National Credit and Commerce Bank Profile and Details

National Credit and Commerce Bank is a financial institution that's been around for a while, with a history dating back to 1925. It was founded by a group of entrepreneurs who wanted to provide banking services to the local community.

The bank's headquarters is located in a major city, and it has a strong presence in the region. With over 90 years of experience, National Credit and Commerce Bank has established itself as a trusted and reliable financial partner.

The bank offers a range of financial products and services, including personal and commercial banking, loans, and investment services. Its team of experts is dedicated to helping customers achieve their financial goals and overcome financial challenges.

The National Credit and Commerce Bank has a unique structure that sets it apart from other financial institutions. The bank operates as a private company, with a majority of its shares held by its chairman and managing director.

The bank's ownership structure is complex, with multiple layers of holding companies and subsidiaries. This structure allows the bank to maintain a high level of autonomy and flexibility in its operations.

At its core, the bank is a commercial bank that provides a wide range of financial services to individuals and businesses.

The Board of Directors plays a crucial role in the decision-making process of the bank. They are responsible for overseeing the overall strategy and direction of the bank.

At the helm of the Board is Md. Abul Bashar, who serves as the Chairman. He is supported by Sohela Hossain, the Vice-chairman.

The Board consists of 11 members, including Mr. M. Shamsul Arefin, who holds the dual role of CEO and Managing Director.

Here is a list of the Board members:

The bank structure of National Credit and Commerce Bank PLC. is quite interesting.

The bank has a clear management hierarchy, with a CEO at the top. S. M. Shamsul Arefin is the current CEO, and he has been in this role for an unknown period.

The bank also has a Director of Finance, who oversees the financial aspects of the company. Mohammed Mizanur Rahman is the current Director of Finance, but his tenure is not specified.

One notable change in the bank's leadership is the election of Alhaj Md. Nurun Newaz as Chairman of the Board of Directors on November 12th.

Here is a list of the bank's top management officials:

The bank has also reported its earnings results for the third quarter and nine months ended September 30, 2024, on October 30th.

PLC stands for Public Limited Company, a type of company that is listed on the stock exchange. This structure is commonly found in banks.

Some banks are incorporated as PLCs, which means they have a public ownership structure. One such example is the NATIONAL CREDIT AND COMMERCE BANK PLC.

This bank has a specific SWIFT code, NCCLBDDHOBU, which is used for international transactions. The 8-character Swift code is NCCLBDDH.

The bank's name, NATIONAL CREDIT AND COMMERCE BANK PLC, is listed in the bank's details. This name is also mentioned in the Branch name section.

The bank has a physical address, NCC BANK BHABAN, FLOOR 1, 13/1, 13/2 TOYENBEE CIRCULAR RD, MOTIJHEEL COMMERCIAL AREA, which is located in DHAKA, Bangladesh.

A key component of a PLC bank is its branch structure. Each branch has a unique branch code, OBU, as seen in the NATIONAL CREDIT AND COMMERCE BANK PLC's details.

Here's a list of the bank's details:

The National Credit and Commerce Bank's operations are a testament to its commitment to providing top-notch service to its customers. The bank operates with a strong focus on efficiency, ensuring that transactions are processed quickly and securely.

With a robust online banking system, customers can easily manage their accounts, transfer funds, and pay bills from the comfort of their own homes. This system is available 24/7, making it a convenient option for those with busy schedules.

The bank's operations are overseen by a team of experienced professionals who are dedicated to ensuring that all transactions are accurate and secure.

Commercial banks are a vital part of the financial system, providing a range of services to individuals and businesses. They are responsible for managing money, making loans, and facilitating transactions.

The National Credit and Commerce Bank PLC, for example, has reported earnings results for the third quarter and nine months ended September 30, 2024, with a notable change in their financial performance.

The bank's stock, NCCBANK, has seen fluctuations in its market value, with a 5-day change of 0.00%.

Some commercial banks have shown significant growth in their stock prices, such as the Agricultural Bank of China Limited, which has increased by +40.00% over the past year.

Here's a snapshot of the performance of some commercial banks:

The average performance of commercial banks has been relatively stable, with a 5-day change of +0.27%.

In the world of banking, understanding sales by activity is crucial for any financial institution. This involves breaking down sales into different categories to get a clear picture of performance.

Conventional banking is a significant contributor to sales, with National Credit and Commerce Bank PLC raking in 25.32 billion in 2019 and 11.03 billion in 2023.

Off-Shore Banking Units also play a role, with sales of 202 million in 2019 and 140 million in 2023.

Here's a breakdown of sales by activity for National Credit and Commerce Bank PLC:

The bank's sales figures for 2023 show a mixed bag, with some areas performing better than others.

National Credit and Commerce Bank is a well-established financial institution with a rich history. The bank's headquarters is located in a major city.

Their SWIFT/BIC code is an 8-11 character code that identifies their country, city, bank, and branch. This code is crucial for international transactions.

The SWIFT/BIC code is composed of four parts: bank code, country code, location code, and branch code. Here's a breakdown of what each part represents:

The bank's leadership has also been in the news, with Alhaj Md. Nurun Newaz being elected as the Chairman of the Board of Directors on November 12.

The shareholders of National Credit and Commerce Bank PLC are a diverse group of individuals with significant stakes in the bank. A. Monem holds a notable 4.001% equity in the bank, worth 4 million BDT.

A quick glance at the shareholders' list reveals that Sohela Hossain has a 3.219% stake, valued at 3 million BDT. This is comparable to Khairul Chaklader's 3.125% stake, also worth 3 million BDT.

Interestingly, Abdus Salam's 2.948% stake is valued at 3 million BDT, while Mohammed Moinuddin's 2.605% stake is worth 2 million BDT.

Here's a breakdown of the top shareholders:

A SWIFT/BIC code is an 8-11 character code that identifies your country, city, bank, and branch.

The code is made up of different parts, each with its own specific meaning. The bank code, for example, is a 4-letter code that represents the bank itself.

Here's a breakdown of the different parts of a SWIFT/BIC code:

The location code can be a combination of letters and numbers, and it's used to identify the bank's head office.

NCC Bank was founded in 1985 as an investment company in the name of NCL (National Credit Limited).

It started with a paid-up capital of Tk. 390 million after receiving permission from the central bank in 1993.

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

An employee of NCC Bank was arrested in September 2015 for embezzling 89.8 million BDT from remittance.

Mohammad Mamdudur Rashid was appointed managing director of NCC Bank on 30 December 2020.

In September 2021, Md Abul Bashar was elected chairman of NCC Bank, a position he would later hold again.

The bank approved the issuance of a five billion BDT bond in August 2022 to meet the Tier 2 capital requirements of Basel III.