NCCB Securities secures Tk 250 million loan from ICB
Business Desk :
NCC Bank Securities and Financial Services Limited (NCCB Securities), a subsidiary of NCC Bank, has signed a loan agreement with the Investment Corporation of Bangladesh (ICB), under which ICB has approved a loan of Tk. 250 million for NCCB Securities to invest in its own portfolio.
The facility is expected to support capital market stability by facilitating investment in NCCB Securities’ portfolio.
The agreement was signed and exchanged by ICB Managing Director Niranjan Chandra Debnath and NCC Bank Managing Director and Director of NCCB Securities M. Shamsul Arefin at a ceremony held at ICB’s head office in Motijheel, Dhaka.
Also present were ICB Deputy Managing Director Md. Nurul Huda, General Manager Md. Habib Ullah, Deputy General Manager Babul Chandra Debnath, NCCB Securities CEO Ahsanul Arefin, and FAVP Mohammad Delwar Hossain.
Speaking at the event, ICB Managing Director Niranjan Chandra Debnath said, “ICB has always been committed to supporting the capital market, strengthening financial institutions, and maintaining a stable investment environment in the country.
This loan facility reflects our continued commitment to capital market protection and ensuring the smooth financial operations of market intermediary institutions.
This agreement is not just a financial transaction-it is a symbol of mutual trust, cooperation, and our joint commitment to building a stronger and more sustainable capital market.”
NCC Bank Managing Director and Director of NCCB Securities M. Shamsul Arefin added, “We highly value our long-term relationship with ICB, which has played a significant role in the development and stability of the country’s capital market.
Today’s collaboration is an expression of mutual trust and a joint commitment to responsibly strengthening and stabilizing the capital market. NCC Bank is committed to financial transparency and corporate governance.
This agreement will not only further strengthen our relationship but also pave the way for new strategic collaborations with ICB in the future.”