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Different Books Of Account Of Mercantile Bank Ltd

909 words - 4 pages

BANK PROFILE

Mercantile Bank Limited (MBL) is a second generation commercial bank with 42 online branches across major cities in Bangladesh and 1115 full time employees on year end 2008. It offers full range of commercial banking products and services to the corporate, mid-market and retail segment. Under the corporate banking segments the Bank has comprehensive range of financial products including corporate deposit accounts, syndicated financing, term loan, project finance, export-import financing, working capital and other finance, bonds and guarantees, investment and business counseling, infrastructure finance, cash management services etc. With urban banking focus, the Bank is ...view middle of the document...

are stated in this part of our report.

One thing to note that the data and classified information presented here are collected from directly MBLs website and their personal books of account.
BALANCE SHEET
As at December 31, 2008

OFF-BALANCE SHEET ITEMS
As at December 31, 2008

PROFIT AND LOSS ACOOUNT
For the year ended December 31, 2008

CASH FLOW STATEMENT
For the year ended December 31, 2008

STATEMENT OF CHANGES IN EQUITY
For the year ended December 31, 2008

LIQUIDITY STATEMENT ASSETS AND LIABILITY MATURITY ANALYSIS
as at December 31, 2008

COMPLIANCE OF BANGLADESH ACCOUNTING STANDARDS (BAS) AND BANGLADESH FINANCIAL REPORTING STANDARDS (BFRS)

Financial Performance of the Bank:

Mercantile Bank Limited has made a staggering 37.72 percent growth in Operating Profit in 2008 to BDT 2831 million largely backed by a quantum growth of Net Interest Income (NII). Further analysis of Operating Profit 2008 reveals that MBL has been able to arrest the falling trend of Net Interest Income (NII) successfully in 2008 by managing balance sheet properly. This improvement once again reinforces the fact that MBL is clearly on the right track of solidifying its growth potential despite having lower investment income than expected. A usual growth of Brokerage and Commission Income and a comfortable growth of other operating income to the tune of BDT 333 million have outweighed the apparent shrinkage (negative growth) of investment income.

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Provision for loans and advances has increased very little by 3 percent in 2008 (BDT 578 M vs. 563 M) causing a positive growth of Profit after Tax by 13.95 percent to 615.88M...

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