NCC Bank Review: Expanding Services Amid Regulatory Concerns

WikiFX | 2025-05-16 11:45

Abstract：National Credit and Commerce Bank Limited (NCC Bank) is an old commercial bank in Bangladesh, which provides a complete range of banking services of retail, SME, corporate, and Islamic banking. Although under the regulation of Bangladesh bank, the bank is not a licensed foreign exchange broker, making it suspicious for international investors.

NCC Bank Limited is among the leading commercial Banks in Bangladesh. It provides a wide range of conventional and Islamic banking facilities. Guided by its mission to be the most service- oriented bank in the country, NCC Bank caters for both individual and corporate clients through a wide variety of financial products.

The institution was initially formed as an investment company in 1985 then converted to a full-fledged commercial bank in the year 1993. Currently, NCC Bank is known for its corporate governance, the digitized banking solutions and a customer-centric strategy.

Bank Name – National Credit and Commerce Ltd.
Abbreviation – NCC Bank
Registration Country – Bangladesh
Website - https://www.nccbank.com.bd/

Regulatory & Licensing Information

NCC Bank is a scheduled bank under Bangladesh Bank being the central bank and regulator for banking industry of Bangladesh. It is also traded in Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).

Regulated by: Bangladesh Bank
Listing: Dhaka & Chittagong Stock Exchanges

Core Services & Banking Segments

NCC bank provides diversified services under such key segments:

Retail Banking

Savings Accounts
Current Accounts
Fixed Deposits
Debit & Credit Cards
Locker Services

Corporate Banking

Working Capital Financing
Trade Finance
Syndicated Loans
Structured Finance

SME Banking

Term Loans
SME Business Loans
Women Entrepreneurship Loans

Islamic Banking (Taqwa Banking Unit)

Shariah-compliant deposit schemes
Products in investment that are informed by Islamic principles

Digital Banking Solutions

NCCBL Mobile App
Internet Banking
SMS Banking
eStatements & ePassbook

Products and Services

NCC Bank Digital App
A mobile banking app for hassle-free fund transfer, utility bills payments, and account guidance.
Islamic Banking Division – Taqwa
Shariah based investment and deposit schemes designed for the clients that prefer non-interest banking
Remittance Services
Commitment to providing partnerships with more than 500+ international exchange houses in fast and secure remittance.
Corporate Social Responsibility (CSR)
Participation within education, healthcare, and disaster relief programs under its CSR programs.

Branch & ATM Network

Branches: Over 125 branches across Bangladesh
ATM Booths: 65+ locations nationwide
Agent Banking: Increasing the rural financial inclusion through their increasing agent network

As NCC Bank grows its digital offerings and customer base, it has also faced regulatory and public attention on numerous occasions in the last few years for questions of financial irregularities, misappropriation of funds, and internal governance issues. Several prominent claims have surfaced involving embezzlement of funds by former officials of NCC Bank. These allegations, along with concerns over questionable leadership ethics, have triggered investigations by both the Anti-Corruption Commission (ACC) and the Bangladesh Bank.

Conclusion

NCC Bank Limited is a strong and service-oriented bank in Bangladesh and offers retail, corporate, SME, and Islamic banking solutions. However, lately, some governance problems and regulatory actions have tainted its image to some degree. Clients are encouraged to keep updated, monitor developments, and catch up with updates on compliances aspects before they garner their finances.