NCC Bank Limited or National Credit and Commerce Bank Limited is a Bangladeshi private commercial bank. Mohammad Mamdudur Rashid is the present Managing Director and CEO of the bank.
History
NCC Bank was founded in 1985 as an investment company in the name of NCL (National Credit Limited). 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.
In June 2008, Tofazzal Hossain was elected chairman of NCC Bank.
In September 2015, Rapid Action Battalion arrested an employee of NCC Bank for embezzling 89.8 million BDT from remittance.
In August 2017, Mosleh Uddin Ahmed was appointed CEO and Managing Director of NCC Bank. Md Nurun Newaz Salim, chairman of Electro Mart Limited and Central Insurance Company Limited, was elected chairman of NCC Bank.
In May 2019, Bangladesh Financial Intelligence Unit investigation found Mosleh Uddin Ahmed, managing director of NCC Bank, had abnormal bank deposits. The board of directors of the bank decided to have a meeting over the issue and sought an explanation from Ahmed. Three financial banks, Dutch Bangla Bank Limited, NCC Bank Limited, and Prime Bank, were victims of cyberattacks in May. Dutch Bangla Bank Limited lost three million USD to the hackers while the other banks maintained that they did not lose any money. Md Nurun Newaz Salim was re-elected chairman of NCC Bank.
On 30 December 2020, Mohammad Mamdudur Rashid was appointed managing director of NCC Bank. In 5 September 2021, Md Abul Bashar was elected chairman of NCC Bank.
In August 2022, the NCC Bank Limited five billion BDT with a aim meet the requirements of Tier 2 of Basel III. Md Abul Bashar was re-elected chairman of the bank in September.