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NCC Bank to expand business with excellence of services

Md Nurun Newaz, Chairman of NCC Bank board of directors, ASM Mainuddin Monem, vice chairman and Golam Hafiz Ahmed, managing director and CEO seen in the press conference Saturday (17 May 2014).

Md Nurun Newaz, Chairman of NCC Bank board of directors, ASM Mainuddin Monem, vice chairman and Golam Hafiz Ahmed, managing director and CEO seen in the press conference Saturday (17 May 2014).

NCC Bank Ltd Saturday vowed to continue the expansion of its business along with excellence of services especially in the semi-urban areas in the coming days.

Marking the 21st founding anniversary of the bank, its managing director and CEO Golam Hafiz Ahmed made the pledge at a press conference at the bank’s head office in the city.

In this connection, “the bank has taken a five-year plan,” Mr Golam Hafiz Ahmed said, adding that there is immense scope left for expansion of the banking business and services in Bangladesh.

The press conference was attended, among others, by Md Nurun Newaz, Chairman of the bank’s board of directors, ASM Mainuddin Monem, its vice chairman, Md Amirul Islam, chairman of the board’s audit committee, and directors M.A. Awal, Khairul Alam Chaklader and Md Harunur Rashid.

Mr Nurun Newaz, Mr Monem and Mr Golam Hafiz Ahmed highlighted the bank’s previous performance, and shared its future business strategies and plan at the press conference.

Till now, the number of the bank’s branches reached 101 across the country; “We have planned to set up four more branches within this year,” the managing director said.

As another success of the bank in the recent past, he mentioned the completion of a multi-storied twin tower building at the Motijheel commercial area, main business hub of the country, to house the bank’s head office.

Mentioning different hurdles in the past years including political turmoil that seriously obstructed all sorts of business activities, Mr Golam Hafiz Ahmed said, “All necessary measures will be taken to ensure continuous growth of the NCC Bank.”

In the previous year, the bank put emphasise on reducing quantum of the non performing loan (NPL) by taking a crash programme that already started getting good result, he said, and hoped to bring the NPL size to an acceptable level.

The managing director also presented the bank’s past performance and future plan in different other sectors that include financial inclusion, information technology (IT), credit and commerce, environment risk management, green banking, NRB remittance, cards, ATM, corporate social responsibility (CSR) programme and corporate governance.

In a query about the reduction of interest rate to single digit, the Bank’s chairman said that “it is not impossible.” Better performance in overall economy and speedy recovery of loan can facilitate to turn it into reality, he said.

Mr Newaz, however, blamed the long-time, needed for the courts concerned to dispose of the loan recovery-related cases, as one of the major causes that impede speedy-recovery of defaulted loan.

“The government should reinforce to bring efficiency,” in the judicial process, ensuring quick-recovery of defaulted loan and ultimately helping reduction of interest rate to single digit, he said.

In this connection, he also mentioned the need for decreasing the corporate tax, and expressed his expectation that the government will positively consider it in the coming budget.

In response to some queries, Mr Monem said that the NCC Bank, as part of the overall economy, is to make decision considering the whole situation.

When the overall economy performs well, the borrowers also perform better and “we formulate business strategies accordingly,” he said.

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Source: Financial Express

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