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National Credit and Commerce Bank Limited (NCCBL) started banking operations on

17 May 1993 with an authorised capital of Tk 750 million divided into 7.5 million
ordinary shares of Tk 100 each and paid up capital of Tk 195 million. The paid up
capital was enhanced to Tk 390 million in 2000. NCCBL is the restructured form of the
first investment company in the country, the National Credit Limited (NCL), which
started business with a paid up capital of Tk 50 million and survived 8 years before its
normal operations were suspended.
A 23-member board of directors, including the chairman and a vice-chairman oversees
the affairs of the bank. The managing director is its chief executive. In 2001, the bank
had 38 branches and 502 employees. The registered head office of the bank is at
The bank conducts traditional commercial banking functions as well as foreign
exchange business and provision of other financial services. At present, the bank's
main focus is on the delivery of personalised customer services and expansion of its
clientele base.
On 31 December 2000, the total deposits of the bank stood at Tk 10,557.72 million,
which comprised short-term deposits (Tk 792.21 million), savings deposits (Tk 923.96
million), current deposits (Tk 1,016.59 million), fixed deposits (Tk 5,159.21 million),
deposit schemes (Tk 474.51 million), bearer certificates of deposits (Tk 755.05
million), and deposits in other accounts.
The lending policy of the bank follows guidelines of the BANGLADESH BANK. In addition to
traditional financing of industrial and commercial activities, the bank introduced
Consumer Credit Scheme for rapid growth of customer base, which targets at the
fixed income group of population. It also introduced lease financing and extended
project financing and industrial loans in syndication with other banks. In 2000, the
total loans and advances, including the amount disbursed to directors and staff of the
bank amounted to Tk 7,965.14 million and loans to the customers were Tk 7,407.33
million. In that year, the bank's non-performing loans (cumulative) were Tk 7,965.14
million the amount of its classified loans was Tk 7,100 million.
The investments of the bank in 2000 stood at Tk 1,722.01, of which Tk 1,571.39
million was in government TREASURY BILLs and the remaining amount was in debentures,
ordinary shares of companies and PRIZE BONDs. Income from such investments in that
year was Tk 140.62 million.
Foreign exchange business handled by the bank in 2000 amounted to Tk 12,356
million, which included import financing Tk 10,035 million, export servicing Tk 2,154
million and remittance facilities Tk 167 million. The bank established correspondent
relationships with 21 foreign banks at different international financial centres.
In 2000, the total assets including the off-balance-sheet items of the bank were
valued at Tk 18,903.6 million. The bank started its operations in treasury dealing at
local MONEY MARKET and in foreign currencies at its head office in Dhaka in 1999. In the
same year, it became a member of SWIFT (Society for Worldwide Financial
Telecommunications). It commenced the operations of Money Gram, a worldwide
renowned quickest mode of transfer of fund from one country to another, in
November 1998. The bank earned a net profit of Tk 413 million in 2000.
[S M Mahfuzur Rahman]