of Mercantile Bank Limited, Consolidated EPS was Tk. 0.63 for January-March 2019 as against Tk. 0.81 for January-March 2018. Consolidated NOCFPS was Tk. 1.96 for January-March 2019 as against Tk. 2.31 for January-March 2018. Consolidated NAV per share was Tk. 23.54 as on March 31, 2019 and Tk. 22.90 as on March 31, 2018.
2019-05-07: Board Meeting
MERCANBANK: Mercantile Bank Limited has informed that the Board Meeting of the Company will be held on May 13, 2019 at 2:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2019.
2019-01-15: Share Transmission of deceased Sponsor/Director to his successor
MERCANBANK: Mercantile Bank Ltd. has further informed that total 24,20,000 shares (22,00,000 unpledged shares and 2,20,000 bonus shares) of late Sponsor Director of the Company Mr. Md. Tabibul Huq has been transmitted to his successor Tanzina Huq (daughter of late Md. Tabibul Huq) according to the Succession Certificate issued by the Honorable Court.
2018-11-08: Completion of share Transfer outside the Trading System of Exchange
MERCANBANK: Referring to the earlier news disseminated by CSE on 17.10.2018, Mercantile Bank Securities Limited has further informed that transfer of 10,00,000 shares of Mercantile Bank Ltd. outside the trading system of the exchange from Mr. S. M. Shafiqul Islam Mamun, one of the Sponsors of Mercantile Bank Ltd. (the transferor/pledgor) to NRB Commercial Bank Ltd. (the transferee/pledgee) has been completed.
2018-10-28: Transfer Confirmation
MERCANBANK: Mr. M. Amanullah, one of the Sponsors Directors of Mercantile Bank Ltd., has further reported that he has completed his transfer of 44,00,000 shares of the Company to his son Mr. Tahrin Aman, by way of gift outside the trading system of the Exchange as announced earlier.
2018-10-28: Un-audited Financial Statements
MERCANBANK: (Quarter 3) As per the un-audited financial statements of Mercantile Bank Limited, Consolidated EPS was Tk. 0.76 for July-September, 2018 as against Tk. 0.85 (restated) for July-September, 2017; Consolidated EPS was Tk. 2.70 for January-September, 2018 as against Tk. 2.78 (restated) for January-September, 2017. Consolidated NOCFPS was Tk. 2.37 for January-September, 2018 as against Tk. 3.94 for January-September, 2017. Consolidated NAV per share was Tk. 22.07 as of September 30, 2018 and Tk. 22.08 as on September 30, 2017.
2018-10-25: Transfer Intention
MERCANBANK: Mr. M. Amanullah, one of the Sponsors Directors of the Company, has reported his intention to transfer 44,00,000 shares out of his total holding of 2,44,75,499 shares of the Company to his son Mr. Tahrin Aman, by way of gift outside the trading system of the Exchange within October 31, 2018 from the date of issuance of approval letter by DSE.
2018-10-21: Board Meeting
MERCANBANK: Mercantile Bank Limited has informed that the Board Meeting of the Company will be held on October 25, 2018 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2018.
2018-10-17: Transfer of shares outside the Trading System of the Exchange
MERCANBANK: Dhaka Stock Exchange Limited (DSE) has accorded its consent to transfer of 10,00,000 shares of Mercantile Bank Ltd. outside the trading system of the exchange from Mr. S. M. Shafiqul Islam Mamun, one of the Sponsors of Mercantile Bank Ltd. (the transferor/pledgor) to NRB Commercial Bank Ltd. (the transferee/pledgee) within October 31, 2018 under Regulation-47 of the Dhaka Stock Exchange (Listing) Regulations, 2015.
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