The Dhaka Mercantile Co-operative Bank Limited [DMCBL] is an Islamic Shariah based co-operative bank in Bangladesh. Dhaka Mercantile Co-operative Bank was established on 6th January, 1973 under the Cooperative Society Act & Rules of Bangladesh. For DMCBL, the words "Society" and "Bank" have become synonymous/ As is the case for DMCBL, the words "Society" and "Bank" have become synonymous. In 2001, Group Captain Abu Zafar Chowdhury (Retd.) GD(P) Psc. resurrected the operation with the vision of a poverty-free Bangladesh.
DMCBL is a Specialized Development Co-operative Financial Institution in Bangladesh, offering retail and commercial banking under a co-operative theme. DMCBL provides collateral-free credit, investment to the businesses that are legal entities and their entrepreneurs are able, well-informed, success-motivated, and has good understanding of their business, and has a good, acceptable social reputation within the community.
The Dhaka Mercantile Co-operative Bank Limited is the largest Co-operative under the supervision of the Co-operative Department of Ministry of L.G.R.D Bangladesh. This institution has been audited annually by the Co-operative Department of the Government. In addition to a governmental audit, DMCBL internally appoints S.F Ahmed & Company, Chartered Accountants to scrutinize the bank's financial standing/ strength and depth, as well as advice on necessary measures and practices so as to comply to the internationally accepted standards of accounting and book-keeping. Hiring an external company to do internal audits also satisfies significant stake holder and legislative needs and rules.
The Dhaka Mercantile Co-operative Bank Limited has over 120 branches with over 2500 energetic and enthusiastic staff that thrive towards excellent service, sustainable profitability, and an overall socially responsible financial institution.
DMCBL emanates its strength from its highly acclaimed management, strong customer focus and relationships built on integrity, superior service and mutual benefit.