National Credit and Commerce Bank Ltd held its 9th Extra-ordinary General Meeting (EGM) through a digital platform in the capital on Monday.
To comply with the condition of Bangladesh Bank regarding issuances of NCC Bank perpetual bond worth of Tk 500 crore, the members of the bank accorded their approval for conversion of required amount from said bond in due course, read a press release.
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, Directors 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 in the EGM.
SM Abu Mohsin in his speech highlighted the bank's business progress and said that, at present shareholders equity, total assets and EPS etc increasing gradually on the other hand cost of fund and net classified loans are decreasing. As a result, our progress reflects in credit ratings and also in CAMELS rating.
He added that NCC Bank continuously maintains positive growth by assuring transparency and accountability as well as using advanced technology and better customer services which will continue in the future.