National Credit and Commerce Bank Ltd (NCCB) has approved 10 percent dividend, 5 percent cash and 5 percent stock, for the year 2018. The approval was given at the Bank’s 34th Annual General Meeting (AGM) held at Sena Malancha, Dhaka on Tuesday.
Chairman of NCC Bank Md. Nurun Newaz Salim presided over the meeting while Chairman of the Executive Committee S. M. Abu Mohsin, Directors Engineer Abdus Salam, A.S.M Mainuddin Monem, Md. Abul Bashar, Amjadul Ferdous Chowdhury, Khairul Alam Chaklader, Md. Moinuddin, Mohammed Sazzad Un Newaz, Managing Director & CEO Mosleh Uddin Ahmed, Company Secretary Md. Monirul Alam and a large number of Shareholders were present.
The audited financial statements of the bank for the year ended on December 31, 2018 along with the auditors’ report and director's report were approved by the shareholders at the AGM.Chairman of the bank Md. Nurun Newaz Salim delivered the keynote of the bank's business progress and said that at present shareholders equity, total assets, EPS are increasing gradually. On the other hand, cost of fund and net classified loans are decreasing. As a result, the progress reflects in improved credit ratings and also in CAMELS Rating. He added that NCC Bank continuously maintaining positive growth by assuring transparency and accountability as well as using advance technology and better customer services which will continue in the future.