NCC Bank signs 'Issuing Bank Agreement' with Asian Development Bank

NCC Bank Ltd has signed an "Issuing Bank Agreement" with Asian Development Bank under its "Trade and Supply Chain Finance Program (TSCFP)" recently.

By this agreement, NCC Bank will avail guarantee facility from Asian Development Bank which will help the bank to get additional credit lines to support its foreign trade business, said a press release.

Mohammad Mamdudur Rashid, managing director and CEO of NCC and Neha Noronha, Investment Specialist of Private Sector Financial Institutions Division of ADB signed the agreement on behalf of their respective organisations.

Besides, Md Khondoker Nayeemul Kabir, additional managing director, Mohd Rafat Ullah Khan and M Asheq Rahman, deputy managing directors' of NCC Bank, Pamela Jhoanna N Gamilla, senior investment officer of Private Sector Financial Institutions Division of ADB and Syed Tofail Ali, SEVP and head of Operations, Mohammed Mizanur Rahman, SEVP and chief financial officer, Mohammed Sumon Rahman, SAVP of Financial Institutions Department along with other concern officials of NCC Bank were also present on the occasion.