NCC Bank to provide supply chain finance to Akij suppliers

NCC Bank PLC has signed a memorandum of understanding (MoU) with six companies of Akij Resource Group to introduce a comprehensive supply chain finance (SCF) arrangement for their designated suppliers.

The partner companies include Akij Essentials Limited, Hashem Rice Mills Limited, Akij Agro Feed Limited, Akij Ispat Limited, Nobayon Traders Limited and Akij Cement Company Limited.

Under the collaboration, NCC Bank will provide supply chain financing facilities to eligible and reputable suppliers of the Akij companies, enabling timely access to working capital against buyer-approved invoices. The initiative aims to ease liquidity constraints for suppliers and strengthen the overall supply chain ecosystem.

The MoU signing ceremony took place at NCC Bank's head office in Dhaka. Md Habibur Rahman, Deputy Managing Director of NCC Bank, and Md Ruhul Islam, Director of Akij Agro Feed Limited, signed the agreement on behalf of their respective organisations.

Also present at the ceremony were M Khurshed Alam, Additional Managing Director; Md Zakir Anam and Mohammed Mizanur Rahman, Deputy Managing Directors; Sharif Mohammad Mahsin, Senior Vice-President and Head of SME; Mufti Mustafizur Rahman, Senior Vice-President and Head of Branch and Business, NCC Bank Bhaban Branch; and Sheikh Sadi, Chief Treasury Officer of NCC Bank.

From Akij Resource Group, Sohanur Rahaman Sohan, Deputy Chief Operating Officer, as well as other senior officials from both organisations, attended the event.

Speaking on the occasion, M Khurshed Alam said the partnership underscores NCC Bank's commitment to supporting sustainable business growth by strengthening supplier ecosystems through innovative banking solutions. He noted that collaboration with Akij Resource Group companies, known for their strong market presence and operational excellence, reflects the bank's focus on building long-term partnerships that add value across the supply chain.