NCC Bank

NCC Bank was founded in 1985 as an investment company in the name of NCL (National Credit Limited).[1] It became a scheduled commercial bank after receiving permission from the central bank in 1993 and started with a paid up capital of Tk. 390 million.[1]

In June 2008, Tofazzal Hossain was elected chairman of NCC Bank.[6]

In September 2015, Rapid Action Battalion arrested an employee of NCC Bank for embezzling 89.8 million BDT from remittance.[7]

In August 2017, Mosleh Uddin Ahmed was appointed CEO and Managing Director of NCC Bank.[8] Md Nurun Newaz Salim, chairman of Electro Mart Limited and Central Insurance Company Limited, was elected chairman of NCC Bank.[9]

In May 2019, Bangladesh Financial Intelligence Unit investigation found Mosleh Uddin Ahmed, managing director of NCC Bank, had abnormal bank deposits.[10] The board of directors of the bank decided to have a meeting over the issue and sought an explanation from Ahmed.[10][11] Three financial banks, Dutch Bangla Bank Limited, NCC Bank Limited, and Prime Bank, were victims of cyberattacks in May.[12] Dutch Bangla Bank Limited lost three million USD to the hackers while the other banks maintained that they did not lose any money.[12] Md Nurun Newaz Salim was re-elected chairman of NCC Bank.[13]

On 30 December 2020, Mohammad Mamdudur Rashid was appointed managing director of NCC Bank.[14] In 5 September 2021, Md Abul Bashar was elected chairman of NCC Bank.[15]

In August 2022, the NCC Bank Limited five billion BDT with a aim meet the requirements of Tier 2 of Basel III.[16] Md Abul Bashar was re-elected chairman of the bank in September.[17]

Official website