Dhaka, Bangladesh (BBN)– National Credit and Commerce (NCC) Bank Limited will introduce banking products for schoolchildren to encourage them to build a habit of saving.
“We believe the school is not only a place for academic lessons, but also a place where a student must learn how an individual can be a meaningfully contributing member of the society,” Mohammed Nurul Amin, managing director of the private commercial bank, told reporters at his office in the capital Dhaka on Wednesday.
Speaking at a press conference on the occasion of marking the bank’s 19th anniversary, Nurun Newaz Salim, the chairman of NCC Bank, and Amin presented the bank’s achievements and future plans.
The bank will start the school savings program in rural areas and later spread the service across the country.
The products under school banking are Youngster Account, Youngster Moneyplant Account and Younger Maximus Account.
The NCCBL has also taken a number of steps to strengthen its operation.
“We’re going to open NCCB Exchange, (UK) soon to facilitate the inflow of remittance to our country from UK,” Mr. Amin said, adding that the bank has already signed agreements with 34 money transfer foreign companies to boost remittance inflow.
The bank started its journey with BDT 190 million in paid-up capital in 1992. Its paid-up capital was BDT 6.95 billion in 2011.
Salim said NCC Bank started its journey with 16 branches 19 years ago. Now it has 87 branches.
“Our corporate vision is to become the bank of choice in serving the nation as a progressive and socially responsible financial institution by bringing credit and commerce together for profit and sustainable growth,” he said.
BBN/SSR/AD-17May12-11:16 am (BST)