NCC Bank holds 39th Annual General Meeting

National Credit and Commerce Bank PLC has approved a 12 per cent Cash dividend for the year 2023 at its 39^th Annual General Meeting (AGM) held on a virtual platform on Thursday.

Chairman of NCC Bank Md Abul Bashar presided over the meeting, according to a media release. 

Vice-Chairman Mrs Sohela Hossain, Director & Past Chairman Md Abdul Awal, Past Chairman & Chairman of the Risk Management Committee Alhaj Md Nurun Newaz, Director & Past Vice-Chairman Tanzina Ali, Director Syed Asif Nizamuddin, Director & Past Vice Chairman Khairul Alam Chaklader, Director Md Moinuddin, Director Mohammed Sazzad Un Newaz, Independent Director & Chairman of the Audit Committee Md Obayed Ullah Al Masud, Independent Director Meer Sajed-Ul-Basher FCA, Past Chairman S M Abu Mohsin, Managing Director & CEO M Shamsul Arefin and DMD & Company Secretary Md Monirul Alam along with a large number of Shareholders joined the AGM virtually.

The Audited Financial Statements of the bank for the year ended on December 31, 2023, along with the Auditors’ report thereon and Directors' report were placed before the Shareholders at the AGM and duly approved by them with majority votes.

Chairman of the bank Md Abul Bashar highlighted the business progress and said that the Shareholders' equity, and total assets of the NCC Bank are increasing gradually which is reflected in the Credit Ratings and CAMELS Rating of the bank.

He said that instead of achieving aggressive growth we are focusing on maintaining asset quality, increasing low-cost - no cost deposit, reducing the cost of funds, and increasing other commission-based business.

He added that NCC Bank continuously maintains positive growth by assuring transparency and accountability as well as using advanced technology and ensuring better customer services which will continue in the future also.