National Credit and Commerce (NCC) Bank Ltd has conducted its 9th Extra-ordinary General Meeting (EGM) through digital platform at Dhaka on Monday.
The members of the bank accorded their approval for conversion of the required amount from said Bond in due course to comply with the condition of Bangladesh Bank regarding issuances of NCC Bank Perpetual Bond worth of Tk 500 Crore.
Chairman of NCC Bank SM Abu Mohsin presided over the meeting while Vice-Chairman Md Abul Bashar, Director & Chairman of the Executive Committee Engineer Abdus Salam, Director & Chairman of the Risk Management Committee Md Nurun Newaz Salim were present during the EGM.
Director's of the Bank Md Abdul Awal, Sohela Hossain, Khairul Alam Chaklader, Tanzina Ali, Mohammed Sazzad Un Newaz, Independent Director & Chairman of the Audit Committee Nurul Islam Chowdhury, FCA, Managing Director & CEO Mohammad Mamdudur Rashid, EVP & Company Secretary Md Monirul Alam and a huge number of Shareholders were also present.
Mohsin in his speech highlighted the Bank's business progress and said that, at present shareholders' equity, total assets, and EPS, etc were increasing gradually on the other hand cost of fund and net classified loans were decreasing.
"As a result, our progress reflects in Credit Ratings and also in CAMELS Rating," said Mohsin.
He added that NCC Bank has continuously maintained positive growth by assuring transparency and accountability as well as using advanced technology and better customer services which will continue in the future.