Md. Nurun Newaz Salim, Chairman of NCC Bank Limited, presides over an AGM of the Bank at Bashundhara Convention Centre in the city recently.

National Credit and Commerce Bank Limited (NCCBL) has approved 10 percent cash and 17 percent stock dividends for its shareholders for the year 2011.

The approval came from the Bank’s 27th annual general meeting (AGM) held at the Bashundhara Convention Centre in the city recently, said a press release.

Md Nurun Newaz Salim, Chairman of the Bank, presided over the AGM while Mohammed Nurul Amin, Managing Director were present on the occasion.

Directors, sponsors and a large number of shareholders were also participated the annual general meeting.

The director’s report and audited accounts of the Bank for the year ended on December 31, 2011 was placed before the shareholders at the AGM.

In his speech, Md Nurun Newaz Salim expressed that deposits, advances, profits, foreign exchange business, recovery of bad loans and advances and other fields of activities have recorded significant improvement of NCC Bank during the year 2011.

The Daily Sun/Bangladesh/ 12th April 2012