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Mercantile Bank launches seven new cards

Agriculture and SME sector will get priority

FE Report | June 02, 2022 00:00:00

Mercantile Bank Limited, on the occasion of its 23rd anniversary, organised a press conference at its Head Office in Dhaka on Wednesday. Chairman of the bank Morshed Alam, MP, launched 7 new card services for the customers as the chief guest. Md. Quamrul Islam Chowdhury, Managing Director & CEO of the bank, was also present on the occasion.

Mercantile Bank Limited Wednesday launched seven new card services for the customers.

MBL Chairman Morshed Alam, MP inaugurated the cards at a press conference at MBL head office in city on the occasion of its 23rd anniversary.

Highlighting the bank's significant achievements over the last years, MBL Chairman focused on future action plans.

He stated that Mercantile Bank has strengthened its position by the concerted efforts from board of directors, management and the employees despite Covid-19 pandemic.

Mercantile Bank will dedicate its 'endless endeavour' to build new industries, develop the SME sector and encourage the unemployed and underprivileged youths and women in entrepreneurship from the remote areas of the country, Mr Alam said at the press meet.

Md. Quamrul Islam Chowdhury, Managing Director and CEO of the bank, delivered his welcome speech summarizing the success and limitations of the previous year.

He said 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," he said.

Moreover, Mr Chowdhury said digital banking services will be easier and smarter with the innovative products in the coming days, MBL CEO added.

A.S.M. Feroz Alam, Vice Chairman; Al-Haj Akram Hossain (Humayun), M. A. Khan Belal and Mohammad Abdul Awal, Directors, were present on the occasion.

Among the newly launched card services, there are three Taqwa Islamic credit cards: Taqwa Debit Card, Taqwa Gold Credit, Taqwa Platinum Credit.

On the other hand, there are four 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, MBL officials said at the press meet.

Taqwa Islami credit cards are designed to meet the customer's 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 Adil Raihan, Shamim Ahmed, Hasne Alam and Md. Mahmood Alam Chowdhury, CFO Tapash Chandra Paul along with other senior officials of the bank, were present at the press conference.

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