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National Credit and Commerce Bank

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NCC Bank PLC.
Founded1985
Headquarters
Dhaka
,
Bangladesh
Key people
  • Md. Abul Bashar (Chairman)
  • Mrs. Sohela Hossain (Vice 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

[edit]

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]work

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] In 5 September 2021, Md Abul Bashar was elected chairman of NCC Bank.[15]

In August 2022, the NCC Bank Limited five billion BDT with a aim meet the requirements of Tier 2 of Basel III.[16] Md Abul Bashar was re-elected chairman of the bank in September.[17]

Board of directors

[edit]
Name Designation Reference
Md. Abul Bashar Chairman [18]
Sohela Hossain Vice-Chairman [18]
A.S.M. Mainuddin Monem Director [18]
Abdul Awal Director [18]
Abdus Salam Director [18]
Md. Nurun Newaz 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

[edit]
  1. ^ a b c "National Credit and Commerce Bank Limited". Banglapedia. Retrieved 2016-05-09.
  2. ^ "NCC Bank diversifies activities". The Financial Express. Dhaka. 2007-08-27. Retrieved 2013-04-03.
  3. ^ "NCC Bank gets new DMD". The Daily Star. 2015-06-09. Retrieved 2016-05-09.
  4. ^ "NCC Bank aspires to be at the top". The Daily Star. 2015-05-18. Retrieved 2016-05-09.
  5. ^ "NCC Bank gets new chair, vice-chair". The Daily Star. 2015-07-28. Retrieved 2016-05-09.
  6. ^ "Chairman, vice chairman of NCC Bank re-elected". The Daily Star. 2008-06-15. Retrieved 2023-03-25.
  7. ^ "Ex-NCC bank officer held for embezzling Tk 8.98cr". The Daily Star. 2015-09-04. Retrieved 2023-03-25.
  8. ^ "Mosleh Uddin NCC Bank MD". The Daily Star. 2017-08-07. Retrieved 2023-03-25.
  9. ^ "New chairman for NCC Bank". The Daily Star. 2017-08-02. Retrieved 2023-03-25.
  10. ^ a b "NCC Bank board to discuss CEO's 'abnormal' deposits". The Daily Star. 2019-05-07. Retrieved 2023-03-25.
  11. ^ "NCC Bank MD asked to explain abnormal deposits". The Daily Star. 2019-05-09. Retrieved 2023-03-25.
  12. ^ a b Rahman, Sajjadur (2019-06-22). "Three banks hit by cyberattacks". The Daily Star. Retrieved 2023-03-25.
  13. ^ "NCC Bank re-elects chairman". The Daily Star. 2019-09-15. Retrieved 2023-03-25.
  14. ^ "NCC Bank gets new MD". The Daily Star. 2020-12-30. Retrieved 2023-03-25.
  15. ^ "NCC Bank gets new chairman, vice-chairman". The Daily Star. 2021-09-05. Retrieved 2023-03-25.
  16. ^ "NCC Bank to issue Tk500 crore bond". The Daily Star. 2022-08-10. Retrieved 2023-03-25.
  17. ^ "NCC Bank gets chairman, vice-chairman". The Daily Star. 2022-09-04. Retrieved 2023-03-25.
  18. ^ a b c d e f g h i j k l m "BOARD OF DIRECTORS". NCC Bank Limited. Retrieved 25 March 2023.
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Official website


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