NCC Bank launched four new SME products

Considering the importance and contribution to the national economy of CMSME sector as well as to support CMSME entrepreneurs, NCC Bank has launched four new SME products with attractive terms. These are "NCC Commercial Building Loan, NCC Commercial Vehicle Loan, NCC Supply Chain Finance and NCC Business Account".

M Shamsul Arefin, Managing Director and CEO of the Bank, unveiled these products at the SME Relationship Managers' Meet held at NCC Bank Bhaban, Dhaka, recently. Besides, Mahbub Alam, Mohd. Rafat Ullah Khan, Md Monirul Alam and Mohammed Mizanur Rahman, Deputy Managing Directors, Mohammed Anisur Rahman, SEVP and CIO, Mohammad Ridwanul Hoque, EVP and Head of Strategy & Emerging Business, Syed Hasnain Mamun, Head of Human Resources Division, Sharif Mohammad Mahsin, SVP and Head of SME, Nighat Mumtaz, Head of Women Banking and Sustainable Finance, Shahin Akter Nuha, Head of Cash Management and Md Solaiman-Al-Raji, Head of CRM-CMSME, and other concerned division officials were also present.

Managing Director and CEO M Shamsul Arefin said that NCC Bank, as a part of its commitment to creating customers' value, has launched four products for SMEs, e.g. Credit Facility ranging from BDT 20 Lac to BDT 10 Crore to purchase commercial space/Construction/renovation in the name of "NCC Commercial Building Loan", Credit facility ranging from BDT 5 Lac to BDT 5 Crore to purchase vehicles in the name "NCC Commercial Vehicle Loan", Credit facility ranging from BDT 1 Lac to BDT 5 Crore for Dealers, Suppliers, Agents & Distributors in the name of "NCC Supply Chain Finance" and interest-bearing current account for Cottage, Micro, Small and Medium Enterprises named "NCC Business Account". He hopes that these customised products will help CMSME entrepreneurs in meeting their needs.