TO THE ORDER MERCANTILE BANK LIMITE

Business Type: Financial Institution / Commercial Bank (Neither a Factory nor a Trading Company)

Introduction:

The phrase To the Order of Mercantile Bank Limited does not represent a manufacturing factory or a trading company. Instead, it is a standard financial and legal designation used on international shipping documents, such as Bills of Lading, representing Mercantile Bank PLC, a prominent commercial bank in Bangladesh.

Established in 1999 and headquartered in Dhaka, Bangladesh, Mercantile Bank PLC is a leading private commercial bank. It provides a wide array of financial services, including retail banking, corporate banking, SME financing, treasury operations, and international trade services.

Role in International Trade:

In global trade transactions, when cargo is consigned To the Order of Mercantile Bank Limited, the bank acts as a financial intermediary. The bank issues Letters of Credit (L/C) on behalf of Bangladeshi importers and holds the legal title to the imported goods as security until the importer settles the payment. Therefore, the bank does not manufacture or trade goods directly; its role is strictly to facilitate and secure trade financing.

Mercantile Bank Limited, being a financial institution, does not manufacture or sell physical products. Instead, it provides a range of financial products and services.

The products and services offered by Mercantile Bank Limited include:

Deposit Products

Savings Accounts

Current Accounts

Fixed Deposit Receipts

Special Notice Deposit Accounts

Monthly Savings Schemes

Millionaire Deposit Schemes

Pensioner Savings Schemes

Education Savings Schemes

Hajj Savings Schemes

Marriage Savings Schemes

Foreign Currency Accounts

Loan Products

Personal Loans

Home Loans

Auto Loans

SME Loans

Agricultural Loans

Industrial Loans

Project Finance

Working Capital Loans

Trade Finance

Overdraft Facilities

Credit Cards

Trade Finance Services

Letters of Credit Issuance

Bills for Collection

Export Bill Negotiation

Import Financing

Foreign Exchange Services

Foreign Currency Exchange

Remittance Services

SWIFT Transfers

FCY Drafts

Digital Banking Services

Internet Banking

Mobile Banking App

SMS Banking

ATM Services

POS Services

Other Services

Locker Services

Bank Guarantees

Pay Orders

Demand Drafts

Treasury Services

Custodial Services

Agent Banking Services