National Credit and Commerce Bank Limited
National Credit and Commerce Bank Limited (NCCBL) started its journey in the financial sector of the country as an investment company back in 1985. The aim of the company was to mobilize resources from within and invest them in such way so as to develop country's Industrial and Trade Sector and playing a catalyst role in the formation of capital market as well. The company operated up to 1992 with 16 branches and thereafter with the permission of the Central Bank converted into a full-fledged private commercial Bank in 1993 with paid up capital of Tk 390 million crore to serve the nation from a broader platform.
Basic Facts and Economic Indicators (In Million Taka)
| Indicators | 2018 | 2019 | 2020 |
| Authorized Capital | 20000 | 20000 | 20000 |
| Paid up Capital | 8832 | 9274 | 9459 |
| Reserved Fund | 8844 | 10094 | 11370 |
| Deposits | 191344 | 200018 | 197021 |
| A) Call Deposits | 24831 | 27529 | 32708 |
| B) Term Deposits | 166513 | 172489 | 164313 |
| Loans and Advances | 173867 | 179037 | 178159 |
| Investment | 33471 | 37739 | 43482 |
| Total Asset | 240528 | 256887 | 257669 |
| Total Income | 22430 | 25562 | 21742 |
| Total Expenditure | 16246 | 18865 | 16498 |
| Foreign Currency Trading | 180014 | 218861 | 199119 |
| A) Export | 485777 | 68293 | 58355 |
| B) Import | 101944 | 107719 | 96148 |
| C) Remittance | 29493 | 42850 | 44616 |
| Total Manpower | 2145 | 2148 | 2164 |
| A) Officers | 1910 | 1912 | 1942 |
| B) Staff | 235 | 236 | 222 |
| Correspondent Banks | 359 | 333 | 340 |
| Total Branches (in numbers) | 116 | 121 | 122 |
| A) Domestic | 116 | 121 | 122 |
| B) Overseas | 0 | 0 | 0 |
| Agriculture Credit | |||
| Loan Disbursed | 752 | 4209 | 4358 |
| Realised | 722 | 849 | 1032 |
| Industrial Credit | |||
| Loan Disbursed | 77231 | 52023 | 51470 |
| Realsied | 61953 | 50640 | 48081 |
| Loan Outstanding by Sector | |||
| Agriculture and Fisheries and Forestry | 4668 | 4684 | 4560 |
| Industry | 42519 | 44645 | 411755 |
| Trade and Commerce | 58297 | 60271 | 56102 |
| Poverty Reduction | 1454 | 1526 | 1493 |
| CSR | 111 | 166 | 256 |
Source Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, Barshik Protibedon [Annual Report on Banks and Financial Institutions], 2019-20 and 2020-21.
Since its inception NCC Bank Ltd acquired commendable reputation by providing sincere personalized service to its customers in a technology-based environment. The Bank had set up a new standard in financing in the Industrial, Trade and Foreign exchange business. Its various deposit and credit products have also attracted the clients-both corporate and individuals who feel comfort in doing business with the Bank. While its commencement as a commercial bank in 1993 with an authorized capital of Tk 750 million divided into 7.5 million ordinary shares of Tk 100 each and paid-up capital of Tk 195 million. On 31 December 2020, the authorized capital and the paid-up capital rose to 20,000 million and 9,459 million taka respectively.
NCCBL is the restructured form of the first investment company in the country, the National Credit Limited (NCL), which started business with a paid-up capital of Tk 50 million and survived 8 years before its normal operations were suspended. In the mid of 1980s, the National Credit Limited' (NCL) was established as one of two private investment companies in the country. The bank conducts traditional commercial banking functions as well as foreign exchange business and provision of other financial services. At present, the bank's main focus is on the delivery of personalized customer services and expansion of its clientele base. The lending policy of the bank follows guidelines of the BANGLADESH BANK. In addition to traditional financing of industrial and commercial activities, the bank introduced Consumer Credit Scheme for rapid growth of customer base, which targets at the fixed income group of population. It also introduced lease financing and extended project financing and industrial loans in syndication with other banks.
The mission of the NCC bank is to mobilize financial resources from within and abroad to contribute to Agricultures, Industry and Socio-economic development of the country and to pay a catalytic role in the formation of capital market and to become the Bank of choice in serving the nation as a progressive and socially responsible financial institution by bringing credit and commerce together for profit and sustainable growth.
A 15-member board of directors, including the chairman and a vice-chairman oversees the affairs of the bank. The managing director is its chief executive. He is responsible for his work to the Board of Directors. In 2020, the bank had 122 branches and 2164 employees. The registered head office of the bank is at Dhaka. The bank established correspondent relationships with 340 foreign banks at different international financial centers. The NCC bank became a member of SWIFT (Society for Worldwide Financial Telecommunications). It commenced the operations of Money Gram, a worldwide renowned quickest mode of transfer of fund from one country to another, in November 1998. [Muhammad Abdul Mazid]
