Annual Report 2015

Page
04
Page
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Page
Letter of Transmittal
Notice of the 31st Annual

General Meeting
Page
06
Our Mission
Our Core Values
Group Corporate Structure
Milestones
Board of Directors
30
33
Corporate Information
Board of Directors Profile
Page
37
Page
55
Disclosure on
Green Banking
Page
59
Executives
60
Credit Rating Report
Graphical Presentation
Page
Management Committee
Message from the

Desk of the Chairman
Message from the

Managing Director & CEO
Performance of the
Bank at a Glance
64
Page
72
Page
73
Page
77
Page
35
Value Added Statement
79
Page
Economic Value Added

Statement
Market Value Added
Statement
Page
36
Disclosure on Risk
Based Capital (Basel-III)
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Page
Page
15
26
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Page
14
25
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Page
12
23
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Page
10
21
Risk Management
Committee of the Board
Page
Page
09
20
Audit Committee
of the Board
Page
Page
08
Page
Page
Our Vision
Page
07
19
Executive Committee
of the Board
82
Directors Report
Certificate of compliance
of Corporate Governance
Guidelines
BSECs Guidelines for
Corporate Governance
& Compliance Status
Compliance Report on
BSECs Notification
Report of the Audit

Committee of the Board
Report of the Managing

Director & CEO and the
Chief Financial Officer
Financial Statements
Page
84
Page
177
Page
183
Page
184
Auditors Report &

Solo and consolidated
Page
198
Page
Financial Statements of
Off-Shore Banking Unit
Directors Report
of NCCB Securities and
Financial Services Ltd.
Auditors Report &
of NCCB Securities and
199
Page
206
Directors Report
of NCCB Capital Ltd.
Auditors Report &

of NCCB Capital Ltd.
of NCCB Exchange
(UK) Ltd.
Page
207
Page
208
Page
213
Products & Services
Page
215
Page
Online Banking
Branches Nationwide
219
Photo Gallery
Proxy Form & Members

Attendance slip.
All Valued Shareholders of NCC Bank Limited,

Bangladesh Bank,
Bangladesh Securities and Exchange Commission,
Registrar of Joint Stock Companies & Firms,
Dhaka Stock Exchange Limited and
Chittagong Stock Exchange Limited.
Dear Sir (s):
Annual report of NCC Bank Limited for the year ended 31 December 2015.
We are pleased to enclose a copy of Banks Annual Report together with the Audited
Financial Statements (consolidated and solo basis) as on December 31, 2015 of NCC Bank
Ltd. and its subsidiaries for your kind information and record.
With best regards,

Yours sincerely,
A.K.M. Nazmul Haider

Company Secretary (c.c.)
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04
Registered Office: NCC Bank Bhaban, 13/1 & 13/2, Toyenbee Circular Road, Motijheel C/A., Dhaka-1000, Bangladesh.
Phone: PABX: 880-2-9561902-4, 9563981-3., Email: boarddivision@nccbank.com.bd, Website: www.nccbank.com.bd
NOTICE OF THE 31ST ANNUAL GENERAL MEETING

Notice is hereby given to all Members (i.e. Shareholders) of National Credit and Commerce Bank Limited that the 31st
Annual General Meeting (AGM) of the Members of the Company will be held on June 20, 2016 (Monday) at 11.00 a.m.
in the Officers Club Dhaka (Ground Floor), 26, Baily Road, Ramna, Dhaka-1000 to transact the following business:
1. To receive, consider and adopt the Audited Financial Statements of the Company for the year ended on 31st
December, 2015 together with the Auditors Report and Directors Report thereon.
2. To approve dividend for the year ended as on 31st December, 2015 as recommended by the Board of Directors.
3. To elect/re-elect Directors as per law & Articles of Association of the Company and to approve the re-appointment
of Independent Directors of the Company.
4. To appoint External Auditors for the year 2016 and to fix their remuneration.
5. To transact any other business with the permission of the Chair.
By order of the Board of Directors,
Dated: Dhaka
March 30, 2016
Sd/A.K.M. Nazmul Haider

Company Secretary (c.c.)
Notes:
A. The Board of Directors has recommended 12.75% (twelve point seven five percent) Cash Dividend for the
Shareholders of the Company for the year ended 31st December, 2015, subject to approval in the Banks 31st Annual
General Meeting.
B.
The Record Date for the AGM is April 25, 2016.
C.
The Shareholders whose names appear in the Register of Members of the Company on the Record Date will be
eligible to attend the AGM and will be entitled to the dividend.
D. The Proxy Form, duly signed by the Member(s) and must be affixed with requisite revenue stamp and must be
submitted to the Share Department of the Company at its Registered Office at NCC Bank Bhaban (3rd Floor), 13/1
& 13/2, Toyenbee Circular Road, Motijheel, C.A. Dhaka-1000, not later than 48 hours before the time fixed for the
Annual General Meeting.
E.
Change of address (if any) should be notified by the Members (i.e. Shareholders) to their related Depository
Participant(s).
F.
Election of Directors will be dealt with in accordance with Articles of Association of the Company and relevant laws
Rules/Circulars/Notifications of Regulatory Bodies in force. The detailed schedule for election of Directors from
Group-C i.e. General Public Shareholders will be available in the Banks Notice Board at its Registered Office at NCC
Bank Bhaban, 13/1 & 13/2, Toyenbee Circular Road, Motijheel, C.A. Dhaka-1000.
G. The Annual Report-2015 and Proxy Form will be available at the Banks Share Department at Registered Office and
in the Banks website at www.nccbank.com.bd.
H. No gift or benefit in cash or kind shall be paid/offered to the Shareholders in the 31st AGM as per directives
of BSEC, lastly being issued vide ref. No.SEC/CMRRCD/2009-193/154 dated 24 October, 2013.
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To become one of the most adorable commercial Bank in

serving the Nation as a progressive and socially responsible
financial institution by bringing credit & commerce together
for increased Shareholders value and sustainable growth.
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06
Delivering excellent financial service to our communities based

on strong customer relationship.
Providing long lasting solutions that combining our cutting
edge technology, experience and financial strength to our
clients and stakeholders.
Creating a cohesive and friendly environment where
customers and our people can excel.
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ACCOUNTABILITY
COMMITMENT
CONFIDENTIALITY
INTEGRITY
PROFESSIONALISM
RESPECT FOR INDIVIDUAL
RESPECT FOR NATURE
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08
NCC Bank Limited
NCCB Capital
Limited
NCCB Securities and

Financial Services Limited
Page
09
18 November 1985
Incorporation of the
company as Investment
Company
Certificate of
Commencement of
Business as
Investment Company
25 November 1985
License issued for
opening the first Branch
15 May 1993
17 May 1993
License issued by
Bangladesh Bank
1988
10 March 1988
Membership of Dhaka
Stock Exchange Limited
with National Credit
Limited
10
30 November 1999
Prospectus date
12 December 1999
Subscriptions opens
FIRST TIME ISSUANCE

OF RIGHTS SHARE:
21 December 2005
Subscription opens
26 December 1999
Subscriptions closes
1993
1985
Page
INITIAL PUBLIC OFFERING:
Converted and newly

incorporated from
Investment Company to
Banking Company
2005
1999
1997
2000
09 December 1997
INITIAL PUBLIC OFFERING:
Membership of Dhaka
16 May 2000
Listed with Chittagong
Stock Exchange
28 May 2000
Listed with Dhaka
Stock Exchange
December 2014
11 October 2007
Membership of Chittagong
14 June 2011
Incorporation of NCCB
Exchange (UK) Limited
2007
2006
FIRST TIME ISSUANCE
OF RIGHTS SHARE:
04 January 2006
Subscription Closes
Shifting of Corporate
Head Office of the Bank
at its own 22 storied
Building
NCC
Bank
Bhaban at Motijheel.
Unveiling our New Face:
Change of logo of the Bank.
2011
2010
01 April 2010
Incorporation of
NCCB Capital Limited
04 April 2010
Incorporation of NCCB
Securities and Financial
Services Limited
SECOND TIME ISSUANCE
OF RIGHTS SHARE:
2014
2013
19 May 2013
NCCB Mobile Banking
SURE CASH
Launching
29 December 2013
Hundred Branch
Coverage of
NCC Bank Limited
2015
Certificate
of
appreciation from
Bangladesh Bank
for achieving the
distribution target
of Agricultural a
Rural Credit for the
year 2013-2014
11 April 2010
Subscription opens
06 May 2010
Subscription Closes
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11
MR. S.M. ABU MOHSIN

CHAIRMAN
MRS. SOHELA HOSSAIN

VICE CHAIRMAN
MR. A.S.M. MAIN UDDIN MONEM

DIRECTOR
MR. AMJADUL FERDOUS CHOWDHURY

DIRECTOR
MR. ABDUS SALAM

DIRECTOR
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MR. MD. ABDUL AWAL

DIRECTOR
MR. YAKUB ALI

DIRECTOR
ALHAJ MD. NURUN NEWAZ

DIRECTOR
MR. KHAIRUL ALAM CHAKLADER

DIRECTOR
MR. MD. ABUL BASHAR

DIRECTOR
MR. MD. HARUNUR RASHID

DIRECTOR
MR. MD. MOINUDDIN

DIRECTOR
MR. MD. AMIRUL ISLAM, FCS, FCA

INDEPENDENT DIRECTOR
MR. K.A.M. HAROON

INDEPENDENT DIRECTOR
MR. GOLAM HAFIZ AHMED

MANAGING DIRECTOR & CEO
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CHAIRMAN :
VICE CHAIRMAN :
CHAIRMAN :
EXECUTIVE COMMITTEE OF THE BOARD
CHAIRMAN :
AUDIT COMMITTEE OF THE BOARD
CHAIRMAN :
RISK MANAGEMENT COMMITTEE OF THE BOARD
MANAGING DIRECTOR & CEO :
COMPANY SECRETARY (c.c.) :

A.K.M. NAZMUL HAIDER
MR. MOHAMMED MIZANUR RAHMAN FCA
STATUTORY AUDITORS :
ACNABIN
Chartered Accountants
BDBL Bhaban (Level-13 &14)12, Kawran Bazar
Commercial Area, Dhaka-1215, Bangladesh.
CREDIT RATING AGENCY :
CORPORATE GOVERNANCE CERTIFICATE ISSUER:
REGISTERED OFFICE :
14
MRS. SOHELA HOSSAIN
CHIEF FINANCIAL OFFICER :
LEGAL ADVISOR :
Page
MR. S.M. ABU MOHSIN
Barrister Khan Mohammad Shameem Aziz

Shameem Aziz & Associates
Suit No. 502(5th Floor), Paramount Heights, 65/2/1,
Box Culvert Road, Purana Paltan, Dhaka-1000 , Bangladesh.
Alpha Credit Rating Limited
Sadharan Bima Bhaban-2(8th Floor)
139, Motijheel C/A, Dhaka-1000, Bangladesh.
MABS & J PARTNERS
SMC Tower (7th Floor)
33, Banani C/A, Road 17, Dhaka-1213, Bangladesh.
NCC Bank Bhaban
13/1 - 13/2, Toyenbee Circular Road, Motijheel
C/A, Dhaka - 1000, Bangladesh, PABX: 880-2-9561902-4,
9566283, 9563981-3, Fax: 880-2-9566290,
e-mail: info@nccbank.com.bd
Web: www.nccbank.com.bd
S.M. ABU MOHSIN

Chairman
Mr. S.M. Abu Mohsin is a Commerce graduate. He is also the

Chairman of NCCB Securities & Financial Services Limited, a
subsidiary company of NCC Bank Ltd. He is immediate past
Chairman of the Executive Committee of the Board. One of the
successful entrepreneurs of the country. Mr. Mohsin was the
Chairman of Continental Insurance Co. Limited, a reputed General
Insurance Company of the country. He is also associated with the
organizations namely Alliance Deep Sea Fishings Ltd., Brothers
Oxygen Ltd., Food of Accommodation Limited etc.
Mrs. Sohela Hossain is Masters in Arts. She is the spouse of Banks

Honble Director and past Chairman, late Mir Zahir Hossain, who was
also a renowned businessman and entrepreneur of the country. She
has been handling the family business besides being a media
personality known as a very good professional singer of Rabindra
Sangeet. She is associated with the organizations namely, Mir Akhter
Hossain Ltd., Mir Cement Ltd., Mir Real Estate Ltd., Mir Telecom Ltd.,
Mir Group of Companies Ltd. etc.
A.S.M. MAIN UDDIN MONEM

Director
SOHELA HOSSAIN
Vice Chairman
Mr. A.S.M. Main Uddin Monem is an MBA from University of Harvard, USA.
He is immediate past Vice Chairman of the Bank. Presently he is the
Chairman Risk Management Committee of the Board. He is also the
Chairman of NCCB Capital Limited, proposed a subsidiary company of the
Bank. He is engaged in family business in the name of Abdul Monem Ltd.
Being a leading business entrepreneur of the country, he earned the
dignified CIP recognition from the Government of the Peoples Republic of
Bangladesh for the years 2014/2015. He is the Honorable Member of the
Board of Trustees of Independent University of Bangladesh (IUB).He is also
associated with the organizations namely, Abdul Monem Sugar Refinery
Ltd, Igloo Foods Ltd, AM Securities and Financial Services Limited, AM
Energy Ltd, Novus Pharmaceuticals Limited, AM Auto Bricks Limited,
Millennium Cement Limited, MM Holdings Limited etc.
Mr. Md. Abdul Awal is a Science graduate. He was Chairman of the Bank during
the crucial period of its journey as a full fledged private commercial Bank of
the country. He is the founder of esteemed Prime Group of Industries of which
M/s. Prime Spinning Textile Mills Ltd. is one of the prestigious and modern
spinning mill of the country. He is also one of the pioneer entrepreneurs in the
countrys Ship Breaking Industry. He was president of Bangladesh Textile Mills
Association. He is an Honorable founder member of the Board of Governors of
North South University, Dhaka and shouldered the responsibilities as its
Chairman. He is also associated with many organizations under Prime Group
of Industries, a few to name are Prime Steel Re-Rolling Mills Ltd., Doleswar
Iron & Engg. Works Ltd., Prime Synthetic Yearn Mills Ltd., Prime Composite Mills
Ltd., Prime Steel Mills Ltd., Prime Energy Ltd. etc.
MD. ABDUL AWAL

Director
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AMJADUL FERDOUS CHOWDHURY

Director
Mr. Amjadul Ferdous Chowdhury is a Commerce graduate.

He was one of the pioneers in establishing Garments
Industry in Bangladesh. He earned the prestigious CIP
recognition from the Government of the Peoples Republic
of Bangladesh for the years 1998/1999. He is a senior leader
of Bangladesh Garments Manufacturers and Exporters
Association (BGMEA). Mr. Chowdhury is associated with the
organizations, namely B.S.A. Garments Ind. (Pvt.) Limited,
Vanguard Garments Ltd., Glare Fashion Limited, Royal
Cement Limited, BSA Shipping Limited, etc.
Mr. Abdus Salam is an Electrical Engineer. As an expert in

electrical installations, Mr.Salam with his expertise helped
installing a number of Power Stations in the country. Mr.
Salam is associated with the organizations namely, The
Bengal Electric Ltd., Multipul Equipment & Engineering Ltd.,
Gangatia Fisheries Ltd., Bengal Shipyard Ltd. etc.
YAKUB ALI
Director
Mr. Yakub Ali is an Arts graduate. A leading businessman of the Country.

Mr.Ali was the Vice President of Chittagong Chamber of Commerce and
Industry, (CCCI). He was also a Director of Chittagong Stock Exchange,
(CSE). He is associated with the organizations, namely Ali Fashion
Limited, Anowara Paper Mills Limited, Diamond Cement Limited, HG
Aviation Limited, Maam Textile Mills Limited, Bangladesh Fertilizer &
Agro Chemicals Ltd., Regent Spinning Mills Ltd, Regent Energy and Power
Ltd. etc.
Alhaj Md. Nurun Newaz is the immediate past Chairman of the Bank, and at
Present Chairman of the Executive Committee of the Board. He has a wide
range of business experience in the electrical and electronics segment in the
country and has been playing a leading role in this industry. He was also
Chairman of Central Insurance Co. Limited, a reputed General Insurance
Company of the country. He is a member of the Board of Trustees of Feni
University and a member of the Federation of Bangladesh Chamber of
Commerce and Industry (FBCCI). He is also the Senior Vice President of the
Chittagong Chamber of Commerce and Industry (CCCI). He is associated with
the organizations namely, The Royal Bengal Agency, Electro Mart Limited,
Royal International, Trade International Marketing Ltd., Newaz International
Ltd., Electro Appliance Mfg. Industries Ltd. etc.
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ABDUS SALAM
Director

Director
MD. ABUL BASHAR

Director
Mr. Md. Abul Bashar is B.S. in MIS from USA. He is

associated with the Prime Group of Industries shouldering
responsibilities in strong key positions. With the help of his
academic knowledge gathered from abroad, he is
contributing a lot for upward growth of his business
houses. He is associated with the organizations namely
Prime Textile Spinning Mills Ltd., Prime Composite Mills
Ltd., Prime Information Technology Ltd., Unique Steel
Industries Ltd., Prime Steel Re-rolling Mills Ltd., Doleswar
Iron & Engg. Works Ltd., Prime Ship Breakers Ltd. etc.
Mr. Md. Harunur Rashid is Masters in Arts. He was a Member

of the Parliament of the country. Mr. Md. Harunur Rashid is a
renowned businessman of the country and has been
associated with the organizations namely, Nazma
Construction Company, Faridgonj Fisheries Ltd., Global
Insurance Ltd., NCC Holdings Limited, Apuraba Embroidery,
etc. He was one of the District Governors of the Lions Club.
KHAIRUL ALAM CHAKLADER

Director
MD. HARUNUR RASHID

Director
Mr. Khairul Alam Chaklader is a Commerce graduate. He is a

leading business entrepreneur of the country. He is actively
associated with a number of companies in the medical,
pharmaceuticals, Real Estate and electronics segments,
like-Desh Medical College & Hospital, Desh Diagnostic
Center, MOS-5 Tel Ltd., Orbit Pharmaceuticals Ltd., Gold
Vision Industries Ltd., Maxwell Electronics etc.
Mr. Md. Moinuddin is a qualified pilot serving in a reputed

International Airlines. He as gathered the required flying
expertise from the United Kingdom. He is a successful
young entrepreneur associated with a number of
companies in the Real Estate Industry, Hotel Industry like
Janata Real Estate, Central Paris, Salam Trading, Gausia
Trading, etc.
MD. MOINUDDIN
Director
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MD. AMIRUL ISLAM, FCS, FCA

Independent Director
Mr. Md. Amirul Islam FCS, FCA completed prestigious

professional degrees of Chartered Secretary and Chartered
Accountant. He is an Independent Director of the Bank. He is
the Chairman of the Audit Committee of the Board of Directors
of the Bank. A diversified and successful professional. Mr.
Amirul Islam is also Independent Directors of other
organizations namely The Dacca Dyeing & Manufacturing Co.
Ltd. and Hakkani Pulp and Paper Mills Ltd. He is also the Senior
Partner of K.M Hasan & Co, Chartered Accountants.
Mr. K. A. M. Haroon is a Science graduate. He is an Independent

Director of the Bank. He widely contributed to the nation as a
senior level executive of the Govt. of the Peoples Republic of
Bangladesh. As a successful professional personality, Mr.
Haroon has been working as Deputy Team Leader under
Regional Co-operation and Integration Project Rail
Component, a joint venture project of CANARAIL, SMEC, DB,
ACE Consultants Ltd.
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K. A. M. HAROON

CHAIRMAN
MR. S.M. ABU MOHSIN

MEMBER
MR. AMJADUL FERDOUS CHOWDHURY

MEMBER
MRS. SOHELA HOSSAIN

MEMBER
MR. ABDUS SALAM

MEMBER
MR. A. S. M. MAIN UDDIN MONEM

MEMBER
MR. YAKUB ALI

MEMBER
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19

CHAIRMAN
MR. MD. ABUL BASHAR

MEMBER
MR. KHAIRUL ALAM CHAKLADER

MEMBER
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20
MR. MD. HARUNUR RASHID

MEMBER
MR. K.A.M. HAROON

MEMBER

CHAIRMAN
MR. S.M. ABU MOHSIN

MEMBER

MEMBER
MR. ABDUS SALAM

MEMBER
MR. MD. ABUL BASHAR

MEMBER
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MANAGING DIRECTOR & CEO

ADDITIONAL MANAGING DIRECTOR

MR. MOSLEH UDDIN AHMED
DEPUTY MANAGING DIRECTOR

MR. MD FAZLUR RAHMAN
MR. ABU ZAFORE MD SALEH
COMPANY SECRETARY (c.c.)

MR. A.K.M. NAZMUL HAIDER
SR. EXECUTIVE VICE PRESIDENT

MR. ISHTIAQUE AHMAD
MR. MUKHTAR AHMED
MR. A.B.M. ABDULLAH
MR. MOHAMMAD WAHEDUR RAHMAN
EXECUTIVE VICE PRESIDENT

MR. SYED MOHAMMAD MASUM
MR. SUBODH CHANDRA SAHA
MR. ASHIM KUMAR SAHA
MR. JOYNUL ABEDIN
MR. MD ABDUL AWAL
MR. ZALAL UDDIN CHOWDHURY
MR. MAHFUZUR RAHMAN KHAN
MR. MOHAMMED MIZANUR RAHMAN FCA
MR. MOHAMMAD ABDULLAH
SR. VICE PRESIDENT

MR. GAZI HASSAN MAHMOOD
MR. MD. KHAIRUL ALAM
MR. SYED SHAHADAT HOSSAIN
MR. JAGADISH CHANDRA DEBNATH
MS. MARIA GOMES
MR. MD. MOHIUDDIN
MR. SHOAIB AHMED
MR. MD ABDUL HANNAN
MR. MD ABDUL BARI SARKER
MR. SALEH UDDIN AHMED CHOWDHURY
MR. A.R.M. SAOKOT HOSSAIN
MR. MD. ALI KADAR
MR. A.B.M. JASHIMUDDIN AHAMED
MR. MD. GIASUDDIN BHUIYAN
MR. HUMAYUN SHOAB
MR. TANVIR AHMED SIDDIQUE
SR. VICE PRESIDENT

MR. MD. ABDULLAH-AL-KAFI MAZUMDER
MR. SK SIRAJUL KABIR
MR. MANZURUL KARIM
MR. MD. SHAFIQURE RAHMAN
MR. FAKRUL ISLAM
MR. AGA MOHSENUL MULK
MR. MOIN UDDIN AHMED
MR. YUNUS KHAN
MR. SAIF UDDIN AHMED
MR. MOHAMMAD HANIF
MR. A.K.M.AHSAN KABIR
MR. KHIRKIL NOWAZ
VICE PRESIDENT
MR. MD SALIM ULLAH
MR. MD. ABDUL MATIN
MR. TAHER AHMED
MR. MD. MOSTAFIZUR RAHMAN KHANDAKER
MR. MD. NUR NABI
MR. A.K.M. KAMAL CHOWDHURY
MR. SALIM ULLAH
MR. SHUJA UDDIN
MR. SYED SADIQUR RAHMAN
MR. FARHAD AKHTER MD. SHAHRIYAR
MR. SYED NURUL HUDA
MR. MASUD KARIM KHAN
MR. MD. MIZANUR RAHMAN
MR. ANJAN DATTA
MR. KARTICK SEN
MR. MD. EKHLAS
MR. SARWARUL KABIR CHOWDHURY
MR. MD AMANULLAH
MR. MOHAMMAD KAMRUZZAMAN
MR. KISHALOY SEN
MR. MD ABDUL WADUD
MR. JAHANGIR HOSSAIN
MR. MD. MANSURUDDIN
MR. A.N.M OBAIDUR RAHMAN
MR. MUHAMMAD EMRANUL MUSABBIR
MR. MD TAIAB ALI KHAN
MR. A.K.M EKHLASUR RAHMAN
MR. MD HARUN-UR-RASHID
MR. MAHBUBUR RAHMAN
MR. MD NURUL AMIN
MR. SUSHIL KUMAR SAHA
MR. MIZANUR RAHMAN KHAN
MR. MASHESH PROSAD SARKER
MR. A.Z.M.JAHANGIR KHAN
MR. MD MAHFUZUR RAHMAN
Page
23
SR. ASSTT. VICE PRESIDENT

MR. JUBAIR HASAN KHAN
MR. MD ABDULLAH SHAHID
MR.MD. JAMAL UDDIN
MR. SHAMIMUL HOQUE
MR. SAADAT MUHAMMAD AYUB
MR. A.K.M. HUMAYUN KABIR
MR. MD. HANIF
MR. FAZLE MAHMUD
MR. MD HARUN-OR-RASHID
MR. A.H.M. ABDUS SADIK KHAN
MR. TAREQ MD FEROZ
MR. FAKHRUL PASHA CHOWDHURY
MR. MD LIAKOT ALI
MR. MOHD REZOWAN
MR. MOHAMMED LOKMAN
MR. K.A.S.M. KHALID KAUSAR
MR. A.S.M. TARIQUL ALAM
MR. MD AMINUL EHSAN
MR. A.K.M SHAHABUDDIN
MR. MD FORHAD HOSSAIN
MR. MD MAHBUB HOSSAIN
MS. SANJEEDA ISMAIL CHAUDHURI
MR. MD SOLMAN
MR. MD NAZRUL ISLAM
MR. SK SHAHADAT HOSSAIN
MR. MUFTI MUSTAFIZUR RAHMAN
MR. MUHAMMAD SHAHIDUL ISLAM
MR. MD WALIUL ISLAM
MR. MOHAMMAD NURUL HAQUE
MR. KHONDKER QAMRUZZAMAN
MR. MD MEHEDI HASAN
MR. MD JASHIM UDDIN
MR. MD MOSTAFIZUR RAHMAN
MR. ANISUR AHMAN MAJUMDER
MR. FEROZ AHAMED
MR. SULTAN SALAH UDDIN
MS. AYESHA SIDDIQUA
MR. A.K.M.FAKHAR UDDIN
MR. MD SHAKHAWAT HOSSAIN
MR. SHAH MOSTAFA KAMAL PASHA
MR. SHAMSUL HOQUE SARKER
MR. IFTEKHARUL AZIM
MR. JOYNAL ABEDIN
MR. KHALED AFZAL RAHIM
MR. MAHTAB IBNA MANNAN SARKER
MR. MAHFUZUL ISLAM
ASSTT. VICE PRESIDENT

MR. K.M.SHAFIQUR RAHMAN
MR. MEER MAHMOOD BILLAH
MR. MD KHAYYAM IQBAL TAHIN
MR. MD ZAMSHED HAIDER CHOWDHURY
MR. MD NACHER
MR. MD MAKSUMUL ISLAM
MR. ABDUL HALIM KHAN
MR. MD ANISUL KARIM MAZUMDER
MR. MD ABDUS SATTAR
MR. MD AKBAR HOSSAIN
MR. MD MUJIBUR RAHMAN
MS. BILKIS JAHAN CHOWDHURY
MR. A.S.M.MONJURUL MALEQUE
MR. MD SAROWAR KAMAL CHOWDHURY
MR. MD MOHI UDDN
MR. BORHANUDDIN MAZUMDER
MR. MD ANISUR RAHMAN
MR. MANTU KUMAR DAS
MR. S.M.REZAUL IMRAN
MR. SHAMSUR RAHMAN KHAN
MR. FAIZUR RAHMAN
MR. MD SALIM
MR. MD SHAKILUR RAHMAN
MR. A.Z.M ZAFOR ULLAH
MR. BIMAN KANTI GHOSE
MR. ABU MOHAMMAD SANAULLAH
MR. MIR MOHAMMAD SHAHINUR RAHMAN
MR. HAROON-UR-RASHID
MR. MOHAMMAD DIDARUL ALAM
MR. PRADIP KUMAR HALDER
MR. MD SHAFIQUZZAMAN BHUIYAN
MR. A.S.M.IQBAL HOSSAIN
MR. MD ZAKIR HOSSAIN
MR. A.S.M.KAMAL HOSSAIN
MR. MOHAMMAD SUMON RAHMAN
MR. MOHAMMAD EMDAD HOSSAIN
MR. S.M.SALAM
MR. WASIQUR RAHMAN
MR. MOHAMMAD ANISUL HAQUE
EXECUTIVES FOR SPECIAL ASSIGNMENT

PROJECT HEAD
MR. SYED MOHAMMAD BARIQULLAH
SPECIAL VIGILANCE OFFICER
ASSTT. VICE PRESIDENT
MR. SHYAMA PRASAD BHATTACHARJEE
MR. FAZLE AZIM

MR. ABUL MONSUR CHOWDHURY
MR. MUSTAFA TAYUB
MR. A.N.M. SADEQUE ELAHEE
CHIEF LAW OFFICER

MR. MD. ASHEKUR RAHMAN
HEAD OF SECURITY AND LOGISTICS

MAJOR MD. ABDUR RAZZAK (Retd.)
Page
24
2
4
7
8
Mr. Golam Hafiz Ahmed

Chairman
Mr. Mosleh Uddin Ahmed
2 Additional Managing Director
Member
Mr. Abu Zafore Md. Saleh
4 Deputy Managing Director
Member
Mr. A.R.M. Saokot Hossain
7 Sr. Vice President
Secretary
Mr. Ashim Kumar Saha

Executive Vice President
Member
Mr. Md. Abdullah-Al-Kafi Mazumder
Member
Mr. Md. Fazlur Rahman

3 Deputy Managing Director
Member
Mr. Mohammed Mizanur Rahman FCA
6 Executive Vice President & CFO
Member
MR. A.K.M. Ahsan Kabir
Member
Page
25
S.M. ABU MOHSIN

Chairman
Page
26
From the desk of the Chairman

Dear Fellow Shareholders,
I am immensely pleased to welcome you all to the 31st Annual General Meeting of NCC Bank Limited on this pleasant day.
My heartfelt gratitude goes to Almighty Allah to grace me with the opportunity to be present with you on this auspicious
occasion. This is my first meeting with you as the Chairman of the Bank after being elected last year, though, I had the
opportunity to meet you on several occasions in the past as a member of the Board of Directors of the Bank.
Dear Shareholders,
Banking in Bangladesh and economy as well witnessed some positive changes/developments in last few of years. The
sector has gone forward to embrace sophisticated technology based environment, thanks to the relentless efforts and
encouragement of Bangladesh Bank. The Central Bank itself has yet again recorded its success in maintaining exchange
rate at stable level and rate of inflation under control through its timely and prudent monetary policy. Fulfilling long
cherished expectation of the business community, the rate of interest against credit has been lowered at single digit by
the Banks. However, to keep the spread at satisfactory level and shed-off excess liquidity as well as to reduce cost of fund
rate against deposit was also reduced accordingly. Though these factors allowed us a breathing space in terms of cost of
fund and fuelled development, but they also created the necessity of control by regulatory bodies like Bangladesh Bank,
SEC, etc. over the affairs to streamline process and bring discipline. This also calls for strong infrastructure development to
be able to work in the changed environment successfully. A secured automated environment is also demand of the day
against the increase of cyber-crime. We would also need to pay attention to our human resources to improve and
motivate them to rise to the occasion and contribute to the cause. The importance of being compliant with the
regulations and rules of the governing bodies hardly be overemphasized as on their rating image of the Bank largely
depends.
In this backdrop, the activities of the Bank in 2015 have been made more organized and consolidated through reform
initiatives in some vital operational fields like Credit Management, International Trade, etc. the Management team of
skilled and experienced people on whom responsibilities of running the operation rests, performing its duties very
commendably. In 2015 the positive signs of their efforts have been observed in the operational result of the Bank in
various key indicators like Deposit, Advances, Profit, percentage of NPL, CAR and CAMELS rating awarded by Bangladesh
Bank. Attached Directors Report and financial disclosures will testify this statement.
Dear Patrons,
We are very much delighted for shifting our Head Office in its own 22 storied unique NCC Bank Bhaban situated at the
heart of the capital, Motijheel C/A. Adding extra touch to the activities of the Bank igniting a renewed sense of motivation,
spirit and zeal to work whole heartedly. This, along with a changed logo as part of re-branding efforts, played a pivotal role
in building the image of the Bank further. Like last year, we hope that this advantage will help us booking new business
and enhance profitability as expected.
The Bank is committed to discharge its Corporate Social Responsibilities. From the very inception, we paid due attention
to this and acted accordingly. So far different people oriented schemes have been undertaken that received tremendous
appreciation from all quarters of the society. We are extending stipend to meritorious but poor students of remote areas
of the country. Already a Day Care Center has started functioning at Motijheel organized in collaboration with some other
Banks. We are sincerely trying to establish a Hospital with all modern facilities and an Old Home for the hapless senior
citizens. Necessary arrangements are underway to that effect and we hope to have some positive turn soon.
Page
27
Our workforce, consists of skilled and experienced employees, is working under the leadership of able
Management Team steering them to the right path of success continuously. We at the Board are also taking
due care to enhance their knowledge base and skill level by endorsing befitting schemes of the
Management to face the challenge of ever changing scenario and to meet the expectation of the
stakeholders.
My strong belief is that the year 2016 will be a good one for us. All our positive and pragmatic endeavors will
hopefully enable us to ensure sustainable growth for the Bank.
Before concluding, I would like to take this opportunity to place my sincere thanks to the Govt. of Peoples
Republic of Bangladesh, Bangladesh Bank, Bangladesh Securities and Exchange Commission, both the Stock
Exchanges of the country, Registrar of Joint Stock Companies and Firms and other Regulatory Bodies for their
continued and prudent guidance and support to our activities.
My thanks are also due to my valued colleagues and comrades, members of the Board who are confident
enough to trust my views without which I would not have been able to discharge my responsibilities as the
Chairman. I sincerely thank Valued Shareholders, Clients, Well-wishers, and Patrons of the Bank for being with
us and supporting us all the time. I would also like to extend my thanks and gratitude to our friends at both
print and electronic media for their excellent support during the year. We hope to have the same
cooperation from them in future also in our effort for the welfare and growth of the country.
My thanks go to the members of the Management Team also for exhibiting excellent leadership to guide the
employees of all grades in coping-up with the rapidly-changing characteristics of the sector by instilling in
them leadership quality. With their tireless effort, the environment got a better look reflecting changed
cultural atmosphere and positive attitude. The employees also deserve my thanks for their confidence on the
Management for their welfare and play due role as expected of them.
With this, I declare this Annual General Meeting open.
Allah Hafez
S.M. Abu Mohsin

Chairman
Page
28
GOLAM HAFIZ AHMED

Managing Director and CEO
Page
30
MESSAGE FROM
THE MANAGING DIRECTOR & CEO
Bismillahir Rahmanir Rahim
Honorable Chairman, Vice Chairman and Honorable Members of the Board of Directors of the Bank present, valued
Shareholders, Representatives of Regulatory Bodies, senior executives of the Bank, our Friends from the Media, and
other dignitaries, Assalamu Alaikum,
I am greatly pleased to welcome you all to the 31st Annual General Meeting of NCC Bank Limited and convey my heart
felt sincere gratitude for making it convenient to attend this annual gathering of the Shareholders of the company
sacrificing your various important engagements. My sincere gratitude also goes to Almighty Allah to grace us with His
blessings to enable us to hold this annual meet.
Banking Sector of Bangladesh is now very much matured and customer oriented. With the active initiatives of the
Central Bank and other Regulatory Bodies, Banks are now more regulated in their operation and working in a
technology based environment. This enabled the Banks to satisfy the people at large promptly ensuring their
satisfaction. It has also added to the competitiveness among the Banks to a great extent as well as opened up huge
potentials to expand the services and network taking the sector to the doorstep of the huge population of the
country residing in remote areas. People are now much aware about security of their hard earned money and look for
a place that offers that security. It is aspired that in near future, a considerable portion of the people so far being out
of reach of formal Banking activities will be benefited by availing services from among various products either
directly or indirectly. Bangladesh Bank with its various people-friendly schemes like School banking, Tk.10 & Tk.50
accounts, Refinancing under Green Banking, RTGS, BEFTN etc. is playing vital role in strengthening the bondage
between Banks and people. Recently, an unprecedented event has been experienced by the People namely Banking
Mela-2015. The programme emerged from the innovative ideas of Dr. Atiaur Rahman immediate past Honble
Governor of Bangladesh Bank. The Mela invoking the traditional fair of the rural Bangladesh, attracted huge attention
of the people and helped the Banks to go to the potential clients with their products and services.
Dear Patrons,
2015 was comparatively a peaceful year in terms of political situation. The people truly has a sense of relief in such a
situation. But the market players i.e., investors and entrepreneurs have shown a passive mood in availing Banks
money to do their business during the year reflecting their doubt regarding the sustainability of this apparent peace.
Banks had failed to disburse loans to the borrowers as per their expectation resulting in reduced pace in advances
growth. It was a compelling situation where all the Banks had to reduce rate of interest against various loans and
advances several times bringing it to below double digit figures in many considerable instances. Side by side, to get
rid of excessive burden of liquid fund, substantial amount of deposits had to be released to keep the NIM to an
acceptable level, rate of interest on deposits was also reviewed downward on multiple occasions. But the Banks are
still carrying the previously booked high cost fixed and scheme deposits to be matured in the coming days. This has
affected the profitability of the sector including ours to some extent indeed.
However, at the moment Banks internal control mechanism is much streamlined. With the effective efforts of
departments like Credit Administration Division, Legal Matters and Recovery, NCCB International Trade Services
(NITS) the Banks loan portfolios have been made more secured in terms of completion of documentation and
collateral securities. For recovery of Bad/struck up loans and advances, steps have been taken and last year, we could
ensure recovery of considerable amount which enabled us to reduce volume and percentage of NPL. Audit
objections are now all time low. Compliance to the Regulatory requirements have been ensured by constituting
various Units and Committees at Head Office.
Page
31
It is mention worthy here that the Banks re-branding venture has started to pay result during the year 2015. Its image in the
eyes of the people have increased greatly. Having the opportunity to perform in the Banks 22 storied own gorgeous building,
the employees are now more motivated than ever. I strongly believe that this matured dedicated workforce of NCCB will meet
your expectation in the coming days. Building of positive image through proper campaign has also been given due
importance last year. The Bank played its due role in participating various national events by way of sponsoring them. In
recognition of our efforts to strengthen SME and agricultural sector as per directives of Bangladesh Bank, a prestigious award
has been given to the Bank which enhanced its image further.
In the field of CSR activities, the Bank continued its previous trend and allowed stipend to meritorious student of SSC and HSC
level that started in 2012 last. We have plans to expand its purview in future to cover large number of students of other areas
of the country. During the winter season, to help the cold hit people in the remote areas of the country, we have distributed
15,000 blankets directly and through Bangladesh Bank also. Distributing relief among the cyclone or flood hit people,
contributing to build up fund for arranging events like Lakho Konthe Sonar Bangla; construction of Mukti O Ganatanta
Toron at Nilkhet point of University of Dhaka, developing and establishing Schools and Madrasas, helping to purchase
medical instruments for National Heart Foundation and Research Institute and Feni Hospital, donation to Ahsania Mission
Cancer and General Hospital to construct 12 consultation room and assisting destitute and hopeless patients are some of
initiatives of Banks CSR activities over the years. We are also considering to establish an Old Home for the middle class senior
citizens who have no where to go in their old ages. A hospital with all modern facilities at reasonable cost will also be
established in future under Banks initiative, subject to availability of land for which we have applied to the authority concern.
Taking this opportunity, I would like to record may sincere gratitude and thanks to the Govt. of the Peoples Republic of
Bangladesh, Bangladesh Bank, Bangladesh Securities and Exchange Commission, Registrar of Joint Stock Companies and
Firms, Dhaka and Chittagong Stock Exchanges, National Board of Revenue and other regulatory bodies for their continued
guidance, support and co-operation to enable us to perform our activities within the set frame work.
I would also like to record my gratitude to the prudent Board of Directors of the Bank for giving us due guidance and
directives with their policies and various strategic decisions. My sincere thanks also go to my colleagues in the Management
team and all employees of the Bank for their active and dedicated services for the growth of the Bank. Last but not the least
the valued Shareholders of the Bank also deserve my heartfelt thanks for their continued support and confidence in our Bank
that helped us to act in a congenial environment of co-operation for a long time.
I thank you all once again for attending the AGM.
Allah Hafez.
Golam Hafiz Ahmed

Managing Director and CEO
Page
32
BDT in Million (where applicable)

Particulars
2011
2012
Balance Sheet
Taka
Taka
Authorised capital
10,000.00 10,000.00
Paid up capital
5,941.65
6,951.74
Statutory reserve
3,269.49
3,818.04
Other reserve (including general & assets revaluation reserve)
514.61
479.89
Retained earnings (Profit & Loss Account)
1,605.18
886.15
Shareholders' equity
11,330.95 12,135.82
Deposits
81,127.17 96,918.22
Loans and advances
72,733.54 79,948.22
Investments
20,840.29 30,851.74
Fixed assets
1,506.77
1,743.59
Total assets (excluding contra items)
103,510.70 125,841.50
Total assets (including contra items)
123,648.07 149,973.98
Capital
Total risk weighted assets (RWA)
104,975.90 111,451.00
Tier-I capital
10,701.50 11,666.09
Tier-II capital
1,123.75
1,111.78
Total capital
11,825.25 12,777.87
Tier-I capital adequacy ratio
10.19%
10.47%
Tier-II capital adequacy ratio
1.07%
1.00%
Capital to Risk Weighted Assets (CRAR)
11.26%
11.47%
Asset Quality
Amount of non-performing loans & advances
1,938.30
4,369.02
Non performing loans & advances as % of total loans & advances
2.68%
5.51%
Specific provision against classified loans and advances
780.01
1,705.14
General provision against un-classified loans and advances
795.15
620.74
General provision against off-balance sheet items
201.37
256.17
Percentage (%) of net classified loan
1.60%
3.59%
Interest suspense balance
321.36
613.31
Foreign Exchange Business
Import
55,044.49 45,283.46
Export
20,981.00 13,346.66
Remittance
16,079.26 21,705.40
Financial Performance
Interest income on loans and advances
9,669.34 11,668.75
Interest paid on deposits and borrowings
8,007.52
9,427.21
Net interest margin
1,661.82
2,241.54
Net interest margin (%)
4.31%
3.89%
Income from investments
2,916.35
2,793.48
Operating income
13,923.05 15,606.88
Operating expenses
9,708.29 11,580.06
Operating profit
4,186.65
3,958.12
Provision for loans & advances and other provisions made during the year
547.95
1,274.07
Profit before tax
3,630.15
2,742.75
Provision for tax
1,684.04
1,308.99
Profit after tax
1,946.11
1,433.76
Profit available for distribution
1,858.03
886.15
2013
Taka
10,000.00
7,646.91
4,283.42
460.92
878.58
13,269.83
98,229.44
88,167.20
19,908.32
1,736.64
124,042.70
150,278.49
2014
Taka
2015
Taka
10,000.00
8,029.25
4,783.51
394.20
1,042.17
14,249.14
105,703.61
90,920.77
26,568.66
2,573.25
135,159.52
169,681.09
10,000.00
8,832.18
5,224.07
432.46
1,165.94
15,654.64
112,722.21
104,854.73
21,457.59
2,628.18
146,369.95
180,622.89
117,820.23 112,720.56
12,819.07
13,865.10
1,168.37
1,262.32
13,987.44
15,127.42
10.88%
12.30%
0.99%
1.12%
11.87%
13.42%
122,752.60
15,232.35
1,361.81
16,594.15
12.41%
1.11%
13.52%
4,862.41
5.56%
2,663.39
667.96
274.62
2.53%
979.43
6,735.52
7.49%
2,705.15
721.24
345.22
4.48%
1,488.80
7,409.95
7.18%
3,169.66
851.68
345.22
4.12%
1,719.32
52,614.08
14,549.29
16,323.39
51,308.41
14,354.30
18,703.40
49,995.21
17,137.57
15,371.00
12,194.10
10,154.70
2,039.39
2.93%
2,801.83
16,227.89
12,529.08
3,698.81
1,371.94
2,326.88
1,189.03
1,137.84
12,019.78
9,339.23
2,680.56
2.56%
2,672.99
15,961.79
12,214.99
3,746.80
1,246.32
2,500.48
999.15
1,501.33
11,146.34
8,056.17
3,090.17
2.48%
2,701.52
15,029.90
11,163.64
3,866.26
1,663.55
2,202.71
838.89
1,363.82
878.58
1,042.17
1,165.94
Page
33
BDT in Million (where applicable)

Particulars
Shareholders' Information
Earnings per share (EPS)
Price earnings (PE) ratio (times)
Dividend : Cash (%)
Bonus (%)
Right Share
Net asset value (NAV) per share
Net operating cash flow per share
Market value of share
Market capitalisation
Number of shares (Nos.)
Number of shareholders (Nos.)
Financial Ratios
Credit Deposit Ratio (CDR)
Return on equity (ROE) (%)
Return on assets (ROA) (%)
Return on investment (ROI) (%)
Cost of fund (%)
Cost income ratio (%)
Other Information
Number of branches
Number of ATM
Number of employees
Number of foreign correspondents
Credit Ratings
Long term
Short term
Page
34
2011
2012
2013
2014
2015
Taka
Taka
Taka
Taka
Taka
3.70
2.06
1.49
1.70
1.54
8.21
8.73
8.80
6.59
5.89
10.00%
6%
12.75%
17.00%
10.00%
5%
10%
19.50
17.46
17.34
16.13
17.72
5.48
2.16
4.06
1.97
2.75
30.40
18.20
13.10
11.20
9.10
18,062.63
12,652.16
10,017.45
8,992.77
8,037.28
594,165,435 695,173,558 764,690,913 802,925,458 883,218,003
93,173
90,089
96,213
88,643
76,045
83.00%
18.98%
2.12%
13.99%
11.46%
70.00%
77.00%
11.81%
1.14%
9.05%
11.95%
72.05%
83.00%
8.96%
0.91%
11.04%
11.61%
76.61%
77.41%
10.93%
1.16%
11.50%
10.81%
76.53%
83.57%
9.12%
0.97%
11.25%
9.84%
74.28%
87
21
1716
449
93
47
1811
434
101
56
2192
420
103
67
2277
396
104
73
2296
405
AA3
ST-2
AAAR-2
AA
AR-2
AA
AR-2
AA
AR-2
For the year ended December 31, 2015

The Value added statement for the bank shows how the value is created and distributed among different
stakeholders of the bank.
2015
Taka
Particulars
Income from Banking Services
Less: Cost of Services & Supplies
Value Added by the Banking Services
Less: Provisions
2014
Taka
15,029,896,700
9,058,809,591
5,971,087,109
1,638,552,537
4,332,534,572
15,961,794,400
10,319,787,094
5,642,007,306
1,221,323,403
4,420,683,903
Distribution of Value Added

To Employees as Salaries & Allowances
To Government as Income Tax
To NCC Bank Foundation
To Statutory Reserve
To Expansion & Growth
Retained Earnings for Current Year
Deferred Tax
Depreciation
1,867,554,514
893,261,811
25,000,000
440,541,521
1,106,176,726
923,275,213
(54,370,942)
237,272,455
43.11%
20.62%
0.58%
10.17%
25.53%
1,747,895,809
869,355,654
25,000,000
500,095,692
1,278,336,748
1,001,233,526
129,793,588
147,309,634
39.54%
19.67%
0.57%
11.31%
28.92%
4,332,534,572
100.00%
4,420,683,903
100.00%
Distribution of Value Added-2015
Distribution of Value Added-2014
Expansion
& Growth
Expansion
& Growth
25.53%
28.92%
Salaries &
Allowances
Statutory
Reserve
43.11%
10.17%
NCC Bank
Foundation
0.58%
Salaries
& Allowances
Statutory
Reserve
39.54%
11.31%
Income Tax
20.62%
NCC Bank
Foundation
0.57%
Income Tax
19.67%
Page
35

Economic Value Added (EVA) indicate the true economic profit of a company. EVA is an estimate of the amount
by which earnings exceed of fall short of required minimum return for shareholders at comparable risks. EVA of
the bank stood at Tk. -191.18 Million as on December 31, 2015 as against Tk. -91.75 million in 2014.
Particulars
Total Revenue
Less: Expenses
Profit Before Tax (PBT)
Less: Corporate Tax
Profit After Tax (PAT)
Shareholders' Equity
Add: Provision for Loans and Advances & Off-Balance Sheet Items
Average Shareholders' Equity

Cost of Capital*
Capital Charges
Economic Value Added (PAT-Capital Charges)
2015
Taka
2014
Taka
15,029,896,700
12,827,189,097
2,202,707,603
838,890,869
1,363,816,734
15,961,794,400
13,461,315,940
2,500,478,460
999,149,242
1,501,329,218
15,654,638,259
4,366,556,488
20,021,194,747
14,249,144,562
3,771,605,045
18,020,749,607
14,951,891,411
10.40%
1,554,996,707
(191,179,972)
13,733,420,327
11.60%
1,593,076,758
(91,747,540)
* Based on the weighted average annual yield of 364-days treasury bills plus 2% risk premium.

Market Value Addition (MVA) is the difference between the equity market value of a company and the book value
of equity invested in the company. A high MVA indicates that the company has created substantial wealth for the
Shareholders.
Particulars
Market Value of Total Equity
Less: Book Value of Total Equity
Market Value Added
Page
36
2015
Taka
2014
Taka
7,306,621,668
15,654,638,259
(8,348,016,991)
8,992,765,130
14,249,144,562
(5,256,379,432)
As on 31 December 2015
The purpose of Market Discipline in Basel III is to complement the minimum capital requirements and the supervisory review process.
The aim of introducing Market Discipline is to establish more transparent and more disciplined financial market so that stakeholders
can assess the position of a Bank regarding holding of assets and to identify the risks relating to the assets and capital adequacy to
meet probable loss of assets. For the said purpose, National Credit and Commerce Bank Limited (NCCBL) has developed a set of disclosures called Disclosures on Risk Based Capital (Base III) which contains key piece of information on the assets, risk exposures, risk
assessment process, and hence the capital adequacy to meet the risks in accordance with Bangladesh Bank guidelines.
1.0 Scope of Application
Qualitative Disclosures
a) The name of the top corporate
entity in the group to which
this guidelines applies;
b) An outline of differences in
the basis of consolidation
for accounting & regulatory
purposes, with a brief
description of the entities
within the group (a) that are
fully consolidated, (b) that
are given a deduction
treatment and (c) that are
neither consolidated nor
deducted (e.g. where the
investment is risk-weighted);
National Credit and Commerce Bank Limited (NCCBL)

The disclosure made in the following sections has addressed NCCBL as a single entity (Solo
Basis) as well as a consolidated entity (Consolidated Basis), the scope of which is as under:
Solo Basis refers to all position of the Bank including the Offshore Banking Unit.
Consolidated Basis refers to all position of the Bank and its Subsidiaries.
The Consolidated Financial Statements of NCCBL includes the Financial Statements of:
National Credit and Commerce Bank Limited

NCCB Securities & Financial Services Limited
NCCB Exchange (UK) Limited
A brief description of the Bank and its subsidiaries is given below:
National Credit and Commerce Bank Limited (NCCBL)
NCCBL was formed as a public limited banking company incorporated in Bangladesh

with primary objective to carry on all kinds of banking business in and outside Bangladesh.
The registered office of the Bank is located at NCC Bank Bhaban, 13/1-2, Toyenbee
Circular Road, Motijheel Commercial Area, Dhaka-1000 (previously the registered
office situated at 7-8, Motijheel C/A, Dhaka-1000). It commenced its banking business
with 16 branches from May 17, 1993 under the license issued by Bangladesh Bank.
The Bank presently has a business network comprising 104 branches (including 9
SME/ Agriculture Branches) and 73 own ATM booths all over Bangladesh. It is a
conventional commercial Bank. The Bank has no overseas branch as at 31 December
2015. It carries out all banking activities through its branches in Bangladesh. The Bank
went for initial public offering in 1999 and its share is listed with Dhaka and
Chittagong Stock Exchange Limited as a publicly traded company.
Offshore Banking Unit
Offshore Banking Unit (OBU) is a separate business unit of NCCBL governed under
the rules and guidelines of Bangladesh Bank. The Bank obtained permission for
operation of offshore banking unit located at Foreign Exchange Branch & Agrabad
Branch vide Bangladesh Bank letter no. BRPD (P-3)744(113)/2010-1648 dated 02 May
2010. The Bank commenced the operation of its offshore banking unit from 26
August 2013 at Foreign Exchange Branch, Dhaka. During the year, operation of
offshore banking unit, which was operating in Foreign Exchange Branch, has been
transferred to NCC Bank Bhaban Branch, Dhaka.
Subsidiaries of National Credit and Commerce Bank Limited:
The Bank has 02 (Two) Subsidiary companies as on 31 December 2015. Previously the
Bank had 03 (Three) Subsidiary Companies. During the year 2015 operation of NCCB
Exchange (UK) Limited, a subsidiary of NCCBL, has been discontinued which was also
approved by the UK Companies House on 4 August 2015 and the Board of Directors
of the Bank in its 325th meeting held on 28 November 2015.
Page
37
NCCB Securities and Financial Services Limited (NCCBSFSL)

NCCB Securities and Financial Services Limited is a Subsidiary Company of NCC Bank
Limited incorporated as a Private Limited Company on 4 April 2010 with the Registrar
of Joint Stock Companies and Firms vide certificate of incorporation no.C-83683/10
dated 4 April 2010 under the Companies Act-1994. NCCBSFSL commenced its
operation from March 07, 2011. The Main objective of the company is to act as a
full-fledged Stock Broker & Stock Dealer to execute buy and sell order and to
maintain own portfolio as well as customers portfolio under the discretion of
customers. The company also performs the other activities relates to Capital Market
as and when regulators permit the company to carry out activities as per their guidelines.
NCCB Capital Limited (NCCBCL)
NCCB Capital Limited (NCCBCL) is a Subsidiary Company of NCCBL incorporated as a
Private Limited Company on 1 April 2010 with the Registrar of Joint Stock Companies
and Firms vide certificate of incorporation no.C-83649/10 dated 1 April 2010 under
the Companies Act-1994. The main objective of the company is to provide
full-fledged merchant banking services like issue management, underwriting,
advisory services & as and when regulators permits the company to carry out
activities as per their guidelines. NCCBCL was not in operation till December 31, 2015.
NCCB Exchange (UK) Limited was a fully owned Subsidiary Company, incorporated as
a Private Limited Company with the Registrar of Companies for England and Wales
under registration no. 7669773 dated 14 June 2011. NCC Bank Limited got permission
from Bangladesh Bank vide letter no. BRPD/(M)204/28/2011-123 dated 13 June 2011
for opening a fully owned subsidiary company with two branches in London and
Birmingham, UK. NCCB Exchange (UK) Limited obtained Money Laundering
registration on 28 July 2011 issued by HM Revenue & Customs. The company got
registration from Financial Services Authority (FSA) vide reference no PSD/557817
dated 26 October 2011 to carry on payment services activities under the Payment
Services Regulations 2009 (PRSs). The company continued up to September 2015
which financial performance recognized in consolidated financial statements. We
obtained the closer certificate from UK Companies House dated 4 August 2015. The
Board of Directors of the Bank in its 325th meeting held on 28 November 2015
approved the proposal of winding up of NCCB Exchange (UK) Limited. Bangladesh
Bank has also approved the winding up of the said subsidiary company vide their
letter no. BRPD(M)204/28/2016-2068 dated 3 April 2016.
c) Any restrictions, or other
major impediments, on
transfer of funds or regulatory
capital within the group;
Not Applicable.
Quantitative Disclosures
The aggregate amount of
surplus capital of insurance
subsidiaries (whether deducted
or subjected to an alternative
method) included in the
capital of the consolidated
group;
Page
38
Not Applicable.
2.00 Capital Structure:

Summary information on the
terms and conditions of the
main features of all capital
instruments, especially in the
case of capital instruments
eligible for inclusion in CET 1,
Additional Tier 1 or Tier 2;
In accordance with the Risk Based Capital Adequacy Guidelines issued by

Bangladesh Bank in December 2014, the Capital Structure of the Bank is categorized
into two Tiers 1) Tier I and 2) Tier II. The components of the total regulatory capital
are enumerated as under:
1. Tier 1 Capital (going-concern capital)
a. Common Equity Tier 1
b. Additional Tier 1
2. Tier 2 Capital (gone-concern capital)
Tier 1 Capital: (Going-concern capital)
Going-concern capital is the capital which can absorb losses without triggering
bankruptcy of the Bank. As such, from regulatory capital perspective, Tier 1 capital is
the core measure of a Banks financial strength.
As per the guidelines of Bangladesh Bank, CET-1 Capital is comprised the following:
a) Paid up capital
b) Non-repayable share premium account
c) Statutory reserve
d) General reserve
e) Retained earnings
f ) Dividend equalization reserve
g) Minority interest in subsidiaries, i.e. common shares issued by consolidated
subsidiaries of the Bank and hold by third parties.
Additional Tier 1 (AT 1) Capital consists of the following items:
a) Non-cumulative irredeemable preference shares
b) Instruments issued by the Bank that meet the qualifying criteria for AT 1 (The
instrument is perpetual i.e. there is no maturity date)
c) Minority Interest, i.e., AT 1 issued by consolidated subsidiaries to third parties.
Tier 2 Capital: (Gone-concern capital)
Gone-concern capital is the capital which will absorb losses only in a situation of
liquidation of the Bank. Gone-concern capital also called Tier 2 capital. Gone-concern
capital represents other elements which fall short of some of the characteristics of
the core capital but contribute to the overall strength of a bank.
Quantitative
Tier 2 Capital
consists of Disclosure
following items:
a) General provisions; (maximum 1.25 % of risk weighted assets)
b) All other preference shares
c) Subordinated debt/instruments issued by the Bank that meet the qualifying
criteria for Tier 2 capital; (Minimum original maturity of at least five years)
d) Minority interest i.e. Tier 2 issued by consolidated subsidiaries to third parties
e) Revaluation reserves (50% of fixed assets and securities, 10% of equity
instruments) [The amount to be erased 20.00% each year which has already
been started from January 2015]
As per the guidelines of Bangladesh Bank, Tier-1 capital of NCCBL consists of (i) Fully
paid-up capital, (ii) Statutory reserve, (iii) General reserve, (iv) Retained earnings and
(v) Minority interest in subsidiaries.
Page
39
The amount of regulatory capital of the Bank as on 31 December 2015 is stated below:
BDT in Crore (where applicable)
Sl.
Particulars
1.0
1.1
1.1.1
1.1.2
1.1.3
1.1.4
1.1.5
1.1.6
1.1.7
Tier 1 (Going-concern capital)

Common Equity Tier 1 (CET 1)
Paid-up capital
Non-repayable share premium account
Statutory reserve
General reserve
Retained earnings
Dividend equalization reserve
Minority interest in subsidiaries
Sub-total:
Additional Tier 1 (AT 1)
Non cumulative irredeemable preference shares
Instruments (perpetual in nature)
Minority interest; i.e. AT1 issued by consolidated subsidiaries
Sub-total:
Total Tier 1 Capital
Tier 2 (Gone-concern capital)
General provision
Subordinated debt
Revaluation reserve
Total Tier 2 Capital
Regulatory adjustments/deduction from capital
Total Eligible Capital
1.2
1.2.1
1.2.2
1.2.3
2.0
2.1
2.2
2.3
3.0
Solo
Consolidated
883.22
0.00
522.41
1.02
116.59
0.00
0.00
1,523.23
883.22
0.00
522.41
1.02
119.49
0.00
0.00
1,526.13
0.00
0.00
0.00
0.00
1,523.23
0.00
0.00
0.00
0.00
1,526.13
120.81
0.00
15.38
136.18
0.00
1,659.42
120.81
0.00
15.38
136.18
0.00
1,662.31
3.00 Capital Adequacy:

A summary discussion of the
Banks approach for assessing
the adequacy of its capital to
support current and future
activities;
Methodology of Capital Adequacy Determination:

The Bank has computed the Capital to Risk Weighted Ratio (CRAR) adopting the following
approaches:
a. Standardized Approach for Credit Risk to Compute Capital to Risk Weighted Ratio
under Basel III, using national discretion for:
Accepting the credit rating agencies as External Credit Assessment Institutions
(ECAI) for claims on corporate and eligible SME customers.
Accepting Credit Risk Mitigation (CRM) against the financial securities.
b. Standardized (rule based) Approach for Market Risk and
c. Basic Indicator Approach for Operational Risk.
Assessment of the Adequacy of Capital:
For assessing Capital Adequacy, the Bank has adopt Standardized Approach for Credit Risk
measurement, Standardized (Rule Based) Approach for Market Risk measurement and
Basic Indicator Approach for Operational Risk measurement.
Page
40
The Bank focuses on strengthening risk management and control environment

rather than increasing capital to cover up weak risk management and control
practices. NCCBL has been generating most of its incremental capital from retained
profit (stock dividend and statutory reserve transfer etc.) to support incremental
growth of Risk Weighted Assets (RWA). Besides meeting regulatory capital
requirement, the Bank maintains adequate capital to absorb material risk foreseen.
Therefore, the Banks Capital to Risk Weighted Assets Ratio (CRAR) remains
consistently within the comfort zone. During the year 2015 the CRAR ranges from
12.13% to 13.33% on consolidated basis and from 12.33% to 13.55% on solo basis
against minimum requirement of 10% of Risk Weighted Assets (RWA). Basel
implementation unit is taking active measures to identify, quantify, manage and
monitor all risks to which the Banks is exposed to.
The Capital Requirement and Capital to Risk Weighted Asset Ratio (CRAR) of the Bank
as on 31 December 2015 are as under:
Particulars
Capital requirement for credit risk
Capital requirement for market risk
Capital requirement for operational risk
Total capital requirement under Pillar-I
Capital to risk weighted asset ratio (CRAR)
Common equity Tier-1 capital to risk weighted asset ratio
Tier 1 capital to risk weighted asset ratio
Tier 2 capital to risk weighted asset ratio
Capital conservation buffer
Available capital for Pillar 2

Solo
Consolidated
10,947.82
248.04
1,079.40
12,275.26
13.52%
12.41%
12.41%
1.11%
3.52%
431.89
11,072.13
257.68
1,183.71
12,513.52
13.28%
12.20 %
12.20%
1.09%
3.28%
410.96
4.00 Credit Risk:

The general qualitative disclosure requirement with respect to credit risk, including:
a) Definitions of past due and
impaired (for accounting
purposes);
As per relevant guidelines of Bangladesh Bank, NCCBL defines the past due and
impaired loans and advances for strengthening the credit discipline and mitigating the
credit risk of the Bank. The impaired loans and advances are defined on the basis of (i)
Objective / Quantitative criteria and (ii) Qualitative judgment. For this purposes, all
loans and advances are grouped into four (4) categories namely- (a) Continuous Loan
(b) Demand Loan (c) Fixed Term Loan and (d) Short-term Agricultural & Micro Credit.
Definition of past due/overdue:
i. Any Continuous Loan if not repaid/renewed within the fixed expiry date for
repayment or after the demand by the bank will be treated as past
due/overdue from the following day of the expiry date;
ii. Any Demand Loan if not repaid within the fixed expiry date for repayment or
after the demand by the bank will be treated as past due/ overdue from the
following day of the expiry date;
iii. In case of any installment(s) or part of installment(s) of a Fixed
Term Loan is not repaid within the fixed expiry date, the amount of
unpaid installment(s) will be treated as past due/overdue from the following
day of the expiry date;
Page
41
iv. The Short-term Agricultural and Micro-Credit if not repaid within the fixed
expiry date for repayment will be considered past due/ overdue after six
months of the expiry date.
However, a continuous loan, demand loan or a term loan which will remain overdue
for a period of 2 (two) months or more, will be put into the Special Mention
Account (SMA), the prior status of becoming the loan into impaired/ classified/
non-performing.
Definition of impaired / classified / non-performing loans and advances are as follows:
Classified loans are categorized into:
1. Sub-standard
2. Doubtful
3. Bad & Loss
Any continuous loan will be classified as:
'Sub-standard' if it is past due/overdue for 3 months or beyond but less

than 6 months.
'Doubtful' if it is past due/overdue for 6 months or beyond but less
than 9 months.
'Bad & loss' if it is past due/overdue for 9 months or beyond.
Any Demand Loan will be classified as:

Sub-standard' If it remains past due/overdue for 3 months or beyond but not
over 6 months from the date of claim by the bank or from the date of creation
of forced loan.
Doubtful' if it remains past due/overdue for 6 months or beyond but not over 9
months from the date of claim by the bank or from the date of creation of
forced loan.
Bad & loss if it remains past due/overdue for 9 months or beyond from the
date of claim by the bank or from the date of creation of forced loan.
In case of Fixed Term Loans:
In case of any installment(s) or part of installment(s) of a Fixed Term Loan is not repaid
within the due date, the amount of unpaid installment(s) will be termed as `past due
or overdue installment.
If the amount of past due installment is equal to or more than the amount
of installment(s) due within 3 (three) months, the entire loan will be classified
as Sub-standard.
of installment(s) due within 6 (six) months, the entire loan will be classified as Doubtful.
of installment(s) due within 9 (nine) months, the entire loan will be classified
as Bad & Loss.
In case of Short-term Agricultural and Micro-Credit, the loans will be considered:
Sub-standard if the irregular status continuous for a period of 12 months
from the stipulated due date as per loan agreement;
Doubtful if the irregular status continuous for a period of 36 months from
the stipulated due date as per loan agreement;
Bad & loss if the irregular status continuous for a period of 60 months from the
stipulated due date as per loan agreement.
Page
42
b) Approaches followed for

specific
and
general
allowances and statistical
methods;
As per the guideline of Bangladesh Bank regarding the provisioning of loans &
advances, the Bank has followed the following approaches in calculating the specific
& general provisions:
Types of Loans & Advances

House Building &
Professionals
Other than
Consumer
Housing Finance &
Professionals to
setup Business
Brokerage House, Merchant
Banks, Stock Dealers, etc.
Short Term Agri. Credit and
Micro Credit
Small & Medium Enterprise
Finance
Others
Rate of Provision Requirements

UC
SMA
SS
DF
BL
2%
2%
20%
50%
100%
5%
5%
20%
50%
100%
2%
2%
20%
50%
100%
2.50%
2.50%
5%
5%
100%
0.25%
0.25%
20%
50%
100%
1%
1%
20%
50%
100%
Methods used to measure Credit Risk:

As per Bangladesh Bank Guidelines, the Bank follows Standardized Approach for
measurement of Credit Risk adopting the credit rating agencies as External Credit
Assessment Institutions (ECAIs) for claims on Bank & Non-banking Financial
Institutions (BNBFIs), Corporate & eligible SME Customers and Credit Risk Mitigation
(CRM) against the financial securities & guarantees of loan exposure.
c) Discussion of the banks
credit risk management
policy;
Credit risk arises while the borrowers or counterparty to a financial transaction fails to
discharge an obligation as per agreed covenants, resulting in financial loss to the
Bank. Credit exposures may arise from both the banking and trading books as well as
Off-Balance sheet exposures. Credit risk is managed in the NCCBL through a
framework that spell out policies and procedures covering the measurement and
management of credit risk. There is a clear segregation of duties between transaction
originators in the businesses and approvers in the risk function. All credit exposure
limits are approved within a defined credit approval authority framework. Credit
policies and standards are considered and approved by the Board of Directors.
4.1 Credit Risk Identification
Risk measurement plays a central role, along with judgment and experience, in
informing risk taking and portfolio management decisions. The standard Credit Risk
Grading (CRG) system is used in both Corporate and SME Banking. The Grading is
used to assess the client along with a range of quantitative and qualitative factors.
Our credit grades against Corporate & Medium clients are supported by external
credit grades, and ratings assigned by external Rating Agencies.
4.2 Credit Approval
Major credit exposures to individual borrowers, groups of connected counterparties
and portfolios of retail exposures are reviewed by and recommended for approval to
the competent authority by the risk review units. All credit approval authorities are
delegated by the Board of Directors to executives based on their capability,
experience & business acumen. Credit origination and approval roles are segregated
in all cases.
Page
43
4.3 Credit Monitoring

We regularly monitor credit exposures, portfolio performance, and external trends
through relationship and credit administration team at Branch and Head Office.
Internal risk management reports containing information on key environmental,
political and economic trends across major portfolios, portfolio delinquency & loan
impairment performance; as well as credit grade migration are presented to Credit
Monitoring Cell (CMC). The CMC meets regularly to assess the impact of external
events and trends on the credit risk portfolio and to define and implement our
response in terms of appropriate changes to portfolio shape, underwriting standards,
risk policy and procedures. Accounts or Portfolios are placed on Early Alert (EA) when
they display signs of weakness or financial deterioration. Such accounts and
portfolios are subjected to a dedicated process overseen by the Special Asset
Management Division (SAMD). Account plans are re-evaluated and remedial actions
are agreed and monitored. In Retail Banking, portfolio delinquency trends are
monitored continuously at a detailed level. Individual customer behavior is also
tracked and informed in lending decisions. Accounts which are past due are subject
to a collections process, monitored in collaboration with the relationship manager by
the risk function. Charged-off accounts of the Bank are managed by specialist
recovery teams of Special Asset Management Division (SAMD).
4.4 Concentration Risk
Credit concentration risk in managed within concentration caps set for counterparty
or groups of connected counterparty, for industry sector; and for product. Additional
targets are set and monitored for concentrations by credit committee. Credit
concentrations are monitored by the responsible risk committees in each of the
businesses and concentration limits that are material to the Bank are reviewed and
approved at least annually by the Board of Directors.
4.5 Credit Risk Mitigation
Potential credit losses from any given account, customer or portfolio are mitigated
using a range of tools such as collateral, netting agreements, insurance, and other
guarantees. The reliance that can be placed on these mitigates is carefully assessed in
light of issues such as legal certainty and enforceability, market valuation correlation
and counterparty risk of the guarantor. Risk mitigation policies determine the
eligibility of collateral types. Collateral types which are eligible for risk mitigation
include; cash, residential, commercial and industrial property; fixed assets such as
motor vehicles, plant and machinery, marketable securities, commodities, bank
guarantees, and letters of credit. Collateral is valued in accordance with our
Methodology for Valuation of Security/Collateral Assets, which prescribes the
frequency of valuation for different collateral types, based on the level of price
volatility of each type of collateral. Collateral held against impaired loans is
maintained at fair value.
Distribution of Credit Exposure by Major Types:
Types of Credit Exposure
Industrial loan
Commercial lending
Export finance
Import finance
Retail loan
Agricultural loan
House building
Transport loan
Staff loan
Others
Total
Page
44
BDT in Crore
3,636.89
1,789.38
444.59
2,386.61
833.56
226.83
469.74
170.72
59.35
467.79
10,485.47
%
34.69%
17.07%
4.24%
22.76%
7.95%
2.16%
4.48%
1.63%
0.57%
4.46%
100.00%
Geographical Distribution of Credit Exposure:

Division
Dhaka
Chittagong
Khulna
Rajshahi
Sylhet
Rangpur
Barisal
Mymensingh
Total
BDT in Crore
6,796.53
2,867.66
128.43
101.60
227.43
294.79
19.22
49.81
10,485.47
%
64.82%
27.35%
1.22%
0.97%
2.17%
2.81%
0.18%
0.48%
100.00%
Industry Type Distribution of Exposure:

Types of Credit Exposure
Commercial trade financing
RMG & textiles industry
Other manufacturing industries
Construction (other than housing)
Housing industry
Telecommunication, transport & communication
Service industry
Food products & processing
Power & energy
Agriculture
Shipping industries
Others
Total
BDT in Crore
1,789.38
856.73
3,033.78
104.78
469.74
170.72
603.11
1,207.25
419.67
226.82
53.67
1,549.82
10,485.47
%
17.07%
8.17%
28.93%
1.00%
4.48%
1.63%
5.75%
11.51%
4.00%
2.16%
0.51%
14.78%
100.00%
Residual Contractual Maturity wise Distribution of Exposure:

Particulars
On demand
Not more than three months
More than three months but less than one year
More than one year but less than five years
More than five years
Total
BDT in Crore
119.38
3,797.87
3,085.34
2,957.21
525.67
10,485.47
Loans & Advances and Provision:

Particulars
Total loans and advances
Un-classified loans & advances
Classified loans and advances
Sub-standard (SS)
Doubtful (DF)
Bad & loss (BL)
Off-balance sheet Items
Gross Non Performing Assets (NPAs):
Particulars
Gross non-performing assets (NPAs)
Total loans and advances
NPAs to outstanding loans & advances (%)
Loans & Advances

10,485.47
9,744.47
741.00
23.61
60.46
656.93
3,425.29
BDT in Crore
Provision Against Loans & Advances
402.13
85.17
316.96
1.77
10.62
304.57
34.52
BDT in Crore
741.00
10,485.47
7.07%
Page
45
Movement of Non Performing Assets (NPAs):

Particulars
Opening balance
Additions
Reductions
Closing balance
BDT in Crore
673.55
185.10
117.65
741.00
Movement of Specific Provisions for NPLs:

Particulars
Opening balance
Adjustment due to write-off
Add: Recoveries of amount previously written off
Provisions made during the period
Closing Balance
BDT in Crore
270.51
(98.04)
1.46
143.03
316.25
5.00 Equities: Disclosures for Banking Book Positions

The general qualitative disclosure with respect to equity risk, including:
a) Differentiation
between The main purpose of holding of equity exposure is for capital gain. The Bank holds
holdings on which capital equity exposure within set rules of Bangladesh Bank. The quoted shares are valued at
gains are expected and market price and the unquoted shares are valued at their cost price.
those taken under other
objectives including for
relationship and strategic
reasons; and
b) Discussion of important
policies
covering
the
valuation and accounting of
equity holdings in the
banking book. This includes
the accounting techniques
and valuation methodologies
used,
including
key
assumptions and practices
affecting valuation as well
as significant changes in
these practices.
Particulars
Investment In quoted share
Particulars
Realized gains
Unrealized gains
Unrealized losses
Net unrealized gains/(loss)
Capital requirement for equity risk (specific & general)
Page
46
Cost Price
158.11
BDT in Crore
3.53
2.59
(51.03)
(48.44)
21.76
BDT in Crore
Market Price
109.67
Capital Requirement as per Grouping of Equity:
BDT in Crore
Capital Charge
Sector
Cost Price
Market Price
Specific Risk
General Market Risk
Total
Pharmaceuticals & chemicals
4.99
6.74
0.66
0.66
1.32
Mutual fund
28.38
27.64
2.75
2.75
5.50
Telecommunication
4.86
4.10
0.40
0.40
0.80
Textile
10.73
6.64
0.66
0.66
1.32
Fuel & power
31.88
24.04
2.40
2.40
4.79
Financial institutions
24.64
11.24
1.12
1.12
2.24
Engineering
6.98
5.24
0.52
0.52
1.05
Bank
25.49
14.24
1.42
1.42
2.83
Ceramic sector
1.03
1.10
0.11
0.11
0.22
Travel & leisure
7.41
3.14
0.31
0.31
0.62
Insurance
10.89
4.54
0.45
0.45
0.90
Tannery
0.34
0.74
0.07
0.07
0.13
Miscellaneous
0.49
0.24
0.02
0.02
0.04
158.11
109.67
10.88
10.88
21.76
Total
6.00 Interest Rate Risk in the Banking Book (IRRBB):

The general qualitative
disclosure
requirement
including the nature of
IRRBB and key assumptions,
including
assumptions
regarding loan repayments
and
behavior
of
non-maturity deposits, and
frequency
of
IRRBB
measurement.
Interest Rate in the Banking Book reflects the shocks to the financial position of the
bank including potential loss that the Bank may face in the event of adverse change
in market interest rate. This has an impact on earnings of the bank through Net
Interest Earnings as well as on Market value of Equity or net worth. Thus this risk
would have an impact on both earning potential and economic value of the Bank.
The Bank uses Duration Gap Analysis (DGA) for deriving value of capital requirement
for interest rate risk.
The Bank ensures that interest rate risk is not included within the market risk. The
Bank has calculated the rate sensitive assets and liabilities with maturity up to 12
months bucket and applied the sensitivity analysis to measure the level of interest
rate shock on its capital adequacy.
The increase (decline) in

earnings or economic value
(or relevant measure used
by
management)
for
upward and downward rate
shocks
according
to
managements method for
measuring IRRBB, broken
down by currency (as
relevant).
Particulars
BDT in Crore
Up to 3 months
3-6 months
6-12 months
4,419.00
5,040.04
(621.04)
1,737.70
1,577.47
160.23
246.57
798.82
(552.25)
Rate Sensitive Assets (RSA)

Rate Sensitive Liabilities (RSL)
Gap (RSA-RSL)
Interest Rate Shock on Capital
BDT in Crore
Total regulatory capital

Total risk weighted assets (RWA)
Capital to risk weighted asset ratio (CRAR)
Assumed decrease in interest Rate
Change in market value of equity
Capital after shock
CRAR after shock
Decrease in CRAR
1,659.42
12,275.26
13.52%
1%
61.99
1,597.42
13.42%
0.10%
2%
123.99
1,535.43
12.90%
0.62%
3%
185.98
1,473.43
12.38%
1.14%
Page
47
7.00 Market Risk:

Market risk is a trading book concept. It may be defined as the risk of losses in on and off-balance sheet positions arising
from movements in market prices. The market risk positions subject to the risks pertaining to interest rate related
instruments & equities in the trading book and foreign exchange risk & commodities risk throughout the Bank. This
signifies the risk of loss due to decrease in market portfolio arising out of market risk factors. It may be mentioned that
the Bank considers Interest Rate Risk on Banking Book separately.
a) Views of Board of Directors The Board approves all policies related to market risk, sets limit and reviews
on trading/ investment compliance on a regular basis. The objective is to provide cost effective funding last
activities;
year to finance asset growth and trade related transaction.
b) Methods used to measure Standardized (rule based) approach is used to measure the market risk of the Bank
Market Risk;
whereas for interest rate risk and equity risk both General and specific risk factors are
applied for calculating capital charge and for foreign exchange and commodities only
general risk factor is applied.
c) Market Risk Management The duties of managing the market risk including liquidity, interest rate and foreign
system;
exchange risk lies with the Treasury Division under the supervision of ALCO
committee. The ALCO committee is comprised of senior executives of the Bank, who
meets at least once in a month. The committee evaluates the current position of the
bank and gives direction to mitigate the market risk exposure to a minimum level.
d) Policies and processes for There are approved limits for Market risk related instruments both on-balance sheet
mitigating market risk;
and off-balance sheet items. The limits are monitored and enforced on a regular basis
to protect against market risk. The exchange rate committee of the Bank meets on a
daily basis to review the prevailing market condition, exchange rate, forex position and
transactions to mitigate foreign exchange risks.
Capital Charges for Market Risk
Interest Rate Related instruments
Equities
Foreign Exchange Position
Commodities
Total
BDT in Crore
12.33
217.62
18.09
0.00
248.041
8.00 Operational Risk:

Operational Risk is the risk of loss resulting from inadequate or failed internal processes, people and systems or from
external events. Recognizing the importance of information technology in banking business, the Bank has considered
information technology risk as an independent risk.
a) Views of Board of Directors The policy for operational risks including internal control and compliance risk is
on system to reduce approved by the Board in line with the relevant guidelines of Bangladesh Bank. Audit
Operational Risk;
Committee of the Board directly oversees the activities of Internal Control and
Compliance Division to protect against all operational risks.
As a part of continuous surveillance, the management committee (MANCOM), Risk
Management Division regularly reviews different aspects of operational risk. The
analytical assessment was reported to the Board/ Risk Management Committee/Audit
Committee of the Bank for review and formulating appropriate policies, tools &
techniques for mitigating operational risk.
b) Performance gap of executives The Bank identifies the loop holes among the effectiveness of the employees and
and staffs;
executives, these loop holes are removed by arranging appropriate training programs,
offering competitive packages and providing best working environment. In this process,
the Bank kept the performance gap of executives and staffs to a minimum level.
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48
c) Potential external event;
No potential external event is expected to expose the Bank to significant operational

risk. The Bank has a separate Operational Risk Policy addressing specific issues
involving Operational Risk.
d) Policies and processes for Operational Risk is inherent in every business organization and covers a wide
mitigating operational risk; spectrum of issues. In order to mitigate this, internal control and internal audit systems
are used as the primary means. The NCC Bank Limited manages this risk through a
control based environment in which processes are documented, authorization is
independent and transactions are reconciled and monitored. This is supported by an
independent program of periodic reviews undertaken by internal audit, and by
monitoring external operational risk events, which ensure that the bank stays in line
with industry best practice and takes account of lessons learned from publicized
operational failures within the financial services industry. NCC Bank Limited has
operational risk management process which explains how the bank manages its
operational risk by identifying, assessing, monitoring, controlling and mitigating the
risk, rectifying operational risk events, and implementing any additional procedures
required for compliance with Bangladesh Banks requirements. Operational risk
management responsibility is assigned to different level of management within the
business operation. Information systems are used to record the identification and
assessment of operational risks and to generate appropriate regular management
reporting. Risk assessment incorporates a regular review of identified risks to monitor
significant changes.
e) Approach for calculating Basic Indicator Approach is used to measure Operational Risk where capital charge is
capital charge for operational 15% on last three years average positive gross income of the Bank.
risk;
Capital Charges for Operational Risk
Basis
Solo
Consolidated
Operational Risk
Gross Income
Gross Income
BDT in Crore
2013
2014
650.75
696.75
723.19
789.33
2015
784.85
881.34
Capital Charge
107.94
118.37
9.00 Leverage Ratio:

a) Views of Board of Directors The Leverage Ratio is a non-risk based measure introduced to monitor and build-up of
on system to reduce leverage on credit institutions balance sheets aiming at containing the cyclicality of
Liquidity Risk;
lending. It is calibrated to act as a credible supplementary measure to the risk based
capital requirements. The leverage ratio is calculated by dividing Tier 1 capital by
assets (both on and off-balance sheet items).
The policy for Leverage Ratio including off and on balance sheet exposure and capital
related policy. The Bank has a well structured delegation and sub-delegation of credit
approval authority for ensuring good governance and better control in credit
approval system. The Board of Directors and its Executive Committee hold the
supreme authority for any credit approval in line with the credit committee consisting
of the senior management of the bank.
b) Policies and processes for NCC Bank Limited has policies and processes in place for the identification,
managing excessive on and management and monitoring of the risk of excessive leverage. NCCBL maintains the
off-balance sheet leverage; leverage ratio above the regulatory limit as a part of the Banks risk appetite
framework.
c) Approach for calculating In order to measure the exposure consistently with financial accounts, the following
exposure;
approaches are applied by the bank:
Page
49
I)
On-balance sheet, non-derivative exposures are net of specific provisions and

valuation adjustments (e.g. surplus/deficit on Available for Sale (AFS)/
Held-for-trading (HFT) positions).
II) Physical or financial collateral, guarantee or credit risk mitigation purchased is

not allowed to reduce on-balance sheet exposure.
III) Netting of loans and deposits is not allowed
A minimum Tier-1 leverage ratio of 3% is being prescribed by Bangladesh Bank both
at solo and consolidated basis. The Bank maintains leverage ratio on quarterly basis.
The status of leverage ratio at the end of each calendar quarter is submitted to
Bangladesh Bank showing the average of the month based on capital and total
exposure. The formula of Leverage Ratio is as under:
Leverage Ratio=
(Tire-1 Capital (after related deductions))

(Total Exposure (after related deductions))
Particulars
Solo Basis
BDT in Crore
Consolidated Basis
Tier 1 Capital*
On Balance Sheet Exposure*
Off-Balance Sheet Exposure*
Total Exposure
Leverage Ratio
1,523.23
13,869.50
2,434.07
16,303.57
9.25%
1,526.13
14,026.26
2,434.07
16,460.33
9.21%
10.00 Liquidity Ratio:

a) Views of BOD on system to
reduce liquidity Risk;
As per the BRPD Circular no. 18 dated 21 December 2014, Bangladesh Bank has
strengthened the liquidity framework by developing two minimum standards for
funding liquidity. These standards have been developed to achieve two separate
but complementary objectives.
The first objective is to promote short-term resilience of a bank's liquidity risk profile
by ensuring that it has sufficient high quality liquid resources to survive an acute
stress scenario lasting for one month. Liquidity Coverage Ratio (LCR) addresses this
Objective.
The second objective is to promote resilience over a longer time horizon by creating
additional incentives for a bank to fund its activities with more stable sources of
funding on an ongoing structural basis. The Net Stable Funding Ratio (NSFR) has a
time horizon of one year and has been developed to provide a sustainable maturity
structure of assets and liabilities.
b) Methods used to measure

Liquidity Risk;
Liquidity measurement involves assessing all of a bank's cash inflows against its
outflows to identify the potential for any net shortfalls including funding
requirements for off-balance sheet commitments.
An important aspect of measuring liquidity is making assumptions about future
funding needs, both in the very short-term and for long time periods. Another
important factor is the ability to access funds readily and at reasonable terms.
Several key liquidity risk indicators monitored on a regular basis to ensure healthy
liquidity position are as follows:
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50
c) Liquidity Risk management

system;
Cash Reserve Ratio (CRR)

Statutory Liquidity Requirement (SLR)
Credit Deposit Ratio (CDR)
Liquidity Coverage Ratio (LCR)
Net Stable Funding Ratio (NSFR)
Structural Liquidity Profile (SLP)
Maximum Cumulative Outflow (MCO)
Medium Term Funding Ratio (MTFR)
Liquid Asset to Total Deposit Ratio (LATDR)
Liquid Asset to Short Term Liabilities (LASTL) etc.
National Credit and Commerce Bank Limited maintains diversified and stable
funding base comprising of core retail, corporate and institutional deposits to
manage liquidity risk. The prime responsibility of the liquidity risk management of
the Bank lies with Treasury Division under the supervision of ALCO, which maintains
liquidity based on current liquidity position, anticipated future funding requirement,
sources of fund, options for reducing funding needs, present and anticipated asset
quality, present and future earning capacity, present and planned capital position etc.
The intensity and sophistication of liquidity risk management process depend on
the nature, size and complexity of a bank's activities. Sound liquidity risk
management employed in measuring, monitoring and controlling liquidity risk is
critical to the viability of the bank.
The Asset Liability Committee (ALCO), which meets at least once in a month, is
responsible for managing and controlling liquidity of the Bank. Treasury front office
closely monitors and controls liquidity requirements on daily basis by appropriate
coordination of funding activities and they are primarily responsible for
management of liquidity in the Bank. A monthly projection of fund flows is reviewed
in ALCO meeting regularly.
d) Policies and processes for

mitigating Liquidity Risk;
In order to develop a comprehensive liquidity risk management framework, the

Bank has a Board approved Contingency Funding Plan (CFP). A set of policies and
procedures that serves as a blueprint for the Bank to meet its funding needs in a
timely manner and at a reasonable cost. In this sense, a Contingency Funding Plan
(CFP) is an extension of ongoing liquidity management and formalizes the
objectives of liquidity management by ensuring:
A.
B.
C.
Maintenance of a reasonable amount of liquid assets;

Measurement and projection of funding requirements and
Management of access to funding sources.
CFP also provides directions for plausible actions in distress and emergency
situations. In case of a sudden liquidity stress, it is important for the Bank to be
seemed organized and efficient to meet its obligations to the stakeholders.
Maturity ladder of cash inflows and outflows are effective tool to determine a banks
cash position. A maturity ladder estimates a banks cash inflows and outflows and
thus net deficit or surplus (GAP) on a day to day basis and different buckets (e.g. 2-7
days, 1 month, 1-3 months, 3-12 months, 1-5 years and over 5 years).
a) Liquidity Coverage Ratio
(LCR)
Liquidity Coverage Ratio (LCR) is a new liquidity standard built on the

methodologies of traditional liquidity coverage ratio used by banks to assess
exposure to contingent liquidity events. LCR aims to ensure that a bank maintains an
adequate level of unencumbered, high-quality liquid assets that can be converted
into cash to meet its liquidity needs for 30 calendar days.
Stock of high quality liquid assets
LCR=
Total net cash outflows over the next 30 calender days
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51
The minimum standard for LCR is greater than or equal to 100. However, the bank's
BDT in Crore
status as on 31 December 2015 in this ratio is as follows:
Particulars
Regulatory Standard
31 December 2015
Total stock of high
quality liquid assets
Total
net
cash
outflows over the next
30 calendar days
Liquidity
Coverage
Ratio (LCR)
b) Net Stable Funding Ratio
(NSFR)
2,900.10
Greater than or
equal to 100
1,870.68
155.03%
Net Stable Funding Ratio (NSFR) is another new liquidity standard introduced by the
Basel Committee. The NSFR aims to limit over-reliance on short-term wholesale
funding during times of abundant market liquidity and encourage better
assessment of liquidity risk across all on and off-balance sheet items.
The minimum acceptable value of this ratio is 100 percent, indicating that Available
Stable Funding (ASF) should be at least equal to Required Stable Funding (RSF). ASF
consists of various kinds of liabilities and capital with percentage weights attached
given their perceived stability. RSF consists of assets and off-balance sheet items,
also with percentage weights attached given the degree to which they are illiquid or
long-term and therefore require stable funding. The time horizon of the NSFR is one
year, like the LCA, the NSFR calculations assume a stressed environment. The status
of Net Stable Funding Ratio (NSFR) as on 31 December 2015 is as under:
BDT in Crore
Particulars
Regulatory Standard
31 December 2015
Available amount of
stable funding (ASF)
Required amount of
stable funding (RSF)
12,205.38
Greater than 100
Net Stable Funding

Ratio (NSFR)
12,843.09
95.03%
11.00 Remuneration:
a) Information relating to the
bodies
that
oversee
remuneration;
Managing Director, MANCOM & Head of Human Resources Division govern the
remuneration related policies and practices in alignment of the Banks short & long
term objectives. They plays an independent role, operating as an overseer; and if
required, makes recommendation to the Board of Directors of the Bank for its
consideration and final approval for any remuneration related policy. The main work
includes presenting recommendations to the Board regarding remuneration,
compensation packages of senior management, incentive schemes and retirement
benefits. They also assist the Board of Directors to ensure that all employees are
remunerated fairly and get performance based compensation by ensuring effective
remuneration policy, procedures and practices aligned with the Banks strategy and
applied consistency for all employee levels.
b) Information relating to the

design and structure of
remuneration processes;
NCCBL has a flexible compensation and benefits system that helps to ensure pay
equity is linked with performance that is understood by employees, and keeps in
touch with employee desires and whats converted in the market, while maintaining
a balance with the business affordability. The compensation and benefits are
regularly reviewed through market and peer group study. The well-crafted total
rewards help the Bank to attract, motivate and retain talent that produces desired
business results. The structure and level of remuneration are reviewed time to time
based on Banks business performance and affordability. Other than the regular
monthly payments and a good number of allowances, NCCBL has variety of
market-competitive benefits schemes. The various cash and non-cash benefits include;
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52
Bank provided chauffeured car facility for top level executives, car maintenance
allowance, leave fare assistance, employee car loan facility, house building loan facility,
festival bonus etc. NCCBL also provides long term as well as retirement benefits to
employees, like leave encashment, provident fund, benefit under gratuity &
superannuation fund etc.
c) Description of the ways in

which current and future risks
are taken into account in the
remuneration
processes;
The overall objective of the Banks remuneration policy is to establish a framework for
attracting, retaining and motivating employees, and creating incentives for delivering
long-term performance within established risk limits.
The business risk including credit/default risk, compliance & reputational risk are mostly
considered when implementing the remuneration measures for each employee/group
of employee. Financial and liquidity risk are also considered.
Different set of measures are in practice based on the nature & type of business
lines/segments etc. These measures are primarily focused on the business target/goals
set for each area of operation, branch vis-e-vis the actual results achieved as of the
reporting date. The most vital tools & indicators used for measuring the risks are the asset
quality (NPL ratio), Net Interest Margin (NIM), provision coverage ratio, credit deposit ratio,
cost-income ratio, growth of net profit, as well the non-financial indicators, namely, the
compliance status with the regulatory norms, instructions has been brought to all
concerned of the Bank from time to time.
While evaluating the performance of each employee annually, all the financial and
non-financial indicators as per pre-determined set criteria are considered; and
accordingly the result of the performance varies from one to another and thus affect the
remuneration as well.
d) Description of the ways in

which the bank seeks to link
performance
during
a
performance measurement
period
with
levels
of
remuneration;
e) Description of the ways in

which the bank seek to adjust
remuneration to take account
of longer-term performance;
f ) Description of the different

forms
of
variable
remuneration that the bank
utilizes and the rationale for
using these different forms;
No material change has been made during the year 2015 that could the affect the
remuneration.
The Board sets the Key Performance Indicators (KPIs) for the senior management while
approving the business target/budget for each year for the Bank and business
lines/segments. The management sets the appropriate tools, techniques and strategic
planning (with due concurrence/approval of the Board) towards achieving those targets.
The most common KPIs are the achievement of loan, deposit and profit target with the
threshold of NPL ratio, cost-income ratio, cost of fund,
yield on loans, provision coverage ratio, capital to risk weighted asset ratio (CRAR), ROE,
ROA, liquidity position (maintenance of CRR and SLR) etc.
The Bank pays variable remuneration i.e. annual increment based on the yearly performance
rating on cash basis with the monthly pay. While the value of longer term variable part of
remuneration i.e. the amount of Provident Fund, Gratuity Fund, Superannuation Fund are
made provision on aggregate /individual employee basis; actual payment is made upon
retirement, resignation etc. as the case may be, as per rule.
A summary of Short-term and Long-term compensation plan are as follows:

Total Compensation = Fixed Pay (Salary) + Variable Pay (Bonus) + Variable Pay (Long
term incentive).
Form of variable remuneration offered by NCC Bank:
Cash Form:
Short-Term Incentive/Rewards
1.
2.
3.
4.
5.
6.
Yearly fixed and incentive bonus;

Yearly increment;
Business accomplishment financial award;
Car fuel and car maintenance allowance for executives;
Cash risk allowance for cashier;
Charge allowance for branch manager.
Long-Term Incentive/Rewards
1. Provident fund;
2. Gratuity;
3. Superannuation fund;
4. Employee house building loan with minimum interest rate;
5. Provident fund loan with minimum interest rate;
6. Periodically salary review (enhancement)
7. Furniture allowance for executives;
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53
Non-Cash Form:
Short-Term Incentives/Rewards
1. Accelerate promotion for top talents;
Long-Term Incentives/Rewards
1. Foreign training award;
a) Number of meetings held by the main Meeting regarding overseeing the remuneration was held on need basis. No
body overseeing remuneration during the additional remuneration was paid for such meeting.
financial year and remuneration paid to its

member;
b) i) Number of employees having received a Number of employees having received a variable remuneration award during
variable remuneration award during the the year 2015 was 1,743.
financial year;
ii) Number and total amount of guaranteed
Nil
bonuses awarded during the financial year;
iii) Number and total amount of sign-on
Nil
awards made during the financial year;
iv) Number and total amount of severance
Details of severance payments during the year 2015 are appended below:
payments made during the financial year;
Type of Severance Payment
Nos. of employee
BDT in crore
Leave encashment
50
0.57
Superannuation fund
22
0.60
c) i) Total amount of outstanding deferred
Nil
remuneration, split into cash, shares and
share-linked instruments and other forms;
ii) Total amount of deferred remuneration
Amount of deferred remuneration paid during the year: Tk. 12.01 crore.
paid out in the financial year;
d) Breakdown of amount of remuneration
Fixed and variable remuneration paid in 2015 are as follows:
awards for the financial year to show:
Particulars
BDT in crore
Basic salary
79.26
Allowances
57.00
Festival bonus
12.14
Gratuity
12.01
Provident fund contribution
6.62
Incentive bonus
18.80
Total
185.83
Deferred and non-deferred:
Deferred paid during the year 2015: Tk. 12.01 crore.
Non-deferred paid during the year 2015: Nil
Different forms used (cash, shares and share linked instruments, other forms):
All the remunerations are provided in the form of cash.
e) Quantitative information about employees exposure to implicit (e.g. fluctuations in the value of shares or performance units) and
explicit adjustments (e.g. claw backs or similar reversals or downward revaluations of awards) of deferred remuneration and retained
remuneration
i) Total amount of outstanding deferred
remuneration and retained remuneration
exposed to ex post explicit and/or implicit
adjustments;
Nil
ii) Total amount of reductions during the

financial year due to ex-post explicit
adjustments;
Nil
iii)Total amount of reductions during the

financial year due to ex-post implicit
adjustments;
Nil
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54
Industrialization around the globe has triggered the pursuit

of ever increasing needs and demands of the population and
it has become symbol of prosperity and development of an
economy. But on the other hand it has resulted in the
exploitation of the natural resources and environment which
in turn has disturbed the ecological balance. The disturbance
in ecological balance has adversely impacted on human and
its surrounding environment. The recent industrial disasters
and natural disaster occurred in the last three decades were
directly or indirectly linked with the uneven industrialization.
This in turn has raised an important issue of environmental
protection among environmentalists, government and
organization from all over the world. Environmental
sustainability and sustainable development have become the
important agenda among the international community.
Various conferences and programs such as Earth Summit and
United Nation Environmental program were being organized
to create awareness about this alarming issue. Understanding
the importance of the existence of human health & well being
governments as well as the organizations started taking
various initiatives for the concern of environmental
protection and sustainability. Environmental sustainability
plays a vital role in sustainable growth and development, as
the integration of social, economical and environmental
sustainability help to make the development sustainable.
Environmental protection has become a part of strategy in
most organizations in the developed countries and started
offering environment friendly or green products and services
to the consumers. We have also adopted environmental friendly
practices within the organization as under:
Green Banking Policy:
The Green Banking Policy of NCCBL has been prepared in
light of the Policy Guidelines for Green Banking issued by
the GB & CSR Department of Bangladesh Bank (GBCSRD
Circular No 4) on August 11, 2013 and also formed separate
Green Banking Unit with the responsibility for the design,
implementation and evaluation of relevant green banking
issues across the organization within the stipulated timeline,
as well as for periodic reporting to the Sustainable Finance
Department of Bangladesh Bank.
Green Office Guide:
NCC Bank Ltd. has already prepared Green Office Guide for
internal use as a set of general instructions for the employees
of the Bank. This guide encourages employees of the Bank to
save paper, water, electricity, gas etc., reuse of equipments,
using online communication system, adopting efficient
electronic equipments, sharing office stationary etc. in order
to save the environment.
Some Green Features of NCC Bank Bhaban (Head Office):
The Head Office (NCC Bank Bhaban) bears several green
features such as, scope of maximum use of daylights, using
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56
renewable energy (solar), energy saving bulbs, solar panels,

automatic stopping water faucets, low flush toilets, double
option flash (low/high) comod, using Email & Gmail for
communication, both side printing printers and
photocopiers,
E-tendering,
sharing
the
office
stationeries(stapler, punch machine, pin remover, marker,
fluid etc.),
energy efficient & environment friendly
equipments and many more.
Solar equipped Branches:
Throughout the country 12 Branches of NCC Bank Ltd. has
already inaugurated run by solar power. These are Uttara,
Tongi, Narshingdi, Maijdee, Madambibirhat, Juri, Rayerbazar,
Faridgonj, Mahipal , Parulia, NCC Bank Bhaban branch and
Head Office. The Marketing and Branches Division (MBD) and
Common Services Division (CSD) of our bank have already
been advised to increase the number of green branches and
also to open new green branches to ensure the compliance of
requirements of Bangladesh Bank in order to obtain Green
Logo from them.
Training:
Employee awareness, development and training on
environmental and social risk and the relevant issues are
continuous process as part of the Bank's Employee Training
Program. As greening of mind, we have arranged trainings
and awareness building programs related to Green Banking,
Financial Inclusions, Financial Literacy, Environmental Risk
Management, etc. During the year 295 Executives & Officers
have participated in 14 different seminars/workshops
training sessions held at Bangladesh Bank, BIBM, NCCB
Training Institute & other places.
Workshop on Green Finance and Financial Inclusion
Green Finance:
NCCBL is always encouraging financing environment friendly
projects & also 50 green products of Bangladesh Bank
(Bio-gas, Solar ,ETP, Recycling, Renewable energy, Fuel

efficient plant, Green industry etc.) under refinance scheme of
BB. NCCBL signed an agreement with Enterprise
Development Company Ltd.(EDCL) for facilitating green
finance against Four Cow Model projects to create eco
friendly & zero wasting farming system. During the year 2015
the Bank has provided Tk. 6964.26 million as both direct &
indirect Green Finance .
Distribution of bicycles among the underprivileged students

of former enclaves (Chitmohol)
Agreement with Enterprise Development Company Ltd.(EDCL)
Utilization of Climate Risk Fund:

NCC Bank participated in some environment related projects
and event in 2015 to make the awareness among the
stakeholders as well as corporate social responsibility to the
society. The Bank provided Tk. 15 lac as CSR as partial
construction cost of a Natural Storage for prevention of
perishable crops at Fatepur, Pirgonj in Rangpur and also
provided fund for Earthquake victims of Nepal & distribution
of bicycles among the underprivileged students of former
enclaves (Chitmohol) as CSR activities.
Green Marketing:
NCC Bank has launched various products under Green
Finance such as Intranet Banking, On line Banking, SMS
Banking, Credit Card, Debit Card and NCC Bank Sure Cash, ERecruitment, E- Tender etc. along with Refinance Scheme for
setting up Bio-Gas Plants, Solar Panels, ETP, vermicompost,
Hydroelectricity, Hybrid- Hoffman Brick Kiln etc., ADB
Refinance Scheme for Brick Kiln Efficiency Improvement. &
refinance
scheme
for Tk.10
account
holding
small/marginal/landless farmers, low income professionals
and marginal/ small businessmen who are victim of natural
calamities under financial inclusion program. We have also
prepared brochures to promote these green products.
Online Banking:
NCC Bank is giving more emphasis to make the easiest way
to help environment by eliminating paper waste, carbon
emission, reducing printing costs and postage expenses.
All of the branches of NCCBL are well equipped with online
facilities. At present our ATM services are at door step of
clients providing 24/7 nonstop services.
Assessing Environmental Risk factors in Credit
approval process:
While credit Risk (approval) Management division
processes the credit proposal, they give special attention
on Environmental Due Diligence whether the projects are
environment friendly & assess EnvRR in order to consider
the proposals.
Natural Storage in Rangpur
Agreement with Bangladesh Bank to avail refinances:

NCC Bank Ltd. has already signed 02 (Two) participation
agreements with Bangladesh Bank to avail refinance under
Energy Efficient and Environment Friendly Financeable
Sectors and Brick Kiln Efficiency Improvement Projects.
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57
Financial inclusion Program:

NCC Bank Ltd. has signed a participation agreement to
avail refinance scheme for Tk.10 account holding
small/marginal/landless
farmers,
low
income
professionals and marginal/ small businessmen who are
victim of natural calamities under financial inclusion
program to ensure our contribution in the financial
inclusion process by bringing the marginal people of
the country under the umbrella of banking services. In
2015 NCC Bank so far opened 2229 no of Tk. 10 A/cs &
facilitated loan of Tk. 6.58 million among the Tk. 10 A/c
holders under refinance scheme of BB to make access of
under privileged persons to banking facility.
Financial Literacy:
NCC Bank Ltd. has introduced various posters, banners,
brochures, pamphlets, advertisements, campaigns
regarding its products and also participated the
Banking Fair 2015 at Bangla Academy, Dhaka to build
up awareness to the customers as well as the nation.
The Bank also organized Tree Plantation Program to
motivate its clients to plant at least one plant, before
setting up industry take control & mitigation of
pollution, to ensure efficient use of electricity, water,
paper & reuse of equipments, use energy saving bulbs &
other eco-friendly equipments to save energy. 02(Two)
billboards of NCC Bank Ltd. has displayed at Mawa,
Dhaka-Khulna Highway & Matuail, Jatrabari in Dhaka
conveying the message of Green Banking.
central circular archive (http://192.168.101.20/Circulars/).

Moreover anyone can communicate with the Green
Banking Unit (GBU) through Gmail (address:
greenbanking@nccbank.com.bd) or vide 02-9512620.
Disclosure:
The Green Banking Unit of NCC Bank Ltd has been
reporting its green banking activities to Bangladesh Bank,
in Banks website as well as Annual Report.
NCC Bank Ltd. will continue its journey towards
sustainable banking through its operation and financing.
Upholding the ideology Respect for Nature, as one of its
pertinent core values.
We maintain the followings and pursue others to
maintain :
Reduce, Reuse & Recycle

Nature doesnt need us, we need nature, we are
to protect nature
Save Earth for Our Future
Less pollution is the best solution
Protect our earth today for our childrens
tomorrow
Save water, secure the future
Each one teach one how to plant
Save water, it will save you later
Environment is life, pollution is death
Recycling begins at home
Tree Plantation Program
Information related to environmental issues:

All the information of Green Banking or Sustainable
Banking & Financial Inclusions are available in the Head
Office
server
(address:
\\192.168.254.1\IT
Folder\Green_Banking_Soft Copy). All the Circulars related
to Green or Sustainable Banking are available in the Banks
Page
58
Solar Pannel
Alpha Credit Rating Limited (Alpha-rating) has assigned AA (pronounced Double A) rating in the Long Term and
AR-2 rating in the Short Term with Stable Outlook to NCC Bank Limited based on Audited Financial Statements of
2014. The rating also takes into consideration of improving profitability position, adequate statutory capital base,
performance of rescheduled accounts, consistency in dividend payment and adherence to compliance issues. The
above rating also reflects the NCCBs strong Balance Sheet along with experienced management. Details of the rating
are as under:
Year
Ratings
Long Term
Short Term
Outlook
Date of Rating
Valid till
Rating action
2014
2013
AA (Very Strong Capacity)

AR-2 (Strong Capacity)
Stable
June 30, 2015
June 29, 2016
Surveillance
AA (Very Strong Capacity)

AR-2 (Strong Capacity)
Stable
June 30, 2014
June 29, 2015
Surveillance
An institution rated AA in the long term have very strong capacity to meet its financial commitments and rated
AR-2 in the short term have strong capacity to meet its financial commitments in a timely manner. Stable Outlook
indicates that the Rating is likely to remain unchanged.
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59
Prize Bond 0.03%
Premium Term Deposit 0.01%

Instant Earning Term Deposit 0.00%
Money Double Program
Money Triple Program
7.90%
Investment in shares
0.54%
Sundry Deposit &

Other Accounts
Government treasury bills
5.28%
1.62%
Zero coupon bonds & other bonds
1.35%
4.55%
Special Deposit Scheme
3.68%
Sectoral
Distribution
of
Deposits
2015
Special Savings Scheme
14.57%
Distribution
of
Investment
Portfolio
2015
Fixed Deposit
40.06%
Savings Deposit
13.77%
Government treasury bonds
Current Deposit
Special Notice Deposit
91.72%
7.05%
7.87%
Others
12.98%
2.16%
Sectoral
Distribution
of
Advances
2015
6.46%
34.69%
Letter of Guarantee
9.90%
Export financing
4.24%
Transport and
communication
13,347
20,981
2013
Figure (in Million)
146,370
124,043
2012
135,160
125,842
103,511
Figure (in Million)
15,371
18,703
Export
(2011-2015)
Total Assets
(2011-2015)
Figure (in Million)
2012
Page
60
2013
2014
75.38%
22.76%
Remittance
(2011-2015)
2011
Total Advances
Import financing
1.63%
16,323
Funded
and
Contingent
Assets
2015
2015
2011
2014
2015
2011
2012
2013
2014
17,138
17.06%
Industry
14,354
Business
Letter of Credit
14,549
4.48%
21,706
0%
8.26%
House building loan
16,079
Export development
fund (EDF)
Acceptances and
endorsements
Agriculture
2015
Investment
(2011-2015)
Figure (in Million)
105,704
90,921
96,918
79,948
81,127
72,734
21,458
112,722
104,855
Figure (in Million)
26,569
19,908
20,840
30,852
49,995
51,308
45,283
52,614
Figure (in Million)
55,044
Deposit & Advance

(2011-2015)
98,229
88,167
Import
(2011-2015)
Deposit
Advance
2011
2014
2015
2015
2011
3,958
90,921
2013
2014
2013
Figure (in Million)
4,187
88,167
3,699
72,734
112,722
98,229
2014
2015
2011
2012
2012
2013
2014
2015
1.10
1.00
2014
2012
2014
15,655
14,249
13,270
2013
2015
13,865
Figure (in Million)
15,232
Tier-1 Capital
(2011-2015)
12,819
4,283
11,331
2011
10,701
11,825
Figure (in Million)
2015
1.28
1.00
2013
2014
2013
Total Capital
(2011-2015)
2.70
2012
2012
11,666
2011
16,594
2015
15,127
2015
3,818
3,269
2013
13,987
2012
12,136
Figure (in Million)
5,224
Figure (in Million)
4,784
Figure (in Million)
8,832
Shareholders Equity
(2011-2015)
8,029
Statutory Reserve
(2011-2015)
7,647
Paid-up capital
(2011-2015)
Dividend per Share

(2011-2015)
2011
2012
2011
Operational Profit
(2011-2015)
Figure (in Million)
105,704
96,918
2013
6,952
81,127
5,942
2011
2012
2015
Loans & Advances

(2011-2015)
Figure (in Million)
2011
2014
2013
104,855
Deposit
(2011-2015)
2012
3,866
2015
3,747
2015
2013
79,948
2012
12,778
2011
2015
2011
2012
2013
2014
2015
2011
2012
2013
2014
2015
Page
61
Tier-2 Capital
(2011-2015)
Capital Adequacy Ratio

(2011-2015)
14
13.52
13.42
8
6
0.97
1.14
10
1.16
11.87
11.47
11.26
2014
2015
0.91
12
2.12
1,362
16
1,262
1,168
1,112
1,124
Figure (in Million)
% of Return on Assets
(2011-2015)
4
2
2012
2013
2014
2015
2011
2012
2013
2014
2015
2011
% of Return on Shareholders Equity

(2011-2015)
2012
2013
Earnings per Share

(2011-2015)
1.54
1.70
1.49
2014
2015
16.13
2012
2013
2014
17.72
17.34
Figure (in Million)
2015
21,040
Figure (in Million)
22,937
Non-interest Earnings Assets

(2011-2015)
9,197
15,355
2014
2.68
2011
2013
Net Asset Value Per Share

(2011-2015)
13,789
2013
2011
2012
17.46
2015
2012
2011
19.50
2014
112,222
2015
94,314
2014
2.06
9.12
10.93
9.10
18.20
2013
Figure (in Million)
7.18
5.56
2012
125,330
2011
Interest Earnings Assets

(2011-2015)
7.49
5.51
2013
2015
11.20
2015
NPL Ratio
(2011-2015)
2012
2014
13.10
2014
30.40
2013
2013
108,688
2011
2012
Market Value Per Share

(2011-2015)
5.89
8.80
2012
6.59
8.73
8.21
Price Earnings Ratio

(2011-2015)
2011
8.96
2015
11.81
2014
112,052
2013
11.25
2012
11.50
11.04
2011
9.05
3.70
13.99
% of Return on Investment
(2011-2015)
18.98
2011
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62
2011
2015
2011
2012
2013
2014
2015
Figure (in Million)
Figure (in Million)
2012
2014
9,669
2013
1,364
1,434
1,138
2015
2012
2011
110
105
460
95
434
420
420
405
396
380
2015
75
2011
Market Value Per Share (in BDT) &

PE Ratio (in Times)
(2011-2015)
4,187
2011
2012
2013
2014
2015
2011
1,946
9.10
5.89
500
11.20
6.59
8.21
1000
Market Price
PE Ratio
13.10
8.80
1811
1500
2012
2013
2014
2015
2014
2015
Figure (in Million)
2296
18.20
8.73
1716
2277
30.40
2192
2013
Operational Profit & Net Profit

(2011-2015)
2500
2000
2012
2011
3,866
2014
3,747
2013
Operational Profit
Net Profit
2012
2013
1,501
2012
3,699
Number of Employees
(2011-2015)
2011
1,138
2015
80
3,958
2014
2013
87
85
1,434
2012
360
93
90
400
104
103
101
100
449
440
2011
2015
Number of Branches
2011-2015)
3,884
3,942
4,034
2014
2013
Number of Foreign Correspondents

(2011-2015)
Figure (in Million)
3,938
2012
2011
2015
Non-Interest Income
(2011-2015)
4,254
1,501
1,946
2,203
2,500
2014
2013
2014
1,364
2011
2,327
2,743
3,630
11,669
Figure (in Million)
11,146
Interest Income
(2011-2015)
12,020
Net Profit after tax

(2011-2015)
12,194
Profit before tax

(2011-2015)
2015
Page
63
Dear Honble Shareholders,

Assalamu Alaikum,
On behalf of the Board of Directors of NCC Bank Limited, It is a
great pleasure to welcome you all to the 31st Annual General
Meeting of the Bank. Taking this opportunity, I am happy to
present you the Annual Report 2015 along with the Directors
Report and the Auditors Report together with the Audited
Financial Statements of the company for the year ended on
31st December, 2015 for consideration, approval, and
adoption by our valued Shareholders. However, before going
into an elaborate discussion, it would be helpful reviewing the
economic scenario of the year both in global and local
context to understand the back ground of our operational
efforts.
Global Economy:
During the first half of the year 2015 growth in advanced
countries remained modest. In most of the emerging markets,
external conditions are taking more difficult turn. Financial
market volatility rose sharply during the summer, with
declining oil and commodity prices and downward pressure
on many emerging markets. Capital inflows have slowed, and
the liftoff of U.S. policy rates from the zero lower bound is
likely to create some further obstacles on external financial
conditions. While the growth slowdown in China is so far
broadly in line with forecasts, its cross-border impacts appear
larger than previously predicted. This is reflected in
weakening commodity prices specially those for metals, and
weak exports to China.
Preliminary data shows that global growth in the first half of
2015 was 2.9 percent which was about 0.3 percentage point
lower than predicted in April of the year. Growth was below
forecast for both advanced countries and emerging markets.
Despite a strong second quarter, growth in the United States
was weaker than expected,. This reflected setbacks to activity
in the first quarter, due to mainly harsh winter weather and
port closures, as well as much lower capital spending in the oil
sector. In spite of weaker growth, the unemployment rate
declined to 5.1 per-cent at the end of August which was 0.4
percentage point below its February level and 1 percentage
point below the level a year ago. Lower capital expenditures in
the oil sector were also one of main reasons behind the
slowdown in Canada, where economic activities reduced
modestly during the first half of 2015.
In the euro area, the recovery was broadly in line with the April
forecast, with stronger-than-expected growth beyond
expectation in Italy and especially in Ireland and Spain
(sustained by recovering domestic demand) offsetting
weaker than expected growth in Germany .
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64
Meanwhile in the United Kingdom, GDP expanded at an

annualized rate of 2.25% percent in the first half of 2015, with
the unemployment rate now back near its pre-crisis average
of about 5.50 % percent. In Japan, a strong rebound in the first
quarter was followed by a drop in activity in the second
quarter. Over the first half of the year, consumption fell short
of expectations and so did net exports. Exports declined
substantially in the second quarter.
Growth in China was broadly in line with previous forecasts.
Investment growth slowed compared with last year and
imports reduced, but rate of growth of consumption
remained steady. While exports were also weaker than
expected, they declined less than imports, and net exports
contributed positively to growth. Equity prices have dropped
sharply since that of July after a one-year bull run. While the
authorities intervened to restore orderly market conditions,
market volatility remained elevated through August.
Global industrial production remained weak through 2014,
consistent with the uneven strength in demand across major
economies and groups of countries, and slowed markedly over
the course of the first half of 2015, reflecting some building of
inventories in late 2014 and early 2015 but also lower
investment growth. World trade volumes also slowed in the
first half of 2015. Weak investment worldwide, particularly in
mining, as well as the trade spillovers of Chinas growth
transition, has likely contributed to this slowing. Measuring the
extent of the trade slowdown in the current context of large
commodity price and exchange rate changes is challenging,
however, and depends on the underlying measure.
Bangladesh Economy
Economic performance
Despite political agitation in early 2015 that adversely
affected transport services, exports, and private investment,
growth in Bangladesh sustained well due to brisk domestic
demand, fueled by higher worker remittances, private sector
wages, and public investment. Inflation moderated in FY2015
much as forecast in ADO 2015 from 7.4% a year earlier,
reflecting large public stocks of food grains, normal weather, a
supportive monetary policy, and lower global food and
commodity prices that a steady exchange rate allowed to pass
through. Export growth was 3.3% in FY2015, down
significantly from 12.1% in FY2014. Garmentscontributing
about 80% of total exportsgrew slowly by 4.1%, reflecting
disruption in supply chains due to political unrest in early
2015, soft demand from the European Union and the US, and
a marked decline in prices for cotton, a major input cost that
can affect pricing. Imports rose by 11.2%, accelerating from
8.9% growth in FY2014. Imports of food grains, machinery,
fertilizer, and industrial raw materials in large volume helped
in this regard. As exports grew significantly more slowly than
imports, the trade deficit widened markedly. In spite of a
strong recovery in remittances, the current account recorded
a small deficit slightly higher than the ADO 2015 forecast.
Economic prospects
The GDP growth forecast for FY2016 is revised somewhat
higher still with the expectation that exports will grow with
continued economic recovery in the US and the euro area,
strong expansion in remittances will boost consumption
demand, private and public investment will pick up as the
business climate improves under an apparent stable political
situation, and spending will increase under the annual
development program.
Average inflation in FY2016, predicted by ADB matches the
Central Banks monetary policy statement. Although higher
public sector wages and upward adjustments to administered
prices for natural gas and electricity from 1 September 2015
will exert inflationary pressure, the easing of supply
constraints, a cautious monetary policy, and a better crop
outlook should keep inflation in check. Export growth in
FY2016 is projected to improve to 6.0% as economic growth
in the euro area and the US strengthens. Imports are
projected to increase by 13.0%, mainly for capital goods,
industrial raw materials, and food grains. Despite the
expansion in remittances, the larger trade deficit will likely
mean a current account deficit narrower than in FY2015 but
failing to achieve the small surplus projected in ADO 2015.
Performance of the Bank
During the year ended on 31.12.2015, performance of the
Bank was satisfactory in terms of Operational Profit, Deposits
and Loans and Advances, etc. Total Deposits, Loans and
Advances and operating Profit at the end of the year stood at
Tk.1,12,722.21 , Tk.10,4854.73 & Tk.3866.26 million respectively.
Capital and Statutory Reserve
The Authorized Capital of the Bank stood at Tk.10,000 million
as on 31.12.2015 and Paid up Capital was Tk.8832.18 million
Statutory Reserve was Tk.5,222.71 million as on date.
Deposits :
At the end of the year under review, Deposits of the Bank
stood at Tk.1,12,722.21 million recording 6.64 % increase over
the previous years figure of Tk.1,05,703.61 million. Deposit
mix is shown in the chart appended below:
Deposit
(2011-2015)
2011
2012
2013
2014
112,722
105,704
98,229
96,918
81,127
Figure (in Million)
2015
Credit
The Bank has a well defined Credit Policy prepared in line with
the guidelines and instructions issued by Bangladesh Bank
from time to time. The Board of Directors of the Bank as part of
its policy formulation activities reviews this policy on regular
intervals to identify the sectors deserve attention taking into
consideration the prevailing business scenario and on that
basis bring necessary changes for accommodating these to
ensure that credit facilities extended to the right places to
safeguard peoples money deposited with us and uphold their
trust as well. We always endeavor to diversify our investments
and as such, look for promising new sectors of investments for
achieving good result. In 2015, total outstanding Loans and
Advance were Tk.104854.73 million. Credit Deposit Ratio
(CDR) was 83.57% in 2015.
Credit Administration:
Credit Administration Division (CAD) at Head Office is
engaged in ensuring close control on both pre and post
disbursement supervision and effective monitoring, The
Division has been authorized to withhold disbursement of
any sanctioned loan due to non compliance of the terms and
conditions as stipulated in the sanction advice as well as
inspect authenticity of documentation on site and actual
value of collateral securities offered. Recognizing the
importance of the job, it has been ensured to assign people
with adequate skills, experience and knowledge to discharge
this important task prudently. So far, It has been possible to
regularize a good number of large loans in terms of
documentation, securitization, etc which helped strengthen
asset quality. The Division also identifies slow moving cases to
give early alert so that Banks Recovery Division can initiate
proper actions to safe guard the Banks fund from becoming
stuck up/non performing.
Foreign Exchange Business:
Banks Foreign Exchange business is one of main sources of
its income, which contributes remarkably to the profit.
Naturally, it gets due care round the year. By assigning right
people to run the operation, this has been ensured. Adequate
and proper services rendered by the officers assigned made it
possible to earn good size of income from the sector over the
years. During the year ended on 31.12.2015, the Bank handled
Exports and Imports business to the tune of Tk.1,7137.57
million and Tk.49,995.21. million respectively. The number of
Banks Authorized Dealer (AD) branches were 22 in 2015. In
order to streamline this area of business Banks Import
business has been brought under a single processing
platform called NCC Bank International Trade Services (NITS)
for some years. Already it has brought result for us.
Correspondent network of the Bank consists of more than 396
offices of Foreign Banks World-Wide. In order to facilitate trade
settlements, remittance business and OBU operations, the
Bank has been maintaining 26 Nostro Accounts in all major
currencies of the World.
Page
65
Financial Institution Department (FID) at International

Division has made correspondent banking arrangements
with a good number of reputed International Banks of the
World for facilitating LC advising and confirmations, issuance
of Payment Instruction, Fund transfer and other banking
operations more easier for the clients..
Remittance Business:
A major driver in our national economic development foreign
remittance has now become one of the main sources of
banks fund, import financing as well as good sources of
exchange & commission earnings. With around 8.5 million
Bangladeshi nationals living and working in 155 countries,
Bangladesh has secured its place amongst the top 10
remittance receiving countries in the World. Foreign Exchange
Reserve is being boosted up due to the contribution from this
sector. Expatriate Bangladeshis are contributing to the
economic development of the country by sending their hard
earned money and also ensuring macro-economic stability.
NCC Bank Ltd put much emphasis on its foreign inward
remittance since long aiming at serving the increasing needs
of the Non-Resident Bangladeshis (NRBs) and provide quality
remittance services to the beneficiaries. The Bank has
established remittance arrangements with reputed global
MTOs having network all over the World. We are the first
super-agent in Bangladesh of 3 worlds renowned MTOs
namely MoneyGram International, International Money
Express (IME) and X-Press Money which is a clear recognition
of our efforts in this sector. Recently we have received
approval from MoneyGram to appoint 3 more sub-agent
banks which will hopefully increase the volume of business in
2016. Beside, we offer innovative products for NRBs and
playing expected role in strengthening national economy by
channeling inward remittance through formal Banking
system. It is also creating large client base for generating low
& no cost fund for the bank. There are some special deposits
and loan schemes also for the expatriates like Special Term
deposit, Real Estate Loan for purchasing land and housing,
Advance against remittance, Rehabilitation business loan, etc.
Currently we have our own representative in UAE, Oman. and
have plan to appoint more marketing & sales support staffs in
KSA, Malaysia, Qatar, Bahrain, Kuwait and other potential
countries in 2016.
NCC Bank always committed to deliver hard earned
remittance of the expatriates at the doorsteps of the
beneficiaries in all possible ways. The total remittance
distribution networks currently consists of 1600 out-lets
including reputed NGO TMSS and specialized Bank AVUB and
other Sub-agent banks. It has designed automated
Remittance Management System (RMS) to facilitate prompt
and secured service to the beneficiaries. BEFTN system
introduced by Bangladesh Bank helps us to credit any third
banks payment anywhere in Bangladesh next working day.
The Real Time Gross Settlement (RTGS) for same day account
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66
credit and Application Programming Interfacing (API) for

instant account credit will be introduced in 2016, which will
take the service level to new heights.
Continuous and significant growth in foreign remittance has
been witnessed till 2014. But after that due to some internal
and external factors as well as decline in global remittances
and marginal growth of countrys remittance the volume of
foreign remittance declined by 20% in the last year. NCC Bank
could fetch USD 194.09 million as inward foreign remittance
in 2015. We are taking all possible measures to increase the
inflow of remittance in 2016 and have already signed
agreement with reputed company Merchantrade Asia in
Malaysia. Negotiations are underway with Prabhu Money,
USA, Al Ansari Exchange and Al Fardan Exchange in UAE, Al
Mirqab Exchange in Qatar, NEC Money Transfer, UK, BFC in
Bahrain, Modern Exchange in Oman, BEC in Kuwait, SBX in
Australia and Bangladeshi Money Exchange in Canada. We
sincerely hope to secure more market share in the sector to
ensure sustainable growth of remittance in the coming years.
Card Business:
With a view to embracing advanced technology as well as
satisfying customers demand, NCC Bank launched Card
service back in 2005. NCCB Cards have gained much
popularity due to use of state of the art card management
system. The ever changing demand of the customers are met
efficiently through this sophisticated financial tool ensuring
customer satisfaction. NCCB Card Division maintains
relationship with a good number of prominent corporate
houses enabling the customers availing discount facilities
from them. Now NCCB Card is considered as a symbol of
elegance, luxury and convenience.
Paying due attention to create the benefits as desired by the
customers NCCB offers a wide range of card products, such as:
Multi-Currency Cards:
Visa Platinum Card
Visa Dual Gold Credit Card
Visa Virtual Card (Pre-paid card)

Local Currency Cards:
Visa Local Gold Credit Card
Visa Local Classic Credit Card
Visa Local Gold Debit Card
Proprietary Debit Card

Visa Credit cards of the Bank are accepted in all Visa branded
merchant outlets round the World. In addition, instant cash
withdrawal facility through branch POS, auto debit payment
instruction, balance transfer facilities, reward program,
discount facility at prestigious merchant outlets, installment
facility with zero interest, instant SMS alert service for all
transactions, 24 x 7 support service, E-Statement Service, etc
are also on the shelf. Free accessibility and fast transaction
approval process have enhanced the image of NCC Visa card
in the industry .
New Products:
Platinum Chip Card:
NCC Card is going to launch a very attractive new product
called Visa Platinum Card with EMV chip technology soon. This
product is designed to serve the sophisticated clients with
wide range of benefits and client services for giving them the
feeling of being part of the elite of the society.
Adopting EMV Technology:
We have adopted the latest Payment Card Industry (PCI)
technology known as EMV which is the most secured card
issuing technology. It is a technical standard for smart
payment cards and for payment terminals and Automated
Teller Machines (ATM) that can accept them. EMV cards are
smart cards (also called chip) which store data on integrated
circuits rather than magnetic stripes. Our all existing cards will
be converted to EMV chip card within 2016.
Priority Pass Services :
With the introduction of EMV Platinum Chip card for our high
value clients, we are going to provide Priority Pass Services to
our Platinum Cardholders. Priority Pass Service is a value
added service which will allow our platinum cardholders and
their guests to use airport lounges around the world at a
reasonable cost. It is easy to use and our cardholders can have
access over 700 lounges in the list whenever they travel.
1. Regardless of airline flown
2. Regardless of class of travel
3. Regardless of membership to airline frequent flyer
schemes and
4. No need to pre-book
24 x 7 Call Centre Service
Good customer care enhances satisfaction of the clients and
the profitability of the organization. It is one of the essential
ways that allows maintaining better relationship and
interaction with the existing as well as the prospective
customers. In order to serve our cardholders more efficiently
and effectively, we are going to setup a Call Centre shortly. The
project is now under implementation stage and it is expected
to be completed within April 2016. In this connection, we have
already obtained short code 16315 from BTRC. It will act as
dialing code for our debit and credit card services.
3D Secure System for e-commerce Transactions:
NCC Card has introduced Visa 3D Secure System also known as
Two Factor Authentication (2FA) system to ensure 100% risk free
online/internet transactions to the cardholders by imposing an
additional level of security process for card authentication. It
will protect our customers from ever increasing risk of cyber
crime and reduce fraud/ loses for both the bank and customers.
In this system an additional One Time Password (OTP) will be
used for each transaction to validate the online purchase, which
will be sent to the cardholders registered mobile and email
addresses for immediate intimation.
Free Balaka Lounge Service at Hazrat Shahjalal

International Airport
Now a days everybody likes to be served differently and
exclusively. In recent days access to VIP lounge especially at
the airport has been considered as a symbol of prestige and
dignity for Credit Card holders. We are delighted to inform
that we have finalized the agreement with Intercontinental
Dhaka, (Former Ruposhi Bangla) to allow our International
Credit Card holders to use Balaka VIP lounge with associated
facilities at Hazrat Shahjalal International Airport, Dhaka
Mentionable that our international credit cardholders will
enjoy this facilities free of cost.
The prospect of NCC Bank card is bright and it will continue its
endeavors to uphold the image of the Bank in the market in future.
Treasury:
NCC Bank Treasury is an integrated division having all sorts of
modern up-to-date facilities as well as skilled manpower with
adequate knowledge and experiences in the respective fields
of operation. In line with global standard our Dealing Room
has all modern facilities, i.e. Reuters, on-line dealing system,
dedicated internet connectivity, voice recorder, Financial TV
Channel, entry restricted door, etc.
As on 31.12.2015 Banks total investment was BDT 19,629.28
million, which was 26.12% lower than the previous years
figure of BDT 26,571.76 million. In spite of this the Division has
earned a handsome amount of profit in the year 2015 through
its various initiatives. Besides these, being a Primary Dealer of
Govt. Approved Securities, the Bank operates in the Money
Market effectively.
The main function of Treasury Division of any financial
institutions i.e. Banks is focused on efficient and prudent fund
management taking into cognizance all inherent risks. To
cope up with the countrys monetary as well as fiscal policies
all concentration of Treasury Division is driven to manage
overall liquidity of the Bank by ensuring profit maximization
and fulfilling regulatory requirements such as CRR, SLR,
Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio
(NSFR) & Net Open Position (NOP).
As an active member of BAFEDA, PDBL and BAMDA our
Treasury is actively participating in the inter-bank foreign
exchange as well as money market activities to create scope
for short term and long term investment.
The Division plays significant role in the profit generation of
the Bank by managing fund both in local and foreign
currency. NCCBL Treasury has four specified desks along with
Off-shore Banking Unit related to managing fund and
mitigating the liquidity risks, such as : Foreign Exchange Desk:
Foreign Exchange desk of NCCBL Treasury plays important
role in meeting up funding requirement of the customers,
managing export proceeds and procuring remittance by
Page
67
offering most competitive rate to the Money Transfer

Organizations (MTOs). Besides, the desk deals with different
foreign exchange derivatives namely USD/BDT spot, Swaps,
forward transactions in inter-bank markets and cross currency
dealings (Need based transactions) with foreign counterparts
abroad.
Money Market Desk:
The Money Market desk of the Division regularly participates in
the inter-bank market and deals with all types of existing money
market products, i.e. Call money, Term Placement and borrowing,
Repo, Reverse Repo, Assured Liquidity Support, Special Repo, etc.
with the Central Bank and inter-bank mostly on overnight basis.
Besides, USD/BDT Swap is considered as a very popular money
market derivative and the desk actively participates in Swap
transactions in order to manage liquidity position.
Asset Liability Management Desk:
The main functions of AssetLiability Management
Committee are concentrated on setting up and execution of
all types of strategies related to effective Asset- Liability
Management by monitoring various balance sheet gaps
considering risk limit. It takes various decisions regarding
interest rate structure of deposits, loan pricing, credit deposit
ratio, contingency funding plan, Structural Liquidity Profile,
Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio
(NSFR) and Transfer Pricing mechanism for internal funding
and investment.
Primary Dealer (PD) operation and Fixed Income Desk:
As a member of Primary Dealer of Government Securities the
Treasury has to participate in all types of Primary Auctions of
Government approved securities on behalf of NCCBL.
Bangladesh Bank has taken different steps to make the
secondary markets of Government Treasury Bills/Bonds a
vibrant one. But the demand for Treasury Bonds in capital
market was almost dull due to want of promotional activities
in this regard. In spite of difficulties NCCBL Treasury has
continuously been trying to develop the bond market through
trading of Treasury Bills and Bonds in the secondary market.
Off-Shore Banking Unit:
After obtaining permission from Bangladesh Bank in 2010,
the Bank has started OBU operation at its 02 (Two) Branches in
small scale in 2013. In 2015 the volume of funding
commitment to OBU was enhanced through 01(one) Branch
i.e. our Foreign Exchange Branch. During the year 2015
different AD Branches of the Bank have discounted 277 no. of
bills at our Off-Shore Banking Unit (OBU).The funding through
our OBU at the year end-2015 was USD 30.64 million which
has been arranged from our own source as well as borrowing
from some local and foreign Banks. Recently to intensify OBU
operation the Unit has been shifted at the NCC Bank Bhaban
under direct supervision of Treasury. This would facilitate
further improvement of the Units function.
Operational Result
As on 31st December, 2015 Banks Operating Profit was Tk.
3866.26 million as against Tk. 3746 million of preceding year.
Return on Assets (ROA) was 1.16 %.
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68
Human Resources Management

It is no denying the fact that a skilled and motivated work
force is vital for balanced and sustainable growth of any
financial institutions like Banks. Such a team would work with
zeal and vigor to achieve organizational goals both in short
and long run. But developing skill level requires proper need
based updated training on banking issues related to
economic activities. Such trainings must be designed on
Industry best practices to make them effective. The authority
of the Bank possesses the required means to ensure this. In
the backdrop of rapid changes in the sector Training Institute
of the Bank is regularly arranging different training
programmes, workshops, seminars, etc round the year to cope
with the challenges of the day. Other motivational steps such
as rewarding for extra ordinary performance through
monetary and other means are also being taken to this effect.
Banks Training Institute has arranged a total no. 58 training
programmes, workshops, etc. on related issues in 2015 where
2243 no of executives/officers took part to acquire updated
knowledge of banking to prepare themselves to face the
challenge of the day. Besides, 341 executives and officers were
sent to institutions like BIBM, BBTA for training during the period.
Total no of Executives and officers of the Bank as on
31.12.2015 was 1945 against 1901 of 2014.
Network of Branches
Within span of a few years Bangladesh Bank has introduced
various technology based systems to establish uniformity
among the Banks as part of its modernization initiatives as
well to bring majority of the people of the remote areas of the
country under the purview of formal banking activities. This,
coupled with increased per capita income has opened up a
great opportunity for the Banks to expand Branch network.
Taking this opportunity, we have taken steps to open more
branches and to relocate a few to be able to cover even more
potential customers in near future. We are also bringing
changes in a number of Branches through renovation for
improvement of internal environments and better customer
experience. In 2015, our number of branches reached 104. We
hope to open at least 4 branches in 2016 in potential areas
having business potentials. Prior to final decision, necessary
survey will be conducted to ensure viability.
Dividend:
Our every effort is aimed at paying good dividend to our
valued Shareholders. The same is held good for this year also
and in the light of the appropriation of operational profit, the
Board of Directors of the Bank has been pleased to recommend
12.75% cash dividend to the Shareholders in the ensuing
Annual General Meeting, subject to approval of the
shareholders.
Managing Core Risks in Bank
Managing various risks in the Banking operations properly
and prudently is very essential for safeguarding interest of the
stakeholders. Recognizing this like previous years due
importance and care have been given in this regard during
the year 2015 also towards compliance of Bangladesh Banks
guidelines and also requirements of different Regulatory
Bodies. Accordingly, different Committees and Departments
of the Head Office were engaged in specific tasks for

managing the associated operational risks to be compliant
with the rules & regulations of various regulatory bodies like
Bangladesh Bank, Securities and Exchange Commission, etc.
Audit and Inspection
As part of regular activities Audit and Inspection Unit of Banks
Internal Control and Compliance (ICC) Division conducts
routine audit of Branches and Divisions/Departments of Head
Office for ensuring proper effective and adequate internal
control over the affairs of the Bank. The Division places report of
the Unit to the Audit Committee of the Board as part of
regulatory requirements, which examine the same in its
meeting and guide the Management in taking corrective and
punitive actions, if required. It is encouraging that with the
active initiatives of the Audit Committee recently most audit
objections could be reduced to a satisfactory level. There is also
a Special Vigilance Officer in the MD & CEO Secretariat
entrusted with the special job of inspecting urgent issues and
reports his findings to the Chief Executive Officer of the Bank
directly.
Information Technology
Now a days the IT has taken the place of main driving force in
the Banking Operations. Accordingly, a skilled and able team is
entrusted with the vital duty of running the Information
Technology Division of the Bank deserving special attention,
which is engaged in designing required softwares in house to
meet urgent requirements of various operational units of the
Bank. Its Hardware unit is always ready to troubleshooting at
any corner of the country. Due to adequate and timely action
of the Division, Banks Core Banking System and other online
products could be run very smoothly through out the year. It
is now possible for us to provide SMS Banking, Internet
Banking, etc to the customers making banking more easier
than ever. IT audit Unit of the Division is also active in
monitoring online activities to detect any suspicious
transaction in the system before hand to check fraud and forgery .
Customer Services and Complaint Management
The Bank has a Customer Services and Complaint
Management Cell created in line with the guidelines of
Bangladesh Bank. Under the Cell, Zonal and Branch level
Desks are also created to ensure customers services through
satisfying query and handling complaint lodged through
Bangladesh Bank and directly to the Cell.
Corporate Governance
Ensuring Corporate Governance is a pre-condition for
establishing accountability and transparency in the affairs of
various spheres of any organizations like Banks that deal with
public money or interest. In order to ensure this adequate
measures have been taken through proper utilization of
available resources and implementing day to day decision in
accordance with the directions of the Regulatory Bodies like
Central Bank, Securities and Exchange Commission.
A) Board Structure: The 14 members Board of Directors of
the Bank formulates and monitors guidelines/policy to run
the whole affairs of the Bank. Three sub-Committees of the
Board, namely Executive Committee, Audit Committee and
Risk Management Committee of the Board co-operate and
help the Board to discharge its responsibility and ensure
implementation of various decisions taken in its regular

meetings to ensure functioning of various operational and
supporting units of the Bank. The Board of Directors of the
Bank met for 25 times during the year 2015.
B)Executive Committee : The Board has reconstituted its
Executive Committee to make the same a functioning one.
The reconstituted Executive Committee met 06 times in 2015
and took some important decisions to facilitate Board
decision making process.
(ii)Audit Committee: The Audit Committee after reviewing
both internal and external audit reports placed before them
instructs the Management to take action ensuring true
reflection of the companys financial state in the periodical
disclosures to help the Board in formulating befitting policies.
The Committee also thoroughly analyses and scrutinizes the
performance of the Statutory Auditors, Financial Statements
(quarterly as well as annually), Annual Budget, etc as part of its
duty. In 2015, the Audit Committee of the Board met for 19 times.
(iii)Risk Management Committee: This is another Statutory
Committee endeavors to identify present and future risks in
the operations of the Bank and advising the Management
towards mitigate the same to save the Bank from any
untoward incident. The Committee held 04 meetings during
the year 2015.
B. Financial Management:
Documents like Annual Budget and all statutory financial
disclosures of the Bank are prepared with the approval of the
Board of Directors which monitors/evaluates issues like Banks
liquidity, Income, Expenses, Non-Performing Loan (NPL), Provisions
and measures taken to recover stuck up Loans and Advances.
C. Management Structure:
The Managing Director and Chief Executive Officer of the
Bank heads the Management Team consisting of senior
members which runs its affairs and decides action to ensure
profitability in line with the policies/guidelines of the Central
Bank and Board of Directors of the Bank. There are few
Committees to assist the Management towards achieving its
main objectives considering practical factors.
(i) Management Committee (MANCOM): This is the
highest policy and decision making body of the Bank in
Management level headed by the Managing Director
and CEO. The Senior members of Management, mainly
divisional heads are its members. The Committee sits
regularly and takes decision on issues concerning
running the Bank and ensure proper implementation of
these decisions.
(ii) Asset Liability Management Committee (ALCO) : The
Asset Liability Management Committee (ALCO) meets
on monthly basis for taking decisions primarily on issues
relating to Banks Assets and Liquidity position. It also
fixes price of Assets and Liability products of the Bank in
line with the market situation keeping an eye to
enhance profitability.
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69
(iii) Head Office Credit Committee (HOCC) : Headed by the

Additional Managing Director, HOCC examines,
evaluates the business proposals sent by the Branches in
accordance with policy guidelines, business
performance of the Clients, market situation, etc. and
takes decision regarding approving/declining of the
same for ensuring good investment and places its
recommendations to the MD and CEO for further action.
(iv) Taskforce for Recovery of Classified Loans: The Task
Force under the Managing Director and CEO reviews
slow moving and classified Loans and Advances of the
Bank for taking measures to recover the same to
improve Banks financial health.
(v) CRM Monitoring Cell : A monitoring Cell has recently
been opened at CRM Division for monitoring the loans
and advances cases starting from its booking to
sanction so that the same are well conducted from
disbursement till recovery. The Cell is engaged in
developing a strong Management Information System
(MIS) for providing updated information towards
effective monitoring of credit portfolios for ensuring
asset quality and reducing the NPL position of the Bank.
The Cell is working to develop suitable software for
updating data warehouse, which will be interfaced with
the Banks Core Banking Software. After completion of
this project, the Management will be in a position to
identify the loans and advance status of the branches
well ahead of those becoming NPL and to take
necessary measures.
D. Code of Ethics/Policy of Business Conduct :
The HR Management Policy of the Bank as approved by the
Board of Directors governs the affairs of the employees to
ensure proper discipline and ignite motivation among them
to work in a concerted style towards achieving organizational
goals. Further, there is a Code of Conduct also for settling any
conflict of the interest arising in discharging duty by any
employee. Other policies required to ensure transparency
are in place, or their preparation is underway.
E. Internal Control System and appropriate Accounting
Policy:
A system has been established for ensuring proper internal
control and its efficiency is being observed through regular
review. Monitoring of internal control and compliance has also
been ensured. Appropriate accounting policies are applied in
preparing financial disclosures as prescribed in the the
International Accounting Standards (IAS), where applicable.
Corporate Social Responsibility: The Bank always puts due
emphasis on its CSR activities considering its obligations to
the society. Through the NCC Bank Foundation, a non profit
body established by the Board of Directors of the Bank, CSR
activities have been carried out for some years in various
sectors since its inception. A considerable amount has
already been spent in sectors like education, health,
infrastructure development, social advancement, etc. In 2012,
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70
the Bank, through the Foundation, has introduced a stipend

giving programme for meritorious but destitute students of
various corners of the country who passed SSC and HSC
Examinations securing GPA 5.00. The Bank has a plan to
undertake projects to supplement programmes undertaken
by the government towards development of the society in
near future as follows :
(i)
Financial and Social Inclusion : Under an inclusive

approach Banks direct expenditure in CSR has been
aimed at social and financial inclusion of under
privileged and un-banked segment of the population.
(ii) Agriculture Credit : In response to the ambitious plan

of Bangladesh Bank to revitalize the agriculture sector of
the country, the Bank has extended credit to agri and
agro based sectors in the last year also. The size of loan
to this sector in 2015 was Tk.2034.55 million.
(iii) Women Entrepreneurs : To honor the Bangladesh Bank
directives, the Bank has established separate desks both
at Branch and Head Office to process proposals
submitted by the women entrepreneurs and thereby
implementing its policy to empower women folks of the
country which consists 50% of total population. A
product in the name and style of NCCBL
NARISHABOLOMBI introduced with easy terms and
interest rate in this connection receiving encouraging
response from the entrepreneurs In 2015, the Bank could
extend an amount of Tk.29.00 million to 34 individuals.
(iv) Day Care for children of the employees of the Bank:
Bangladesh Bank directives and ILO declaration on the
policy titled ABC of Womens Rights and Gender
Equality put great emphasis on taking proper care to the
children of officer/staff irrespective of gender, free of
cost or at charges affordable for them. Countrys
talented youth are much aware about their future and as
such now opting for Banking as their career. To retain
them in the long run, proper care for their children
should be ensured. To this end, a Day Care Centre has
been set up at al Amin Center, Dilkusha C/A in
collaboration with same other Banks. The Officers of the
Bank can now leave their children at the Centre paying a
nominal monthly charge.
(v) Hospital and Old Home : Depending on availability of
required land we are contemplating to establish a
hospital and an old home for senior citizens of the
country who have no place to go at their final stage of
life. These establishments will have all modern facilities
at an affordable cost.
Transport Management : The vehicles of the Bank are used
as per approved Transport Policy prepared according to
Bangladesh Bank guidelines. As per Policy, the number of
vehicles are consistent with the size of employees and branch

network and its growth is restricted within the limit of 10%
annually as evident from the notes attached with the
Financial Statement SL36.1 of the Annual Report-2015 under
the sub-head Car Expenses which shows total expenses as
Tk.4,83,77,563/- as on 31.12.2015 against the amount of
Tk.4,49,23,333.00 only as incurred in 2014. Other directives as
stipulated in BRPD Circular letter No.02 dated 16.01.2014 of
Bangladesh Bank have been noted and being complied with
accordingly.
National Integrity Strategy: The National Integrity Policy
announced by the Government is aimed at establishing good
governance in all spheres of the society as a whole. To this end,
NCC Bank has also constituted a Committee on National
Integrity Strategy to create awareness among its workforce. In
all applicable training courses, the policy and its
implementation strategy are discussed to make it familiar for
compliance.
Meetings of the Board of Directors and its Committees:
During the year 2015 the Board of Directors met 25 times. On
the other hand Executive Committee, Audit Committee and
Risk Management Committee of the Board held 6, 19, 4
meetings during the period respectively.
Directors : In accordance with the provisions of the Articles of
Association of the Bank and relevant Rules/Circulars/Notifications
of Regulatory Bodies in force and relevant clauses of
Companies Act,1994, the following 03(three) Directors from
Sponsors Group and one Director from the Group of General
Public Shareholders shall retire in the Banks ensuing 31st AGM,
by rotation and all of them are eligible for re-election as
Directors of the Bank in the said AGM.
From Group A i.e. Sponsor Shareholders :
(i)
(ii)
(iii)
Mrs. Sohela Hossain

Mr. Yakub Ali
Mr. Md. Abul Basher
From Group- C i.e. General Public Shareholders

(i)
As recommended by the Audit Committee of the Board, the

Board of Directors of the Bank has recommended to re-appoint
M/S. ACNABIN, Chartered Accountants as Statutory Auditors of
the Bank for auditing the financial statements of the Bank for
the year 2016. subject to approval by the honble Shareholders
in the Banks ensuing 31st Annual General Meeting.
Future lookout
We cherish to steer our beloved Bank to such a prestigious
position that it turn out as a role model for others in the sector.
Our activities are aim at that direction. As you know, we have
already accommodated our Corporate Head Office at our own
22 storied NCC Bank Bhaban at the heart of the city and
initiated re-branding efforts a year back. Both these event are
playing as source of inspiration for all of us. Using this as
leverage we plan to go ahead with specific Road Map for next
few years. We could expand our Branch network to increase
our areas of operations. New products recognizing the ever
changing needs of the people will be introduced in our Product
ranges. Moving forward in next few years, effort are underway
to strengthen Asset quality by securing quality business
backed by strong collateral securities and recovering old NPLs
as well as streamlining operational performance and cost
cutting. These steps will be invigorated further in the comings
days. It is our firm belief that in near future the Bank will emerge
as an organization of which we dreamt.
Conclusion :
The members of the Board of Directors of the Bank take the
opportunity to record their sincere heartfelt thanks and
gratitude to the Government of the Peoples Republic of
Bangladesh, Bangladesh Bank, Bangladesh Securities and
Exchange Commission, Stock Exchanges in Dhaka and
Chittagong, different Government Agencies, Regulatory Bodies,
Shareholders, Patrons, Valued Clients, Well-wishers and other
Stakeholders for their continued support, guidance and
co-operation. The Board of Directors also places its thanks to
the Management Team and employees of the Bank for their
dedicated services for the continuous growth of the Bank.
On behalf of the Board of Directors
Mr. Khairul Alam Chaklader
Statutory Auditors :
M/S. ACNABIN, Chartered Accountants was for the first time
appointed as Statutory Auditor of the Bank in the last AGM for
auditing the accounts of the Bank for the year 2015 at a fee of
Tk.2,00,000/- only They are eligible to continue for consecutive
three years as per terms/rules of Bangladesh Bank, subject to
approval of the valued Shareholders of the Bank in the AGM
being held today.
S.M. Abu Mohsin

Chairman
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71
CERTIFICATE OF COMPLIANCE TO THE SHAREHOLDERS OF

National Credit and Commerce Bank Limited and its Subsidiaries
(As required under the BSEC Guidelines)
We have examined compliance to the BSEC Guidelines on Corporate Governance Guidelines by National
Credit and Commerce Bank Limited and its Subsidiaries for the year ended 31 December 2015. These
guidelines relate to the notification # SEC/CMRRCD/2006-158/134/Admin/44 dated 7 August 2012 and
subsequently amended through the notification # SEC/CMRRCD/2006-158/147/Admin/48 dated 21 July
2013 of Bangladesh Securities and Exchange Commission (BSEC) on Corporate Governance under section
2CC of the Securities and Exchange Ordinance, 1969.
Such compliance to the codes of Corporate Governance is the responsibility of the Banks management. Our
examination was limited to the procedures and implementation thereof as adopted by the bank and its
subsidiaries in ensuring the compliance to the conditions of Corporate Governance Guidelines. This is a
scrutiny and verification only and not an expression of opinion on the financial statements of the bank and its
subsidiaries.
In our opinion and to the best of our information and according to the explanations provided to us, we certify
that, subject to the remarks and observations as reported in the attached Compliance Statements, the bank
and its subsidiaries have complied with the conditions of Corporate Governance Guidelines as stipulated in
the above-mentioned guidelines issued by the BSEC.
We also state that such compliance is neither an assurance as to the future viability of the bank and its
subsidiaries, nor a certification on the efficiency or effectiveness with which the management has conducted
the affairs of the bank and its subsidiaries. This is also no endorsement about quality of contents in the Annual
Report of the bank.
Dhaka, 30 March 2016
MABS & J Partners

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72
Status of compliance with the conditions set out by the BSEC

Notification on Corporate Governance Guidelines
Status of compliance with the conditions of Corporate Governance Guidelines as set by Bangladesh Securities & Exchange
Commission (BSEC) by the notification # SEC/CMRRCD/2006-158/134/Admin/44 dated 07 August 2012 and subsequently
amended through their notification # SEC/CMRRCD/2006-158/147/Admin/48 dated 21 July 2013 issued under section 2CC of
the Securities and Exchange Ordinance, 1969:
(Report under Condition No. 7.00)
Condition
No.
Title
Complied
1.0
Board of Directors
1.1
1.2
Boards size shall not be less than 5 and more than 20

1.2 (i)
Independent director: At least 1/5th of the total number of directors
1.2 (ii) a)
Independent director does not hold any share or holds less than one
percent (1%) shares of total paid up capital.
Independent Director is not a sponsor of the company and is not
connected with the companys Sponsor or Director or Shareholder
who holds 1% or more shares.
Independent director does not have any other relationship, whether
pecuniary
or
otherwise,
with
the
company
or
its
subsidiary/associated companies.
Independent directors are not the members, directors or officers of
any stock exchange.
Independent director is not the shareholder, director or officers of any
member of Stock Exchange or an intermediary of the capital market.
Independent director is/was not the partners or executives during
preceding 3 (three) years of concerned companys statutory audit firm.
Independent directors is not the independent director in more than 3
(three) listed companies.
Independent director is not convicted by a court of competent
jurisdiction as a defaulter in payment of any loan to a bank or a
non-bank financial institution (NBFI).
Independent director has not been convicted for a criminal offence
involving moral turpitude.
The independent director shall be appointed by the Board of Directors
and approved by the Shareholders in the AGM.
The post of independent directors cannot remain vacant for more than
90 days.
The Board shall lay down a Code of Conduct of all Board Members
and annual compliance of the Code to be recorded.
The tenure of office of an Independent Directors shall be for a period
of 3 (three) years which may be extended for 1 (one) term only.
1.2 (ii) b)
1.2 (ii) c)
1.2 (ii) d)
1.2 (ii) e)
1.2 (ii) f)
1.2 (ii) g)
1.2 (ii) h)
1.2 (ii) i)
1.2 (iii)
1.2 (iv)
1.2 (v)
1.2 (vi)
1.3
Qualification of Independent Director (ID)
1.3 (i)
Independent Director shall be knowledgeable individual with integrity

who is able to ensure required compliance.
The independent director must have at least 12 (twelve) years of
corporate management/ professional experiences along with other
requisites.
In special cases above qualifications may be relaxed by the
Commission
The Chairman of the Board and Chief Executive Officer and their
Clearly Defined roles and responsibilities.
1.3 (ii)
1.3 (iii)
1.4
Compliance Status as on 31 December 2015

(Put in the appropriate column)
Not Complied
Remarks
(if any)
As per Bank
Company Act
No such Event
occurred
No such deviation
occurred
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73
Condition
No.
Title
Directors Report to Shareholders

Industry outlook and possible future developments in the industry
Segment-wise or product-wise performance.
Risks and concerns
Discussion on cost of goods sold, gross profit margin and net profit
margin
Discussion on continuity of any Extra-Ordinary gain or loss.
1.5 (v)
Basis for related party transaction- a statement of all related party
1.5 (vi)
transactions should be disclosed in the annual report
Utilization of proceeds from public issues, right issues and/ or
1.5 (vii)
through any others instruments.
An explanation if the financial results deteriorate after the company
1.5 (viii)
goes for IPO, RPO, Rights Offer, Direct Listing etc.
If significant variance occurs between quarterly financial performance
1.5 (ix)
and annual financial statements the management shall explain about
the variance on their Annual Report.
Remuneration to directors including independent directors.
1.5 (x)
The financial statements prepared by the management of the
1.5 (xi)
company present fairly its state of affairs, the results of its operation,
cash flows and changes in equity.
Proper books of account of the company have been maintained.
1.5 (xii)
Appropriate accounting policies have been consistently applied in
1.5 (xiii)
preparation of the financial statements and that the accounting
estimates are based on reasonable and prudent judgment.
International Accounting Standards (IAS)/Bangladesh Accounting
1.5 (xiv)
Standards (BAS)/International Financial Reporting Standards
(IFRS)/Bangladesh Financial Reporting Standards (BFRS), as
--applicable in Bangladesh, have been followed in preparation of the
financial statements and any departure there from has been
adequately disclosed.
The system of internal control is sound in design and has been
1.5 (xv)
effectively implemented and monitored.
There are no significant doubts upon the company's ability to
1.5 (xvi)
continue as a going concern.
Significant deviations from the last years operating results of the
1.5 (xvii)
company shall be highlighted and the reasons thereof should be
explained.
Key operating and financial data of at least preceding 5 (five) years
1.5 (xviii)
shall be summarized.
If the company has not declared dividend (cash or stock) for the year,
1.5 (xix)
the reasons thereof shall be given.
The number of Board meetings held during the year and attendance
1.5 (xx)
by each director shall be disclosed.
The pattern of shareholding shall be reported to disclose the aggregate number
1.5 (xxi)
of shares (along with name wise details where stated below) held by:
1.5 (xxi) a) Parent/Subsidiary/Associated Companies and other related parties (name wise
details);
1.5 (xxi) b) Directors, Chief Executive Officer, Company Secretary, Chief Financial Officer,
Head of Internal Audit and their spouses and minor children (name wise details);
1.5 (xxi) c) Executives (top five salaried employees of the company other than stated in
1.5(xxi)b);
1.5 (xxi) d) Shareholders holding ten percent (10%) or more voting interest in the company
(name wise details).
In case of appointment/re-appointment of a director, the company shall
1.5 (xxii)
disclose the following information to the Shareholders:
1.5 (xxii) a) A brief resume of the Director;
1.5 (xxii) b) Nature of his/her expertise in specific functional areas.
1.5
1.5 (i)
1.5 (ii)
1.5 (iii)
1.5 (iv)
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74

Complied
Not Complied
Remarks
(if any)
No such event occurred
No such Item
Exists
No such event
occurred
Board of directors recommended

12.75% (Twelve point seven five
percent)Cash dividend for
the year 2015.
No shareholder holds
more than 10% share
Condition
No.
1.5 (xxii) c)
2.0
2.1
2.2
3
3 (i)
3 (ii)
3 (iii)
3.1
3.1 (i)
3.1 (ii)
3.1 (iii)
3.1 (iv)
3.1 (v)
3.1 (vi)
3.2
3.2 (i)
3.2 (ii)
3.3
3.3 (i)
3.3 (ii)
3.3 (iii)
3.3 (iv)
3.3 (v)
3.3 (vi)
3.3 (vii)
3.3 (viii)
3.3 (ix)
3.3 (x)
3.4.
3.4.1
3.4.1 (i)
3.4.1 (ii)
3.4.1 (ii) a)
3.4.1 (ii) b)
3.4.1 (ii) c)
3.4.1 (ii) d)
Title

Complied
Names of companies in which the person also holds the directorship and the
membership of committees of the board.
Chief Financial Officer, Head of Internal Audit & Company Secretary
Appointment of CFO, Head of Internal Audit and Company Secretary and their
clearly defined roles, responsibilities and duties.
Attendance of CFO and the Company Secretary at Board of Directors meeting
Audit Committee:
Audit Committee shall be the sub-committee of the Board of Directors.
The Audit Committee shall assist the Board of Directors in ensuring that the
financial statements reflect true and fair view of the state of affairs of the Company
and in ensuring a good monitoring system within the business.
The Audit Committee shall be responsible to the Board of Directors. The duties of
the Audit Committee shall be clearly set forth in writing.
Constitution of the Audit Committee
The Audit Committee shall be composed of at least 3 members.
Constitution of Audit Committee with Board Members including one Independent
Director.
All members of the Audit Committee should be financially literate and at least 1
(one) member shall have accounting or related financial management experience.
Filling of Casual Vacancy in Committee
The Company Secretary shall act as the secretary of the Committee.
The quorum of the Audit Committee meeting shall not constitute without at least 1
independent director.
Chairman of the Audit Committee
Chairman of the Audit Committee shall be an Independent Director.
Chairman of the Audit Committee shall remain present in the Annual General
Meeting (AGM).
Role of Audit Committee
Oversee the financial reporting process.
Monitor choice of accounting policies and principles.
Monitor Internal Control Risk management process.
Oversee hiring and performance of external auditors.
Review along with the management, the annual financial statements before
submission to the board for approval.
Review along with the management, the quarterly and half yearly Financial
Statements before submission to the Board for approval.
Review the adequacy of internal audit function.
Review statement of significant related party transactions submitted by the
management.
Review Management Letters/ Letter of Internal Control weakness issued by
statutory auditors.
When money is raised through Initial Public Offering (IPO)/ Repeat Public Offering
(RPO)/Rights Issue the company shall disclose to the Audit Committee about the
uses/ applications of funds by major category (capital expenditure, sales and
marketing expenses, working capital, etc.), on a quarterly basis, as a part of their
quarterly declaration of financial results.
Reporting of the Audit Committee
Reporting to the Board of Directors
The Audit Committee shall report on its activities to the Board of Directors.
The Audit Committee shall immediately report to the Board of Directors on the
following findings, if any:
Report on conflicts of interests.
Suspected or presumed fraud or irregularity or material defect in the internal
control system;
Suspected infringement of laws, including securities related laws, rules and
regulations;
Any other matter which shall be disclosed to the Board of Directors immediately.
Not Complied
Remarks
(if any)
No such event
occurred
Page
75
Condition
No.
3.4.2
3.5
4
4 (i)
4 (ii)
4 (iii)
4 (iv)
4 (v)
4 (vi)
4 (vii)
4 (viii)
5
5 (i)
5 (ii)
5 (iii)
5 (iv)
5 (v)
6
6 (i)
6 (i) a)
6 (i) b)
6 (ii)
7
7 (i)
7(ii)
Page
76
Title

Complied
Reporting of anything having material financial impact to the Commission.
Reporting to the Shareholders and General Investors.
External/Statutory Auditors should not be engaged in:
Appraisal or valuation services or fairness opinions.
Financial information systems design and implementation.
Book-keeping or other services related to the accounting records or
financial statements.
Broker-dealer services.
Actuarial services.
Internal audit services.
Any other service that the Audit Committee determines.
No partner or employees of the external audit firms shall possess any
share of the company they audit at least during the tenure of their
audit assignment of that Company.
Subsidiary Company
Provisions relating to the composition of the Board of Directors of the
holding company shall be made applicable to the composition of the
Board of Directors of the subsidiary company.
At least 1 (one) independent director on the Board of Directors of the
holding company shall be a director on the Board of Directors of the
subsidiary company.
The minutes of the Board meeting of the subsidiary company shall be
placed for review at the following Board meeting of the holding
company.
The Minutes of the respective Board meeting of the holding company
shall state that they have reviewed the affairs of the Subsidiary
Company also.
The Audit Committee of the holding company shall also review the
Financial Statements, in particular the investments made by the
Subsidiary Company.
Duties of Chief Executive Officer (CEO) and Chief Financial Officer
(CFO):
They have reviewed financial Statements for the year and that to the
best of their knowledge and belief:
These financial statements do not contain any materially untrue
statement or omit any material fact or contain statements that might
be misleading.
These financial statements together present a true and fair view of the
companys affairs and are in compliance with existing accounting
standards and applicable laws.
There are, to the best of knowledge and belief, no transactions
entered into by the company during the year which are fraudulent,
illegal or violation of the companys code of conduct.
Reporting and Compliance of Corporate Governance:
The company shall obtain a Certificate from a Professional
Accountant/Secretary (CA/CMA/CS) regarding compliance of
conditions of Corporate Governance Guidelines of the Commission
and shall send the same to the shareholders along with the Annual
Report on a yearly basis.
The directors of the company shall state, in accordance with the
Annexure attached, in the directors' report whether the company has
complied with these conditions.
Not Complied
Remarks
(if any)
Statement of the Attendance of the Board of Directors during the year 2015
SL
No.
Name of the Hon'ble Directors
Position
Meetings held
Attended No. of Absence
Remarks
Mr. S. M. Abu Mohsin
Chairman
25
23
Mrs. Sohela Hossain
Vice Chairman
25
24
02 (two) Leave of
Absence Granted
01 (one) Leave of
Absence Granted
Mr. A.S.M. Main Uddin Monem
Director
25
22
03 (three) Leave of
Absence Granted
Mr. Md. Abdul Awal
Director
25
21
Mr. Amjadul Ferdous Chowdhury
Director
25
15
10
Mr. Abdus Salam
Director
25
22
04 (four) Leave of
Absence Granted
10 (ten) Leave of
Absence Granted
03 (three) Leave
of Absence Granted
Mr. Yakub Ali
Director
25
24
01 (one) Leave of
Absence Granted
Alhaj Md. Nurun Newaz
Director
25
25
All meetings attended
Mr. Md. Abul Bashar
Director
25
22
10 Mr. Md. Harunur Rashid
Director
25
17
11 Mr. Khairul Alam Chaklader
Director
25
20
03 (three) Leave of
Absence Granted
08 (eight) Leave of
Absence Granted
05 (five) Leave of
Absence Granted
12 Mr. Md. Moin Uddin
Director
25
19
19 (nineteen) Leave of
Absence Granted
13 Mr. Md. Amirul Islam, FCS, FCA
25
25
14 Mr. K. A. M. Haroon
25
25
Page
77
The pattern of shareholding of NCC Bank Limited as on 31.12.2015 as per BSECs Notification No. BSEC/CMRRCD/2006-158/134/Admin/44 dated August 07, 2012:
a) Shareholding by Parent/Subsidiary/Associated Companies and other related parties: Nil
b.i) Shareholding by Directors:
SL.
No.
1
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
Name
Mr. S.M. Abu Mohsin
Mrs. Sohela Hossain
Mr. A.S.M. Mainuddin Monem
Mr. Md. Abdul Awal
Mr. Abdus Salam
Mr. Yakub Ali
Mr. Md. Abul Bashar
Mr. Md. Harunur Rashid
Mr. Md. Moinuddin
Total
No. of
Shares
Designation
Chairman
Vice Chairman
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
17789128
17715472
17669257
18566625
17680444
18557753
17666512
18043901
18568275
19616314
44172058
23007683
249053422
ii) Shareholding by Managing Director & CEO

iii) Shareholding by Company Secretary
iv) Shareholding by Chief Financial Officer
v) Shareholding by Head of Internal Control & Compliance
vi) Shareholding by Spouses of above Executives
: Nil
: 1270 (0.00%)
: Nil
: Nil
: Nil
c) Shareholding by Executives : as on 31.12.2015

i) Mr. Mosleh Uddin Ahmed,AMD
ii) Mr. Fazlur Rahman, DMD
iii) Mr. Abu Zafore Md. Saleh, DMD
iv) Mr. Ishtiaque Ahmed, SEVP
v) Mr. Mukthar Ahmed, SEVP
Vi) Mr. M Wahedur Rahman, SEVP
vii) Mr. A.B.M. Abdullah, SEVP
viii) Spouses of above Executives
: Nil
: Nil
: Nil
: Nil
: Nil
: Nil
: Nil
: Nil
d) Shareholders holding ten percent (10%) of shares
: Nil
Page
78
(%) of Shares
as on
31.12.2015
2.01
2.01
2.00
2.10
2.00
2.10
2.00
2.04
2.10
2.22
5.00
2.60
28.20
Report of the Audit Committee of Board

of Directors of NCC Bank Limited
Audit Committee of the Board
As per Banking Companies Act-1991 (as amended in 2013) an Audit Committee of the Board of Directors of a banking
company shall be formed to assist the Board of Directors of the Bank for smooth running of the banking business.
Accordingly, the Audit Committee of the Board of Directors of National Credit and Commerce Bank Limited (NCCBL) has
been constituted as per guidelines of Bangladesh Bank and Bangladesh Securities and Exchange Commission. Both the
Regulators have emphasized on prudent and effective oversight by the Audit Committee of the Board for un-earthing
lapses and irregularities, if any, committed by the Bank officials at every tier and ensuring strict financial discipline in the
Bank through recommendations to the Board. The major objectives of the Audit Committee of the Board are as follows:
To implement the objectives, strategies and comprehensive business plans set by the Board of Directors for
effective functioning of the Bank.
To report its activities to the Board of Directors on periodical basis and give independent and unbiased opinion on
the financial statements based on the findings of Statutory Auditors and other Inspection Teams of Internal and
External Authorities.
To review the merit and accuracy of financial reporting process, degree of effectiveness of the Banks internal
control system and management of financial reporting process, the system of internal control and management of
financial risks, the audit process and the Banks risk management process.
To review the Banks existing IT governance and security infrastructure including IT system audit and its control
mechanism to protect the IT based fraud and forgery, as per guidelines of Regulatory Bodies.
To assist the Management for maintaining close liaison with the Board of Directors and the Management,
Shareholders, Depositors and other Stakeholders through fair and transparent dissemination of facts, which will
help creating the confidence of the corporate arena on the Bank.
To evolve effective process, policies and procedure for fair financial disclosure, developing a industry best practices
internal control system and maintaining liaison with Internal and External Auditors to minimize various post audit
business and operational risks.
Composition of the Committee and Qualifications of the Members
The Audit Committee of the Board of Directors of National Credit and Commerce Bank Limited was constituted in
accordance with Bangladesh Bank BRPD Circular No.11 dated 27 October 2013 and Notification on Corporate Governance
issued by BSEC on 07 August 2012. The Audit Committee of the Board of NCCBL was last re-constituted in the 325th Meeting
of the Board of Directors held on November 28, 2015 with the following members of the Board:
Status with
the Bank
Status with
the Committee
Chairman
B.Com. (Hons), M.Com., DAIBB, FCS, FCA
02 Mr. Md. Abul Bashar
Director
Member
B.S. (MIS), USA
03 Mr. Md. Harunur Rashid
Director
Member
M.A.
04 Mr. Khairul Alam Chaklader
Director
Member
B.Com.
Member
BSc Engg.
Sl
Name
No.
01 Mr. Md. Amirul Islam FCS, FCA
05 Mr. K.A.M. Haroon
Educational
Qualification
The Company Secretary of the Board of Directors acts as the Secretary of the Audit Committee of the Board.
Roles and Responsibilities of Audit Committee
In line with the Audit Plan-2015, the Audit Committee carried out its activities successfully to attain its prime
objectives and other relevant responsibilities as per its Terms of Reference (TOR), with the guidance of the Board of
Directors of the Bank as per the guidelines outlined in BRPD Circular No.11 dated 27 October 2013, Corporate
Governance Notification issued by BSEC on 07 August 2012 and considering other best practice corporate
governance guidelines & standards. Some important roles and responsibilities of the Audit Committee of the Board
are highlighted below:
Page
79
Internal Control
To evaluate whether the Management is setting the appropriate compliance culture by communicating the importance of
internal control and other risk factors and ensuring that all employees are aware of their roles and responsibilities;
To review the arrangements made by the management for building a suitable Management Information System (MIS)
including computerization system and its applications;
To consider whether internal control strategies as recommended by the Internal and External Auditors have been
implemented by the Management;
To review the existing risk management procedures for ensuring an effective internal check and control system;
To review the corrective measures taken by the Management as regards the reports relating to fraud-forgery, deficiencies in
internal control systems or other similar issues, detected by the Internal and External Auditors and Inspection Team of the
Regulatory Authority(s) and inform the Board on a regular basis.
Financial Reporting
To review the annual financial statements and determines whether this is complete and consistent with the accounting
standards set by the Regulatory Authority(s);
Internal Audit
To review the activities and organizational structure of the internal audit function and ensures that no unjustified restrictions
or limitations are imposed;
To review the efficiency and effectiveness of internal audit functions;
To review that findings and recommendations made by the Internal Auditors for removing the irregularities detected and also
gives necessary advices to the Bank Management for running the affairs of the bank efficiently.
External Audit
To review the auditing performance of the Banks External Auditors and the Banks audited Annual Financial Statements and
all other half yearly, quarterly unaudited financial statements.
To review the findings and recommendations made by the External Auditors for removing the irregularities detected and also
running the affairs of the Bank through the Management.
To make recommendations to the Board of Directors of the Bank regarding appointment of the External Auditors.
To advice for compliance with existing laws and Regulations.
Other Responsibilities
To place compliance report before the Board of Directors on quarterly basis regarding regularization of the errors and
omissions and actions suggested to resolve fraud and forgeries and other irregularities as detected by the Internal and
External Auditors and Inspection Teams of Regulatory Authorities;
To perform other oversight functions as desired by the Board from time to time and also evaluates the Committees own
performance on regular basis.
Meetings of the Audit Committee
The Audit Committee of the Board held 19 (Nineteen) meetings during the year 2015 and held detailed discussions on the findings of
Banks Internal Control and Compliances Division on the branches as well as Head Office Divisions/Departments as placed in its
meetings. It gives prudent advices to the Management for improvement of Banks financial health and gives proper advices to the
Management to move in the right path.
The Audit Committee, among others, discharged the following responsibilities during the year 2015:
Internal Control
The Committee reviewed the existing internal control system in the company to introduce the appropriate compliance culture.
Internal Audit
The Committee introduced various formats for reporting facts and figures in a prudent way to the Committee.
The Committee reviewed the efficiency and effectiveness of internal audit functions.
The Committee reviewed the audit and inspection reports on branches and departments of Head Office of the Bank from time
to time and gave necessary instructions to the Management to ensure compliance
Page
80
External Audit
The Committee recommended the appointment of External Auditors of the Bank for the year 2015.
The Committee finalized the Audit Report and Annual Financial Statements of the Bank for the year under report.
The Committee reviewed and discussed on the Reports of External Auditors on the Management and advised the
Management to take appropriate actions as part of compliance.
Bangladesh Banks Audit

The Committee reviewed the Bangladesh Banks Comprehensive Audit and Inspection Report and advised the Management
to take appropriate actions as part of compliance.
The Committee reviewed other compliance issues of Bangladesh Bank as and when demanded.
Financial Statement Reporting

The Committee reviewed quarterly and half yearly financial statements of the Bank before submission of the same to the
Board for approval.
The Committee reviewed the annual financial statements of the Bank before submission to the Board for approval and
authorized for its public dissemination.
Others
The Committee reviewed the loan write off proposals presented by the Management and made appropriate
recommendations to the Board of Directors for their approval.
The Audit Committee expresses its sincere thanks to the Members of the Board of Directors of the Bank, Management Team and the
External Auditors for extending their all out support in carrying out the duties and responsibilities of the Committee satisfactorily
during the year 2015.
On behalf of the Audit Committee of the Board,
Md. Amirul Islam FCS, FCA

Chairman
Audit Committee of the Board
Dhaka
March 27, 2016
Page
81
Report of the Managing Director & CEO

and the Chief Financial Officer (CFO)
We have reviewed accompanying consolidated financial statements of NCC Bank Limited and its
subsidiaries (the Group) as well as the financial statements of NCC Bank Limited (the Bank)
which comprise the consolidated and the separate balance sheet as at 31 December 2015,
profit and loss account, statement of changes in equity, cash flow statement for the year then
ended, and a summary of significant accounting policies and other explanatory notes.
These financial statements have been prepared and presented fairly in accordance with
Bangladesh Accounting Standards (BASs) and Bangladesh Financial Reporting Standards
(BFRSs), The First Schedule (section 38 of the Bank Companies Act, 1991, as amended by the
BRPD Circular no. 14 dated 25 June 2003, other Bangladesh Bank Circulars, the Companies Act,
1994, The Securities and Exchange Rules 1987, Dhaka and Chittagong Stock Exchanges listing
regulations and other laws and rules applicable in Bangladesh.
The Bank has taken proper and sufficient care in installing a system of internal control, which is
reviewed, evaluated and updated on an ongoing basis. The Internal Control & Compliance
Division of the Bank conducts periodic audits to provide reasonable assurance that the
established policies and procedures of the Bank were consistently followed.
Based on the internal control system of the Bank and our review of these financial statements,
we certify that to the best of our knowledge and belief:
i) these statements do not contain any materially untrue statement or omit any material fact or
contain statements that might be misleading;
ii) these statements together present a true and fair view of the Banks affairs and are in
compliance with existing accounting standards and applicable laws;
iii) no transactions entered into by the Bank during the year which are fraudulent, illegal or
violation of the Banks code of conduct.
Chief Financial Officer

Dated, Dhaka
24 March 2016
Page
82
Page
83
Report on the Financial Statements

We have audited the accompanying consolidated financial statements of NCC Bank Limited and its
subsidiaries (the Group") as well as the separate financial statements of NCC Bank Limited (the Bank),
which comprise the consolidated and separate balance sheets as at 31 December 2015, and the
consolidated and separate profit and loss accounts, consolidated and separate statements of changes in
equity and consolidated and separate cash flow statements for the year then ended including a summary
of significant accounting policies and other explanatory information.
Managements Responsibility for the Financial Statements and Internal Controls
Management is responsible for the preparation of consolidated financial statements of the Group and also
separate financial statements of the Bank that give a true and fair view in accordance with Bangladesh
Financial Reporting Standards as explained in note# 2.1 and for such internal control as management
determines is necessary to enable the preparation of consolidated financial statements of the Group and
also separate financial statements of the Bank that are free from material misstatement, whether due to
fraud or error. The Bank Company Act, 1991 and the Bangladesh Bank Regulations require the Management
to ensure effective internal audit, internal control and risk management functions of the Bank. The
Management is also required to make a self-assessment on the effectiveness of anti-fraud internal controls
and report to Bangladesh Bank on instances of fraud and forgeries.
Auditor's Responsibility
Our responsibility is to express an opinion on these consolidated financial statements of the Group and the
separate financial statements of the Bank based on our audit. We conducted our audit in accordance with
Bangladesh Standards on Auditing. Those standards require that we comply with ethical requirements and
plan and perform the audit to obtain reasonable assurance about whether the consolidated financial
statements of the Group and separate financial statements of the Bank are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
consolidated financial statements of the Group and separate financial statements of the Bank. The
procedures selected depend on the auditors judgment, including the assessment of the risks of material
misstatement of the consolidated financial statements of the Group and separate financial statements of
the Bank, whether due to fraud or error. In making those risk assessments, the auditor considers internal
control relevant to the entitys preparation of consolidated financial statements of the Group and separate
financial statements of the Bank that give a true and fair view in order to design audit procedures that are
appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting
policies used and the reasonableness of accounting estimates made by management, as well as evaluating
the overall presentation of the consolidated financial statements of the Group and also separate financial
statements of the Bank.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinion.
Opinion
In our opinion, the consolidated financial statements of the Group and also separate financial statements
of the Bank give a true and fair view of the consolidated financial position of the Group and the separate
financial position of the Bank as at 31 December 2015, and of its consolidated and separate financial
performance and its consolidated and separate cash flows for the year then ended in accordance with
Bangladesh Financial Reporting Standards as explained in note# 2.1.
Page
84
Report on Other Legal and Regulatory Requirements

In accordance with the Companies Act, 1994, Securities and Exchange Rules 1987, the Bank Company
Act, 1991 and the rules and regulations issued by Bangladesh Bank, we also report the following:
(a) we have obtained all the information and explanation which to the best of our knowledge and belief
were necessary for the purpose of our audit and made due verification thereof;
(b) to the extent noted during the course of our audit work performed on the basis stated under the
Auditors Responsibility section in forming the above opinion on the consolidated financial statements
of the Group and the separate financial statements of the Bank and considering the reports of the
Management to Bangladesh Bank on anti-fraud internal controls and instances of fraud and forgeries as
stated under the Managements Responsibility for the Financial Statements and Internal Controls:
i)
internal audit, internal control and risk management arrangements of the Group and the Bank,
as disclosed in note# 2.20 of the financial statements, appeared to be materially adequate;
ii) nothing has come to our attention regarding material instances of forgery or irregularity or
administrative error and exception or anything detrimental committed by employees of the
Bank and its related entities other than matters disclosed in note # 2.31 of these financial statements;
(c) financial statements of subsidiary, NCCB Securities and Financial Services Limited, of the Bank have
been audited by Shafiq Mizan Rahman and Augustine, Chartered Accountants, financial statements of
subsidiary, NCCB Capital Limited (NCCBCL), of the Bank have been audited by Hoda Vasi Chowdhury &
Co., Chartered Accountants, and the financial statements of another subsidiary, NCCB Exchange (UK)
Limited, of the Bank have been certified by Shahidullah & Co. Certified Chartered Accountants and have
been properly reflected in the consolidated financial statements;
(d) in our opinion, proper books of account as required by law have been kept by the Group and the Bank
so far as it appeared from our examination of those books;
(e) the consolidated balance sheet and consolidated profit and loss account of the Group and the separate
balance sheet and separate profit and loss account of the Bank dealt with by the report are in
agreement with the books of account;
(f) the expenditure incurred was for the purposes of the Banks business;
(g) the consolidated financial statements of the Group and the separate financial statements of the Bank
have been drawn up in conformity with prevailing rules, regulations and accounting standards as well
as with related guidance issued by Bangladesh Bank;
(h) adequate provisions have been made for advances which are, in our opinion, doubtful of recovery;
(i) the records and statements submitted by the branches have been properly maintained and
consolidated in the financial statements;
(j) the information and explanation required by us have been received and found satisfactory; and
(k) we have reviewed over 80% of the risk weighted assets of the Bank and we have spent around 4080
person hours for the audit of the books and accounts of the Bank.
Dated, Dhaka
30 March 2016
ACNABIN
Page
85
31.12.2015
Taka
31.12.2014
Taka
01.01.2014
Taka
5(a)
9,276,639,728
1,191,641,434
8,084,998,294
8,612,161,539
1,173,484,713
7,438,676,826
7,875,262,639
1,256,477,870
6,618,784,769
6(a)
4,266,890,889
3,996,625,740
270,265,149
2,414,393,658
471,533,599
1,942,860,059
670,604,823
341,687,470
328,917,353
PROPERTY AND ASSETS

Cash
In hand (including foreign currencies)
Balance with Bangladesh Bank and its agent bank (s)
(including foreign currencies)
Balance with other banks and financial institutions
In Bangladesh
Outside Bangladesh
Money at call and short notice
Investments
Government
Others
8 (a)
21,525,654,873
20,035,094,753
1,490,560,120
26,597,505,060
25,241,572,158
1,355,932,902
19,933,799,397
18,352,194,148
1,581,605,249
Loans and advances

Loans, cash credits, overdrafts, etc.
Bills purchased & discounted
9(a)
107,971,500,888
104,891,779,279
3,079,721,609
93,766,512,875
91,585,216,994
2,181,295,881
90,790,437,249
88,986,893,032
1,803,544,217
10(a)
11(a)
2,641,964,604
2,591,715,651
1,928,152,272
2,014,263,699
147,610,803,254 135,996,552,482
1,759,065,816
3,597,079,822
124,626,249,746
Fixed assets including premises,

furnitures and fixtures
Other assets
Non-banking assets
TOTAL ASSETS
LIABILITIES AND CAPITAL
Liabilities
Borrowings from other banks,
financial institutions and agents
12 (a)
5,565,807,122
5,025,525,649
2,763,533,530
97,986,947,700
7,844,244,383
1,319,767,208
11,167,226,439
47,844,992,750
29,810,716,920
Deposits and other accounts

Current deposits and other accounts
Bills payable
Savings bank deposits
Fixed deposits
Term deposits
13 (a)
112,486,283,039 105,458,206,463
10,882,801,448
9,303,413,794
1,882,364,468
2,038,624,517
15,519,149,153
12,989,595,636
45,151,188,780
45,696,085,137
39,050,779,190
35,430,487,379
Other liabilities
TOTAL LIABILITIES
Paid up capital
Statutory reserve
General reserve
Non-controlling (Minority) interest
Other reserve-assets revaluation reserve
Foreign currency translation gain/(loss)
Surplus in profit and loss account
TOTAL SHAREHOLDERS' EQUITY
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
14(a)
13,875,091,028 11,256,482,519 10,645,994,290

131,927,181,189 121,740,214,631 111,396,475,520
15.2
16
17
15.8
18
19.3
19(a)
8,832,180,030
8,029,254,580
7,646,909,130
5,224,066,591
4,783,513,367
4,283,417,675
10,162,348
10,162,348
10,162,348
205
215
215
414,653,607
384,317,349
398,621,790
7,639,571
2,395,709
910,171
1,194,919,713
1,046,694,283
889,752,897
15,683,622,065 14,256,337,851 13,229,774,226
147,610,803,254 135,996,552,482 124,626,249,746
Page
86
CONTRA ENTRIES
Off balance sheet items:
Contingent liabilities
Acceptances and endorsements
Letters of guarantee
Letters of credit issued
Bills for collection
Other contingent liabilities
Claims against the bank not acknowledged as debt
Capital commitments
Export development fund (EDF)
TOTAL OFF BALANCE SHEETS ITEMS
20.1
20.2
20.3
20.4
31.12.2015
Taka
31.12.2014
Taka
01.01.2014
Taka
11,492,348,389
13,769,401,350
8,988,152,644
183,043
11,771,729,896
11,395,123,103
10,890,049,609
295,242,380
12,350,769,134
6,671,917,435
8,429,713,928
3,894,651
2,852,700
34,252,938,126
169,424,989
34,521,569,977
7,028,000
27,463,323,148
These financial statements should be read in conjunction with the annexed notes from 1 to 43
Chairman
Director
Director
See annexed auditor's report to the Shareholders of the date.
Dated, Dhaka
30 March 2016
ACNABIN
Page
87
Interest income
22(a)
Less: Interest paid on deposits and borrowings
23(a)
Net interest income
24(a)
Commission, exchange and brokerage
25(a)
Other operating income
26(a)
Total operating income
Salary and allowances
27(a)
Rent, taxes, insurance, electricity etc.
28(a)
Legal expenses
29(a)
Postage, stamp, telecommunication etc.
30(a)
Stationery, printing, advertisement etc.
31(a)
Managing Director's salary and allowances
32
Director's fees
33(a)
Audit fees
34(a)
Repairs, maintenance, amortization & depreciation of Banks assets 35(a)
Other expenses
36(a)
Total operating expense
Profit before provisions
Provision for loans and advances
Specific provision
14.5.1(a)
General provision
14.5.1(b)
Provision for off-balance sheet exposures
14.6
Provision for off-shore banking unit
14.7
Provision for investment fluctuation in shares
8.3 (a)
Provision for other assets
14.2
Total provisions
Profit after provision for loans & advances and others
Contribution to NCC Bank Foundation
14.9
Profit before tax
Provision for tax
Current tax
14.4
Deferred tax
14.4.1
Profit after tax for the year
Attributable to:
Shareholders' of the bank
Balance of profit brought forward from last year
19.2
Total profit available for distribution
Appropriations:
Statutory reserve
General reserve
Retained earnings
19(a)
42(a)
11,115,978,216
8,056,172,569
3,059,805,647
2,702,145,147
891,019,632
389,527,812
7,042,498,238
1,888,093,481
323,320,453
21,429,011
28,232,188
89,762,429
8,400,000
2,301,250
276,000
493,247,477
280,742,656
3,135,804,944
3,906,693,294
1,570,771,018
1,440,332,399
130,438,619
7,481,573
74,644,446
3,426,147
1,656,323,184
2,250,370,110
25,000,000
2,225,370,110
839,985,228
894,356,170
(54,370,942)
1,385,384,882
12,002,336,832
9,339,227,961
2,663,108,871
2,673,127,057
1,032,555,568
347,721,249
6,716,512,745
1,769,143,439
298,941,220
19,889,646
28,791,504
71,317,985
9,204,354
1,960,500
207,500
388,255,538
370,766,566
2,958,478,252
3,758,034,493
1,102,979,734
1,049,908,407
53,071,327
70,600,398
3,500,493
54,242,778
1,231,323,403
2,526,711,090
25,000,000
2,501,711,090
1,007,028,892
877,235,304
129,793,588
1,494,682,198
1,385,384,882
246,649,345
1,632,034,227
1,494,682,198
48,592,899
1,543,275,097
440,541,521
440,541,521
1,191,492,706
1.57
500,095,692
500,095,692
1,043,179,405
1.69
These financial statements should be read in conjunction with the annexed notes from 1 to 43.
Chairman
Dated, Dhaka
30 March 2016
Page
88
Director
Director

ACNABIN
A) Cash flows from operating activities

Interest received in cash
Interest paid by cash
Dividend received
Fees & commission received in cash
Recoveries of loans previously written off
Cash paid to employees
Cash paid to suppliers
Income taxes paid
Received from other operating activities
37(a)
Paid for other operating activities
38(a)
Operating cash flow before changes in operating assets and liabilities
Increase/(Decrease) in operating assets & liabilities
Purchase & sale of trading securities
Loans and advances to other banks
Loans and advances to customers (other than banks)
Other assets
39(a)
Deposits from other banks/borrowings
Deposits from customers (other than banks)
Other liabilities account of customers
Other liabilities
40(a)
Net Cash received from operating activities
B) Cash flows from investing activities
Proceeds from sale of securities
Payment for purchase of securities
Purchase of property, plant and equipment
Sales proceeds of fixed assets
Net cash used in investing activities
C) Cash flows from financing activities
Borrowings from other bank's , financial institutions and agents
Interim dividend paid to minority shareholders
Dividend paid in cash
Net cash received from financing activities
D) Net (decrease)/ increase in cash (A+B+C)
E) Effects of exchange rate changes on cash and cash-equivalents
F) Opening cash and cash-equivalents
G) Closing cash and cash-equivalents (D+E+F)
41(a)
13,557,609,731
(6,798,120,272)
45,312,943
683,096,569
14,573,045
(1,646,401,353)
(156,953,347)
(626,515,636)
892,949,753
(818,878,709)
5,146,672,725
13,838,674,210
(8,247,206,366)
56,999,846
743,148,103
11,873,927
(1,668,077,244)
(251,426,355)
(1,278,664,489)
1,092,114,460
(663,334,301)
3,634,101,791
5,084,806,469
(14,204,988,013)
(96,253,747)
(78,221,992)
7,340,076,576
(1,031,349,109)
346,021,639
2,506,764,548
(6,730,570,525)
(2,976,075,626)
639,275,079
280,010,212
7,359,258,763
(1,188,600,453)
721,332,298
1,738,731,539
269,139,214
(284,580,505)
(300,444,092)
12,704,892
(303,180,491)
262,380,301
(173,299,658)
(989,898,832)
5,893,287
(894,924,902)
306,503,465
306,503,465
2,510,087,522
7,913,698
11,031,141,597
13,549,142,817
2,093,981,907
(458,814,548)
1,635,167,359
2,478,973,996
1,485,538
8,550,682,063
11,031,141,597
Chairman
Director
Director
Page
89
Page
90
Chairman
440,541,521
5,224,066,591
4,783,513,367
802,925,450
8,832,180,030
8,029,254,580
Taka
4,783,513,367
4,783,513,367
11,703
Taka
8,029,254,580
8,029,254,580
-
Director
Balance at 1st January 2015

Adjustment for deferred tax on revaluation reserve
Restated
Adjustment for OBU, currency translation & NCCB Capital
Transferred from revaluation reserve against
depreciation on revaluation of fixed assets
Revaluation of Govt. securities (treasury bills/bonds)
HFT made during the year
Surplus/(deficit) on account of revaluation of Govt.
securities (treasury bills/bonds) HTM & HFT
transferred to income A/C
Currency translation gain/(loss) not recognized in the income statement
Bonus share for the year 2014
Net profit for the year
Transfer to statutory reserve
Cash dividend for the year 2014
Balance at 31 December 2015
Particulars
Statutory
reserve
Paid up
capital
414,653,607
484,862,319
33,763,265
(3,427,007)
7,913,698
7,639,571
2,395,709
3,427,007
7,913,698
1,385,384,882
15,683,622,065
14,356,882,821
33,763,265
14,356,882,821
(100,544,970)
14,256,337,851
222,370
Taka
Total
(802,925,450)
1,385,384,882
(440,541,521)
205 1,194,919,713
215 1,046,694,283
NonOther reserveF.C.
Retained
asset
controlling
revaluation Translation (Minority)
earnings
gain/(loss)
reserve
interest
Taka
Taka
Taka
Taka
484,862,319
2,395,709
215 1,046,694,283
(100,544,970)
384,317,349
2,395,709
215 1,046,694,283
(2,669,836)
(10)
2,880,512
Director
10,162,348
10,162,348
10,162,348
10,162,348
-
Taka
General
reserve
31.12.2015
Taka
31.12.2014
Taka
01.01.2014
Taka
PROPERTY AND ASSETS

Cash
5
9,276,607,311
1,191,609,017
8,084,998,294
8,612,160,908
1,173,484,082
7,438,676,826
7,875,262,621
1,256,477,852
6,618,784,769
Balance with other banks and financial institutions 6

In Bangladesh
Outside Bangladesh
4,229,382,617
3,959,117,468
270,265,149
2,407,581,410
468,186,926
1,939,394,484
656,757,606
328,019,533
328,738,073
Investments
Government
Others
21,457,592,088
20,035,094,753
1,422,497,335
26,568,661,762
25,241,572,158
1,327,089,604
19,908,322,002
18,352,194,148
1,556,127,854
Loans and advances

104,854,725,530
101,775,003,921
3,079,721,609
90,920,772,028
88,739,476,147
2,181,295,881
88,167,205,831
86,363,661,614
1,803,544,217
10
11
2,628,177,518
3,923,467,287
146,369,952,351
12
5,565,807,122
Fixed assets including premises,

furnitures and fixtures
Other assets
Non-banking assets
TOTAL ASSETS
2,573,252,105
1,736,637,982
4,077,095,326
5,698,510,026
135,159,523,539 124,042,696,069

Liabilities
Borrowings from other banks, financial
institutions and agents
4,975,525,649
2,763,533,530
98,229,442,528
8,086,739,211
1,319,767,208
11,167,226,439
47,844,992,750
29,810,716,920

Bills payable
Fixed deposits
Term deposits
13
112,722,210,375 105,703,614,110
11,118,728,784
9,548,821,441
1,882,364,468
2,038,624,517
15,519,149,153
12,989,595,636
45,151,188,780
45,696,085,137
39,050,779,190
35,430,487,379
Other liabilities
TOTAL LIABILITIES
Paid up capital
Statutory reserve
General reserve
14
12,427,296,595
130,715,314,092
15.2
16
17
18
18.1
19
10,231,239,218
9,832,023,919
120,910,378,977 110,824,999,977
8,832,180,030
8,029,254,580
7,646,909,130
5,224,066,591
4,783,513,367
4,283,417,675
10,162,348
10,162,348
10,162,348
414,653,607
384,317,349
398,621,790
7,639,571
(276,637)
2,518
1,165,936,113
1,042,173,555
878,582,631
15,654,638,259
14,249,144,562 13,217,696,092
146,369,952,351 135,159,523,539 124,042,696,069
Page
91
CONTRA ENTRIES
Off balance sheet items
20.1
20.2
20.3
20.4
Capital commitments
TOTAL OFF BALANCE SHEETS ITEMS
31.12.2015
Taka
31.12.2014
Taka
01.01.2014
Taka
11,492,348,389
13,769,401,350
8,988,152,644
183,043
11,771,729,896
11,395,123,103
10,890,049,609
295,242,380
12,350,769,134
6,671,917,435
8,429,713,928
3,894,651
2,852,700
34,252,938,126
169,424,989
34,521,569,977
7,028,000
27,463,323,148
Chairman
Director
Director

Dated, Dhaka
30 March 2016
Page
92
ACNABIN
Interest income
22
23
Net interest income
24
25
26
27
28
Legal expenses
29
30
31
Managing Director's salary and allowances
32
Director's fees
33
Audit fee
34
Repairs, maintenance, amortization & depreciation of bank's assets 35
Other expenses
36
Specific provision
14.5(a)
General provision
14.5(b)
14.6
Provision for off-shore banking unit
14.7
8.3
14.2
Total provisions
Profit after provision for loans & advances and others
Contribution to NCC Bank Foundation
14.9
Profit before tax
Provision for tax
Current tax
14.3
Deferred tax
14.4.1
Profit after tax for the year
Balance of profit brought forward from last year
19.1
Total profit available for distribution
Appropriations:
Statutory reserve
General reserve
Retained earnings
19
42
11,146,340,460
8,056,172,569
3,090,167,891
2,701,523,938
796,968,834
385,063,468
6,973,724,131
1,859,154,514
310,958,861
21,429,011
27,954,067
89,123,218
8,400,000
2,070,000
230,000
487,289,951
300,854,369
3,107,463,991
3,866,260,140
1,560,771,018
1,430,332,399
130,438,619
7,481,573
66,873,799
3,426,147
1,638,552,537
2,227,707,603
25,000,000
2,202,707,603
838,890,869
893,261,811
(54,370,942)
1,363,816,734
239,233,892
1,603,050,626
12,019,784,168
9,339,227,961
2,680,556,207
2,672,992,807
924,708,445
344,308,980
6,622,566,439
1,738,691,455
282,504,145
19,889,646
28,109,335
70,819,994
9,204,354
1,770,000
172,500
379,621,342
344,981,805
2,875,764,576
3,746,801,863
1,092,979,734
1,039,908,407
53,071,327
70,600,398
3,500,493
54,242,778
1,221,323,403
2,525,478,460
25,000,000
2,500,478,460
999,149,242
869,355,654
129,793,588
1,501,329,218
37,425,151
1,538,754,369
440,541,521
440,541,521
1,162,509,106
1.54
500,095,692
500,095,692
1,038,658,677
1.70
Chairman
Director
Director

Dated, Dhaka
30 March 2016

ACNABIN
Page
93

Dividend received
Income taxes paid
Operating cash flow before changes in operating assets and liabilities
Increase/(decrease) in operating assets & liabilities
Purchase & sale of trading securities
Loans and advances to customers (other than banks)
Other assets
Deposits/ borrowings from other banks
Deposits from customers (other than banks)
Other liabilities
Net cash received from operating activities
Payment for purchase of securities
37
38
39
40
13,554,471,975
(6,798,213,549)
44,691,735
589,045,771
14,573,045
(1,617,462,385)
(147,881,998)
(604,725,715)
890,965,953
(788,035,498
5,137,429,335
13,856,121,546
(8,247,206,366)
56,865,596
635,300,980
11,873,927
(1,637,625,260)
(240,668,501)
(1,238,171,705)
1,088,702,191
(628,745,440)
3,656,446,968
5,084,806,469
(13,933,953,502)
(94,485,967)
(28,221,992)
7,330,596,265
(1,163,926,593)
100,126,121
2,432,370,136
(6,730,570,525)
(2,753,566,197)
638,480,948
230,010,212
7,362,171,582
(1,170,440,105)
510,172,099
1,742,704,982
115,408,617
(85,954,489)
(299,806,514)
10,838,497
(259,513,889)
262,380,301
(169,933,755)
(988,389,851)
5,841,490
(890,101,815)
306,503,465
306,503,465
2,479,359,712
7,913,698
11,024,328,718
13,511,602,128
2,093,981,907
(458,814,548)
1,635,167,359
2,487,770,526
(276,637)
8,536,834,828
11,024,328,718

Borrowings from other bank's , financial institutions and agents
D) Net increase/(decrease) in cash (A+B+C)
E) Effects of exchange rate changes on cash and cash-equivalents
F) Opening cash and cash-equivalents
G) Closing cash and cash-equivalents (D+E+F)
41
Chairman
Page
94
Director
Director
Page
95
Chairman
Balance at 1st January 2015

Adjustment for deferred tax on revaluation reserve
Restated
Adjustment for OBU
Transferred from revaluation reserve against
depreciation on revaluation of fixed assets
Revaluation of Govt. securities (treasury
bills/bonds) HFT made during the year
Surplus/(deficit) on account of revaluation of Govt.
securities (treasury bills/bonds) HTM & HFT
transferred to income A/C
Currency translation gain/(loss) not recognized in
the income statement
Bonus share for the year 2014
Net profit for the year
Appropriations during the year
Cash dividend for the year 2014
Particulars
440,541,521
5,224,066,591
4,783,513,367
802,925,450
8,832,180,030
8,029,254,580
Director
Taka
4,783,513,367
4,783,513,367
11,703
Taka
8,029,254,580
8,029,254,580
-
Statutory
reserve
Paid up
capital
Director
10,162,348
10,162,348
Taka
10,162,348
10,162,348
-
General
reserve
F.C.
414,653,607
484,862,319
33,763,265
(3,427,007)
Taka
484,862,319
(100,544,970)
384,317,349
-
7,639,571
(276,637)
7,913,698
(276,637)
(276,637)
2,510
gain/(loss)
Taka
Other reserve-assets
revaluation reserve Translation
Taka
7,913,698
1,363,816,734
15,654,638,259
14,349,689,532
33,763,265
(802,925,450)
1,363,816,734
(440,541,521)
1,165,936,113
1,042,173,555
3,427,007
14,349,689,532
(100,544,970)
14,249,144,562
-
Taka
1,042,173,555
1,042,173,555
(14,213)
Total
Retained
earnings
Page
96
1,058,569,286
1,117,595,862
19,901,578,892
65,645,905
124,129,841
22,267,519,786
356,209,991
24,312,760,163
1,334,949,797
26,003,919,951
(3,736,400,165)
24,122,401
82,162,420
25,943,140,037
1,825,238,289
17,479,532,143
1,882,364,468
296,542,442
21,483,677,342
4,459,462,694
1-3 months term
3,872,049,577
1,502,301,101
19,270,895,521
1,191,609,017
Not more than

1 month term
Chairman
Director
Net result of the liquidity statement represents the 'shareholders' equity' of the bank.
Balances with other banks

and financial institutions
Money at call & short notice
Investments
Loans & advances
Fixed assets including land, building,
furniture & fixtures
Other assets
Non-banking assets
Total assets
Liabilities:
Borrowing from other banks, financial
institutions & agents
Deposits
Bills payable
Provision & other liabilities
Total liabilities
Net liquidity gap
Cash in hand
Assets:
Particulars
Director
1,062,321,760
28,548,852,090
3,160,042,270
32,771,216,120
2,647,292,579
295,406,573
1,219,956,339
35,418,508,700
3,049,685,651
30,853,460,137
3-12 months
term
1,499,495,372
32,783,066,757
2,413,167,718
36,695,729,847
573,432,538
825,962,559
243,353,684
37,269,162,385
6,627,727,580
29,572,118,562
1-5 years term
5,565,807,122
110,839,845,907
1,882,364,468
12,427,296,595
130,715,314,092
15,654,638,259
2,628,177,518
3,923,467,287
146,369,952,351
12,314,380,911
21,457,592,088
104,854,725,530
1,191,609,017
Total
822,541,710
7,715,634,754
5,222,594,367
13,760,770,831
11,710,850,613
1,417,040,080
2,253,865,004
25,471,621,444
7,383,762,048
9,160,281,894
5,256,672,418
Above 5-years
term
Amount in Taka
1.1
Status of the Bank

The National Credit and Commerce Bank Limited (NCCBL) was formed as a public limited banking company
incorporated in Bangladesh with primary objective to carry on all kinds of banking business in and outside Bangladesh.
The registered office of the Bank is located at NCC Bank Bhaban, 13/1-2 Toyenbee Circular Road, Motijheel
Commercial Area, Dhaka-1000 (Previously the registered office situated at 7-8 Motijheel C/A, Dhaka-1000). It
commenced its banking business with 16 branches from May 17, 1993 under the license issued by Bangladesh Bank.
Presently the Bank has 104 branches all over Bangladesh and 02 (Two) booths at Uttara Model Town, Uttara, Dhaka
and Maniknagar, North Golapbagh, Dhaka. The Bank has no overseas branch as at 31 December 2015. It carries out
all banking activities through it branches in Bangladesh. The Bank went for initial public offering in 1999 and its
share is listed with Dhaka and Chittagong Stock Exchange Limited as a publicly traded company.
1.1.1
Principal activities
The principal activities of the Bank are to provide all kinds of commercial banking services to its customers through
its branches.
1.1.2
Offshore banking units

Offshore banking unit (OBU) is a separate business unit of NCC Bank Limited governed under the rules and
guidelines of Bangladesh Bank. The Bank obtained permission for operation of offshore banking units located at
Foreign Exchange Branch & Agrabad Branch vide Bangladesh Bank letter no. BRPD (P-3)744(113)/2010-1648 dated
02 May 2010. The Bank commenced the operation of its offshore banking units from 26 August 2013 at Foreign
Exchange branch, Dhaka and During the year, operation of offshore banking units which was operating in Foreign
Exchange Branch has been transferred to NCC Bank bhaban branch. Separate financial statements of offshore
banking units are shown in Annexure-N.
1.1.3
Information regarding subsidiary:

The Bank has 02 (Two) subsidiary companies as on December 31, 2015. Previously the Bank had 03 (Three)
subsidiary companies. During the year operation of a subsidiary NCCB Exchange (UK) Limited has been
discontinued and approval from UK Companies House has been obtained on 04-08-2015.
1.1.3.1 NCCB Securities and Financial Services Limited

NCCB Securities and Financial Services Limited is a subsidiary company of NCC Bank Limited incorporated as a
private limited company on April 04, 2010 with the Registrar of Joint Stock Companies and Firms vide certificate of
incorporation no.C-83683/10 dated April 04, 2010 under the Companies Act-1994. NCCBSFSL commenced its
operation from March 07, 2011. The main objective of the company is to act as a full fledged stock broker & stock
dealer to execute buy and sell order and to maintain own portfolio as well as customers portfolio under the
discretion of customers. The company also performs the other activities relates to capital market as and when
regulators permit the company to carry out activities as per their guidelines. Financial statements of 2015 of the
company are shown in Annexure-O
1.1.3.2 NCCB Capital Limited (NCCBCL)
NCCB Capital Limited (NCCBCL) is a subsidiary company of NCC Bank Limited incorporated as a private limited
company on April 01, 2010 with the Registrar of Joint Stock Companies and Firms vide certificate of incorporation
no.C-83649/10 dated April 01, 2010 under the Companies, Act-1994. The main objective of the company is to
provide full fledged merchant banking services like issue management, underwriting, advisory services & as and
when regulators permits the company to carry out activities as per their guidelines. NCCBCL was not in operation till
December 31, 2015. Financial statements of the company are shown in Annexure-P
1.1.3.3 NCCB Exchange (UK) Limited
NCCB Exchange (UK) Limited was a fully owned subsidiary company, incorporated as a private limited company with
the Registrar of Companies for England and Wales under registration no. 7669773 dated June 14, 2011.
Page
97
NCC Bank Limited got permission from Bangladesh Bank vide letter no. BRPD/(M)204/28/2011-123 dated June 13,
2011 for opening a fully owned subsidiary company with two branches at London and Birmingham in UK. NCCB
Exchange (UK) Limited obtained money laundering registration on July 28, 2011 issued by HM Revenue & Customs.
The company got registration from Financial Services Authority (FSA) vide reference no PSD/557817 dated October
26, 2011 to carry on payment services activities under the Payment Services Regulations 2009 (PRSs). The company
continued up to September 2015 which financial performance recognized in consolidated financial statements and
separate financial statements annexed in accordance with BFRS/BAS. The Board of Directors of the Bank in its 325th
meeting held on 28.11.2015 approved the proposal on winding up of NCCB Exchange (UK) Limited. We also
obtained closer certificate from UK Companies House dated 04-08-2015. The Bank has applied to Bangladesh Bank
for approval on winding up of the said subsidiary company which is yet to receive.
2
Significant accounting policies and basis of preparation of financial statements
2.1
Basis of accounting
The financial statements namely, Balance Sheet, Profit and Loss Account, Cash Flow Statement, Statement of
Changes in Equity, Liquidity Statement and relevant notes and disclosures thereto, of the Bank are prepared on a
going concern basis under the historical cost convention, and in accordance with First Schedule of the Banking
Companies Act 1991, as amended 2013 other Bangladesh Bank circulars, International Accounting Standards, and
International Financial Reporting Standards adopted in Bangladesh as Bangladesh Accounting Standards (BASs)
and Bangladesh Financial Reporting Standards (BFRSs) as adopted by the Institute of Chartered Accountants of
Bangladesh, the Companies Act 1994, the Bangladesh Securities and Exchange Rules 1987. Wherever appropriate,
such principles are explained in succeeding notes.
Statement of compliance
The financial statements of the Bank are prepared in accordance with Bangladesh Financial Reporting Standards
(BFRSs) and the requirements of the Bank Companies Act, 1991, as amended 2013 the rules and regulations issued
by Bangladesh Bank, the Companies Act, 1994, Securities and Exchange Rules 1987. In case any requirement of the
Bank Companies Act, 1991, and provisions and circulars issued by Bangladesh Bank differ with those of BFRS, the
requirements of the Bank Companies Act, 1991, and provisions and circulars issued by Bangladesh Bank shall
prevail. Material departures from the requirements of BFRS are as follows:
i) Investment in shares and securities
BFRS: As per requirements of BAS 39 investment in shares and securities generally falls either under at fair value
through profit and loss account or under available for sale where any change in the fair value (as measured in
accordance with BFRS 13) at the year-end is taken to profit and loss account or revaluation reserve respectively.
Bangladesh Bank: As per BRPD circular no. 14 dated 25 June 2003 investments in quoted shares and unquoted
shares are revalued at the year end at market price and as per book value of last audited balance sheet respectively.
Provision should be made for any loss arising from diminution in value of investment; otherwise investments are
recognized at cost.
ii) Revaluation gains/losses on Government securities
BFRS: As per requirement of BAS 39 where securities will fall under the category of Held for Trading (HFT), any
change in the fair value of held for trading assets is recognized through profit and loss account. Securities
designated as Held to Maturity (HTM) are measured at amortized cost method and interest income is recognized
through the profit and loss account.
Bangladesh Bank: HFT securities are revalued on the basis of mark to market and at year end any gains on
revaluation of securities which have not matured as at the balance sheet date are recognized in other reserves as a
part of equity and any losses on revaluation of securities which have not matured as at the balance sheet date are
charged in the profit and loss account. Interest on HFT securities including amortization of discount are recognized
in the profit and loss account. HTM securities which have not matured as at the balance sheet date are amortized at
the year end and gains or losses on amortization are recognized in other reserve as a part of equity.
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iii) Provision on loans and advances/investments

BFRS: As per BAS 39 an entity should start the impairment assessment by considering whether objective evidence
of impairment exists for financial assets that are individually significant. For financial assets that are not individually
significant, the assessment can be performed on an individual or collective (portfolio) basis.
Bangladesh Bank: As per BRPD circular No.14 (23 September 2012), BRPD circular No. 19 (27 December 2012), BRPD
circular No. 05 (29 May 2013) and BRPD circular No.16 (18 November 2014) a general provision at 0.25% to 5% under
different categories of unclassified loans (good/standard loans) has to be maintained regardless of objective
evidence of impairment. Also provision for sub-standard loans, doubtful loans and bad losses has to be provided at
5% to 20%, 5% to 50% and 100% respectively for loans and advances depending on the duration of overdue. Again
as per BRPD circular no. 10 dated 18 September 2007 and BRPD circular no. 14 dated 23 September 2012, a general
provision at 1% is required to be provided for all off-balance sheet exposures. Such provision policies are not
specifically in line with those prescribed by BAS 39.
iv) Recognition of interest in suspense
BFRS: Loans and advances to customers are generally classified as 'loans and receivables' as per BAS 39 and interest
income is recognized through effective interest rate method over the term of the loan. Once a loan is impaired,
interest income is recognized in profit and loss account on the same basis based on revised carrying amount.
Bangladesh Bank: As per BRPD circular no. 14 dated 23 September 2012, once a loan is classified, interest on such
loans are not allowed to be recognized as income, rather the corresponding amount needs to be credited to an
interest in suspense account, which is presented as liability in the balance sheet.
v) Other comprehensive income
BFRS: As per BAS 1 other comprehensive income (OCI) is a component of financial statements or the elements of OCI
are to be included in a single other comprehensive income statement.
Bangladesh Bank: Bangladesh Bank has issued templates for financial statements which will strictly be followed by
all banks. The templates of financial statements issued by Bangladesh Bank neither include other comprehensive
income nor are the elements of other comprehensive income allowed to be included in a single other
comprehensive income (OCI) statement. As such the Bank does not prepare the other comprehensive income
statement. However, elements of OCI, if any, are shown in the statements of changes in equity.
vi) Financial instruments presentation and disclosure
In several cases Bangladesh Bank guidelines categorize, recognize, measure and present financial instruments
differently from those prescribed in BAS 39. As such full disclosure and presentation requirements of BFRS 7 and BAS
32 cannot be made in the financial statements.
vii) Financial guarantees
BFRS: As per BAS 39, financial guarantees are contracts that require an entity to make specified payments to
reimburse the holder for a loss it incurs because a specified debtor fails to make payment when due in accordance
with the terms of a debt instrument. Financial guarantee as liability are recognized initially at their fair value, and the
initial fair value is amortized over the life of the financial guarantee. The financial guarantee as liability is
subsequently carried at the higher of this amortized amount and the present value of any expected payment when
a payment under the guarantee has become probable. Financial guarantees are included within other liabilities.
Bangladesh Bank: As per BRPD 14, financial guarantees such as letter of credit, letter of guarantee will be treated as
off-balance sheet items. No liability is recognized for the guarantee except the cash margin.
viii) Cash and cash equivalent
BFRS: Cash and cash equivalent items should be reported as cash item as per BAS 7.
Bangladesh Bank: Some cash and cash equivalent items such as money at call on short notice, treasury bills,
Bangladesh Bank bills and prize bond are shown as cash and cash equivalents. Money at call on short notice
presented on the face of the balance sheet, and treasury bills, prize bonds are shown in investments.
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ix) Non-banking asset

BFRS: No indication of non-banking asset is found in any BFRS.
Bangladesh Bank: As per BRPD 14, there must exist a face item named non-banking asset
x) Cash flow statement
BFRS: The Cash flow statement can be prepared using either the direct method or the indirect method. The
presentation is selected to present these cash flows in a manner that is most appropriate for the business or
industry. The method selected is applied consistently.
Bangladesh Bank: As per BRPD 14, cash flow is the mixture of direct and indirect methods.
xi) Balance with Bangladesh Bank: (Cash Reserve Requirement)
BFRS: Balance with Bangladesh Bank should be treated as other asset as it is not available for use in day to day
operations as per BAS 7.
Bangladesh Bank: Balance with Bangladesh Bank is treated as cash and cash equivalents.
xii) Presentation of intangible asset
BFRS: An intangible asset must be identified and recognized, and the disclosure must be given as per BAS 38.
Bangladesh Bank: There is no regulation for intangible assets in BRPD 14.
xiii) Off-balance sheet items
BFRS: There is no concept of off-balance sheet items in any BFRS; hence there is no requirement for disclosure of
off-balance sheet items on the face of the balance sheet.
Bangladesh Bank: As per BRPD 14, off balance sheet items (e.g. Letter of credit, Letter of guarantee etc.) must be
disclosed separately on the face of the balance sheet
xiv) Loans and advances/Investments net of provision
BFRS: Loans and advances/Investments should be presented net of provision.
Bangladesh Bank: As per BRPD 14, provision on loans and advances/investments are presented separately as liability
and cannot be netted off against loans and advances.
2.2
Basis of consolidation
The consolidated financial statements include the financial statements of NCC Bank Limited and its subsidiary
companies-NCCB Securities and Financial Services Limited, NCCB Capital Limited & NCCB Exchange (UK) Limited
made up to the end of the 31 December 2015. The consolidated financial statements have been prepared in
accordance with Bangladesh Financial Reporting Standards 10-Consolidated Financial Statements. The
Consolidated Financial Statements are prepared to common financial year ending 31 December 2015.
Subsidiary
Subsidiary is the enterprise which is controlled by the bank. Control exists when the Bank has the power, directly and
indirectly, to govern the financial and operating policies of an enterprise from the date that control commences until
the date that control ceases. The financial statements of subsidiary are included in the consolidated financial
statements from the date that the control effectively commences until the date that it control effectively ceases.
Subsidiary company is consolidated using the purchase method of accounting. The conversion policy for assets and
liabilities & income and expense items of NCCB Exchange (UK) Limited using closing exchange rate and average
exchange rate respectively.
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Loss on striking off NCCB Exchange (UK) Limited

The Board of Directors of NCC Bank Limited, the parent company of the wholly owned subsidiary NCCB Exchange
(UK) Limited decided to close down the company by getting it struck off the companies Register instead of
Voluntary liquidation. For getting it struck off, it fulfills all the conditions required as under:
i.
ii.
iii.
Hasnt traded or sold of any stock in the last 9 Months;

Isnt threatened with liquidation;
Has no agreements with creditors, e.g. Company Voluntary Agreement (CVA)
The Fully owned subsidiary NCCB Exchange (UK) Limited discontinued its operation from 31 March 2015 for striking
off the company from Companies Register, UK. As per Board decision of parent company all payables to third parties
already been settled. At the close of the operation, total investment of parent company to this subsidiary was Tk.
3,37,09,200 and accumulated loss reached to Tk. 44,963,763. The investment in subsidiary was struck off from parent
company records and all losses charged to the Profit & Loss Account of parent company as per Bangladesh Financial
Reporting Standards 10-Consolidated Financial Statements & Bangladesh Accounting Standards 36-Impairment
of Assets.
Transactions eliminated on consolidation
All intra-group transactions, balances, income and expenses are eliminated on consolidation. Profit and loss
resulting from transactions is also eliminated on consolidation.
2.3
Use of estimates and judgments

In the preparation of financial statements, management requires to make judgments, estimates and assumptions
that affect the application of accounting policies and the reported amounts of assets, liabilities, income and
expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognized in the period in which the estimate is revised and in any future periods affected.
2.4
Functional and presentation currency

The financial statements are presented in Bangladeshi Taka which is the bank's functional currency except as
indicated.
2.5
Foreign currency transaction/translation

a) Foreign currencies transaction/translation
Foreign currency transactions are converted into equivalent taka using the ruling exchange rates on the dates of
respective transactions as per BAS-21 The Effects of Changes in Foreign Exchange Rates. Assets and liabilities in
foreign currencies at 31 December 2015 have been converted into Taka currency at the average of the prevailing
buying and selling rates of the relevant foreign currencies at that date except "Balances with other Banks and
Financial Institutions" which have been converted as per directives of Bangladesh Bank vide its circular no. BRPD(R)
717/2004-959 dated 21 November 2004.
b) Commitments
Contingent liabilities / commitments for letters of credit and letters of guarantee denominated in foreign currencies
are expressed in Taka at the rates of exchange prevailing on the balance sheet date.
c) Translation gains and losses
The resulting exchange transaction gains and losses are included in the profit and loss account, except those arising
on the translation of net investment in foreign subsidiary.
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d) Consolidation of financial statements of foreign operations

On consolidation, foreign exchange differences arising from the translation of net investments in foreign entities are
taken into capital reserve. When a foreign operation is disposed of, such currency translation differences are
recognized in the income statement as part of the gain or loss on disposal.
2.6
Cash flow statement

Cash flow statement has been prepared in accordance with the BRPD Circular No. 14, dated June 25, 2003 issued by
the Banking Regulation & Policy Department of Bangladesh Bank. It reported cash flows during the period classified
by operating activities, investing activities and financing activities.
2.7
Liquidity statement
The liquidity statement of assets and liabilities as on the reporting date has been prepared on residual maturity term
as per the following bases.
i)
ii)
iii)
iv)
v)
vi)
vii)
viii)
2.8
Balance with other banks and financial institutions, money at call and short notice, etc. are shown on the
basis of their maturity term;
Investments are on the basis of their respective maturity;
Loans and advances / investments are on the basis of their repayment schedule;
Fixed assets are on the basis of their useful lives;
Other assets are on the basis of their realization / amortization;
Borrowing from other banks, financial institutions and agents, etc. are as per their maturity / repayment terms;
Deposits and other accounts are on the basis of their maturity term and past trend of withdrawal by the depositors;
Provisions and other liabilities are on the basis of their payment / adjustments schedule.
Reporting period
These financial statements cover the period from 01 January to 31 December 2015.
2.9
Offsetting
Financial assets and financial liabilities are offset and the net amount reported in the balance sheet when there is a
legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis, realize
the asset and settle the liability simultaneously.
2.10
Assets and basis of their valuation
2.10.1 Cash and cash equivalents

Cash and cash equivalents include notes and coins on hand, unrestricted balances held with Bangladesh Bank and
highly liquid financial asset which are subject to insignificant risk of changes in their fair value and are used by the
bank management for its short-term commitments.
2.10.2 Loans and advances
a) Loans and advances are stated in the balance sheet on gross basis.
b) Interest is calculated on a daily product basis but charged on quarterly basis and accounted for on accrual basis.
Interest on classified loans and advances are kept in suspense account as per Bangladesh Bank instructions and such
interest is not accounted for as income until realized from borrowers [please refer Note- 9.11 (x)]. Interest is not
charged on bad and loss loans as per guidelines of Bangladesh Bank. Records of such interest amounts are kept in
separate memorandum accounts.
c) The Bank are providing concessional interest rare to its good borrowers
d) Provision for loans and advances is made on the basis of quarter-end review by the management following
instructions contained in Bangladesh Bank BCD Circular no. 34 dated 16 November 1989, BCD Circular no. 20 dated
27 December 1994, BCD Circular no. 12 dated 4 September 1995, BRPD Circular 16 dated 6 December 1998, BRPD
Circular no. 9 dated 14 May 2001, BRPD Circular no. 09 of August 2005 and BRPD Circular no.17 dated 06 December
2005, BRPD Circular no.32 dated 27 October 2010, BRPD Circular no.14 dated 23 September 2012 and BRPD Circular
no.19 dated 27 December 2012, BRPD Circular no.5 dated 29 May 2013 BRPD Circular no.16 dated 18 November
2014. The provision rates are given below:
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Particulars
General provision on unclassified loans and advances
Standard general loans and advances
Standard small & medium enterprisefinancing
Standard loans to merchant banking/BHs/SDs
Std. Housing Fin. and loans for professional to set up a business
Standard consumers loan scheme other than HF and LP
Standard Short term agri and Micro credit
Special mention account general loans and advances
Special mention accountsmall & medium enterprise Financing
Special mention account loans to BHs/MBs/Sds
Special mention account HF and LP
Special mention account consumer's loan scheme other than HF & LP
Specific provision on classified loans and advances
Substandard (Agri & Micro credit)
Doubtful (Agri & Micro credit)
Substandard
Doubtful
Bad or Loss
Rate
1%
0.25%
2%
2%
5%
2.50%
1%
0.25%
2%
2%
5%
5%
5%
20%
50%
100%
e) Loans and advances with no realistic prospect of recovery have been written off against which full provisions are made
and legal cases has been initiated. Detailed memorandum records for all such written off accounts are maintained.
2.10.3 Investments
All investment securities are initially recognized at cost, being fair value of the consideration given, including
acquisition charges associated with the investment. Premiums are amortized and discounts accredited, using the
effective yield method and are taken to discount income. The valuation methods of investments used are:
Held to maturity (HTM)
Investments which have fixed or determinable payments and are intended to be held to maturity other than
those that meet the definition of held at amortized cost-others are classified as held to maturity. These investments
are subsequently measured at present value as per Bangladesh Bank guideline. Investments in securities have been
revalued as mark to market as at December 31, 2015. The gain of revaluation from the held to maturity securities has
been shown in the statement of changes in equity of December 31, 2015.
Held for trading (HFT)
Investments classified in this category are acquired principally for the purpose of selling or repurchasing in
short-trading or if designated as such by the management after initial recognition, investments are measured at fair
value and any change in the fair value is recognized in the statement of income for the period in which it arises.
These investments are subsequently revalued at current market value on weekly basis as per Bangladesh Bank
guidelines. Revaluation gain has been shown in revaluation reserve account & revaluation loss has been shown in
profit & loss account.
Value of investments has been enumerated as follow:
Item
Government
Government
Government
Government
Prize bonds
treasury
treasury
treasury
treasury
bills-HTM
bills-HFT
bonds-HTM
bonds-HFT
Applicable accounting value

Amortized value
Market value
Amortized value
Market value
At cost
Investment in listed securities:

These securities are bought and held primarily for the purpose of selling them in future or held for dividend income.
Unrealized gains are not recognized in the profit and loss account. But provision for diminution in value of
investment is provided in the financial statements which market price is below the cost price of investment.
Provision against mutual fund calculated as per B.B DOS Circular No-10 dated 28 June 2015 and during the year
Un-quoted value amount of Taka 74,48,523 of Dhaka Vegetable Oil Industries Limited has been write-off. (Note-8.3).
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Investment in unquoted securities

Investment in unquoted securities is reported at cost under cost method. Adjustment is given for any shortage of
book value over cost for determining the carrying amount of investment in unquoted securities.
Investment in subsidiary
Investment in subsidiary is accounted for under the cost method of accounting in the Banks financial statements in
accordance with the BFRS-10. Accordingly Investment in subsidiary is stated in the Banks balance sheet at cost, less
impairment losses if any.
2.10.4 Property, plant and equipment
Recognition and measurement
All fixed assets except land and buildings/apartments are stated at historical cost and land and Building/Apartments
at revalued amount (whenever applicable) less accumulated depreciation as per BAS -16Property, Plant and
Equipment. The cost of acquisition of an asset comprises its purchase price and any directly attributable cost of
bringing the assets to its working condition for its intended use inclusive of inward freight, duties and non
refundable taxes.
Subsequent cost:
The cost of replacing part of such an item of fixed assets is recognized in the carrying amount of an item of property,
plant and equipment if it is probable that the future economic benefits embodied with the part will flow to the
company and the cost of the item can be measured reliably. The cost of day to day servicing of fixed asset is
recognized in profit and loss as incurred.
Depreciation:
Depreciation is charged for the year at the following rates on reducing balance method on all fixed assets other than
vehicles, Computer Equipment and software on which straight line depreciation method is followed and no
depreciation is charged on land:
Category of fixed assets

Land
Building/apartment & structure
Furniture & fixture
Machineries & equipment
Computer equipment
Vehicles
Rate of depreciation
Nil
2.50%
10.00% to 20.00%
20.00%
20.00%
20.00%
a)
For additions during the year, depreciation is charged for the remaining days of the period and for disposal,
depreciation is charged up to the date of disposal.
b)
On disposal of fixed assets the cost and accumulated depreciation are eliminated from the fixed assets schedule
and gain or loss on such disposal is reflected in the profit and loss account which is determined with reference to
the net book value of the assets and net sale proceeds.
2.10.5 Intangible assets:

a)
An intangible asset is recognized if it is probable that the future economic benefits that are attributable to the
asset will flow to the entity and the cost of assets can be measured reliably.
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b)
Software represents the value of computer application software licensed for use of the Bank, other than
software applied to the operation software system of computers. Intangible assets are carried at its cost,
less accumulated amortization and any impairment losses. Initial cost comprises license fees paid at the
time of purchase and other directly attributable expenditures that are incurred in customizing the software
for its intended use.
c)
Software is being amortized using the following method and rates:

Category of intangible assets
Software (straight line)

2.10.6
Rate of amortization
20%
Other assets
Other assets have been classified as per BRPD circular no. 14 dated 25.06.2001 of Bangladesh Bank and necessary
provisions have been made thereon accordingly and for item not covered under the circular, adequate provision
have been made considering their recoverability.
2.10.7
Securities purchased under re-sale agreement

Securities purchased under re-sale agreements are treated as collateralized lending and recorded at the
consideration paid and interest accrued thereon. The amount lent is shown as an asset either as loans and
advances to customers or loans to other banks.
The difference between purchase price and resale price is treated as interest received and accrued evenly over the
life of REPO agreement.
2.10.8
Receivables
Receivables are recognized when there is a contractual right to receive cash or another financial asset from
another entity.
2.10.9
Inventories
Inventories are measured at cost.
2.10.10 Leasing
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risk and
rewards of ownership to the lessee as per BAS-17 Lease.
The bank as lessor
Amount due from lessees under finance leases are recorded as receivables at the amount of the Banks loans and
advances in the leases.
The bank as lessee
The Bank has no assets under finance or operating Leases.
2.10.11 Non-banking assets
There are no assets acquired in exchange for loan during the year of financial statements.
2.11
Reconciliation of inter-bank and inter-branch account

Accounts with regard to inter-bank (in Bangladesh and outside Bangladesh) are reconciled regularly and there are
no material differences which may affect the financial statements significantly. Un-reconciled entries / balances in
case of inter-branch transaction as on the reporting date are not material.
2.12
Share capital
Ordinary shares are classified as equity when there is no contractual obligation to transfer cash or other financial
assets.
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2.13
Statutory reserve
Bank Companies Act, 1991 (Amended up to 2013) requires the bank to transfer not less than 20% of its current
period profit before tax to reserve until such reserve equals to Banks paid up capital.
2.14
Revaluation reserve
When an assets carrying amount is increased as a result of a revaluation, the increased amount credited directly to
equity under the heading of revaluation surplus/reserve as per BAS-16: Property, Plant and Equipment. The Bank
revalued the assets of land and buildings which is absolutely own by the Bank and the increased amount
transferred to revaluation reserve.
2.15
Non-controlling (Minority) interest in subsidiary

Non-controlling (Minority) interest in business is an accounting concept that refers to the portion of a subsidiary
corporations stock that is not owned by the parent corporation. The magnitude of the non-controlling (Minority)
interest in the subsidiary company is always less than 50% of outstanding shares; else the corporation would cease
to be a subsidiary of the parent. non-controlling (Minority) interest belongs to other investors and is reported on
the consolidated balance sheet of the owing company to reflect the claim on assets belonging to other,
non-controlling shareholders. Also, minority interest is reported on the consolidated income statement as a share
of profit belonging to non-controlling (Minority) shareholders.
2.16

Deposits by customers and banks are recognized when the bank enters into contractual provisions of the
arrangements with the counterparties, which is generally on trade date, and initially measured at the consideration
received.
Borrowings from other banks, financial institutions and agents
Borrowed fund include call money deposits, borrowings, re-finance borrowings and other term borrowings from
banks. They are stated in the balance sheet at amounts payable. Interest paid/payable on these borrowings is
charged to the profit & loss account.
2.17
Disclosures on borrowings against REPO are shown in Annexure-J

2.18
Basis for valuation of liabilities and provisions
2.18.1 Provision for taxation

The current tax payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the
Profit & Loss Account because it excludes items of income or expense that are taxable or deductible. The Bank's
liability for current tax is calculated using tax rates that have been enacted or substantively enacted before the date
of balance sheet.
Provision for current income tax has been made @ 40.00% on accounting profit made by the Bank after considering
some of the add backs of income and disallowances of expenditure as per Income Tax Ordinance 1984.
2.18.2 Deferred taxation
Deferred tax liabilities are the amount of income taxes payable in future periods in respect of taxable temporary
differences. Deferred tax assets are the amount of income taxes recoverable in future periods in respect of
deductible temporary differences. Deferred tax assets and liabilities are recognized for the future tax consequences
of timing difference arising between the carrying values of assets, liabilities and their respective tax bases. Deferred
tax assets & liabilities are measured using tax rates and tax laws that have been enacted or substantially enacted at
the balance sheet date. The impact on the account of changes in the deferred tax assets and liabilities has also been
recognized in the profit and loss account as per BAS -12 Income Taxes.
Disclosures on deferred taxes are shown in note-14.4.1.
2.18.3 Retirement benefits to the employees
The retirement benefits accrued for the employees of the bank as on reporting date have been accounted for in
accordance with the provisions of BAS-19 Employee Benefits. The bank operates retirement benefits scheme for
its permanent employees. Elements of which are as under:
a) Provident fund
Provident fund benefits are given to the permanent employees of the bank in accordance with banks service rules.
Accordingly a trust of deed and provident fund rules were prepared. The Commissioner of Income Taxes, Taxes
Zone-04, Dhaka has approved the provident fund as a recognized provident fund within the meaning of section
2(52), read with the provisions of part - B of the First Schedule of Income Tax Ordinance 1984. The recognition took
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effect from 16.01.1992. The fund is operated by a Board of Trustees consisting 06 (six) members. All confirmed
employees of the bank are contributing 10% of their basic salary as subscription to the fund. The bank also
contributes equal amount of the employees contribution. Interest earned from the investments is credited to the
members account on yearly basis.
b) Gratuity fund
The bank has operated gratuity fund which was approved by National Board of Revenue on 17.09.2009. The fund is
operated Board of Trustees. Provision in respect of which is made annually covering all its permanent eligible
employees as per BAS-19 Employee Benefits.
c) Superannuation fund
The bank operates an employees Superannuation Fund Trust by a separate Board of Trustees consisting of 05 (Five)
members. The death-cum survival benefits are given to the employees as per the eligibility narrated in the Trust
Rules. The fund got recognition from the National Board of Revenue (NBR) effect from 01.01.2004 under the section
3 and 4 of part A of First Schedule of Income Tax Ordinance 1984. The bank contributes to the fund annually as per
Superannuation Fund Rules of the bank.
d) Benevolent fund
NCCBL employees benevolent fund was established in the year 2007 for the welfare of the distressed employees
and their dependents. The employees of the bank contribute to the fund at a rate applicable for each grade from
their monthly salary.
e) Workers profit participation fund and welfare fund
SRO-336-AIN/2010 dated 5-10-2010 issued by the Ministry of Labor and Employment and published in
Bangladesh gazette on 7-10-2010 declares the status of business of certain institutions and companies like mobile
operating companies, mobile network service providing company, all Govt. and Non-govt. money lending
companies, all insurance companies etc. as Industrial Undertakings for the purposes of Chapter-XV of the
Bangladesh Labour Act, 2006 (as amended up to 2013) which deals with the workers participation in companys
profit by way of Workers Profit Participation Fund and Welfare Fund. The Bangladesh Labour Act, 2006 (as
amended up to 2013) requires the Industrial Undertakings to maintain provision for workers profit participation
fund @ 5% on net profit. Since this requirement contradicts with the Section 11 of the Bank Companies Act 1991
(as amended up to 2013), we took opinion from Bangladesh Bank on the same. Subsequently, Bangladesh Bank
has opined that the provisions of the two statutes shall be subject to challenge and shall vitiate the purpose of such
legislation. Therefore, no provision in this regard has been made in the Financial Statements during the year under audit.
2.18.4 Provision for liabilities
A provision is recognized in the balance sheet when the bank has a legal or constructive obligation of a result of a
past event and it is probable that an outflow of economic benefit will be required to settle the obligation in
accordance with the BAS-37 Provisions, Contingent Liabilities and Contingent Assets.
2.18.5 Provision for off-balance sheet items
Off-balance sheet items have been disclosed under contingent liabilities and other commitments as per
Bangladesh Bank guidelines. As per BRPD Circular no.10 dated September 18, 2007 & BRPD Circular no.14 dated
September 23, 2012, Banks are advised to maintain provision @ 1.00% against off-balance sheet exposure in
addition to the existing provisioning arrangement.
2.18.6 Provision for NOSTRO accounts:
As per instructions contained in the circular letter no. FEPD (FEMO)/01/2005-677 dated September 13, 2005 issued
by Foreign Exchange Policy Department of Bangladesh Bank, Banks are required to make provision regarding the
un-adjusted debit balance of NOSTRO account over more than three months as on the reporting date in these
financials. Since there are no un-reconciled entries which are outstanding more than three months then Banks are
not required to make provision.
2.19
Revenue recognition
2.19.1 Interest income

In terms of the provision of the BAS-18 Revenue the interest income is recognized on accrual basis. Interest on
loans and advances ceases to be taken in to income when such advances are classified. It is than kept in interest
suspense in a memorandum account. Interest on classified loans and advances is accounted for on a cash receipt basis.
2.19.2 Investment income
Interest income on investments is recognized on accrual basis. Capital gain on investments in shares is also
included in investment income. Capital gain is recognized when it is realized.
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107
2.19.3 Fees and commission income

Fees and commission income arises on services provided by the Bank are recognized on a cash received basis.
Commission charged to customer on letters of credit and letters of guarantee is credited to income at the time of
effecting the transactions.
2.19.4 Dividend income on shares
Dividend income is recognized when shareholders' right to receive payment is established.
2.19.5 Interest paid and other expenses
In terms of the provisions of BFRS, interest and other expenses are recognized on accrual basis.
2.19.6 Dividend payments
Interim dividends are recognized when they are paid to shareholders. Final dividend is recognized when it is
approved by the shareholders.
Dividend payable to the banks shareholders are recognized as a liability and deducted from the shareholders
equity when it is payable/paid in the period in which the shareholders right to receive the payment is established.
2.20
Risk management
The risk of the Bank may be defined as the possibility of losses, financial or otherwise. The risk management of the
Bank covers 06 core risks i.e. Credit Risk, Internal Control & Compliance Risk, Money Laundering Risk, Asset Liability
Management Risk (Balance Sheet Risk), Foreign Exchange Risk and Information Technology Risk. As a part of risk
management, adequate capital is maintained against Credit Risk, Market Risk and Operational Risk under Basel-III
accord. Under the second pillar of Basel-III, a Supervisory Review Process (SRP) team has been formed to review,
monitor and maintain adequate capital considering all relevant risks. Quarterly Stress Testing is conducted to
assess the impact of different risks associated with banking business on asset, liability & ultimately on capital and
the report is submitted before the Board of Directors and to Bangladesh Bank regularly. The prime objective of the
risk management is that the bank evaluates and takes well calculative business risks and there by safeguarding the
banks capitals, its financial resources and profitability from various business risks through its own measures and
through implementing Bangladesh Bank guidelines and following some of the best practices as under:
2.20.1 Credit risk

It arises mainly from lending, trade finance, and leasing and treasury business. Credit Risk can be described as
potential loss arises from the failure of a counter party to perform as per contractual agreement with the bank. The
failure may result from unwillingness of the counter party of decline in his or her financial condition there for the
banks credit risk management activities have been designed to address all these issues.
The Bank has segregated duties of the officers / executives involved in credit related activities, a separate corporate
division has been formed at Head office which is entrusted with the duties of maintaining effective relationship with
the customers, marketing of credit products, exploring now business opportunities etc. moreover, credit approval,
administration, monitoring and recovery functions have been segregated. For this purpose, three separate units
have been formed within the credit division these are a) Credit risk Management Unit b) Credit Administration Unit
and c) Credit monitoring and recovery Unit. Credit risk management Unit is entrusted with the duties of maintaining
assets quality, assessing risk in lending to a particular customer, sanctioning credit, formulating policy / strategy for
lending operation, etc. Adequate provision has been made on classified loans is shown in Note 14.5 (a).
A thorough assessment is done before sanction of any credit facility at Credit Risk Management Unit. The risk
assessment includes borrower risk analysis, financial analysis, industry analysis, historical performance of the
customer, security of the proposed credit facility, etc. The assessment process starts at Corporate Credit Division by
the Relationship Manager / Officer and ends at Credit Risk Management Unit when it is approved / declined by the
competent authority. Credit approval authority has been delegated to the individual at executives. Proposals
beyond their delegation are approved / declined by the Executives Committee and / or the Management of the
Bank. In determining Single borrower / large loan limit, the instructions of Bangladesh Bank are strictly followed. Internal
audit is conducted at periodical intervals to ensure compliance of Banks and Regulatory policies. Loans are classified as
per Bangladesh Banks guidelines. Concentration of single borrower/large loan limit is shown in Annexure-C.
2.20.2 Foreign exchange risk
Foreign exchange risk is defined as the potential change in earning due to change in exchange rate. The foreign
exchange risk of the Bank is minimal as all the transactions are carried out on behalf of the customers against
underlying L/C commitments and other remittance requirements.
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108
Treasury Department independently conducts the transactions and the back office of treasury is responsible for
verification of the deals and passing of their entries in the books of account. All foreign exchange transactions are
revalued at Mark-to-Market rate as determined by Bangladesh Bank at the month-end. All NOSTRO accounts are
reconciled on a monthly basis and the management for its settlement reviews outstanding entry beyond 30 days. The
position maintained by the bank at the end of day within the stipulated limit prescribed by the Bangladesh Bank.
2.20.3 Asset liability management
The assets liability committee (ALCO) of the Bank monitors Market risk and liquidity risks of the Bank. The Market
risk is defined as potential charge in earnings due to change in rate of interest, foreign exchange rates which are
not of trading nature. ALCO reviews liquidity requirement of the Bank, the maturity of assets and liabilities, deposit
and lending, pricing strategy and the liquidity contingence plan. The primary objective of the ALCO is to monitor
and avert significant volatility in Net Interest Income (NII), investment value and exchange earnings.
2.20.4 Money laundering risk
Money laundering risk arises from non-compliance of money laundering related instructions of the regulatory
body. It's consequence are dire & far reaching and may be in the form of financial penalty, reputation loss, legal
harassment and even the risk of sustainability. Weakness in money laundering prevention and combating terrorist
financing may lower the image of the Bank in local & global environment. It may also reduce the confidence of the
stakeholders. For involvement in money laundering & terrorist financing, the regulatory bodies may impose
restrictions in expansion of business and Bank may lose the market share. Banks around the globe may be
unwilling to establish correspondent banking relationship if money laundering prevention and combating
financing terrorism status are not up to the mark. The following initiatives have been taken by our Bank to comply
with the requirements of Bangladesh Bank:
Central Compliance Unit (CCU) at Head Office and Branch Compliance Unit (BCU) at branch level have been
formed headed by Chief Anti-Money Laundering Compliance Officer (CAMLCO) and Branch Anti-Money
Laundering Compliance Officer (BAMLCO) respectively.
Policy Guideline on Anti Money Laundering (AML) and Combating Financing Terrorism (CFT) has been revised &
updated complying with Bangladesh Banks instruction & circulars/circular letters.
Uniform Account Opening Form was introduced where KYC is a must. As per Money Laundering Prevention
Act-2012, Bangladesh Bank instruction and BFIU master circular no. 10; branches have been instructed to obtain
full & accurate information of the clients while establishing banking relationship.
Actual transactions are compared with Transaction Profile (TP) to identify abnormal and suspicious
transaction(s).
Branch incumbents are always responsible for ongoing monitoring of Account Transactions & matching given
data with the transactions or activity. Branches identified Suspicious Transaction by transaction symptoms &
generate STR and send to CCU-AML, Head Office. After investigate & evaluate then sends Suspicious Transaction
Report (STR) directly to BFIU of Bangladesh Bank using goAML web software and manually as per article 7 of
BFIU master circular 10 & Bangladesh Banks Instruction within short time.
Branch generates monthly Cash Transaction Report (CTR) for threshold amount Tk. 10 lacs & above both for FIU
Software & goAML Software filing up the mandatory fields within given deadline. Central Compliance Unit on
verification & compilation sends XmL Cash Transaction Report (CTR) directly to BFIU of Bangladesh Bank using
goAML web software and CD as per article 6 of BFIU master circular 10 & Bangladesh Banks Instruction.
In accordance with the instructions of BFIU, Banks provide the information of customer account within the
mentioned time limit in the issued letter. If any account / amount are freeze bank confirms the same immediately to BFIU.
Customers are graded on the basis of risk. High risk customers are closely monitored and Enhanced Due
Diligence is applied in this case.
Self Assessment is done by the branches and a summary report is prepared and submitted to the Managing
Director & CEO and Bangladesh Bank half yearly basis.
Independent Testing Procedure is done while conducting audit in the branches by ICC Division Audit Team. The
same is summarized and placed before the Management and Bangladesh Bank half yearly basis."
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109
As per article 3.2, 3.7, 3.8 & 3.9 of Bangladesh Bank's BFIU Circular No. 10, dated 28 December 2014, branches
have been instructed to apply Enhance Due Diligence (EDD) in opening & maintaining accounts of Politically
Exposed Persons (PEPs), Influential Persons (IPs), their family members and close associates.
Apart from Independent Testing Procedures, 52 branches have been inspected in the year 2015 on money
laundering prevention and combating financing terrorism.
Extensive training is being continuously imparted to the officials of the Bank to make them familiar with money
laundering prevention and combating financing terrorism and to mitigate the risk arising there from. In the year
2015, total 507 officials were provided training on Anti Money Laundering & Combating Financing Terrorism
through outreach workshop. Our Training Institute is also arranging training/ workshop on the issue on regular basis.
Up to the year 2015 total 18 circulars of Bangladesh Financial Intelligent Unit (BFIU) of Bangladesh Bank have
been disseminated to Bangladeshi all schedule banks for compliance.
Recently BFIU of Bangladesh Bank issued BFIU Circular No.10; Dated 28 December 2014 lifted Master Circular.
Total AMLD & BFIU Circular {except AML Circular No.10, (Cash Transaction Reporting form), AML Circular
No. 22, BFIU Circular No.02, BFIU Circular No.07 & BFIU Circular letter-1} are compiled & accumulated
making BFIU master circular no. 10 for all schedule Banks. Central Compliance Unit (CCU-AML) of Head Office has
disseminated the same through by instruction circular to the branches for compliance.
We have developed a Sanction Screening Software (Enfold) for all Branches & Head Office for screening UN &
OFAC sanction list. Honorable Managing Director and CEO launched this software (Enfold) on 30th June 2015.
Our all branch and Head Office is now screening UNSC and US-OFAC sanction list at the time of Account
Opening, Inward Foreign Remittance payments and Opening any L/C. We utilize SWIFT Sanction Screening
Software for screening Foreign National/Entity/ against L/C/, Import, Export& Foreign Remittance.
Screening Mechanism is strictly followed for every customer and especially any foreign transactions like import,
export, foreign remittance, foreign guarantee & correspondent banking relationship through System software
procured by the bank
Recently BFIU of Bangladesh Bank issued Money Laundering Prevention (amendment) Act. 2015 by BFIU
Circular letter No.06; Dated 08 December 2015 are complied for all schedule Banks. Central Compliance Unit
(CCU-AML) of Head Office has disseminated the same through by instruction circular No. 694/2015 dated
27.12.2015 to the branches for compliance.
Quarterly meeting of Central Compliance Unit (CCU) and Monthly meeting of Branch Compliance Unit (BCU) are
arranged and the decisions are gradually implemented.
Before establishing correspondent banking relationship, status on money laundering prevention and
combating financing terrorism of the respondent banks are obtained through a questionnaire developed by
Bangladesh Bank. Correspondent banking relationships with any bank is established upon receipt of the desired
information and subject to our satisfaction pursue by article 3.10 of BFIU master circular no 10.
To Face APG 3rd round Mutual Evaluation on 11 October to 22 October, CCU-AML has taken vigorous steps to
complied AML & CFT issues by the branches. In this respect CCU-AML, HO issues Instructions circular no. 639, 656
& 661, date: 04 May 2015, 23 July 2015 & 16 August 2015.
As a part of precautionary measure and as per instruction of Central Bank, we do not establish Correspondent
Banking relationship with any shell bank or any bank having banking relationship with any shell bank.
Records of Accounts, supporting documents, Transactions, Instruments /vouchers & records of Walk in
Customers are maintained for all operating accounts & above documents are always maintained at least for
5 (five) years after closes of the account.
2.20.5 Internal control and compliance
Operational loss may arise from error and fraud due to lack of internal control and compliance. Management
through internal control and compliance division, controls operational procedure of the Bank. Internal control and
compliance division undertakes periodical and special audit of the branches and departments at Head Office for
review of the operation and compliance of statutory requirement. The Audit Committee of the Board subsequently
reviews the reports of the internal control and compliance division.
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110
2.20.6 Information technology

NCCBL follows the guideline stated in BRPD Circular no. 14 dated 23 October 2005 regarding Guideline on
Information and Communication Technology for Scheduled Banks.
IT management deals with IT policy documentation, internal IT audit, training and insurance.
IT operation management covers the dynamics of technology operation management including change
management, assets management and operating environment procedures management. The objective is to
achieve the highest levels of technology service quality by minimum operational risk.
Physical security involves providing environmental safeguards as well as controlling physical access to equipment and data.
In order to ensure that information assets are protected against risk, there are controls over:
a)
b)
c)
d)
e)
f)
g)
Password
User ID maintenance
Input
Network security
Data encryption
Virus protection
Internet and e-mail
The Business Control Plan (BCP) is formulated to cover operational risk and taking into account the potential for
wide area disasters, data center disasters and the recovery plan. The BCP takes into account the backup and
recovery process.
2.20.7 Market risk:
Interest rate risk
Interest rate risk may arise either from trading portfolio and non-trading portfolio. The trading portfolio of the Bank
consists of Government treasury bills of 28 days maturity. The short-term movement in interest rate is negligible or
nil. Interest rate risk of non-trading business arises from mismatches between the future yield of an asset and its
funding cost. Asset liability Committee (ALCO) monitors the interest rate movement on a regular basis.
Equity risk
Equity risk arises from movement in market value of equities held. The market value of equities is lesser than cost
price against which provision is appearing made in these financial statements.
2.20.8 Reputation risk arising from money laundering incidences
Money laundering risk is defined as the loss of reputation and expenses incurred as penalty for being negligent in
prevention of money laundering. For mitigating the risks, the Bank has a designated Chief Compliance Officer at
Head office and Compliance Officers at branches, who independently review the transactions of the accounts to
verify suspicious transactions. Manuals for prevention of money laundering have been established and transaction
profile has been introduced. Training is continuously given to all the category of Officers and Executives for
developing awareness and skill for identifying suspicious activities / transactions.
2.20.9 Operational risk
Operational risk may arise from error and fraud due to lack of internal control and compliance. Management,
through internal control and compliance division, controls operational procedure of the Bank. Internal Control and
compliance division undertakes periodical and special audit of the branches and departments at the Head Office for
review of the operation and compliance of statutory requirements. The Audit Committee of the Board subsequently
reviews the reports of the internal control and compliance division.
2.21
Earnings per share

Basic earnings per share
Basic earnings per share have been calculated in accordance with BAS-33 Earnings per Share which has been
shown on the face of the profit and loss account. This has been calculated by dividing the basic earning by the
weighted average number of ordinary shares outstanding during the period.
Diluted earnings per share
No diluted earnings per share is required to be calculated for the period as there was no scope for dilution during
the year under review.
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111
2.22 Memorandum items

Memorandum items are maintained to control all items of importance and for such transactions where the Bank has
business responsibility but no legal commitment. Stock of Travelers Cheques (TC), Saving Certificates and other fall
under the memorandum items.
2.23 Compliance of Bangladesh Accounting Standards (BASs) and Bangladesh Financial Reporting
Standards (BFRSs):
The Institute of Chartered Accountants of Bangladesh (ICAB) is the Official Standard setting body as well as the
regulator of accounting profession in the country. ICAB has adopted most of the International Accounting Standards
(IASs) and International Financial Reporting Standards (IFRSs) as Bangladesh Accounting Standards (BASs) and
Bangladesh Financial Reporting Standards (BFRSs). While preparing the financial statements, NCC Bank has applied
all the applicable of BASs & BFRSs for preparation and presentation of financial statements except described in note
no.2.1 as noted below:
Name of the BAS
Presentation of Financial Statements
Inventories
Cash Flow Statements
Accounting Policies, Changes in Accounting Estimates and Errors
Events after the Reporting Period
Construction Contracts
Income Taxes
Property, Plant and Equipment
Leases
Revenue
Employee Benefits
Accounting for Government Grants and Disclosure of Government Assistance
The Effects of Changes in Foreign Exchange Rates
Borrowing Costs
Related Party Disclosures
Accounting and Reporting by Retirement Benefit Plans
Separate Financial Statements
Accounting for Investments in Associates
Financial Reporting of Interest in Joint Ventures
Financial Instruments: Presentation
Earnings Per Share
Interim Financial Reporting
Impairment of Assets
Provisions, Contingent Liabilities and Contingent Assets
Intangible Assets
Financial Instruments: Recognition and Measurement
Investment Property
Agriculture
BAS no.
1
2
7
8
10
11
12
16
17
18
19
20
21
23
24
26
27
28
31
32
33
34
36
37
38
39
40
41
Status
Not Applied*
Applied
Not Applied*
Applied
Applied
Not applicable
Applied
Applied
Applied
Applied
Applied
Not applicable
Applied
Applied
Not applicable
Not applicable
Applied
Not applicable
Not applicable
Not Applied*
Applied
Applied
Applied
Applied
Applied
Not Applied*
Applied
Not applicable
Name of the BFRS

First time adoption
Share Based Payment
Business Combinations
Insurance Contract
Non-current Assets Held for Sale and Discontinued Operations
Exploration for and Evaluation of Mineral Resources
Financial Instruments: Disclosure
Operating Segments
Financial Instruments-R&M
BFRS no.
1
2
3
4
5
6
7
8
9
Status
Not applicable
Not applicable
Not applicable
Not applicable
Not applicable
Not applicable
Not Applied*
Applied
Not yet adopted
but under review
Applied
Not applicable
Not applicable
Not applicable
Consolidated Financial Statements

Joint Arrangements
Disclosure of interest in other entities
Fair Value Measurement
10
11
12
13
* The above BAS and BFRS are not applied due to compliance of the Banking Companies Act 1991, Rules and regulations
and instructions issued by Bangladesh Bank time to time.
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112
2.24 Regulatory and legal compliance

The Bank complied with the requirements of following regulatory and legal authorities:
a)
b)
c)
d)
e)
f)
g)
The Banking Companies Act 1991 (Amended up to 2013);

The Companies Act 1994;
Rules and regulations issued time to time by Bangladesh Bank;
The Bangladesh Securities and Exchange Rules 1987, The Bangladesh Securities and Exchange Ordinance
1969, The Securities and Exchange Commission Act 1993, The Bangladesh Securities and Exchange
Commission (Public Issue) Rules 2006;
The Income Tax Ordinance 1984;
The VAT Act 1991;
Other laws & regulations as applicable.
2.25 Information about business segments

Segments information is presented in respect of the groups business.
Business segments
Business segments report consists of products and services whose risks and returns are different from those of other
business segments. These segments comprise conventional banking including Offshore banking unit, investment services
(NCCBSFSL & NCCBCL) and Remittance (NCCB Exchange (UK) Limited. Business segment report shown in Annexure-M
Geographical segments
Geographical segments report consists of products and services within a particular economic environment where
risk and returns are different from those of other economic environments. These segments comprise of NCC Bank
Limited, Offshore Banking Unit, NCCB Securities and Financial Services Limited, NCCB Capital Limited & NCCB
Exchange (UK) Limited. Geographical segments reports are shown in Annexure-M.
Inter segment transactions, generally based on inter branch fund transfer measurements as determined by the
management. Income, expenses, assets, liabilities are specifically identified with individual segments. Based on such
allocation segment balance sheet as on 31 December 2015 and segment profit and loss account for the year ended
31 December 2015 have been prepared.
2.26 Events after the reporting period
Events after the reporting period provide additional information about the banks position at the balance sheet date
is reflected in the financial statements. Events after the balance sheet date are not adjusting event are disclosed in
the notes when material.
2.27 Related party transaction
Related party transaction is a transfer of resources, services or obligation between related parties,
regardless of whether a price is charged. Details disclosure shown in Annexure- I
2.28 Assets pledged as security
The bank has secured liability as mentioned in notes 12.01 and there was assets pledge as securities against liabilities.
2.29 Credit rating of the bank
Last seven years Credit Ratings of our Bank are given below:
Year
2014
2013
2012
2011
2010
2009
2008
2007
Date of Rating
30.06.201 5
30.06.2014
30.06.2013
24.05.2012
23.06.2011
24.06.2010
29.06.2009
09.06.2008
Long term
AA
AA
AAAA3
A1
A1
A2
A2
Short Term
AR-2
AR-2
AR-2
ST -2
ST -2
ST -2
ST -2
ST -3
Rating conducted by
Alpha Credit Rating Limited
Credit Rating Agency of

Bangladesh Limited (CRAB)
2.30 BASEL III implementation

The BASEL Committee on Banking Supervision has published a new framework for calculating minimum capital
requirement, known as Basel III. The new guideline is structured around three pillars: (i) minimum capital
requirement (on credit risk, market risk and operation risk), (ii) supervisory review process and (iii) market discipline.
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113
Implementation of Basel II framework in Bangladesh will integrate the risk management process of the Bank and its
capital adequacy requirement. Bangladesh Bank has formed a National Steering Committee and Coordination
Committee for implementation of BASEL III in Bangladesh. As per the Committee decision BASEL II has been fully
implemented in Bangladesh from January 2011. The National Steering Committee has indicated that the following
methodology of BASEL III would be followed in Bangladesh:
I. Standardized method for credit and market risk.
II. Basic indicator approach for operational risk.
III. Internal Ratings Base for credit risk has been applied from 2012 where prior permission from Bangladesh Bank
would be required.
2.31 Banks compliance with the related pronouncements of Bangladesh Bank
a) Internal control
The objective of internal control is to ensure that management has reasonable assurance that (a) operations are
effective, efficient and aligned with strategy, (b) financial reporting and management information is reliable,
complete and timely accessible, (c) the entity is in compliance with applicable laws and regulations as well as its
internal policies and ethical values including sustainability, and (d) assets of the company are safeguarded and
frauds & errors are prevented or detected.
National Credit and Commerce Bank Limited has established an effective internal control system whose primary aim
is to ensure the overall control of risks and provide reasonable assurance that the objectives set by the bank will be
met. It is designed to develop a high level risk prevention culture among the personnel of the bank, establish as
efficient and qualified operating model of the bank, ensure reliability of internal and external information including
accounting and financial information, secure the Banks operations and assets, and comply with laws, regulatory
requirements and internal policies.
The Board of Directors of NCC Bank Limited, through its Audit Committee, periodically reviews the effectiveness of
Banks internal control system covering all the material controls, including financial, operational and compliance
controls, risk management systems, the adequacy of resources, qualifications and experience of staff of the
accounting and financial reporting function, training programs, budget, etc. Board Audit Committee reviews the
actions taken on internal control issues identified by the internal & external auditors and regulatory authorities.
It has active oversight on the internal audits independence, scope of work and resources and it also reviews the
functions of Internal Control & Compliance Division of Head Office, particularly the scope of the annual audit plan
and frequency of the internal audit activities.
b) Internal audit
Internal Audit is the continuous and systematic process of examining and reporting on the activities of an
organization undertaken by the specially assigned staff(s). Internal Auditor works as the Eyes & Ears of the
management. It may therefore be used to bridge the gap between management and shop floor. It can assure the
management that the internal controls are adequate and in operations, the policies and systems laid down are being
adhered to and accounting records provided by the lower level are correct.
Internal Audit Mechanism is used as an important element to ensure good governance of NCC Bank Limited. Internal
Audit Activity of NCC Bank Limited is effective and it provides a number of important services to senior
management. These include detecting and preventing fraud, testing internal control, and monitoring compliance
with own policies & procedures, applicable rules & regulations, instructions/guidelines of regulatory authority etc.
During the period 2015, ICCD conducted inspection on many of the Branches/Divisions of Head Office of the Bank and
submitted reports and presented the findings of the audits/inspections. Necessary control measures and corrective
actions have been discussed in the meetings of the Audit Committee of the Board and necessary steps have been
taken according to the decision of the Committee for correct functioning of Internal Controls & Compliance.
c) Fraud & forgeries
The increasing wave of fraud and forgery cases in the banking sector in recent time calls for concerted steps in
identifying ways for reducing or preventing frauds and forgeries by analyzing the causes and effect of frauds and
forgeries, and prescribing effective control strategies for salvaging frauds in the banking sector. NCC Bank does
always pay due attention on anti-fraud internal controls for prevention of fraud and forgery. The Bank has already
implemented some strategies like Financial Control Strategy, Personnel Control Strategy, Accounting Control
Strategy, Credit Control Strategy, Cost Control Strategy, Administrative Control Strategy, Process Control Strategy
etc. in order to strengthening the control system further. Although it is not possible to eliminate all frauds because
of the inherent limitations of Internal Control System, the Board of Directors and management have taken all the
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114
measures to keep the operational risk in a very minimum level. Internal Control and Compliance Division (ICCD)
assesses and evaluates the effectiveness of Banks anti-fraud internal control measures, recommends for further
improvement in implementation of aforesaid strategies and reports to the Bangladesh Bank of effectiveness of
controls at the end of each quarter following their prescribed format. During the year 2015, 02 instances of frauds
were identified and reported to Bangladesh Bank. Total amount related to those frauds is Taka 9,00.66, lac (approx.).
Defalcated amount has been adjusted with exchange gain and loss in the previous years. Accordingly Financial
Statements has been restated in compliance with BAS-8. Management is exerting their all out efforts to recover the
aforesaid amount.
2.32
In the year 2014, Exchange gain defalcated amount was not incorporated in the financial statements due to an error.
In the year 2015, the error was identified and it was incorporated in the financial statements. In order to comply with
Bangladesh Accounting Standards (BAS)-8 Accounting Policies, Changes in Accounting Estimates and Errors, it
requires to restate the following items and to incorporate these financial statements:
31.12.2015
Taka
Commission, exchange and brokerage:
Balance Stated in Previous year
Adjustment for defalcated exchange loss
Restated balance of 2014 for comparison as on 31.12.2015
25
31.12.2014
Taka
01.01.2014
Taka
796,968,834
796,968,834
834,641,525
90,066,920
924,708,445
912,440,331
912,440,331
Consolidated commission, exchange and brokerage:

25(a)
NCC Bank Limited
NCCB Securities and Financial Services Limited
796,968,834
93,603,298
447,500
891,019,632
924,708,445
102,173,092
5,674,031
1,032,555,568
912,440,331
102,914,461
2,710,515
1,018,065,307
Other expense:
Adjustment for defalcated exchange loss
300,854,369
300,854,369
254,914,885
90,066,920
344,981,805
240,598,299
240,598,299
300,854,369
15,818,647
19,380
9,014,023
325,706,419
44,963,763
280,742,656
344,981,805
16,194,627
21,572
9,568,562
370,766,566
370,766,566
240,598,299
14,676,463
31,142
7,621,036
262,926,940
262,926,940
339,176,759
339,176,759
443,148,736
(100,544,970)
342,603,766
446,663,614
(52,139,722)
394,523,892
462,546,722
462,546,722
416,372,694
100,544,970
516,917,664
286,579,106
52,139,722
338,718,828
12,427,296,595
1,442,626,154
5,168,280
13,875,091,028
13,875,091,028
10,231,239,218
1,003,449,532
17,648,110
7,723,411
11,260,060,271
3,577,752
11,256,482,519
9,832,023,919
793,475,264
16,173,814
6,665,889
10,648,338,886
2,344,596
10,645,994,290
36
Consolidated other expense:

36(a)
NCC Bank Limited
Less: Intercompany transaction
Assets revaluation reserve on land and building
Adjustment for deferred tax liability
18(a)
Deferred tax liabilities

Adjustment for deferred tax liability
14.4.1
Consolidated other liabilities

NCC Bank Limited
14(a)
Less: Intercompany transaction

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115
Audit committee
The Audit Committee of the Board of Directors of the Bank formed in accordance with Bangladesh Banks BRPD
circular No. 11 dated 27 October 2013 and SEC Notification no. SEC/CMRRCD/2006-158/129/Admin/44 dated
August 7, 2012 on Corporate Governance, the current committee is constituted with the following members of the Board
as on 31 December 2015:
SL.
No.
Name
Status with the Bank
Status with
the
committee
Chairman
Educational
qualifications
1.
Mr. Md. Amirul Islam, FCS, FCA
2.
Mr. Md. Abul Bashar
Director
Member
B.Com.(Hons),
M.Com. , DAIBB, FCS, FCA
B.S. (MIS), USA
3.
Director
Member
M.A.
4.
5.

Mr. K. A. M. Haroon
Director
Member
Member
B.Com.
B.Sc.Engg.
During the year, the Audit Committee of the Board conducted 19 (Nineteen) meetings in which the important
issues were discussed/reviewed. (Refer to the report of the Board Audit committee for details).
4
General
4.1
Number of employees
Number of employees at December 31, 2015 was 2,296; (2014:2,266) who were in receipt of remuneration for that
year which in the aggregate was not less than Tk. 36,000 per annum and those employed for a part of that year who
were also in receipt of remuneration of not less than Tk.3,000 per Month.
4.2
Figures appearing in these financial statements have been rounded off to the nearest Taka.
Previous years figures, whenever considered necessary, have been rearranged and restated in order to conform to
current years presentation.
Stock of Travelers Cheques, Shanchaya patras are not reflected as off-balance sheet items in the financial statements.
Cash
31.12.2015
Taka
31.12.2014
Taka
1,185,707,219
5,901,798
1,191,609,017
1,191,609,017
1,150,806,056
22,678,026
1,173,484,082
1,173,484,082
7,452,249,194
326,195,859
7,778,445,053
306,553,241
8,084,998,294
8,084,998,294
9,276,607,311
7,044,521,827
136,572,051
7,181,093,878
257,582,948
7,438,676,826
7,438,676,826
8,612,160,908
Cash in hand ( Including foreign currencies)

Conventional banking
Local currency
Foreign currencies
Off-shore banking unit
Local currency
Foreign currencies
Sonali Bank Ltd. as agent of Bangladesh Bank ( Local currency )-note 5.1
Page
116
5.1 Sonali Bank Ltd. as agent of Bangladesh Bank ( Local currency )

Cox's bazar branch
Feni branch
Laxmipur branch
Moulvibazar branch
Jessore branch
Chaumuhani branch
Madaripur branch
Chakaria branch
Comilla branch
Joydevpur branch
Mymensingh branch
Tangail branch
Naogaon branch
Kushtia branch
Narayangonj branch
Brahmanbaria branch
Narsingdi branch
Maijdee branch
Dinajpur branch
31.12.2015
Taka
31.12.2014
Taka
6,166,554
35,160,585
21,348,459
1,375,035
8,466,301
84,134
11,112,063
758,660
46,446,677
224,012
52,766,798
57,052,217
5,415,393
8,117,401
1,915,953
38,322,661
2,458,687
8,604,296
757,355
306,553,241
19,999,018
27,084,519
23,019,074
7,932,546
647,363
121,334
6,529,721
1,948,378
1,127,549
80,841
47,331,431
36,692,445
13,753,606
10,225,381
2,404,313
20,391,300
13,543,097
1,683,444
23,067,588
257,582,948
5.2 Cash Reserve Requirement (CRR) and Statutory Liquidity Ratio (SLR)
Cash Reserve Requirement (CRR) and Statutory Liquidity Ratio (SLR) have been calculated and maintained in accordance with the Section 33 of the Banking Companies Act, 1991, DOS circular no.01 dated 19 January 2014 and MPD
circular no. 01 dated 23 June 2014. The cash reserve requirement of the Bank's based on time and demand liabilities @
of 6.50% has been calculated and maintained with Bangladesh Bank in current account and 13% Statutory Liquidity
ratio on same liabilities has also been maintained in the form of treasury bills, treasury bonds and debenture including
FC balance with Bangladesh Bank. Both the reserves maintained by the Bank are in excess of the statutory requirements
as shown below:
5.3
Cash Reserve Requirement (CRR)

Required reserve
Actual reserve held
Surplus/ (deficit)
5.4
7,383,762,048
7,452,249,194
68,487,146
7,005,473,940
7,044,521,827
39,047,887
14,767,524,100
21,595,681,011
6,828,156,911
14,010,947,890
26,711,687,075
12,700,739,185
Statutory Liquidity Ratio ( SLR)

Required reserve
Actual reserve held
Surplus/ (deficit)
Actual reserve held for SLR has been restated in 2014 due to inclusion of HFT as a component of SLR
Total required reserve
Actual reserve held
Total surplus
22,151,286,148
29,047,930,205
6,896,644,057
21,016,421,830
33,756,208,902
12,739,787,072
Page
117
5(a)
Consolidated cash
31.12.2015
Taka
31.12.2014
Taka
1,191,609,017
32,417
1,191,641,434
1,173,484,082
631
1,173,484,713
8,084,998,294
8,084,998,294
9,276,639,728
7,438,676,826
7,438,676,826
8,612,161,539
3,959,117,468
3,959,117,468
468,186,926
468,186,926
219,365,784
50,899,365
270,265,149
4,229,382,617
1,934,158,707
5,235,777
1,939,394,484
2,407,581,410
Cash in hand
NCC Bank Limited (Note-5 )
Balance with Bangladesh Bank and its agent bank(s)
NCC Bank Limited (Note-5 )

In Bangladesh (Note -6.1)
Outside Bangladesh (Note-6.2)
6.1
In Bangladesh
Current accounts with
Sonali Bank Limited
IFIC Bank Limited
Islami Bank Bangladesh Limited
Commercial Bank of Ceylon
Trust Bank Limited
Standard Chartered Bank
Dutch Bangla Bank Limited
Rupali Bank Limited
EXIM Bank Limited
First Security Islami Bank Limited
Shahjalal Islami Bank Limited
Bangladesh Commerce Bank Limited
Social Islami Bank Limited
BRAC Bank Limited
19,102,936
227,904
1,077,500
6,573,985
8,836,839
39,671
27,724,245
2,546,098
564,454
558,023
1,104,341
557,163
1,034,187
69,947,346
15,350,418
2,000
275,078
1,077,500
385,049
4,013,941
6,041,495
8,917,826
2,538,965
553,420
538,947
1,076,112
539,446
27,061,086
68,371,283
12,722
27,913
560,201
600,836
14,009,204
27,913
542,294
14,579,411
Special notice deposit accounts with

Janata Bank Limited
United Commercial Bank Limited
Page
118
Fixed deposit accounts with

ICB Islamic Bank Limited
Standard Bank Limited
Dhaka Bank Limited
Southeast Bank Limited
AB Bank Limited
One Bank Limited
Bank Asia Ltd.
National Bank of Pakistan
6.2
31.12.2015
Taka
31.12.2014
Taka
8,569,286
1,000,000,000
500,000,000
500,000,000
500,000,000
230,000,000
1,000,000,000
150,000,000
3,888,569,286
3,959,117,468
3,959,117,468
19,073,390
366,162,842
385,236,232
468,186,926
468,186,926
1,129,210
1,120,402
8,604,483
810,995
10,929,290
32,308,460
3,304,573
25,542,098
9,692,703
1,953,574
48,662,861
2,104,470
2,926,931
13,079,280
15,320,995
7,431,479
184,921,804
2,060,279
2,153,026
2,795,156
4,908,157
14,740,754
574,337
443,660
7,780,481
63,558,237
6,307,281
1,428,422,291
1,301,812
6,691,518
64,638,265
7,275,665
1,613,650,919
1,255,203
33,188,777
34,443,980
219,365,784
50,899,365
270,265,149
1,867,458
99,873,558
218,766,772
320,507,788
1,934,158,707
5,235,777
1,939,394,484
340,212,495
2,830,600,836
1,058,569,286
4,229,382,617
2,373,928,609
14,579,411
19,073,390
2,407,581,410
Outside Bangladesh (NOSTRO Accounts)

Current accounts (non-interest bearing) with
The Bank of Tokyo Mitsubishi UFJ Ltd, Japan
Standard Chartered Bank, Tokyo
United Bank Limited, Karachi
AXIS Bank Limited, Kolkata
Nepal Bangladesh Bank Ltd. Nepal
Sonali Bank (UK) Limited, London
Bank of Bhutan, Phuentsholing
Habib Metropoliton Bank, Pakistan
Unicredit Spa, Milan
Commerzbank AG, Frankfurt Am Main
Nations Trust Bank Plc, Colombo
Standard Chartered Bank, London
ICICI Bank Limited, Kokata
American Express Bank, Colombo
Standard Chartered Bank, Singapore
Standard Chartered Bank, Kolkata
Sonali Bank Limited, Kolkata
Standard Chartered Bank, Frankfurt
Current accounts (interest bearing) with
Westpac Banking Corporation, Sydney
Citibank N.A., New York
Standard Chartered Bank , New York
Off-shore banking unit (Habib American Bank, NY)
(Annexure 'A' may kindly be seen for details)
6.3

(according to remaining maturity grouping) payable
Payable on demand
Up to one month
Over one month but not more than three months
Over three months but not more than six months
Over six months but not more than one year
Over one year but not more than five years
Over five years
Page
119
31.12.2014
Taka
31.12.2015
Taka
6(a)
Consolidated balance with other banks and financial institutions

In Bangladesh
NCC Bank Limited (Note-6.1 )
Less: Inter company transactions
3,959,117,468
181,809,636
258,545,104
4,399,472,208
402,846,468
3,996,625,740
468,186,926
9,444,174
271,032,940
748,664,040
277,130,441
471,533,599
270,265,149
270,265,149
4,266,890,889
1,939,394,484
3,465,575
1,942,860,059
2,414,393,658
Outside Bangladesh
NCC Bank Limited (Note-6.2 )

Banking company
Non-banking financial institutions
Investments
Government securities (Note-8.1)
Other investments (Note-8.2)
8.1
20,035,094,753
1,422,497,335
21,457,592,088
25,241,572,158
1,327,089,604
26,568,661,762
347,767,839
347,767,839
1,209,850,791
606,772,726
323,101,883
2,139,725,400
Government securities
Treasury bills
91 days treasury bills
Bangladesh Bank bill
Treasury bonds
2 years treasury bonds
Prize bonds
Page
120
91,704,985
7,429,990,964
5,656,527,074
3,195,893,499
3,307,598,192
19,681,714,714
5,612,200
20,035,094,753
20,035,094,753
246,942,152
8,949,517,929
6,720,207,098
3,328,561,411
3,852,031,768
23,097,260,358
4,586,400
25,241,572,158
25,241,572,158
8.2
Other investments
31.12.2015
Taka
31.12.2014
Taka
ACI zero coupon bonds
Dhaka Bank subordinated bond
National Bank subordinated bond
Mutual Trust Bank subordinated bond
UCBL subordinate bond
Beximco pharmaceuticals (Debenture )
Investment in shares (Note-8.6)
Less: Provision for investment fluctuation in shares (Note-8.3)
8.3
35,000,000
25,600,000
30,000,000
200,000,000
60,570
1,616,293,179
(484,456,414)
1,131,836,765
1,422,497,335
1,422,497,335
12,139,999
50,000,000
32,000,000
40,000,000
60,570
1,688,266,871
(495,377,836)
1,192,889,035
1,327,089,604
1,327,089,604
495,377,836
66,873,799
(77,795,221)
484,456,414
441,135,058
54,242,778
495,377,836
66,873,799
7,770,647
74,644,446
54,242,778
54,242,778
679,434,728
19,350,047,825
1,428,109,535
21,457,592,088
4,517,278,274
20,719,707,484
1,331,676,004
26,568,661,762
1,102,301,101
400,000,000
1,117,595,862
579,343,207
2,470,342,444
6,627,727,580
9,160,281,894
21,457,592,088
1,156,740,016
851,462,299
826,915,409
594,306,545
1,682,123,120
10,267,604,816
11,189,509,557
26,568,661,762
6,219,000
26,444,239
8,774,040
71,392,368
5,809,122
6,067,093
10,016,563
73,613,875
6,999,050

Opening balance
Add: Provision made during the year
Less: Amount adjusted during the year
Closing balance
8.3 (a) Consolidated provision for investment fluctuation in

shares charged to profit and loss account
NCC Bank Limited (Note-8.3)
8.4
Investment classified as per Bangladesh Bank circular

Held for Trading (HFT)
Held to Maturity (HTM)
Other securities
8.5
Maturity grouping of investments

On demand
Up to one month
Over three months but not more than six months
Over six months but not more than one year
Over one year but not more than five years
Over five years
8.6
Quoted
AB Bank Limited
Advance Chemical Industries Limited
Agrani Insurance Co. Limited
Al-Arafah Islami Bank Limited
Asia Insurance Limited
Page
121
31.12.2015
Taka
Asia Pacific General Insurance Limited
Bangladesh Auto Cars Limited
Bangladesh General Insurance Co. Limited
Bank Asia Limited
Bata Shoe Co. (BD) Limited
Bay Leasing & Investment Limited
Beximco Limited
Beximco Pharma Limited
Bangladesh Submarine Cable Company Limited
BSRM Steels Limited
Confidence Cement Limited
Dacca Dyeing & Manufacturing Co. Limited
Dhaka Electric Supply Company Limited
Eagle Star Textile Mills Limited
Eastern Bank Limited
Eastern Cables Limited
Eastland Insurance Limited
Enboy Textiles Limited
EXIM Bank Limited
Fareast Life Insurance Co. Limited
Family Textile (BD) Limited
First Lease Finance & Investment Limited
GBP Power Limited
GPH Ispat Limited
Grameenphone Limited
Green Delta Insurance Co. Limited
Investment Corporation of Bangladesh
IDLC Finance Limited
Jamuna Bank Limited
Jamuna Oil Company Limited
Karnaphuly Insurance Limited
Khulna Power Co. Limited
Lafarge Surma Cement Limited
Lanka Bangla Finance Limited
Maksons Spinning Mills Limited
Meghna Petroleum Limited
Mercantile Bank Limited
Mercantile Insurance Co. Limited
MI Cement Factory Limited
MJL Bangladesh Limited
National Bank Limited
Navana CNG Limited
Olympic Industries Limited
Padma Oil Company Limited
Peoples Leasing and Financial Services Limited
Phoenix Finance and Investment Limited
Power Grid Co. of Bangladesh Limited
Premier Leasing & Finance Limited
Prime Bank Limited
Prime Islami Life Insurance Company Limited
Prime Textile Spinning Mills Limited
Page
122
30,603,248
223,907
5,392,872
24,427,686
3,368,950
66,145,144
4,872,875
25,969,818
6,002,036
5,298,842
6,540,520
72,012,264
4,227,951
9,047,975
9,391
108,325
6,922,554
1,572,746
1,178,613
3,960,512
8,112,302
22,635,437
16,038,868
13,779,636
2,624,656
25,566,544
102,675
18,278,045
38,446,269
5,789,881
15,012,113
4,598,238
81,920,858
6,576,456
17,750,513
4,152,810
19,321,039
445,948
7,264,320
25,531,210
53,162,602
2,310,739
10,866,255
36,134,880
6,168,182
1,731,905
12,800,426
12,506
357,126
598,840
31.12.2014
Taka
30,800,366
223,907
5,620,658
25,382,039
3,008,892
71,047,947
6,685,800
25,200
26,650,837
9,225,121
5,298,842
6,570,400
74,738,248
4,227,951
8,994,717
277,852
11,650
39,678
55,150
7,078,425
1,572,746
1,601,860
4,324,100
8,076,250
11,564,424
16,685,130
5,490,645
27,466,708
56,132
19,670,799
38,435,918
5,763,830
5,698,282
4,640,671
86,762,006
8,706,149
16,994,756
4,168,547
19,424,350
302,231
6,360,450
22,385,193
61,467,196
511,650
9,992,625
48,205,403
6,140,550
2,004,762
13,236,181
11,223
355,508
300,000
Pubali Bank Limited

R.N.Spinning Mills Limited
RAK Ceramics (Bangladesh) Limited
Rupali Insurance Limited
Saiham Textile Mills Limited
South East Bank Limited
Square Pharmaceuticals Limited
Square Textiles Limited
Summit Alliance Port Limited
Summit Power Limited
Tallu Spining Mills Limited
Titas Gas Transmission & Distribution Co. Limited
Union Capital Limited
Unique Hotel & Resorts Limited
United Airways (BD) Limited
United Commercial Bank Limited
Uttara Bank Limited
31.12.2015
Taka
31.12.2014
Taka
32,877,219
50,171,728
9,892,089
17,854,098
1,193,306
33,134,063
23,504,006
36,097,311
88,057
9,173,814
61,407,660
366,835
90,355,186
2,665,589
31,553,613
33,362,945
9,018,594
1,297,332,390
31,232,515
52,019,169
3,046
9,847,950
18,004,087
1,193,306
42,723,519
44,466,343
36,160,385
114,448
10,515,325
64,153,966
365,191
93,103,425
2,653,600
33,649,778
34,216,631
20,405,951
8,120,373
1,343,985,544
3,138,890
4,165,900
2,843,073
2,000,000
3,000,000
2,000,000
18,000,000
35,147,863
3,138,890
7,448,523
4,165,900
991,199
2,000,000
7,500,000
5,000,000
18,000,000
48,244,512
24,097,776
47,979,044
10,000,000
150,000,000
30,909,091
1,520,970
19,306,045
283,812,926
1,616,293,179
24,036,815
50,000,000
10,000,000
150,000,000
30,000,000
2,000,000
30,000,000
296,036,815
1,688,266,871
20,035,094,753
20,035,094,753
25,241,572,158
25,241,572,158
1,422,497,335
68,062,785
1,490,560,120
21,525,654,873
1,327,089,604
28,843,298
1,355,932,902
26,597,505,060
Un-quoted
Central Depository Bangladesh Limited (CDBL)
Dhaka Vegetable Oil Industries Limited
Bangladesh Rating Agency Limited
SWIFT
MSF Asset Management Company
Summit Purbanchal Power Company Limited
Summit Uttaranchal Power Company Limited
Venture Investment Partner Bangladesh Limited
Mutual fund
Green Delta Mutual Fund
NCCBL Mutual Fund-1
MBL 1st Mutual Fund
NCCBL Mutual Fund-1
South East Bank 1st Mutual Fund
Trust Bank 1st. Mutual Fund
NLI 1st Mutual Fund
(Annexure 'B' may kindly be seen for details)
8 (a )
Consolidated investments
Government securities
Other investments
Page
123
31.12.2015
Taka
9
Loans and advances

Loans, cash credits, overdrafts etc. (Note-9.1)
Bills purchased and discounted (Note-9.2)
9.1
31.12.2014
Taka
101,775,003,921
3,079,721,609
104,854,725,530
88,739,476,147
2,181,295,881
90,920,772,028
16,818,678,489
19,387,132,066
1,572,206,896
339,615,798
1,809,787,674
11,158,284,051
137,541,692
1,004,876,111
430
158,198,538
52,037,008
1,193,755,224
1,214,686,861
420,568,241
445,696
22,175,903
593,539,383
738,847,120
8,295,090
9,942,704
22,260,819,760
10,295,243,882
1,919,666,267
47,017,338
1,180,654,458
464,344,875
1,374,966,222
6,753,372,699
158,720,017
18,003,371
655,101,566
5,100,608
1,377,885
101,775,003,921
101,775,003,921
-
16,856,594,303
16,143,152,430
2,168,759,274
319,361,289
1,395,715,516
13,926,443,337
149,735,453
430
139,474,580
159,115,208
193,648,228
1,332,835,683
503,349,142
586,100
25,162,991
657,849,422
786,459,743
14,418,549
9,294,360
18,350,059,110
6,171,667,657
1,392,328,115
43,601,146
1,057,326,355
474,270,325
1,876,574,248
4,427,728,108
138,480,912
23,570,921
1,913,212
88,739,476,147
88,739,476,147
-
101,775,003,921
88,739,476,147
83,656
1,895,200,173
1,895,283,829
1,895,283,829
83,656
1,749,301,750
1,749,385,406
1,749,385,406
Loans, cash credits, overdrafts etc.

Inside Bangladesh
Overdraft
Cash credit
Loan - general
Transport loan
House building loan
Loan against trust receipt (LTR)
Loan against imported merchandise (LIM)
Temporary business loan
Loan against investment
Loan against packing credit
Project loan
Demand loan
Lease finance
Payment against document
Consumer finance scheme
Housing loan under B.Bank refinance scheme
Staff loan
Small business loan
House renovation loan
Personal loan scheme
Term loan (small, medium & large)
Time loan
Agri credit
Festival loan
Special housing loan
Credit card
Forced loan
Short term loan
Retail loan
NCCB- Garments wear & foot wear cluster
Loan against EDF
Loan against financial inclusion
Education loan scheme
Outside Bangladesh
9.2
Bills purchased and discounted

Inside Bangladesh
Inland bills purchased
Local documentary bills purchased
Page
124
Outside Bangladesh
31.12.2015
Taka
31.12.2014
Taka
Foreign bills purchased
Foreign documentary bills purchased
9.3
90,920,772,028
3,426,389,345
1,488,795,712
4,915,185,057
86,005,586,971
1,193,755,224
18,077,140,298
19,901,578,892
30,853,460,137
29,572,118,562
5,256,672,418
104,854,725,530
2,070,222,476
13,440,429,569
19,536,439,633
26,781,203,143
17,816,400,961
11,276,076,246
90,920,772,028
65,569,193,366
19,387,132,066
16,818,678,489
1,895,283,829
103,670,287,750
1,184,437,780
104,854,725,530
55,739,729,414
16,143,152,430
16,856,594,303
1,749,385,406
90,488,861,553
431,910,475
90,920,772,028
133,330,000
49,721,588
135,773,000
21,201,738
2,268,285,983
4,445,859,582
23,866,074,597
1,707,223,506
17,893,841,570
4,697,439,581
543,817,796
12,880,207,678
68,302,750,293
36,368,923,649
104,854,725,530
1,311,652,055
4,584,323,900
18,966,108,325
960,070,757
15,370,903,296
4,950,886,449
657,849,422
12,248,697,477
59,050,491,681
31,713,305,609
90,920,772,028
Loans and advances including bills purchased and

discounted classified into the following broad categories
In Bangladesh:
Loans
Cash credit
Overdraft
Outside Bangladesh (Bills purchased & discounted)
9.6
104,854,725,530
4,021,340,788
1,719,322,140
5,740,662,928
99,114,062,602
Residual maturity grouping of loans and advances including

bills purchased and discounted
Repayable on demand
Up to one month
Over three months but less than one year
Over one year but less than five years
Above five years
9.5
61,164,694
61,164,694
370,745,781
431,910,475
2,181,295,881
90,920,772,028
Net loans and advances

Gross loans and advances
Less: Provision for loans and advances
Interest suspense
9.4
65,534,673
65,534,673
1,118,903,107
1,184,437,780
3,079,721,609
104,854,725,530
Loans and advances on the basis of significant concentration including

bills purchased and discounted classified into the following broad categories
I) Advances to allied concerns of Directors of the Bank
II) Advances to chief executive and other senior executives of the Bank
III) Advances to customers' group-wise clients
a) Agricultural loans
b) Export financing
c) Import financing
d) Transport and communication
e) Commercial lending
f ) House building loan
g) Staff Loans other than chief executive and other senior executives
h) Others including bills purchased and discount
IV) Industrial loans (including working capital)
Page
125
31.12.2015
Taka
9.7
Number of clients with outstanding amount and classified loans

and advances exceeding 10% of total capital of the Bank.
Number of the clients
Amount of outstanding advances
Amount of classified advances
Measures taken for recovery
(Annexure 'C' may kindly be seen for details)
9.8
31.12.2014
Taka
13
22,443,700,000
-
11
15,083,700,000
-
64,997,390,138
25,076,029,182
1,127,172,497
550,006,333
1,604,554,924
2,831,770,940
192,221,842
346,308,257
96,725,454,113
54,568,129,223
25,255,747,300
1,105,681,646
733,341,257
640,775,049
2,235,019,027
199,067,389
203,963,317
84,941,724,208
2,967,925,600
3,600,553,203
157,109,827
466,021,546
669,766,550
116,133,067
151,761,624
8,129,271,417
104,854,725,530
1,639,730,716
2,887,408,106
141,171,860
494,461,299
622,777,056
89,595,191
103,903,592
5,979,047,820
90,920,772,028
96,510,269,604
934,501,697
236,069,007
604,586,475
6,569,298,747
104,854,725,530
81,850,771,101
2,334,484,568
442,703,023
678,180,091
5,614,633,245
90,920,772,028
Loans and advances on the basis of geographical location wise

Urban
Dhaka Division
Chittagong Division
Rajshahi Division
Rangpur Division
Sylhet Division
Khulna Division
Barisal Division
Mymensingh Division
Rural
Dhaka Division
Chittagong Division
Rajshahi Division
Rangpur Division
Sylhet Division
Khulna Division
Mymensingh Division
9.9
Classification of loans and advances

Unclassified standard (including staff loans)
Unclassified special mention account
Sub-standard
Doubtful
Bad/Loss
9.10
Particulars of required provision for loans and advances

Status
Base for provision
Rate (%)
A. General Provision
Un-classified loans and advances
Special mention account
94,797,827,113 * Various
934,502,197
do
95,732,329,310
1,118,903,107 1.00%
96,851,232,417
843,125,634
8,550,429
851,676,063
11,189,031
862,865,094
701,866,630
19,370,814
721,237,444
3,707,458
724,944,902
* General provision is kept @ 1% on general loans and advances and 0.25% on small and medium enterprise financing,
2% on certain other types of lending and 5% on consumer financing.
Page
126
B. Specific provision
Sub-standard - general
Sub-standard - agri
Doubtful
Bad/ Loss
Specific provision
Sub-standard
Doubtful
Bad/ Loss
Base for provision
Rate (%)
31.12.2014
Taka
31.12.2015
Taka
88,591,973
1,944,986
212,365,094
3,045,666,534
3,348,368,587
20
5
50
100
17,718,395
97,249
106,182,547
3,045,666,534
3,169,664,725
50,950,978
188,097,416
2,466,103,507
2,705,151,901
3,348,568,587
20
50
100
3,169,664,725
4,032,529,819
4,032,529,819
2,705,151,901
3,430,096,803
3,430,096,803
Required provision for loans and advances

Total provision maintained
Excess /(short) provision
Particulars of required provision on off -balance sheet exposure

Base for provision
11,492,348,389
Acceptance and Endorsements
13,769,401,350
Letter of guarantee
8,988,152,644
Letter of credit
3,035,743
Others
Required provision on off -balance sheet exposure
Total provision maintained (Note-14.6)
Excess/ (short) provision
9.11 Particulars of loans and advances
i) Loans considered good in respect of which the bank is fully secured
ii) Loans considered good against which the bank holds no other security other
than the debtor's personal guarantee
iii) Loans considered good and secured by the personal security of one
or more parties in addition to the personal guarantee of the debtors
iv) Loans considered doubtful or bad not provided for
* v) Debts due by directors or officers of the bank or
any of them either severally or jointly with any other persons
Rate ( 1%)
114,923,484
137,694,013
89,881,526
30,357
117,717,299
113,951,231
108,900,496
4,646,674
342,529,381
342,529,381
345,215,700
2,686,319
345,215,700
345,215,700
345,215,700
-
58,103,127,788
66,768,977,092
10,765,311,688
7,638,635,352
35,986,286,054
16,513,159,584
104,854,725,530
90,920,772,028
593,539,384
657,849,422
133,330,000
135,773,000
* Amount represents loans to employees of the Bank only.

vi) Debts due by companies or firms in which the directors of the Bank are interested as
directors, partners or managing agent or in case of private companies as members
Page
127
31.12.2015
Taka
31.12.2014
Taka
vii) Maximum total amount of advances, including temporary advances made

at any time during the year to directors or managers or officers of the bank
or any of them either severally or jointly with any other persons.
660,335,370
657,849,422
viii) Maximum total amount of advances, including temporary advances, granted

during the year to the companies or firms in which the directors of
the bank are interested as directors, partners or managing agents or,
in case of private companies as members.
133,330,000
135,773,000
ix)
Due from banking companies
x)
Amount of classified loans for which interest/profit not credited to income
xi)
7,409,954,229
6,735,516,359
a) Increase/(decrease) of provision (specific) during the year
464,512,824
41,757,214
b) Amount of provision kept against the amount classified

as bad/loss at the Balance Sheet preparing date.
c) Amount of interest charged in interest suspense account
3,045,666,534
1,719,322,140
2,466,103,507
1,488,795,712
3,884,987,676
823,011,680
4,707,999,356
2,887,200,735
997,786,941
3,884,987,67
14,573,045
11,873,927
823,011,680
997,786,941
Cumulative amount of written off debt

Opening balance
Add: Amount of debt written off during the year
Closing balance
Recoveries of amount previously written off loan during the year
xii) Amount of written off debt against which law suit has
been filed for its recovery during the year
9.12 Outstanding bad & loss loans to be written off
Bangladesh Bank issued a circular no.02 dated 13 January 2003 instructing all banks in the country to write off bad &
loss loans which have passed five years after its classification and legal actions have been taken against all those
default borrowers with an immediate effect. In compliance with the circular, the Bank formed a Debt Collection Unit in
its Head Office from where monitoring has been made accordingly. During the year, the Bank allowed write off
amounting to Tk. 823,011,680/- against which legal actions have been lying with the money suit court. In this
connection, branches have been maintained a separate ledger for all individual cases. The debt collection unit will
follow-up the realization of such debts in future also and time to time a progress report to be given to the management
by the branches.
9.13 Bills purchased and discounted
a) Payable
In Bangladesh
Outside Bangladesh
b)
1,895,283,829
1,184,437,780
3,079,721,609
1,749,385,406
431,910,475
2,181,295,881
850,422,500
1,819,997,363
408,915,855
385,891
3,079,721,609
572,113,821
513,501,843
303,678,000
792,002,217
2,181,295,881
Bills purchased & discounted on the basis of the residual maturity grouping
Payable
Within one month
Over one month but less than three months
Over three months but less than six months
Over six months
Page
128
9 (a) Consolidated loans and advances
31.12.2014
Taka
31.12.2015
Taka
Loans, cash credits, overdrafts etc.

NCCB Securities and Financial Services Limited.
Less : Inter company transactions
101,775,003,921
5,000,937,450
106,775,941,371
1,884,162,092
104,891,779,279
88,739,476,147
4,607,372,304
93,346,848,451
1,761,631,457
91,585,216,994
3,079,721,609
3,079,721,609
3,079,721,609
107,971,500,888
2,181,295,881
2,181,295,881
2,181,295,881
93,766,512,875
2,628,177,518
2,628,177,518
2,573,252,105
2,573,252,105
451,906,672
1,332,825,665
610,596,227
761,097,047
381,656,938
123,284,446
3,661,366,995
1,033,189,478
2,628,177,518
451,906,660
1,306,341,148
499,243,637
706,583,454
328,973,787
98,144,716
3,391,193,402
817,941,297
2,573,252,105
2,628,177,518
13,787,086
2,641,964,604
2,573,252,105
16,590,351
1,873,195
2,591,715,651
Bills purchased and discounted

NCCB Securities and Financial Services Limited.
Less : Inter company transactions
10
Fixed assets including premises, furniture and fixtures

Conventional banking (Note-10.1)
Off-shore banking unit (Note-10.2)
10.1 Fixed assets including premises, furniture and fixtures

Cost/valuation
Land
Buildings/apartments/structure
Furniture and fixtures
Machinery and equipment
Computer equipment
Vehicles
Total Cost / valuation
Less: Accumulated depreciation
Net book value at the end of the year
(Annexure 'D' may kindly be seen for details)
10.2 Off-shore banking unit
10(a) Consolidated fixed assets including premises, furniture and fixture

NCC Bank Limited (Note-10)
Page
129
31.12.2015
Taka
11
31.12.2014
Taka
Other assets
3,907,929,862
15,537,425
3,923,467,287
4,066,540,264
10,555,062
4,077,095,326
1,999,999,900
249,999,900
2,249,999,800
1,999,999,900
249,999,900
2,249,999,800
2,249,999,800
27,878,908
2,277,878,708
8,960,384
3,309,514
3,865,204
175,839,604
40,817,438
57,200
162,217
786,934
15,169,065
140,378,949
499,698,497
9,391,048
627,600,170
131,893,838
1,657,930,062
3,907,929,862
9,483,941
3,170,134
4,825,320
146,136,367
7,656,957
52,168,785
8,500
162,217
1,855,170
3,000,000
18,469,774
59,416,347
587,393,866
6,805,328
723,882,869
164,225,981
1,788,661,556
4,066,540,264
120,273,949
19,200,000
5,000
900,000
140,378,949
43,356,984
16,000,000
59,363
59,416,347
11.1 Conventional banking

Income generating other assets
Investment in subsidiaries
In Bangladesh
Outside Bangladesh
Non-income generating other assets
Stationery in hand
Stamps in hand
Security deposits
Advance against rent
Commission receivable
Software
Prepaid expenses
ATM adjustment
Visa card SBL
Building construction
Receivable against sale proceeds of shares
Suspense account (Note-11.2 )
Interest receivable ( Note 11.3 )
Dividend receivable (Note-11.4)
Advance corporate tax (Note-11.5)
Others ( Note-11.6 )
11.2 Suspense account

Encashment sanchaypatra awaiting realization
Cash remittance
DD paid without advice
Clearing adjustment
Page
130
11.3 Interest receivable

On loans and advances
On treasury bills/bonds
On subordinate bonds
On bank balances/financial institutions/Others
31.12.2015
Taka
31.12.2014
Taka
6,358,144
474,324,610
10,160,076
8,855,667
499,698,497
583,488,803
3,905,063
587,393,866
9,391,048
9,391,048
6,805,328
6,805,328
97,140,517
9,684,346
8,222,156
505,052,988
7,500,163
627,600,170
421,023,052
12,672,950
2,476,046
279,880,646
7,830,175
723,882,869
284,524
891,655
5,175,850
14,807,525
29,000
56,934,365
2,426,615
15,737,491
935,049
7,960,716
2,967,416
439,211
2,807,812
333,519
718,740
11,148
4,264,471
300
850,000
6,549,722
780,000
2,437,261
96,830
3,753,632
20,918
449,500
230,569
131,893,838
489,481
1,286,000
45,000
9,991,329
21,719,616
1,904
336,678
45,310,429
429,723
15,737,491
9,569,019
3,184,648
1,979,784
100
868,679
15,000
379,977
380,389
4,239,532
15,275
300
850,000
4,712,920
26,701,978
11,693,321
441,595
813,121
2,268,390
563,500
200,802
164,225,981
11.4 Dividend receivable

Dividend Receivable from NCCB Securities and Financial Services Limited
Dividend receivable from listed companies
11.5 Advance corporate tax
Advance tax at source on treasury bills/ bonds
Advance tax at source on dividend
Advance tax at source on bank interest
Advance income tax deposited by Bank
5% Advance income tax paid on L/C commission
11.6 Others
Advance against TA/DA
Legal expenses
Kushiara Financial Services Ltd.-London
Money Gram
Proposed branches expenses
Prefunding to TMSS
Transmit international Inc. USA
UAE exchange
Sundry debtors
Trans fast remittance LLC
Protested bill
AFX Fast Remit
Prefunding to Ansar -VDP
Xpress Money
Al-Fardan Exchange Co.L.L.C
Habib Xpress MT
Placid Express
Samso's Express Money Transfer
Continental Exchange Solutions (Ria)
Wall Street
Japan Remit Finance Co. Ltd.
Al Zaman Exchange
IME (M) SDN.BHD.
Prefunding to SME Noria
NCCB sure cash
Advance for booking money agt.DSE Tower
Western Union
NEC Money Transfer Spain
Arab National Bank
National Exchange Company S.r.l
Sigue Global Services Ltd
Consolidated CMS Br.POS Trx.
Others
Page
131
11(a) Consolidated other Assets

Less: Investment in NCCB Securities and Financial Services Limited (Note-11.1)
Less: Investment in NCCB Capital Limited (Note-11.1)
Less: Investment in NCCB Exchange (UK) Limited (Note-11.1)
12
31.12.2015
Taka
31.12.2014
Taka
3,923,467,287
(1,999,999,900)
(249,999,900)
1,673,467,487
249,528,005
5,156,780
254,684,785
1,928,152,272
1,928,152,272
4,077,095,326
(1,999,999,900)
(249,999,900)
(33,709,200)
1,793,386,326
218,703,243
4,957,284
794,603
224,455,130
2,017,841,456
3,577,757
2,014,263,699
5,219,487,863
346,319,259
5,565,807,122
4,597,428,859
378,096,790
4,975,525,649
3,458,943,055
25,000,000
120,000,000
400,000,000
370,000,000
200,000,000
230,000,000
4,803,943,055
3,152,439,590
25,000,000
150,000,000
1,101,530,000
4,428,969,590
289,397,439
26,694,108
71,771,611
453,732
1,359,976
6,813,939
19,054,003
415,544,808
5,219,487,863
18,861,995
44,865,481
26,233,574
33,846,998
6,864,714
9,408,739
28,377,768
168,459,269
4,597,428,859
346,319,259
378,096,790
4,803,943,055
415,544,808
5,219,487,863
4,428,969,590
168,459,269
4,597,428,859
Borrowing from other banks, financial institutions and agents

12.1 Borrowing from other banks, financial institutions and agents

In Bangladesh
Bangladesh Bank
SME Foundation
Prime Bank Limited
State Bank of India
Bank Asia Limited
Repo (ALS) with Bangladesh Bank
Outside Bangladesh
ICICI Bank Ltd., Kolkata
Standard Chartered Bank, N.Y
Wells Fargo Bank , N.A., New York
ICICI Bank Ltd., USA
ICICI Bank Ltd., HKK
Sonali Bank(UK) Limited, London
Sonali Bank Limited, Kolkata
Mashreqbank Psc,Mumbai
Mashreq Bank, New York
(Annexure 'E' may kindly be seen for details)
12.3 Security against borrowings from other banks, financial institutions and agents
Secured
Unsecured
Page
132

Secured
Unsecured
31.12.2015
Taka
31.12.2014
Taka
346,319,259
346,319,259
5,565,807,122
378,096,790
378,096,790
4,975,525,649
1,320,000,000
861,448,280
803,981,958
258,339,802
1,499,495,372
822,541,710
5,565,807,122
1,710,570,589
56,415,470
87,515,470
221,926,457
1,010,309,020
1,888,788,643
4,975,525,649
5,565,807,122
1,884,162,092
7,449,969,214
1,884,162,092
5,565,807,122
4,975,525,649
1,811,631,457
6,787,157,106
1,761,631,457
5,025,525,649
7,952,109,673
3,166,619,111
11,118,728,784
15,519,149,153
45,151,188,780
6,573,220,062
2,975,601,379
9,548,821,441
12,989,595,636
45,696,085,137
8,866,436,701
16,421,286,186
4,152,107,661
6,696,096
8,915,650,853
607,947,745
71,737,019
8,916,929
39,050,779,190
7,107,984,035
14,814,071,367
4,402,728,272
274,853,642
200,000
8,272,392,501
550,703,355
7,554,207
35,430,487,379
1,834,621,125
47,743,343
1,882,364,468
112,722,210,375
1,954,320,150
84,304,367
2,038,624,517
105,703,614,110
14,397,816,676
14,397,816,676
12,756,509,566
12,756,509,566
12.4 Borrowings from other banks, financial institutions and agents

(according to remaining maturity grouping) payable
On demand
In not more than three months
Over three months but less than six months
In more than six months but not more than one year
In more than one year but not more than five years
Above five Years
12 (a) Consolidated borrowing from other banks, financial institutions and agents
Less: inter company transactions
13

Current deposits
Sundry deposits (Note 13.4)
Saving deposits
Fixed deposits
Term deposits:
Special notice deposits
Special savings scheme
Special deposit scheme
Premium term deposits
Instant earning term deposits
Money double program
Money triple program
NFCD Account-GBP
NCCB youngster maximus
Bills Payable
Payment order (issued)
Pay slip
Demand draft
13.1 (a) Demand deposits

Deposit from banks
Deposit from customers
Page
133
b) Other deposits
Deposit from banks
In fixed deposits accounts
Premier Bank Ltd.
Deposit from customers
31.12.2015
Taka
31.12.2014
Taka
98,324,393,699
112,722,210,375
312,000,000
312,000,000
92,635,104,544
105,703,614,110
112,722,210,375
112,722,210,375
105,703,614,110
105,703,614,110
13.2 Deposits and other accounts

Conventional banking (Note-13)
13.3 (a) Residual maturity grouping of deposits
From other banks
Payable
On demand
Within one month
In more than one month but less than six months
In more than six months but less than one year
In more than one year but within five years
In more than five years but within ten years
312,000,000
312,000,000
(b) From other than banks

Payable
On demand
Within one month
In more than one month but less than three months
In more than three months but less than one year
In more than one year but within five years
In more than five years but within ten years
14,553,008,167
4,808,888,444
24,312,760,163
28,548,852,090
32,783,066,757
7,715,634,754
112,722,210,375
112,722,210,375
10,717,885,048
5,310,723,350
23,699,602,570
23,079,340,830
24,237,651,715
18,346,410,597
105,391,614,110
105,703,614,110
265,405,306
19,612,807
597,268,396
918,309,283
37,040,951
16,472
187,522,930
8,977,253
37,079,371
689,004,318
12,102,324
26,000
19,125,214
32,573,545
439,379
41,343,896
77,353
120,510
700,388
224,076,530
208,875,395
615,614,878
807,903,655
47,063,299
16,472
159,581,701
16,978,524
24,065,000
56,146,830
372,931,751
13,374,332
26,992,094
353,493
102,353,608
40,437,071
4,694,973
439,379
1,270,865
45,112,469
160,230
11,488,173
626,752
1,172,709
36,918,295
13.4 Sundry deposits

Sundry creditors
Clearing adjustment
Margin on letters of guarantee
Margin on letters of credit
Security deposits against locker
Foreign correspondents charge
Credit balance in CC, SOD, loan etc.
Collection account
Sanchaypatras
Money gram
LDBP, export bill/ proceeds
Security deposit receipts
U.A.E. exchange
Placid express
FC, FCY retention quota
Cash risk allowance/fund
Majan exchange
Three star remittance
Fast remit exchange house PTY, Australia
Advance rent on lease finance
First solution money transfer
Al-Fardan exchange Co.L.L.C.
Habib qatar
K.M. financial services, London
Arab national bank (KSA)
Page
134
31.12.2015
Taka
Wall street exchange
Dhaka janata express
Visa credit card & others
Foreign remittance
Retained comm.from remittance
Provident fund
Credit card deposit A/c.
Alternative cash assistance
Zenj exchange
SMS banking charge
National exchange co.
IME(M) SDN.BHD
Al Zaman exchange
Transmit international inc. USA
Al Mulla international exchange
Kushiara financial services ltd.-London
Samso,s express money transfer
Western union
AN express UK
Japan remit finance co. ltd.
NEC money transfer, Spain
Benevolent fund
Bluestar services
NCCB sure cash consolidated
Sigue global services ltd.
Enquiry charge of CIB
GS money transfer bedford, UK
Trans fast remittance LLCC
Islamic exchange co.
Continental exchange solutions (Ria)
Unclaimed block account balances for 10 years & above
Bangladesh Bank bach & clearing charge
Internet banking charge
Prefunding to TMSS
Debit card
NCCB visa debit card
Vostro account
Others
31.12.2014
Taka
8,472
1,793,246
3,322,439
45,112,539
3,437,703
12,038,032
3,549,930
89,475
4,000
10,858,965
2,021
60,945
1,157,109
513,315
2,457,113
21,783
500
45
3,209,990
130,860
10,850
511,334
4,140,700
3,520,972
202,001,316
1,919,761
3,166,619,111
7,234,352
1,793,246
2,321,629
20,588,996
102,766
30,145,090
4,012,414
89,475
2,014,496
8,848,427
161,187
15,080,198
4,603,945
36,054
2,092,665
60,945
1,157,169
3,442,674
513,315
727,103
16,088,539
1,601,935
30,081
500
1,211,997
1,244,415
2,206,285
4,934,275
2,944,250
11,590,796
1,400
350,917
470,095
7,096,485
1,122,500
1,032,285
2,975,601,379
11,118,728,784
66,919,132
11,285,647,916
402,846,468
10,882,801,448
9,548,821,441
31,722,794
9,580,544,235
277,130,441
9,303,413,794
1,882,364,468
1,882,364,468
2,038,624,517
2,038,624,517
15,519,149,153
15,519,149,153
12,989,595,636
12,989,595,636
13 (a) Consolidated deposits and other accounts

Bills payable
Page
135
Fixed deposits
31.12.2015
Taka
31.12.2014
Taka
45,151,188,780
45,151,188,780
45,151,188,780
45,696,085,137
45,696,085,137
45,696,085,137
39,050,779,190
39,050,779,190
39,050,779,190
112,486,283,039
35,430,487,379
35,430,487,379
35,430,487,379
105,458,206,463
12,416,107,564
11,189,031
12,427,296,595
10,227,531,760
3,707,458
10,231,239,218
3,783,642,117
113,622,426
35,029,090
6,315,902
130,000,000
230,000
102,300,734
124,362,842
65,725,526
26,862,245
1,315,257,199
462,546,722
4,021,340,788
345,215,700
1,719,322,140
25,000,000
120,092,129
19,242,004
12,416,107,564
2,525,683,096
100,230,352
16,631,458
3,700,941
172,500
185,295,934
254,763,149
61,313,613
23,481,561
1,123,003,802
516,917,664
3,426,389,345
345,215,700
1,488,795,712
25,000,000
110,270,549
16,723,725
3,942,659
10,227,531,760
23,481,561
3,426,147
(45,463)
26,862,245
23,481,561
23,481,561
Term deposits
14
Other liabilities
Interest payable of off-shore banking unit

Other liabilities
Interest payable
Excise duty
Special reserve of garments accounts
Liability for expenses
Incentive bonus payable
Audit fee payable including VAT
Withholding tax payable
Inter branch transaction account
Deduction of VAT on LC commission and service charges
Provision for other assets ( Note-14.2)
Provision for income tax ( Note-14.3)
Deferred tax liabilities (Note-14.4.1)
Provision for loans and advances (Note -14.5 )
Provision on off balance sheet items (Note-14.6)
Interest suspense account (Note-14.8 )
Contribution to NCC Bank Foundation (Note-14.9)
Provision for gratuity (Note-14.10)
Reserve for unforeseen loss
Inter bank transaction account
14.2 Provision for other assets
Opening balance
Add: Provisions made during the year
Less: Adjustment
Closing balance
Page
136
31.12.2015
Taka
31.12.2014
Taka
14.3 Provision for income tax

Opening balance
Add: Provision made for current tax
Provision for prior years tax
Less: Adjustment during the year

Closing balance
Year wise unadjusted balance of provision for income tax
Accounting year
Assessment year
2001
2002-2003
2003
2004-2005
2010
2011-2012
2011
2012-2013
2013
2014-2015
2014
2015-2016
2015
2016-2017
14.4 Consolidated provision for income tax
Opening balance
Add : Provision made for NCC Bank Limited
Add : Provision made for prior years for NCC Bank Limited
Add : Provision made for NCCB Securities and Financial Services Limited
Add : Provision made for NCCB Capital Limited
1,123,003,802
1,006,720,846
(113,459,035)
893,261,811
2,016,265,613
701,008,414
1,315,257,199
2,648,380,414
749,661,486
119,694,168
869,355,654
3,517,736,068
2,394,732,266
1,123,003,802
837,075
79,740,525
19,369,164
12,149,862
114,234,364
195,664,398
893,261,811
1,315,257,199
837,075
79,740,525
19,369,164
12,149,862
141,551,522
869,355,654
1,123,003,802
1,329,406,690
1,006,720,846
(113,459,035)
1,094,359
894,356,170
701,008,414
1,522,754,446
2,846,903,652
749,661,486
119,694,168
7,879,650
877,235,304
2,394,732,266
1,329,406,690
14.4.1 Deferred tax

Deferred tax liabilities 2015
Particulars of liabilities
Revaluation portion of land & building
Building/apartments
Machinery & equipment
Local software
Accrued interest on Govt. securities
Total temporary difference (taxable)
Rate
As per
carrying value
453,736,611
1,132,131,694
523,471,990
40,817,438
474,324,610
2,624,482,343
As per tax base

713,261,932
306,538,306
10,105,671
1,029,905,909
Taxable temporary
difference
453,736,611
418,869,762
216,933,684
30,711,767
474,324,610
1,594,576,434
40% & 4%
575,020,364
Deferred tax liabilities 2014

Particulars of liabilities
Revaluation portion of land & building
Building/apartments
Local software
Vehicles
Accrued interest on Govt. securities
Furniture & Fixture
Total temporary difference taxable
Rate
As per
carrying value
457,163,618
1,133,681,906
554,459,779
22,959,134
29,682,351
570,316,782
302,980,451
3,071,244,021
As per tax base

768,971,455
317,631,495
12,479,388
28,384,685
299,628,488
1,427,095,511
Taxable temporary
difference
457,163,618
364,710,451
236,828,284
10,479,746
1,297,666
570,316,782
3,351,963
1,644,148,510
42.5% & 4%
623,300,094
Page
137
31.12.2014
Taka
31.12.2015
Taka
Opening balance
Add: Provision for revaluation reserve on land & building
Less: Reverse provision for revaluation on land & building
Addition during the year
Adjustment made during the year
Closing balance
623,300,094
623,300,094
623,300,094
623,300,094
48,279,730
575,020,364
394,071,688
48,405,248
442,476,936
442,476,936
180,823,158
623,300,094
623,300,094
Deferred tax assets 2015

Particulars of assets
Furniture and Fixtures
* Vehicles
Provision for gratuity
Total temporary difference (deductible)
Rate
Deferred tax assets
As per
carrying value
372,873,900
31,127,435
(484,456,414)
(120,092,129)
(26,486,245)
(227,033,453)
As per tax base

379,449,214
37,667,748
417,116,962
Deductible temporary
difference
(6,575,314)
(6,540,313)
(484,456,414)
(120,092,129)
(26,486,245)
(644,150,415)
40% &10%
112,473,642
* Determination of carrying value of vehicles considered as value mentioned in Third Schedule of ITO 1984.
Deferred tax assets 2014
Particulars of assets
Furniture & fixture
Total temporary difference deductible
Rate
Deferred tax assets
As per
carrying value
(110,270,549)
(495,377,836)
(23,481,561)
(629,129,946)
Opening balance
Adjustment made during the year
Closing balance
Net deferred tax (assets)/liabilities
Net deferred tax (income)/ expense charged to P/L
14.5 Provision for loans and advances
As per tax base

-
Deductible temporary
difference
(110,270,549)
(495,377,836)
(23,481,561)
(629,129,946)
42.50% & 10%
106,382,430
106,382,430
106,382,430
(6,091,212)
112,473,642
55,352,860
51,029,570
106,382,430
106,382,430
462,546,722
(54,370,942)
516,917,664
129,793,588
2,705,151,901
(980,392,620)
14,573,045
1,430,332,399
3,169,664,725
2,663,394,687
(1,010,025,120)
11,873,927
1,039,908,407
2,705,151,901
721,237,444
130,438,619
851,676,063
4,021,340,788
668,166,117
53,071,327
721,237,444
3,426,389,345
a) Movement in specific provision on classified loans and advances

Opening balance
Fully provided debt written off
Add: Recoveries of amount previously written off
Net charged to profit and loss account
Provision held at the end of the year
b) Movement in general provision on unclassified loans and advances
Opening balance
Add: Provision made for the year/net charge in profit and loss account
Adjustment during the year
Total (a+ b)
Page
138
14.5.1 Consolidated provision for loans and advances charged to profit and loss account
31.12.2015
Taka
31.12.2014
Taka
a) Specific provision on classified loans and advances

NCC Bank Limited
1,430,332,399
10,000,000
1,440,332,399
1,039,908,407
10,000,000
1,049,908,407
130,438,619
130,438,619
1,570,771,018
53,071,327
53,071,327
1,102,979,734
345,215,700
345,215,700
274,615,302
70,600,398
345,215,700
3,707,458
7,481,573
11,189,031
206,965
3,500,493
3,707,458
1,488,795,712
874,818,462
(475,283,707)
(169,008,327)
1,719,322,140
979,431,588
699,371,390
(93,844,587)
(96,162,679)
1,488,795,712
25,000,000
25,000,000
50,000,000
25,000,000
25,000,000
20,000,000
25,000,000
45,000,000
20,000,000
25,000,000
110,270,549
120,092,129
(110,270,549)
120,092,129
97,675,715
110,270,549
(97,675,715)
110,270,549
12,427,296,595
1,442,626,154
5,168,280
13,875,091,028
13,875,091,028
10,231,239,218
1,003,449,532
17,648,110
7,723,411
11,260,060,271
3,577,752
11,256,482,519
b) Movement in general provision on unclassified loans and advances

NCC Bank Limited
Total (a+b)
14.6 Provision on off-balance sheet items
Opening balance
Closing balance
14.7 Provision for Off-shore banking unit
Opening balance
Add: Provision made for the year/net charge in profit and loss account
Adjustment during the year
14.8 Interest suspense account
Opening balance
Add: Amount transferred during the year
Less: Amount recovered during the year
Less: Amount written off during the year
Closing balance
14.9 Contribution to NCC Bank Foundation (NCCBF)
Opening balance
Add: Contribution during the year
Closing balance
14.10 Provision for gratuity
Opening balance
Less: Adjusted/transferred to Fund
Closing balance
14(a) Consolidated other liabilities
Page
139
15
31.12.2015
Taka
Share capital
31.12.2014
Taka
15.1 Authorized share capital

1,000,000,000 ordinary shares @ of Tk. 10 each
10,000,000,000
10,000,000,000
390,000,000
6,997,344,330
1,444,835,700
8,832,180,030
390,000,000
6,194,418,880
1,444,835,700
8,029,254,580
15.2 Issued, subscribed and fully paid-up capital

39,000,000 Ordinary shares of Tk 10 each issued for cash
699,734,433 Ordinary shares of Tk 10 each issued as bonus
144,483,570 Ordinary shares of Tk 10 each issued as right share in Cash
88,321,8003 Ordinary shares of Tk 10 each
15.3
History of paid-up capital of NCC Bank Limited

Accounting Year
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2005
2006
2007
2008
2009
2010
2010
2011
2012
2013
2014
15.4
Declaration
Opening capital
Initial public offer (IPO)
10% Bonus Share
12% Bonus Share
15% Bonus Share
10% Bonus Share
30% Bonus Share
50% Right Share
10% Bonus Share
12.50% Bonus Share
30% Bonus Share
30% Bonus Share
47% Bonus Share
50% Right Share
32% Bonus Share
17% Bonus Share
10% Bonus Share
5% Bonus Share
10% Bonus Share
No. of Share
19,500,000
19,500,000
3,900,000
5,148,000
7,207,200
5,525,520
18,234,210
30,238,570
10,925,350
15,022,350
40,560,360
52,728,460
107,390,300
114,245,010
144,040,105
101,008,123
69,517,355
38,234,545
80,292,545
883,218,003
Value of capital
195,000,000
195,000,000
39,000,000
51,480,000
72,072,000
55,255,200
182,342,100
302,385,700
109,253,500
150,223,500
405,603,600
527,284,600
1,073,903,000
1,142,450,100
1,440,401,050
1,010,081,230
695,173,550
382,345,450
802,925,450
8,832,180,030
Cumulative
195,000,000
195,000,000
195,000,000
195,000,000
195,000,000
195,000,000
390,000,000
429,000,000
480,480,000
552,552,000
607,807,200
790,149,300
1,092,535,000
1,201,788,500
1,352,012,000
1,757,615,600
2,284,900,200
3,358,803,200
4,501,253,300
5,941,654,350
6,951,735,580
7,646,909,130
8,029,254,580
8,832,180,030
% of shareholdings as on 31 December 2015

Particulars
Local sponsors
Foreign investors
General shareholder
Page
140
No of share
258,859,163
103,796,798
1,595,027
518,967,015
883,218,003
% of holdings
29.31
11.75
0.18
58.76
100.00
2,588,591,630
1,037,967,980
15,950,270
5,189,670,150
8,832,180,030
2,381,516,570
825,959,850
15,538,090
4,806,240,070
8,029,254,580
15.5
Range wise shareholdings as on 31 December 2015

Range of holding of shares
No. of share holders
Less than 5,000

5,001 to 10,000
10,001 to 20,000
20,001 to 30,000
30,001 to 40,000
40,001 to 50,000
50,001 to 100,000
100,001 to 200,000
200,001 to 300,000
300,001 to 400,000
400,001 to 500,000
500,001 to 1,000,000
1,000,001 to 10,000,000
10,000,001 to 100,000,000
Total
66,167
5,134
2,527
730
351
204
430
210
67
49
26
56
77
17
76,045
31.12.2015
Taka
% of shares holding
8.68
4.14
4.01
2.03
1.39
1.05
3.44
3.27
1.85
1.94
1.33
4.53
26.18
36.16
100.00
31.12.2014
Taka
No. of shares
76,644,361
36,522,177
35,400,513
17,959,547
12,309,243
9,273,284
30,394,158
28,875,937
16,354,040
17,143,871
11,736,260
40,007,769
231,247,755
319,349,088
883,218,003
15.6 Capital to Risk-Weighted Asset Ratio (CRAR) (Solo Basis)

i) Core capital (Tier- i)
a) Common Equity Tier 1
Paid-up capital
Statutory reserve -(Note-16)
General reserve -(Note-17)
Surplus in profit & loss account -(Note-19)
8,832,180,030
5,224,066,591
10,162,348
1,165,936,113
15,232,345,081
15,232,345,081
8,029,254,580
4,783,513,367
10,162,348
1,042,173,555
13,865,103,850
13,865,103,850
A) Total capital (Tier-i+Tier-ii)
851,676,063
345,215,700
11,189,031
20,856,792
171,301,883
1,400,239,469
38,431,735
1,361,807,734
16,594,152,814
721,237,444
345,215,700
3,707,458
20,856,792
171,301,883
1,262,319,277
1,262,319,277
15,127,423,127
Total assets including off-balance sheet items
180,622,890,476
169,681,093,516
B) Total risk weighted assets

(Details computation of RWA shown in Annexure-G)
122,752,603,980
112,720,555,000
C) Required capital ( 10% of total risk weighted assets)
12,275,260,398
11,272,055,500
D) Surplus (A-C)
4,318,892,416
3,855,367,627
13.52%
13.42%
b) Additional Tier 1 Capital

ii) Supplementary capital (Tier- ii)
General provision on unclassified Loan (Note-14.5(b)
General provision for off-balance sheet exposures (Note-14.6)
General Provision for off-shore banking unit (Note-14.7)
Revaluation reserve on Govt. securities
Assets revaluation reserve
Less: Regulatory adjustment for assets revaluation
Capital adequacy ratio
Page
141
31.12.2014
Taka
31.12.2015
Taka

Capital
requirement
Tier-I
Tier-II
Total
2015
2014
Required
Held
Required
Held
5.50%
4.50%
10.00%
12.41%
1.11%
13.52%
5.00%
5.00%
10.00%
12.30%
1.12%
13.42%
15.7 Capital Adequacy Ratio (Consolidated Basis)

i) Core capital (Tier- i)
a) Common Equity Tier 1
Paid-up capital
Statutory reserve (Note-16)
General reserve (Note-17)
Non-controlling (Minority) interest (Note-15.8)
Surplus in profit & loss account (Note-19(a)
8,832,180,030
5,224,066,591
10,162,348
205
1,194,919,713
15,261,328,887
15,261,328,887
8,029,254,580
4,783,513,367
10,162,348
215
1,046,694,283
13,869,624,792
13,869,624,792
A) Total capital (Tier-i+Tier-ii)
851,676,063
345,215,700
11,189,031
20,856,792
171,301,883
1,400,239,469
38,431,735
1,361,807,734
16,623,136,620
721,237,444
345,215,700
3,707,458
20,856,792
171,301,883
1,262,319,277
1,262,319,277
15,131,944,069
Total assets including off-balance sheet items
181,863,741,379
170,518,122,459
B) Total risk weighted assets
125,135,235,171
114,375,440,000
C) Required capital ( 10% of risk weighted assets)
12,513,523,517
11,437,544,000
D) Surplus/(deficit) (A-C)
4,109,613,103
3,694,400,069
13.28%
13.23%
b) Additional Tier 1 Capital

ii) Supplementary capital (Tier- ii)
General provision on unclassified loan (Note-14.5(b))
General provision for off-balance sheet exposures (Note-14.6)
General Provision for off-shore banking unit (Note-14.7)
Revaluation reserve on Govt. securities
Assets revaluation reserve of total
Less: Regulatory adjustment for assets revaluation
(Details computation of RWA shown in Annexure-G)

Capital
requirement
Tier-I
Tier-II
Total
Page
142
2015
2014
Required
Held
Required
Held
5.50%
4.50%
10.00%
12.20%
1.09%
13.28%
5.00%
5.00%
10.00%
12.13%
1.10%
13.23%
31.12.2015
Taka
15.8

Share capital
Profit attributable during the year
Adjustment
Final dividend paid
15.9
215
(10)
205
215
215
Name of the directors and their shareholdings:

Sl.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
16
31.12.2014
Taka
Name of Directors
Mr. S.M. Abu Mohsin

Mrs. Sohela Hossain
Mr. A.S.M. Mainuddin Monem
Mr. Md. Abdul Awal
Mr. Abdus Salam
Mr. Yakub Ali
Mr. Md. Abul Bashar
Mr. Md. Moinuddin
Mr. K.A.M. Harun
Mr. Md. Amirul Islam FCS, FCA
Status with Bank

as on 31.12.2015
Position as on
31.12.2015
Position as on
31.12.2014
Chairman
Vice Chairman
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
17,789,128
17,715,472
17,669,257
18,566,625
17,680,444
18,557,753
17,666,512
18,043,901
18,568,275
19,616,314
44,172,058
23,007,683
249,053,422
16,403,547
16,062,961
16,878,750
16,073,131
16,171,936
16,870,685
16,104,975
16,060,466
16,880,250
17,833,013
20,047,301
20,916,076
206,303,091
Statutory reserve
Opening balance
Adjustment for OBU*
Addition during the year (20% of pre-tax profit)
Closing balance
4,783,513,367
11,703
440,541,521
5,224,066,591
4,283,417,675
500,095,692
4,783,513,367
*Adjustment has been made for error in OBU during the year which was not incorporated in Financial Statements of 2013
17
General reserve
Opening balance
Less : Adjusted during the year
Closing balance
10,162,348
10,162,348
10,162,348
10,162,348
Page
143
18
Other reserves
31.12.2015
Taka
31.12.2014
Taka
18.(a) Assets revaluation reserve on land and building

Opening balance
Less : Adjustment for Provision for deferred tax
Less: Depreciation on revalued amount transferred to retained earnings
Add: Reverse deferred tax on revaluation on land
Add: Addition during the year
342,603,766
342,603,766
3,427,007
339,176,759
339,176,759
339,176,759
394,523,892
48,405,248
346,118,644
3,514,878
342,603,766
342,603,766
342,603,766
41,713,583
154,237,985
152,580,807
1,657,178
(120,474,720)
(1,520,310)
(118,954,410)
75,476,848
414,653,607
4,097,898
161,515,485
8,007,887
151,156,851
2,350,747
(123,899,800)
(123,899,800)
41,713,583
384,317,349
(276,637)
2,510
7,913,698
7,639,571
2,518
(279,155)
(276,637)
18.(b) Revaluation reserve on Govt. securities (treasury bills & bonds)

Opening balance
Add: Addition during the year
Held to maturity (HTM )
Treasury bond (RM)
Less: Adjusted during the year
Held to maturity (HTM )
Treasury bond (RM)
Closing balance
18.1 Foreign currency translation gain/(loss)
Opening balance
Adjustment for OBU*
Add: Transfer during the year
Closing balance
19

Retained earnings brought forward from previous year ( Note-19.1 )
Adjustment
Profit for the year
Transferred to general reserve
Transferred from general reserve
Depreciation on revalued amount of building transferred to retained earnings
239,233,892
1,363,816,734
(440,541,521)
1,162,509,106
3,427,007
1,165,936,113
37,425,151
1,501,329,218
(500,095,692)
1,038,658,677
3,514,878
1,042,173,555
246,649,345
1,385,384,882
(440,541,521)
1,191,492,706
1,191,492,706
3,427,007
1,194,919,713
48,592,899
1,494,682,198
(500,095,692)
1,043,179,405
1,043,179,405
3,514,878
1,046,694,283
239,463,178
(229,286)
239,233,892
37,593,403
(168,252)
37,425,151
19(a) Consolidated surplus in profit and loss account

Retained earning brought forward from previous year
Profit for the year
General reserve
Interim dividend
Less: Non controlling (Minority) interest
Depreciation on revalued amount of building Transferred to retained earnings
19.1 Retained earnings
Page
144
31.12.2015
Taka
Opening balance
Adjustment for OBU
Bonus share transferred to paid-up capital
Cash dividend paid
Closing balance
1,042,402,841
(14,213)
(802,925,450)
239,463,178
31.12.2014
Taka
878,753,401
(382,345,450)
(458,814,548)
37,593,403
Opening balance
Adjustment
Closing balance
(229,286)
(229,286)
(168,252)
(168,252)
1,046,694,283
2,672,355
222,370
(14,213)
(802,925,450)
246,649,345
889,752,897
(382,345,450)
(458,814,548)
48,592,899
7,639,571
7,639,571
7,639,571
(276,637)
2,672,346
2,395,709
2,395,709
11,492,348,389
11,771,729,896
111,000
7,520,931,213
82,819,000
6,165,540,137
13,769,401,350
597,268,396
13,172,132,954
111,000
6,337,715,888
75,828,866
4,981,467,349
11,395,123,103
615,614,878
10,779,508,225
8,988,152,644
8,988,152,644
918,309,283
8,069,843,361
10,890,049,609
10,890,049,609
807,903,655
10,082,145,954
183,043
295,242,380
19.2 Consolidated retained earnings

Opening balance
Adjustment for currency translation gain/(loss) and minority interest
Adjustment for expenses wrongly charged in NCCB Capital
Adjustment for OBU
Bonus share transferred to paid-up capital
Cash dividend paid
Closing balance
19.3 Consolidated foreign currency translation gain/(loss)
20
20.1 Acceptances and endorsement

20.2 Letter of guarantee
Money for which the Bank is contingently
liable in respect of guarantees issued
Directors
Government
Banks and other financial institutions
Others
Total
Less: Margin (Note 13.4)
20.3 Letter of credit issued
Documentary Credit and short-term trade-related transactions
Forward Assets purchased and forward deposits placed
Undrawn formal standby facilities, credit facilities and other commitments
Spot and forward foreign exchange rate contract
Other exchange contract
Total
Less: Margin (Note 13.4)
20.4 Bills for collection
Page
145
21
Income statement
2015
Taka
2014
Taka
Income
Interest, discount and similar income (Note-21.1)
Dividend income (Note-21.2)
Fee, commission and brokerage (Note-21.3)
Gains less losses arising from dealing in securities
Gains less losses arising from investment securities
Gains less losses arising from dealing in foreign currencies
Income from non-banking assets
Other operating income (Note-26)
Profit less losses on interest rate changes
13,800,586,943
47,277,455
581,388,815
215,580,019
385,063,468
15,029,896,700
14,631,734,339
61,042,636
635,013,672
289,694,773
344,308,980
15,961,794,400
8,056,172,569
2,569,337,166
300,854,369
237,272,455
11,163,636,560
3,866,260,140
9,339,227,961
2,383,473,137
344,981,805
147,309,634
12,214,992,537
3,746,801,863
11,019,436,273
126,904,187
190,180,447
17,552,337
516,411,741
35,275,657
293,552,317
1,352,672,343
189,384,095
209,600
29,273,360
29,734,586
13,800,586,943
11,999,643,549
20,140,619
185,091,831
1,306,352
522,508,680
39,071,075
546,140,754
1,031,662,646
267,340,300
4,627,783
14,200,750
14,631,734,339
47,277,455
47,277,455
61,042,636
61,042,636
581,388,815
581,388,815
635,013,672
635,013,672
1,859,154,514
310,958,861
21,429,011
27,954,067
89,123,218
8,400,000
2,070,000
230,000
250,017,496
2,569,337,166
1,738,691,455
282,504,145
19,889,646
28,109,335
70,819,994
9,204,354
1,770,000
172,500
232,311,708
2,383,473,137
Expenses
Interest, fee and commission (Note-23)
Losses on loans and advances
Administrative expenses (Note-21.4)
Other operating expenses (Note-36)
Depreciation on banking assets (Note-35)
21.1 Interest, discount and similar income
Interest income on loans and advances
Interest on balances with other banks and financial institutions
Interest on treasury bill
Interest on Reverse Repo (Treasury bills)
Interest on treasury bond (RM)
Gain on sale of shares
Capital gain on sale of treasury bonds
Interest on treasury bond (HTM)
Interest on treasury bond (HFT)
Interest on zero coupon bonds
Interest on subordinate bond
Others
21.2 Dividend income
Dividend on shares
Dividend from NCCB Securities and Financial Services Ltd.
21.3 Fee, commission and brokerage
Commission
Brokerage
21.4 Administrative expenses
Salary and allowances (Note-27)
Rent, taxes, insurance, electricity etc. (Note-28)
Legal expenses (Note-29)
Postage, stamp and telecommunication (Note-30)
Stationery, printing, advertisement etc. (Note-31)
Managing Director's salary & allowances (Note-32)
Director's fees (Note-33)
Audit fees (Note-34)
Repairs & maintenance of bank's assets (Note-35)
Page
146
22
Interest income
Less: intertransaction between OBU and conventional banking
2015
Taka
2014
Taka
11,124,237,406
43,068,398
11,167,305,804
20,965,344
11,146,340,460
12,016,454,445
10,555,063
12,027,009,508
7,225,340
12,019,784,168
123,408,473
175,363,405
10,543,403
1,639,948,584
8,579,424
91,512,372
706,237,560
1,260,043,590
19,517,230
5,605,376
8,819,188
2,136,432,453
1,772,266
182,541,378
2,754,635
56,473,703
241,115,300
40,262,329
174,563,159
96,938,190
1,357,350
1,454,297
36,023
25,811,863
269,552,496
173,922,757
14,381,098
2,053,539,278
171,094,575
1,981,359
17,708,161
16,495,575
3,514,363
93,096,044
8,989,353
386,085,088
1,943,791
752,720,616
20,965,344
251,772
10,997,333,219
252,224,902
178,797,672
14,095,975
2,098,168,575
11,443,599
27,851,625
821,895,586
1,360,733,710
30,029,817
525,374
12,118,879
2,315,661,988
1,334,050
367,539,007
6,625,944
6,065,590
72,387,544
247,625,209
40,271,219
211,646,902
114,919,778
3,033,070
1,409,090
35,570
21,168,268
84,232,124
202,581,623
7,996,365
2,088,448,267
160,751,758
2,612,114
20,877,479
18,575,732
3,475,457
97,657,565
7,269,322
437,486,635
777,412
638,505,108
7,227,040
230,882
11,996,313,826
79,508,141
115,876
10,208,946
37,071,224
126,904,187
11,124,237,406
11,785,204
25,398
3,643,739
3,634,639
294,583
757,056
20,140,619
12,016,454,445
43,068,398
10,555,063

Interest on loans and advances
Loan ( General)
Loan against house building
Loan against imported merchandise
Loan against trust receipts
Loan against packing credit
Demand Loan
SOD against financial obligation
SOD general
SOD export
Discount -EDF
C.C. against pledge
C.C. against hypothecation
C.C. against export
Forced loan
Inland bill purchased
FDBP & discounted
Payment against documents
Local documentary bills purchased
Transport loan
Lease finance
Small business loan
House renovation loan
Personal loans
Consumers finance scheme
Home improvement loan
Short Term Finance (STF)
Agri credit
Festival small business loan
Term loan (small, medium/large)
Special housing loan
Housing loan under refinance scheme
Staff P.F loan
Staff house building loan
Staff car loan
Credit card
Car loan scheme
Short term loan
Garments & foot wear cluster
Time loan
OBU
Education loan scheme
Interest on balances with other banks and financial institutions
Fixed deposits
Short term deposits
Nostro accounts
Money at call & short notice
Discount on bills purchased
Page
147
2015
Taka
2014
Taka
22(a) Consolidated interest income

23
11,146,340,460
192,561,785
11,338,902,245
222,924,029
11,115,978,216
12,019,784,168
251,905,890
12,271,690,058
269,353,226
12,002,336,832
8,054,637,864
22,500,049
8,077,137,913
20,965,344
8,056,172,569
9,339,227,961
7,225,340
9,346,453,301
7,225,340
9,339,227,961
509,521,029
370,946,202
3,626,683,072
1,688,530,908
535,449,419
5,422,517
2,150
127,108,167
124,958,975
19,351,412
11,336,632
964,479,406
70,847,975
8,054,637,864
474,346,437
369,013,097
4,899,850,029
1,492,032,979
506,419,804
2,638,224
27,777
283,022,885
263,436,901
13,166,872
40,145,623
31,500
949,232,735
45,863,098
9,339,227,961
22,500,049
7,225,340
8,056,172,569
222,924,029
8,279,096,598
222,924,029
8,056,172,569
9,339,227,961
269,353,226
9,608,581,187
269,353,226
9,339,227,961
47,277,455
190,180,447
17,552,337
516,411,741
61,042,636
185,091,831
1,306,352
522,508,680

Less: intertransaction between OBU and conventional banking

Savings deposits
Short notice deposits
Fixed deposits
Special savings scheme
Special deposit scheme
NCCB youngster maximus & money plant scheme
Discount
Borrowings from banks, financial institutions, etc.
REPO agreement with Bangladesh Bank
Wage earners welfare DPS
Premium term deposits
Instant earning term deposits
Money double program
Money triple program
Others
23(a) Consolidated interest paid on deposits, borrowings, etc.
24

Dividend on shares
Dividend from NCCB Securities and Financial Services Ltd.
Interest on treasury bills
Interest on Reverse Repo (Treasury bills)
Interest on treasury bond (RM)
Page
148
2015
Taka
Gain on sale of shares
Capital gain on sale of treasury bonds
Interest on treasury bond (HTM)
Interest on treasury bond (HFT)
Interest on zero coupon bonds
Interest on subordinate bond
Others
2014
Taka
35,275,657
293,552,317
1,352,672,343
189,384,095
209,600
29,273,360
29,734,586
2,701,523,938
39,071,075
546,140,754
1,031,662,646
267,340,300
4,627,783
14,200,750
2,672,992,807
2,701,523,938
621,209
2,702,145,147
2,702,145,147
2,672,992,807
134,250
2,673,127,057
2,673,127,057
9,142,259
52,209,685
188,678,921
148,365,976
308,580
3,344,764
26,047,371
7,747,321
27,941,689
89,900,890
7,267,924
50
20,300,868
900
121,100
10,516
581,388,815
7,564,995
17,812,732
153,166,319
184,706,490
522,532
3,683,484
25,433,804
36,904,047
26,015,720
109,031,219
6,522,778
132,428
33,465,835
3,150
230
33,000
30,014,909
635,013,672
215,580,019
215,580,019
796,968,834
199,627,853
90,066,920
289,694,773
924,708,445
796,968,834
93,603,298
447,500
891,019,632
891,019,632
924,708,445
102,173,092
5,674,031
1,032,555,568
1,032,555,568
24(a) Consolidated income from investments

NCCB securities and Financial Services Limited
25

Commission
Commission on bill purchased
Commission on remittances
Commission on letter of guarantee
Commission on letter of credit
Commission on pur./sale-share/securities
Commission on sanchaypatra
Commission on back to back LC.
Letter of credit advising commission & handling charge
Commission on acceptance of BTB L/C
Commission on acceptance ( other than BTB)
Commission - Miscellaneous
Commission on L/C confirmation
Underwriting commission
Commission on instrument cancellation
ATM POS commission
Commission from national prize bonds
Money gram/others
Exchange
Exchange gain net off exchange losses
Exchange gain on defalcation
Brokerage
25(a) Consolidated commission, exchange & brokerage

Page
149
26

Rent locker
Rent godown
Postage recoveries
Telex, telegram, trunk call, fax.swift etc. recoveries
Incidental charge recoveries
Legal charge recoveries
Service charges
ATM transaction fees
Profit on sale of fixed assets
Risk fund
Account maintenance fees
Card fees & others
Banking & Clearing Charge
Exchange equalization gain
Miscellaneous earnings
Application and processing fees
2015
Taka
2014
Taka
4,101,039
631,800
5,825,603
35,519,014
2,135
79,025
79,167,617
755,437
3,229,850
819,634
88,924,623
51,221,597
10,305,750
90,469,312
14,011,031
385,063,468
3,298,297
1,751,300
7,082,016
30,751,676
1,000
371,525
54,941,399
828,699
1,375,396
5,589,047
82,877,438
44,815,413
10,854,202
26,913
83,258,869
16,485,790
344,308,980
385,063,468
4,464,344
389,527,812
344,308,980
3,412,269
347,721,249
792,608,543
280,640,597
289,334,463
66,182,462
187,992,750
121,373,050
120,092,129
930,520
1,859,154,514
737,497,408
264,217,754
265,808,178
62,453,898
181,596,350
115,901,450
110,270,549
945,868
1,738,691,455
39,733,418
127,897,508
1,848,459
520,500
46,633,262
72,701,316
289,334,463
38,094,102
117,755,721
1,869,973
514,950
39,462,670
68,110,762
265,808,178
1,859,154,514
28,938,967
1,888,093,481
1,738,691,455
30,451,984
1,769,143,439
161,514,637
29,878
161,544,515
144,991,820
39,550
145,031,370
26(a) Consolidated other operating income

27
Salary & allowances

Basic salary
House rent allowance
Allowances ( Note-27.1)
Bank's contribution to provident fund
Incentive Bonus
Festival Bonus
Gratuity (Note-14.10)
Honorarium
27.1 Allowances
Entertainment allowance
Medical allowance
Washing allowance
Evening banking
Casual wages
Other allowance
27(a) Consolidated salary & allowances
28

Rent
Office
Clearing house
Page
150
Rates and taxes
Rates
Taxes
2015
Taka
2014
Taka
1,270,540
3,771,654
5,042,194
545,060
18,692,577
19,237,637
7,780,341
1,694,258
63,052,355
72,526,954
5,649,341
1,413,563
58,261,862
65,324,766
70,014,615
1,830,583
71,845,198
310,958,861
51,105,232
1,805,140
52,910,372
282,504,145
310,958,861
11,263,590
1,098,002
323,320,453
323,320,453
282,504,145
12,138,076
225,196
4,073,803
298,941,220
298,941,220
17,935,747
306,720
2,876,544
310,000
21,429,011
17,014,081
145,755
2,471,810
258,000
19,889,646
21,429,011
21,429,011
19,889,646
19,889,646
11,059,233
5,412,836
7,210,236
4,271,762
27,954,067
9,261,535
7,722,548
7,256,146
3,869,106
28,109,335
27,954,067
278,121
28,232,188
28,109,335
682,169
28,791,504
23,756,257
11,389,964
12,572,128
47,718,349
41,404,869
89,123,218
19,792,171
12,143,290
12,172,110
44,107,571
26,712,423
70,819,994
Insurance
Cash
Vehicles
Deposits
Electricity
Electricity - office
Electricity - residence
28(a) Consolidated rent, taxes, insurance, electricity etc.
29
Legal expenses
Legal charge
Stamp charge
Consultancy fee
Credit Rating fee
29 (a) Consolidated legal expenses

30
Postage, stamp and telecommunication

Postage
Telex/swift/internet
Telephone -office
Telephone -residence
30(a) Consolidated postage, stamp and telecommunication

31

Printing and stationery
Printed stationery
Security stationery
Petty stationery
Publicity and advertisement
Page
151
31(a) Consolidated stationery, printing, advertisement etc.

32
2014
Taka
2015
Taka
89,123,218
639,211
89,762,429
70,819,994
497,991
71,317,985
4,800,000
800,000
400,000
600,000
1,800,000
8,400,000
4,612,903
800,000
1,500,000
505,968
234,516
1,550,967
9,204,354
Managing Director's salary & allowances

Basic salary
Festival bonus
*Incentive bonus
Entertainment allowance
Medical allowance
House rent allowance
* Incentive bonus disbursed for 2014 included Tk. 10,00,000/- in favour to our Ex-Managing Director & CEO
33
Director's fees
For attending the meeting of the Board / executive committee/ audit
committee members are paid @ Tk 5000/8,000 per attendance per person
2,070,000
1,770,000
2,070,000
231,250
2,301,250
1,770,000
190,500
1,960,500
230,000
172,500
230,000
34,500
11,500
276,000
172,500
29,250
5,750
207,500
153,182,670
19,083,301
77,751,525
250,017,496
129,896,717
20,663,887
81,751,104
232,311,708
46,243,974
104,166,286
39,345,536
16,054,911
31,461,749
237,272,455
487,289,951
29,531,565
54,667,365
32,106,230
13,976,316
17,028,158
147,309,634
379,621,342
33(a) Consolidated Director's fees

34
Audit fees
34(a) Consolidated audit fees

35
Repairs, maintenance, amortization and depreciation of banks assets

Repairs & maintenance
Repairs & maintenance of fixed assets
Amortization of software
Renovation & maintenance of premises
Depreciation (Annexure 'D')
Furniture and fixtures
Machinery and equipment
Computer Equipment
Vehicles
Property/ apartments/buildings
Page
152
2015
Taka
2014
Taka
35(a) Consolidated repairs, maintenance, amortization and depreciation of banks assets

36
487,289,951
5,957,525
493,247,477
379,621,342
6,929,392
1,704,804
388,255,538
300,784,944
69,425
300,854,369
344,981,805
344,981,805
20,172,964
48,377,563
1,333,548
13,227,913
69,989,127
2,064,029
2,810,827
6,201,954
1,372,199
3,746,189
11,050,104
13,527,607
9,403,922
1,944,104
1,389,969
22,991,438
1,204,675
7,126,054
302,023
1,226,677
11,357,295
1,000
44,963,763
5,000,000
300,784,944
20,876,969
46,923,333
1,531,445
7,100,126
68,299,607
2,225,715
2,331,838
5,718,735
55,722
1,227,353
3,535,630
13,308,583
10,358,168
9,313,166
1,632,000
1,148,485
31,981,588
113,000
7,670,162
261,733
1,156,930
12,081,822
62,775
90,066,920
6,000,000
344,981,805
Other expenses
36.1 Other expenses

Entertainment
Car expenses
Paper and periodicals
Trade subscription
Traveling & conveyance
Cash carrying charges
Liveries and uniform
Water sewerage and gas
Medical charges
Laundry and cleaning
Training expenses
Business promotion
Donation
Utility charges
Traveling and haltage (directors )
Refreshment and dinner ( directors )
Revaluation/loss on BGTB/T.Bill (HFT)
Welfare and recreation
Other bank charge
CDBL charge
Miscellaneous expenses
Credit card service charge
Sales commission
Loss against NCCB Exchange(UK) Limited
Loss on defalcation
Superannuation fund
69,425
36(a) Consolidated other expenses

37
300,854,369
15,818,647
19,380
9,014,023
325,706,419
44,963,763
280,742,656
344,981,805
16,194,627
21,572
9,568,562
370,766,566
370,766,566
675,385,934
215,580,019
890,965,953
890,965,953
889,074,338
199,627,853
1,088,702,191
1,088,702,191
Cash received from other operating activities

Exchange earning
Page
153
2015
Taka
2014
Taka
37(a) Consolidated cash received from other operating activities

38
890,965,953
1,983,800
892,949,753
1,088,702,191
3,412,269
1,092,114,460
790,707,959
3,873,441
(6,545,902)
788,035,498
788,035,498
629,159,825
3,459,056
(3,873,441)
628,745,440
628,745,440
788,035,498
20,686,056
45,130
10,112,025
818,878,709
628,745,440
20,699,728
246,768
13,642,365
663,334,301
8,960,384
3,309,514
3,865,204
175,839,604
140,378,949
2,502,933,556
2,835,287,211
9,483,941
3,170,134
4,825,320
146,136,367
59,416,347
2,538,433,022
2,761,465,131
9,483,941
3,170,134
4,825,320
146,136,367
59,416,347
2,517,769,135
2,740,801,244
94,485,967
94,485,967
11,820,590
2,715,071
2,280,080
158,292,633
22,161,570
3,202,676,135
3,399,946,079
(638,480,948)
(638,480,948)
8,960,384
3,309,514
3,865,204
175,839,604
140,378,949
235,564,486
567,918,141
9,483,941
3,170,134
4,825,320
146,136,367
59,416,347
270,396,248
493,428,357
9,483,941
3,170,134
4,825,320
146,136,367
59,416,347
248,632,285
471,664,394
96,253,747
11,820,590
2,715,071
2,280,080
158,292,633
22,161,570
935,433,492
1,132,703,436
(639,275,079)
Cash paid for other operating activities

Expenses for the year
Add: Opening accrued expenses
Less: Closing accrued expenses
38(a) Consolidated cash paid for other operating activities

39
Increase/(decrease) of other assets

Closing other assets
Stationery in hand
Stamps and stamped forms in hand
Advance deposit
Suspense account
Others
Opening other assets
Stationery in hand
Advance deposit
Suspense account
Others
Increase/(decrease) for the year
39(a) Increase/(decrease) of consolidated other assets

Closing other assets
Stationery in hand
Advance deposit
Suspense account
Others
Opening other assets
Stationery in hand
Advance deposit
Suspense account
Others
Page
154
40
Increase/(decrease) of other liabilities

Closing other liabilities
Interest suspense
Opening other liabilities
Interest suspense
40(a) Increase/(decrease) of consolidated other liabilities

41
2014
Taka
2015
Taka
Cash and cash equivalents

Cash in hand
Balance with Bangladesh Bank and Sonali Bank Limited
Balance with other bank and financial institutions
Prize bonds
1,719,322,140
124,362,842
1,843,684,982
1,488,795,712
254,763,149
1,743,558,861
1,488,795,712
254,763,149
1,743,558,861
100,126,121
979,431,588
253,955,174
1,233,386,762
510,172,099
100,126,121
245,895,518
346,021,639
510,172,099
211,160,199
721,332,298
1,191,609,017
8,084,998,294
4,229,382,617
5,612,200
13,511,602,128
13,511,602,128
1,173,484,082
7,438,676,826
2,407,581,410
4,586,400
11,024,328,718
11,024,328,718
Opening Balance of Cash & Cash Equivalents for 2014 has been restated due to the fact that the Balance of ICB Islamic Bank
amounting to Taka 19,073,390 was inadvertently reported under Other Assets and subsequently adjusted during the year.
41(a) Consolidated cash and cash equivalents
42
13,511,602,128
37,540,689
13,549,142,817
11,024,328,718
3,347,304
3,465,575
11,031,141,597
1,363,816,734
883,218,003
1,501,329,218
883,218,003
1.54
1.70

Net Profit after tax for the year
Number of Ordinary share outstanding
Earnings per share have been calculated in accordance with BAS-33 "Earnings per share". Previous year's figures have
been adjusted for the issue of bonus shares during the year.
42 (a) Consolidated earnings per share
Net profit after tax for the year
Number of ordinary share outstanding
Consolidated earnings per share
1,385,384,882
883,218,003
1,494,682,198
883,218,003
1.57
1.69
Earnings per share have been calculated in accordance with BAS-33 "Earnings per share". Previous year's figures have
been adjusted for the issue of bonus shares during the year.
43
Events after the reporting period

The Board of Directors in its 333rd meeting held on 30.03.2016 approved the financial statements and also authorized the
same for public issue. The Board also decided to recommend payment of 12.75% (Twelve point seven five percent) cash
dividend for the year 2015 for approval by the shareholders in the next ensuing Annual General Meeting (AGM). There are
no other material events for disclosure.
Chairman
Director
Director

Page
155
In demand deposit accounts (non interest bearing) with:

2015
Name of the Bank
Standard Chartered Bank, Singapore

Standard Chartered Bank, Tokyo
The Bank of Tokyo Mitsubishi UFJ Ltd, Japan
Currency
Name
Amount in
Foreign
Currency
Conversion
rate per
unit F.C.
2014
Amount in
BDT.
Amount in
Foreign
Currency
113,858.84
Conversion
rate per
unit F.C.
58.77
Amount in
BDT.
SGD
52,733.22
55.50
2,926,931
6,691,518
J.YEN
1,719,463.00
0.65
1,120,402
3,329,765.00
0.65
2,153,026
J.YEN
1,732,980.00
0.65
1,129,210
3,186,327.00
0.65
2,060,279
ACU
166,615.03
78.50
13,079,280
Nations Trust Bank Plc, Colombo
ACU
24,886.29
78.50
1,953,574
ICICI Bank Limited, Katkata
ACU
26,808.54
78.50
2,104,470
American Express Bank, Colombo
ACU
EUR
United Bank Ltd., Karachi
ACU
109,611.25
Nepal Bangladesh Bank, Nepal
ACU
139,226.62
EUR
AXIS Bank Kolkata
ACU
Bank of Bhutan, Phuentsholing
ACU
10,331.15
78.50
8,604,483
78.50
10,929,290
78.50
810,995
78.50
3,304,573
GBP
418,546.21
116.27
48,662,861
USD
648,399.56
78.50
Unicredit Spa, Milan
EUR
112,967.91
85.80
Standard Chartered Bank, Frankfurt
EUR
86,613.47
85.80
7,431,479

Habib American Bank, New York(OBU)
42,096.47
The Bank of Scotia, Toronto
GBP
Sonali Bank, Kolkata
ACU
195,171.91
Sonali Bank (UK) Limited, London
USD
411,572.74
78.50
Habib Metropolitan Bank
ACU
325,377.04
78.50
78.50
16,711.32
77.90
1,301,812
67,065.06
94.05
6,307,281
35,881.34
77.90
2,795,156
189,226.62
77.90
14,740,754
15,188,355.33
94.05
1,428,422,291
63,005.87
77.90
4,908,157
77.90
443,660
60,432.62
120.39
7,275,664
50,899,365
67,211.51
77.90
5,235,777
9,692,703
675,812.11
94.05
63,558,237
15,320,995
5,695.25
4,770.52
-
120.39
-
32,308,460
829,759.50
77.90
25,542,098
99,877.80
77.90
235,821,169
574,337
64,638,265
7,780,481
1,618,886,696
In demand deposit account ( interest bearing) with :

CITI Bank NA
USD
422,786.97
78.50
33,188,777
Westpac Banking Corporation, Sydney
AUD
21,945.98
57.20
1,255,203
Standard Chartered Bank, New York
Page
156
USD
1,282,073.92
77.90
99,873,558.37
29,501.00
63.30
1,867,458.00
2,808,302.59
77.90
218,766,772
34,443,980
320,507,788
270,265,149
1,939,394,484
Sl.
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
Name of Company
Quoted
AB Bank Limited
Advance Chemical Industries Limited
Agrani Insurance Co. Limited
Al-Arafa Islami Bank Limited
Asia Insurance Limited
Asia Pacific General Insurance Limited
Bank Asia Limited
Bata Shoe Co. (BD) Limited
Bay Leasing & Investment Limited
Bangladesh Auto Cars Limited
Beximco Limited
Bangladesh General Insurance Co.
Bangladesh Submarine Cable Company Limited
BSRM Steel Limited
Confidence Cement
Dacca Dyeing & Manufacturing Co. Limited
Dhaka Electric Supply Company Limited
Eagle Star Textile Mills Limited
Eastland Insurance Limited
Eastern Bank Limited
Exim Bank Limited
Family Textile
Fareast Life Insurance Co. Limited
First Lease Finance & Investment Limited
GBP Power Limited
Grameenphone Limited
GPH Ispat Limited
Green Delta Insurance Co. Limited
Investment Corporation Bangladesh
IDLC Finance Limited
Jamuna Bank Limited
Jamuna Oil Company Limited
Karnaphuli Insurance Limited
Khulna Power Co. Limited
Lafarge Surma Cement Limited
Lanka Bangla Finance Limited
Makson Spinning Mills Limited
Mercantile Bank Limited
Mercantile Insurance Co. Limited
MI Cement Factory Limited
MJL Bangladesh Limited
Meghna Petrolium Limited
Navana CNG Limited
National Bank Limited
Olympic Industries Limited
Padma Oil Company Limited
Phoenix Finance and Investment Limited
Peoples Leasing & Financial Services Limited
Power Grid Co. Bangladesh Limited
Premier Leasing & Finance Limited
Prime Bank Limited
Prime Islami Life Insurance Company Limited
Prime Textile Mills Limited
Pubali Bank Limited
Face Value
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
No. of
Shares
121,879
50,000
146,107
2,922,829
77,339
790,500
1,119,371
5,000
930,584
18,050
66,536
110,250
157,850
69,690
35,000
175,159
1,036,616
254,700
203
230,400
9,280
57,200
67,677
48,123
152,087
90,000
127,050
174,765
100,000
400,100
382,406
3,217
774,650
195,300
163,280
200,000
100,000
1,392,469
253,229
222,530
591,920
4,021
52,900
110,193
707,890
1,104,425
18,000
45,804
160,000
668,896
27,500
390,495
495
4,540
10,000
701,790
Cost value
6,219,000
26,444,239
8,774,040
71,392,368
5,809,122
30,603,248
24,427,686
3,368,950
66,145,144
223,907
4,872,875
5,392,872
25,969,818
6,002,036
5,298,842
6,540,520
72,012,264
4,227,951
9,391
9,047,975
108,325
1,572,746
6,922,554
1,178,613
3,960,512
22,635,437
8,112,302
16,038,868
13,779,636
2,624,656
25,566,544
102,675
18,278,045
38,446,269
5,789,881
15,012,113
4,598,238
81,920,858
6,576,456
4,152,810
19,321,039
445,948
7,264,320
17,750,513
53,162,602
25,531,210
2,310,739
10,866,255
6,168,182
36,134,880
1,731,905
12,800,426
12,506
357,126
598,840
32,877,219
Quoted rate per Total Market

Value as at
share as on
31.12.2015 31.12.2015
20.90
561.60
17.00
14.70
14.20
16.00
16.50
1,317.70
20.30
36.00
29.00
16.60
108.10
96.30
86.70
11.20
51.80
9.90
19.40
28.60
8.60
10.60
62.50
11.30
16.20
253.00
41.10
53.70
106.90
4.50
63.60
27.80
12.00
157.10
11.80
74.90
74.60
29.00
7.80
10.70
12.60
85.40
94.30
152.60
49.70
9.40
259.20
184.20
20.90
14.30
45.90
8.30
18.10
39.30
16.80
21.60
2,547,271
28,080,000
2,483,819
42,965,586
1,098,214
12,648,000
18,469,622
6,588,500
18,890,855
649,800
1,929,544
1,830,150
17,063,585
6,711,147
3,034,500
1,961,781
53,696,709
2,521,530
3,938
6,589,440
79,808
606,320
4,229,813
543,790
2,463,809
22,770,000
5,221,755
9,384,881
10,690,000
1,800,450
24,321,022
89,433
9,295,800
30,681,630
1,926,704
14,980,000
7,460,000
40,381,601
1,975,186
2,381,071
7,458,192
343,393
4,988,470
16,815,452
35,182,133
10,381,595
4,665,600
8,437,097
3,344,000
9,565,213
1,262,250
3,241,109
8,960
178,422
168,000
15,158,664
Page
157
Sl.
No
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
1
2
3
4
5
6
7
1
2
3
4
5
6
7
Name of Company
Face Value
No. of
Shares
Cost value
R.N. Spinning Mills Limited

10
1,256,500
Rupali Insurance Limited
10
230,491
Saham Textile
10
40,250
Summit Alliance Port Limited
10
89,579
10
810,524
South East Bank Limited
10
992,250
Square Textiles Limited
10
397,835
Square Pharmacuticals Limited
10
150,000
10
5,892
Summit Power Limited
10
1,410,749
Tallu Spinning
10
10,725
Titas Gas Transmission & Distribution Co. Limited
10
1,059,050
Union Capital Limited
10
57,172
Unique Hotel & Resorts Limited
10
266,400
United Airways (BD) Limited
10
1,680,448
Uttara Bank Limited
10
153,049
Total Quoted Share :
50,171,728
9,892,089
1,193,306
9,173,814
17,854,098
33,134,063
36,097,311
23,504,006
88,057
61,407,660
366,835
90,355,186
2,665,589
31,553,613
33,362,945
9,018,594
1,297,332,389
Un-Quoted
Bangladesh Rating Agency Limited
100
41,659
Central Depository Bangladesh Limited (CDBL)
3.43
1,142,361
MSF Asset Management Company
2,000,000
Summit Purbanchal Power Company Limited
10
750,000
Summit Uttaranchal Power Company Limited
10
500,000
SWIFT
991199
14
Venture Investment Partner Bangladesh Limited
96.15
187,200
Total Unquoted Share :
4,165,900
3,138,890
3,000,000
2,000,000
2,843,073
18,000,000
35,147,863
Mutual Fund
Green Delta Mutual Fund
NCCBL Mutual Fund-1
MBL 1st Mutual Fund
NCCBL Mutual Fund
NLI 1st Mutual Fund
SEBL 1st Mutual Fund
Trust Bank 1st Mutual Fund
Quoted rate per Total Market

Value as at
share as on
31.12.2015 31.12.2015
22.10
16.90
14.10
60.30
13.50
17.60
75.50
253.70
9.20
39.70
17.70
47.40
14.50
50.60
7.30
22.70
27,768,650
3,895,298
567,525
5,401,614
10,942,074
17,463,600
30,036,543
38,055,000
54,206
56,006,735
189,833
50,198,970
828,994
13,479,840
12,267,270
3,474,212
812,875,975
4,165,900
3,138,890
2,000,000
3,000,000
2,000,000
2,843,073
18,000,000
35,147,863
4.70
5.90
5.70
5.90
9.70
9.20
4.40
11,938,000
39,534,012
5,700,000
88,500,000
20,599,551
30,360,000
835,349
197,466,911
1,045,490,750
2,540,000
24,097,776
10
6,700,680
47,979,044
10
1,000,000
10,000,000
10
15,000,000
150,000,000
10
2,123,665
19,306,045
10
3,300,000
30,909,091
10
189,852
1,520,970
Total Mutual Fund :
283,812,926
Grand Total :
1,616,293,179
Calculation of required provision against investment in shares:

SL.
No.
Particulars
1
2
Quoted
Un-Quoted
Mutual Fund
1,297,332,389
35,147,863
Value
Considered for
maintaining
provision
812,875,975
35,147,863
283,812,926
334,519,775
1,616,293,179
1,182,543,613
Cost Value
Grand Total
Required
Provision
Remarks
(484,456,414) Considered Market Value

Considered NAV as per
B.B DOS Circular No-10
dated 28 June 2015
(484,456,414)
Total market value of shares is lesser than cost price by Tk. 570,802,429/- against which provision of Tk. 484,456,414/- is
ppearing in these financial statements. As per DOS Circular No-10 dated 28 June 2015 reduced market value of mutual
fund amounting to Taka 8,63,46,015 was not considered in calculating required provision.
Page
158
Page
159
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Sl.
No
Metro Group (Best Holdings Ltd.)

BSRM Steel
Kabir Steel Re-Rolling Mills Ltd.
Grand -Total
BRB Cable Industries Ltd.

City Group
Pran Agro Ltd.
Partex Group
Saad Musa Home Tex & Clothing Ltd.
DAF P.P. Ind. & allied concern
NCCB Securities & Financial Services Limited

Sanzi Textile Mills & Allied Concern
Doreen Power Generation & Systems Ltd.

Max Pre-Stress & Max Automobiles Ltd.
Ziri Subader Steel Re-Rolling Mills
Abul Khair Steel Industries Ltd.
Name of Clients
As on December 31, 2015

2015
Taka
Outstanding
Funded Non-Funded
376.00
36.65
94.93
277.57
142.03
181.48
170.25
138.60
188.04
52.00
167.50
50.45
191.94
19.26
151.50
53.53
152.74
40.57
150.67
37.76
102.82
81.23
177.34
2.40
178.61
2,244.37
971.50
Statement of Large Loan Exposure made during the year 2015

more than 10% of Total Capital of the Bank (Note-9.7)
Total
Amount
412.65
372.50
323.51
308.85
240.04
217.95
211.20
205.03
193.31
188.43
184.05
179.74
178.61
3,215.87
2014
Taka
Outstanding
Funded
Non-Funded
166.41
260.07
100.13
98.48
44.56
139.94
133.15
193.33
176.07
52.00
190.22
32.43
145.43
66.17
141.28
30.87
159.02
136.38
113.21
115.72
128.87
1,508.37
1,115.37
Total
Amount
426.48
198.61
184.50
326.48
228.07
222.65
211.60
172.15
159.02
249.59
244.59
2,623.74
(Amount in Crore taka)
Page
160
Grand total
Grand total
Vehicles
December -2015
December -2014
O. R. Nizam Road Branch
Uttara Branch
Agrabad Branch
Elephant Road Branch
Mitford Branch
Pragoti Sarani Branch
Head Office Premise (with Structure)

Dhanmondi Branch
Islampur Branch
Savar Branch
Bijoynagar Branch
Building (Head Office premise on Land - 1)

Land - II - Head Office Premise
Building /Apartments:
Furniture & fixture

Computer Equipment
Particulars
2,423,250,441
98,144,716
3,391,193,402
24,709,834
102,852,795
57,285,235
37,917,348
99,979,248
64,779,730
70,347,200
60,682,473
87,386,268
30,004,115
136,811,525
499,243,637
706,583,454
328,973,787
649,940,689
335,551,348
Taka
988,389,851
37,051,887
299,806,514
121,981,748
61,353,399
52,934,951
26,484,529
Taka
(20,446,890)
(11,912,157)
(29,632,921)
(10,629,158)
(6,839,806)
(251,800)
-
Taka
3,391,193,402
123,284,446
3,661,366,995
24,709,834
102,852,795
57,285,235
37,917,348
99,979,248
64,779,730
70,347,200
60,682,473
87,386,268
30,004,115
136,811,525
610,596,227
761,097,047
381,656,938
676,425,218
335,551,348
Taka
(Disposals) /
Balance
Balance
Additions
adjustments
as on 1 January during the year
as on 31 December
during the year
2015
2015
Cost/Revaluation
686,612,459
68,462,365
817,941,297
323,677
11,110,144
6,605,526
3,941,034
9,713,591
6,902,161
6,949,658
5,904,497
8,235,749
2,084,065
10,348,182
196,263,186
258,882,007
222,215,455
-
Taka
Balance
as on 1 January
2015
147,309,634
16,054,911
237,272,455
49,096
2,276,766
1,254,493
791,408
2,236,641
1,446,940
1,584,939
1,369,449
1,929,138
529,501
3,134,084
46,243,974
104,166,286
39,345,536
14,859,293
-
Taka
Charge for the

year
(15,980,796)
(11,912,152)
(22,024,274)
(4,784,833)
(5,244,919)
(82,370)
-
Taka
(Disposals)/
adjustments
during the year
Depreciation
817,941,297
72,605,124
1,033,189,478
372,773
13,386,910
7,860,019
4,732,442
11,950,232
8,349,101
8,534,597
7,273,946
10,164,887
2,613,566
13,482,266
237,722,327
357,803,374
261,478,621
14,859,293
-
2,573,252,105
50,679,322
2,628,177,518
24,337,061
89,465,885
49,425,216
33,184,906
88,029,016
56,430,629
61,812,603
53,408,527
77,221,381
27,390,549
123,329,259
372,873,900
403,293,673
120,178,317
661,565,925
335,551,348
Written Down
Balance
Value (WDV)
as on 31 December
as on 31 December
2015
2015
Taka
Taka
Borrowings from other banks

Financial Institutions and agents.
(Outside Bangladesh) - Note -12.1
As on December 31, 2015
Name of the Bank
ICICI Bank Ltd., HKK

ICICI Bank Ltd., Kolkata
Mashreq Bank ,Kolkata
Sonali Bank (UK) Limited
Sonali Bank,Kolkata
Commerce Bank AG
Mashreq Bank, N.Y
Wachovia NA
Wells Fargo Bank, N.A
Standard Chartered Bank, N.Y
Currency
Name
2015
2014
Amount in Conversion Amount in

Foreign
rate per
BDT.
Currency
unit F.C.
Amount in Conversion Amount in

Foreign
rate per
BDT.
Currency unit F.C.
USD 914,288.04
ACU
ACU
17,324.54
GBP
3,902.52
ACU
EUR
79,416.07
USD 242,726.15
USD
USD 340,052.33
ACU
USD 3,686,591.58
78.50 71,771,611
78.50
1,359,976
116.27
453,732
85.80
6,813,939
78.50 19,054,003
78.50 26,694,108
78.50 289,397,439
415,544,808
428,986.03
239,062.04
119,248.91
87,005.25
359,667.53
332,491.43
568,637.27
-
78.90
78.90
78.90
78.90
78.90
78.90
78.90
-
33,846,998
18,861,995
9,408,739
6,864,714
28,377,768
26,233,574
44,865,481
168,459,269
Page
161
Page
162
Current Tax Tax Liability as

Excess/
Advance
Accounting Assessment Provision as
per Assessment (Shortage)
Income
Year
Year
per accounts Order/Return
provision
Tax paid
1
2
3
4
5=(3-4)
6
Up to 2000
142,334,958 213,676,031
(71,341,073) 215,471,134
2001
2002-2003
119,081,542 146,692,885
(27,611,343) 139,829,928
2002
2003-2004
171,702,723 177,842,495
(6,139,772) 177,842,495
2003
2004-2005
255,478,335
86,888,016 168,590,319
159,999,990
2004
2005-2006
160,339,772 222,971,622
(62,631,850) 226,708,126
2005
2006-2007
328,285,074 322,779,734
5,505,340
322,779,734
2006
2007-2008
574,346,619 571,101,414
3,245,205
547,620,741
2007
2008-2009
658,972,487 765,003,802 (106,031,315) 739,195,123
2008
2009-2010
886,681,988 842,159,000
44,522,988
828,728,119
2009
2010-2011
780,131,543 815,826,019
(35,694,476) 796,981,982
2010
2011-2012 1,082,996,677 1,223,524,512 (140,527,835) 1,134,075,103
2011
2012-2013 1,423,823,445 1,399,623,482
24,199,963 1,405,070,547
2012
2013-2014 1,311,459,496 1,331,302,532
(19,843,036) 1,331,302,532
2013
2014-2015 1,204,981,256 1,063,429,734 141,551,522 1,063,429,734
2014
2015-2016
869,355,654 673,691,256 195,664,398
673,691,256
2015
2016-2017
893,309,270 1,006,768,305 (113,459,035) 593,489,006
Total
10,863,280,839 10,863,280,839
- 10,356,215,550
7=(4-6)
(1,795,103)
6,862,957
(73,111,974)
(3,736,504)
23,480,673
25,808,679
13,430,881
18,844,037
89,449,409
(5,447,065)
93,785,990
Dues/
(Refund)
8
Assessment Completed
Appeal filed to High Court Division
Tribunal order received but revised assessment order yet to receive
Return filed u/s-82BB but assessment order yet to receive.
Return to be filed on 15 July 2016
Remarks
Amount in Taka
Computation of Risk Weighted Assets (RWA)-Solo Basis as on 31 December 2015

Figure in Crore taka where applicable
Total Risk Weighted Assets (RWA)
Particulars
December 31,2015
Credit Risk:
On-Balance Sheet
Off-Balance Sheet
B. Market Risk
C. Operational Risk
Total Risk Weighted Assets (A+B+C)
December 31,2014
A.
9,118.10
1,829.72
248.04
1,079.40
12,275.26
8,072.23
1,663.84
519.00
1,016.99
11,272.06
a. i) Risk Weighted Assets for Credit Risk On Balance Sheet Exposure

Sl.
No.
a)
b)
c)
d)
Particulars
Cash
Claims on Bangladesh Government and Bangladesh Bank
Claims on other Sovereigns & Central Banks
Claims on Bank for International Settlements International Monetary
Fund and European Central Bank
Claims on Multilateral Development Banks (MDBs)
i) IBRD, IFC, ADB, AFDB, EBRD, IADB, EIB, EIF, NIB, CDB, CEDB
ii) Other MDBs
e)
Claims on Public Sector Entities ( other than Government) in Bangladesh
f)
Claims on Banks and NBFIs

i) Original maturity over 3 months
g)
ii) Original maturity up to 3 months

Claims on Corporate
h)
Claims on SME
December 31,2015 December 31,2014

Bangladesh
Bank's
Risk
Risk
Risk Exposure Weighted
Rating
Exposure Weighted
Grade Weight
Assets
Assets
0% 119.16
0% 2,713.41
0%
-
1
2,3
4,5
6
Unrated
1
2,3
4,5
6
Unrated
1
2,3
4,5
6
Unrated
0%
0%
0%
20%
50%
100%
150%
50%
20%
50%
100%
150%
50%
117.35
2790.54
-
20%
50%
100%
150%
100% 418.94 418.94
68.28
20% 224.18 44.84
373.17
20% 580.66 116.13
410.97
50% 1,608.74 804.37 1432.05
100% 1,121.34 1,121.34 981.34
150%
125% 855.42 1,069.28 728.10
20%
40%
12.39
4.95
33.85
60%
65.01 39.00 300.16
80% 210.60 168.48
120%
19.70 23.64
150%
75% 741.34 556.00
72.44
68.28
74.63
82.19
716.03
981.34
910.13
13.54
180.10
54.33
1
2
3,4
5,6
Unrated
SME 1
SME 2
SME 3
SME 4
SME 5
SME 6
Unrated
(Small enterprise & <BDT
3.00M)
Unrated 100% 2,317.64 2,317.64 2,590.89 2,590.89
(Small enterprise having>
BDT 3.00M
& medium
enterprise)
Page
163
SL.
No.
Particulars
i) Claims under Credit Risk Mitigation
Risk
Weight
PSE
Banks & NBFIs
Corporate
Retail & Small
Cons.Finance
Res. Property
Comm. Real estate
N/A
N/A
N/A
N/A
N/A
N/A
N/A
172.53
221.21
-
Risk
Weighted
Assets
15.77
5.66
-
75%
100%
50%
100%
380.08
109.42
145.10
296.98
j) Claims categorized as retail portfolio (excluding

SME Consumer Finance & Staff loan) up to 1 crore
k) Consumer Loan
l) Claims fully secured by residential property
m) Claims fully secured by commercial real estate
n) 1. Past due claims (Risk weights are to be assigned
net of specific provision)
Where specific provisions are less than 20 percent
of the outstanding amount of the past due claim
Where specific provisions are no less than 20
percent of the outstanding amount of the past due
claim.
Where specific provisions are more than 50 percent
of the outstanding amount of the past due claim.
o)
p)
q)
r)
s)
t)
December 31,2015
Bangladesh
Bank's Rating
Grade
2. Claims fully secured against residential property

that are past due for more than 90 days and /or
impaired and specific provision held there-against is
less than 20% of outstanding amount.
3. Loans and Claims fully secured against
residential property that are past due for more than
90 days and or impaired and specific provision held
there-against is more than 20% of outstanding
amount.
Capital Market Exposures
Unlisted equity investments and regulatory Capital
instruments issued by other banks ( Other than
those deducted from capital) held in the banking
Investments in venture capital
Investments in premises, plant and equipment and
Claims on all fixed assets under operating lease
All other assets:
i) Claims on GoB & BB
ii) Staff Loans
iii) Cash items in Process of Collection
iv) Claims on offshore Banking Unit
iv) Other assets (not specified above) [net of
specific provision if any
Total
Exposure
December 31,2014
Risk
Exposure Weighted
Assets
118.94
242.12
-
12.25
8.11
-
285.06
109.42
72.55
296.98
126.56
64.81
125.36
382.65
94.92
64.81
62.68
382.65
150%
287.30
430.95
467.68
701.52
100%
120.03
120.03
69.68
69.68
50%
38.26
19.13
59.16
29.58
100%
35.84
35.84
35.33
35.33
75%
4.09
3.07
4.64
3.48
125%
188.42
235.52
176.12
220.15
125%
257.58
321.98
246.03
307.54
150%
100%
100%
262.82
-
262.82
-
167.62
-
167.62
-
0%
20%
20%
100%
74.79
59.69
0.09
118.53
11.94
0.02
118.53
76.72
65.78
0
38.33
13.16
38.33
100%
88.23
13,869.50
88.23
9,118.10
188.97
12,555.64
188.97
8,072.23
a ii). Risk Weighted Assets for Off-balance sheet exposure

a. Claims on Bangladesh Government and Bangladesh
Bank
b. Claims on other Sovereigns & Central Banks
c. Claims on Bank for International Settlements
International Monetary Fund and European Central
Bank
d. Claims on Multilateral Development Banks (MDBs)
i) IBRD, IFC, ADB, AFDB, EBRD, IADB, EIB, EIF, NIB,
CDB, CEDB
ii) Other MDBs
Page
164
1
2,3
4,5
6
Unrated
0%
0%
0%
0%
0%
20%
50%
100%
150%
50%
SL.
No.
Particulars
e. Claims on Public Sector Entities ( other than

Government) in Bangladesh
f.
Claims on Banks and NBFIs

ii) Original maturity less than 3 months

g) Claims on Corporate
h) Claims on SME
December 31,2015
Bangladesh
Bank's Rating
Grade
Risk
Weight
1
1,2
4,5
6
Unrated
20%
50%
100%
150%
50%
1
2,3
4,5
6
Unrated
December 31,2014
Risk
Exposure Weighted
Assets
1
2
20%
50%
100%
150%
100%
20%
20%
50%
469.92
487.23
Risk
Weighted
Assets
93.98
243.61
3,4
5,6
Unrated
SME 1
SME 2
SME 3
SME 4
SME 5
SME 6
100%
150%
125%
20%
40%
60%
80%
120%
150%
408.44
390.80
6.15
265.06
-
408.44
488.50
3.69
212.05
-
Unrated
3.00M)
Unrated
75%
108.11
81.09
100%
298.36
298.36
Exposure
265.97
694.97
53.19
347.49
626.93
336.19
29.69
-
626.93
420.24
17.81
-
BDT 3.00M
& medium
enterprise)
i)
Claims against retail portfolio and small & medium

enterprise (excluding consumer loan)
j) Consumer Loan
k) Claims fully secured by residential property
l) Claims fully secured by commercial real estate
m Investments in venture capital
n All other assets
75%
100%
50%
100%
150%
100%
Total
2,434.07
1,829.72
264.23
-
198.18
-
2,217.98
1,663.84
b. Risk Weighted Assets for Market Risk Balance Sheet Exposure

Sl.
No
Particulars
A. Interest Rate Related Instruments

B. Equities
C. Foreign Exchange Position
Total (A+B+C)
Capital
Total
Risk Weighted Assets
Capital
Charge
against Market Risk
Charge for
for
December
December
Market
General
Risk
31,2015
31,2014
Market
1.23
1.23
12.33
94.10
10.88
10.88
21.76
217.62
231.00
1.81
1.81
18.09
193.90
10.88
13.92
24.80
248.04
519.00
Capital Charge
for Specific Risk
c. Risk Weighted Assets for Operational Risk

SL.
No.
A. 2013
B. 2014
C. 2015
Year
Gross Income
650.75
723.19
784.85
Capital
Average
Charge for
Gross
Operation
Income
al Risk
719.60
107.94
Risk Weighted Assets

against Operational
December December
31,2015
31,2014
1,079.40
1,016.99
Page
165
Computation of Risk Weighted Assets (RWA)-Consolidated Basis

Total Risk Weighted Assets (RWA)
Particulars
December 31,2015
December 31,2014
A. Credit Risk:
On-Balance Sheet
9,242.41
8,149.63
Off-Balance Sheet
1,829.72
1,663.84
B. Market Risk
257.68
525.80
C. Operational Risk
1,183.71
1,098.28
12,513.52
11,437.54
Total Risk Weighted Assets (A+B+C)
a. i) Risk Weighted Assets for Credit Risk On Balance Sheet Exposure
SL.
No.
Particulars
Bangladesh
Bank's Rating
Grade
a) Cash
Claims on Bangladesh Government and
b) Bangladesh Bank
Claims on other Sovereigns & Central Banks
c) Claims on Bank for International Settlements
International Monetary Fund and European
Central Bank
d) Claims on Multilateral Development Banks
(MDBs)
i) IBRD, IFC, ADB, AFDB, EBRD, IADB, EIB,
EIF, NIB, CDB, CEDB
ii) Other MDBs
e) Claims on Public Sector Entities ( other than

f) Claims on Banks and NBFIs

ii) Original maturity up to 3 months

h) Claims on SME
Page
166
1
2,3
4,5
6
Unrated
1
2,3
4,5
6
Unrated
1
2,3
4,5
6
Unrated
1
2
3,4
5,6
Unrated
SME 1
SME 2
SME 3
SME 4
SME 5
SME 6
Unrated
3.00M)
Unrated
BDT 3.00M
& medium
enterprise)
December 31,2015
Risk
Risk
Exposure Weighted
Weight
Assets
December 31,2014
Risk
Exposure Weighted
Assets
0%
119.16
117.35
0%
2,713.41
2,790.54
0%
0%
0%
0%
20%
50%
100%
150%
50%
20%
50%
100%
150%
50%
20%
50%
100%
150%
100%
20%
20%
50%
100%
150%
125%
20%
40%
60%
80%
120%
150%
75%
418.94
263.91
580.66
1,608.74
1,121.34
855.42
12.39
65.01
210.60
19.70
741.34
418.94
52.78
116.13
804.37
1,121.34
1,069.28
4.95
39.00
168.48
23.64
556.00
100%
2,317.64
2,317.64
68.28
374.4
410.97
1432.05
981.34
728.10
33.85
300.16
72.44
2,590.89
68.28
74.88
82.19
716.03
981.34
910.13
13.54
180.10
54.33
2,590.89
SL.
No.
Particulars
i) Claims under Credit Risk Mitigation
j)
Claims categorized as retail portfolio (excluding SME

Consumer Finance & Staff loan) up to 1 crore
k) Consumer Loan
l) Claims fully secured by residential property
m) Claims fully secured by commercial real estate
n) 1. Past due claims (Risk weights are to be assigned net of
specific provision)
Where specific provisions are less than 20 percent of the
outstanding amount of the past due claim
Where specific provisions are no less than 20 percent of
the outstanding amount of the past due claim.
Where specific provisions are more than 50 percent of the
outstanding amount of the past due claim.
2. Claims fully secured against residential property that
are past due for more than 90 days and /or impaired and
specific provision held there-against is less than 20% of
outstanding amount.
3. Loans and Claims fully secured against residential
property that are past due for more than 90 days and or
impaired and specific provision held there-against is more
than 20% of outstanding amount.
o)
Capital Market Exposures
p) Unlisted equity investments and regulatory Capital
instruments issued by other banks ( Other than those
deducted from capital) held in the banking book
q)
Investments in venture capital
r) Investments in premises,plant and equipment and all
other fixed assets
s) Claims on all fixed assets under operating lease
t) All other assets:
i) Claims on GoB & BB
ii) Staff Loans
December 31,2015
Risk
Risk
Exposure Weighted
Weight
Assets
PSE
N/A
Banks & NBFIs
N/A
Corporate
N/A
172.53
15.77
Retail & Small
N/A
98.24
3.85
Cons.Finance
N/A
122.97
1.81
Res. Property
N/A
Comm. Real estate
N/A
Bangladesh
Bank's Rating
Grade
December 31,2014
Risk
Exposure Weighted
Assets
118.94
242.12
-
12.25
8.11
-
75%
100%
50%
100%
380.08
109.42
145.10
296.98
285.06
109.42
72.55
296.98
126.56
64.81
125.36
382.65
94.92
64.81
62.68
382.65
150%
287.30
430.95
467.68
701.52
100%
120.03
120.03
69.68
69.68
50%
38.26
19.13
59.16
29.58
100%
35.84
35.84
35.33
35.33
75%
4.09
3.07
4.64
3.48
125%
500.09
625.12
460.74
575.93
125%
34.52
43.15
20.18
25.23
150%
100%
100%
264.20
-
264.20
-
169.33
-
169.33
-
0%
20%
97.60
59.69
11.94
97.35
65.78
13.16
iii) Cash items in Process of Collection
20%
0.09
0.02
iv) Claims on offshore banking Unit

v) Other assets (not specified above) [net of specific
provision if any
Total
100%
118.53
118.53
38.33
38.33
100%
92.44
14,026.26
92.44
9,242.41
190.96
12,639.97
190.96
8,149.63
a ii). Risk Weighted Assets for Off-balance sheet exposure
a. Claims on Bangladesh Government and

b. Claims on other Sovereigns & Central Banks
c. Claims on Bank for International Settlements
International Monetary Fund and European
Central Bank
d. Claims on Multilateral Development Banks
(MDBs)
i) IBRD, IFC, ADB, AFDB, EBRD, IADB, EIB, EIF,
NIB, CDB, CEDB
ii) Other MDBs
e. Claims on Public Sector Entities ( other than

1
2,3
4,5
6
Unrated
1
1,2
4,5
6
Unrated
0%
0%
0%
0%
0%
20%
50%
100%
150%
50%
20%
50%
100%
150%
50%
Page
167
SL.
No.
Particulars
f. Claims on Banks and NBFIs

ii) Original maturity less than 3 months

h) Claims on SME
i) Claims against retail portfolio and small &

medium enterprise (excluding consumer
j) Consumer Loan
k) Claims fully secured by residential property
l) Claims fully secured by commercial real estate
m Investments in venture capital
n All other assets
Total
Bangladesh
Bank's Rating
Grade
1
2,3
4,5
6
Unrated
1
2
3,4
5,6
Unrated
SME 1
SME 2
SME 3
SME 4
SME 5
SME 6
Unrated
3.00M)
Unrated
BDT 3.00M
& medium
enterprise)
Risk
Weight
20%
50%
100%
150%
100%
20%
20%
50%
100%
150%
125%
20%
40%
60%
80%
120%
150%
75%
December 31,2015
Risk
Exposure Weighted
Assets
469.92
93.98
487.23
243.61
408.43
408.43
390.80
488.50
6.15
3.69
265.06
212.05
108.11
81.09
100%
298.37
298.37
75%
100%
50%
100%
150%
100%
2,434.07
1,829.72
December 31,2014
Risk
Exposure
Weighte
d Assets
265.97
694.97
626.93
336.19
29.69
-
264.23
2,217.98
December 31
2015
Page
168
53.19
347.49
626.93
420.24
17.81
-
198.17
1,663.84
December 31
2014
Sl.
No
1
Name of Directors
Mr. S.M. Abu Mohsin
Status
with the
NCCBL
Name of the firms/companies in which interested as proprietor,

partner, Director,managing agent, guarantor, employee etc.
% of
interest
Chairman
Continental Insurance Limited, Director

3.77%
Alliance Deep Sea Fishing Ltd, Chairman
12.50%
Brothers Oxygen Ltd., Managing Director
80.00%
Food & Accommodation Limited, Chairman
33.32%
Rainbow CNG Service Station Ltd., Managing Director
58.50%
Mrs. Sohela Hossain
Vice Chairman Mir Akhter Hossain Ltd., Director
15.00%
Mir Cement Ltd., Director
25.00%
Mir Real Estate Ltd., Director
25.00%
Mir Concrete Products Ltd.,Director
25.00%
Mir Telecom Ltd., Chairman
12.37%
Mir Power Ltd., Director
25.00%
Mir Group of Companies Ltd., Director
25.00%
Mir Supply Chain Ltd., Director
25.00%
Rego Communications Ltd.,Director
25.00%
Mr. A.S.M. Main Uddin Monem
Director
Abdul Monem Limited, Director
15.00%
Abdul Monem Sugar Refinery Limited, Director
12.95%
Igloo Foods Limited, Director
15.38%
AM Securities & Financial Services Limited.,Managing Director 93.33%
AM Energy Limited, Director
15.00%
Igloo Ice Cream Limited, Director
16.67%
Novus Pharmaceuticals Limited. ,Managing Director
14.93%
Igloo Dairy Limited, Director
18.18%
AM Channel Limited, Director
25.00%
AM Auto Bricks Limited, Director
20.00%
AM Bran Oil Company Limited, Director
9.80%
AM Asphalt & Ready Mix Limited, Director
20.00%
Abdul Monem Economic Zone Limited, Director
37.35%
AM Foods Limited, Director
25.00%
AM Development limited, Director
25.00%
AML Power Limited. ,Director
10.00%
AML Power Infotech Limited, Director
10.00%
AM Pharma Limited., Managing Director
18.00%
AM Beverage Limited. ,Director
20.00%
AM Consulting Limited, Director
33.33%
MM Holdings Limited, Director
98.00%
AM Capital & Investment Limited, Director
94.00%
AM Agricultural Products Limited,
33.33%
Millennium Cement Limited
10.00%
Joinab Enterprise, Proprietorship
100.00%
Joinab Overseas, Proprietorship
100.00%
Pragati Insurance Company Limited, Shareholder
0.20%
Mr. Md. Abdul Awal
Director
Unique Steel Industries Ltd., Managing Director
8.33%
Steel Enterprise Ltd, Managing Director
0.49%
Prime Steel Re-relling Mills Ltd,Managing Director
0.265%
Jahanabad Ship Breakers Ltd, Chairman
50.00%
Prime Textile Spinning Mills Ltd,Managing Director
6.12%
Prime Peoples Property Ltd,Managing Director
14.40%
Doleswar Iron & Engg. Works Ltd, Managing Director
6.00%
Prime Trans National Ltd,Managing Director
0.200%
Prime World Trade Ltd, Managing Director
80.00%
Prime Super Printing Mills Ltd, Managing Director
80.00%
Prime Synthetic Yarn Mills Ltd, Managing Director
80.00%
Prime Dyeing & Finishing Mills Ltd, Managing Director
80.00%
Prime Blended Yarn Mills Ltd, Managing Director
99.912%
Prime Weaving Mills Ltd, Managing Director
80.00%
Prime Composite Mills Ltd,Managing Director
6.509%
Prime Dairy & Poultry Ind. Ltd,Managing Director
80.00%
Page
169
Sl.
No
Name of Directors
Status
with the
NCCBL
Mr. Md. Abdul Awal
Director
Director
Director
Mr. Abdus Salam
Director
Mr. Yakub Ali
Director
Page
170

% of
interest
Prime Fisheries Industries Ltd, Managing Director

Prime Melange Yarn Mills Ltd, Managing Director
Prime Knitwears Ltd., Managing Director
Prime Information Technology Ltd, Managing Director
Prime Group of Industries Ltd, Managing Director
Prime Knit Fabrics Ltd, Managing Director
Prime Textile Fabrics Ltd, Managing Director
Prime Energy Ltd., Managing Director
Prime Fine Yarn Mills Ltd, Managing Director
Prime Ship Breakers Ltd, Chairman
Prime Ship Recycling Ltd, Chairman
Prime FSS Ship Breakers Ltd, Chairman
Prime Steel Mills Ltd. Managing Director
Prime Ship Building Ltd., Managing Director
Prime Financial Consultants & Equities Ltd, Chairman
Royal International, Proprietor
Electro Mart Limited, Chairman
Trade International Marketing Ltd., Chairman
Newaz International Ltd., Managing Director
The Royal Bengal Agency, Proprietor
Central Insurance Company Limited, Shareholder
Electro Appliances Mfg.Industries Limited , Chairman
B.S.A. Garments Ind. (Pvt.) Limited, Managing Director
B.S.A. Fashion Limited, Managing Director
B.S.A. Apparels Limited, Managing Director
Vanguard Garments Ltd., Managing Director
Vanguard Fashion Ltd., Managing Director
Vanguard Dresses Limited, Managing Director
Vanguard Packages Limited, Managing Director
Vanguard Maritime Limited, Chairman
Vanguard Designers Limited, Chairman
BSA Shipping Limited, Director
Glare Fashion Limited, Managing Director
Royal Cement Limited, Chairman
Brave Royal Shipping Limited, Managing Director
Royal P. P Bags Limited, Chairman
Harrods Garments Ltd., Director
S.N.Sports Wear Limited, Director
Glare Trading, Importer of Ahmed Foods , Proprietor
Vanguard Shares & Securities Ltd., Director
The Bengal Electric Ltd., Managing Director
Multipul Equipment & Engineering Ltd., Managing Director
Gangatia Fisheries Ltd., Managing Director
Bengal Shipyard Ltd., Managing Director
Ali Fashion Limited, Chairman
Anowara Apparels Limited, Chairman
Anowara Fashions Limited, Chairman
Anowara Paper Mills Limited, Chairman
Bangladesh Fertilizer & Agro Chemicals Limited, Director
Diamond Cement Limited, Chairman
Habib Printers and Publisher Limited, Chairman
Habib Share & Securities Limited, Chairman & Managing Director
Habib Sons, Managing Partner
Habib Steels Limited, Chairman
HG Aviation Limited, Director
Legacy Fashion Ware Limited., Chairman
Maam Textile Mills Limited, Chairman
MTS Re-rolling Mills Limited, Chairman
Mudys Navigation Limited, Chairman
Noor Garments Limited, Chairman
80.00%
12.50%
60.00%
50.00%
20.00%
75.00%
75.00%
35.00%
60.00%
25.93%
15.50%
20.00%
10.00%
50.00%
48.29%
100.00%
17.50%
20.00%
35.00%
100.00%
2.50%
30.00%
19.00%
50.00%
25.00%
50.00%
15.00%
33.00%
33.00%
30.00%
40.00%
30.00%
50.00%
10.00%
20.00%
15.00%
25.00%
19.00%
100.00%
6.00%
70.00%
60.00%
20.00%
25.00%
23.81%
22.22%
21.83%
35.00%
18.35%
11.56%
33.35%
16.67%
1:3
33.34%
8.33%
10.60%
16.00%
23.34%
35.00%
31.25%
Sl.
No
Name of Directors
Mr. Yakub Ali
Mr. Md. Abul Bashar
10
11
12
Mr. Md. Moinuddin
13
Mr Md. Amirul Islam, FCS, FCA
14
Mr. K.A.M. Haroon
Status
with the
NCCBL
Director

Ocean Merit Pte. Ltd., Director

Regent Energy and Power Limited, Chairman
Regent Fabrics Limited, Chairman
Regent Power Limited, Chairman
Regent Spinning Mills Limited., Chairman
Regent Textile Mills Limited., Chairman
Regent Weaving Limited, Chairman
Saims Superior Limited, Chairman
Valiant Fashion Ware Limited, Chairman
Valiant Garments Limited, Chairman
Director
Unique Steel Industries Ltd; Dy. Managing Director
Steel Enterprise Ltd; Dy. Managing Director
Prime Steel Re-relling Mills Ltd; Dy. Managing Director
Jahanabad Ship Breakers Ltd; Managing Director
Prime Textile Spinning Mills Ltd;Dy. Managing Director
Prime Peoples Property Ltd; Dy. Managing Director
Doleswar Iron & Engg. Works Ltd; Dy. Managing Director
Prime Trans National Ltd; Dy. Managing Director
Prime World Trade Ltd; Dy. Managing Director
Prime Super Printing Mills Ltd; Dy. Managing Director
Prime Synthetics Yarn Mills Ltd; Dy. Managing Director
Prime Dyeing & Finishing Mills Ltd; Dy.Managing Director
Prime Blended Yarn Mills Ltd; Dy. Managing Director
Prime Weaving Mills Ltd; Dy. Managing Director
Prime Composite Mills Ltd; Dy. Managing Director
Prime Dairy & Poultry Ind. Ltd; Dy.Managing Director
Prime Fisheries Industries Ltd; Dy.Managing Director
Prime Melange Yarn Mills Ltd; Dy.Managing Director
Prime Knit Wears Ltd; Dy.Managing Director
Prime Information Technology Ltd; Dy.Managing Director
Prime Group of Industries Ltd; Dy.Managing Director
Prime Knit Fabrics Ltd; Dy.Managing Director
Prime Textile Fabrics Ltd, Dy.Managing Director
Prime Energy Ltd; Dy.Managing Director
Prime Fine Yarn Mills Ltd; Dy.Managing Director
Prime Steel Mills Ltd; Dy.Managing Director
Prime Ship Breakers Ltd, Managing Director
Prime Financial Consultants & Equities Ltd, Managing Director
Prime Ship Recycling Ltd; Managing Director
Prime FSS Ship Breakers Ltd, Managing Director
Prime Ship Building Ltd; Dy.Managing Director
Director
Apurba Embroidery, Proprietor
HR Bricks, Proprietor
Faridgonj Fisheries Ltd; Managing Director
NCC Holdings Limited, Managing Director
Nazma Construction Company, Proprietor
Global Insurance Ltd; Sponsor Shareholders
Director
Desh Medical College & Hospital, Chairman
Desh Diagnostic Center, Chairman
Gulshan Point (Pvt) Ltd., Managing Director
Gold Vision Industries Ltd., Managing Director
Eastern Logistics Ltd., Director
Maxwell Electronics, Proprietor
Director
Janata Real Estate, Managing Director
Central Paris, Managing Director
Gausia Trading, Proprietor
Salam Trading
Independent Director The Dacca Dyeing & Manufacturing Co. Limited, Independent Director
Hakkani Pulp and Paper Mills Limited, Independent Director
K.M. Hasan & Co. Chartered Accountants, Senior partner
Independent Director Working as Deputy Team Leader under 'Regional Co-operation and Integration Project-Rail
Component'. A joint venture project of CANARAIL, SMEC, DB, ACE Consultants Ltd.
% of
interest
10.00%
0.02%
16.67%
13.33%
1.09%
22.11%
33.33%
1.00%
16.67%
16.84%
4.17%
0.01%
0.006%
10.00%
5.00%
0.20%
3.00%
0.005%
2.00%
2.00%
2.00%
2.00%
0.009%
2.00%
0.219%
3.00%
3.00%
1.00%
5.00%
25.00%
1.00%
5.00%
5.00%
5.00%
5.00%
2.00%
5.19%
16.46%
10.00%
6.00%
8.00%
100.00%
100.00%
95.00%
95.00%
100.00%
2.23%
50.00%
50.00%
30.00%
30.00%
5.00%
100.00%
60.00%
70.00%
100.00%
65.00%
Nil
Nil
Nil
Nil
Page
171
Page
172
4
5
2
3
SL.
No.
M/S A.Parvez Chowdhury

FASN Corporation
Amjadul Forhad Chowdhury & allied
Habib Sons
Habib Shares & Securities Ltd.
Prime Steel Re-rolling Mills Limited
Shaheedullah & Associates
Name of the Organization
Representing Directors
Nature of
Transaction
Figure in Lac
1.11
1.11
36.36
191.15
52.93
871.14
0.13
87.68
1.11
93.91
1,334.41
Outstanding Outstanding
Total
(Funded) (Non-funded) Outstanding
Guarantor
CC(H)
36.36
do
do
SOD(G)
191.15
do
do
HBL
52.93
Self
Term Loan
871.14
Managing Partner
Mr. Yakub Ali
CC(H)
0.13
Chairman & Managing Director
do
SOD(G)
87.68
Managing Director
Mr. Md. Abdul Awal
B/G
Guarantor
Mrs. Sohela Hossain
SOD(G)
93.91
Total
1,333.30
Directors
relation with
the concern
The Significant Related party transactions during the year were as follows:
The Bank in normal course of business has had transactions with other entities that fall within the definition of related party as contained in Bangladesh Accounting
Standards (BAS-24) (Related Party Disclosures) and as defined in the BRPD Circular # 14 dated 25 June 2003.
a.(i) Disclosure regarding outstanding repo as on 31 December 2015

Sl.
No
Counter Party Name
Agreement Date
Reversal Date
Amount
(1st leg cash consideration)
NIL
a.(ii) Disclosure regarding outstanding reverse repo as on 31 December 2015

Sl.
No
Counter Party Name
Agreement Date
Reversal Date
Amount
(1st leg cash consideration)
NIL
b.Disclosure regarding overall transaction of repo and reverse repo.
Particulars
Minimum
outstanding
during the year
Maximum
outstanding
during the year
Daily average
outstanding
during the year
Securities sold under repo:

i) with Bangladesh Bank
6,892,310,000
694,733,616
ii) with other banks & FIs
4,494,856,500
660,520,056
i) from Bangladesh Bank
2,550,000,000
75,835,616
ii) from other banks & FIs
3,391,857,249
166,239,209
Securities purchased under repo:
Page
173
CONSOLIDATED FINANCIAL HIGHLIGHTS

For the year ended on 31 December 2015
Sl. No
2015
Taka
Particulars
Paid-up capital
Total capital
Capital surplus/(deficit)
2014
Taka
8,832,180,030
8,029,254,580
16,623,136,620
15,131,944,069
4,109,613,103
3,694,400,069
Total assets
147,610,803,254
135,996,552,482
Total deposits
112,486,283,039
105,458,206,463
Total loans & advances
107,971,500,888
93,766,512,875
Total contingent liabilities
34,252,938,126
34,521,569,977
Credit deposit ratio*
83.57%
77.41%
Percentage of classified loans against total loans & advances
7.18%
7.49%
10
Profit after tax & provision
1,385,384,882
1,494,682,198
11
Amount of classified loan during current year
7,409,954,229
6,735,516,359
12
Provision kept against classified Loans
3,169,664,725
2,705,151,901
13
Provision surplus / (deficit)
14
Cost of fund ( %)
15
Interest earning assets
16
9.84%
10.81%
126,328,237,036
122,718,735,155
Non-interest earning assets
21,282,566,218
13,277,817,327
17
Return on investment (ROI)
11.23%
11.49%
18
Return on assets (ROA)
0.98%
1.15%
19
Income from investment
2,702,145,147
2,673,127,057
20
Earnings per share ( Taka)
1.57
1.69
21
Net income per share (Taka)
1.57
1.69
22
Price earning ratio (Times)
5.80
6.62
* Credit deposit ratio (CDR) calculation is made as per Bangladesh Bank guidelines.
Page
174
FINANCIAL HIGHLIGHTS OF THE BANK

For the year ended on 31 December 2015
Sl. No
2015
Taka
Particulars
Paid-up capital
Total capital
Capital surplus /(deficit)
2014
Taka
8,832,180,030
8,029,254,580
16,594,152,814
15,127,423,127
4,318,892,416
3,855,367,627
Total assets
146,369,952,351
135,159,523,539
Total deposits
112,722,210,375
105,703,614,110
Total loans & advances
104,854,725,530
90,920,772,028
Total contingent liabilities
34,252,938,126
34,521,569,977
Credit deposit ratio*
83.57%
77.41%
Percentage of classified loans against total loans & advances
7.18%
7.49%
10
Profit after tax & provision
1,363,816,734
1,501,329,218
11
Amount of classified loan during current year
7,409,954,229
6,735,516,359
12
Provision kept against classified Loans
3,169,664,725
2,705,151,901
13
Provision surplus/(deficit)
14
Cost of fund ( %)
15
Interest earning assets
16
9.84%
10.81%
125,329,725,882
112,222,257,434
Non-interest earning assets
21,040,226,469
22,937,266,105
17
Return on investment (ROI)
11.25%
11.50%
18
Return on assets (ROA)
0.97%
1.16%
19
Income from investment
2,701,523,938
2,672,992,807
20
Earnings per share ( Taka)
1.54
1.70
21
Net income per share (Taka)
1.54
1.70
22
Price earning ratio (Times)
5.89
6.59
* Credit deposit ratio (CDR) calculation is made as per Bangladesh Bank guidelines.
Page
175
Page
176
43,068,398
43,068,398
43,068,398
1,534,705
1,534,705
7,481,573
34,052,120
34,052,120
1,134,440,532
1,134,440,532
357,508,290
357,508,290
NCCB Capital
Limited
30,880
30,880
(30,880)
(30,880)
263,701,884
263,701,884
263,701,884
263,701,884
291,250,636
291,250,636
291,250,636
286,116,720
286,116,720
18,195,005
(13,061,090)
13,100,602
(26,161,692)
5,777,859,264
5,777,859,264
5,777,859,264
5,777,859,264
Investment
(NCCBSFSL & NCCBCL)
291,250,636
291,250,636
291,250,636
286,085,840
286,085,840
18,195,005
(13,030,210)
13,100,602
(26,130,812)
5,514,157,380
5,514,157,380
5,514,157,380
5,514,157,380
Off-Shore
Banking Units
43,068,398
43,068,398
43,068,398
1,534,705
1,534,705
7,481,573
34,052,120
34,052,120
1,134,440,532
1,134,440,532
357,508,290
357,508,290
Conventional
Banking
14,986,828,302
222,924,029
14,763,904,273
14,763,904,273
11,162,101,855
267,887,792
10,894,214,063
1,656,070,964
2,213,619,246
900,763,379
1,312,855,867
145,235,511,819
4,537,008,360
140,698,503,459
146,012,444,061
4,537,008,360
141,475,435,701
NCCB Securities
and Financial Services
Limited (NCCBSFSL)
In Bangladesh
NCC Bank Limited
Off-Shore
(Conventional Banking) Banking Units
Income
14,986,828,302
Less: Inter segmental income
222,924,029
Total income
14,763,904,273
Operating profit (profit before unallocated expenses and tax) 14,763,904,273
Allocated expenses
11,162,101,855
Less: Inter segmental expenses
267,887,792
Total expenses
10,894,214,063
Provision against loans and advances and others
1,656,070,964
Profit/(Loss) before tax
2,213,619,246
Income tax including deferred tax
900,763,379
Net profit after tax
1,312,855,867
Segment assets
145,235,511,819
Less: Inter segmental assets
4,537,008,360
Total assets
140,698,503,459
Segment liabilities & equity
146,012,444,061
Less: Inter segmental liabilities
4,537,008,360
Total liabilities & equity
141,475,435,701
Particulars
ii) Business Segment
Income
Less: Inter segmental income
Total income
Operating profit (profit before unallocated expenses and tax)
Allocated expenses
Less: Inter segmental expenses
Total expenses
Provision against loans and advances and others
Profit/(loss) before tax
Income tax including deferred tax
Net profit after tax
Segment assets
Less: Inter segmental assets
ii) Business Segment
Total assets
Segment liabilities & equity
Less: Inter segmental liabilities
Total liabilities & equity
Particulars
i) Gegraphical Segment
Financial reporting by segmints
447,500
447,500
447,500
10,112,025
10,112,025
(9,664,525)
(9,664,525)
-
Remittance
(outside Bangladesh)
447,500
447,500
447,500
10,112,025
10,112,025
(9,664,525)
(9,664,525)
-
NCCB Exchange
(UK) Limited
Outside Bangladesh
15,321,594,836
222,924,029
15,098,670,806
15,098,670,806
11,459,865,305
267,887,792
11,191,977,513
1,681,747,542
2,224,945,752
913,863,981
1,311,081,771
152,147,811,614
4,537,008,360
147,610,803,254
152,147,811,614
4,537,008,360
147,610,803,254
Total
15,321,594,836
222,924,029
15,098,670,806
15,098,670,806
11,459,865,305
267,887,792
11,191,977,513
1,681,747,542
2,224,945,752
913,863,981
1,311,081,771
152,147,811,614
4,537,008,360
147,610,803,254
152,147,811,614
4,537,008,360
147,610,803,254
Total
Amount in Taka
PROPERTY AND ASSETS
Notes
USD
Cash
In Bangladesh
Outside Bangladesh
31.12.2015
BDT
31.12.2014
BDT
648,400
648,400
50,899,365
50,899,365
67,212
67,212
5,235,777
5,235,777
14,158,850
14,158,850
1,118,903,107
1,118,903,107
4,700,422
4,700,422
370,745,781
370,745,781
Fixed assets including premises, furnitures and fixtures 5

Other assets
6
Non-banking assets
TOTAL ASSETS
197,929
15,005,178
15,537,425
1,185,339,897
134,631
4,902,264
10,555,063
386,536,620

Liabilities
Borrowings from other banks, financial
institutions and agents
Bills payable
Fixed deposits
Term deposits
7
8
14,697,111
-
1,153,723,231
-
4,858,461
-
383,332,567
-
141,588
14,838,700
11,189,031
1,164,912,262
47,004
4,905,465
3,707,458
387,040,025
Loans and advances

Other liabilities
TOTAL LIABILITIES
Paid up capital
Statutory reserve
General reserve
Revaluation gain/(loss)
Surplus in profit and loss A/C
CONTRA ENTRIES
Off balance sheet items:
Capital commitments
TOTAL OFF BALANCE SHEET ITEMS
USD
4
4.1
4.2
9.2
10
166,479
166,479
15,005,178
7,639,571
12,788,064
20,427,636
1,185,339,897
(3,201)
(3,201)
4,902,264
(274,119)
(229,286)
(503,405)
386,536,620
11
-
These financial statements should be read in conjunction with the annexed notes.
Page
177
Notes
USD
2015
BDT
Interest income
12
555,220
43,068,398

Net interest income
Legal expenses
Audit fee
Depreciation and repair of bank's assets
Other expenses
13
290,061
265,159
265,159
895
895
264,264
94,584
94,584
94,584
169,679
169,679

Specific provision
General provision
Provision for gratuity
Provision for incentive Bonus
Total provisions
Profit before tax
Provision for tax
Current tax
Deferred Tax
Profit after tax
Page
178
14
15
16
17
18
19
20
21
22
USD
2014
BDT
134,631
10,555,063
22,500,049
20,568,349
20,568,349
69,425
69,425
20,498,924
92,751
41,879
41,879
41,879
7,225,340
3,329,723
3,329,723
3,329,723
7,481,573
44,354
44,354
44,354
(2,475)
(2,475)
3,500,493
3,500,493
3,500,493
(170,770)
(170,770)
7,481,573
7,481,573
13,017,350
13,017,350
2015
USD
2014
BDT
USD
BDT

Dividend received
Income taxes paid
Operating profit before changes in operating assets and liabilities
Increase/(decrease) in operating Assets & Liabilities
Purchase-sale of trading securities
Loans and advances to customers ( Other than Banks)
Other assets
Deposits/ borrowings from other Banks
Deposits from customers ( Other than Banks)
Other liabilities
Net Cash received from operating activities
Payment for purchase of Securities
491,922
(290,061)
(895)
200,965
38,086,035
(22,500,049)
(69,425)
15,516,561
4,152
(94,979)
(90,827)
320,301
(7,397,192)
(7,076,891)
(9,458,428)
-
(748,157,326)
-
(4,435,422)
-
(350,049,281)
-
9,838,650
-
770,390,663.39
-
4,593,461
-
362,638,585
-
581,188
37,749,899
67,212
5,512,413
D)
E)
F)
G)
Received from issue of loan capital and debt securities

Payment for redemption of loan capital & debt security
Net (decrease) / increase in cash (A+B+C)
Effects of exchange rate changes on cash and cash-equivalents
Opening cash and cash-equivalents
Closing cash and cash-equivalents (D+E+F)
581,188
37,749,899
67,212
5,512,413
67,212
648,400
7,913,690
5,235,777
50,899,365
67,212
(276,636)
5,235,777
These financial statements should be read in conjunction with the annexed notes
Page
179
1.1 Status of the Units

Off-shore Banking Unit (OBU) of NCCBL governed under rules and guidelines of Bangladesh Bank. The Bank obtained
permission from Bangladesh Bank for operating of Off-shore Banking units located at our Foreign Exchange Branch & Agrabad
Branch vide Bangladesh Bank Letter No. BRPD (P-3)744(113)/2010-1648 dated 02 May 2010. The Bank commenced the
operation of its Off-shore Banking Units from 26 August 2013 at Foreign Exchange Branch, Dhaka. Operation of OBU located at
Agrabad Branch, Chittagong will be started within very soon.
1.1.1 Principal activities
The principal activities of the OBU are to provide all kinds of commercial banking services to its customers through its Offshore Banking units in Bangladesh.
1.2 Significant accounting policies and basis of preparation of financial statements
1.2.1 Basis of accounting
The off-shore banking Units maintain its accounting records in USD from which accounts are prepared according to the Bank
Companies Act-1991, Bangladesh Accounting Standards (BASs), Bangladesh Financial Reporting Standards (BFRSs) Other laws
and regulations applicable in Bangladesh and applicable directives issued by Bangladesh Bank.
1.2.2 Use of estimates and judgments
The preparation of financial statements requires management to make judgment, estimates and assumptions that affect the
application of accounting policies and the reported amounts of assets. Liabilities, income and expenses. Actual expenses may
differ from these estimates. The figure appearing in these financial statements have been rounded off to the nearest integer.
1.2.3 Foreign currency transaction
a) Foreign currencies transaction
Foreign currency transactions are converted in to equivalent Taka using the ruling exchange rates on the dates of respective
transactions as per BAS-21 "The effects of changes in Foreign Exchange Rates". Foreign currency balances held in US Dollars
are converted into Taka at weighted average rate of inter-bank market as determined by Bangladesh Bank on the closing date
of every month.
b) Transaction gains and losses
The resulting exchange transaction gains and losses are included in the profit and loss account.
1.2.4 Cash flow statement
Cash flow statement has been prepared in accordance with the BRPD circular no.14 dated 25 June 2003 issued by the Banking
Regulations and Policy Department of Bangladesh bank.
1.2.5 Reporting period
The financial statements cover from 01 January 2015 to 31 December 2015.
1.3 Assets and their valuations
1.3.1 Cash and cash equivalents
cash and cash equivalents include notes and coins on hand, unrestricted balances held with Bangladesh Bank and highly liquid
financial assets which are subject to insignificant risk to change in their fair value, and are used by the unit management for its
short-term commitments.
1.3.2 Loans and Advances
a) Loans and advances of off-shore banking units are stated in the balance sheet on gross
b) Interest is calculated on a daily product basis but charged and accounted for on accrual basis. Interest is not charged on bad
and loss as per guidelines of Bangladesh. Records of such interest amounts are kept in separate memorandum accounts.
1.4 Basis for valuation of liabilities and provisions
Provision for liabilities
A provision for recognized in the balance sheet when the unit has a legal or constructive obligation as a result of a past event
and it is probable that an out flow of economic benefit will be required to settle the obligations, in accordance with the BAS
37 " Provisions, Contingent liabilities and Contingent Assets".
Page
180
1.5 Revenue recognition

1.5.1 Interest income
In terms of the provisions of the BAS-18 " Revenue", the interest income is recognized on accrual basis.
1.5.2 Interest paid
In terms of the provisions of the BAS-1 " Presentation of Financial Statements" interest and other expenses are recognized on accrual basis.
2
General
a) These financial statements are presented in taka, which is the Bank's functional currency. Figure appearing in these financial
statements have been rounded off to the nearest Taka.
b) Assets and liabilities & Income and expenses have been converted into Taka currency closing rate as at transaction date and
average rate.
2015
USD
3
2014
USD
Taka
Balance with other Banks and financial institutions :

In Bangladesh
Outside Bangladesh
Taka
648,400
648,400
50,899,365
50,899,365
67,212
67,212
5,235,777
5,235,777
14,158,850
14,158,850
1,118,903,107
1,118,903,107
4,700,422
4,700,422
370,745,781
370,745,781
Loans and Advances

Loans, cash credits, overdrafts etc.( Note-4.1)
Bills purchased and discounted (Note-4.2)
4.1 Loans, cash credits, overdrafts etc.

Inside Bangladesh:
Outside Bangladesh:
4.2 Bills purchased and discounted
Inside Bangladesh:
Outside Bangladesh:
5
Fixed assets including premises, furniture and fixtures
Other assets
Interest receivable on loans and advances
Borrowing from other banks, financial institutions and agents

Demand borrowing
14,158,850
14,158,850
-
1,118,903,107
1,118,903,107
-
4,700,422
4,700,422
-
370,745,781
370,745,781
-
197,929
15,537,425
134,630.90
10,555,063
197,929
15,537,425
134,630.90
10,555,063
14,697,111
1,153,723,231
4,858,461
383,332,567
8.1 Bills payable:

9
Other liabilities
Provision for loans and advances (Note-9.1)
Interest payable
9.1 Provision for loans and advances

Opening balance
Provision for loans and advances charged during the year
Closing balance
141,588
141,588
11,189,031
11,189,031
47,004
47,004
3,707,458
3,707,458
47,004
94,584
141,588
3,707,458
7,481,573
11,189,031
2,650.00
44,354.22
47,004
206,965.00
3,500,493
3,707,458
Page
181
2015
USD
9.2 Foreign currency translation gain/(loss)
10 Surplus in profit and loss account
Opening balance
Profit/(Loss) during the year
Closing balance
2014
Taka
USD
Taka
7,639,571
(3,201)
169,679
166,479
(229,286)
13,017,350
12,788,064
(274,119)
(726)
(2,475)
(3,201)
(58,516)
(170,770)
(229,286)
11 Contingent liabilities :
11.1 Acceptances and endorsement
11.2 Letter of guarantee
11.3 Letter of credit issued
11.4 Bills for collection
12 Interest income
Interest on loans and advances
555,220
43,068,398
134,631
10,555,063
290,061
22,500,049
92751
7,225,340
13 Interest paid on deposits and borrowings

Interest on borrowings
14 Commission, exchange and brokerage
15 Salary & allowances
16 Rent, taxes, insurance, electricity etc.
17 Legal Expenses
18 Postage, stamp and telecommunication
19 Stationery, printing, advertisement etc.
20 Audit fees
21 Repairs, maintenance, amortization and depreciation

21.1 Repairs & maintenance :
21.2 Depreciation:
22 Other expenses-Service Charge of Nostro Account
Page
182
895
69,425
Dear Shareholders,
Assalamu Alaikum.
On behalf of the Board of Directors of NCCB Securities and Financial Services Limited, I am immensely pleased to present before you
the Directors' Report, Auditors' Report and the Audited Financial Statements of the Company for the year ended on 31st December,
2015 in the 6th Annual General Meeting for consideration, approval and adoption of our valuable shareholders. But before that I
would like to place a brief description of both Bangladesh and Global economic state during the year under report for your reference.
Global Economy:
The world economy is still struggling towards recovery as many high-income countries continue to grapple with the legacies of the
global financial crisis. The recovery in high-income economies has been uneven; as some such as the United States and the United
Kingdom have exceeded pre-crisis output peaks, but others like the Euro zone area are still below earlier peaks. Middle-income
economies have also been less dynamic than in the past for cyclical reasons as well as due to a structural slowdown. Low-income
countries continue to grow at a robust pace, despite a challenging global environment. According to Global Economic Prospects of
the World Bank, growth in South Asia rose to an estimated 6.9 percent in 2015 from a 10-year low of 5.5 percent in 2014.
Bangladesh Economy:
In 2015, Bangladesh witnessed the highest growth rate for the last eight years. The countrys GDP grow by 6.55% in FY 2014-15
compared to FY 2013-14, in spite of political turmoil in the beginning of 2015. The country was also able to achieve the lower
middle income status in 2015, with a per capita income of US$ 1,314.00. Overall, with such a high growth rate, Bangladesh is now
the second fastest growing nation in South Asia, only behind India. Over the years, the Government and the Central Bank have
guided the financial sectors with the objective of achieving macroeconomic stability and growth. This has helped the economy
to maintain a surplus of 6% annual average real GDP growth for almost a decade. Bangladesh has emphasized to improve the labor
and capital efficiencies and increase investment rates, to become a middle income country by 2021.
Capital Market of Bangladesh:
The capital market of Bangladesh is moving towards achieving a solid base. Demutualization in both the exchanges, Dhaka Stock
Exchange Limited and Chittagong Stock Exchange Limited, the strong monitoring in the capital market by Bangladesh Securities
and Exchange Commission using powerful surveillance software, have increased transparency, accountability and stability in the
capital market making the capital market a matter of great attraction to the local and foreign investors in terms of investment in
stocks. During 2014-15, capital market witnessed a squeeze due to various adjustments in the monetary and fiscal policies. The
market lost its usual pace due to the go slow approach of the institutional and individual investors.
Margin loan to the Client:
NCCB Securities and Financial Services Limited has been allowing Margin loan to its valued clients active in capital market under
Margin Rule-1999 of BSEC. Total outstanding balance of the loan as on 31.12.2015 was Tk. 500.09 crore.
Operational Result:
The Company could earn an operational profit of Tk. 0.52 crore for the year ended as on 31st December 2015. Out of this profit,
an amount of Tk. 1.00 crore and Tk. 0.78 crore has been kept against provision for unrealized loss for margin loan and investment
fluctuation in shares respectively. Besides, we have also kept Tk. 0.11 crore against provision for income tax. Thus, under the
unpredictable markets scenario, the Company has made a loss of Tk. 1.37 crore only for the year ended on 31st December, 2015.
Appointment of Auditors:
The auditor of the Company M/S. Shafiq Mizan Rahman & Augustine will retire in this Annual General Meeting (AGM). The Board
of Directors of the Company will recommend for the appointment of an auditor of the Company for the year 2016 for the
approval of the shareholders in the Company's 6th Annual General Meeting (AGM).
Appreciation
On behalf of the members of the Board of Directors of NCCB Securities and Financial Services Limited, I would like to take this
opportunity to record thanks and gratitude to the Govt. of the Peoples' Republic of Bangladesh, Bangladesh Securities and
Exchange Commission, Dhaka Stock Exchange Limited, Chittagong Stock Exchange Limited, different Government Agencies,
Regulatory Bodies, Shareholders, Patrons, Valued Clients for their continuous support, guidance and cooperation and also look
forward to their continued support and cooperation in future.
The Board of Directors also records its thanks to the Management Team and all the employees of the NCCB Securities and
Financial Services Limited for their dedicated services towards the growth of the institution.
On behalf of the Board of Directors,
S. M. Abu Mohsin
Chairman
Page
183
We have audited the accompanying financial statements of NCCB Securities and Financial Services Limited (the
Company), which comprise the Statement of Financial Position as at 31 December 2015 and the related Statement of
Profit or Loss and Other Comprehensive Income, Statement of Changes in Equity and Statement of Cash Flows for the year
then ended, and a Summary of Significant Accounting Policies and Other Explanatory Information.
Managements Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with
Bangladesh Financial Reporting Standards (BFRS), the Companies Act, 1994, the Securities and Exchange Rules ,1987 and
other applicable laws and regulations and for such internal control as management determines is necessary to enable the
preparation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditors Responsibility:
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in
accordance with Bangladesh Standards on Auditing (BSA). Those standards require that we comply with ethical
requirements and perform the audit to obtain reasonable assurance about whether the financial statements are free from
material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial
statements. The procedures selected depend on the auditors judgment, including the assessment of the risks of material
misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor
considers internal control relevant to the entitys preparation and fair presentation of the financial statements in order to
design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on
the effectiveness of the entitys internal control. An audit also includes evaluating the appropriateness of accounting
policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall
presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion:
In our opinion, the financial statements give a true and fair view of the financial position of the Company as at 31
December 2015 and of its financial performance and its cash flows for the year then ended in accordance with the
Bangladesh Financial Reporting Standards (BFRS) and comply with the Companies Act, 1994, the Securities and Exchange
Rules, 1987 and other applicable laws and regulations.
We also report that
a
we have obtained all the information and explanations which to the best of our knowledge and belief were
necessary for the purpose of our audit and made due verification thereof;
in our opinion, proper books of account as required by law have been kept by the Company so far as it appeared
from our examination of those books;
the Companys financial statements dealt with by the report are in agreement with the books of account; and
the expenditures incurred were for the purpose of the companys business:
Dated, Dhaka
March 29, 2016
Page
184
SHAFIQ MIZAN RAHMAN & AUGUSTINE

Assets
Non-Current Assets
Property, Plant & Equipment
Intangibles
Investments
Current Assets
Accounts Receivable
Advance, Deposit and Prepayments
Advance Income Tax
Margin Loan to Customer
Cash and cash equivalents
Total Current Assets
Total Assets
3
4
5
13,787,086
1,513,673
19,401,385
34,702,144
16,590,351
714,365
19,401,385
36,706,101
6
7
8
9
10
11
56,817,876
19,586,911
5,489,058
222,938,364
5,000,937,450
181,842,053
5,487,611,712
5,522,313,857
9,441,913
11,610,509
5,030,430
201,347,939
4,607,372,304
9,444,805
4,844,247,900
4,880,954,001
12
13
2,000,000,000
20,450,002
2,020,450,002
2,000,000,000
34,150,218
2,034,150,218
14
15
16
17
1,884,162,092
1,217,995,577
197,365,715
202,340,471
3,501,863,855
3,501,863,855
5,522,313,857
1,811,631,457
653,815,275
180,110,939
201,246,112
2,846,803,783
2,846,803,783
4,880,954,001
Equity and Liabilities

Ordinary Share Capital
Retained Earnings
Equity
Non Current Liabilities
Current Liabilities
Short Term Loan
Accounts Payable
Other Liabilities
Provision for Income Tax
Total Current Liabilities
Total Liabilities
Total Equity and Liabilities
Sd/Company Secretary
Sd/Chief Executive Officer
Sd/Chairman
Signed in terms of our separate report of even date annexed
Dated, Dhaka
March 29, 2016

CHARTERED ACCOUNTANTS
Page
185
Operating Revenue:
Brokerage Commission
Other Operating revenue
18
19
Less: Direct Expenses

Net Revenue from Operation
Interest on Margin Loan
Interest Expense on Short Term Loan
Net Interest Income
Add: Other Income
Total Revenue
General & Administrative Expenses
20
Salaries & Allowances

Rent, Taxes, Insurance,Electricity etc.
Postage, Stamp & Telecommunication
Stationery,Printing and Advertisement
Directors' Fees
Audit Fees
Depreciation and repair of company's assets
Other Expenses
24
25
26
27
28
29
30
31
Profit/(loss) before Provisions

Provision for unrealized loss in margin loan
Total Provision
16.1
16.2
21
22
23
Profit/(loss) before Tax

Less: Provision for Income Tax
Net Profit /(loss) after Tax
Other Comprehensive Income
Total Comprehensive Income
Earning Per Share of Tk. 100 each
17
93,603,298
4,464,344
98,067,642
9,071,349
88,996,292
188,489,869
222,924,029
(34,434,160)
4,693,122
59,255,255
102,185,726
3,399,635
105,585,361
10,757,854
94,827,507
251,601,091
269,353,226
(17,752,135)
439,049
77,514,421
28,938,968
11,263,590
278,122
639,212
231,250
34,500
4,452,494
8,252,330
54,090,465
5,164,790
7,770,647
10,000,000
17,770,647
30,451,984
12,138,076
682,169
497,991
190,500
29,250
4,816,744
7,549,421
56,356,135
21,158,286
10,000,000
10,000,000
(12,605,857)
11,158,286
1,094,359
(13,700,216)
(13,700,216)
7,879,650
3,278,636
3,278,636
(0.69)
0.16
Sd/Sd/Sd/Company Secretary
Chief Executive Officer
Chairman
Dated,Dhaka
March 29, 2016
Page
186

A.
Cash flows from operating activities:

Brokerage commission received
Interest received on margin loan
Received from operating income
Cash paid to service provider
Cash paid for operating activities
Interest paid
Income taxes paid
Net cash from operating activities
93,603,298
188,489,869
6,055,714
323,685,852
(50,096,600)
(222,924,029)
(21,590,425)
317,223,680
102,185,726
251,601,091
3,704,433
(89,386,665)
(56,557,320)
(269,353,226)
(39,259,626)
(97,065,586)
Cash flows from Investing activities:

Fixed assets acquisition
Intangible assets acquisition
Sale of proceeds of fixed assets
Purchase of shares
Sale of shares
Dividend received
Margin loan to customers
(637,578)
(1,804,160)
(198,626,016)
153,730,597
621,208
(393,565,146)
(440,281,095)
(1,508,981)
51,797
(2,980,070)
134,250
(93,300,065)
(97,603,069)
Cash flows from financing activities:

Loan (payment)/receive
Net cash used in financing activities
295,454,664
295,454,664
190,143,862
190,143,862
D.
Net cash increase/ (decrease) (A+B+C)
172,397,248
(4,524,793)
E.
Cash and cash equivalents at beginning of the year
9,444,805
13,969,598
F.
Cash and cash equivalents at end of the year
181,842,053
9,444,805
Closing balance represents

Cash in hand
Cash at Banks
32,417
181,809,636
631
9,444,174
181,842,053
9,444,805
B.
C.
Sd/Chairman
Dated, Dhaka
March 29, 2016

Page
187
Particulars
Paid up Capital
Retained Earnings
Total
Balance as on 01 January, 2015

Net Profit for the year
Balance as on 31 December, 2015
2,000,000,000
2,000,000,000
34,150,218
(13,700,216)
20,450,002
2,034,150,218
(13,700,216)
2,020,450,002
Balance as on 01 January, 2014

Net Profit for the year
Balance as on 31 December, 2014
2,000,000,000
2,000,000,000
30,871,582
3,278,636
34,150,218
2,030,871,582
3,278,636
2,034,150,218
Sd/Chairman
Dated,Dhaka
March 29, 2016
Significant Accounting Policies & Other Material Information:
1.1
Legal Form of the entity:

NCCB Securities and Financial Services Limited (the "Company") has been incorporated as a private limited
Company with the Registrar of Joint Stock Companies and Firms, Dhaka, Bangladesh bearing Registration No.C 83683/10 dated April 04, 2010 under the Companies Act, 1994, registered office of the company situated at NCC
Bank Bhaban (3rd Floor),13/1,13/2 Toyenbee Circular Road, Motijheel C/A, Dhaka-1000.
1.2
Nature of Business :
The Main objective of the Company is to act as a full fledged Stock Broker & Stock Dealer to execute buy and sell
order and to maintain own portfolio as well as customers portfolio under the discretion of customers. The
company also performs the other activities relates to Capital Market as and when regulators permits the company
to carry out activities as per their guidelines.
Significant Accounting Policies
2.1
Basis of Presentation of Financial Statements

The Financial Statements have been Prepared on a going concern basis follwing accrual basis of accounting execpt
for statement of cash flows in accordance with the company's act 1994, Securities & Exchange Rules 1987, the
listing Rules of Dhaka & Chittagong Stock Exchanges and International Accounting standards (IAS), International
Financial Reporting Statndars (IFRS) as adopted in Bangladesh by the Institute of Chartered accounatants of
Bangladesh as Bangladeash Financial Reporting Standards(BFRS's) and other applicable laws & regulations.
Page
Page
188
188
2.2 Components of the Financial Statements

The Financial Statements referred to here comprise of:
(a) Statement of Financial Position;
(b) Statement of profit or Loss and Other Comprehensive Income;
(c) Statement of Changes in Equity;
(d) Statement of Cash Flows; and
(e) Notes, a summary of significant accounting policies and other explanatory information to the Financial Statements.
2.3 Basis of Measurement
The Financial Statements have been prepared based on historical cost convention basis. No adjustment has been
made for inflationary factors affecting the financial statements. The accounting policies, unless otherwise stated,
have been consistently applied by the company and are consistent with those of the previous year.
2.4 Functional and presentational currency
These financial statements are prepared in Bangladesh Taka (Taka/Tk), which is the Companys functional currency.
All financial information presented in Taka has been rounded to the nearest integer.
2.5 Use of Estimates and Judgments
The preparation of financial statements requires management to make judgments, estimates and assumptions
that affect the application of accounting policies and the reported amounts of assets, liabilities, income and
expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revision of accounting estimates are
recognized in the period in which the estimate is revised and in any future periods affected.
Revenue Recognition:
Income from brokerage commission is recognised on daily basis in the profit and loss account after receiving the
trading note of securities transacted from Dhaka Stock Exchange Limited & Chittagong Stock Exchange Limited, at
which point performance is assured to be completed.
2.6 Cash flow statement:
Cash flow statement has been prepared as per Bangladesh Accounting Standard (BAS) 7 Under Direct Method.
2.7 Property, plant and equipment
Items of Property, Plant and Equipment are measured at cost less accumulated depreciation and impairment
losses, if any. Cost includes expenditures that are directly attributable to the acquisition of the asset.
Subsequent costs
The cost of replacing part of an item of Property, Plant and Equipment is recognized in the carrying amount of the
item if it is probable that the future economic benefits embodied within the part will flow to the Company and its
cost can be measured reliably. The costs of the day-to-day servicing of Property, Plant and Equipment are
recognized in the profit and loss account as incurred.
Depreciation
Depreciation is charged to computer & peripherals on the straight line method and office equipment & Furniture &
Fixture on the reducing balance method. The rates of depreciation are as follows:
Items
Computer & Peripherals
Office Equipment
Furniture & Fixtures
Method
Straight Line Method
Reducing Blance Method
Reducing Blance Method
Rate
20%
10%
20%
Page
189
2.8 Intangibles
Computer software acquired by the Company, which have finite useful lives, are measured at cost less accumulated
amortisation.
Amortisation of intangible assets
Intangible assets are amortised at the rate of 20% on the straight line method.
2.9 Provision for Current Tax
Provision for tax is assessed under section 82C of the Income Tax Ordinance (ITO) 1984 on income from company's normal
course of business and at 35% on company's income from other sources. Under section 82C, income tax deducted under
certain sections of the ITO is treated as final discharge of tax payer's tax liabilities from that source.
2.10 Related Party Transactions
As per Bangladesh Accounting Standards (BAS) -24 " Related party Disclosures " parties are considered to be related if one of
the parties has the ability to control the order party or exercise significant influence over the other party in making financial
and operational decisions. The Company carried out transactions in the ordinary course of business on an arm's length basis
at commercial rates with related parties.
2.11 Directors' Responsibility Statement
The Board of Directors takes the responsibility for the preparation and presentation of these Financial Statements.
2.12 General
a) The Financial Statements are presented in Bangladeshi Taka (BDT) currency, which is the Company's Functional currency.
b) The Figures appearing in these Financial statements are expressed in Taka currency and rounded off to the nearest Taka .
3 Property, Plant & Equipment

Property Plant & Equipment at Cost
Less: Accumulated Depreciation
Written Down Value (WDV)
36,833,580
23,046,494
13,787,086
36,196,002
19,605,651
16,590,351
20,100
984,225
85,000
15,000
1,500,000
40,000
1,811,021
4,455,346
4,455,346
-
20,100
984,225
85,000
15,000
1,500,000
40,000
1,811,021
4,455,346
3,935,723
519,623
Annexure-O(i) may kindly be seen for details.

4 Intangibles
4.1 Preliminary Expenses
Trade License & TIN Certificate
Registration fee
Stamp & Share Charges
Audit Fee
DSE Entrance Fee & Club Member Fee
Stock Broker Registration Fee
DSE & CSE Membership and Transfer Fee
Less: Accumulated Amortization
Page
190
4.2 Software
Bluechip Software at cost
Bluechip Software (MSA)
IPO Application Software
X-Broker Software at cost
Bluechip Software
Software at cost (Microsoft)
Less: Accumulated Amortization
Annexure-O(ii) may kindly be seen for details.

5 Investment in Shares of DSE & CSE
Investment in Shares of Stock Exchanges
Dhaka Stock Exchange Limited (Note:5.1)
Chittagong Stock Exchange Limited (Note:5.2)
820,000
150,000
100,000
125,000
200,000
1,454,160
2,849,160
1,335,487
1,513,673
1,513,673
400,385
19,001,000
19,401,385
820,000
150,000
75,000
1,045,000
850,258
194,742
714,365
400,385
19,001,000
19,401,385
The Dhaka Stock Exchange Ltd alloted 72,15,106 number of Ordinary shares of Tk 10 each against the
membership held with them as approved scheme of Demutualisation under the provision of Exchange
Demutualisation act, 2013 as under:
5.1 Investment in shares of Dhaka Stock Exchange Ltd:
Shares Alloted
40% Ordinary Shares i.e 2,886,042 shares of Tk. 10/-each
credited to BO A/C # 120209005087704 of NCCB Securities and
60% Ordinary Shares i.e 4,329,064 shares of Tk 10/- each
credited to DSE Demutualisation Blocked account maintained
by DSE.
Face Value in Tk
Face Value in Tk
28,860,420
28,860,420
43,290,640
43,290,640
72,151,060
72,151,060
Face Value in Tk
Face Value in Tk
5.2 Investment in shares of Chittagong Stock Exchange Ltd:

Shares Alloted
40% Ordinary Shares i.e 1714932 shares of Tk 10/- each
credited to BO A/C # 120209005087704 of NCCB Securities and
17,149,320
17,149,320
60% Ordinary Shares i.e 2572398 shares of Tk 10/- each

credited to DSE Demutualisation Blocked account maintained
by DSE.
25,723,980
25,723,980
42,873,300
42,873,300
6 Investment in shares
Investment in shares at market value
Provision for unrealized loss on investment in shares
Investment in shares at cost

7 Accounts Receivable
Receivable from Dhaka Stock Exchange Limited
Receivable from Chittagong Stock Exchange Limited
Receivable from share trading
Interest Receivable on Margin Loan
8 Advance, Deposit and Prepayments:
Suspense Account-Sundry debtors
Suspense Account-Settlemment of DSE & CSE
Advance against Vendors'
Advance Against Office Rent
48,661,400
8,156,477
56,817,876
9,056,080
385,833
9,441,913
1,204,765
11,172,451
7,209,696
19,586,911
2,714,157
8,882,505
13,847
11,610,509
350,000
387,453
800,000
3,951,605
5,489,058
40,500
4,989,930
5,030,430
Page
191
9 Advance Income Tax

Advance Income Tax paid in Cash
Income Tax deducted at source by DSE & CSE
Advance Income Tax deducted at source on Bank Interest
Year wise Break up of Advance Income Tax:
Accounting Year
Provisional Amount
2011
2012
2013
2014
2015
Total
84,544,924
43,734,860
65,086,678
7,879,650
1,094,359
202,340,471
172,141,263
50,244,194
552,907
222,938,364
162,024,918
39,183,282
139,739
201,347,939
Cash Paid
31,142,098
71,432,796
59,513,420
39,259,626
21,590,425
222,938,364
10 Margin Loan to Customers

Margin loan to customers
5,000,937,450
4,607,372,304
5,000,937,450
4,607,372,304
32,417
631
36,195,296
1,312,976
144,236,520
28,656
181,773,448
2,447,626
898,727
291,755
3,638,108
36,188
36,188
181,809,636
181,842,053
320
5,805,746
5,806,066
9,444,174
9,444,805
5,000,000,000
5,000,000,000
5,000,000,000
5,000,000,000
The above margin loans are lying with 10683 number of Investors.
11 Cash and Cash Equivalents:
Cash in hand
Cash at Banks :
Special Notice Deposit Account with:
IFIC Bank Limited,Stock Echange Branch
One Bank Limited,Principal Branch
NCC Bank Limited,Bhaban Branch (Customer A/C)
NCC Bank Limited,Motijheel Main Branch
Current Deposit Account with:
Midland Bank Limited,Hemayetpur Branch
NCC Bank Limited,Bhaban Branch (IPO A/C)
12 Share Capital
12.1 Authorised Capital
50,000,000 shares @ of Tk. 100 each
12.2 Issued, Subscribed and Paid up Capital
The Issued, Subscribed and Paid up Capital is Tk 2,000,000,000/- divided into 20,000,000 ordinary shares of
Tk 100 each fully paid.The shareholding position of the company as on December 31, 2015 is as follows:
Name of Shareholders
NCC Bank Limited
Total
Page
192
Number of
shares held
19,999,999
1
20,000,000
1,999,999,900
100
2,000,000,000
1,999,999,900
100
2,000,000,000
13 Retained Earnings
Balance at the beginning of the year
Add: Net profit during the year

Balance at the end of the year
34,150,218
(13,700,216)
20,450,002
30,871,582
3,278,636
34,150,218
1,884,162,092
1,884,162,092
1,761,631,457
50,000,000
1,811,631,457
14 Short Term Loans

NCC Bank Ltd. Motijheel Main Branch,Dhaka
Midland Bank Ltd. Hemayetpur Branch,Savar,Dhaka
The terms & conditions of above short term Loan is as under:
Particulars
NCC Bank Limited
Security
1. Loan Agreement
2. Usual Charge Documents as per Credit norms
3. Board Resolution of the Company.
15 Accounts Payable
Security Deposit received from BO Account holders
Rate of Interest
12.00% p.a.
Adjustment Period
Within One Year
from 30.11.2015
23,102,030
Sundry Creditors
166,919,132
8,620,764
Interest suspense
896,080,138
616,684,620
59,872
107,110
603,809
610,667
Payable to CDBL
Payable to Chittagong Stock Exchange Limited
Payable to Dhaka Stock Exchange Limited
Payable to Clients
Payable to Suppliers
IPO Money Deposit
Payable to Interest expenses
Payable to Auditor
Other Payables
12,014,573
141,205,891
943,250
93,276
34,500
41,137
1,217,995,577
1,115,000
3,371,000
204,084
653,815,275
1,512,758
1,499,810
8,156,477
385,833
178,825,296
8,871,184
197,365,715
168,825,296
9,400,000
180,110,939
385,833
385,833
7,770,644
8,156,477
385,833
168,825,296
158,825,296
10,000,000
178,825,296
10,000,000
168,825,296
16 Other Liabilities
Provision for expenses
Provision for unrealized loss in investment in

shares (Note: 16.1)
Provision for unrealized Loss in Margin Loan (Note-16.2)
Provision for Interest waiver (Note-16.3)
16.1 Provision for Unrealized Loss on Investment in Shares

Add: Charged during the year

16.2 Provision for Unrealized Loss in Margin Loan

Add: Charged during the year

As complied with BSEC Circular no. SEC/CMRRCD/2009-193/181, dated on 08 December 2015, is an amount of tk
10,000,000 has been provided against equity erosion of Margin Loan A/C's from the current year profit and
accumulated balance thereby stood at Tk 178,825,296/- as on December 31, 2015. Moreover, Interest Suspense has
been buildup for Tk 89,60,80,138/- against Margin Loan facility till December 31, 2015 as well. Interest receivable has
also been kept in separate A/C namely 'Memorandum Register' for Tk 810,425,687/- on classified Margin Loan.
Page
193
16.3 Provision for Interest Waiver

Amount transferred to small investors' for interest waiver

9,400,000
(528,816)
8,871,184
9,400,000
9,400,000
201,246,112
1,094,359
202,340,471
202,340,471
193,366,462
7,879,650
201,246,112
201,246,112
91,524,409
2,078,889
93,603,298
100,016,978
2,168,748
102,185,726
186,000
1,082,700
4,000
133,965
2,480,544
43,950
533,185
4,464,344
233,500
1,067,800
12,000
273,581
14,000
1,798,754
3,399,635
17 Provision for Income Tax


Year wise Break up of provision for Income Tax :

Accounting Year
2011
2012
2013
2014
2015
Total
Amount (Tk.)
84,544,924
43,734,860
65,086,678
7,879,650
1,094,359
202,340,471
Annexure-O(iii) may kindly be seen for details.

18 Brokerage Commission
Brokerage Commission-DSE
Brokerage Commission-CSE
19 Other Operating Revenue
Account Opening Fee
BO Account Maintenance Fee
Margin Account Opening Fee
Account Closing Fee
Service Charge income
Capital gain on sale of shares (Note: 19.1)
Income from IPO
Income from CDBL Charges
19.1 Capital gain/(loss) on sale of shares-net
Sale price of shares
Less: Cost price of shares
20 Direct Expenses
Howla Charge DSE
Howla Charge CSE
Laga Charge DSE
Laga Charge CSE
70,06,162
45,25,617
2,480,544
1,350
51,008
5,415,545
87,286
1,114,096
40,924
4,596,073
84,929
21 Interest Income on Margin Loan
16,106
3,500,054
9,071,349
188,489,869
11,922
4,909,910
10,757,854
251,601,091
22 Interest Expense on short term loan
222,924,029
269,353,226
Investor Protection Fund

CDBL Charges
Page
194
23 Other Income
Interest on balance with other Banks
Dividend on shares
24 Salary and allowances
Basic Salary
House Rent Allowance
Entertainment Allowance
Medical Allowance
Conveyance Allowance
Washing Allowance
Contribution to Provident Fund
Special Allowance
Bonus
Casual Wages
4,071,915
621,208
4,693,122
304,799
134,250
439,049
15,504,471
4,802,092
593,340
1,259,329
818,536
26,400
1,348,050
44,000
3,525,250
1,017,500
28,938,968
14,518,281
4,872,165
630,604
1,261,798
812,501
26,390
1,291,294
1,800
5,914,650
1,122,500
30,451,984
9,752,027
35,723
1,475,840
11,263,590
10,416,398
7,500
1,714,178
12,138,076
52,392
225,730
278,122
47,605
634,564
682,169
618,512
20,700
639,212
484,891
13,100
497,991
231,250
231,250
190,500
190,500
34,500
34,500
29,250
29,250
25 Rent, Taxes, Insurance, Electricity etc.

Rent Office
Insurance Premium
Electricity
26 Postage, Stamp & Telecommunication
Stamp,Postage & Courier
Telephone
27 Stationery, Printing and Advertisement
Printing & Stationery
Publicity & Advertisement
28 Directors' Fees
Directors' Fees
29 Audit Fees
Statutory annual audit fees (including VAT)
30 Depreciation and repair of company's assets
3,447,642
3,716,668
519,623
891,072
485,229
4,452,494
209,004
4,816,744
107,867
118,780
Newspaper & Periodicals
88,904
81,369
Fuel cost for vehicle
81,660
85,753
Depreciation on Fixed Assets (Annexure-A)

Amortization of Preliminary Expenses
Amortization of Software
31 Other Expenses
Utilities
Liveries & Uniform
61,308
52,292
Travelling expenses
553,412
489,905
Conveyance
Entertainment
Legal & Professional Fees
75,478
34,511
724,942
609,511
107,500
3,271,172
3,369,100
Page
195
Connectivity Charges
Subscription, Renewal & Registration
Training, Development & Promotion
3,369,100
631,106
240,310
Car Maintenance
Repair & Maintenance
Carrying Charge
Photographic charge
Excise Duty
Clearing charge
Mobile Bill Allowance
21,000
42,834
66,206
1,462,197
2,046,442
9,500
1,200
85,500
12,376
353,893
Bank Charges
37,416
Software & Development Fees
Business Promotion Expenses

LFA Expenses
Service Charges
32
3,271,172
74,742
250,000
159,224
10,000
384,341
8,252,330
7,549,421
Profit/(loss) before provision

Adjustment for non cash items:
5,164,790
21,158,286
Depreciation on fixed asset (Annexure-O(i))
3,447,642
3,716,668
Amortization of preliminary expenses
519,623
891,072
Amortization of software
485,229
209,004
4,452,494
4,816,744
(7,976,402)
(3,856,030)
(458,628)
(5,017,930)
Reconciliation of Cash Flow Statement from

Operating Activities under Indirect Method
Cash flows from operating activities under
indirect method:
Sub total of non cash items

Changes in operating assets & liabilities
Changes in accounts receivables
Changes in advance, deposit & prepayments
Changes in accounts payable
564,180,302
Changes in others liabilities
(522,669)
Sub total
555,222,602
Capital gain/(loss) on sale of shares in investing activities

Dividend income considered in investing activities
Sub total
Interest paid
Sub total
Net cash from operating activities
387,679
185,706,485
(2,480,544)
(621,208)
(134,250)
(3,101,752)
(134,250)
(222,924,029)
Income taxes paid
194,192,766
(269,353,226)
(21,590,425)
(39,259,626)
(244,514,453)
(308,612,852)
317,223,680
(97,065,586)
33 Event after the Reporting Period

(a) The Board of Directors in its Meeting held on March 29, 2016 approved the financial statements and also
authorised the same for issue.
(b) There was no other significant event occurred till the date of signing the financial statements.
Page
196
Sd/Chairman
Page
197
Assessment
Year
2012-2013
2013-2014
2014-2015
2015-2016
2016-2017
Accounting
Year
2011
2012
2013
2014
2015
Total
Software
Preliminary Expenses
Total
Particulars
Computer & Peripherals

Office Equipment
Furniture & Fixture
Total
Particulars
1,804,160
1,804,160
Addition
During
the Year
84,544,924
43,734,860
65,086,678
7,879,650
1,094,359
202,340,471
14,911,592
7,820,883
14,101,105
36,833,580
Balance as at
31 December
2015
2,849,160
4,455,346
7,304,506
69,966,727
52,811,854
59,350,764
19,340,561
21,590,425
223,060,331
Advance Income
Tax Paid
Disposal/
adjustment Balance as at
during
31 December
the Year
2015
Cost
295,789
341,789
637,578
Addition
During
the Year
Provision for
Income Tax
1,045,000
4,455,346
5,500,346
Balance as
1st January
2015
14,615,803
7,479,094
14,101,105
36,196,002
Balance as
1st January
2015
Disposal/
adjustment
during
the Year
Cost
850,258
3,935,723
4,785,981
Balance as
1st January
2015
9,373,068
4,751,404
5,474,381
19,598,853
Balance as
1st January
2015
69,966,727
52,811,854
59,350,764
8,034,124
190,163,469
Tax Liability as
per Return
20%
20%
Rate of
Depreciation
20%
20%
10%
Depreciation
Rate of
3,471,062
2,508,692
7,807,333
13,787,086
Annexure - O(ii)
11,440,531
5,312,192
6,293,772
23,046,494
14,578,197
(9,076,994)
5,735,914
(154,474)
11,082,643
(Short)/Excess
485,229
519,623
1,004,852
1,513,673
1,513,673
Remarks
Annexure - O(iii)
1,335,487
4,455,346
5,790,833
Return filed u/s -82BB of ITO 1984

Written Down
Disposal/
Value (WDV)
Balance as at
Charged for adjustment
as at
31 December
the Year during the Year
31 December 2015
2015
Depreciation
2,067,463
560,788
819,391
3,447,642
Written Down
Disposal/
Value (WDV)
Balance as at
adjustment
Charged for
as at
31 December
during the Year
the Year
31 December 2015
2015
Depreciation
Annexure - O(i)
Dear Shareholders,
I am pleased to present the Directors Report of the NCCB Capital Ltd. for the period ended as on 31.12.2015 together with
audited financial statement and auditors report thereon along with the Companys state in compliance with the
Companies Act-1994.
Dear Shareholders,
You are surely aware about the fact that due to policy reasons of the licensing authority, we are yet to obtain license from
the competent authority and as such it was not possible to start operational activities. However, we are hopeful that the
legal and procedural hindrance will be overcome soon. The Management of the parent company is trying to obtain
required license at the earliest by putting its best efforts.
Due to absence of license, the company was compelled to pass another year of its existence without producing any result.
However, a brief description is appended below about the affairs of the company as on 31.12.2015 for ready reference.
Authorized and Paid-up Capital:
The Authorized and Paid-up Capital of the Company remained at Tk. 1000 Million and Tk. 250 Million respectively as on
31.12.2015.
Operational Result:
The Company due to its inoperative state suffered operational loss as on 31.12.2015 to the tune of Tk. 30 Million.
Conclusion:
We sincerely hope that it will be possible to obtain required license soon & start our operation which would enable us to
play our desired role to the growth of the sector in near future. We take this opportunity to record our thanks and
gratitude to all concerned including Registrar of Joint Stock Co. and Bangladesh Bank for their cooperation. Our thanks
also go to the members of the Board of Directors of the Company for their guidance so far.
Thanking you.
A.S.M. Main Uddin Monem

Chairman
Page
198
We have audited the accompanying financial statements of NCCB Capital Limited (the Company), which comprise the
Statement of Financial Position (Balance Sheet) as at 31 December 2015 and the related Statement of Comprehensive Income
(Profit and Loss Account), Statement of Changes in Equity and Statement of Cash Flows for the year then ended, and a summary
of significant accounting policies and other explanatory information.
Managements Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with
Bangladesh Financial Reporting Standards (BFRS), the Companies Act 1994, the Securities and Exchange Rules 1987 and other
applicable laws and regulations and for such internal control as management determines is necessary to enable the preparation
of financial statements that are free from material misstatement, whether due to fraud or error.
Auditors Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in
accordance with Bangladesh Standards on Auditing (BSA). Those standards require that we comply with ethical requirements
and plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material
misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements.
The procedures selected depend on auditors judgment, including the assessment of the risks of material misstatement of the
financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control
relevant to the entitys preparation and fair presentation of the financial statements in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entitys internal
control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting
estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the financial statements give a true and fair view of the financial position of the company as at 31 December 2015
and of its financial performance and its cash flows for the year then ended in accordance with the Bangladesh Financial
Reporting Standards (BFRS) and comply with the companies Act 1994, the Securities and Exchange Rules 1987 and other
applicable laws and regulations.
Report on other Legal and Regulatory Requirements
We also report that:
(i)
We have obtained all the information and explanations which to the best of our knowledge and belief were
necessary for the purpose of our audit and made due verification thereof;
(ii)
in our opinion, proper books of account as required by law have been kept by the company, so far as it
appeared from our examination of those books;
(iii)
the Companys statement of financial position and statement of comprehensive income dealt with by the
report are in agreement with the books of account; and
(iv)
the expenditure incurred were for the purposes of the companys business.
Dated, Dhaka
March 22, 2016
Hoda Vasi Chowdhury & Co

Page
199
Annexure - P
Particulars
Sources of fund
Share capital
Retained earnings
3
4
Long term liabilities

Total Sources of fund
Applications of fund
250,000,000
8,533,604
258,533,604
258,533,604
250,000,000
8,342,114
258,342,114
258,342,114
Non-current assets
Property, plant & equipment
Preliminary expenses
Current assets
Cash at bank
Advance and prepayments
8
9
258,545,104
5,156,780
263,701,884
271,032,940
4,957,284
275,990,224
Less: Current liabilities

Payable to NCC Bank Limited
Provision for taxation
10
11
12
11,500
5,156,780
5,168,280
258,533,604
12,465,580
25,750
5,156,780
17,648,110
258,342,114
258,533,604
258,342,114
Net current assets

Total Applications of fund
These financial statements should be read in conjunction with the annexed notes.
Sd/Chairman
See annexed auditors' report to the shareholders of the date
Page
200
Sd/Hoda Vasi Chowdhury & Co

Particulars
Operating income
Less: Operating expenses
Net Income from operation
Other income
13
14
Less: Office & administrative Expenses

Profit/(Loss) before financial expenses
Less: Financial expenses
Net Profit/ (Loss) before tax
16
Less: Provision for income tax
12
15
17
Net Profit/(Loss) after tax
30,880
(30,880)
(30,880)
252,518
(252,518)
(252,518)
(30,880)
(252,518)
These Financial Statements should be read in conjunction with the annexed notes.
Sd/Chairman
See annexed auditors' report to the shareholders of the date
Sd/Hoda Vasi Chowdhury & Co

Page
201
Cash flows from operating activities

Payment for office and administrative expenses
Income tax paid
Repayment of other liabilities
Net Cash generated from /used for operating activities
(45,130)
(199,496)
(12,243,210)
(12,487,836)
(11,380)
(11,380)
Cash flows from investing activities

Cash flows from financing activities

Issuance of share capital
Net (decrease) / increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year

Cash and cash equivalents at the end of the year
(12,487,836)
271,032,940
258,545,104
(11,380)
271,044,320
271,032,940
Cash at bank
258,545,104
271,032,940
Page
202
Sd/Chairman
Opening balance as at 01 January 2015

Prior year adjustment
Re-stated Balance
Share issued
Profit during the year
Balance as at 31 December 2015
Taka
250,000,000
250,000,000
250,000,000
Retained
earnings/
(accumulated
losses)
Taka
8,342,114
222,370
8,564,484
(30,880)
8,533,604
Opening balance as at 01 January 2014

Share issued
Profit during the year
Balance as at 31 December 2014
250,000,000
250,000,000
8,594,632
(252,518)
8,342,114
Particulars
Paid up capital
Total
Taka
258,342,114
222,370
258,564,484
(30,880)
258,533,604
258,594,632
(252,518)
258,342,114
Sd/Chairman
Page
203
1.
Background of the company :

NCCB Capital Limited (the "Company") a fully owned subsidiary company of NCC Bank Limited has been incorporated as a
private limited company with the Registrar of Joint Stock Companies and Firms, Dhaka, Bangladesh bearing Registration No.C
- 83649/10 dated April 01, 2010 under the Companies Act, 1994 having registered Office at NCC Bank Bhaban, 13/1, 13/2,
Toyenbee Circular Road, Motijheel C/A, Dhaka-1000.(Previously at Bhuiyan Center, 68, Dilkusha C/A, Dhaka-1000)
2.
Nature of business :
The Main objective of the Company is to act as a full fledged merchant banking activities like issue management, underwriting,
advisory services. The company applied to the Securities & Exchange Commission for its license for carrying out its operations
but yet to get clearance up to 31 December 2015, the company could not formally started its operation.
3.
Basis of accounting
The Financial Statements, namely, Statement of financial position, Statement of Comprehensive Income, Cash Flow Statement,
Statement of Changes in Equity and relevant notes thereto, of NCCB Capital Limited are prepared on a going concern basis
under the historical cost convention and in accordance with Bangladesh Accounting Standards (BAS), Bangladesh Financial
Reporting Standards (BFRS) , the Companies Act-1994, and other laws and rules applicable thereto.
Share capital :
Authorized share capital
( 10,000,000 shares @ of Tk. 100 each)
Issued, subscribed and paid up capital
(2,500,000 shares @ of Tk. 100 each )
1,000,000,000
1,000,000,000
250,000,000
250,000,000
250,000,000
250,000,000
249,999,900
100
250,000,000
249,999,900
100
250,000,000
8,342,114
8,594,632
Percentage of shareholdings:
Particulars
NCC Bank Limited
Mr. Gazi Hassan Mahmood
No of shares
2,499,999
1
2,500,000
Retained earnings/(accumulated losses)

Opening balance
Add: Prior year adjustment for charging over expenditure in 2010
222,370
Re-stated Balance
8,564,484
8,594,632
Add: Profit/(Loss) during the year

Closing balance
(30,880)
8,533,604
(252,518)
8,342,114
Long term liabilities
At Cost
Less: Accumulated depreciation
Property, plant & equipments
Preliminary expenses
Registration fees
Documentation fees
TIN obtaining charge
Trade license fee
Less: Amortization during the year
Page
204
Cash & bank balance :

Cash in hand
Cash at bank:
Current deposit account with NCCBL, Dilkusha branch
( Account No.0028-0210017040)
Advances & prepayments
Advance against office rent
Interest receivable on FDR
Advance income tax paid
Advance income tax deducted at source on interest of FDR
258,545,104
271,032,940
258,545,104
271,032,940
2,817,308
2,339,472
5,156,780
2,617,812
2,339,472
4,957,284
Payable to NCC Bank Limited :

Registration fees
Documentation fees
Trade License fee
Income Tax paid for obtaining TIN number
Payable against advance income tax of the company
Office rent
Electricity-office
Water & Sewage
Audit Fee
11,500
11,500
Provision for income tax

Opening balance
Add: Addition during the period
Closing balance
5,156,780
5,156,780
819,325
126,520
13,100
1,000
2,617,812
8,098,750
704,017
85,056
12,465,580
25,750
25,750
5,156,780
5,156,780
Operating income
Operating expenses
Other income-interest on FDR
Office and administrative expenses

Office rent
Electricity-office
Water & Sewage
Bank charges
Audit fees
Others
16,380
11,500
3,000
30,880
Financial expenses
209,000
16,196
10,192
11,380
5,750
252,518
-
Reporting currencies :
The figure in the financial statement represent Bangladeshi Taka currency and rounded off to the nearest Taka.
Reporting period
These Financial Statements cover the period from 01 January 2015 to 31 December 2015.
Sd/Chairman
Page
205
Page
206
Turnover
Loss for the financial year
Exchange difference on translation
Loss on Ordinary activities after Tax
Tax on loss on ordinary activities
Loss on Ordinary activities before Tax
Administrative expenses
Closure expenditure including imparment loss
Expenditures:
Gross profit
Operating cost
Particulars
Profit and loss account

SHAREHOLDERS' FUNDS
Total Liabilities and Shareholders' Fund
CAPITAL AND RESERVES

Paid-up capital
Notes
12
13
11
Creditors-Amounts falling due after more than one year
NET CURRENT LIABILITIES

Total current Assets less Current Liabilities
10
CREDITORSAmounts falling due within one year
(71,630)
(71,630)
(71,630)
52,092
23,323
75,415
3,785
(67,345)
(67,345)
(67,345)
101,921
101,921
34,576
34,576
(9,664,525.00)
(1,190,234.23)
(8,474,290.77)
(8,474,290.77)
6,158,837.16
2,762,954.16
8,921,791.32
447,500.55
447,500.55
Taka
()
()
3,785
September 30,
2015
(11,254,563)
(11,254,563)
(44,963,763)
33,709,200
(11,254,563)
(11,254,563)
September 30
,2014
(13,207)
48,536
(84,836)
(84,836)
12,034,563
780,000
780,000
September
30,2015
(Tk.)
September 30,
2015
280,000
(293,207)
280,000
(364,836)
61,743
48,536
(84,836)
-
32,977
15,559
December
31,2014
()
(84,836)
2,409
35,386
6,500
91,336
28,786
6,500
6,600
Cash at bank and in hand
September
30,2015
()
Note
Debtors
Tangible assets
Intangible assets
BREAK-UP BASIS:
CURRENT ASSETS
Particulars
5,843,327
(1,590,038)
(35,299,238)
33,709,200
7,433,365
5,843,327
3,970,132
1,873,195
(8,472,266.15)
179,546.00
(8,651,812)
(8,651,812)
13,093,790.87
13,093,790.87
4,441,978.72
4,441,978.72
Taka
September 30
,2014
290,046
4,260,178
3,465,575
794,603
December
31,2014
(Tk.)
Annexure - Q
Online
Banking
Facilitating real time online banking
connecting all 104 Branches
Dinajpur
BARISAL
SATKHIRA
Dhaka Division
Chittagong Division
Rajshahi Division
Khulna Division
Sylhet Division
Rangpur Division
Barisal Division
43
39
04
04
09
04
01
Nos.
Nos.
Nos.
Nos.
Nos.
Nos.
Nos.
Page
207
Agrabad Branch
Equity Centrium, 1532

O.R. Nizam Road, Chittagong
Page
208
Monjuri Plaza (1st Floor)

8/9, G.L. Roy Road, Rangpur
Jahangir Tower
10, Kazi Nazrul Islam Avenue
Kawranbazar C/A, Dhaka
Page
Page
209
209
Patgram Branch
Hara Kishare Chowdhury Trust

1209, K.B. Aman Ali Road
Kotwali, Chittagong
Page
Page
210
210
Laila Centre (2nd Floor)

3068, 4063, Kamal bazar, Mohora
Kalurghat, Chandgaon, Chittagong
Al-Amin Plaza
304,305, T.A. Road, Brahmanbaria
Monem Business District

East Tower (Level-3)
111, Bir uttam, C.R. Datta Road, Dhaka
Page
211
March 29, 2015

BARIDHARA BRANCH
Empori Financial Tower
House No. 06, Road No. 93
Gulshan, Barishara, Dhaka.
Page
Page
212
210
Some of our
Products & Services
NCC Bank
NCC Bank
CAR LOAN
EDUCATION LOAN
NCC Bank
NCC Bank
NCC Bank
NCC Bank
HOME IMPROVEMENT LOAN
AGRICULTURE LOAN
HOUSE BUILDING FINANCE
YOUNGSTER BANKING
Page
213
NCC Bank
NCC Bank
WOMEN ENTREPRENEURS LOAN
CREDIT CARD & DEBIT CARD
NCC Bank
NCC Bank
REMITTANCE
TRADE FINANCE
NCC Bank
NCC Bank
DEPOSIT SCHEME
GREEN FINANCE
meyR wk, `~lYgy cwiek

UKmB Dbqb, ^wbfi `k
AvMvgxi evsjv`k
Page
214
PHOTO GALLERY
Meeting of the Board of Directors
Annual Business Conference 2016
Half yearly Business Conference 2015
Page
215
PHOTO GALLERY
NCC Bank donated Tk. 50 lac to Honorable Prime Ministers

Relief & Welfare Fund as part of its CSR activities .
NCC Bank handed over twenty thousand Blankets to

Honorable Prime Minister to aid the cold-hit people
during last winter season .
NCC Bank donated TK. 15 lac to Dhaka North City Corporation

for Implementation of CCTV Surveillance Project in the City.
Signing ceremony of agreement with Bangladesh Bank

for Long Term Financing under Financial Sector Support Project (FSSP).
Signing ceremony of agreement with Merchantrade Asia

to accelerate Foreign Remittance from Malaysia.
NCC Bank has been awarded by Centre for NRB in 2015

for our commendable remittance services.
Page
216
PHOTO GALLERY
Re-location of Anderkilla Branch, Chittagong.
Re-location of Brahmanbaria SME/Agri. Branch.
Workshop on Internal Control an Compliance.

Opening new ATM Booth, Chittagong.
Blanket Distribution at Brahmanbaria
Orientation Course for MTO
Page
217
Page
218
PROXY FORM
I/We
Registered BO ID/Folio No.

of (Address)
being a member (Shareholder) of National Credit and Commerce Bank Limited (the Company) do hereby
appoint Mr./Mrs./Ms
of
as my/our proxy to attend and vote for me/us and on my/our behalf at the 31st Annual General Meeting of
the Company to be held on June 20, 2016 at 11.00 a.m. and at any adjournment thereof.
Signed this
day of
2016
Signature of the Proxy
Signature of the Member

Please
affix Revenue
Stamp of
Tk. 20.00
No. of Shares held:
Note:
i)
ii)
Signature of the member (shareholder) must be in accordance with specimen signature registered with the company/Depository
participant (s).
A Member/members of the company entitled to attend and vote at the 31st AGM may appoint any person as a proxy to attend
and vote on his/her/their behalf. The proxy form duly signed and stamped must be submitted at the registered office of the
company not later than 48 hours before the time fixed for the meeting.
Signature Verified
Authorized Signatory
National Credit and Commerce Bank Limited
MEMBERS ATTENDANCE SLIP

I/We hereby record my attendance at the 31st Annual General meeting of the company being held on June 20, 2016 at
11.00 a.m. in the Officers Club Dhaka (Ground Floor), 26, Baily Road, Ramna, Dhaka-1000.
Name of Member
Registered BO ID/Folio No.
No. of Shares (As on 25-04-2016)
Name of the Proxy
Signature of the Proxy
Important
Signature of the Member(s)
: (i) To facilitate registration formalities at the meeting place, Members are requested to please fill in and bring the
Attendance Slip at the Meeting.
(ii) Members are also requested to please note that the Annual General Meeting can only be attended by the
honorable Members or properly constituted Proxy. Therefore, any friend or children accompanying with honorable
Members or Proxy can not be allowed into the meeting.

Annual Report 2015

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Annual Report 2015

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Page

Notice of the 31st Annual

Our Core Values

Group Corporate Structure

Board of Directors Profile

Credit Rating Report

Message from the

Message from the

Value Added Statement

Economic Value Added

Report of the Audit

Report of the Managing

Auditors Report &

Auditors Report &

Products & Services

Proxy Form & Members

All Valued Shareholders of NCC Bank Limited,

With best regards,

A.K.M. Nazmul Haider

NOTICE OF THE 31ST ANNUAL GENERAL MEETING

Sd/A.K.M. Nazmul Haider

The Record Date for the AGM is April 25, 2016.

To become one of the most adorable commercial Bank in

Delivering excellent financial service to our communities based

NCC Bank Limited

NCCB Securities and

FIRST TIME ISSUANCE

INITIAL PUBLIC OFFERING:

Converted and newly

INITIAL PUBLIC OFFERING:

MR. S.M. ABU MOHSIN

MRS. SOHELA HOSSAIN

MR. A.S.M. MAIN UDDIN MONEM

MR. AMJADUL FERDOUS CHOWDHURY

MR. ABDUS SALAM

MR. MD. ABDUL AWAL

MR. YAKUB ALI

ALHAJ MD. NURUN NEWAZ

MR. KHAIRUL ALAM CHAKLADER

MR. MD. ABUL BASHAR

MR. MD. HARUNUR RASHID

MR. MD. MOINUDDIN

MR. MD. AMIRUL ISLAM, FCS, FCA

MR. K.A.M. HAROON

MR. GOLAM HAFIZ AHMED

ALHAJ MD. NURUN NEWAZ

CREDIT RATING AGENCY :

CORPORATE GOVERNANCE CERTIFICATE ISSUER:

MRS. SOHELA HOSSAIN

CHIEF FINANCIAL OFFICER :

MR. S.M. ABU MOHSIN

Barrister Khan Mohammad Shameem Aziz

S.M. ABU MOHSIN

Mr. S.M. Abu Mohsin is a Commerce graduate. He is also the

Mrs. Sohela Hossain is Masters in Arts. She is the spouse of Banks

A.S.M. MAIN UDDIN MONEM

MD. ABDUL AWAL

AMJADUL FERDOUS CHOWDHURY

Mr. Amjadul Ferdous Chowdhury is a Commerce graduate.

Mr. Abdus Salam is an Electrical Engineer. As an expert in

Mr. Yakub Ali is an Arts graduate. A leading businessman of the Country.

ALHAJ MD. NURUN NEWAZ

MD. ABUL BASHAR

Mr. Md. Abul Bashar is B.S. in MIS from USA. He is