NCC Bank inks deal with ADB

NCC Bank has signed an issuing bank agreement with Asian Development Bank under its "Trade and Supply Chain Finance Program (TSCFP)" recently.

Mohammad Mamdudur Rashid, managing director of NCC Bank, and Neha Noronha, investment specialist of private sector financial institutions division of ADB, inked the deal at the former's head office in Dhaka, a press release said.

Under the agreement, NCC Bank will avail guarantee facility from the regional development bank, which will help the former get additional credit lines to support its foreign trade business.

Pamela Jhoanna N Gamilla, senior investment officer of private sector financial institutions division of ADB, Md Khondoker Nayeemul Kabir, additional managing director of NCC Bank, Mohammad Rafat Ullah Khan and M Asheq Rahman, deputy managing directors, Syed Tofail Ali and Mohammed Mizanur Rahman, senior executive vice-presidents, and Mohammed Sumon Rahman, senior assistant vice-president of financial institutions department, were present.