Loan agreement signed between NCC Bank Securities and ICB

A loan agreement has recently been signed between NCC Bank Securities and Financial Services Limited (NCCB Securities), a subsidiary company of NCC Bank, and the Investment Corporation of Bangladesh (ICB), under which ICB has approved a loan of Tk. 250 million for NCCB Securities to invest in its own portfolio.

This loan facility will play an important role in maintaining capital market stability by facilitating investment in NCCB Securities' own portfolio, according to a press release. 

The agreement was signed and exchanged on behalf of their respective organizations by ICB's Managing Director Niranjan Chandra Debnath, and NCC Bank's Managing Director and Director of NCCB Securities, M. Shamsul Arefin, at a ceremony held at ICB's head office in Motijheel, Dhaka.

Also present at the ceremony were ICB's Deputy Managing Director Md. Nurul Huda; General Manager Md. Habib Ullah and Deputy General Manager Babul Chandra Debnath; NCCB Securities' Chief Executive Officer Ahsanul Arefin, and FAVP Mohammad Delwar Hossain.

Speaking at the ceremony, ICB Managing Director Niranjan Chandra Debnath said, "ICB has always been committed to supporting the capital market, strengthening financial institutions, and maintaining a stable investment environment in the country. This loan facility reflects our continued commitment to capital market protection and ensuring the smooth financial operations of market intermediary institutions. This agreement is not just a financial transaction—it is a symbol of mutual trust, cooperation, and our joint commitment to building a stronger and more sustainable capital market."

NCC Bank's Managing Director and Director of NCCB Securities, M. Shamsul Arefin, said, "We highly value our long-term relationship with ICB—which has been playing a significant role in the development and stability of the country's capital market. Today's collaboration is an expression of mutual trust and a joint commitment to responsibly strengthening and stabilizing the capital market. NCC Bank is committed to financial transparency and corporate governance. This agreement will not only further strengthen our relationship but also pave the way for new strategic collaborations with ICB in the future."