Written by The Banking Post
National Credit and Commerce Bank PLC held its 40th Annual General Meeting (AGM) on Wednesday, 2 July 2025, via virtual platform, where a 13% cash dividend for the year 2024 was approved. The meeting was presided over by the bank’s Chairman, Alhaj Md Nurun Newaz.
Also present at the meeting were Vice Chairman Abdus Salam; Director and former Chairman Amjadul Ferdous Chowdhury; Director Syed Asif Nizam Uddin; former Vice Chairman and Executive Committee Chairman Khairul Alam Chaklader; Directors Md Moinuddin and Mohammad Sajjad Un Newaz; Independent Director and Audit Committee Chairman Mir Sajedul Basar FCA; and Independent Director Md Amirul Islam FCA, FCS. Shareholders joined the AGM online and exercised their voting rights.
Managing Director M Shamsul Arefin, Additional Managing Director M Khorshed Alam, Deputy Managing Directors Md Mahbub Alam, Md Zakir Anam, Mohammad Mizanur Rahman, and Company Secretary Md Monirul Alam were also in attendance. Audited financial statements for the year ended 31 December 2024, along with the Directors’ Report and Auditors’ Report, were placed and approved by majority vote.
In his opening remarks, Chairman Md Nurun Newaz highlighted the bank’s key performance indicators and noted steady growth in shareholder equity and total assets, contributing to improved credit and CAMELS ratings. Emphasizing a focus on asset quality over aggressive expansion, he underscored efforts to boost low-cost deposits, reduce funding costs, enhance fee-based income, and maintain transparency and customer service excellence. He expressed confidence that these initiatives would continue driving sustainable growth.
Responding to shareholder queries, Managing Director M Shamsul Arefin stated that NCC Bank, with 32 years of operational history, is now widely recognized as a reliable and trusted financial institution. He emphasized future priorities including digital expansion, financial inclusion, and sustainable banking to meet evolving customer needs. He also cited a strategic focus on growing SME and retail business, expanding Shariah-compliant Islamic banking, increasing foreign exchange inflows through remittance and exports, and boosting fee and commission-based income.
He added that the bank is working to integrate AI-driven solutions, promote cashless transactions, invest in green and sustainable projects, and reach underbanked communities through digital microfinance—ensuring that no one is left outside the formal financial system. He reaffirmed the bank’s commitment to earning stakeholder confidence through strategy, innovation, and customer-centric services.
