NCC Bank

Last updated
NCC Bank Limited
Founded1985
Headquarters,
Key people
  • Md. Abul Bashar (Chairman)
  • Mrs. Sohela Hossain (Vice Chairman)
  • Mr. M. Shamsul Arefin (Managing Director and CEO (CC))
Website NCC Bank

NCC Bank Limited or National Credit and Commerce Bank Limited [1] is a Bangladeshi private commercial bank. [2] [3] [4] Mohammad Mamdudur Rashid is the present Managing Director and CEO of the bank. [5]

Contents

History

NCC Bank was founded in 1985 as an investment company in the name of NCL (National Credit Limited). [1] It became a scheduled commercial bank after receiving permission from the central bank in 1993 and started with a paid up capital of Tk. 390 million. [1]

In June 2008, Tofazzal Hossain was elected chairman of NCC Bank. [6]

In September 2015, Rapid Action Battalion arrested an employee of NCC Bank for embezzling 89.8 million BDT from remittance. [7]

In August 2017, Mosleh Uddin Ahmed was appointed CEO and Managing Director of NCC Bank. [8] Md Nurun Newaz Salim, chairman of Electro Mart Limited and Central Insurance Company Limited, was elected chairman of NCC Bank. [9]

In May 2019, Bangladesh Financial Intelligence Unit investigation found Mosleh Uddin Ahmed, managing director of NCC Bank, had abnormal bank deposits. [10] The board of directors of the bank decided to have a meeting over the issue and sought an explanation from Ahmed. [10] [11] Three financial banks, Dutch Bangla Bank Limited, NCC Bank Limited, and Prime Bank, were victims of cyberattacks in May. [12] Dutch Bangla Bank Limited lost three million USD to the hackers while the other banks maintained that they did not lose any money. [12] Md Nurun Newaz Salim was re-elected chairman of NCC Bank. [13]

On 30 December 2020, Mohammad Mamdudur Rashid was appointed managing director of NCC Bank. [14] In 5 September 2021, Md Abul Bashar was elected chairman of NCC Bank. [15]

In August 2022, the NCC Bank Limited five billion BDT with a aim meet the requirements of Tier 2 of Basel III. [16] Md Abul Bashar was re-elected chairman of the bank in September. [17]

Board of directors

NameDesignationReference
Md. Abul BasharChairman [18]
Sohela HossainVice-Chairman [18]
A.S.M. Mainuddin MonemDirector [18]
Abdul AwalDirector [18]
Abdus SalamDirector [18]
Md. Nurun NewazDirector [18]
Amjadul Ferdous ChowdhuryDirector [18]
S.M. Abu MohsinDirector [18]
Tanzina AliDirector [18]
Khairul Alam ChakladerDirector [18]
Md. MoinuddinDirector [18]
Mohammed Sazzad Un NewazDirector [18]
Mohammad Mamdudur RashidCEO and Managing Director [18]

Related Research Articles

<span class="mw-page-title-main">IFIC Bank</span> Bangladeshi private commercial bank

The International Finance Investment and CommerceBank PLC(Bengali: আইএফআইসি ব্যাংক পিএলসি) is a first generation Bangladeshi private commercial bank. The bank is ensuring cutting edge service with skilled workforce and revolutionary fintech support through more than 1360+ modern business centers. It has extended its global corporate footprint in the form of Joint ventures and subsidiaries in Nepal, Oman and the UK. IFIC Bank has decided to become a full-fledged Islamic or Shariah-based bank in November 2013.

Uttara Bank PLC. is one of the largest and oldest private sector commercial banks in Bangladesh. There are 243 branches at home and 600 affiliates worldwide. Azharul Islam, chairman of Aftab Group, is the chairman of Uttara Bank PLC.

Pubali Bank PLC. is the largest private commercial bank in Bangladesh. It has more branches than any other private bank in the country. Monzurur Rahman is the present chairman of the bank.

Dutch-Bangla Bank PLC. (DBBPLC.) is a bank in Bangladesh. DBBPLC. is a scheduled joint venture private commercial bank between local Bangladeshi parties by M Sahabuddin Ahmed and a Dutch company FMO. The bank is often colloquially referred to as "DBBL", "Dutch Bangla" and "Dutch Bangla Bank".

<span class="mw-page-title-main">National Bank Limited</span> Bank in Bangladesh

The National Bank Limited is a private limited bank in Bangladesh. Md Mehmood Husain is the Managing Director and Chief Executive Officer of the bank.

Dhaka Bank PLC is a private limited commercial bank in Bangladesh. Its headquarters are situated in Dhaka. Currently the bank has 100 branches and 3 SME Service Centers around the country.

Islami Bank Bangladesh PLC. (IBBPLC.) is an Islamic banking company based in Bangladesh. It became incorporated on 13 March 1983 as a public limited company under the Companies Act 1913 and started operation on 30 March, the same year. IBBPLC maintains its own ATM Booths with a country-wide shared ATM network. IBBPLC has been the largest private banking network in Bangladesh. When IBBPLC was established, it was the first bank in Southeast Asia to provide banking service based on Shariah. The bank has been listed with both Dhaka Stock Exchange Ltd. and Chittagong Stock Exchange Ltd.

Jamuna Bank PLC is a commercial bank in Bangladesh registered under the Companies Act 1994. Jamuna Bank had 132 branches as of March 2019. Its head office is located at Plot No. 14, Bir Uttam A. K. Khandaker Road, Block# C, Gulshan-1, Dhaka, Bangladesh. Jamuna Bank Ltd is a 3rd generation private commercial bank, was established by a group of local entrepreneurs. The bank, aside from conventional, also provides Islamic banking through designated branches. The Bank has real-time online banking branches network to provide online banking.

<span class="mw-page-title-main">Mercantile Bank (Bangladesh)</span>

Mercantile Bank PLC is a commercial bank headquartered in Dhaka, Bangladesh.

Al-Arafah Islami Bank PLC is an Islamic bank in Bangladesh. The Bank is controlled by S. Alam Group of Industries.

ONE Bank PLC (OBPLC) is a public limited commercial bank in Bangladesh. It is in the business of taking deposits from public through various saving schemes and lending the fund in various sectors at a higher margin. A.S.M. Shahidullah Khan is chairman and Md. Monzur Mofiz is the managing director of One Bank PLC.

<span class="mw-page-title-main">Social Islami Bank Limited</span>

Social Islami Bank PLC is a Shari'ah based islami bank in Bangladesh. It was established on 22 November 1995 as Social Investment Bank Limited. Later it changed name to Social Islami Bank Limited. Up to October, 2021, SIBL has 172 branches including 22 AD branches, 104 subbranches & 200 agent banking outlets.

<span class="mw-page-title-main">United Commercial Bank PLC</span> A private bank of Bangladesh

United Commercial Bank PLC (UCB) is a commercial bank in Bangladesh. It was established in 1983.

Shahjalal Islami Bank Limited (SJIBL) is a sharia compliant private sector commercial bank headquartered in Dhaka, Bangladesh.

<span class="mw-page-title-main">Standard Bank Limited</span>

Standard Bank Limited is a private commercial bank in Bangladesh. founder by Kazi Akram Uddin Ahmed chairman of the bank and Kamal Mostafa Chowdhury is the founder vice-chairman and director of the bank. It stands among the least proficient banks in its performance.

<span class="mw-page-title-main">South Bangla Agriculture and Commerce Bank Limited</span> 4th Generation Private commercial bank of Bangladesh

South Bangla Agriculture and Commerce Bank Limited(SBAC) is a private commercial bank headquartered in Dhaka, Bangladesh. It incorporated in 2013 as a banking company under Companies Act, 1994 and is regulated under the Banking Companies Act, 1991. The bank has network of 88 branches and 25 sub-branches around the country.

Uttara Finance and Investments Limited, also known as UFIL, is a major non-bank financial institution in Bangladesh. Major General (retired) Mohammad Maksudur Rahman is the chairman of Uttara Finance and Investments Limited. It is owned by the owners of Uttara Group of Companies.

Uttara Group of Industries is a Bangladeshi diversified conglomerate based in Dhaka. Matiur Rahman, president of the president of Bangladesh Motorcycle Manufacturers and Assemblers Association, is the chairman and managing director of Uttara Group of Industries.

<span class="mw-page-title-main">Dhaka Mercantile Co-Operative Bank Limited</span>

Dhaka Mercantile Co-Operative Bank Limited is a cooperative bank based in Dhaka, Bangladesh which operates as a bank. There are some legal controversies over its use of bank in its name. It has 143 branches across Bangladesh.

Central Intelligence Cell is a specialized intelligence and investigative unit under the National Board of Revenue. Khairul Islam is the Director General of the Central Intelligence Cell.

References

  1. 1 2 3 "National Credit and Commerce Bank Limited - Banglapedia". en.banglapedia.org. Retrieved 2016-05-09.
  2. "NCC Bank diversifies activities". The Financial Express. Dhaka. 2007-08-27. Retrieved 2013-04-03.
  3. "NCC Bank gets new DMD". The Daily Star. 2015-06-09. Retrieved 2016-05-09.
  4. "NCC Bank aspires to be at the top". The Daily Star. 2015-05-18. Retrieved 2016-05-09.
  5. "NCC Bank gets new chair, vice-chair". The Daily Star. 2015-07-28. Retrieved 2016-05-09.
  6. "Chairman, vice chairman of NCC Bank re-elected". The Daily Star. 2008-06-15. Retrieved 2023-03-25.
  7. Staff Correspondent (2015-09-04). "Ex-NCC bank officer held for embezzling Tk 8.98cr". The Daily Star. Retrieved 2023-03-25.
  8. "Mosleh Uddin NCC Bank MD". The Daily Star. 2017-08-07. Retrieved 2023-03-25.
  9. "New chairman for NCC Bank". The Daily Star. 2017-08-02. Retrieved 2023-03-25.
  10. 1 2 "NCC Bank board to discuss CEO's 'abnormal' deposits". The Daily Star. 2019-05-07. Retrieved 2023-03-25.
  11. "NCC Bank MD asked to explain abnormal deposits". The Daily Star. 2019-05-09. Retrieved 2023-03-25.
  12. 1 2 Rahman, Sajjadur (2019-06-22). "Three banks hit by cyberattacks". The Daily Star. Retrieved 2023-03-25.
  13. "NCC Bank re-elects chairman". The Daily Star. 2019-09-15. Retrieved 2023-03-25.
  14. "NCC Bank gets new MD". The Daily Star. 2020-12-30. Retrieved 2023-03-25.
  15. "NCC Bank gets new chairman, vice-chairman". The Daily Star. 2021-09-05. Retrieved 2023-03-25.
  16. "NCC Bank to issue Tk500 crore bond". The Daily Star. 2022-08-10. Retrieved 2023-03-25.
  17. "NCC Bank gets chairman, vice-chairman". The Daily Star. 2022-09-04. Retrieved 2023-03-25.
  18. 1 2 3 4 5 6 7 8 9 10 11 12 13 "BOARD OF DIRECTORS". NCC Bank Limited. Retrieved 25 March 2023.

Official website