Mercantile Credit Bank
| Company type | Private company |
|---|---|
| Industry | Financial services |
| Founded | 1981 and commenced operations 1986 |
| Headquarters | , |
Key people | Ambassador Stephen Nabeta (chairman), Mr. Paul Senyomo (managing director) |
| Products | Loans, Savings, investments, Leases, Foreign currency trading |
| Revenue | Aftertax:US$68,750+ (UGX:174 million) (2012) |
| Total assets | US$9.9 million (UGX:25 billion) (2012) |
| Website | mcb |
Mercantile Credit Bank (MCB), was a Ugandan tier II financial institution licensed by the Bank of Uganda, the national banking regulator.
MCB was classified as "credit institution", one of only four such institutions in this class of financial service providers in the country.
As of December 2011, the bank's total assets exceeded US$6.6 million (UGX:16.5 billion), with shareholders' equity of approximately US$1.6 million (UGX:4 billion). In December 2012, the total assets were estimated at US$9.9 million (UGX:25 billion) following its growth in operations.