NCC Bank approves 15% dividend

National Credit and Commerce Bank Ltd has approved 15% dividend -- 7.5% Cash and 7.5% Stock -- for the year ended on December 31, 2020.

The approval came at the 36th annual general meeting (AGM) of the bank held virtually on Thursday, read a press release.

Highlighting the bank’s overall business progress, SM Abu Mohsin, the bank’s chairman, said that while the shareholders’ equity, total assets, and EPS are increasing gradually, the cost of fund and net classified loans are decreasing, which reflects in credit ratings and CAMELS rating of the bank.

He noted that the bank is continuously maintaining positive growth by assuring transparency and accountability as well as using advanced technology and ensuring better customer services which will continue in the future also.

Vice-Chairman Md Abul Bashar, Executive Committee Chairman Engineer Abdus Salam, Risk Management Committee Chairman Md Nurun Newaz Salim, other directors, top officials and a large number of shareholders attended the meeting.