NCC Bank enjoys ‘sound financial position’

NCC Bank Ltd, a second generation private commercial bank (PCB) turns 25 today (Thursday) aiming to broaden its services among the teeming millions across the country.
The second generation PCB began its journey with 16 branches on May 17, 1993.
"During the initial years, we were shy to be exposed widely and only remained committed to our operation, but with the passing of time, we are now matured enough as far as financial strength and branding of our image are concerned, " managing director & CEO of the bank, Mosleh Uddin Ahmed told the FE.
He said the bank now enjoys a solid financial position underpinned by a prudent and diligent business strategy.
"We remained unhurt during the recent financial turmoil just because of our rock-solid financial strength," Mr Mosleh Uddin Ahmed asserted.
He said the bank has no provision shortfall and has been able to pay cash dividend to its shareholders for the last three years.
The bank paid 12.75 per cent cash dividend in 2015, 16 per cent in 2016 and 13 per cent in 2017.
He said the bank's exposure is now at par with the leading PCBs of the country and it is a real achievement of NCC Bank in the last 25 years.
"We want to be more pro-active to the common businessmen and traders so that financial inclusion gets a real boost and our unfeigned commitment will make us one of the top banks in compliance by 2019," the NCC Bank MD said.
He said NCC Bank has already signed an agreement with Standard & Poor's to assess the ranking of the bank.
"We hope we will get a good result from a globally reputed company like S & P," he added.
Moreover, NCC Bank is seeking a strategic partnership with an internationally reputed company.
"Such a strategic partnership with a globally famous company will raise our credibility and prestige and no doubt, our capital-base will be strengthened further," Mr Mosleh Uddin Ahmed said.
NCC Bank started commercial banking operations converted from an investment company 'National Credit Limited' with 16 branches and currently operates through 111 branches.

[email protected]