Economic Reporter :
S M Abu Mohsin, Chairman of the NCC Bank Ltd, has said that his bank wants to be one of the top banks in the country by using advanced technology and creating new customers.
He made the comment while speaking at a Doa Mahfil marking the 28th founding anniversary of the bank on Monday, according to a press release.
Marking the founding anniversary, the bank organized the Doa Mahfill and cut cakes at all of its branches including head office on the day.
Bank’s Vice-Chairman Md Abul Bashar, Risk Management Committee Chairman Md Nurun Newaz Salim, Directors Md Abul Awal, Sohela Hossain, Tanjina Ali, Khairul Alam Chaklader, Audit Committee Chairman Nurul Islam Chowdhury and Managing Director and CEO Mohammad Mamdudur Rashid, among others, connected virtually.
Mohsin said the bank is now 28 years old as it started journey on May 17 in 1993 and 36 years old as a financial institution.
During this long journey, NCC Bank has played an important role in every step of the country’s economic prosperity, he said. NCC Bank has contributions in almost all sectors including heavy industry, readymade garments, power and infrastructure development, he added.
He further said NCC Bank has already become one of the best banks in the country by establishing good governance, ethics, transparency and accountability.
NCC Bank would continue to move forward with customer confidence and the trend would continue in future, he hoped.
Mamdudur Rashid said the use of modern and advance technology including the improvement of Core Banking Solutions (CBS) would be given more importance in the coming days to accelerate digitalization procedure.
He further said that the country’s banking system will be transformed to virtual from “brick and mortar” to meet the needs of the new generation in the near future.
The NCC Bank is also working to extend the number of correspondent banking relationships with overseas banks and financial institutions to facilitate foreign trade covering both export and import businesses.
“We want to increase the number of correspondent banking relationships to receive overseas funds with lower interest in the coming years,” the CEO noted.
Besides, letters of credit (LCs) confirmation charges will be decreased if the number of correspondent banking relationships widens, he said.
The NCC Bank bears a unique history of its own. The organisation started its journey in the financial sector as an investment company back in 1985.
The company operated up to 1992 with 16 branches and thereafter with the permission of the central bank converted itself into a full-fledged PCB in 1993 with paid up capital of Tk 390 million to serve the nation from a broader platform.
The bank has an international credit rating by Moody with other seven commercial banks in the country. In the last year, the NCC bank retained their international rating as B1 without any deviations. Its local rating was AA and ST1.
