NCC Bank approves 10pc dividend

National Credit and Commerce Bank Ltd has approved a 10 per cent dividend (5 per cent cash + 5 per cent stock) for the year 2022. The approval was given in the bank's 38th annual general meeting (AGM) held virtually on Thursday, said a statement.

Chairman of NCC Bank Md Abul Bashar presided over the meeting.

Vice-Chairman Sohela Hossain, Director & former Chairman Md Abdul Awal, Director & former Chairman Abdus Salam, former Chairman & incumbent Chairman of the Risk Management Committee Md Nurun Newaz, former Chairman & current Chairman of the Executive Committee SM Abu Mohsin, Director & Past Vice Chairman Khairul Alam Chaklader, Director Md Moinuddin, Director Mohammed Sazzad Un Newaz, Independent Director Md Obayed Ullah Al Masud, Managing Director & CEO Mohammad Mamdudur Rashid and Company Secretary Md Monirul Alam along with a large number of shareholders joined the AGM.

The audited financial statements of the bank for the year ended on December 31, 2022, along with the auditors' report thereon and directors' report were placed before the Shareholders at the AGM and were duly approved by them with majority votes.

Chairman of the bank Md. Abul Bashar highlighted the business progress and said that the shareholders' equity, total assets, EPS of the NCC Bank are increasing gradually which is reflected in credit ratings and also in CAMELS Rating of the bank.

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.