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Corporate Banking/Corporate Business Division

Corporate Business Division (CBD) of NCC Bank PLC., believes in providing solutions to corporate customers through one-to-one relationship thereby eliminating redundancies and hierarchal delays. CBD has formed a dynamic and versatile team consisting of effective, efficient and knowledgeable Relationship Managers. CBD currently offers the following solutions:

Products:

  • i. Long-Term Financing/ Project Financing
  • ii. Working Capital Financing
  • iii. Work Order Financing
  • iv. Green/ Sustainable Financing

Eligible Sectors:

  • A. Agriculture, Agro-processing, Fishing & Forestry concerns
  • B. RMG & relevant concerns
  • C. Structural developer concerns (Commercial & residential)
  • D. Manufacturing & Trading concerns
  • E. Micro Finance Institutions & NGOs
i. Long-Term Financing/ Project Financing:

NCC Bank PLC. finances new projects as well as BMRE through a combination of different term facilities such as Term Loans for civil construction, Lease Finance & Specific LC (with subsequent Term Loan) for purchase of Capital Machinery, depending on projected/existing cash flows of the concern. Eligible sectors include all of the above (A to E).

ii. Working Capital Financing:

Working capital refers to the fund required for conducting daily operations. NCC Bank PLC. offers tailor-made composite facilities/solution to cater to different forms of business with varied trends of cash/operating cycle. NCC Bank PLC. offers facilities to specified sectors in modes such as:

A. Agriculture, Agro-processing, Fishing & Forestry concerns:

  • Continuous Credit (CC), Overdraft (G), & Short Term Loans (STL) facilities for operating expenses and adjustment of Duty & VAT Payments.
  • Revolving L/C (Sight/DP/UPAS) Facility for import of foreign raw material.
  • Subsequent LTR for retirement of documents.

B. RMG & relevant concerns:

  • Continuous Credit (CC), Overdraft (G) & Short Term Loans (STL) facilities for operating expenses & adjustment of Duty & VAT Payments.
  • Revolving L/C (Sight/DP/UPAS) Facility & Back to Back L/C for import of foreign raw materials.
  • Subsequent ABP & LTR for retirement of documents.

C. Structural developer concerns (Commercial & residential):

  • Project-wise Term Loan for civil construction with phase by phase disbursement facility.
  • Overdraft (G) & Short Term Loans (STL) facilities for operating expenses and adjustment of Duty & VAT Payments.
  • Revolving L/C (Sight/DP/UPAS) Facility for import of foreign fixtures & fittings.
  • Subsequent LTR for retirement of documents.

D. Manufacturing & Trading concerns:

  • Continuous Credit (CC), Overdraft (G) & Short Term Loans (STL) facilities for meeting multi-faceted needs of the concerns.
  • Local Documentary Bill Purchase (LDBP) & Foreign Documentary Bill Purchase (FDBP) facilities for international trade.

E. Micro Finance Institutions & NGOs:

  • Term Loans, Short Term Loans (STL), Short Term Finance, Agri Loans are offered to facilitate their operations.
iii. Work/Supply Order financing:

NCC Bank PLC. provides work/supply order finance to sectors (B, C & D) in the following modes:

  • Bank Guarantee (BG) for Bid Bond at the bidding stage, Performance Guarantee (PG) at work order awarding stage on receipt of notification of award from work awarding authority, and Advance Payment Guarantee (APG) for receiving mobilization advance from work awarding authority during execution stage.
  • OD(W/O) for execution of works/supply after being awarded by the work awarding authority.
  • Letter of Credit (LC) for procurement or import of inputs at the execution stage.
  • LTR (as inner line of LC) for refinancing of import goods for execution of work order.
  • Time Loan to meet local costs viz., labor, material and other operational expenses for execution of work order.
*Structure, amount and pricing is determined on the basis of holistic assessment by the Bank.

iv. Green/ Sustainable Financing:

In partnership with Bangladesh Bank, NCC Bank PLC. has participated in providing several soft Loan to sectors (A,B, C & D) as follows:

  • Green Transformation Fund (GTF) – BDT, USD & Euro
  • Bangladesh Bank - Long Term Financing Facility (BB-LTFF) - USD
  • Technology Development/Up-gradation Fund (TDF) – BDT
  • Refinancing Scheme for Green Products/Projects/Initiatives (Green Finance Scheme) - BDT
  • Two Step Loan (TSL) under Foreign Direct Investment Promotion Project (FDIPP) - BDT
  • Export Facilitation Pre-finance Fund (EFPF) - BDT
  • Program to Support Safety Retrofits and Environmental Upgrades in the Bangladeshi Ready-Made Garments (RMG) Sector Project (SREUP) - BDT
  • Urban Building Safety Project (UBSP) - BDT

Market Competitiveness

  • Competitive product and price along with strong customer services are the major competitive factors of the CBD.
  • The Bank maintains a relatively healthy capital base and foreign exchange reserve. This enables CBD to offer a full line of facilities to Corporate Customers.
  • NCC Bank PLC retains good market reputation for maintaining a good corporate culture. Consequently, NCC Bank PLC achieved LT Credit Rating of AA (Higher safety & Credit Quality) and Short-Term rating -1 (Highest Certainty of Timely Repayment).
  • NCC Bank has a highly knowledgeable Board of Directors as well as Senior Management Team which allows for precise & expedited decision making for incoming proposals.

Selling Propositions

  • CBD also has the scope to customize services & products, tailor-made to serve the requirements of Corporate Customers.
  • The Bank has inaugurated an Islamic Wing, which allows us to approach the Corporate Customers in the Islamic Banking industry.
  • There are 127 Branches of the Bank and 1 dedicated Islami Banking branch, strategically located all over Bangladesh. This allows us access to corporate customers in every corner of the country as they can avail facilities from the Branch of their choosing.

Relative Core Strengths

  • Dedicated team to support all branches and individual customers.
  • Diversified skill sets of the team members having experience in almost all business sectors.
  • Strong cross-functional abilities of the team to collaborate and cooperate with other divisions.
  • Strong relationship of team members with the major industry players.