NCC Bank
A Bangladeshi private commercial bank that began as an investment company and later became a scheduled bank.
Last updated August 24, 2026
AI crawler reads
No AI crawler has read this profile since Oct 28, 2026.
Overview
National Credit and Commerce Bank, commonly known as NCC Bank, is a Bangladeshi private commercial bank. The institution traces its origins to 1985, when it was established as an investment company under the name National Credit Limited, or NCL. It later received permission from Bangladesh Bank to operate as a scheduled commercial bank in 1993 and began banking operations with paid-up capital of Tk. 390 million. This transition placed NCC Bank within Bangladesh's regulated private banking sector and shifted its role from investment activity toward a broader commercial banking model. The bank's business is centered on conventional banking services for individuals, businesses, and institutions in Bangladesh. Its typical activities include deposit-taking, lending, remittance-related services, trade and transaction banking, payment services, and other commercial financial products. The available reference material does not provide a complete current product catalogue, branch count, asset profile, ownership structure, or international operating footprint, so those details are not stated here. NCC Bank is best understood as a domestic Bangladeshi banking brand rather than a globally operating bank. The bank's leadership has changed several times since the late 2000s. Tofazzal Hossain was elected chairman in 2008. In 2017, Md Nurun Newaz Salim became chairman and Mosleh Uddin Ahmed was appointed managing director and chief executive officer. Salim was re-elected chairman in 2019. Mohammad Mamdudur Rashid became managing director in December 2020, while Md Abul Bashar became chairman in September 2021. In October 2024, Alhaj Md. Nurun Newaz was elected chairman. The reference material identifies M. Shamsul Arefin as the current managing director and CEO, although it does not provide the date of his appointment. NCC Bank has also faced operational, governance, and technology-related scrutiny. In 2015, Bangladesh's Rapid Action Battalion arrested a bank employee in connection with the alleged embezzlement of BDT 89.8 million from remittance funds. In 2019, the Bangladesh Financial Intelligence Unit reportedly examined abnormal deposits associated with then-managing director Mosleh Uddin Ahmed, after which the board sought an explanation. The same year, NCC Bank was among three Bangladeshi banks reported to have been targeted by cyberattacks; the available account states that NCC Bank maintained that it did not suffer a financial loss. These incidents are part of the institution's documented public record, but the supplied sources do not establish final legal outcomes for every matter. In 2022, NCC Bank approved the issuance of a BDT 5 billion bond intended to support its Tier 2 capital requirements under the Basel III framework. The decision reflects the bank's efforts to strengthen regulatory capital and align its funding structure with prudential banking standards. NCC Bank's present identity therefore combines a long-established domestic banking franchise, conventional commercial financial services, continuing leadership transitions, and participation in Bangladesh's regulated financial system.
History
NCC Bank originated in 1985 as National Credit Limited, an investment company. Its early structure differed from that of a conventional deposit-taking bank. In 1993, the institution received permission from Bangladesh's central bank to become a scheduled commercial bank. It commenced banking operations with paid-up capital of Tk. 390 million, marking its formal entry into Bangladesh's regulated private banking sector. The institution subsequently developed under the NCC Bank name as a domestic commercial bank. Its activities have included conventional financial intermediation and services associated with retail, business, trade, remittance, and institutional banking. The available reference material does not provide a complete chronology of branch expansion, digital products, financial performance, or changes in ownership, so those aspects cannot be described reliably. Governance became a recurring feature of the bank's public history. Tofazzal Hossain was elected chairman in June 2008. In August 2017, Mosleh Uddin Ahmed became managing director and CEO, and Md. Nurun Newaz Salim, who was also associated with Electro Mart Limited and Central Insurance Company Limited, became chairman. Salim was re-elected in 2019. Mohammad Mamdudur Rashid took over as managing director on 30 December 2020. Md Abul Bashar was elected chairman on 5 September 2021, followed by the election of Alhaj Md. Nurun Newaz as chairman in October 2024. The supplied reference identifies M. Shamsul Arefin as the present managing director and CEO, but does not specify his appointment date. NCC Bank's record also includes incidents involving internal controls, financial scrutiny, and cybersecurity. In September 2015, the Rapid Action Battalion arrested a bank employee over alleged embezzlement of BDT 89.8 million from remittance funds. In May 2019, the Bangladesh Financial Intelligence Unit reportedly found abnormal deposits associated with managing director Mosleh Uddin Ahmed. The bank's board decided to discuss the matter and sought an explanation from him. The same month, NCC Bank was reported as one of three banks affected by cyberattacks. While Dutch-Bangla Bank was reported to have lost USD 3 million, NCC Bank and Prime Bank maintained that they had not suffered financial losses. The supplied material does not establish the final disposition of the financial-intelligence matter, the embezzlement case, or the cyber incident. In August 2022, NCC Bank approved a BDT 5 billion bond to support its Tier 2 capital requirements under Basel III. This decision reflects the importance of regulatory-capital planning in the bank's strategy and demonstrates its use of capital-market funding alongside ordinary banking operations. By 2024, the bank remained an active Bangladeshi private commercial bank with a succession of chairmen and managing directors documented in its public history.
- 2024
Alhaj Md. Nurun Newaz elected chairman
[1]Nurun Newaz was elected chairman in October.
- 2022
BDT 5 billion Tier 2 bond approved
[1]The bank approved a bond designed to support Basel III Tier 2 capital requirements.
- 2020
Mohammad Mamdudur Rashid appointed managing director
[1]Rashid took the managing director role on 30 December.
- 2017
New chairman and managing director appointed
[1]Mosleh Uddin Ahmed became managing director and CEO, and Md. Nurun Newaz Salim became chairman.
- 2008
Tofazzal Hossain elected chairman
[1]Tofazzal Hossain was elected chairman of NCC Bank in June.
- 1993
Received scheduled-bank authorization
[1]Bangladesh's central bank permitted the institution to operate as a scheduled commercial bank.
- 1985
Established as National Credit Limited
[1]The institution was founded as an investment company under the name National Credit Limited.
Products and positioning
A domestic Bangladeshi private commercial bank serving retail, business, and institutional customers through regulated banking and financial services.
Banking services
Retail banking
NCC Bank's retail banking activity encompasses the conventional services expected from a private commercial bank, including customer deposits, account services, payments, and personal finance. The supplied sources do not identify individual branded retail products or provide current pricing and eligibility information.
Business banking
Corporate and commercial banking
The bank serves business and institutional customers through commercial lending, transaction banking, trade-related finance, and other corporate financial services. Specific facilities, sector concentrations, and current product names are not documented in the supplied reference material.
Payments and remittances
Remittance services
Remittance handling forms part of the bank's documented banking activity. Remittance operations also featured in a 2015 alleged embezzlement case involving a bank employee. No complete description of current remittance channels or partner networks is available in the supplied sources.
Capital-market instrument · 2022
Tier 2 capital bond
In 2022, NCC Bank approved a BDT 5 billion bond intended to support its Tier 2 capital under Basel III. This was a capital-raising instrument for regulatory-capital purposes rather than an ordinary customer banking product.
Controversies
2019
Financial-intelligence scrutiny of executive deposits
The Bangladesh Financial Intelligence Unit reportedly identified abnormal deposits involving managing director Mosleh Uddin Ahmed. The board sought an explanation and planned to discuss the matter; no final resolution is provided in the reference.
2019
Cyberattack targeting Bangladeshi banks
NCC Bank was reported among three Bangladeshi banks targeted in cyberattacks. The bank maintained that it did not lose money, while the available account attributed a USD 3 million loss to Dutch-Bangla Bank.
2015
Alleged remittance embezzlement
A Rapid Action Battalion investigation led to the arrest of an NCC Bank employee over alleged embezzlement of BDT 89.8 million from remittance funds. The supplied material does not state the final judicial outcome.
Brand decisions
2022
Approve BDT 5 billion Basel III capital bondStrategyBackground
The bank sought to meet Tier 2 capital requirements under the Basel III regulatory framework.
Action taken
NCC Bank approved issuance of a BDT 5 billion bond.
Aftermath
The supplied material does not state the final issuance date, subscription result, or effect on the bank's capital ratios.
Bond size. BDT 5 billion approved (August 2022)
Sources2 sources
Cite this profile: Cite the canonical profile. /brand-wiki/ncc-bank · Editorial policy · How profiles are compiled