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. The agreement was signed by ICB's Managing Director Niranjan Chandra Debnath, and NCC Bank's Managing Director and Director of NCCB Securities, M. Shamsul Arefin, on behalf of their respective organisations 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.