Mercantile Bank credit ratings completed

Credit rating of mercantile banks listed in the capital market has been completed. The credit rating of the company was completed by Credit Rating Information and Services Limited.

This information is known from DSE sources.

It is reported that Mercantile Bank has long-term rating of “AA” and short-term rating of “ST-2”. This rating has been determined according to the information of Mercantile Bank’s audited and unaudited financial reports for the period ended December 31, 2022 and March 30, 2023.

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