NCC Bank signs supply chain finance agreement with PRAN-RFL Group

NCC Bank has recently signed a Supply Chain Finance Agreement with PRAN-RFL Group, aiming to strengthen the financial ecosystem for PRAN-RFL's suppliers under the SME segment.

Through this agreement, suppliers of PRAN-RFL Group will be able to access financing facilities on easy terms to meet their working capital requirements from NCC Bank Branches across the country. This partnership reflects NCC Bank's commitment to fostering business growth through strategic partnerships by providing need-based financial solutions while enhancing support for the local supply chain network of one of the country's largest conglomerates.

The agreement was formally signed by M Shamsul Arefin, Managing Director of NCC Bank, and Uzma Chowdhury, CPA, Director of PRAN-RFL Group, on behalf of their respective organisations. The signing ceremony was attended by several senior officials from both organisations, including- M Khurshed Alam, Additional Managing Director, Md Mahbub Alam, and Md. Zakir Anam, Mohammed Mizanur Rahman FCA and Md Monirul Alam, Deputy Managing Directors, Md Shafiqure Rahman, SEVP and Head of Business and Branch, Gulshan Branch, Mohammad Mohibullah Khan, EVP and Head of Credit Risk Management Division, Saif Uddin Ahmed, EVP and Head of Credit Administration Division, Abul Quasem Md. Safiullah, Chief of Islamic Banking Division, Nighat Mumtaz, SVP and Head of Sustainable and Women's Banking; Sharif Mohammad Mahsin, SVP and Head of SME, AHM Abdus Sadik Khan, SVP and Head of Human Resources Division; Syed Towhid Hossain, SVP and Head of Operations, Shahin Akter Nuha, Head of Transaction Banking and Cash Management Division of NCC Bank.