NCC approves 17pc dividend

Staff Correspondent

29 September, 2020 12:00 AM printer

NCC approves 17pc dividend

NCC Bank Chairman Md Nurun Newaz Salim presides over the 35th Annual General Meeting of the bank at digital platform in the capital on Monday.

National Credit and Commerce Bank Limited approved 17 percent dividend (15pc cash + 2 pc stock) for its shareholders for the year 2019.

The approval came at the bank’s 35th Annual General Meeting (AGM) held at digital platform in the capital on Monday, said a press release.

Chairman of NCC Bank Md. Nurun Newaz Salim presided over the meeting while Vice-Chairman Sohela Hossain, Director Md. Abdul Awal, Engineer Abdus Salam, Md. Abul Bashar, Director and Chairman of the Executive Committee SM Abu Mohsin, Director Tanzina Ali, Director and Chairman of the Risk Management Committee Khairul Alam Chaklader, Director Md. Moinuddin, Mohammed Sazzad Un Newaz, Independent Director and Chairman of the Audit Committee Itrat Husain, Independent Director and Chairman of the Nomination and Remun-eration Committee Nurul Islam Chowdhury, Managing Director and CEO Khondoker Nayeemul Kabir and Company Secretary Md. Monirul Alam along with a large number of shareholders joined the AGM.

The Audited Financial Statements of the Bank for the year ended on December 31, 2019 along with the Auditors’ report thereon and Director's report were placed before the Shareholders at the AGM and were duly approved by them.