Credit management of Mercantile Bank Limited

Abstract

This report is basis on ‘Credit Management of Mercantile Bank Limited’ which is prepared from experience of working in Credit Department at MBL. Now-a-days, Banks and Financial Institutions are becoming very competitive and various kinds of services and products provided by financial institution are increasing with rapid growth. People need money to accommodate their livelihoods as well as updating with the present world of living, therefore people take ‘Credit/Loan’ from the bank anytime during life. This report focuses on different credit facilities provided by Mercantile Bank Limited and its overall procedure of lending. With the clear mission to provide efficient banking services and to contribute socio-economic development of the country, Mercantile Bank Ltd emerged as a new commercial bank and inaugurated its operation on 2nd June, 1999. The bank stood 86 branches all over the country upto 2012. There are 30 sponsors involved in creating Mercantile Bank Limited. The sponsors of the bank have a long heritage of trade, commerce and industry. They are highly regarded for their entrepreneurial competence. The one of principle target of MBL is to make credits available to the poor people & their activities are aimed at multifaceted growth where people from all economic strata will enjoy the benefits of better living standard, dignity of labor and self worth. The major task for a bank is to survive in the competitive environment of credit service by managing its assets and liabilities in an efficient way. And Mercantile Bank Limited manages the assets and liabilities in effective way and earns success and prosperity consistently. It operates in a disciplined and prudent manner with a focus on driving productivity initiatives with delivering sustainable improvements in business performance.