NCC Bank vows to be ‘progressive, socially responsible’

NCC Bank treats its clients as partners with offering maximum benefits for facilitating their business activities, the bank's top executive said.
"We're committed to meet the revolving needs of our demanding customers for ensuring sustainable growth of our bank," Golam Hafiz Ahmed, Managing Director and Chief Executive Officer (CEO) of the National Credit and Commerce (NCC) Bank Limited, told the FE in an exclusive interview Monday just a day before the bank's 23rd anniversary.
“Through our journey of 23 years, the NCC Bank take the privilege of serving  the nation as a progressive and socially responsible financial institution by bringing credit and commerce together for increased shareholders value and sustainable growth,” Mr. Ahmed explained.
"We're giving priority to both SME customers as well as corporate entities to facilitate the country's overall economic activities," Mr. Ahmed said while replying to a query.
He also said the NCC Bank is now offering short-term financing only for good performing borrowers with single digit interest rate.
The senior banker believes that good performing borrowers will dominate in the banking sector in the near future.
The NCC Bank has already strengthened capacity of IT (information technology) Division by investing in people and system including security.
"People are now much aware about security of their hard earned money and look for a place that offers that security," the CEO observed.
The senior banker talked about the latest situation in the country's banking sector, saying that rising trend of non-performing loans (NPLs) is the main challenge of the banking sector.
"The NPLs issue and default culture is hampering the country's overall economic growth in the long run."  
He also recommended that authorities concerned will have to take necessary measures immediately for reducing the volume of NPLs. "The banks will have to its recover efforts and increasing capacity of their special assets divisions.
The country's banking sector is now very much matured and customer oriented, according to the CEO.
"With the active initiatives of the central bank of Bangladesh and other regulatory bodies, banks are now more regulated in their operations and working in a technology based environment," he noted.
He also said this enabled the banks to satisfy the people at large promptly ensuring their satisfaction.
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