National Credit and Commerce Bank
{{Short description|Bangladeshi bank}}
{{Infobox company
| name = NCC Bank PLC.
| logo = NCC bank logo.png
| type =
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| fate =
| predecessor =
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| founded = 1985
| founder =
| defunct =
| hq_location_city = Dhaka
| hq_location_country = Bangladesh
| area_served =
| key_people = {{Unbulleted list | Md. Abul Bashar (Chairman) | Mrs. Sohela Hossain (Vice Chairman) | M. Shamsul Arefin (Managing Director and CEO) }}
| products =
| owner =
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| website = {{URL|nccbank.com.bd}}
}}
NCC Bank PLC. or National Credit and Commerce Bank PLC.{{Cite web |url=http://en.banglapedia.org/index.php?title=National_Credit_and_Commerce_Bank_Limited |title=National Credit and Commerce Bank Limited |website=Banglapedia |access-date=2016-05-09}} is a Bangladeshi private commercial bank.{{cite news |title=NCC Bank diversifies activities |url=http://www.thefinancialexpress-bd.com/2007/08/27/9213.html |work=The Financial Express |location=Dhaka |date=2007-08-27 |access-date=2013-04-03}}{{Cite news |url=http://www.thedailystar.net/business/banking/ncc-bank-gets-new-dmd-94702 |title=NCC Bank gets new DMD |date=2015-06-09 |work=The Daily Star |access-date=2016-05-09}}{{Cite news |url=http://www.thedailystar.net/business/banking/ncc-bank-aspires-be-the-top-83752 |title=NCC Bank aspires to be at the top |date=2015-05-18 |work=The Daily Star |access-date=2016-05-09}} Mr. M. Shamsul Arefin is the present managing director and CEO of the bank.{{Cite news |url=http://www.thedailystar.net/business/banking/ncc-bank-gets-new-chair-vice-chair-118174 |title=NCC Bank gets new chair, vice-chair |date=2015-07-28 |work=The Daily Star |access-date=2016-05-09}}
History
NCC Bank was founded in 1985 as an investment company in the name of NCL (National Credit Limited). 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.
In June 2008, Tofazzal Hossain was elected chairman of NCC Bank.{{Cite news |date=2008-06-15 |title=Chairman, vice chairman of NCC Bank re-elected |url=https://www.thedailystar.net/news-detail-41168 |access-date=2023-03-25 |work=The Daily Star |language=en}}
In September 2015, the Rapid Action Battalion arrested an employee of NCC Bank for embezzling 89.8 million BDT from remittance.{{Cite news |date=2015-09-04 |title=Ex-NCC bank officer held for embezzling Tk 8.98cr |url=https://www.thedailystar.net/city/ex-ncc-bank-officer-held-embezzling-tk-898cr-137551 |access-date=2023-03-25 |work=The Daily Star |language=en}}
In August 2017, Mosleh Uddin Ahmed was appointed CEO and managing director of NCC Bank.{{Cite news |date=2017-08-07 |title=Mosleh Uddin NCC Bank MD |url=https://www.thedailystar.net/business/mosleh-uddin-ncc-bank-md-1444669 |access-date=2023-03-25 |work=The Daily Star |language=en}} Md Nurun Newaz Salim, chairman of Electro Mart Limited and Central Insurance Company Limited, was elected chairman of NCC Bank.{{Cite news |date=2017-08-02 |title=New chairman for NCC Bank |url=https://www.thedailystar.net/business/banking/new-chairman-ncc-bank-1442245 |access-date=2023-03-25 |work=The Daily Star |language=en}}
In May 2019, a Bangladesh Financial Intelligence Unit investigation found Mosleh Uddin Ahmed, managing director of NCC Bank, had abnormal bank deposits.{{Cite news |date=2019-05-07 |title=NCC Bank board to discuss CEO's 'abnormal' deposits |url=https://www.thedailystar.net/business/news/ncc-bank-board-discuss-ceos-abnormal-deposits-1739896 |access-date=2023-03-25 |work=The Daily Star |language=en}} The board of directors of the bank decided to have a meeting over the issue and sought an explanation from Ahmed.{{Cite news |date=2019-05-09 |title=NCC Bank MD asked to explain abnormal deposits |url=https://www.thedailystar.net/business/banking/news/ncc-bank-md-asked-explain-abnormal-deposits-1740937 |access-date=2023-03-25 |work=The Daily Star |language=en}} Three financial banks, Dutch Bangla Bank Limited, NCC Bank Limited, and Prime Bank, were victims of cyberattacks in May.{{Cite news |last=Rahman |first=Sajjadur |date=2019-06-22 |title=Three banks hit by cyberattacks |url=https://www.thedailystar.net/frontpage/news/three-banks-hit-cyberattacks-1760629 |access-date=2023-03-25 |work=The Daily Star |language=en}} Dutch Bangla Bank Limited lost three million USD to the hackers, while the other banks maintained that they did not lose any money. Md Nurun Newaz Salim was re-elected chairman of NCC Bank.{{Cite news |date=2019-09-15 |title=NCC Bank re-elects chairman |url=https://www.thedailystar.net/business/news/ncc-bank-re-elects-chairman-1800211 |access-date=2023-03-25 |work=The Daily Star |language=en}}
On 30 December 2020, Mohammad Mamdudur Rashid was appointed managing director of NCC Bank.{{Cite news |date=2020-12-30 |title=NCC Bank gets new MD |url=https://www.thedailystar.net/business/news/ncc-bank-gets-new-md-2019289 |access-date=2023-03-25 |work=The Daily Star |language=en}} On 5 September 2021, Md Abul Bashar was elected chairman of NCC Bank.{{Cite news |date=2021-09-05 |title=NCC Bank gets new chairman, vice-chairman |url=https://www.thedailystar.net/business/economy/banks/news/ncc-bank-gets-new-chairman-vice-chairman-2168696 |access-date=2023-03-25 |work=The Daily Star |language=en}}
In August 2022, the bank approved issuance of a five billion BDT bond with the aim of meeting the Tier 2 capital requirements of Basel III.{{Cite news |date=2022-08-10 |title=NCC Bank to issue Tk500 crore bond |url=https://www.thedailystar.net/business/news/ncc-bank-issue-tk500-crore-bond-3091756 |access-date=2023-03-25 |work=The Daily Star |language=en}} Md Abul Bashar was re-elected chairman of the bank in September.{{Cite news |date=2022-09-04 |title=NCC Bank gets chairman, vice-chairman |url=https://www.thedailystar.net/business/economy/news/ncc-bank-gets-chairman-vice-chairman-3110286 |access-date=2023-03-25 |work=The Daily Star |language=en}}
Board of directors
| class="wikitable"
|+ !Name !Designation !Reference |
| Md. Abul Bashar
|Chairman |
| Sohela Hossain
|Vice-chairman |
| A.S.M. Mainuddin Monem
|Director |
| Abdul Awal
|Director |
| Abdus Salam
|Director |
| Md. Nurun Newaz
|Director |
| Amjadul Ferdous Chowdhury
|Director |
| S.M. Abu Mohsin
|Director |
| Tanzina Ali
|Director |
| Khairul Alam Chaklader
|Director |
| Md. Moinuddin
|Director |
| Mohammed Sazzad Un Newaz
|Director |
| Mr. M. Shamsul Arefin
|CEO and Managing Director |
References
{{reflist}}
External links
{{Portal|Banks}}
{{Official website|http://www.nccbank.com.bd/}}
{{Banks in Bangladesh}}
{{Bangladesh-stub}}
{{bank-stub}}