NCC Bank has been recognized as a “Sustainable Bank” for the year 2024 by Bangladesh Bank, marking a significant achievement for the bank. The recognition was celebrated with a modest ceremony at the bank’s head office.
During the event, Managing Director M. Shamsul Arefin, along with senior executives, cut a cake to mark the occasion. Other key attendees included Additional Managing Director M Khurshed Alam, Deputy Managing Directors Md. Mahbub Alam, Md. Zakir Anam, Mohammed Mizanur Rahman, Md. Monirul Alam, and Head of Sustainable and Women’s Banking Nighat Mumtaz, along with departmental heads from the bank’s head office.
This recognition comes after NCC Bank was ranked among the top 10 sustainable banks for its significant contributions to sustainable financial activities in 2024, as acknowledged by Bangladesh Bank.
M. Shamsul Arefin, Managing Director of NCC Bank, congratulated the bank’s officers and employees for their collective efforts in achieving this milestone. “We have always followed the guidelines and policies set by Bangladesh Bank,” Arefin said. He further stated that the recognition was the result of consistent success in five key areas: green and sustainable financing, corporate social responsibility (CSR) initiatives, refinancing for environmentally friendly projects, sustainable banking indicators (such as deposit collection, loan disbursement, loan recovery, non-performing loans, capital adequacy, and annual profit), and the expansion of banking services.
In 2024, NCC Bank reported an 11% growth in deposits, a 5% growth in loans, and a 497% increase in sustainable finance. Green finance increased by 272%, and SME loans grew by 11%. Under CSR initiatives, the bank distributed agricultural materials to around 15,000 marginal farmers. The bank also saw remarkable responses in its Shariah-based “NCC Islamic Banking” and the “NCC Paroma” Banking initiative, which focuses on empowering women and creating entrepreneurs.
Through its digital banking platform “NCC Always” smart app, the bank ensured easy access to banking services for customers anytime and anywhere. M. Shamsul Arefin expressed optimism for the bank’s future and its continued commitment to improving sustainable finance and overall banking performance.