Introduction
Banks operates most effectively to settle any transactions within different countries either trade purposes or personal purposes. I examine different aspects foreign exchanges innovation, development, regulations and related work papers to identify its impact, position and usefulness as banking procedures. The theoretical aspects related to international trade and foreign exchange transactions as well as gives idea about foreign exchange regulations used in Bangladesh to control related financial institutions. This study also tries to clarify the operating procedures of foreign exchange department of MBL as a commercial bank and also tries to identify some aspects of further improvement in operations. It may help us to provide a scenario of foreign exchange control system in Bangladesh and foreign exchange transitions procedures applied in Bangladeshi commercial banks.Mercantile Bank Limited is unique in its objectives. It is a blend of development and commercial banks. I include various points inside the report to highlight the foreign exchange performance of Mercantile Bank Limited.
Background of Mercantile Bank Limited
Mercantile Bank Limited emerged as a new commercial bank to provide efficient banking services and to contribute socio-economic development of the country. The Bank commenced its operation on June 2, 1999.
The Authorized Capital of the Bank is Tk. 3000 million and the Paid -up Capital is Tk. 1199.12 million.
The Bank provides a broad range of financial services to its customers and corporate clients. The Board of Directors consists of eminent personalities from the realm of commerce and industries of the country.
The Bank is manned and managed by qualified and efficient professionals. Mr. Shah Md. Nurul Alam is the Managing Director and CEO of the bank. He brings with him a wealth of experience of managing private sector banks in the country.
| Main Branch | |
| Address: | 61, Dilkusha Commercial Area Dhaka-1000, Bangladesh |
| Telephone: | 880-2-9559333,0171-535960 |
| Fax: | 880-2-9561213 |
| Telex: | 642480 MBLMB BI |
| SWIFT: | MBLBBDDH |
| Dhanmondi Branch | |
| Address: | House No.2/1, Road No.28(Old) Flat No.G-1, Dhanmondi R/A, Cosmos Tower, Dhaka-1205 Bangladesh. |
| Telephone: | 880-2-9130500 |
| Fax: | 880-2-8126768 |
| Telex: | 642529 MBLDN BJ |
| SWIFT: | MBLBBDDH006 |
| Kawran Bazar Branch | |
| Address: | 99, Kazi Nazrul Islam Avenue Kawran Bazar C/A, Tejgaon Dhaka-1215, Bangladesh |
| Telephone: | 880-2-8112440 |
| Fax: | 880-2-8126882 |
| Telex: | 642438 MBLKB BJ |
| SWIFT: | MBLBBDDH002 |
| Nayabazar Branch | |
| Address: | 25/1, Zinda Bahar (1st Lane) Nayabazar, Dhaka-1100 Bangladesh |
| Telephone: | 880-2-7393827 |
| Fax: | 880-2-7390869 |
| Telex: | 632164MBLNB BJ |
| SWIFT: | MBLBBDDH011 |
| Satmosjid Road Branch | |
| Address: | House No.735 (Old) ,82/A(New) Satmosjid Road Dhanmondi Residential Area. Dhaka-1209, Bangladesh. |
| Telephone: | 880-2-8112463 |
| Fax: | 880-173-039792 |
| Banani Branch | |
| Address: | Plot No.34, Awal Centre Kemal Ataturk Avenue, Banani Dhaka-1213, Bangladesh |
| Telephone: | 880-2-8816473,880-2-8816474 |
| Fax: | 880-2-8827807 |
| Telex: | 632123 MBLBN BJ |
| SWIFT: | MBLBBDDH007 |
| Mohakhali Branch | |
| Address: | Red Cresent Concord Tower 17, Mohakhali Commercial Area Dhaka-1212, Bangladesh |
| Telephone: | 880-2-9888346, 9891520 |
| Fax: | 880-171-535957 |
| Telex: | 880-2-9895797 |
| SWIFT: | MBLBBDDH012 |
| Mirpur Branch | |
| Address: | Razia Plaza (1st Floor) 184, Senpara Parbata Mirpur-10 Dhaka-1216, Bangladesh |
| Telephone: | 880-2-9008852 |
| Fax: | 880-2-9014582 |
| SWIFT: | MBLBBDDH015 |
| Ashulia Branch | |
| Address: | Byuiyan Complex Jamgora Bazar Ashulia, Savar Dhaka, Bangladesh |
| Telephone: | 880-171-535948 |
| Uttara Branch | |
| Address: | House No.10A, Road No.7D Sector No.9 Uttara Model Town Uttara, Dhaka-1230, Bangladesh |
| Telephone: | 880-2-8955879 |
| Fax: | 880-2-8955881 |
| Elephant Road Branch | |
| Address: | Osman Plaza 75, Elephant Road, Dhaka-1205 Bangladesh |
| Telephone: | 880-2-8618732, 9677364 |
| Fax: | 880-2-9669458 |
| Mobile: | 880-173-044832 |
| SWIFT: | MBLBBDDH014 |
| Motijheel Branch | |
| Address: | Malek Manson (Ground Floor) 128, Motijheel Commercial Area Dhaka-1000 Bangladesh |
| Telephone: | 880-2-7161923-4 |
| Fax: | 880-2-7161925 |
| Telex: | 880-171-535958 |
| SWIFT: | MBLBBDDH013 |
| Gulshan Branch | |
| Address: | 54A Gulshan Avenue Gulshan Dhaka Bangladesh |
| Telephone: | 880-2-8835276,880-2-8835277 |
| Hemayetpur Branch | |
| Address: | Hatim Ali Complex Vill. Hemayetpur, P.O. Hemayetpur P.S. Savar Dhaka Bangladesh |
| Mobile: | 880-1713452995 |
| Bijoynagar Branch | |
| Address: | Kaizuddin Town 176 Shaheed Syed Nazrul Islam Sarani (New) 47 Bijoynagar (Old) P.S. Paltan Dhaka-1000 Bangladesh |
| Telephone: | 880-2-8333048 |
| Mogh Bazar Branch | |
| Address: | 227 (New),331 (Old) Outer Circular Road (First Floor) Baro Moghbazar Dhaka-1217 Bangladesh |
| Joypara Branch | |
| Address: | Samabay Super Market Joypara Bazar, Dohar Dhaka, Bangladesh |
| Telephone: | 880-6223-87049 |
| Konabari Branch | |
| Address: | Konabari Bazar Gazipur Bangladesh |
| Telephone: | 880-2-9298484 & 9298485 |
| Mobile: | 880-173044846 |
| Board Bazar Branch | |
| Address: | Plot No.651/652 Board Bazar Joydevpur, Gazipur, Bangladesh |
| Telephone: | 880-2-9804435 |
| Fax: | 880-2-9810152 |
| Khulna Branch | |
| Address: | Rupsha Plaza 73, KDA Avenue Commercial Area Sonadanga, Khulna Bangladesh |
| Telephone: | 880-41-813561-62 |
| Fax: | 880-41-813563 |
| Feni Branch | |
| Address: | 105 (New) S S Kaiser Road, 26/3 (Old) Panchgachia Road Feni Town, Feni Bangladesh |
| Telephone: | 880-3316-3558,880-3316-3559 |
| Chowmuhani Branch | |
| Address: | Karimpur Road Chowmuhani Noakhali Bangladesh |
| Telephone: | 880-321-52960 & 52966 |
| Mobile: | 880-173036991 |
| Agrabad Branch | |
| Address: | 39, Agrabad Commercial Area Hotel Hawai Building Agrabad, Chittagong, Bangladesh |
| Telephone: | 880-31-716421 |
| Fax: | 880-31-716459 |
| Telex: | 633134 MBLAG BJ |
| SWIFT: | MBLBBDDH003 |
| Khatungonj Branch | |
| Address: | 599,Ramjoy Mohajan Lane Khatungong, Chittagong Bangladesh. |
| Telephone: | 880-31- 622751 |
| Fax: | 880-31-635514 |
| SWIFT: | MBLBBDDH010 |
| Jubilee Road Branch | |
| Address: | Kamal Chamber (2nd Floor) 61, Jubilee Road Kotwali, Chittagong, Bangladesh |
| Telephone: | 880-31-626072 |
| Mobile: | 880-171-724874 |
| SWIFT: | MBLBBDDH016 |
| Madam Bibir Hat Branch | |
| Address: | Bhatiary, Shitakund Chittagong Bangladesh |
| Mobile: | 880-173-103107 |
| O R Nizam Road Branch | |
| Address: | Commercial View Complex 191, C D A Avenue East Nasirabad, Medical College Panchlaish, Chittagong Bangladesh |
| Mobile: | 880-173-103663 |
| Jhilongja Branch | |
| Address: | Hotel Sea Palace Kalatoli Road Cox’s Bazar Bangladesh |
| Telephone: | 880-341-62294 |
| Mobile: | 880-173-103662 |
| Rajshahi Branch | |
| Address: | ZODIAC Building (First floor) 88 Gonok Para Saheb Bazar,Zero Point P.O. Ghoramara P.S. Boalia Rajshahi-6100 Bangladesh |
| Telephone: | 880-721-771214-15 |
| Mobile: | 0171-836685 |
| Moulvi Bazar Branch | |
| Address: | Chowmuhona Court Road P.S. and Dist. Moulvibazar Bangladesh |
| Telephone: | 086162871-3 |
| Sylhet Branch | |
| Address: | Laldigirpar Sylhet, Bangladesh |
| Telephone: | 880-821-723650-51 |
| Fax: | 880-821-723722 |
| Bogra Branch | |
| Address: | Barogola Road Bogra Bangladesh |
| Telephone: | 880-51-69190 & 69840 |
| Mobile: | 880-173044835 |
| Naogaon Branch | |
| Address: | Chakdev, Naogaon. Bangladesh |
| Telephone: | 880-741-53331 |
| Fax: | 880-741-53330 |
| Sapahar Branch | |
| Address: | Village and P.O. : Sapahar Union : Sapahar P.S : Sapahar District : Naogao |
| Rangpur Branch | |
| Address: | Press Club Complex Station Road Kotwali, Rangpur Bangladesh |
| Telephone: | 880-521-51299 & 51323 |
| Fax: | 880-521-51110 |
| Mobile: | 880-173-201636 |
Conclusion:
Bank is the most common type financial intermediary in today globalize world. Banks play important constructive role in the economy. Banking sectors of Bangladesh quite positively contributing to its economy. In todays globalize world it’s impossible to stay without transacting among two countries i.e. foreign trade and banks are the only safe way transacting international transactions. The different nationalized and privatized banks are providing services among them foreign exchange services are important for globalize transactions. As a commercial bank of our country Mercantile Bank Limited providing different services along with foreign exchange services. MBL is trying to establish is a stable position in competitive market and providing positive contribution to economy through different services as well as foreign exchange services. MBL foreign exchange department facilities not only induce export-import and private transactions but also help to encourage economic development of Bangladesh. The new mode of advanced facilities will be enforced in future by Mercantile Bank Limited for improving service quality
