NCC Banks 40th Annual General Meeting Held
National Credit and Commerce Bank PLC. has approved 13% Cash dividend for the year 2024 at its 40th Annual General Meeting (AGM) held on a digital platform
NCC Banks 40th Annual General Meeting Held
03/07/2025
National Credit and Commerce Bank PLC. has approved 13% Cash dividend for the year 2024 at its 40th Annual General Meeting (AGM) held on a digital platform on 02 July, 2025.
Chairman of NCC Bank Alhaj Md. Nurun Newaz presided over the meeting while Vice-Chairman Abdus Salam, Director & Past Chairman Amjadul Ferdous Chowdhury, Director Syed Asif Nizamuddin, Past Vice-Chairman & Chairman of the Executive Committee Khairul Alam Chaklader, Director Md. Moinuddin, Director Mohammed Sazzad Un Newaz, Independent Director & Chairman of the Audit Committee Meer Sajed-Ul-Basher FCA, Independent Director Md. Amirul Islam, FCS, FCA, Managing Director M. Shamsul Arefin, Additional Managing Director M. Khurshed Alam, Deputy Managing Directors Md. Mahbub Alam, Md. Zakir Anam, Mohammed Mizanur Rahman and Md. Monirul Alam (Company Secretary) along with a large number of Shareholders joined the AGM virtually and casted their votes. The Audited Financial Statements of the Bank for the year ended on December 31, 2024, along with the Auditors’ report thereon and Directors' report were placed before the Shareholders at the AGM and duly approved by them with majority votes.
Chairman of the Bank, Md. Nurun Newaz, highlighted NCC Bank’s steady business progress, stating that both shareholders’ equity and total assets are showing consistent growth, which is reflected positively in the Bank’s Credit Ratings and CAMELS Rating. He emphasized that rather than pursuing aggressive growth strategies, NCC Bank is prioritizing asset quality, growth in low-cost and no-cost deposits, reduction in the cost of funds, and enhancement of commission-based income streams. He added that the Bank’s continued positive growth trajectory is driven by a strong commitment to transparency and accountability, adoption of cutting-edge technologies, and a focus on delivering superior customer service—a commitment that will remain central to NCC Bank’s strategy in the coming years.
Managing Director M. Shamsul Arefin gave answers of different questions given in online by Hon’ble Shareholders and reflected on NCC Bank’s 32-year journey, stating that the Bank has earned recognition as a sound and reliable financial institution, trusted by both stakeholders and customers for its robust financial performance. Looking ahead, he outlined the Bank’s strategic priorities, which include: Digital expansion; Financial inclusion, and Sustainable banking. The Bank will continue to focus on expanding its SME and retail banking segments, promoting Shariah-compliant Islamic banking, and enhancing foreign currency inflow through increased remittances and export financing. Additionally, NCC Bank is actively developing AI-driven solutions, promoting cashless transactions, and scaling up sustainable financing, particularly in green and environmentally friendly projects. Arefin further stressed the importance of digital microfinance as a tool for reaching marginalized populations, thereby strengthening financial inclusion and ensuring no one is left behind. “We remain committed to earning the trust of our stakeholders through strategic planning, innovation, and customer-centric services,” he concluded.
