National Credit and Commerce Bank (NCC Bank) Ltd has decided to enhance its authorised capital from Tk 1000 crore to Tk 2000 crore.
The approval was given at the 8th Extra-ordinary General Meeting (EGM) of the bank held at Police Convention Hall in Dhaka on Sunday, said a press release.
Chairman of NCC Bank Md. Nurun Newaz Salim presided over the meeting while Vice-Chairman Sohela Hossain, Chairman of the Executive Committee S. M. Abu Mohsin, Chairman of the Audit Committee Md. Amirul Islam FCA, FCS, director’s of the Bank Engineer Abdus Salam, Khairul Alam Chaklader, K. A. M. Haroon, Mohammed Sazzad Un Newaz, Managing Director & CEO Mosleh Uddin Ahmed, Company Secretary Md. Monirul Alam and a large number of shareholders were present at the EGM.
Nurun Newaz Salim presented the keynote on the bank’s business progress and said that, at present shareholders equity, total assets, EPS are increasing gradually while on the other hand, its cost of fund and net classified loans are decreasing.
“As a result, our progress reflects in credit ratings and also in CAMELS rating,” he said adding that, NCC Bank has been continuously maintaining positive growth by assuring transparency and accountability as well as using advance technology and better customer services which will continue in the future.”