Mercantile Bank Limited (MBL) has recently signed an agreement with Moody’s at the head office of the bank in the capital, the bank said in a press statement.

Under the agreement, Moody’s, a renowned international Credit Rating Agency, will conduct the credit rating of MBL on the basis of audited financials of December 31, 2017.

Kazi Masihur Rahman, managing director and CEO of the bank, along with Quamrul Islam Chowdhury, additional managing director and CBO, Mati Ul Hasan, additional managing director, and other high officials of Mercantile Bank Limited were present in the ceremony.