NCC Bank Securities signs loan deal with ICB

NCC Bank Securities and Financial Services Limited (NCCB Securities), a subsidiary of NCC Bank PLC, has recently signed a loan agreement with the Investment Corporation of Bangladesh (ICB).

Under the agreement, ICB has approved a loan of Tk 2,500 crore for NCCB Securities to invest in its own portfolio.

Niranjan Chandra Debnath, managing director of the Investment Corporation of Bangladesh (ICB), and M Shamsul Arefin, managing director of NCC Bank PLC and director of NCCB Securities, signed the agreement at a ceremony held at ICB's head office in Motijheel, Dhaka, according to a press release.

Speaking at the ceremony, Debnath said, "This agreement is not just a financial transaction; it is a symbol of mutual trust, cooperation, and our joint commitment to building a stronger and more sustainable capital market."

Arefin remarked, "We highly value our long-term relationship with ICB, which has been playing a significant role in the development and stability of the country's capital market."

"Today's collaboration is an expression of mutual trust and a joint commitment to responsibly strengthening and stabilising the capital market."

"NCC Bank is committed to financial transparency and corporate governance. This agreement will not only further strengthen our relationship but also pave the way for new strategic collaborations with ICB in the future," he added.

Md Nurul Huda, deputy managing director of ICB; Md Habib Ullah, general manager; Babul Chandra Debnath, deputy general manager; Ahsanul Arefin, chief executive officer of NCCB Securities; and Mohammad Delwar Hossain, first assistant vice-president, were also present.