Mercantile Bank (DHA:MERCANBANK) Tax Rate % : 15.43% (As of Sep. 2023)

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What is Mercantile Bank Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Mercantile Bank's Tax Expense for the three months ended in Sep. 2023 was BDT157 Mil. Mercantile Bank's Pre-Tax Income for the three months ended in Sep. 2023 was BDT1,021 Mil. Therefore, Mercantile Bank's Tax Rate % for the quarter that ended in Sep. 2023 was 15.43%.

Mercantile Bank Tax Rate % Historical Data

The historical data trend for Mercantile Bank's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mercantile Bank Tax Rate % Chart

Mercantile Bank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Tax Rate %

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31.77

37.39

20.55

19.22

26.17

Mercantile Bank Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Tax Rate %	Get a 7-Day Free Trial															18.26	2.62	31.01	6.01	15.43

Mercantile Bank Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Mercantile Bank's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2022 )	/	Pre-Tax Income (A: Dec. 2022 )
	=	834.203	/	3187.953
	=	26.17 %

Mercantile Bank's Tax Rate % for the quarter that ended in Sep. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2023 )	/	Pre-Tax Income (Q: Sep. 2023 )
	=	157.484	/	1020.516
	=	15.43 %

Mercantile Bank Tax Rate % Related Terms

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Mercantile Bank (DHA:MERCANBANK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mercantile Bank PLC (DHA:MERCANBANK) » Definitions » Tax Rate %

Traded in Other Exchanges

N/A

Address

61, Dilkusha Commercial Area, Dhaka, BGD, 1000

Website

https://www.mblbd.com

Mercantile Bank PLC is a commercial bank that engages in providing banking and financial services. It offers a range of services such as SME financing, Retail Banking, Corporate Banking, Foreign Trade, NRB banking, Treasury instruments services, and E-banking, among others. Its operating segments comprise Commercial Banking including Off-shore Banking Units, Islamic Banking Window Operations, Mercantile Bank Securities Limited; MBL Assets Managements Limited, and Mercantile Exchange House (UK) Ltd.

Mercantile Bank (DHA:MERCANBANK) Headlines

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