National Credit and Commerce Bank Limited (NCC Bank) collected deposit of Tk 76.51 billion during the first six months of the current fiscal year, which is 13 per cent more than that of the corresponding period of the previous fiscal.

The bank’s total loans and advances stood at Tk 67.08 billion in June 2011.

This was revealed at a two-day long half-early conference of branch managers and executives of the bank, concluded in the city yesterday, said a press release.

Chairman of the bank Md Nurun Newaz inaugurated the conference as chief guest while directors Sohela Hossain, K Z Mahmud, Tofazzal Hossain, Khairul Alam Chaklader and Professor Shahid Uddin Ahmed were present as special guests.

Mohammed Nurul Amin, managing director and chief executive officer of the bank, chaired the function while the bank’s additional managing director Golam Hafiz Ahmed, deputy managing directors AK Md Siddique, Swapan Kumar Das, Mohabbat Khan, TM Faruque Chowdhury, executives and branch managers, among others, were present. In his speech, bank’s chairman Nurun Newaz said: “Banking activities has radically been changed as it is not just procuring deposit and lending money in conventional way today.”

News: Daily Sun/ Bangladesh/ July-31-2011