NCC Bank revalues properties

Dhaka, Bangladesh (BBN): The NCC Bank has informed that the Board of Directors of the bank has approved the Revaluation of Land and Building (including apartments) of the Company from BDT 422,367,553.00 to BDT 606,920,406.00 with incremental value of BDT 184,552,853.00 with effect from 30 December 2012, which was valued by a survey company namely M/s. Hi-Tech Engineering Consultant duly certified by Bank’s external auditor M/s. Huda Vasi Chowdhury & Co., Chartered Accounts.

BBN/BB/AD/Jan15-13-11.30am (BST).

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