Dhaka, Bangladesh (BBN)– The board of directors of National Credit and Commerce (NCC) Bank has approved 12.75 percent cash dividend for the year ended on December 31, 2015, officials said.
The approval was given in the Bank’s 31st annual general meeting (AGM) held at the Officers’ Club, Dhaka on Monday.
Chairman of NCC Bank S. M. Abu Mohsin presided over the meeting, while chairman of the Executive Committee Md. Nurun Newaz Salim, Chairman of the Audit Committee Md. Amirul Islam FCA FCS, Directors, Managing Director & CEO Golam Hafiz Ahmed, Additional Managing Director Mosleh Uddin Ahmed and a large number of Shareholders were also present in the AGM.

The Audited Financial Statements of the bank for the year ended on December 31, 2015 along with the directors and auditors’ report thereon placed before the shareholders at the AGM and was duly approved by them.

The bank’s chairman S. M. Abu Mohsin in his speech expressed that all key fields of operations of NCC Bank have recorded steady growth during the year 2015 and informed the meeting that the Bank is marching forward in a technology based environment recording constant progress with its efficient human resources.

Earlier on March 31, 2016, the board of directors of the bank recommended 12.75 percent cash dividend for the year ended on December 31, 2015.

The bank has also reported consolidated earning per share (EPS) of BDT 1.57, consolidated net asset value (NAV) per share of BDT 17.76 and consolidated net operating cash flow per share (NOCFPS) of BDT 2.84 for the year ended on December 31, 2015 as against BDT 1.69, BDT 16.14 and BDT 1.97 respectively for the year ended on December 31, 2014.

BBN/SSR/AD