Monday, 24th June, 2024
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NCC Bank’s 9th EGM held

National Credit and Commerce Bank Ltd has held its 9th Extraordinary General Meeting (EGM) through digital platform in Dhaka on Monday (18/01/2021), says a press release.

To comply with the condition of Bangladesh Bank regarding issuances of NCC Bank Perpetual Bond worth of Tk. 500 crore, the
Hon’ble Members of the Bank accorded their approval for conversion of required amount from said bond in due course.

Chairman of NCC Bank S. M. Abu Mohsin presided over the meeting while Vice-Chairman Md. Abul Bashar, Director and Chairman of the Executive Committee Engineer Abdus Salam, Director and Chairman of the Risk Management Committee Md. Nurun Newaz Salim, Director’s of the Bank Md. Abdul Awal, Sohela Hossain, Khairul Alam Chaklader, Tanzina Ali, Mohammed Sazzad Un Newaz, Independent Director and Chairman of the Audit Committee Nurul Islam Chowdhury, FCA, Managing Director and CEO Mohammad Mamdudur Rashid, EVP and Company Secretary Md. Monirul Alam and a huge number of Shareholders were also present in the EGM.

Chairman of the bank S. M. Abu Mohsin in his speech highlighted the Bank’s business progress and said that, at present Shareholders equity, total Assets and EPS etc increasing gradually on the other hand Cost of Fund and Net Classified loans are decreasing. As a result, our progress reflects in Credit Ratings and also in CAMELS Rating.

He said the NCC Bank has been continuously maintaining positive growth by ensuring transparency and accountability as well as using advance technology and better customer services which will also be continued in the future.

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