National Credit and Commerce Bank

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NCC Bank PLC.
Founded1985
Headquarters
Dhaka
,
Bangladesh
Key people
  • Md. Nurun Newaz (Chairman)
  • M. Shamsul Arefin (Managing Director and CEO)
Websitenccbank.com.bd

NCC Bank PLC. or National Credit and Commerce Bank PLC.[1] is a Bangladeshi private commercial bank.[2][3][4] Mr. M. Shamsul Arefin is the present managing director and CEO of the bank.[5]

History

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NCC Bank was founded in 1985 as an investment company in the name of NCL (National Credit Limited).[1] It became a scheduled commercial bank after receiving permission from the central bank in 1993 and started with a paid up capital of Tk. 390 million.[1]

In June 2008, Tofazzal Hossain was elected chairman of NCC Bank.[6]

In September 2015, the Rapid Action Battalion arrested an employee of NCC Bank for embezzling 89.8 million BDT from remittance.[7]

In August 2017, Mosleh Uddin Ahmed was appointed CEO and managing director of NCC Bank.[8] Md Nurun Newaz Salim, chairman of Electro Mart Limited and Central Insurance Company Limited, was elected chairman of NCC Bank.[9]

In May 2019, a Bangladesh Financial Intelligence Unit investigation found Mosleh Uddin Ahmed, managing director of NCC Bank, had abnormal bank deposits.[10] The board of directors of the bank decided to have a meeting over the issue and sought an explanation from Ahmed.[10][11] Three financial banks, Dutch Bangla Bank Limited, NCC Bank Limited, and Prime Bank, were victims of cyberattacks in May.[12] Dutch Bangla Bank Limited lost three million USD to the hackers, while the other banks maintained that they did not lose any money.[12] Md Nurun Newaz Salim was re-elected chairman of NCC Bank.[13]

On 30 December 2020, Mohammad Mamdudur Rashid was appointed managing director of NCC Bank.[14] On 5 September 2021, Md Abul Bashar was elected chairman of NCC Bank.[15]

In August 2022, the bank approved issuance of a five billion BDT bond with the aim of meeting the Tier 2 capital requirements of Basel III.[16]

In October 2024, Alhaj Md. Nurun Newaz was elected chairman of the bank.[17]

Board of directors

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Name Designation Reference
Md. Nurun Newaz Chairman [18]
Sohela Hossain Director [18]
Abdus Salam Director [18]
Amjadul Ferdous Chowdhury Director [18]
S.M. Abu Mohsin Director [18]
Tanzina Ali Director [18]
Khairul Alam Chaklader Director [18]
Md. Moinuddin Director [18]
Mohammed Sazzad Un Newaz Director [18]
Mr. M. Shamsul Arefin CEO and Managing Director [18]

References

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[edit | edit source]

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