NCC Bank declares 10% dividends

NCC Bank Ltd approved 10 percent dividends, including 5 percent cash dividend, for the year that ended on December 31, 2022. 

This approval was given at the bank's 38th annual general meeting, which was held virtually yesterday, said a press release.

Md Abul Bashar, chairman of the bank, presided over the meeting, where Sohela Hossain, vice-chairperson, Mohammad Mamdudur Rashid, managing director and CEO, and Md Monirul Alam, company secretary, were present.

Highlighting the business progress, Bashar said that the shareholders' equity, total assets, and earnings per share of the bank are increasing gradually which is reflected in credit ratings and CAMELS rating of the bank.

"NCC Bank continuously maintains positive growth by ensuring transparency and accountability as well as using advanced technology and ensuring better customer services, which will continue in the future also," he added.

Md Abdul Awal, Abdus Salam, Md Nurun Newaz, SM Abu Mohsin, Khairul Alam Chaklader, Md Moinuddin, Mohammed Sazzad Un Newaz, directors, Md Obayed Ullah Al Masud, independent director, along with a large number of shareholders joined the meeting.