Annual Report 2015 2

Page Page Page
Executive Committee Disclosure on Risk

Letter of Transmittal
04 19 of the Board 37 Based Capital (Basel-III)
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Notice of the 31st Annual Audit Committee Disclosure on
05 General Meeting 20 of the Board 55 Green Banking
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Risk Management Credit Rating Report
Our Vision
06 21 Committee of the Board 59
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Our Mission Executives Graphical Presentation
07 23 60
Page Page Page
Our Core Values Management Committee Directors Report
08 25 64
Page Page Page Certificate of compliance
Message from the
Group Corporate Structure of Corporate Governance
09 26 Desk of the Chairman 72 Guidelines
Page Page Page BSECs Guidelines for

Message from the
Milestones Corporate Governance
10 30 Managing Director & CEO
73 & Compliance Status
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Performance of the Compliance Report on
Board of Directors
12 33 Bank at a Glance 77 BSECs Notification
Page Page Page

Value Added Statement Report of the Audit
Corporate Information
14 35 79 Committee of the Board
Page Page Economic Value Added Page Report of the Managing

Board of Directors Profile Statement Director & CEO and the
15 36 Market Value Added 82 Chief Financial Officer
Statement
Financial Statements
Page Auditors Report &

Page Page
Directors Report
Financial Statements
84 Solo and consolidated 198 of NCCB Capital Ltd. 208 Branches Nationwide
Page Page Auditors Report & Page

Financial Statements of Financial Statements Products & Services
177 Off-Shore Banking Unit 199 of NCCB Capital Ltd. 213
Page Directors Report Page Financial Statements Page
of NCCB Securities and of NCCB Exchange Photo Gallery
183 Financial Services Ltd. 206 (UK) Ltd. 215
Page Auditors Report & Page Page
Financial Statements Online Banking Proxy Form & Members
184 of NCCB Securities and
Financial Services Ltd.
207 219 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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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
Sd/-
A.K.M. Nazmul Haider
March 30, 2016
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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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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NCC Bank Limited
NCCB Capital NCCB Securities and

Limited Financial Services Limited
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18 November 1985
Incorporation of the
company as Investment
Company 15 May 1993 INITIAL PUBLIC OFFERING:
Converted and newly
Certificate of incorporated from 30 November 1999
Commencement of Investment Company to Prospectus date
Banking Company FIRST TIME ISSUANCE
Business as
Investment Company 12 December 1999 OF RIGHTS SHARE:
Subscriptions opens 21 December 2005
17 May 1993 Subscription opens
25 November 1985
License issued for License issued by 26 December 1999
opening the first Branch Bangladesh Bank Subscriptions closes
1985 1993 1999 2005
1988 1997 2000

09 December 1997 INITIAL PUBLIC OFFERING:
10 March 1988 Membership of Dhaka 16 May 2000
Membership of Dhaka Stock Exchange Limited Listed with Chittagong
Stock Exchange Limited Stock Exchange
with National Credit
Limited 28 May 2000
Listed with Dhaka
Stock Exchange
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December 2014
Shifting of Corporate
Head Office of the Bank
at its own 22 storied
11 October 2007 Building NCC Bank
Membership of Chittagong Bhaban at Motijheel.
14 June 2011
Stock Exchange Limited
Incorporation of NCCB Unveiling our New Face:
Exchange (UK) Limited Change of logo of the Bank.
2007 2011 2014
2006 2010 2013 2015

01 April 2010 19 May 2013 Certificate of
FIRST TIME ISSUANCE
Incorporation of NCCB Mobile Banking appreciation from
OF RIGHTS SHARE:
NCCB Capital Limited SURE CASH Bangladesh Bank
04 January 2006 for achieving the
04 April 2010 Launching
Subscription Closes distribution target
Incorporation of NCCB 29 December 2013 of Agricultural a
Securities and Financial Hundred Branch Rural Credit for the
Services Limited Coverage of year 2013-2014
SECOND TIME ISSUANCE NCC Bank Limited
OF RIGHTS SHARE:
11 April 2010
Subscription opens
06 May 2010
Subscription Closes
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MR. S.M. ABU MOHSIN
CHAIRMAN
MRS. SOHELA HOSSAIN MR. A.S.M. MAIN UDDIN MONEM MR. MD. ABDUL AWAL
VICE CHAIRMAN DIRECTOR DIRECTOR
MR. AMJADUL FERDOUS CHOWDHURY MR. ABDUS SALAM MR. YAKUB ALI
DIRECTOR DIRECTOR DIRECTOR
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ALHAJ MD. NURUN NEWAZ MR. MD. ABUL BASHAR MR. MD. HARUNUR RASHID
DIRECTOR DIRECTOR DIRECTOR
MR. KHAIRUL ALAM CHAKLADER MR. MD. MOINUDDIN MR. MD. AMIRUL ISLAM, FCS, FCA
DIRECTOR DIRECTOR INDEPENDENT DIRECTOR
MR. K.A.M. HAROON MR. GOLAM HAFIZ AHMED

INDEPENDENT DIRECTOR MANAGING DIRECTOR & CEO
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CHAIRMAN : MR. S.M. ABU MOHSIN
VICE CHAIRMAN : MRS. SOHELA HOSSAIN
CHAIRMAN : ALHAJ MD. NURUN NEWAZ

EXECUTIVE COMMITTEE OF THE BOARD
CHAIRMAN : MR. MD. AMIRUL ISLAM, FCS, FCA

AUDIT COMMITTEE OF THE BOARD
CHAIRMAN : MR. A.S.M. MAIN UDDIN MONEM

RISK MANAGEMENT COMMITTEE OF THE BOARD
MANAGING DIRECTOR & CEO : MR. GOLAM HAFIZ AHMED
COMPANY SECRETARY (c.c.) : A.K.M. NAZMUL HAIDER
CHIEF FINANCIAL OFFICER : MR. MOHAMMED MIZANUR RAHMAN FCA
STATUTORY AUDITORS : ACNABIN

Chartered Accountants
BDBL Bhaban (Level-13 &14)12, Kawran Bazar
Commercial Area, Dhaka-1215, Bangladesh.
LEGAL ADVISOR : 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.
CREDIT RATING AGENCY : Alpha Credit Rating Limited

Sadharan Bima Bhaban-2(8th Floor)
139, Motijheel C/A, Dhaka-1000, Bangladesh.
CORPORATE GOVERNANCE CERTIFICATE ISSUER: MABS & J PARTNERS

SMC Tower (7th Floor)
33, Banani C/A, Road 17, Dhaka-1213, Bangladesh.
REGISTERED OFFICE : 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
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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
S.M. ABU MOHSIN successful entrepreneurs of the country. Mr. Mohsin was the
Chairman 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
SOHELA HOSSAIN
has been handling the family business besides being a media
Vice Chairman
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.
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.
A.S.M. MAIN UDDIN MONEM Being a leading business entrepreneur of the country, he earned the
Director 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 MD. ABDUL AWAL
Association. He is an Honorable founder member of the Board of Governors of Director
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.
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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
AMJADUL FERDOUS CHOWDHURY
of Bangladesh Garments Manufacturers and Exporters
Director
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.
ABDUS SALAM
Salam is associated with the organizations namely, The
Director
Bengal Electric Ltd., Multipul Equipment & Engineering Ltd.,
Gangatia Fisheries Ltd., Bengal Shipyard Ltd. etc.
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
YAKUB ALI Limited, Anowara Paper Mills Limited, Diamond Cement Limited, HG
Director 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 ALHAJ MD. NURUN NEWAZ
Commerce and Industry (FBCCI). He is also the Senior Vice President of the Director
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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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
MD. ABUL BASHAR contributing a lot for upward growth of his business
Director 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 MD. HARUNUR RASHID
Construction Company, Faridgonj Fisheries Ltd., Global Director
Insurance Ltd., NCC Holdings Limited, Apuraba Embroidery,
etc. He was one of the District Governors of the Lions Club.
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,
KHAIRUL ALAM CHAKLADER pharmaceuticals, Real Estate and electronics segments,
Director 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 MD. MOINUDDIN
companies in the Real Estate Industry, Hotel Industry like Director
Janata Real Estate, Central Paris, Salam Trading, Gausia
Trading, etc.
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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
MD. AMIRUL ISLAM, FCS, FCA of the Bank. A diversified and successful professional. Mr.
Independent Director 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. K. A. M. HAROON
Haroon has been working as Deputy Team Leader under Independent Director
Regional Co-operation and Integration Project Rail
Component, a joint venture project of CANARAIL, SMEC, DB,
ACE Consultants Ltd.
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ALHAJ MD. NURUN NEWAZ
CHAIRMAN
MR. S.M. ABU MOHSIN MRS. SOHELA HOSSAIN MR. A. S. M. MAIN UDDIN MONEM
MEMBER MEMBER MEMBER
MR. AMJADUL FERDOUS CHOWDHURY MR. ABDUS SALAM MR. YAKUB ALI
MEMBER MEMBER MEMBER
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MR. MD. AMIRUL ISLAM, FCS, FCA
CHAIRMAN
MR. MD. ABUL BASHAR MR. MD. HARUNUR RASHID

MEMBER MEMBER
MR. KHAIRUL ALAM CHAKLADER MR. K.A.M. HAROON

MEMBER MEMBER
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MR. A.S.M. MAIN UDDIN MONEM
CHAIRMAN
MR. S.M. ABU MOHSIN ALHAJ MD. NURUN NEWAZ

MEMBER MEMBER
MR. ABDUS SALAM MR. MD. ABUL BASHAR

MEMBER MEMBER
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MANAGING DIRECTOR & CEO SR. VICE PRESIDENT
MR. GOLAM HAFIZ AHMED MR. MD. ABDULLAH-AL-KAFI MAZUMDER
MR. SK SIRAJUL KABIR
ADDITIONAL MANAGING DIRECTOR MR. MANZURUL KARIM
MR. MOSLEH UDDIN AHMED MR. MD. SHAFIQURE RAHMAN
MR. FAKRUL ISLAM
DEPUTY MANAGING DIRECTOR MR. AGA MOHSENUL MULK
MR. MD FAZLUR RAHMAN MR. MOIN UDDIN AHMED
MR. ABU ZAFORE MD SALEH MR. YUNUS KHAN
MR. SAIF UDDIN AHMED
COMPANY SECRETARY (c.c.) MR. MOHAMMAD HANIF
MR. A.K.M. NAZMUL HAIDER MR. A.K.M.AHSAN KABIR
MR. KHIRKIL NOWAZ
SR. EXECUTIVE VICE PRESIDENT

MR. ISHTIAQUE AHMAD
VICE PRESIDENT
MR. MD SALIM ULLAH
MR. MUKHTAR AHMED
MR. A.B.M. ABDULLAH
MR. MD. ABDUL MATIN
MR. MOHAMMAD WAHEDUR RAHMAN MR. TAHER AHMED
MR. MD. MOSTAFIZUR RAHMAN KHANDAKER
MR. MD. NUR NABI
EXECUTIVE VICE PRESIDENT MR. A.K.M. KAMAL CHOWDHURY
MR. SYED MOHAMMAD MASUM MR. SALIM ULLAH
MR. SUBODH CHANDRA SAHA MR. SHUJA UDDIN
MR. ASHIM KUMAR SAHA MR. SYED SADIQUR RAHMAN
MR. JOYNUL ABEDIN MR. FARHAD AKHTER MD. SHAHRIYAR
MR. MD ABDUL AWAL MR. SYED NURUL HUDA
MR. ZALAL UDDIN CHOWDHURY MR. MASUD KARIM KHAN
MR. MAHFUZUR RAHMAN KHAN MR. MD. MIZANUR RAHMAN
MR. MOHAMMED MIZANUR RAHMAN FCA MR. ANJAN DATTA
MR. MOHAMMAD ABDULLAH MR. KARTICK SEN
MR. MD. EKHLAS
SR. VICE PRESIDENT MR. SARWARUL KABIR CHOWDHURY
MR. GAZI HASSAN MAHMOOD MR. MD AMANULLAH
MR. MD. KHAIRUL ALAM MR. MOHAMMAD KAMRUZZAMAN
MR. SYED SHAHADAT HOSSAIN MR. KISHALOY SEN
MR. JAGADISH CHANDRA DEBNATH MR. MD ABDUL WADUD
MS. MARIA GOMES MR. JAHANGIR HOSSAIN
MR. MD. MOHIUDDIN
MR. MD. MANSURUDDIN
MR. SHOAIB AHMED
MR. A.N.M OBAIDUR RAHMAN
MR. MD ABDUL HANNAN
MR. MUHAMMAD EMRANUL MUSABBIR
MR. MD ABDUL BARI SARKER
MR. MD TAIAB ALI KHAN
MR. SALEH UDDIN AHMED CHOWDHURY
MR. A.R.M. SAOKOT HOSSAIN
MR. A.K.M EKHLASUR RAHMAN
MR. MD. ALI KADAR MR. MD HARUN-UR-RASHID
MR. A.B.M. JASHIMUDDIN AHAMED MR. MAHBUBUR RAHMAN
MR. MD. GIASUDDIN BHUIYAN MR. MD NURUL AMIN
MR. HUMAYUN SHOAB MR. SUSHIL KUMAR SAHA
MR. TANVIR AHMED SIDDIQUE MR. MIZANUR RAHMAN KHAN
MR. MASHESH PROSAD SARKER
MR. A.Z.M.JAHANGIR KHAN
MR. MD MAHFUZUR RAHMAN
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SR. ASSTT. VICE PRESIDENT
MR. JUBAIR HASAN KHAN ASSTT. VICE PRESIDENT
MR. MD ABDULLAH SHAHID MR. K.M.SHAFIQUR RAHMAN
MR.MD. JAMAL UDDIN MR. MEER MAHMOOD BILLAH
MR. SHAMIMUL HOQUE MR. MD KHAYYAM IQBAL TAHIN
MR. SAADAT MUHAMMAD AYUB MR. MD ZAMSHED HAIDER CHOWDHURY
MR. A.K.M. HUMAYUN KABIR MR. MD NACHER
MR. MD. HANIF MR. MD MAKSUMUL ISLAM
MR. FAZLE MAHMUD MR. ABDUL HALIM KHAN
MR. MD HARUN-OR-RASHID MR. MD ANISUL KARIM MAZUMDER
MR. A.H.M. ABDUS SADIK KHAN MR. MD ABDUS SATTAR
MR. TAREQ MD FEROZ MR. MD AKBAR HOSSAIN
MR. FAKHRUL PASHA CHOWDHURY MR. MD MUJIBUR RAHMAN
MR. MD LIAKOT ALI MS. BILKIS JAHAN CHOWDHURY
MR. MOHD REZOWAN MR. A.S.M.MONJURUL MALEQUE
MR. MOHAMMED LOKMAN MR. MD SAROWAR KAMAL CHOWDHURY
MR. K.A.S.M. KHALID KAUSAR MR. MD MOHI UDDN
MR. A.S.M. TARIQUL ALAM MR. BORHANUDDIN MAZUMDER
MR. MD AMINUL EHSAN MR. MD ANISUR RAHMAN
MR. A.K.M SHAHABUDDIN MR. MANTU KUMAR DAS
MR. MD FORHAD HOSSAIN MR. S.M.REZAUL IMRAN
MR. MD MAHBUB HOSSAIN MR. SHAMSUR RAHMAN KHAN
MS. SANJEEDA ISMAIL CHAUDHURI MR. FAIZUR RAHMAN
MR. MD SOLMAN MR. MD SALIM
MR. MD NAZRUL ISLAM MR. MD SHAKILUR RAHMAN
MR. SK SHAHADAT HOSSAIN MR. A.Z.M ZAFOR ULLAH
MR. MUFTI MUSTAFIZUR RAHMAN MR. BIMAN KANTI GHOSE
MR. MUHAMMAD SHAHIDUL ISLAM MR. ABU MOHAMMAD SANAULLAH
MR. MD WALIUL ISLAM MR. MIR MOHAMMAD SHAHINUR RAHMAN
MR. MOHAMMAD NURUL HAQUE MR. HAROON-UR-RASHID
MR. KHONDKER QAMRUZZAMAN MR. MOHAMMAD DIDARUL ALAM
MR. MD MEHEDI HASAN MR. PRADIP KUMAR HALDER
MR. MD JASHIM UDDIN MR. MD SHAFIQUZZAMAN BHUIYAN
MR. MD MOSTAFIZUR RAHMAN MR. A.S.M.IQBAL HOSSAIN
MR. ANISUR AHMAN MAJUMDER MR. MD ZAKIR HOSSAIN
MR. FEROZ AHAMED MR. A.S.M.KAMAL HOSSAIN
MR. SULTAN SALAH UDDIN MR. MOHAMMAD SUMON RAHMAN
MS. AYESHA SIDDIQUA MR. MOHAMMAD EMDAD HOSSAIN
MR. A.K.M.FAKHAR UDDIN MR. S.M.SALAM
MR. MD SHAKHAWAT HOSSAIN MR. WASIQUR RAHMAN
MR. SHAH MOSTAFA KAMAL PASHA MR. MOHAMMAD ANISUL HAQUE
MR. SHAMSUL HOQUE SARKER EXECUTIVES FOR SPECIAL ASSIGNMENT
MR. IFTEKHARUL AZIM
MR. JOYNAL ABEDIN PROJECT HEAD
MR. KHALED AFZAL RAHIM MR. SYED MOHAMMAD BARIQULLAH
MR. MAHTAB IBNA MANNAN SARKER
MR. MAHFUZUL ISLAM SPECIAL VIGILANCE OFFICER
MR. SHYAMA PRASAD BHATTACHARJEE
ASSTT. VICE PRESIDENT
MR. FAZLE AZIM CHIEF LAW OFFICER
MR. ABUL MONSUR CHOWDHURY
MR. MD. ASHEKUR RAHMAN
MR. MUSTAFA TAYUB
MR. A.N.M. SADEQUE ELAHEE HEAD OF SECURITY AND LOGISTICS
MAJOR MD. ABDUR RAZZAK (Retd.)
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5 6 3 1
9 2
4 7
8
Mr. Golam Hafiz Ahmed Mr. Mosleh Uddin Ahmed Mr. Md. Fazlur Rahman
1 Managing Director & CEO 2 Additional Managing Director 3 Deputy Managing Director
Chairman Member Member
Mr. Abu Zafore Md. Saleh Mr. Ashim Kumar Saha Mr. Mohammed Mizanur Rahman FCA
4 Deputy Managing Director 5 Executive Vice President 6 Executive Vice President & CFO
Member Member Member
Mr. A.R.M. Saokot Hossain Mr. Md. Abdullah-Al-Kafi Mazumder MR. A.K.M. Ahsan Kabir
7 Sr. Vice President 8 Sr. Vice President 9 Sr. Vice President
Secretary Member Member
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S.M. ABU MOHSIN
Chairman
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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.
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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
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28
GOLAM HAFIZ AHMED
Managing Director and CEO
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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.
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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
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32
BDT in Million (where applicable)
Particulars 2011 2012 2013 2014 2015

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

Shareholders' Information Taka Taka Taka Taka Taka
Earnings per share (EPS) 3.70 2.06 1.49 1.70 1.54
Price earnings (PE) ratio (times) 8.21 8.73 8.80 6.59 5.89
Dividend : Cash (%) 10.00% - 6% - 12.75%
Bonus (%) 17.00% 10.00% 5% 10% -
Right Share - - - -
Net asset value (NAV) per share 19.50 17.46 17.34 16.13 17.72
Net operating cash flow per share 5.48 2.16 4.06 1.97 2.75
Market value of share 30.40 18.20 13.10 11.20 9.10
Market capitalisation 18,062.63 12,652.16 10,017.45 8,992.77 8,037.28
Number of shares (Nos.) 594,165,435 695,173,558 764,690,913 802,925,458 883,218,003
Number of shareholders (Nos.) 93,173 90,089 96,213 88,643 76,045
Financial Ratios
Credit Deposit Ratio (CDR) 83.00% 77.00% 83.00% 77.41% 83.57%
Return on equity (ROE) (%) 18.98% 11.81% 8.96% 10.93% 9.12%
Return on assets (ROA) (%) 2.12% 1.14% 0.91% 1.16% 0.97%
Return on investment (ROI) (%) 13.99% 9.05% 11.04% 11.50% 11.25%
Cost of fund (%) 11.46% 11.95% 11.61% 10.81% 9.84%
Cost income ratio (%) 70.00% 72.05% 76.61% 76.53% 74.28%
Other Information
Number of branches 87 93 101 103 104
Number of ATM 21 47 56 67 73
Number of employees 1716 1811 2192 2277 2296
Number of foreign correspondents 449 434 420 396 405
Credit Ratings
Long term AA3 AA- AA AA AA
Short term ST-2 AR-2 AR-2 AR-2 AR-2
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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 2014
Particulars
Taka % Taka %
Income from Banking Services 15,029,896,700 15,961,794,400
Less: Cost of Services & Supplies 9,058,809,591 10,319,787,094
Value Added by the Banking Services 5,971,087,109 5,642,007,306
Less: Provisions 1,638,552,537 1,221,323,403
4,332,534,572 4,420,683,903
Distribution of Value Added
To Employees as Salaries & Allowances 1,867,554,514 43.11% 1,747,895,809 39.54%

To Government as Income Tax 893,261,811 20.62% 869,355,654 19.67%
To NCC Bank Foundation 25,000,000 0.58% 25,000,000 0.57%
To Statutory Reserve 440,541,521 10.17% 500,095,692 11.31%
To Expansion & Growth 1,106,176,726 25.53% 1,278,336,748 28.92%
Retained Earnings for Current Year 923,275,213 1,001,233,526
Deferred Tax (54,370,942) 129,793,588
Depreciation 237,272,455 147,309,634
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
25.53% & Growth
28.92%
Salaries & Salaries
Statutory Allowances & Allowances
Reserve
43.11% Statutory 39.54%
10.17% Reserve
NCC Bank 11.31%
Foundation
Income Tax Income Tax
0.58% 20.62%
NCC Bank
Foundation 19.67%
0.57%
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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.
2015 2014
Particulars
Taka Taka
Total Revenue 15,029,896,700 15,961,794,400
Less: Expenses 12,827,189,097 13,461,315,940
Profit Before Tax (PBT) 2,202,707,603 2,500,478,460
Less: Corporate Tax 838,890,869 999,149,242
Profit After Tax (PAT) 1,363,816,734 1,501,329,218
Shareholders' Equity 15,654,638,259 14,249,144,562

Add: Provision for Loans and Advances & Off-Balance Sheet Items 4,366,556,488 3,771,605,045
20,021,194,747 18,020,749,607
Average Shareholders' Equity 14,951,891,411 13,733,420,327

Cost of Capital* 10.40% 11.60%
Capital Charges 1,554,996,707 1,593,076,758
Economic Value Added (PAT-Capital Charges) (191,179,972) (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.
2015 2014
Particulars
Taka Taka
Market Value of Total Equity 7,306,621,668 8,992,765,130
Less: Book Value of Total Equity 15,654,638,259 14,249,144,562
Market Value Added (8,348,016,991) (5,256,379,432)
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36
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 disclo-
sures 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 National Credit and Commerce Bank Limited (NCCBL)
this guidelines applies;
b) An outline of differences in The disclosure made in the following sections has addressed NCCBL as a single entity (Solo
the basis of consolidation Basis) as well as a consolidated entity (Consolidated Basis), the scope of which is as under:
for accounting & regulatory
purposes, with a brief 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.
description of the entities
within the group (a) that are The Consolidated Financial Statements of NCCBL includes the Financial Statements of:
fully consolidated, (b) that
are given a deduction National Credit and Commerce Bank Limited
NCCB Securities & Financial Services Limited
treatment and (c) that are
NCCB Capital Limited
neither consolidated nor NCCB Exchange (UK) Limited
deducted (e.g. where the
investment is risk-weighted); 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.
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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
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 Not Applicable.
major impediments, on
transfer of funds or regulatory
capital within the group;
Quantitative Disclosures
The aggregate amount of Not Applicable.
surplus capital of insurance
subsidiaries (whether deducted
or subjected to an alternative
method) included in the
capital of the consolidated
group;
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38
2.00 Capital Structure:
Summary information on the In accordance with the Risk Based Capital Adequacy Guidelines issued by
terms and conditions of the Bangladesh Bank in December 2014, the Capital Structure of the Bank is categorized
main features of all capital into two Tiers 1) Tier I and 2) Tier II. The components of the total regulatory capital
instruments, especially in the are enumerated as under:
case of capital instruments
eligible for inclusion in CET 1, 1. Tier 1 Capital (going-concern capital)
Additional Tier 1 or Tier 2;
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.
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The amount of regulatory capital of the Bank as on 31 December 2015 is stated below:
BDT in Crore (where applicable)

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

A summary discussion of the Methodology of Capital Adequacy Determination:
Banks approach for assessing
The Bank has computed the Capital to Risk Weighted Ratio (CRAR) adopting the following
the adequacy of its capital to approaches:
support current and future
activities; 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.
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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: BDT in Crore (where applicable)
Particulars Solo Consolidated
Capital requirement for credit risk 10,947.82 11,072.13
Capital requirement for market risk 248.04 257.68
Capital requirement for operational risk 1,079.40 1,183.71
Total capital requirement under Pillar-I 12,275.26 12,513.52
Capital to risk weighted asset ratio (CRAR) 13.52% 13.28%
Common equity Tier-1 capital to risk weighted asset ratio 12.41% 12.20 %
Tier 1 capital to risk weighted asset ratio 12.41% 12.20%
Tier 2 capital to risk weighted asset ratio 1.11% 1.09%
Capital conservation buffer 3.52% 3.28%
Available capital for Pillar 2 431.89 410.96
4.00 Credit Risk:

The general qualitative disclosure requirement with respect to credit risk, including:
a) Definitions of past due and As per relevant guidelines of Bangladesh Bank, NCCBL defines the past due and
impaired (for accounting impaired loans and advances for strengthening the credit discipline and mitigating the
purposes); 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;
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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.
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b) Approaches followed for As per the guideline of Bangladesh Bank regarding the provisioning of loans &
specific and general advances, the Bank has followed the following approaches in calculating the specific
allowances and statistical & general provisions:
methods;
Types of Loans & Advances Rate of Provision Requirements
UC SMA SS DF BL
House Building & 2% 2% 20% 50% 100%
Professionals
Other than 5% 5% 20% 50% 100%
Consumer
Housing Finance &
Professionals to
setup Business
Brokerage House, Merchant 2% 2% 20% 50% 100%
Banks, Stock Dealers, etc.
Short Term Agri. Credit and 2.50% 2.50% 5% 5% 100%
Micro Credit
Small & Medium Enterprise 0.25% 0.25% 20% 50% 100%
Finance
Others 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 arises while the borrowers or counterparty to a financial transaction fails to
credit risk management discharge an obligation as per agreed covenants, resulting in financial loss to the
policy; 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.
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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 BDT in Crore %
Industrial loan 3,636.89 34.69%
Commercial lending 1,789.38 17.07%
Export finance 444.59 4.24%
Import finance 2,386.61 22.76%
Retail loan 833.56 7.95%
Agricultural loan 226.83 2.16%
House building 469.74 4.48%
Transport loan 170.72 1.63%
Staff loan 59.35 0.57%
Others 467.79 4.46%
Total 10,485.47 100.00%
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Geographical Distribution of Credit Exposure:
Division BDT in Crore %
Dhaka 6,796.53 64.82%
Chittagong 2,867.66 27.35%
Khulna 128.43 1.22%
Rajshahi 101.60 0.97%
Sylhet 227.43 2.17%
Rangpur 294.79 2.81%
Barisal 19.22 0.18%
Mymensingh 49.81 0.48%
Total 10,485.47 100.00%
Industry Type Distribution of Exposure:

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

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

Particulars Loans & Advances Provision Against Loans & Advances
Total loans and advances 10,485.47 402.13
Un-classified loans & advances 9,744.47 85.17
Classified loans and advances 741.00 316.96
Sub-standard (SS) 23.61 1.77
Doubtful (DF) 60.46 10.62
Bad & loss (BL) 656.93 304.57
Off-balance sheet Items 3,425.29 34.52
Gross Non Performing Assets (NPAs):

Gross non-performing assets (NPAs) 741.00
Total loans and advances 10,485.47
NPAs to outstanding loans & advances (%) 7.07%
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Movement of Non Performing Assets (NPAs):
Opening balance 673.55
Additions 185.10
Reductions 117.65
Closing balance 741.00
Movement of Specific Provisions for NPLs:

Opening balance 270.51
Adjustment due to write-off (98.04)
Add: Recoveries of amount previously written off 1.46
Provisions made during the period 143.03
Closing Balance 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.
BDT in Crore
Particulars Cost Price Market Price
Investment In quoted share 158.11 109.67

Realized gains 3.53
Unrealized gains 2.59
Unrealized losses (51.03)
Net unrealized gains/(loss) (48.44)
Capital requirement for equity risk (specific & general) 21.76
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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
Total 158.11 109.67 10.88 10.88 21.76
6.00 Interest Rate Risk in the Banking Book (IRRBB):

The general qualitative Interest Rate in the Banking Book reflects the shocks to the financial position of the
disclosure requirement bank including potential loss that the Bank may face in the event of adverse change
including the nature of in market interest rate. This has an impact on earnings of the bank through Net
IRRBB and key assumptions, Interest Earnings as well as on Market value of Equity or net worth. Thus this risk
including assumptions would have an impact on both earning potential and economic value of the Bank.
regarding loan repayments The Bank uses Duration Gap Analysis (DGA) for deriving value of capital requirement
and behavior of for interest rate risk.
non-maturity deposits, and The Bank ensures that interest rate risk is not included within the market risk. The
frequency of IRRBB Bank has calculated the rate sensitive assets and liabilities with maturity up to 12
measurement. months bucket and applied the sensitivity analysis to measure the level of interest
rate shock on its capital adequacy.
BDT in Crore
The increase (decline) in Particulars Up to 3 months 3-6 months 6-12 months
earnings or economic value Rate Sensitive Assets (RSA) 4,419.00 1,737.70 246.57
(or relevant measure used Rate Sensitive Liabilities (RSL) 5,040.04 1,577.47 798.82
by management) for Gap (RSA-RSL) (621.04) 160.23 (552.25)
upward and downward rate
shocks according to
managements method for Interest Rate Shock on Capital BDT in Crore
measuring IRRBB, broken Total regulatory capital 1,659.42
down by currency (as Total risk weighted assets (RWA) 12,275.26
relevant). Capital to risk weighted asset ratio (CRAR) 13.52%
BDT in Crore (where applicable)
Assumed decrease in interest Rate 1% 2% 3%
Change in market value of equity 61.99 123.99 185.98
Capital after shock 1,597.42 1,535.43 1,473.43
CRAR after shock 13.42% 12.90% 12.38%
Decrease in CRAR 0.10% 0.62% 1.14%
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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 BDT in Crore

Interest Rate Related instruments 12.33
Equities 217.62
Foreign Exchange Position 18.09
Commodities 0.00
Total 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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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 BDT in Crore

Basis Operational Risk 2013 2014 2015 Capital Charge
Solo Gross Income 650.75 723.19 784.85 107.94
Consolidated Gross Income 696.75 789.33 881.34 118.37
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:
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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:
(Tire-1 Capital (after related deductions))
Leverage Ratio=
(Total Exposure (after related deductions))
BDT in Crore
Particulars Solo Basis Consolidated Basis
Tier 1 Capital* 1,523.23 1,526.13
On Balance Sheet Exposure* 13,869.50 14,026.26
Off-Balance Sheet Exposure* 2,434.07 2,434.07
Total Exposure 16,303.57 16,460.33
Leverage Ratio 9.25% 9.21%
10.00 Liquidity Ratio:

a) Views of BOD on system to As per the BRPD Circular no. 18 dated 21 December 2014, Bangladesh Bank has
reduce liquidity Risk; 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 measurement involves assessing all of a bank's cash inflows against its
Liquidity Risk; 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
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.
c) Liquidity Risk management National Credit and Commerce Bank Limited maintains diversified and stable
system; 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 In order to develop a comprehensive liquidity risk management framework, the
mitigating Liquidity Risk; 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. Maintenance of a reasonable amount of liquid assets;
B. Measurement and projection of funding requirements and
C. 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 Liquidity Coverage Ratio (LCR) is a new liquidity standard built on the
(LCR) 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
status as on 31 December 2015 in this ratio is as follows: BDT in Crore
Particulars Regulatory Standard 31 December 2015
Total stock of high 2,900.10
quality liquid assets
Total net cash Greater than or
outflows over the next equal to 100 1,870.68
30 calendar days
Liquidity Coverage
Ratio (LCR) 155.03%
b) Net Stable Funding Ratio Net Stable Funding Ratio (NSFR) is another new liquidity standard introduced by the
(NSFR) 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) 12,205.38
Required amount of Greater than 100 12,843.09
stable funding (RSF)
Net Stable Funding 95.03%
Ratio (NSFR)
11.00 Remuneration:
a) Information relating to the Managing Director, MANCOM & Head of Human Resources Division govern the
bodies that oversee remuneration related policies and practices in alignment of the Banks short & long
remuneration; 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 NCCBL has a flexible compensation and benefits system that helps to ensure pay
design and structure of equity is linked with performance that is understood by employees, and keeps in
remuneration processes; 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.
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.
c) Description of the ways in The business risk including credit/default risk, compliance & reputational risk are mostly
which current and future risks considered when implementing the remuneration measures for each employee/group
are taken into account in the of employee. Financial and liquidity risk are also considered.
remuneration Different set of measures are in practice based on the nature & type of business
processes; 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.
No material change has been made during the year 2015 that could the affect the
remuneration.
d) Description of the ways in The Board sets the Key Performance Indicators (KPIs) for the senior management while
which the bank seeks to link approving the business target/budget for each year for the Bank and business
performance during a lines/segments. The management sets the appropriate tools, techniques and strategic
performance measurement planning (with due concurrence/approval of the Board) towards achieving those targets.
period with levels of The most common KPIs are the achievement of loan, deposit and profit target with the
remuneration; 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.
e) Description of the ways in The Bank pays variable remuneration i.e. annual increment based on the yearly performance
which the bank seek to adjust rating on cash basis with the monthly pay. While the value of longer term variable part of
remuneration to take account remuneration i.e. the amount of Provident Fund, Gratuity Fund, Superannuation Fund are
of longer-term performance; made provision on aggregate /individual employee basis; actual payment is made upon
retirement, resignation etc. as the case may be, as per rule.
f ) Description of the different A summary of Short-term and Long-term compensation plan are as follows:
forms of variable Total Compensation = Fixed Pay (Salary) + Variable Pay (Bonus) + Variable Pay (Long
remuneration that the bank term incentive).
utilizes and the rationale for
Form of variable remuneration offered by NCC Bank:
using these different forms;
Cash Form:
Short-Term Incentive/Rewards
1. Yearly fixed and incentive bonus;
2. Yearly increment;
3. Business accomplishment financial award;
4. Car fuel and car maintenance allowance for executives;
5. Cash risk allowance for cashier;
6. 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
bonuses awarded during the financial year; Nil
iii) Number and total amount of sign-on
awards made during the financial year; Nil
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
remuneration, split into cash, shares and Nil
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
Nil
exposed to ex post explicit and/or implicit
adjustments;
ii) Total amount of reductions during the
financial year due to ex-post explicit Nil
adjustments;
iii)Total amount of reductions during the
financial year due to ex-post implicit Nil
adjustments;
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54
Industrialization around the globe has triggered the pursuit renewable energy (solar), energy saving bulbs, solar panels,
of ever increasing needs and demands of the population and automatic stopping water faucets, low flush toilets, double
it has become symbol of prosperity and development of an option flash (low/high) comod, using Email & Gmail for
economy. But on the other hand it has resulted in the communication, both side printing printers and
exploitation of the natural resources and environment which photocopiers, E-tendering, sharing the office
in turn has disturbed the ecological balance. The disturbance stationeries(stapler, punch machine, pin remover, marker,
in ecological balance has adversely impacted on human and fluid etc.), energy efficient & environment friendly
its surrounding environment. The recent industrial disasters equipments and many more.
and natural disaster occurred in the last three decades were
directly or indirectly linked with the uneven industrialization. Solar equipped Branches:
This in turn has raised an important issue of environmental Throughout the country 12 Branches of NCC Bank Ltd. has
protection among environmentalists, government and already inaugurated run by solar power. These are Uttara,
organization from all over the world. Environmental Tongi, Narshingdi, Maijdee, Madambibirhat, Juri, Rayerbazar,
sustainability and sustainable development have become the Faridgonj, Mahipal , Parulia, NCC Bank Bhaban branch and
important agenda among the international community. Head Office. The Marketing and Branches Division (MBD) and
Various conferences and programs such as Earth Summit and Common Services Division (CSD) of our bank have already
United Nation Environmental program were being organized been advised to increase the number of green branches and
to create awareness about this alarming issue. Understanding also to open new green branches to ensure the compliance of
the importance of the existence of human health & well being requirements of Bangladesh Bank in order to obtain Green
governments as well as the organizations started taking Logo from them.
various initiatives for the concern of environmental
protection and sustainability. Environmental sustainability Training:
plays a vital role in sustainable growth and development, as Employee awareness, development and training on
the integration of social, economical and environmental environmental and social risk and the relevant issues are
sustainability help to make the development sustainable. continuous process as part of the Bank's Employee Training
Environmental protection has become a part of strategy in Program. As greening of mind, we have arranged trainings
most organizations in the developed countries and started and awareness building programs related to Green Banking,
offering environment friendly or green products and services Financial Inclusions, Financial Literacy, Environmental Risk
to the consumers. We have also adopted environmental friendly Management, etc. During the year 295 Executives & Officers
practices within the organization as under: have participated in 14 different seminars/workshops
training sessions held at Bangladesh Bank, BIBM, NCCB
Green Banking Policy:
Training Institute & other places.
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
Workshop on Green Finance and Financial Inclusion
electronic equipments, sharing office stationary etc. in order
to save the environment.
Some Green Features of NCC Bank Bhaban (Head Office): Green Finance:
The Head Office (NCC Bank Bhaban) bears several green NCCBL is always encouraging financing environment friendly
features such as, scope of maximum use of daylights, using projects & also 50 green products of Bangladesh Bank
Page
56
(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)
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, E-
Agreement with Enterprise Development Company Ltd.(EDCL) Recruitment, E- Tender etc. along with Refinance Scheme for
setting up Bio-Gas Plants, Solar Panels, ETP, vermicompost,
Utilization of Climate Risk Fund: Hydroelectricity, Hybrid- Hoffman Brick Kiln etc., ADB
NCC Bank participated in some environment related projects Refinance Scheme for Brick Kiln Efficiency Improvement. &
and event in 2015 to make the awareness among the refinance scheme for Tk.10 account holding
stakeholders as well as corporate social responsibility to the small/marginal/landless farmers, low income professionals
society. The Bank provided Tk. 15 lac as CSR as partial and marginal/ small businessmen who are victim of natural
construction cost of a Natural Storage for prevention of calamities under financial inclusion program. We have also
perishable crops at Fatepur, Pirgonj in Rangpur and also prepared brochures to promote these green products.
provided fund for Earthquake victims of Nepal & distribution Online Banking:
of bicycles among the underprivileged students of former NCC Bank is giving more emphasis to make the easiest way
enclaves (Chitmohol) as CSR activities. 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.
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.
Natural Storage in Rangpur
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57
central circular archive (http://192.168.101.20/Circulars/).
Financial inclusion Program: Moreover anyone can communicate with the Green
NCC Bank Ltd. has signed a participation agreement to Banking Unit (GBU) through Gmail (address:
avail refinance scheme for Tk.10 account holding greenbanking@nccbank.com.bd) or vide 02-9512620.
small/marginal/landless farmers, low income
professionals and marginal/ small businessmen who are Disclosure:
victim of natural calamities under financial inclusion The Green Banking Unit of NCC Bank Ltd has been
program to ensure our contribution in the financial reporting its green banking activities to Bangladesh Bank,
inclusion process by bringing the marginal people of in Banks website as well as Annual Report.
the country under the umbrella of banking services. In NCC Bank Ltd. will continue its journey towards
2015 NCC Bank so far opened 2229 no of Tk. 10 A/cs & sustainable banking through its operation and financing.
facilitated loan of Tk. 6.58 million among the Tk. 10 A/c Upholding the ideology Respect for Nature, as one of its
holders under refinance scheme of BB to make access of pertinent core values.
under privileged persons to banking facility.
We maintain the followings and pursue others to
Financial Literacy: maintain :
NCC Bank Ltd. has introduced various posters, banners,
brochures, pamphlets, advertisements, campaigns
regarding its products and also participated the Reduce, Reuse & Recycle
Banking Fair 2015 at Bangla Academy, Dhaka to build
Nature doesnt need us, we need nature, we are
up awareness to the customers as well as the nation.
The Bank also organized Tree Plantation Program to to protect nature
motivate its clients to plant at least one plant, before
setting up industry take control & mitigation of Save Earth for Our Future
pollution, to ensure efficient use of electricity, water, Less pollution is the best solution
paper & reuse of equipments, use energy saving bulbs &
other eco-friendly equipments to save energy. 02(Two) Protect our earth today for our childrens
billboards of NCC Bank Ltd. has displayed at Mawa, tomorrow
Dhaka-Khulna Highway & Matuail, Jatrabari in Dhaka
conveying the message of Green Banking. 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

Solar Pannel
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
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58
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
2014 2013
Long Term AA (Very Strong Capacity) AA (Very Strong Capacity)
Short Term AR-2 (Strong Capacity) AR-2 (Strong Capacity)
Outlook Stable Stable
Date of Rating June 30, 2015 June 30, 2014
Valid till June 29, 2016 June 29, 2015
Rating action Surveillance 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
Premium Term Deposit 0.01% Prize Bond 0.03%
Instant Earning Term Deposit 0.00%
Investment in shares Government treasury bills
Money Double Program
7.90%
Money Triple Program 5.28% 1.62%
Sundry Deposit & 0.54% Zero coupon bonds & other bonds
Other Accounts
4.55% 1.35%
Special Deposit Scheme
3.68%
Special Savings Scheme Sectoral Distribution
14.57%
Distribution Fixed Deposit
of
of 40.06% Investment
Deposits Portfolio
2015 2015
Savings Deposit
13.77%
Current Deposit Government treasury bonds

Special Notice Deposit
7.87% 7.05% 91.72%
Others
12.98% Acceptances and Export development
Agriculture endorsements fund (EDF)
2.16% 8.26% 0%
Letter of Credit
House building loan
Industry 6.46%
Sectoral
4.48% 34.69%
Distribution
Letter of Guarantee Funded
of 9.90%
Business
Advances
and
17.06% 2015 Contingent
Total Advances
Assets 75.38%
Export financing
2015
4.24%
Transport and
communication Import financing
1.63% 22.76%
Remittance Total Assets Export

(2011-2015) (2011-2015) (2011-2015)
Figure (in Million) Figure (in Million) Figure (in Million)
146,370
135,160
21,706
125,842
124,043
18,703
20,981
103,511
16,323
16,079
15,371
17,138
14,549
14,354
13,347
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
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60
Investment Deposit & Advance
Import
(2011-2015) (2011-2015)
(2011-2015) Figure (in Million) Figure (in Million)
Figure (in Million)
112,722
55,044
104,855
52,614
105,704
51,308
49,995
30,852
98,229
96,918
45,283
90,921
26,569
88,167
81,127
79,948
72,734
20,840
21,458
19,908
Deposit
Advance
2011 2012 2013 2015 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
Deposit Loans & Advances Operational Profit

(2011-2015) (2011-2015) (2011-2015)
104,855
4,187
112,722
90,921
105,704
88,167
79,948
96,918
98,229
3,958
72,734
81,127
3,866
3,747
3,699
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
Paid-up capital Statutory Reserve Shareholders Equity

(2011-2015) (2011-2015) (2011-2015)
15,655
5,224
14,249
8,832
13,270
4,784
8,029
12,136
7,647
4,283
11,331
6,952
3,818
5,942
3,269
2011 2012 2013 2015 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
Total Capital Tier-1 Capital
Dividend per Share (2011-2015) (2011-2015)
16,594

15,127
15,232
13,987
12,778
13,865
11,825
12,819
2.70
11,666
10,701
1.28
1.10
1.00
1.00
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
Page
61
Tier-2 Capital Capital Adequacy Ratio % of Return on Assets
(2011-2015) (2011-2015) (2011-2015)
Figure (in Million) 16
2.12
1,362
14
13.42 13.52
1,262
1,168
12 11.87
11.26 11.47
1,124
1,112
10
1.14
1.16
0.97
8
0.91
6
0
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
% of Return on Investment % of Return on Shareholders Equity Earnings per Share

(2011-2015) (2011-2015) (2011-2015)
18.98
13.99
3.70
11.81
10.93
9.12
8.96
11.50
2.06
11.25
9.05
1.70
11.04
1.54
1.49
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
Net Asset Value Per Share

Price Earnings Ratio Market Value Per Share (2011-2015)
(2011-2015) (2011-2015)
19.50
Figure (in Million)
8.80
8.73
8.21
17.72
17.46
17.34
30.40
16.13
6.59
18.20
5.89
13.10
11.20
9.10
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
Interest Earnings Assets Non-interest Earnings Assets

NPL Ratio (2011-2015) (2011-2015)
125,330

22,937
7.49
112,052
112,222
7.18
108,688
21,040
94,314
5.56
5.51
15,355
13,789
2.68
9,197
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
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62
Profit before tax Net Profit after tax Interest Income
(2011-2015) (2011-2015) (2011-2015)
12,194
12,020
11,669
11,146
3,630
9,669
1,946
2,743
2,500
2,327
2,203
1,501
1,434
1,364
1,138
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
Non-Interest Income Number of Foreign Correspondents Number of Branches

(2011-2015) (2011-2015) 2011-2015)
Figure (in Million)
4,254
4,034
3,938
3,942
3,884
110
105 104
103
460 100 101
449
440 95
434 93
420 420 90
405 87
400 396 85
380 80
360 75
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
Number of Employees Market Value Per Share (in BDT) & Operational Profit & Net Profit
(2011-2015) PE Ratio (in Times) (2011-2015)
Figure (in Million)
(2011-2015)
4,187
3,958
3,866
3,699
3,747
2500
2277 2296
2192
2000
Market Price
30.40
1811 Operational Profit

1716
1,946
1500 PE Ratio Net Profit

1,501
18.20
1,434
1,364
13.10
1,138
11.20
1000
9.10
8.21
8.73
8.80
6.59
5.89
500
0
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
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63
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
Dear Honble Shareholders, quarter was followed by a drop in activity in the second
Assalamu Alaikum, quarter. Over the first half of the year, consumption fell short
of expectations and so did net exports. Exports declined
On behalf of the Board of Directors of NCC Bank Limited, It is a substantially in the second quarter.
great pleasure to welcome you all to the 31st Annual General
Meeting of the Bank. Taking this opportunity, I am happy to Growth in China was broadly in line with previous forecasts.
present you the Annual Report 2015 along with the Directors Investment growth slowed compared with last year and
Report and the Auditors Report together with the Audited imports reduced, but rate of growth of consumption
Financial Statements of the company for the year ended on remained steady. While exports were also weaker than
31st December, 2015 for consideration, approval, and expected, they declined less than imports, and net exports
adoption by our valued Shareholders. However, before going contributed positively to growth. Equity prices have dropped
into an elaborate discussion, it would be helpful reviewing the sharply since that of July after a one-year bull run. While the
economic scenario of the year both in global and local authorities intervened to restore orderly market conditions,
context to understand the back ground of our operational market volatility remained elevated through August.
efforts.
Global industrial production remained weak through 2014,
Global Economy: consistent with the uneven strength in demand across major
economies and groups of countries, and slowed markedly over
During the first half of the year 2015 growth in advanced
the course of the first half of 2015, reflecting some building of
countries remained modest. In most of the emerging markets,
inventories in late 2014 and early 2015 but also lower
external conditions are taking more difficult turn. Financial
investment growth. World trade volumes also slowed in the
market volatility rose sharply during the summer, with
first half of 2015. Weak investment worldwide, particularly in
declining oil and commodity prices and downward pressure
mining, as well as the trade spillovers of Chinas growth
on many emerging markets. Capital inflows have slowed, and
transition, has likely contributed to this slowing. Measuring the
the liftoff of U.S. policy rates from the zero lower bound is
extent of the trade slowdown in the current context of large
likely to create some further obstacles on external financial
commodity price and exchange rate changes is challenging,
conditions. While the growth slowdown in China is so far
however, and depends on the underlying measure.
broadly in line with forecasts, its cross-border impacts appear
larger than previously predicted. This is reflected in
Bangladesh Economy
weakening commodity prices specially those for metals, and
weak exports to China.
Economic performance
Preliminary data shows that global growth in the first half of Despite political agitation in early 2015 that adversely
2015 was 2.9 percent which was about 0.3 percentage point affected transport services, exports, and private investment,
lower than predicted in April of the year. Growth was below growth in Bangladesh sustained well due to brisk domestic
forecast for both advanced countries and emerging markets. demand, fueled by higher worker remittances, private sector
wages, and public investment. Inflation moderated in FY2015
Despite a strong second quarter, growth in the United States much as forecast in ADO 2015 from 7.4% a year earlier,
was weaker than expected,. This reflected setbacks to activity reflecting large public stocks of food grains, normal weather, a
in the first quarter, due to mainly harsh winter weather and supportive monetary policy, and lower global food and
port closures, as well as much lower capital spending in the oil commodity prices that a steady exchange rate allowed to pass
sector. In spite of weaker growth, the unemployment rate through. Export growth was 3.3% in FY2015, down
declined to 5.1 per-cent at the end of August which was 0.4 significantly from 12.1% in FY2014. Garmentscontributing
percentage point below its February level and 1 percentage about 80% of total exportsgrew slowly by 4.1%, reflecting
point below the level a year ago. Lower capital expenditures in disruption in supply chains due to political unrest in early
the oil sector were also one of main reasons behind the 2015, soft demand from the European Union and the US, and
slowdown in Canada, where economic activities reduced a marked decline in prices for cotton, a major input cost that
modestly during the first half of 2015. can affect pricing. Imports rose by 11.2%, accelerating from
8.9% growth in FY2014. Imports of food grains, machinery,
In the euro area, the recovery was broadly in line with the April fertilizer, and industrial raw materials in large volume helped
forecast, with stronger-than-expected growth beyond in this regard. As exports grew significantly more slowly than
expectation in Italy and especially in Ireland and Spain imports, the trade deficit widened markedly. In spite of a
(sustained by recovering domestic demand) offsetting strong recovery in remittances, the current account recorded
weaker than expected growth in Germany . a small deficit slightly higher than the ADO 2015 forecast.
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Economic prospects Credit
The GDP growth forecast for FY2016 is revised somewhat
higher still with the expectation that exports will grow with The Bank has a well defined Credit Policy prepared in line with
continued economic recovery in the US and the euro area, the guidelines and instructions issued by Bangladesh Bank
strong expansion in remittances will boost consumption from time to time. The Board of Directors of the Bank as part of
demand, private and public investment will pick up as the its policy formulation activities reviews this policy on regular
business climate improves under an apparent stable political intervals to identify the sectors deserve attention taking into
situation, and spending will increase under the annual consideration the prevailing business scenario and on that
development program. basis bring necessary changes for accommodating these to
ensure that credit facilities extended to the right places to
Average inflation in FY2016, predicted by ADB matches the safeguard peoples money deposited with us and uphold their
Central Banks monetary policy statement. Although higher trust as well. We always endeavor to diversify our investments
public sector wages and upward adjustments to administered and as such, look for promising new sectors of investments for
prices for natural gas and electricity from 1 September 2015 achieving good result. In 2015, total outstanding Loans and
will exert inflationary pressure, the easing of supply Advance were Tk.104854.73 million. Credit Deposit Ratio
constraints, a cautious monetary policy, and a better crop (CDR) was 83.57% in 2015.
outlook should keep inflation in check. Export growth in
FY2016 is projected to improve to 6.0% as economic growth Credit Administration:
in the euro area and the US strengthens. Imports are Credit Administration Division (CAD) at Head Office is
projected to increase by 13.0%, mainly for capital goods, engaged in ensuring close control on both pre and post
industrial raw materials, and food grains. Despite the disbursement supervision and effective monitoring, The
expansion in remittances, the larger trade deficit will likely Division has been authorized to withhold disbursement of
mean a current account deficit narrower than in FY2015 but any sanctioned loan due to non compliance of the terms and
failing to achieve the small surplus projected in ADO 2015. conditions as stipulated in the sanction advice as well as
Performance of the Bank inspect authenticity of documentation on site and actual
value of collateral securities offered. Recognizing the
During the year ended on 31.12.2015, performance of the importance of the job, it has been ensured to assign people
Bank was satisfactory in terms of Operational Profit, Deposits with adequate skills, experience and knowledge to discharge
and Loans and Advances, etc. Total Deposits, Loans and this important task prudently. So far, It has been possible to
Advances and operating Profit at the end of the year stood at regularize a good number of large loans in terms of
Tk.1,12,722.21 , Tk.10,4854.73 & Tk.3866.26 million respectively. documentation, securitization, etc which helped strengthen
Capital and Statutory Reserve asset quality. The Division also identifies slow moving cases to
give early alert so that Banks Recovery Division can initiate
The Authorized Capital of the Bank stood at Tk.10,000 million proper actions to safe guard the Banks fund from becoming
as on 31.12.2015 and Paid up Capital was Tk.8832.18 million stuck up/non performing.
Statutory Reserve was Tk.5,222.71 million as on date.
Foreign Exchange Business:
Deposits :
Banks Foreign Exchange business is one of main sources of
At the end of the year under review, Deposits of the Bank its income, which contributes remarkably to the profit.
stood at Tk.1,12,722.21 million recording 6.64 % increase over Naturally, it gets due care round the year. By assigning right
the previous years figure of Tk.1,05,703.61 million. Deposit people to run the operation, this has been ensured. Adequate
mix is shown in the chart appended below: 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
Deposit Exports and Imports business to the tune of Tk.1,7137.57
(2011-2015) million and Tk.49,995.21. million respectively. The number of
Figure (in Million)
Banks Authorized Dealer (AD) branches were 22 in 2015. In
112,722
order to streamline this area of business Banks Import

105,704
96,918
98,229
business has been brought under a single processing

81,127
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
2011 2012 2013 2014 2015 Bank has been maintaining 26 Nostro Accounts in all major
currencies of the World.
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65
Financial Institution Department (FID) at International credit and Application Programming Interfacing (API) for
Division has made correspondent banking arrangements instant account credit will be introduced in 2016, which will
with a good number of reputed International Banks of the take the service level to new heights.
World for facilitating LC advising and confirmations, issuance
of Payment Instruction, Fund transfer and other banking Continuous and significant growth in foreign remittance has
operations more easier for the clients.. been witnessed till 2014. But after that due to some internal
and external factors as well as decline in global remittances
Remittance Business: and marginal growth of countrys remittance the volume of
A major driver in our national economic development foreign foreign remittance declined by 20% in the last year. NCC Bank
remittance has now become one of the main sources of could fetch USD 194.09 million as inward foreign remittance
banks fund, import financing as well as good sources of in 2015. We are taking all possible measures to increase the
exchange & commission earnings. With around 8.5 million inflow of remittance in 2016 and have already signed
Bangladeshi nationals living and working in 155 countries, agreement with reputed company Merchantrade Asia in
Bangladesh has secured its place amongst the top 10 Malaysia. Negotiations are underway with Prabhu Money,
remittance receiving countries in the World. Foreign Exchange USA, Al Ansari Exchange and Al Fardan Exchange in UAE, Al
Reserve is being boosted up due to the contribution from this Mirqab Exchange in Qatar, NEC Money Transfer, UK, BFC in
sector. Expatriate Bangladeshis are contributing to the Bahrain, Modern Exchange in Oman, BEC in Kuwait, SBX in
economic development of the country by sending their hard Australia and Bangladeshi Money Exchange in Canada. We
earned money and also ensuring macro-economic stability. sincerely hope to secure more market share in the sector to
ensure sustainable growth of remittance in the coming years.
NCC Bank Ltd put much emphasis on its foreign inward
remittance since long aiming at serving the increasing needs Card Business:
of the Non-Resident Bangladeshis (NRBs) and provide quality With a view to embracing advanced technology as well as
remittance services to the beneficiaries. The Bank has satisfying customers demand, NCC Bank launched Card
established remittance arrangements with reputed global service back in 2005. NCCB Cards have gained much
MTOs having network all over the World. We are the first popularity due to use of state of the art card management
super-agent in Bangladesh of 3 worlds renowned MTOs system. The ever changing demand of the customers are met
namely MoneyGram International, International Money efficiently through this sophisticated financial tool ensuring
Express (IME) and X-Press Money which is a clear recognition customer satisfaction. NCCB Card Division maintains
of our efforts in this sector. Recently we have received relationship with a good number of prominent corporate
approval from MoneyGram to appoint 3 more sub-agent houses enabling the customers availing discount facilities
banks which will hopefully increase the volume of business in from them. Now NCCB Card is considered as a symbol of
2016. Beside, we offer innovative products for NRBs and elegance, luxury and convenience.
playing expected role in strengthening national economy by Paying due attention to create the benefits as desired by the
channeling inward remittance through formal Banking customers NCCB offers a wide range of card products, such as:
system. It is also creating large client base for generating low
& no cost fund for the bank. There are some special deposits Multi-Currency Cards:
and loan schemes also for the expatriates like Special Term Visa Platinum Card
deposit, Real Estate Loan for purchasing land and housing, Visa Dual Gold Credit Card
Advance against remittance, Rehabilitation business loan, etc. Visa Virtual Card (Pre-paid card)
Currently we have our own representative in UAE, Oman. and
have plan to appoint more marketing & sales support staffs in Local Currency Cards:
KSA, Malaysia, Qatar, Bahrain, Kuwait and other potential Visa Local Gold Credit Card
countries in 2016. Visa Local Classic Credit Card
NCC Bank always committed to deliver hard earned Visa Local Gold Debit Card
remittance of the expatriates at the doorsteps of the Proprietary Debit Card
beneficiaries in all possible ways. The total remittance Visa Credit cards of the Bank are accepted in all Visa branded
distribution networks currently consists of 1600 out-lets merchant outlets round the World. In addition, instant cash
including reputed NGO TMSS and specialized Bank AVUB and withdrawal facility through branch POS, auto debit payment
other Sub-agent banks. It has designed automated instruction, balance transfer facilities, reward program,
Remittance Management System (RMS) to facilitate prompt discount facility at prestigious merchant outlets, installment
and secured service to the beneficiaries. BEFTN system facility with zero interest, instant SMS alert service for all
introduced by Bangladesh Bank helps us to credit any third transactions, 24 x 7 support service, E-Statement Service, etc
banks payment anywhere in Bangladesh next working day. are also on the shelf. Free accessibility and fast transaction
The Real Time Gross Settlement (RTGS) for same day account approval process have enhanced the image of NCC Visa card
in the industry .
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New Products: Free Balaka Lounge Service at Hazrat Shahjalal
International Airport
Platinum Chip Card:
Now a days everybody likes to be served differently and
NCC Card is going to launch a very attractive new product
exclusively. In recent days access to VIP lounge especially at
called Visa Platinum Card with EMV chip technology soon. This
the airport has been considered as a symbol of prestige and
product is designed to serve the sophisticated clients with
dignity for Credit Card holders. We are delighted to inform
wide range of benefits and client services for giving them the
that we have finalized the agreement with Intercontinental
feeling of being part of the elite of the society.
Dhaka, (Former Ruposhi Bangla) to allow our International
Credit Card holders to use Balaka VIP lounge with associated
Adopting EMV Technology:
facilities at Hazrat Shahjalal International Airport, Dhaka
We have adopted the latest Payment Card Industry (PCI)
Mentionable that our international credit cardholders will
technology known as EMV which is the most secured card
enjoy this facilities free of cost.
issuing technology. It is a technical standard for smart
payment cards and for payment terminals and Automated The prospect of NCC Bank card is bright and it will continue its
Teller Machines (ATM) that can accept them. EMV cards are endeavors to uphold the image of the Bank in the market in future.
smart cards (also called chip) which store data on integrated
circuits rather than magnetic stripes. Our all existing cards will Treasury:
be converted to EMV chip card within 2016. NCC Bank Treasury is an integrated division having all sorts of
modern up-to-date facilities as well as skilled manpower with
Priority Pass Services : adequate knowledge and experiences in the respective fields
With the introduction of EMV Platinum Chip card for our high of operation. In line with global standard our Dealing Room
value clients, we are going to provide Priority Pass Services to has all modern facilities, i.e. Reuters, on-line dealing system,
our Platinum Cardholders. Priority Pass Service is a value dedicated internet connectivity, voice recorder, Financial TV
added service which will allow our platinum cardholders and Channel, entry restricted door, etc.
their guests to use airport lounges around the world at a As on 31.12.2015 Banks total investment was BDT 19,629.28
reasonable cost. It is easy to use and our cardholders can have million, which was 26.12% lower than the previous years
access over 700 lounges in the list whenever they travel. figure of BDT 26,571.76 million. In spite of this the Division has
1. Regardless of airline flown earned a handsome amount of profit in the year 2015 through
2. Regardless of class of travel its various initiatives. Besides these, being a Primary Dealer of
3. Regardless of membership to airline frequent flyer Govt. Approved Securities, the Bank operates in the Money
schemes and Market effectively.
4. No need to pre-book
The main function of Treasury Division of any financial
24 x 7 Call Centre Service institutions i.e. Banks is focused on efficient and prudent fund
Good customer care enhances satisfaction of the clients and management taking into cognizance all inherent risks. To
the profitability of the organization. It is one of the essential cope up with the countrys monetary as well as fiscal policies
ways that allows maintaining better relationship and all concentration of Treasury Division is driven to manage
interaction with the existing as well as the prospective overall liquidity of the Bank by ensuring profit maximization
customers. In order to serve our cardholders more efficiently and fulfilling regulatory requirements such as CRR, SLR,
and effectively, we are going to setup a Call Centre shortly. The Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio
project is now under implementation stage and it is expected (NSFR) & Net Open Position (NOP).
to be completed within April 2016. In this connection, we have
already obtained short code 16315 from BTRC. It will act as As an active member of BAFEDA, PDBL and BAMDA our
dialing code for our debit and credit card services. Treasury is actively participating in the inter-bank foreign
exchange as well as money market activities to create scope
3D Secure System for e-commerce Transactions: for short term and long term investment.
NCC Card has introduced Visa 3D Secure System also known as
Two Factor Authentication (2FA) system to ensure 100% risk free The Division plays significant role in the profit generation of
online/internet transactions to the cardholders by imposing an the Bank by managing fund both in local and foreign
additional level of security process for card authentication. It currency. NCCBL Treasury has four specified desks along with
will protect our customers from ever increasing risk of cyber Off-shore Banking Unit related to managing fund and
crime and reduce fraud/ loses for both the bank and customers. mitigating the liquidity risks, such as :-
In this system an additional One Time Password (OTP) will be
Foreign Exchange Desk:
used for each transaction to validate the online purchase, which
Foreign Exchange desk of NCCBL Treasury plays important
will be sent to the cardholders registered mobile and email
role in meeting up funding requirement of the customers,
addresses for immediate intimation.
managing export proceeds and procuring remittance by
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67
offering most competitive rate to the Money Transfer Human Resources Management
Organizations (MTOs). Besides, the desk deals with different It is no denying the fact that a skilled and motivated work
foreign exchange derivatives namely USD/BDT spot, Swaps, force is vital for balanced and sustainable growth of any
forward transactions in inter-bank markets and cross currency financial institutions like Banks. Such a team would work with
dealings (Need based transactions) with foreign counterparts zeal and vigor to achieve organizational goals both in short
abroad. and long run. But developing skill level requires proper need
based updated training on banking issues related to
Money Market Desk: economic activities. Such trainings must be designed on
The Money Market desk of the Division regularly participates in Industry best practices to make them effective. The authority
of the Bank possesses the required means to ensure this. In
the inter-bank market and deals with all types of existing money
the backdrop of rapid changes in the sector Training Institute
market products, i.e. Call money, Term Placement and borrowing, of the Bank is regularly arranging different training
Repo, Reverse Repo, Assured Liquidity Support, Special Repo, etc. programmes, workshops, seminars, etc round the year to cope
with the Central Bank and inter-bank mostly on overnight basis. with the challenges of the day. Other motivational steps such
Besides, USD/BDT Swap is considered as a very popular money as rewarding for extra ordinary performance through
market derivative and the desk actively participates in Swap monetary and other means are also being taken to this effect.
transactions in order to manage liquidity position. Banks Training Institute has arranged a total no. 58 training
Asset Liability Management Desk: programmes, workshops, etc. on related issues in 2015 where
2243 no of executives/officers took part to acquire updated
The main functions of AssetLiability Management
knowledge of banking to prepare themselves to face the
Committee are concentrated on setting up and execution of challenge of the day. Besides, 341 executives and officers were
all types of strategies related to effective Asset- Liability sent to institutions like BIBM, BBTA for training during the period.
Management by monitoring various balance sheet gaps
Total no of Executives and officers of the Bank as on
considering risk limit. It takes various decisions regarding 31.12.2015 was 1945 against 1901 of 2014.
interest rate structure of deposits, loan pricing, credit deposit
ratio, contingency funding plan, Structural Liquidity Profile, Network of Branches
Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio Within span of a few years Bangladesh Bank has introduced
(NSFR) and Transfer Pricing mechanism for internal funding various technology based systems to establish uniformity
among the Banks as part of its modernization initiatives as
and investment.
well to bring majority of the people of the remote areas of the
Primary Dealer (PD) operation and Fixed Income Desk: country under the purview of formal banking activities. This,
As a member of Primary Dealer of Government Securities the coupled with increased per capita income has opened up a
Treasury has to participate in all types of Primary Auctions of great opportunity for the Banks to expand Branch network.
Taking this opportunity, we have taken steps to open more
Government approved securities on behalf of NCCBL.
branches and to relocate a few to be able to cover even more
Bangladesh Bank has taken different steps to make the potential customers in near future. We are also bringing
secondary markets of Government Treasury Bills/Bonds a changes in a number of Branches through renovation for
vibrant one. But the demand for Treasury Bonds in capital improvement of internal environments and better customer
market was almost dull due to want of promotional activities experience. In 2015, our number of branches reached 104. We
in this regard. In spite of difficulties NCCBL Treasury has hope to open at least 4 branches in 2016 in potential areas
continuously been trying to develop the bond market through having business potentials. Prior to final decision, necessary
trading of Treasury Bills and Bonds in the secondary market. survey will be conducted to ensure viability.
Dividend:
Off-Shore Banking Unit:
After obtaining permission from Bangladesh Bank in 2010, Our every effort is aimed at paying good dividend to our
the Bank has started OBU operation at its 02 (Two) Branches in valued Shareholders. The same is held good for this year also
small scale in 2013. In 2015 the volume of funding and in the light of the appropriation of operational profit, the
commitment to OBU was enhanced through 01(one) Branch Board of Directors of the Bank has been pleased to recommend
i.e. our Foreign Exchange Branch. During the year 2015 12.75% cash dividend to the Shareholders in the ensuing
different AD Branches of the Bank have discounted 277 no. of Annual General Meeting, subject to approval of the
bills at our Off-Shore Banking Unit (OBU).The funding through shareholders.
our OBU at the year end-2015 was USD 30.64 million which Managing Core Risks in Bank
has been arranged from our own source as well as borrowing Managing various risks in the Banking operations properly
from some local and foreign Banks. Recently to intensify OBU and prudently is very essential for safeguarding interest of the
operation the Unit has been shifted at the NCC Bank Bhaban stakeholders. Recognizing this like previous years due
under direct supervision of Treasury. This would facilitate importance and care have been given in this regard during
further improvement of the Units function. the year 2015 also towards compliance of Bangladesh Banks
Operational Result guidelines and also requirements of different Regulatory
As on 31st December, 2015 Banks Operating Profit was Tk. Bodies. Accordingly, different Committees and Departments
3866.26 million as against Tk. 3746 million of preceding year.
Return on Assets (ROA) was 1.16 %.
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of the Head Office were engaged in specific tasks for implementation of various decisions taken in its regular
managing the associated operational risks to be compliant meetings to ensure functioning of various operational and
with the rules & regulations of various regulatory bodies like supporting units of the Bank. The Board of Directors of the
Bangladesh Bank, Securities and Exchange Commission, etc. Bank met for 25 times during the year 2015.
B)Executive Committee : The Board has reconstituted its
Audit and Inspection
Executive Committee to make the same a functioning one.
As part of regular activities Audit and Inspection Unit of Banks The reconstituted Executive Committee met 06 times in 2015
Internal Control and Compliance (ICC) Division conducts and took some important decisions to facilitate Board
routine audit of Branches and Divisions/Departments of Head decision making process.
Office for ensuring proper effective and adequate internal
(ii)Audit Committee: The Audit Committee after reviewing
control over the affairs of the Bank. The Division places report of
the Unit to the Audit Committee of the Board as part of both internal and external audit reports placed before them
regulatory requirements, which examine the same in its instructs the Management to take action ensuring true
meeting and guide the Management in taking corrective and reflection of the companys financial state in the periodical
punitive actions, if required. It is encouraging that with the disclosures to help the Board in formulating befitting policies.
active initiatives of the Audit Committee recently most audit The Committee also thoroughly analyses and scrutinizes the
objections could be reduced to a satisfactory level. There is also performance of the Statutory Auditors, Financial Statements
a Special Vigilance Officer in the MD & CEO Secretariat (quarterly as well as annually), Annual Budget, etc as part of its
entrusted with the special job of inspecting urgent issues and duty. In 2015, the Audit Committee of the Board met for 19 times.
reports his findings to the Chief Executive Officer of the Bank
directly. (iii)Risk Management Committee: This is another Statutory
Information Technology Committee endeavors to identify present and future risks in
Now a days the IT has taken the place of main driving force in the operations of the Bank and advising the Management
the Banking Operations. Accordingly, a skilled and able team is towards mitigate the same to save the Bank from any
entrusted with the vital duty of running the Information untoward incident. The Committee held 04 meetings during
Technology Division of the Bank deserving special attention, the year 2015.
which is engaged in designing required softwares in house to B. Financial Management:
meet urgent requirements of various operational units of the
Bank. Its Hardware unit is always ready to troubleshooting at Documents like Annual Budget and all statutory financial
any corner of the country. Due to adequate and timely action disclosures of the Bank are prepared with the approval of the
of the Division, Banks Core Banking System and other online Board of Directors which monitors/evaluates issues like Banks
products could be run very smoothly through out the year. It liquidity, Income, Expenses, Non-Performing Loan (NPL), Provisions
is now possible for us to provide SMS Banking, Internet and measures taken to recover stuck up Loans and Advances.
Banking, etc to the customers making banking more easier
than ever. IT audit Unit of the Division is also active in C. Management Structure:
monitoring online activities to detect any suspicious
transaction in the system before hand to check fraud and forgery . The Managing Director and Chief Executive Officer of the
Bank heads the Management Team consisting of senior
Customer Services and Complaint Management
members which runs its affairs and decides action to ensure
The Bank has a Customer Services and Complaint
profitability in line with the policies/guidelines of the Central
Management Cell created in line with the guidelines of
Bangladesh Bank. Under the Cell, Zonal and Branch level Bank and Board of Directors of the Bank. There are few
Desks are also created to ensure customers services through Committees to assist the Management towards achieving its
satisfying query and handling complaint lodged through main objectives considering practical factors.
Bangladesh Bank and directly to the Cell.
Corporate Governance (i) Management Committee (MANCOM): This is the
Ensuring Corporate Governance is a pre-condition for highest policy and decision making body of the Bank in
establishing accountability and transparency in the affairs of Management level headed by the Managing Director
various spheres of any organizations like Banks that deal with and CEO. The Senior members of Management, mainly
public money or interest. In order to ensure this adequate divisional heads are its members. The Committee sits
measures have been taken through proper utilization of regularly and takes decision on issues concerning
available resources and implementing day to day decision in running the Bank and ensure proper implementation of
accordance with the directions of the Regulatory Bodies like these decisions.
Central Bank, Securities and Exchange Commission. (ii) Asset Liability Management Committee (ALCO) : The
Asset Liability Management Committee (ALCO) meets
A) Board Structure: The 14 members Board of Directors of
on monthly basis for taking decisions primarily on issues
the Bank formulates and monitors guidelines/policy to run
the whole affairs of the Bank. Three sub-Committees of the relating to Banks Assets and Liquidity position. It also
Board, namely Executive Committee, Audit Committee and fixes price of Assets and Liability products of the Bank in
Risk Management Committee of the Board co-operate and line with the market situation keeping an eye to
help the Board to discharge its responsibility and ensure enhance profitability.
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(iii) Head Office Credit Committee (HOCC) : Headed by the the Bank, through the Foundation, has introduced a stipend
Additional Managing Director, HOCC examines, giving programme for meritorious but destitute students of
evaluates the business proposals sent by the Branches in various corners of the country who passed SSC and HSC
accordance with policy guidelines, business Examinations securing GPA 5.00. The Bank has a plan to
performance of the Clients, market situation, etc. and undertake projects to supplement programmes undertaken
takes decision regarding approving/declining of the by the government towards development of the society in
same for ensuring good investment and places its near future as follows :
recommendations to the MD and CEO for further action.
(i) Financial and Social Inclusion : Under an inclusive
(iv) Taskforce for Recovery of Classified Loans: The Task approach Banks direct expenditure in CSR has been
Force under the Managing Director and CEO reviews aimed at social and financial inclusion of under
slow moving and classified Loans and Advances of the privileged and un-banked segment of the population.
Bank for taking measures to recover the same to
improve Banks financial health.
(ii) Agriculture Credit : In response to the ambitious plan
of Bangladesh Bank to revitalize the agriculture sector of
(v) CRM Monitoring Cell : A monitoring Cell has recently the country, the Bank has extended credit to agri and
been opened at CRM Division for monitoring the loans agro based sectors in the last year also. The size of loan
and advances cases starting from its booking to
to this sector in 2015 was Tk.2034.55 million.
sanction so that the same are well conducted from
disbursement till recovery. The Cell is engaged in
developing a strong Management Information System (iii) Women Entrepreneurs : To honor the Bangladesh Bank
(MIS) for providing updated information towards directives, the Bank has established separate desks both
effective monitoring of credit portfolios for ensuring at Branch and Head Office to process proposals
asset quality and reducing the NPL position of the Bank. submitted by the women entrepreneurs and thereby
The Cell is working to develop suitable software for implementing its policy to empower women folks of the
updating data warehouse, which will be interfaced with country which consists 50% of total population. A
the Banks Core Banking Software. After completion of product in the name and style of NCCBL
this project, the Management will be in a position to NARISHABOLOMBI introduced with easy terms and
identify the loans and advance status of the branches interest rate in this connection receiving encouraging
well ahead of those becoming NPL and to take
response from the entrepreneurs In 2015, the Bank could
necessary measures.
extend an amount of Tk.29.00 million to 34 individuals.
D. Code of Ethics/Policy of Business Conduct :
The HR Management Policy of the Bank as approved by the (iv) Day Care for children of the employees of the Bank:
Board of Directors governs the affairs of the employees to Bangladesh Bank directives and ILO declaration on the
ensure proper discipline and ignite motivation among them policy titled ABC of Womens Rights and Gender
to work in a concerted style towards achieving organizational Equality put great emphasis on taking proper care to the
goals. Further, there is a Code of Conduct also for settling any children of officer/staff irrespective of gender, free of
conflict of the interest arising in discharging duty by any cost or at charges affordable for them. Countrys
employee. Other policies required to ensure transparency talented youth are much aware about their future and as
are in place, or their preparation is underway. such now opting for Banking as their career. To retain
E. Internal Control System and appropriate Accounting them in the long run, proper care for their children
Policy: should be ensured. To this end, a Day Care Centre has
A system has been established for ensuring proper internal been set up at al Amin Center, Dilkusha C/A in
control and its efficiency is being observed through regular collaboration with same other Banks. The Officers of the
review. Monitoring of internal control and compliance has also Bank can now leave their children at the Centre paying a
been ensured. Appropriate accounting policies are applied in nominal monthly charge.
preparing financial disclosures as prescribed in the the
International Accounting Standards (IAS), where applicable. (v) Hospital and Old Home : Depending on availability of
required land we are contemplating to establish a
Corporate Social Responsibility: The Bank always puts due hospital and an old home for senior citizens of the
emphasis on its CSR activities considering its obligations to country who have no place to go at their final stage of
the society. Through the NCC Bank Foundation, a non profit life. These establishments will have all modern facilities
body established by the Board of Directors of the Bank, CSR at an affordable cost.
activities have been carried out for some years in various
sectors since its inception. A considerable amount has Transport Management : The vehicles of the Bank are used
already been spent in sectors like education, health, as per approved Transport Policy prepared according to
infrastructure development, social advancement, etc. In 2012, Bangladesh Bank guidelines. As per Policy, the number of
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70
vehicles are consistent with the size of employees and branch As recommended by the Audit Committee of the Board, the
network and its growth is restricted within the limit of 10% Board of Directors of the Bank has recommended to re-appoint
annually as evident from the notes attached with the M/S. ACNABIN, Chartered Accountants as Statutory Auditors of
Financial Statement SL36.1 of the Annual Report-2015 under the Bank for auditing the financial statements of the Bank for
the sub-head Car Expenses which shows total expenses as the year 2016. subject to approval by the honble Shareholders
Tk.4,83,77,563/- as on 31.12.2015 against the amount of in the Banks ensuing 31st Annual General Meeting.
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 Future lookout
Bangladesh Bank have been noted and being complied with We cherish to steer our beloved Bank to such a prestigious
accordingly. 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
National Integrity Strategy: The National Integrity Policy already accommodated our Corporate Head Office at our own
announced by the Government is aimed at establishing good 22 storied NCC Bank Bhaban at the heart of the city and
governance in all spheres of the society as a whole. To this end, initiated re-branding efforts a year back. Both these event are
NCC Bank has also constituted a Committee on National playing as source of inspiration for all of us. Using this as
Integrity Strategy to create awareness among its workforce. In leverage we plan to go ahead with specific Road Map for next
all applicable training courses, the policy and its few years. We could expand our Branch network to increase
implementation strategy are discussed to make it familiar for our areas of operations. New products recognizing the ever
compliance. changing needs of the people will be introduced in our Product
ranges. Moving forward in next few years, effort are underway
Meetings of the Board of Directors and its Committees: to strengthen Asset quality by securing quality business
During the year 2015 the Board of Directors met 25 times. On backed by strong collateral securities and recovering old NPLs
the other hand Executive Committee, Audit Committee and as well as streamlining operational performance and cost
Risk Management Committee of the Board held 6, 19, 4 cutting. These steps will be invigorated further in the comings
meetings during the period respectively. days. It is our firm belief that in near future the Bank will emerge
as an organization of which we dreamt.
Directors : In accordance with the provisions of the Articles of
Association of the Bank and relevant Rules/Circulars/Notifications Conclusion :
of Regulatory Bodies in force and relevant clauses of The members of the Board of Directors of the Bank take the
Companies Act,1994, the following 03(three) Directors from opportunity to record their sincere heartfelt thanks and
Sponsors Group and one Director from the Group of General gratitude to the Government of the Peoples Republic of
Public Shareholders shall retire in the Banks ensuing 31st AGM, Bangladesh, Bangladesh Bank, Bangladesh Securities and
by rotation and all of them are eligible for re-election as Exchange Commission, Stock Exchanges in Dhaka and
Directors of the Bank in the said AGM. Chittagong, different Government Agencies, Regulatory Bodies,
Shareholders, Patrons, Valued Clients, Well-wishers and other
From Group A i.e. Sponsor Shareholders : Stakeholders for their continued support, guidance and
co-operation. The Board of Directors also places its thanks to
(i) Mrs. Sohela Hossain the Management Team and employees of the Bank for their
(ii) Mr. Yakub Ali dedicated services for the continuous growth of the Bank.
(iii) Mr. Md. Abul Basher
From Group- C i.e. General Public Shareholders On behalf of the Board of Directors
(i) Mr. Khairul Alam Chaklader
Statutory Auditors :
S.M. Abu Mohsin
M/S. ACNABIN, Chartered Accountants was for the first time Chairman
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.
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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)
Compliance Status as on 31 December 2015
Condition Title (Put in the appropriate column) Remarks
No. (if any)
Complied Not Complied
1.0 Board of Directors
1.1 Boards size shall not be less than 5 and more than 20
1.2 Independent Director
1.2 (i) Independent director: At least 1/5th of the total number of directors As per Bank

Company Act
1.2 (ii) a) Independent director does not hold any share or holds less than one
percent (1%) shares of total paid up capital.
1.2 (ii) b) 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.
1.2 (ii) c) Independent director does not have any other relationship, whether
pecuniary or otherwise, with the company or its
subsidiary/associated companies.
1.2 (ii) d) Independent directors are not the members, directors or officers of

any stock exchange.
1.2 (ii) e) Independent director is not the shareholder, director or officers of any

member of Stock Exchange or an intermediary of the capital market.
1.2 (ii) f) Independent director is/was not the partners or executives during
preceding 3 (three) years of concerned companys statutory audit firm.
1.2 (ii) g) Independent directors is not the independent director in more than 3

(three) listed companies.
1.2 (ii) h) 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).
1.2 (ii) i) Independent director has not been convicted for a criminal offence

involving moral turpitude.
1.2 (iii) The independent director shall be appointed by the Board of Directors

and approved by the Shareholders in the AGM.
1.2 (iv) The post of independent directors cannot remain vacant for more than No such Event

90 days. occurred
1.2 (v) The Board shall lay down a Code of Conduct of all Board Members

and annual compliance of the Code to be recorded.
1.2 (vi) 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.
1.3 Qualification of Independent Director (ID)
1.3 (i) Independent Director shall be knowledgeable individual with integrity

who is able to ensure required compliance.
1.3 (ii) The independent director must have at least 12 (twelve) years of
corporate management/ professional experiences along with other
requisites.
1.3 (iii) In special cases above qualifications may be relaxed by the No such deviation
- occurred
Commission
1.4 The Chairman of the Board and Chief Executive Officer and their

Clearly Defined roles and responsibilities.
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73
Compliance Status as on 31 December 2015 Remarks
Condition Title (Put in the appropriate column)
No. (if any)
1.5 Directors Report to Shareholders
1.5 (i) Industry outlook and possible future developments in the industry
1.5 (ii) Segment-wise or product-wise performance.
1.5 (iii) Risks and concerns
1.5 (iv) Discussion on cost of goods sold, gross profit margin and net profit

margin
1.5 (v) Discussion on continuity of any Extra-Ordinary gain or loss. - No such event occurred
1.5 (vi) Basis for related party transaction- a statement of all related party

transactions should be disclosed in the annual report
1.5 (vii) Utilization of proceeds from public issues, right issues and/ or No such Item
-
through any others instruments. Exists
1.5 (viii) An explanation if the financial results deteriorate after the company No such event
-
goes for IPO, RPO, Rights Offer, Direct Listing etc. occurred
1.5 (ix) If significant variance occurs between quarterly financial performance
and annual financial statements the management shall explain about
the variance on their Annual Report.
1.5 (x) Remuneration to directors including independent directors.
1.5 (xi) The financial statements prepared by the management of the
company present fairly its state of affairs, the results of its operation,
cash flows and changes in equity.
1.5 (xii) Proper books of account of the company have been maintained.
1.5 (xiii) Appropriate accounting policies have been consistently applied in
preparation of the financial statements and that the accounting
estimates are based on reasonable and prudent judgment.
1.5 (xiv) International Accounting Standards (IAS)/Bangladesh Accounting
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.
1.5 (xv) The system of internal control is sound in design and has been

effectively implemented and monitored.
1.5 (xvi) There are no significant doubts upon the company's ability to

continue as a going concern.
1.5 (xvii) Significant deviations from the last years operating results of the
company shall be highlighted and the reasons thereof should be
explained.
1.5 (xviii) Key operating and financial data of at least preceding 5 (five) years

shall be summarized.
1.5 (xix) If the company has not declared dividend (cash or stock) for the year, Board of directors recommended
12.75% (Twelve point seven five
percent)Cash dividend for
the reasons thereof shall be given. the year 2015.
1.5 (xx) The number of Board meetings held during the year and attendance
by each director shall be disclosed.
1.5 (xxi) The pattern of shareholding shall be reported to disclose the aggregate number
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 No shareholder holds
-
(name wise details). more than 10% share
1.5 (xxii) In case of appointment/re-appointment of a director, the company shall

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.
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74
Condition Title (Put in the appropriate column)
Remarks
No. (if any)
1.5 (xxii) c) Names of companies in which the person also holds the directorship and the
membership of committees of the board.
2.0 Chief Financial Officer, Head of Internal Audit & Company Secretary
2.1 Appointment of CFO, Head of Internal Audit and Company Secretary and their
clearly defined roles, responsibilities and duties.
2.2 Attendance of CFO and the Company Secretary at Board of Directors meeting
3 Audit Committee:
3 (i) Audit Committee shall be the sub-committee of the Board of Directors.
3 (ii) 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.
3 (iii) The Audit Committee shall be responsible to the Board of Directors. The duties of

the Audit Committee shall be clearly set forth in writing.
3.1 Constitution of the Audit Committee
3.1 (i) The Audit Committee shall be composed of at least 3 members.
3.1 (ii) Constitution of Audit Committee with Board Members including one Independent

Director.
3.1 (iii) All members of the Audit Committee should be financially literate and at least 1
(one) member shall have accounting or related financial management experience.
3.1 (iv) Filling of Casual Vacancy in Committee - No such event occurred
3.1 (v) The Company Secretary shall act as the secretary of the Committee.
3.1 (vi) The quorum of the Audit Committee meeting shall not constitute without at least 1

independent director.
3.2 Chairman of the Audit Committee
3.2 (i) Chairman of the Audit Committee shall be an Independent Director.
3.2 (ii) Chairman of the Audit Committee shall remain present in the Annual General
Meeting (AGM).
3.3 Role of Audit Committee
3.3 (i) Oversee the financial reporting process.
3.3 (ii) Monitor choice of accounting policies and principles.
3.3 (iii) Monitor Internal Control Risk management process.
3.3 (iv) Oversee hiring and performance of external auditors.
3.3 (v) Review along with the management, the annual financial statements before
submission to the board for approval.
3.3 (vi) Review along with the management, the quarterly and half yearly Financial

Statements before submission to the Board for approval.
3.3 (vii) Review the adequacy of internal audit function.
3.3 (viii) Review statement of significant related party transactions submitted by the
management.
3.3 (ix) Review Management Letters/ Letter of Internal Control weakness issued by
statutory auditors.
3.3 (x) 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
- No such event
uses/ applications of funds by major category (capital expenditure, sales and
occurred
marketing expenses, working capital, etc.), on a quarterly basis, as a part of their
quarterly declaration of financial results.
3.4. Reporting of the Audit Committee
3.4.1 Reporting to the Board of Directors
3.4.1 (i) The Audit Committee shall report on its activities to the Board of Directors.
3.4.1 (ii) The Audit Committee shall immediately report to the Board of Directors on the

following findings, if any:
3.4.1 (ii) a) Report on conflicts of interests. - No such event occurred
3.4.1 (ii) b) Suspected or presumed fraud or irregularity or material defect in the internal

control system;
3.4.1 (ii) c) Suspected infringement of laws, including securities related laws, rules and
regulations;
3.4.1 (ii) d) Any other matter which shall be disclosed to the Board of Directors immediately.
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75
Condition Title (Put in the appropriate column) Remarks
No. (if any)
3.4.2 Reporting of anything having material financial impact to the Commission.
3.5 Reporting to the Shareholders and General Investors.
4 External/Statutory Auditors should not be engaged in:
4 (i) Appraisal or valuation services or fairness opinions.
4 (ii) Financial information systems design and implementation.
4 (iii) Book-keeping or other services related to the accounting records or

financial statements.
4 (iv) Broker-dealer services.
4 (v) Actuarial services.
4 (vi) Internal audit services.
4 (vii) Any other service that the Audit Committee determines.
4 (viii) 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.
5 Subsidiary Company
5 (i) 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.
5 (ii) 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.
5 (iii) The minutes of the Board meeting of the subsidiary company shall be
placed for review at the following Board meeting of the holding
company.
5 (iv) The Minutes of the respective Board meeting of the holding company

shall state that they have reviewed the affairs of the Subsidiary
Company also.
5 (v) The Audit Committee of the holding company shall also review the
Financial Statements, in particular the investments made by the
Subsidiary Company.
6 Duties of Chief Executive Officer (CEO) and Chief Financial Officer
(CFO):
6 (i) They have reviewed financial Statements for the year and that to the

best of their knowledge and belief:
6 (i) a) These financial statements do not contain any materially untrue
statement or omit any material fact or contain statements that might
be misleading.
6 (i) b) 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.
6 (ii) 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.
7 Reporting and Compliance of Corporate Governance:
7 (i) 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.
7(ii) 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.
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76
Statement of the Attendance of the Board of Directors during the year 2015
SL Name of the Hon'ble Directors Position Meetings held Attended No. of Absence Remarks
No.
02 (two) Leave of
1 Mr. S. M. Abu Mohsin Chairman 25 23 2 Absence Granted
01 (one) Leave of
2 Mrs. Sohela Hossain Vice Chairman 25 24 1 Absence Granted
03 (three) Leave of
3 Mr. A.S.M. Main Uddin Monem Director 25 22 3 Absence Granted
4 Mr. Md. Abdul Awal Director 25 21 4 04 (four) Leave of

Absence Granted
10 (ten) Leave of
5 Mr. Amjadul Ferdous Chowdhury Director 25 15 10 Absence Granted
03 (three) Leave
6 Mr. Abdus Salam Director 25 22 3 of Absence Granted
01 (one) Leave of
7 Mr. Yakub Ali Director 25 24 1 Absence Granted
8 Alhaj Md. Nurun Newaz Director 25 25 0 All meetings attended
03 (three) Leave of
9 Mr. Md. Abul Bashar Director 25 22 3 Absence Granted
08 (eight) Leave of
10 Mr. Md. Harunur Rashid Director 25 17 8 Absence Granted
05 (five) Leave of
11 Mr. Khairul Alam Chaklader Director 25 20 5 Absence Granted
19 (nineteen) Leave of
12 Mr. Md. Moin Uddin Director 25 6 19 Absence Granted
13 Mr. Md. Amirul Islam, FCS, FCA Independent Director 25 25 0 All meetings attended
14 Mr. K. A. M. Haroon Independent Director 25 25 0 All meetings attended
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77
The pattern of shareholding of NCC Bank Limited as on 31.12.2015 as per BSECs Notification No. BSEC/CMRRC-
D/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:
No. of (%) of Shares

SL. Name Designation
Shares as on
No.
31.12.2015
1 Mr. S.M. Abu Mohsin Chairman 17789128 2.01
2. Mrs. Sohela Hossain Vice Chairman 17715472 2.01
3. Mr. A.S.M. Mainuddin Monem Director 17669257 2.00
4. Mr. Md. Abdul Awal Director 18566625 2.10
5. Mr. Amjadul Ferdous Chowdhury Director 17680444 2.00
6. Mr. Abdus Salam Director 18557753 2.10
7. Mr. Yakub Ali Director 17666512 2.00
8. Alhaj Md. Nurun Newaz Director 18043901 2.04
9. Mr. Md. Abul Bashar Director 18568275 2.10
10. Mr. Md. Harunur Rashid Director 19616314 2.22
11. Mr. Khairul Alam Chaklader Director 44172058 5.00
12. Mr. Md. Moinuddin Director 23007683 2.60
Total 249053422 28.20
ii) Shareholding by Managing Director & CEO : Nil

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

i) Mr. Mosleh Uddin Ahmed,AMD : Nil
ii) Mr. Fazlur Rahman, DMD : Nil
iii) Mr. Abu Zafore Md. Saleh, DMD : Nil
iv) Mr. Ishtiaque Ahmed, SEVP : Nil
v) Mr. Mukthar Ahmed, SEVP : Nil
Vi) Mr. M Wahedur Rahman, SEVP : Nil
vii) Mr. A.B.M. Abdullah, SEVP : Nil
viii) Spouses of above Executives : Nil
d) Shareholders holding ten percent (10%) of shares : Nil
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78
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:
Sl Status with Status with Educational

Name
No. the Bank the Committee Qualification
01 Mr. Md. Amirul Islam FCS, FCA Independent Director 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.
05 Mr. K.A.M. Haroon Independent Director Member BSc Engg.
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:
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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
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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
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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 Managing Director & CEO
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 ACNABIN

30 March 2016 Chartered Accountants
Page
85
31.12.2015 31.12.2014 01.01.2014
Taka Taka Taka
PROPERTY AND ASSETS
Cash 5(a) 9,276,639,728 8,612,161,539 7,875,262,639

In hand (including foreign currencies) 1,191,641,434 1,173,484,713 1,256,477,870
Balance with Bangladesh Bank and its agent bank (s) 8,084,998,294 7,438,676,826 6,618,784,769
(including foreign currencies)
Balance with other banks and financial institutions 6(a) 4,266,890,889 2,414,393,658 670,604,823
In Bangladesh 3,996,625,740 471,533,599 341,687,470
Outside Bangladesh 270,265,149 1,942,860,059 328,917,353
Money at call and short notice 7 - - -
Investments 8 (a) 21,525,654,873 26,597,505,060 19,933,799,397

Government 20,035,094,753 25,241,572,158 18,352,194,148
Others 1,490,560,120 1,355,932,902 1,581,605,249
Loans and advances 9(a) 107,971,500,888 93,766,512,875 90,790,437,249

Loans, cash credits, overdrafts, etc. 104,891,779,279 91,585,216,994 88,986,893,032
Bills purchased & discounted 3,079,721,609 2,181,295,881 1,803,544,217
Fixed assets including premises,

furnitures and fixtures 10(a) 2,641,964,604 2,591,715,651 1,759,065,816
Other assets 11(a) 1,928,152,272 2,014,263,699 3,597,079,822
Non-banking assets - - -
TOTAL ASSETS 147,610,803,254 135,996,552,482 124,626,249,746
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
Deposits and other accounts 13 (a) 112,486,283,039 105,458,206,463 97,986,947,700

Current deposits and other accounts 10,882,801,448 9,303,413,794 7,844,244,383
Bills payable 1,882,364,468 2,038,624,517 1,319,767,208
Savings bank deposits 15,519,149,153 12,989,595,636 11,167,226,439
Fixed deposits 45,151,188,780 45,696,085,137 47,844,992,750
Term deposits 39,050,779,190 35,430,487,379 29,810,716,920
Other liabilities 14(a) 13,875,091,028 11,256,482,519 10,645,994,290

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

Dated, Dhaka
ACNABIN
30 March 2016
Page
88
A) Cash flows from operating activities
Interest received in cash 13,557,609,731 13,838,674,210
Interest paid by cash (6,798,120,272) (8,247,206,366)
Dividend received 45,312,943 56,999,846
Fees & commission received in cash 683,096,569 743,148,103
Recoveries of loans previously written off 14,573,045 11,873,927
Cash paid to employees (1,646,401,353) (1,668,077,244)
Cash paid to suppliers (156,953,347) (251,426,355)
Income taxes paid (626,515,636) (1,278,664,489)
Received from other operating activities 37(a) 892,949,753 1,092,114,460
Paid for other operating activities 38(a) (818,878,709) (663,334,301)
Operating cash flow before changes in operating assets and liabilities 5,146,672,725 3,634,101,791
Increase/(Decrease) in operating assets & liabilities
Purchase & sale of trading securities 5,084,806,469 (6,730,570,525)
Loans and advances to other banks - -
Loans and advances to customers (other than banks) (14,204,988,013) (2,976,075,626)
Other assets 39(a) (96,253,747) 639,275,079
Deposits from other banks/borrowings (78,221,992) 280,010,212
Deposits from customers (other than banks) 7,340,076,576 7,359,258,763
Other liabilities account of customers (1,031,349,109) (1,188,600,453)
Other liabilities 40(a) 346,021,639 721,332,298
Net Cash received from operating activities 2,506,764,548 1,738,731,539
B) Cash flows from investing activities
Proceeds from sale of securities 269,139,214 262,380,301
Payment for purchase of securities (284,580,505) (173,299,658)
Purchase of property, plant and equipment (300,444,092) (989,898,832)
Sales proceeds of fixed assets 12,704,892 5,893,287
Net cash used in investing activities (303,180,491) (894,924,902)
C) Cash flows from financing activities
Borrowings from other bank's , financial institutions and agents 306,503,465 2,093,981,907
Interim dividend paid to minority shareholders - -
Dividend paid in cash - (458,814,548)
Net cash received from financing activities 306,503,465 1,635,167,359
D) Net (decrease)/ increase in cash (A+B+C) 2,510,087,522 2,478,973,996
E) Effects of exchange rate changes on cash and cash-equivalents 7,913,698 1,485,538
F) Opening cash and cash-equivalents 11,031,141,597 8,550,682,063
G) Closing cash and cash-equivalents (D+E+F) 41(a) 13,549,142,817 11,031,141,597
Page
89
90
Page
Other reserve- Non-
F.C.
Paid up Statutory General asset controlling Retained Total
Particulars capital reserve reserve revaluation Translation (Minority) earnings
reserve gain/(loss)
interest
Taka Taka Taka Taka Taka Taka Taka Taka
Balance at 1st January 2015 8,029,254,580 4,783,513,367 10,162,348 484,862,319 2,395,709 215 1,046,694,283 14,356,882,821
Adjustment for deferred tax on revaluation reserve - - - (100,544,970) - - - (100,544,970)
Restated 8,029,254,580 4,783,513,367 10,162,348 384,317,349 2,395,709 215 1,046,694,283 14,256,337,851
Adjustment for OBU, currency translation & NCCB Capital - 11,703 - - (2,669,836) (10) 2,880,512 222,370
Transferred from revaluation reserve against
depreciation on revaluation of fixed assets - - - (3,427,007) - - 3,427,007 -
Revaluation of Govt. securities (treasury bills/bonds)
HFT made during the year - - - 33,763,265 - - - 33,763,265
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 - - - - 7,913,698 - - 7,913,698
Non-controlling (Minority) interest - - - - - - - -
Bonus share for the year 2014 802,925,450 - - - - - (802,925,450) -
Net profit for the year - - - - - 1,385,384,882 1,385,384,882
Transfer to statutory reserve - 440,541,521 - - - - (440,541,521) -
Cash dividend for the year 2014 - - - - - - - -
Balance at 31 December 2015 8,832,180,030 5,224,066,591 10,162,348 414,653,607 7,639,571 205 1,194,919,713 15,683,622,065
Balance at 31 December 2014 8,029,254,580 4,783,513,367 10,162,348 484,862,319 2,395,709 215 1,046,694,283 14,356,882,821

31.12.2015 31.12.2014 01.01.2014
Taka Taka Taka
PROPERTY AND ASSETS
Cash 5 9,276,607,311 8,612,160,908 7,875,262,621
In hand (including foreign currencies) 1,191,609,017 1,173,484,082 1,256,477,852
Balance with Bangladesh Bank and its agent bank (s) 8,084,998,294 7,438,676,826 6,618,784,769
Balance with other banks and financial institutions 6 4,229,382,617 2,407,581,410 656,757,606
In Bangladesh 3,959,117,468 468,186,926 328,019,533
Outside Bangladesh 270,265,149 1,939,394,484 328,738,073
Money at call and short notice 7 - - -

Investments 8 21,457,592,088 26,568,661,762 19,908,322,002
Government 20,035,094,753 25,241,572,158 18,352,194,148
Others 1,422,497,335 1,327,089,604 1,556,127,854
Loans and advances 9 104,854,725,530 90,920,772,028 88,167,205,831

Loans, cash credits, overdrafts, etc. 101,775,003,921 88,739,476,147 86,363,661,614
Bills purchased & discounted 3,079,721,609 2,181,295,881 1,803,544,217
Fixed assets including premises,

furnitures and fixtures 10 2,628,177,518 2,573,252,105 1,736,637,982
Other assets 11 3,923,467,287 4,077,095,326 5,698,510,026
Non-banking assets - - -
TOTAL ASSETS 146,369,952,351 135,159,523,539 124,042,696,069
Liabilities
Borrowings from other banks, financial
institutions and agents 12 5,565,807,122 4,975,525,649 2,763,533,530
Deposits and other accounts 13 112,722,210,375 105,703,614,110 98,229,442,528

Current deposits and other accounts 11,118,728,784 9,548,821,441 8,086,739,211
Bills payable 1,882,364,468 2,038,624,517 1,319,767,208
Savings bank deposits 15,519,149,153 12,989,595,636 11,167,226,439
Fixed deposits 45,151,188,780 45,696,085,137 47,844,992,750
Term deposits 39,050,779,190 35,430,487,379 29,810,716,920
Other liabilities 14 12,427,296,595 10,231,239,218 9,832,023,919

TOTAL LIABILITIES 130,715,314,092 120,910,378,977 110,824,999,977
Paid up capital 15.2 8,832,180,030 8,029,254,580 7,646,909,130
Statutory reserve 16 5,224,066,591 4,783,513,367 4,283,417,675
General reserve 17 10,162,348 10,162,348 10,162,348
Other reserve-assets revaluation reserve 18 414,653,607 384,317,349 398,621,790
Foreign currency translation gain/(loss) 18.1 7,639,571 (276,637) 2,518
Surplus in profit and loss account 19 1,165,936,113 1,042,173,555 878,582,631
TOTAL SHAREHOLDERS' EQUITY 15,654,638,259 14,249,144,562 13,217,696,092
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 146,369,952,351 135,159,523,539 124,042,696,069
Page
91
CONTRA ENTRIES 31.12.2015 31.12.2014 01.01.2014
Taka Taka Taka
Off balance sheet items
Contingent liabilities
Acceptances and endorsements 20.1 11,492,348,389 11,771,729,896 12,350,769,134
Letters of guarantee 20.2 13,769,401,350 11,395,123,103 6,671,917,435
Letters of credit issued 20.3 8,988,152,644 10,890,049,609 8,429,713,928
Bills for collection 20.4 183,043 295,242,380 3,894,651
Claims against the bank not acknowledged as debt - - -
Capital commitments - - -
Export development fund (EDF) 2,852,700 169,424,989 7,028,000
TOTAL OFF BALANCE SHEETS ITEMS 34,252,938,126 34,521,569,977 27,463,323,148
ACNABIN
30 March 2016
Page
92
Interest income 22 11,146,340,460 12,019,784,168
Less: Interest paid on deposits and borrowings 23 8,056,172,569 9,339,227,961
Net interest income 3,090,167,891 2,680,556,207
Income from investments 24 2,701,523,938 2,672,992,807
Commission, exchange and brokerage 25 796,968,834 924,708,445
Other operating income 26 385,063,468 344,308,980
Total operating income 6,973,724,131 6,622,566,439
Salary and allowances 27 1,859,154,514 1,738,691,455
Rent, taxes, insurance, electricity etc. 28 310,958,861 282,504,145
Legal expenses 29 21,429,011 19,889,646
Postage, stamp, telecommunication etc. 30 27,954,067 28,109,335
Stationery, printing, advertisement etc. 31 89,123,218 70,819,994
Managing Director's salary and allowances 32 8,400,000 9,204,354
Director's fees 33 2,070,000 1,770,000
Audit fee 34 230,000 172,500
Repairs, maintenance, amortization & depreciation of bank's assets 35 487,289,951 379,621,342
Other expenses 36 300,854,369 344,981,805
Total operating expense 3,107,463,991 2,875,764,576
Profit before provisions 3,866,260,140 3,746,801,863
Provision for loans and advances 1,560,771,018 1,092,979,734
Specific provision 14.5(a) 1,430,332,399 1,039,908,407
General provision 14.5(b) 130,438,619 53,071,327
Provision for off-balance sheet exposures 14.6 - 70,600,398
Provision for off-shore banking unit 14.7 7,481,573 3,500,493
Provision for investment fluctuation in shares 8.3 66,873,799 54,242,778
Provision for other assets 14.2 3,426,147 -
Total provisions 1,638,552,537 1,221,323,403
Profit after provision for loans & advances and others 2,227,707,603 2,525,478,460
Contribution to NCC Bank Foundation 14.9 25,000,000 25,000,000
Profit before tax 2,202,707,603 2,500,478,460
Provision for tax 838,890,869 999,149,242
Current tax 14.3 893,261,811 869,355,654
Deferred tax 14.4.1 (54,370,942) 129,793,588
Profit after tax for the year 1,363,816,734 1,501,329,218
Balance of profit brought forward from last year 19.1 239,233,892 37,425,151
Total profit available for distribution 1,603,050,626 1,538,754,369
Appropriations:
Statutory reserve 440,541,521 500,095,692
General reserve - -
440,541,521 500,095,692
Retained earnings 19 1,162,509,106 1,038,658,677
Earnings per share (EPS) 42 1.54 1.70

ACNABIN
30 March 2016
Page
93
Interest received in cash 13,554,471,975 13,856,121,546

Interest paid by cash (6,798,213,549) (8,247,206,366)
Dividend received 44,691,735 56,865,596
Fees & commission received in cash 589,045,771 635,300,980
Recoveries of loans previously written off 14,573,045 11,873,927
Cash paid to employees (1,617,462,385) (1,637,625,260)
Cash paid to suppliers (147,881,998) (240,668,501)
Income taxes paid (604,725,715) (1,238,171,705)
Received from other operating activities 37 890,965,953 1,088,702,191
Paid for other operating activities 38 (788,035,498 (628,745,440)
Operating cash flow before changes in operating assets and liabilities 5,137,429,335 3,656,446,968
Increase/(decrease) in operating assets & liabilities
Purchase & sale of trading securities 5,084,806,469 (6,730,570,525)
Loans and advances to other banks - -
Loans and advances to customers (other than banks) (13,933,953,502) (2,753,566,197)
Other assets 39 (94,485,967) 638,480,948
Deposits/ borrowings from other banks (28,221,992) 230,010,212
Deposits from customers (other than banks) 7,330,596,265 7,362,171,582
Other liabilities account of customers (1,163,926,593) (1,170,440,105)
Other liabilities 40 100,126,121 510,172,099
Net cash received from operating activities 2,432,370,136 1,742,704,982
Proceeds from sale of securities 115,408,617 262,380,301
Payment for purchase of securities (85,954,489) (169,933,755)
Purchase of property, plant and equipment (299,806,514) (988,389,851)
Sales proceeds of fixed assets 10,838,497 5,841,490
Borrowings from other bank's , financial institutions and agents 306,503,465 2,093,981,907
Dividend paid in cash - (458,814,548)
Net cash received from financing activities 306,503,465 1,635,167,359
D) Net increase/(decrease) in cash (A+B+C) 2,479,359,712 2,487,770,526
E) Effects of exchange rate changes on cash and cash-equivalents 7,913,698 (276,637)
F) Opening cash and cash-equivalents 11,024,328,718 8,536,834,828
G) Closing cash and cash-equivalents (D+E+F) 41 13,511,602,128 11,024,328,718
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F.C.
Paid up Statutory General Other reserve-assets Retained
revaluation reserve Translation
Total
Particulars capital reserve reserve earnings
gain/(loss)
Taka Taka Taka Taka Taka Taka Taka
Balance at 1st January 2015 8,029,254,580 4,783,513,367 10,162,348 484,862,319 (276,637) 1,042,173,555 14,349,689,532
Adjustment for deferred tax on revaluation reserve - - - (100,544,970) - - (100,544,970)
Restated 8,029,254,580 4,783,513,367 10,162,348 384,317,349 (276,637) 1,042,173,555 14,249,144,562
Adjustment for OBU - 11,703 - - 2,510 (14,213) -
Transferred from revaluation reserve against
depreciation on revaluation of fixed assets - - - (3,427,007) - 3,427,007 -
Revaluation of Govt. securities (treasury
bills/bonds) HFT made during the year - - - 33,763,265 - - 33,763,265
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 - - - - 7,913,698 - 7,913,698
Bonus share for the year 2014 802,925,450 - - - (802,925,450) -
Net profit for the year - - - 1,363,816,734 1,363,816,734
Appropriations during the year - - - - - - -
Transfer to statutory reserve - 440,541,521 - - (440,541,521) -
Cash dividend for the year 2014 - - - - - - -
Balance at 31 December 2015 8,832,180,030 5,224,066,591 10,162,348 414,653,607 7,639,571 1,165,936,113 15,654,638,259
Balance at 31 December 2014 8,029,254,580 4,783,513,367 10,162,348 484,862,319 (276,637) 1,042,173,555 14,349,689,532
95
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Amount in Taka
Not more than 3-12 months Above 5-years
Particulars 1-3 months term 1-5 years term Total
1 month term term term
Assets:
Cash in hand 1,191,609,017 - - - - 1,191,609,017
Balances with other banks
and financial institutions 3,872,049,577 1,058,569,286 - - 7,383,762,048 12,314,380,911
Money at call & short notice - - - - - -
Investments 1,502,301,101 1,117,595,862 3,049,685,651 6,627,727,580 9,160,281,894 21,457,592,088
Loans & advances 19,270,895,521 19,901,578,892 30,853,460,137 29,572,118,562 5,256,672,418 104,854,725,530
Fixed assets including land, building,
furniture & fixtures 24,122,401 65,645,905 295,406,573 825,962,559 1,417,040,080 2,628,177,518
Other assets 82,162,420 124,129,841 1,219,956,339 243,353,684 2,253,865,004 3,923,467,287
Non-banking assets - - - - - -
Total assets 25,943,140,037 22,267,519,786 35,418,508,700 37,269,162,385 25,471,621,444 146,369,952,351
Liabilities:
Borrowing from other banks, financial
institutions & agents 1,825,238,289 356,209,991 1,062,321,760 1,499,495,372 822,541,710 5,565,807,122
Deposits 17,479,532,143 24,312,760,163 28,548,852,090 32,783,066,757 7,715,634,754 110,839,845,907
Bills payable 1,882,364,468 - - - - 1,882,364,468
Provision & other liabilities 296,542,442 1,334,949,797 3,160,042,270 2,413,167,718 5,222,594,367 12,427,296,595
Total liabilities 21,483,677,342 26,003,919,951 32,771,216,120 36,695,729,847 13,760,770,831 130,715,314,092
Net liquidity gap 4,459,462,694 (3,736,400,165) 2,647,292,579 573,432,538 11,710,850,613 15,654,638,259
Net result of the liquidity statement represents the 'shareholders' equity' of the bank.

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.
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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. Hasnt traded or sold of any stock in the last 9 Months;

ii. Isnt threatened with liquidation;
iii. 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) Balance with other banks and financial institutions, money at call and short notice, etc. are shown on the
basis of their maturity term;
ii) Investments are on the basis of their respective maturity;
iii) Loans and advances / investments are on the basis of their repayment schedule;
iv) Fixed assets are on the basis of their useful lives;
v) Other assets are on the basis of their realization / amortization;
vi) Borrowing from other banks, financial institutions and agents, etc. are as per their maturity / repayment terms;
vii) Deposits and other accounts are on the basis of their maturity term and past trend of withdrawal by the depositors;
viii) Provisions and other liabilities are on the basis of their payment / adjustments schedule.
2.8 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 Rate
General provision on unclassified loans and advances
Standard general loans and advances 1%
Standard small & medium enterprisefinancing 0.25%
Standard loans to merchant banking/BHs/SDs 2%
Std. Housing Fin. and loans for professional to set up a business 2%
Standard consumers loan scheme other than HF and LP 5%
Standard Short term agri and Micro credit 2.50%
Special mention account general loans and advances 1%
Special mention accountsmall & medium enterprise Financing 0.25%
Special mention account loans to BHs/MBs/Sds 2%
Special mention account HF and LP 2%
Special mention account consumer's loan scheme other than HF & LP 5%
Specific provision on classified loans and advances
Substandard (Agri & Micro credit) 5%
Doubtful (Agri & Micro credit) 5%
Substandard 20%
Doubtful 50%
Bad or Loss 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 Applicable accounting value

Government treasury bills-HTM Amortized value
Government treasury bills-HFT Market value
Government treasury bonds-HTM Amortized value
Government treasury bonds-HFT Market value
Prize bonds 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 Rate of depreciation

Land Nil
Building/apartment & structure 2.50%
Furniture & fixture 10.00% to 20.00%
Machineries & equipment 20.00%
Computer equipment 20.00%
Vehicles 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 Rate of amortization
Software (straight line) 20%
2.10.6 Other assets
Provision for 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. Page
105
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 and other accounts
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.
2.17 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.
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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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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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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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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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) Password
b) User ID maintenance
c) Input
d) Network security
e) Data encryption
f) Virus protection
g) 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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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 BAS no. Status
Presentation of Financial Statements 1 Not Applied*
Inventories 2 Applied
Cash Flow Statements 7 Not Applied*
Accounting Policies, Changes in Accounting Estimates and Errors 8 Applied
Events after the Reporting Period 10 Applied
Construction Contracts 11 Not applicable
Income Taxes 12 Applied
Property, Plant and Equipment 16 Applied
Leases 17 Applied
Revenue 18 Applied
Employee Benefits 19 Applied
Accounting for Government Grants and Disclosure of Government Assistance 20 Not applicable
The Effects of Changes in Foreign Exchange Rates 21 Applied
Borrowing Costs 23 Applied
Related Party Disclosures 24 Not applicable
Accounting and Reporting by Retirement Benefit Plans 26 Not applicable
Separate Financial Statements 27 Applied
Accounting for Investments in Associates 28 Not applicable
Financial Reporting of Interest in Joint Ventures 31 Not applicable
Financial Instruments: Presentation 32 Not Applied*
Earnings Per Share 33 Applied
Interim Financial Reporting 34 Applied
Impairment of Assets 36 Applied
Provisions, Contingent Liabilities and Contingent Assets 37 Applied
Intangible Assets 38 Applied
Financial Instruments: Recognition and Measurement 39 Not Applied*
Investment Property 40 Applied
Agriculture 41 Not applicable
Name of the BFRS BFRS no. Status

First time adoption 1 Not applicable
Share Based Payment 2 Not applicable
Business Combinations 3 Not applicable
Insurance Contract 4 Not applicable
Non-current Assets Held for Sale and Discontinued Operations 5 Not applicable
Exploration for and Evaluation of Mineral Resources 6 Not applicable
Financial Instruments: Disclosure 7 Not Applied*
Operating Segments 8 Applied
Financial Instruments-R&M 9 Not yet adopted
but under review
Consolidated Financial Statements 10 Applied
Joint Arrangements 11 Not applicable
Disclosure of interest in other entities 12 Not applicable
Fair Value Measurement 13 Not applicable
* 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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2.24 Regulatory and legal compliance
The Bank complied with the requirements of following regulatory and legal authorities:
a) The Banking Companies Act 1991 (Amended up to 2013);
b) The Companies Act 1994;
c) Rules and regulations issued time to time by Bangladesh Bank;
d) 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;
e) The Income Tax Ordinance 1984;
f) The VAT Act 1991;
g) 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 Date of Rating Long term Short Term Rating conducted by
2014 30.06.201 5 AA AR-2
2013 30.06.2014 AA AR-2 Alpha Credit Rating Limited
2012 30.06.2013 AA- AR-2
2011 24.05.2012 AA3 ST -2
2010 23.06.2011 A1 ST -2
Credit Rating Agency of
2009 24.06.2010 A1 ST -2 Bangladesh Limited (CRAB)
2008 29.06.2009 A2 ST -2
2007 09.06.2008 A2 ST -3
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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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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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 31.12.2014 01.01.2014

Taka Taka Taka
Commission, exchange and brokerage: 25
Balance Stated in Previous year 796,968,834 834,641,525 912,440,331
Adjustment for defalcated exchange loss - 90,066,920 -
Restated balance of 2014 for comparison as on 31.12.2015 796,968,834 924,708,445 912,440,331
Consolidated commission, exchange and brokerage: 25(a)

NCC Bank Limited 796,968,834 924,708,445 912,440,331
NCCB Securities and Financial Services Limited 93,603,298 102,173,092 102,914,461
NCCB Capital Limited - - -
NCCB Exchange (UK) Limited 447,500 5,674,031 2,710,515
Restated balance of 2014 for comparison as on 31.12.2015 891,019,632 1,032,555,568 1,018,065,307
Other expense: 36
Adjustment for defalcated exchange loss - 90,066,920 -
Consolidated other expense: 36(a)

NCC Bank Limited 300,854,369 344,981,805 240,598,299
NCCB Securities and Financial Services Limited 15,818,647 16,194,627 14,676,463
NCCB Capital Limited 19,380 21,572 31,142
NCCB Exchange (UK) Limited 9,014,023 9,568,562 7,621,036
325,706,419 370,766,566 262,926,940
Less: Intercompany transaction 44,963,763 - -
Assets revaluation reserve on land and building 18(a)

Adjustment for deferred tax liability - (100,544,970) (52,139,722)
Deferred tax liabilities 14.4.1

Adjustment for deferred tax liability - 100,544,970 52,139,722
Consolidated other liabilities 14(a)

NCC Bank Limited 12,427,296,595 10,231,239,218 9,832,023,919
NCCB Securities and Financial Services Limited 1,442,626,154 1,003,449,532 793,475,264
NCCB Capital Limited 5,168,280 17,648,110 16,173,814
NCCB Exchange (UK) Limited - 7,723,411 6,665,889
13,875,091,028 11,260,060,271 10,648,338,886
Less: Intercompany transaction - 3,577,752 2,344,596
Restated balance of 2014 for comparison as on 31.12.2015 13,875,091,028 11,256,482,519 10,645,994,290
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3 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:
Status with
SL. Educational
Name Status with the Bank the
No. qualifications
committee
1. B.Com.(Hons),
Mr. Md. Amirul Islam, FCS, FCA Independent Director Chairman
M.Com. , DAIBB, FCS, FCA
2. Mr. Md. Abul Bashar Director Member B.S. (MIS), USA
3. Mr. Md. Harunur Rashid Director Member M.A.
4. Mr. Khairul Alam Chaklader Director Member B.Com.
5. Mr. K. A. M. Haroon Independent Director Member 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.
31.12.2015 31.12.2014
5 Cash Taka
Taka
Cash in hand ( Including foreign currencies)
Conventional banking
Local currency 1,185,707,219 1,150,806,056
Foreign currencies 5,901,798 22,678,026
1,191,609,017 1,173,484,082
Off-shore banking unit - -
1,191,609,017 1,173,484,082
Balance with Bangladesh Bank and its agent bank (s)
Local currency 7,452,249,194 7,044,521,827
Foreign currencies 326,195,859 136,572,051
7,778,445,053 7,181,093,878
Sonali Bank Ltd. as agent of Bangladesh Bank ( Local currency )-note 5.1 306,553,241 257,582,948
8,084,998,294 7,438,676,826
8,084,998,294 7,438,676,826
9,276,607,311 8,612,160,908
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Taka Taka
5.1 Sonali Bank Ltd. as agent of Bangladesh Bank ( Local currency )
Cox's bazar branch 6,166,554 19,999,018

Feni branch 35,160,585 27,084,519
Laxmipur branch 21,348,459 23,019,074
Moulvibazar branch 1,375,035 7,932,546
Jessore branch 8,466,301 647,363
Chaumuhani branch 84,134 121,334
Madaripur branch 11,112,063 6,529,721
Chakaria branch 758,660 1,948,378
Comilla branch 46,446,677 1,127,549
Joydevpur branch 224,012 80,841
Mymensingh branch 52,766,798 47,331,431
Tangail branch 57,052,217 36,692,445
Naogaon branch 5,415,393 13,753,606
Kushtia branch 8,117,401 10,225,381
Narayangonj branch 1,915,953 2,404,313
Brahmanbaria branch 38,322,661 20,391,300
Narsingdi branch 2,458,687 13,543,097
Maijdee branch 8,604,296 1,683,444
Dinajpur branch 757,355 23,067,588
306,553,241 257,582,948
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 accor-
dance 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 7,383,762,048 7,005,473,940

Actual reserve held 7,452,249,194 7,044,521,827
Surplus/ (deficit) 68,487,146 39,047,887
5.4 Statutory Liquidity Ratio ( SLR)
Required reserve 14,767,524,100 14,010,947,890

Surplus/ (deficit) 6,828,156,911 12,700,739,185
Actual reserve held for SLR has been restated in 2014 due to inclusion of HFT as a component of SLR
Total required reserve 22,151,286,148 21,016,421,830

Total surplus 6,896,644,057 12,739,787,072
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5(a) Consolidated cash
Cash in hand
NCC Bank Limited (Note-5 ) 1,191,609,017 1,173,484,082

NCCB Securities and Financial Services Limited 32,417 631
NCCB Capital Limited - -
NCCB Exchange (UK) Limited - -
1,191,641,434 1,173,484,713
Balance with Bangladesh Bank and its agent bank(s)
NCC Bank Limited (Note-5 ) 8,084,998,294 7,438,676,826

NCCB Securities and Financial Services Limited - -
8,084,998,294 7,438,676,826
9,276,639,728 8,612,161,539
6 Balance with other banks and financial institutions
In Bangladesh (Note -6.1)

Conventional banking 3,959,117,468 468,186,926
3,959,117,468 468,186,926
Outside Bangladesh (Note-6.2)
Conventional banking 219,365,784 1,934,158,707
Off-shore banking unit 50,899,365 5,235,777
270,265,149 1,939,394,484
4,229,382,617 2,407,581,410
6.1 In Bangladesh
Current accounts with
Sonali Bank Limited 19,102,936 15,350,418
IFIC Bank Limited - 2,000
Islami Bank Bangladesh Limited 227,904 275,078
Commercial Bank of Ceylon 1,077,500 1,077,500
Trust Bank Limited 6,573,985 385,049
Standard Chartered Bank 8,836,839 4,013,941
Dutch Bangla Bank Limited 39,671 6,041,495
Rupali Bank Limited 27,724,245 8,917,826
EXIM Bank Limited 2,546,098 2,538,965
First Security Islami Bank Limited 564,454 553,420
Shahjalal Islami Bank Limited 558,023 538,947
Bangladesh Commerce Bank Limited 1,104,341 1,076,112
Social Islami Bank Limited 557,163 539,446
BRAC Bank Limited 1,034,187 27,061,086
69,947,346 68,371,283
Special notice deposit accounts with
Janata Bank Limited 12,722 14,009,204
Dutch Bangla Bank Limited 27,913 27,913
United Commercial Bank Limited 560,201 542,294
600,836 14,579,411
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31.12.2015 31.12.2014
Fixed deposit accounts with Taka Taka
ICB Islamic Bank Limited 8,569,286 19,073,390

Standard Bank Limited 1,000,000,000 -
Dhaka Bank Limited 500,000,000 -
Southeast Bank Limited 500,000,000 -
AB Bank Limited 500,000,000 -
Commercial Bank of Ceylon 230,000,000 -
One Bank Limited 1,000,000,000 -
Bank Asia Ltd. - 366,162,842
National Bank of Pakistan 150,000,000 -
3,888,569,286 385,236,232
3,959,117,468 468,186,926
3,959,117,468 468,186,926
6.2 Outside Bangladesh (NOSTRO Accounts)
Current accounts (non-interest bearing) with
The Bank of Tokyo Mitsubishi UFJ Ltd, Japan 1,129,210 2,060,279
Standard Chartered Bank, Tokyo 1,120,402 2,153,026
United Bank Limited, Karachi 8,604,483 2,795,156
AXIS Bank Limited, Kolkata 810,995 4,908,157
Nepal Bangladesh Bank Ltd. Nepal 10,929,290 14,740,754
Sonali Bank (UK) Limited, London 32,308,460 574,337
Bank of Bhutan, Phuentsholing 3,304,573 443,660
Habib Metropoliton Bank, Pakistan 25,542,098 7,780,481
Unicredit Spa, Milan 9,692,703 63,558,237
Commerzbank AG, Frankfurt Am Main - 6,307,281
Nations Trust Bank Plc, Colombo 1,953,574 -
Standard Chartered Bank, London 48,662,861 1,428,422,291
ICICI Bank Limited, Kokata 2,104,470 -
American Express Bank, Colombo - 1,301,812
Standard Chartered Bank, Singapore 2,926,931 6,691,518
Standard Chartered Bank, Kolkata 13,079,280 -
Sonali Bank Limited, Kolkata 15,320,995 64,638,265
Standard Chartered Bank, Frankfurt 7,431,479 7,275,665
184,921,804 1,613,650,919
Current accounts (interest bearing) with
Westpac Banking Corporation, Sydney 1,255,203 1,867,458
Citibank N.A., New York 33,188,777 99,873,558
Standard Chartered Bank , New York - 218,766,772
34,443,980 320,507,788
219,365,784 1,934,158,707
Off-shore banking unit (Habib American Bank, NY) 50,899,365 5,235,777
(Annexure 'A' may kindly be seen for details) 270,265,149 1,939,394,484
6.3 Balance with other banks and financial institutions

(according to remaining maturity grouping) payable
Payable on demand 340,212,495 2,373,928,609
Up to one month 2,830,600,836 14,579,411
Over one month but not more than three months 1,058,569,286 -
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 - 19,073,390
Over five years - -
4,229,382,617 2,407,581,410
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6(a) Consolidated balance with other banks and financial institutions

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

Banking company - -
Non-banking financial institutions - -
- -
8 Investments
Government securities (Note-8.1) 20,035,094,753 25,241,572,158

Other investments (Note-8.2) 1,422,497,335 1,327,089,604
21,457,592,088 26,568,661,762
8.1 Government securities
Treasury bills
91 days treasury bills - 1,209,850,791
182 days treasury bills - 606,772,726
364 days treasury bills 347,767,839 323,101,883
347,767,839 2,139,725,400
Bangladesh Bank bill - -

Treasury bonds
2 years treasury bonds 91,704,985 246,942,152
5 years treasury bonds 7,429,990,964 8,949,517,929
19,681,714,714 23,097,260,358
Prize bonds 5,612,200 4,586,400
20,035,094,753 25,241,572,158
20,035,094,753 25,241,572,158
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31.12.2015 31.12.2014
8.2 Other investments Taka Taka
ACI zero coupon bonds - 12,139,999
Dhaka Bank subordinated bond 35,000,000 50,000,000
National Bank subordinated bond 25,600,000 32,000,000
Mutual Trust Bank subordinated bond 30,000,000 40,000,000
UCBL subordinate bond 200,000,000 -
Beximco pharmaceuticals (Debenture ) 60,570 60,570
Investment in shares (Note-8.6) 1,616,293,179 1,688,266,871
Less: Provision for investment fluctuation in shares (Note-8.3) (484,456,414) (495,377,836)
1,131,836,765 1,192,889,035
1,422,497,335 1,327,089,604
1,422,497,335 1,327,089,604
8.3 Provision for investment fluctuation in shares
Opening balance 495,377,836 441,135,058
Add: Provision made during the year 66,873,799 54,242,778
Less: Amount adjusted during the year (77,795,221) -
Closing balance 484,456,414 495,377,836
8.3 (a) Consolidated provision for investment fluctuation in

shares charged to profit and loss account
NCC Bank Limited (Note-8.3) 66,873,799 54,242,778

NCCB Securities and Financial Services Limited 7,770,647 -
74,644,446 54,242,778
8.4 Investment classified as per Bangladesh Bank circular
Held for Trading (HFT) 679,434,728 4,517,278,274

Held to Maturity (HTM) 19,350,047,825 20,719,707,484
Other securities 1,428,109,535 1,331,676,004
21,457,592,088 26,568,661,762
8.5 Maturity grouping of investments
On demand 1,102,301,101 1,156,740,016

Up to one month 400,000,000 851,462,299
Over one month but not more than three months 1,117,595,862 826,915,409
Over three months but not more than six months 579,343,207 594,306,545
Over six months but not more than one year 2,470,342,444 1,682,123,120
Over one year but not more than five years 6,627,727,580 10,267,604,816
Over five years 9,160,281,894 11,189,509,557
21,457,592,088 26,568,661,762
8.6 Investment in shares
Quoted
AB Bank Limited 6,219,000 6,067,093
Advance Chemical Industries Limited 26,444,239 -
Agrani Insurance Co. Limited 8,774,040 10,016,563
Al-Arafah Islami Bank Limited 71,392,368 73,613,875
Asia Insurance Limited 5,809,122 6,999,050
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Asia Pacific General Insurance Limited 30,603,248 30,800,366

Bangladesh Auto Cars Limited 223,907 223,907
Bangladesh General Insurance Co. Limited 5,392,872 5,620,658
Bank Asia Limited 24,427,686 25,382,039
Bata Shoe Co. (BD) Limited 3,368,950 3,008,892
Bay Leasing & Investment Limited 66,145,144 71,047,947
Beximco Limited 4,872,875 6,685,800
Beximco Pharma Limited - 25,200
Bangladesh Submarine Cable Company Limited 25,969,818 26,650,837
BSRM Steels Limited 6,002,036 9,225,121
Confidence Cement Limited 5,298,842 5,298,842
Dacca Dyeing & Manufacturing Co. Limited 6,540,520 6,570,400
Dhaka Electric Supply Company Limited 72,012,264 74,738,248
Eagle Star Textile Mills Limited 4,227,951 4,227,951
Eastern Bank Limited 9,047,975 8,994,717
Eastern Cables Limited - 277,852
Eastland Insurance Limited 9,391 11,650
Enboy Textiles Limited - 39,678
EXIM Bank Limited 108,325 55,150
Fareast Life Insurance Co. Limited 6,922,554 7,078,425
Family Textile (BD) Limited 1,572,746 1,572,746
First Lease Finance & Investment Limited 1,178,613 1,601,860
GBP Power Limited 3,960,512 4,324,100
GPH Ispat Limited 8,112,302 8,076,250
Grameenphone Limited 22,635,437 11,564,424
Green Delta Insurance Co. Limited 16,038,868 16,685,130
Investment Corporation of Bangladesh 13,779,636 -
ICB Islamic Bank Limited 2,624,656 5,490,645
IDLC Finance Limited 25,566,544 27,466,708
Islami Bank Bangladesh Limited 102,675 56,132
Jamuna Bank Limited 18,278,045 19,670,799
Jamuna Oil Company Limited 38,446,269 38,435,918
Karnaphuly Insurance Limited 5,789,881 5,763,830
Khulna Power Co. Limited 15,012,113 5,698,282
Lafarge Surma Cement Limited 4,598,238 4,640,671
Lanka Bangla Finance Limited 81,920,858 86,762,006
Maksons Spinning Mills Limited 6,576,456 8,706,149
Meghna Petroleum Limited 17,750,513 16,994,756
Mercantile Bank Limited 4,152,810 4,168,547
Mercantile Insurance Co. Limited 19,321,039 19,424,350
MI Cement Factory Limited 445,948 302,231
MJL Bangladesh Limited 7,264,320 6,360,450
National Bank Limited 25,531,210 22,385,193
Navana CNG Limited 53,162,602 61,467,196
Olympic Industries Limited 2,310,739 511,650
Padma Oil Company Limited 10,866,255 9,992,625
Peoples Leasing and Financial Services Limited 36,134,880 48,205,403
Phoenix Finance and Investment Limited 6,168,182 6,140,550
Power Grid Co. of Bangladesh Limited 1,731,905 2,004,762
Premier Leasing & Finance Limited 12,800,426 13,236,181
Prime Bank Limited 12,506 11,223
Prime Islami Life Insurance Company Limited 357,126 355,508
Prime Textile Spinning Mills Limited 598,840 300,000
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Pubali Bank Limited 32,877,219 31,232,515

R.N.Spinning Mills Limited 50,171,728 52,019,169
RAK Ceramics (Bangladesh) Limited - 3,046
Rupali Insurance Limited 9,892,089 9,847,950
Shahjalal Islami Bank Limited 17,854,098 18,004,087
Saiham Textile Mills Limited 1,193,306 1,193,306
South East Bank Limited 33,134,063 42,723,519
Square Pharmaceuticals Limited 23,504,006 44,466,343
Square Textiles Limited 36,097,311 36,160,385
Standard Bank Limited 88,057 114,448
Summit Alliance Port Limited 9,173,814 10,515,325
Summit Power Limited 61,407,660 64,153,966
Tallu Spining Mills Limited 366,835 365,191
Titas Gas Transmission & Distribution Co. Limited 90,355,186 93,103,425
Union Capital Limited 2,665,589 2,653,600
Unique Hotel & Resorts Limited 31,553,613 33,649,778
United Airways (BD) Limited 33,362,945 34,216,631
United Commercial Bank Limited - 20,405,951
Uttara Bank Limited 9,018,594 8,120,373
1,297,332,390 1,343,985,544
Un-quoted
Central Depository Bangladesh Limited (CDBL) 3,138,890 3,138,890

Dhaka Vegetable Oil Industries Limited - 7,448,523
Bangladesh Rating Agency Limited 4,165,900 4,165,900
SWIFT 2,843,073 991,199
MSF Asset Management Company 2,000,000 2,000,000
Summit Purbanchal Power Company Limited 3,000,000 7,500,000
Summit Uttaranchal Power Company Limited 2,000,000 5,000,000
Venture Investment Partner Bangladesh Limited 18,000,000 18,000,000
35,147,863 48,244,512
Mutual fund
Green Delta Mutual Fund 24,097,776 24,036,815
NCCBL Mutual Fund-1 47,979,044 50,000,000
MBL 1st Mutual Fund 10,000,000 10,000,000
NCCBL Mutual Fund-1 150,000,000 150,000,000
South East Bank 1st Mutual Fund 30,909,091 30,000,000
Trust Bank 1st. Mutual Fund 1,520,970 2,000,000
NLI 1st Mutual Fund 19,306,045 30,000,000
283,812,926 296,036,815
(Annexure 'B' may kindly be seen for details) 1,616,293,179 1,688,266,871
8 (a ) Consolidated investments
Government securities
NCC Bank Limited (Note-8.1) 20,035,094,753 25,241,572,158
20,035,094,753 25,241,572,158
Other investments
1,490,560,120 1,355,932,902
21,525,654,873 26,597,505,060
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9 Loans and advances
Loans, cash credits, overdrafts etc. (Note-9.1) 101,775,003,921 88,739,476,147

Bills purchased and discounted (Note-9.2) 3,079,721,609 2,181,295,881
104,854,725,530 90,920,772,028
9.1 Loans, cash credits, overdrafts etc.
Inside Bangladesh
Overdraft 16,818,678,489 16,856,594,303
Cash credit 19,387,132,066 16,143,152,430
Loan - general 1,572,206,896 2,168,759,274
Transport loan 339,615,798 319,361,289
House building loan 1,809,787,674 1,395,715,516
Loan against trust receipt (LTR) 11,158,284,051 13,926,443,337
Loan against imported merchandise (LIM) 137,541,692 149,735,453
Temporary business loan 1,004,876,111 -
Loan against investment 430 430
Loan against packing credit 158,198,538 139,474,580
Project loan 52,037,008 159,115,208
Demand loan 1,193,755,224 193,648,228
Lease finance 1,214,686,861 1,332,835,683
Payment against document 420,568,241 503,349,142
Consumer finance scheme 445,696 586,100
Housing loan under B.Bank refinance scheme 22,175,903 25,162,991
Staff loan 593,539,383 657,849,422
Small business loan 738,847,120 786,459,743
House renovation loan 8,295,090 14,418,549
Personal loan scheme 9,942,704 9,294,360
Term loan (small, medium & large) 22,260,819,760 18,350,059,110
Time loan 10,295,243,882 6,171,667,657
Agri credit 1,919,666,267 1,392,328,115
Festival loan 47,017,338 43,601,146
Special housing loan 1,180,654,458 1,057,326,355
Credit card 464,344,875 474,270,325
Forced loan 1,374,966,222 1,876,574,248
Short term loan 6,753,372,699 4,427,728,108
Retail loan 158,720,017 138,480,912
NCCB- Garments wear & foot wear cluster 18,003,371 23,570,921
Loan against EDF 655,101,566 -
Loan against financial inclusion 5,100,608 -
Education loan scheme 1,377,885 1,913,212
101,775,003,921 88,739,476,147
101,775,003,921 88,739,476,147
Outside Bangladesh - -
Conventional banking - -
101,775,003,921 88,739,476,147
9.2 Bills purchased and discounted
Inside Bangladesh
Inland bills purchased 83,656 83,656
Local documentary bills purchased 1,895,200,173 1,749,301,750
1,895,283,829 1,749,385,406
1,895,283,829 1,749,385,406
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Outside Bangladesh Taka Taka
Foreign bills purchased - -
Foreign documentary bills purchased 65,534,673 61,164,694
65,534,673 61,164,694
Off-shore banking unit 1,118,903,107 370,745,781
1,184,437,780 431,910,475
3,079,721,609 2,181,295,881
104,854,725,530 90,920,772,028
9.3 Net loans and advances
Gross loans and advances 104,854,725,530 90,920,772,028

Less: Provision for loans and advances 4,021,340,788 3,426,389,345
Interest suspense 1,719,322,140 1,488,795,712
5,740,662,928 4,915,185,057
99,114,062,602 86,005,586,971
9.4 Residual maturity grouping of loans and advances including
bills purchased and discounted
Repayable on demand 1,193,755,224 2,070,222,476
Up to one month 18,077,140,298 13,440,429,569
Over one month but not more than three months 19,901,578,892 19,536,439,633
Over three months but less than one year 30,853,460,137 26,781,203,143
Over one year but less than five years 29,572,118,562 17,816,400,961
Above five years 5,256,672,418 11,276,076,246
104,854,725,530 90,920,772,028
9.5 Loans and advances including bills purchased and
discounted classified into the following broad categories
In Bangladesh:
Loans 65,569,193,366 55,739,729,414
Cash credit 19,387,132,066 16,143,152,430
Overdraft 16,818,678,489 16,856,594,303
Bills purchased & discounted 1,895,283,829 1,749,385,406
103,670,287,750 90,488,861,553
Outside Bangladesh (Bills purchased & discounted) 1,184,437,780 431,910,475
104,854,725,530 90,920,772,028
9.6 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 133,330,000 135,773,000
II) Advances to chief executive and other senior executives of the Bank 49,721,588 21,201,738
III) Advances to customers' group-wise clients
a) Agricultural loans 2,268,285,983 1,311,652,055
b) Export financing 4,445,859,582 4,584,323,900
c) Import financing 23,866,074,597 18,966,108,325
d) Transport and communication 1,707,223,506 960,070,757
e) Commercial lending 17,893,841,570 15,370,903,296
f ) House building loan 4,697,439,581 4,950,886,449
g) Staff Loans other than chief executive and other senior executives 543,817,796 657,849,422
h) Others including bills purchased and discount 12,880,207,678 12,248,697,477
68,302,750,293 59,050,491,681
IV) Industrial loans (including working capital) 36,368,923,649 31,713,305,609
104,854,725,530 90,920,772,028
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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 13 11

Amount of outstanding advances 22,443,700,000 15,083,700,000
Amount of classified advances - -
Measures taken for recovery - -
(Annexure 'C' may kindly be seen for details)
9.8 Loans and advances on the basis of geographical location wise

Urban
Dhaka Division 64,997,390,138 54,568,129,223
Chittagong Division 25,076,029,182 25,255,747,300
Rajshahi Division 1,127,172,497 1,105,681,646
Rangpur Division 550,006,333 733,341,257
Sylhet Division 1,604,554,924 640,775,049
Khulna Division 2,831,770,940 2,235,019,027
Barisal Division 192,221,842 199,067,389
Mymensingh Division 346,308,257 203,963,317
96,725,454,113 84,941,724,208
Rural
Dhaka Division 2,967,925,600 1,639,730,716
Chittagong Division 3,600,553,203 2,887,408,106
Rajshahi Division 157,109,827 141,171,860
Rangpur Division 466,021,546 494,461,299
Sylhet Division 669,766,550 622,777,056
Khulna Division 116,133,067 89,595,191
Mymensingh Division 151,761,624 103,903,592
8,129,271,417 5,979,047,820
104,854,725,530 90,920,772,028
9.9 Classification of loans and advances
Unclassified standard (including staff loans) 96,510,269,604 81,850,771,101
Unclassified special mention account 934,501,697 2,334,484,568
Sub-standard 236,069,007 442,703,023
Doubtful 604,586,475 678,180,091
Bad/Loss 6,569,298,747 5,614,633,245
104,854,725,530 90,920,772,028
9.10 Particulars of required provision for loans and advances
Status Base for provision Rate (%)
A. General Provision
Un-classified loans and advances 94,797,827,113 * Various 843,125,634 701,866,630
Special mention account 934,502,197 do 8,550,429 19,370,814
95,732,329,310 851,676,063 721,237,444
Off-shore banking unit 1,118,903,107 1.00% 11,189,031 3,707,458
96,851,232,417 862,865,094 724,944,902
* 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.
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Base for provision Rate (%)
B. Specific provision
Sub-standard - general 88,591,973 20 17,718,395 50,950,978
Sub-standard - agri 1,944,986 5 97,249 -
Doubtful 212,365,094 50 106,182,547 188,097,416
Bad/ Loss 3,045,666,534 100 3,045,666,534 2,466,103,507
3,348,368,587 3,169,664,725 2,705,151,901
Off-shore banking unit
Specific provision
Sub-standard - 20 - -
Doubtful - 50 - -
Bad/ Loss - 100 - -
- - -
3,348,568,587 3,169,664,725 2,705,151,901
Required provision for loans and advances 4,032,529,819 3,430,096,803
4,032,529,819 3,430,096,803
Total provision maintained
- -
Excess /(short) provision
Particulars of required provision on off -balance sheet exposure

Base for provision Rate ( 1%)
Acceptance and Endorsements 11,492,348,389 114,923,484 117,717,299
Letter of guarantee 13,769,401,350 137,694,013 113,951,231
Letter of credit 8,988,152,644 89,881,526 108,900,496
Others 3,035,743 30,357 4,646,674
342,529,381 345,215,700
Required provision on off -balance sheet exposure 342,529,381 345,215,700
Total provision maintained (Note-14.6) 345,215,700 345,215,700
Excess/ (short) provision 2,686,319 -
9.11 Particulars of loans and advances

i) Loans considered good in respect of which the bank is fully secured 58,103,127,788 66,768,977,092
ii) Loans considered good against which the bank holds no other security other
than the debtor's personal guarantee 10,765,311,688 7,638,635,352
iii) Loans considered good and secured by the personal security of one
or more parties in addition to the personal guarantee of the debtors 35,986,286,054 16,513,159,584
iv) Loans considered doubtful or bad not provided for - -

104,854,725,530 90,920,772,028
* v) Debts due by directors or officers of the bank or

any of them either severally or jointly with any other persons 593,539,384 657,849,422
* 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 133,330,000 135,773,000
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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 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. 3,045,666,534 2,466,103,507
c) Amount of interest charged in interest suspense account 1,719,322,140 1,488,795,712
xi) Cumulative amount of written off debt
Opening balance 3,884,987,676 2,887,200,735

Add: Amount of debt written off during the year 823,011,680 997,786,941
Closing balance 4,707,999,356 3,884,987,67
Recoveries of amount previously written off loan during the year 14,573,045 11,873,927
xii) Amount of written off debt against which law suit has
been filed for its recovery during the year 823,011,680 997,786,941
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.
a) Payable
In Bangladesh 1,895,283,829 1,749,385,406
Outside Bangladesh 1,184,437,780 431,910,475
3,079,721,609 2,181,295,881
b) Bills purchased & discounted on the basis of the residual maturity grouping
Payable
Within one month 850,422,500 572,113,821
Over one month but less than three months 1,819,997,363 513,501,843
Over three months but less than six months 408,915,855 303,678,000
Over six months 385,891 792,002,217
3,079,721,609 2,181,295,881
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9 (a) Consolidated loans and advances
Loans, cash credits, overdrafts etc.

NCCB Securities and Financial Services Limited. 5,000,937,450 4,607,372,304
106,775,941,371 93,346,848,451
Less : Inter company transactions 1,884,162,092 1,761,631,457
104,891,779,279 91,585,216,994
Bills purchased and discounted

NCCB Securities and Financial Services Limited. - -
3,079,721,609 2,181,295,881
Less : Inter company transactions - -
3,079,721,609 2,181,295,881
107,971,500,888 93,766,512,875
10 Fixed assets including premises, furniture and fixtures
Conventional banking (Note-10.1) 2,628,177,518 2,573,252,105

Off-shore banking unit (Note-10.2) - -
2,628,177,518 2,573,252,105
10.1 Fixed assets including premises, furniture and fixtures
Cost/valuation
Land 451,906,672 451,906,660
Buildings/apartments/structure 1,332,825,665 1,306,341,148
Furniture and fixtures 610,596,227 499,243,637
Machinery and equipment 761,097,047 706,583,454
Computer equipment 381,656,938 328,973,787
Vehicles 123,284,446 98,144,716
Total Cost / valuation 3,661,366,995 3,391,193,402
Less: Accumulated depreciation 1,033,189,478 817,941,297
Net book value at the end of the year 2,628,177,518 2,573,252,105
(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) 2,628,177,518 2,573,252,105

2,641,964,604 2,591,715,651
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11 Other assets

Off-shore banking unit 15,537,425 10,555,062
3,923,467,287 4,077,095,326
11.1 Conventional banking
Income generating other assets
Investment in subsidiaries
In Bangladesh
NCCB Securities and Financial Services Limited 1,999,999,900 1,999,999,900

2,249,999,800 2,249,999,800
Outside Bangladesh

2,249,999,800 2,277,878,708
Non-income generating other assets
Stationery in hand 8,960,384 9,483,941

Stamps in hand 3,309,514 3,170,134
Security deposits 3,865,204 4,825,320
Advance against rent 175,839,604 146,136,367
Commission receivable - 7,656,957
Software 40,817,438 52,168,785
Prepaid expenses 57,200 8,500
ATM adjustment 162,217 162,217
Visa card SBL 786,934 1,855,170
Building construction - 3,000,000
Receivable against sale proceeds of shares 15,169,065 18,469,774
Suspense account (Note-11.2 ) 140,378,949 59,416,347
Interest receivable ( Note 11.3 ) 499,698,497 587,393,866
Dividend receivable (Note-11.4) 9,391,048 6,805,328
Advance corporate tax (Note-11.5) 627,600,170 723,882,869
Others ( Note-11.6 ) 131,893,838 164,225,981
1,657,930,062 1,788,661,556
3,907,929,862 4,066,540,264
11.2 Suspense account
Encashment sanchaypatra awaiting realization 120,273,949 43,356,984

Cash remittance 19,200,000 16,000,000
DD paid without advice 5,000 59,363
Clearing adjustment 900,000 -
140,378,949 59,416,347
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11.3 Interest receivable Taka Taka
On loans and advances 6,358,144 -

On treasury bills/bonds 474,324,610 583,488,803
On subordinate bonds 10,160,076 -
On bank balances/financial institutions/Others 8,855,667 3,905,063
499,698,497 587,393,866
11.4 Dividend receivable
Dividend Receivable from NCCB Securities and Financial Services Limited - -

Dividend receivable from listed companies 9,391,048 6,805,328
9,391,048 6,805,328
11.5 Advance corporate tax
Advance tax at source on treasury bills/ bonds 97,140,517 421,023,052

Advance tax at source on dividend 9,684,346 12,672,950
Advance tax at source on bank interest 8,222,156 2,476,046
Advance income tax deposited by Bank 505,052,988 279,880,646
5% Advance income tax paid on L/C commission 7,500,163 7,830,175
627,600,170 723,882,869
11.6 Others
Advance against TA/DA 284,524 489,481

Legal expenses 891,655 1,286,000
Kushiara Financial Services Ltd.-London - 45,000
Money Gram 5,175,850 9,991,329
Proposed branches expenses - 21,719,616
Prefunding to TMSS 14,807,525 -
Transmit international Inc. USA - 1,904
UAE exchange 29,000 336,678
Sundry debtors 56,934,365 45,310,429
Trans fast remittance LLC 2,426,615 429,723
Protested bill 15,737,491 15,737,491
AFX Fast Remit 935,049 -
Prefunding to Ansar -VDP 7,960,716 9,569,019
Xpress Money 2,967,416 3,184,648
Al-Fardan Exchange Co.L.L.C - 1,979,784
Habib Xpress MT - 100
Placid Express 439,211 868,679
Samso's Express Money Transfer - 15,000
Continental Exchange Solutions (Ria) 2,807,812 379,977
Wall Street 333,519 380,389
Japan Remit Finance Co. Ltd. 718,740 -
Al Zaman Exchange 11,148 -
IME (M) SDN.BHD. 4,264,471 4,239,532
Prefunding to SME Noria - 15,275
NCCB sure cash 300 300
Advance for booking money agt.DSE Tower 850,000 850,000
Western Union 6,549,722 4,712,920
NCCB Exchange (UK) Limited 780,000 26,701,978
NEC Money Transfer Spain 2,437,261 11,693,321
Arab National Bank 96,830 441,595
National Exchange Company S.r.l 3,753,632 813,121
Sigue Global Services Ltd 20,918 2,268,390
Consolidated CMS Br.POS Trx. 449,500 563,500
Others 230,569 200,802
131,893,838 164,225,981
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11(a) Consolidated other Assets Taka Taka

Less: Investment in NCCB Securities and Financial Services Limited (Note-11.1) (1,999,999,900) (1,999,999,900)
Less: Investment in NCCB Capital Limited (Note-11.1) (249,999,900) (249,999,900)
Less: Investment in NCCB Exchange (UK) Limited (Note-11.1) - (33,709,200)
1,673,467,487 1,793,386,326
NCCB Exchange (UK) Limited - 794,603
254,684,785 224,455,130
1,928,152,272 2,017,841,456
Less: Inter company transactions - 3,577,757
1,928,152,272 2,014,263,699
12 Borrowing from other banks, financial institutions and agents

Off-shore banking unit (Note-12.2) 346,319,259 378,096,790
5,565,807,122 4,975,525,649
12.1 Borrowing from other banks, financial institutions and agents

In Bangladesh
Bangladesh Bank 3,458,943,055 3,152,439,590

SME Foundation 25,000,000 25,000,000
Prime Bank Limited 120,000,000 -
Dutch Bangla Bank Limited 400,000,000 -
State Bank of India 370,000,000 150,000,000
Bank Asia Limited 200,000,000 -
Commercial Bank of Ceylon 230,000,000 -
Repo (ALS) with Bangladesh Bank - 1,101,530,000
4,803,943,055 4,428,969,590
Outside Bangladesh
ICICI Bank Ltd., Kolkata - 18,861,995

Standard Chartered Bank, N.Y 289,397,439 -
Standard Chartered Bank, Kolkata - 44,865,481
Wells Fargo Bank , N.A., New York 26,694,108 26,233,574
ICICI Bank Ltd., USA 71,771,611 -
ICICI Bank Ltd., HKK - 33,846,998
Sonali Bank(UK) Limited, London 453,732 -
Sonali Bank Limited, Kolkata - 6,864,714
Mashreqbank Psc,Mumbai 1,359,976 9,408,739
Commerzbank AG, Frankfurt Am Main 6,813,939 -
Mashreq Bank, New York 19,054,003 28,377,768
415,544,808 168,459,269
(Annexure 'E' may kindly be seen for details) 5,219,487,863 4,597,428,859
12.2 Off-shore banking unit 346,319,259 378,096,790
12.3 Security against borrowings from other banks, financial institutions and agents
Secured 4,803,943,055 4,428,969,590

Unsecured 415,544,808 168,459,269
5,219,487,863 4,597,428,859
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Secured 346,319,259 378,096,790

Unsecured - -
346,319,259 378,096,790
5,565,807,122 4,975,525,649
12.4 Borrowings from other banks, financial institutions and agents
(according to remaining maturity grouping) payable
On demand 1,320,000,000 1,710,570,589

In not more than three months 861,448,280 56,415,470
Over three months but less than six months 803,981,958 87,515,470
In more than six months but not more than one year 258,339,802 221,926,457
In more than one year but not more than five years 1,499,495,372 1,010,309,020
Above five Years 822,541,710 1,888,788,643
5,565,807,122 4,975,525,649
12 (a) Consolidated borrowing from other banks, financial institutions and agents

7,449,969,214 6,787,157,106
Less: inter company transactions 1,884,162,092 1,761,631,457
5,565,807,122 5,025,525,649
13 Deposits and other accounts
Current deposits 7,952,109,673 6,573,220,062

Sundry deposits (Note 13.4) 3,166,619,111 2,975,601,379
11,118,728,784 9,548,821,441
Saving deposits 15,519,149,153 12,989,595,636
Fixed deposits 45,151,188,780 45,696,085,137
Term deposits:
Special notice deposits 8,866,436,701 7,107,984,035
Special savings scheme 16,421,286,186 14,814,071,367
Special deposit scheme 4,152,107,661 4,402,728,272
Premium term deposits 6,696,096 274,853,642
Instant earning term deposits - 200,000
Money double program 8,915,650,853 8,272,392,501
Money triple program 607,947,745 550,703,355
NFCD Account-GBP 71,737,019 -
NCCB youngster maximus 8,916,929 7,554,207
39,050,779,190 35,430,487,379
Bills Payable
Payment order (issued) 1,834,621,125 1,954,320,150

Pay slip - -
Demand draft 47,743,343 84,304,367
1,882,364,468 2,038,624,517
112,722,210,375 105,703,614,110
13.1 (a) Demand deposits
Deposit from banks - -

Deposit from customers 14,397,816,676 12,756,509,566
14,397,816,676 12,756,509,566
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b) Other deposits 31.12.2015 31.12.2014
Deposit from banks Taka Taka
In fixed deposits accounts
Premier Bank Ltd. - 312,000,000
- 312,000,000
Deposit from customers 98,324,393,699 92,635,104,544
112,722,210,375 105,703,614,110
13.2 Deposits and other accounts
Conventional banking (Note-13) 112,722,210,375 105,703,614,110

112,722,210,375 105,703,614,110
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 - 312,000,000
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
(b) From other than banks
Payable
On demand 14,553,008,167 10,717,885,048
Within one month 4,808,888,444 5,310,723,350
In more than one month but less than three months 24,312,760,163 23,699,602,570
In more than three months but less than one year 28,548,852,090 23,079,340,830
In more than one year but within five years 32,783,066,757 24,237,651,715
In more than five years but within ten years 7,715,634,754 18,346,410,597
112,722,210,375 105,391,614,110
112,722,210,375 105,703,614,110
13.4 Sundry deposits
Sundry creditors 265,405,306 224,076,530

Clearing adjustment 19,612,807 208,875,395
Margin on letters of guarantee 597,268,396 615,614,878
Margin on letters of credit 918,309,283 807,903,655
Security deposits against locker 37,040,951 47,063,299
Foreign correspondents charge 16,472 16,472
Credit balance in CC, SOD, loan etc. 187,522,930 159,581,701
Collection account 8,977,253 16,978,524
Sanchaypatras 37,079,371 24,065,000
Money gram - 56,146,830
LDBP, export bill/ proceeds 689,004,318 372,931,751
Security deposit receipts 12,102,324 13,374,332
U.A.E. exchange 26,000 26,992,094
Placid express - 353,493
FC, FCY retention quota 19,125,214 102,353,608
Cash risk allowance/fund 32,573,545 40,437,071
Majan exchange - 4,694,973
Three star remittance 439,379 439,379
Fast remit exchange house PTY, Australia - 1,270,865
Advance rent on lease finance 41,343,896 45,112,469
First solution money transfer - 160,230
Al-Fardan exchange Co.L.L.C. 77,353 11,488,173
Habib qatar - 626,752
K.M. financial services, London 120,510 1,172,709
Arab national bank (KSA) 700,388 36,918,295
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Wall street exchange 8,472 7,234,352

Dhaka janata express 1,793,246 1,793,246
Visa credit card & others 3,322,439 2,321,629
Foreign remittance 45,112,539 20,588,996
Retained comm.from remittance 3,437,703 102,766
Provident fund 12,038,032 30,145,090
Credit card deposit A/c. 3,549,930 4,012,414
Alternative cash assistance 89,475 89,475
Zenj exchange 4,000 2,014,496
SMS banking charge 10,858,965 8,848,427
National exchange co. 2,021 161,187
IME(M) SDN.BHD - 15,080,198
Al Zaman exchange - 4,603,945
Transmit international inc. USA - 36,054
Al Mulla international exchange - 2,092,665
Kushiara financial services ltd.-London 60,945 60,945
Samso,s express money transfer 1,157,109 1,157,169
Western union - 3,442,674
AN express UK 513,315 513,315
Japan remit finance co. ltd. - 727,103
NEC money transfer, Spain - 16,088,539
Benevolent fund 2,457,113 1,601,935
Bluestar services 21,783 30,081
NCCB sure cash consolidated 500 500
Sigue global services ltd. 45 1,211,997
Enquiry charge of CIB 3,209,990 1,244,415
GS money transfer bedford, UK 130,860 2,206,285
Trans fast remittance LLCC - 4,934,275
Islamic exchange co. - 2,944,250
Continental exchange solutions (Ria) - 11,590,796
Unclaimed block account balances for 10 years & above 10,850 1,400
Bangladesh Bank bach & clearing charge - 350,917
Internet banking charge 511,334 470,095
Prefunding to TMSS - 7,096,485
Debit card 4,140,700 -
NCCB visa debit card 3,520,972 1,122,500
Vostro account 202,001,316 -
Others 1,919,761 1,032,285
3,166,619,111 2,975,601,379
13 (a) Consolidated deposits and other accounts
Current deposits and other accounts

11,285,647,916 9,580,544,235
10,882,801,448 9,303,413,794
Bills payable
1,882,364,468 2,038,624,517
Savings bank deposits
15,519,149,153 12,989,595,636
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Fixed deposits

45,151,188,780 45,696,085,137
Less: Inter company transactions - -
45,151,188,780 45,696,085,137
Term deposits

39,050,779,190 35,430,487,379
39,050,779,190 35,430,487,379
112,486,283,039 105,458,206,463
14 Other liabilities

Interest payable of off-shore banking unit - -
12,427,296,595 10,231,239,218
Other liabilities
Interest payable 3,783,642,117 2,525,683,096
Excise duty 113,622,426 100,230,352
Special reserve of garments accounts 35,029,090 16,631,458
Liability for expenses 6,315,902 3,700,941
Incentive bonus payable 130,000,000 -
Audit fee payable including VAT 230,000 172,500
Withholding tax payable 102,300,734 185,295,934
Inter branch transaction account 124,362,842 254,763,149
Deduction of VAT on LC commission and service charges 65,725,526 61,313,613
Provision for other assets ( Note-14.2) 26,862,245 23,481,561
Provision for income tax ( Note-14.3) 1,315,257,199 1,123,003,802
Deferred tax liabilities (Note-14.4.1) 462,546,722 516,917,664
Provision for loans and advances (Note -14.5 ) 4,021,340,788 3,426,389,345
Provision on off balance sheet items (Note-14.6) 345,215,700 345,215,700
Interest suspense account (Note-14.8 ) 1,719,322,140 1,488,795,712
Contribution to NCC Bank Foundation (Note-14.9) 25,000,000 25,000,000
Provision for gratuity (Note-14.10) 120,092,129 110,270,549
Reserve for unforeseen loss 19,242,004 16,723,725
Inter bank transaction account - 3,942,659
12,416,107,564 10,227,531,760
14.2 Provision for other assets
Opening balance 23,481,561 23,481,561

Add: Provisions made during the year 3,426,147 -
Less: Adjustment (45,463) -
Closing balance 26,862,245 23,481,561
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14.3 Provision for income tax
Opening balance 1,123,003,802 2,648,380,414
Add: Provision made for current tax 1,006,720,846 749,661,486
Provision for prior years tax (113,459,035) 119,694,168
893,261,811 869,355,654
2,016,265,613 3,517,736,068
Less: Adjustment during the year 701,008,414 2,394,732,266
Closing balance 1,315,257,199 1,123,003,802
Year wise unadjusted balance of provision for income tax

Accounting year Assessment year
2001 2002-2003 837,075 837,075
2003 2004-2005 79,740,525 79,740,525
2010 2011-2012 19,369,164 19,369,164
2011 2012-2013 12,149,862 12,149,862
2013 2014-2015 114,234,364 141,551,522
2014 2015-2016 195,664,398 869,355,654
2015 2016-2017 893,261,811 -
1,315,257,199 1,123,003,802
14.4 Consolidated provision for income tax
Opening balance 1,329,406,690 2,846,903,652
Add : Provision made for NCC Bank Limited 1,006,720,846 749,661,486
Add : Provision made for prior years for NCC Bank Limited (113,459,035) 119,694,168
Add : Provision made for NCCB Securities and Financial Services Limited 1,094,359 7,879,650
Add : Provision made for NCCB Capital Limited - -
894,356,170 877,235,304
Less: Adjustment during the year 701,008,414 2,394,732,266
1,522,754,446 1,329,406,690
14.4.1 Deferred tax
Deferred tax liabilities 2015
As per Taxable temporary
Particulars of liabilities As per tax base
carrying value difference
Revaluation portion of land & building 453,736,611 - 453,736,611
Building/apartments 1,132,131,694 713,261,932 418,869,762
Machinery & equipment 523,471,990 306,538,306 216,933,684
Local software 40,817,438 10,105,671 30,711,767
Accrued interest on Govt. securities 474,324,610 - 474,324,610
Total temporary difference (taxable) 2,624,482,343 1,029,905,909 1,594,576,434
Rate 40% & 4%
Deferred tax liabilities 575,020,364
Deferred tax liabilities 2014

As per Taxable temporary
Particulars of liabilities carrying value As per tax base
difference
Revaluation portion of land & building 457,163,618 - 457,163,618
Building/apartments 1,133,681,906 768,971,455 364,710,451
Machinery & equipment 554,459,779 317,631,495 236,828,284
Local software 22,959,134 12,479,388 10,479,746
Vehicles 29,682,351 28,384,685 1,297,666
Accrued interest on Govt. securities 570,316,782 - 570,316,782
Furniture & Fixture 302,980,451 299,628,488 3,351,963
Total temporary difference taxable 3,071,244,021 1,427,095,511 1,644,148,510
Rate 42.5% & 4%
Deferred tax liabilities 623,300,094
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Opening balance 623,300,094 394,071,688

Add: Provision for revaluation reserve on land & building - 48,405,248
623,300,094 442,476,936
Less: Reverse provision for revaluation on land & building - -
623,300,094 442,476,936
Addition during the year - 180,823,158
623,300,094 623,300,094
Adjustment made during the year 48,279,730 -
Closing balance 575,020,364 623,300,094
Deferred tax assets 2015
As per Deductible temporary
Particulars of assets As per tax base
carrying value difference
Furniture and Fixtures 372,873,900 379,449,214 (6,575,314)
* Vehicles 31,127,435 37,667,748 (6,540,313)
Provision for investment fluctuation in shares (484,456,414) - (484,456,414)
Provision for gratuity (120,092,129) - (120,092,129)
Provision for other assets (26,486,245) - (26,486,245)
Total temporary difference (deductible) (227,033,453) 417,116,962 (644,150,415)
Rate 40% &10%
Deferred tax assets 112,473,642
* Determination of carrying value of vehicles considered as value mentioned in Third Schedule of ITO 1984.
Deferred tax assets 2014

As per Deductible temporary
Particulars of assets carrying value As per tax base
difference
Furniture & fixture (110,270,549) - (110,270,549)
Provision for investment fluctuation in shares (495,377,836) - (495,377,836)
Provision for other assets (23,481,561) - (23,481,561)
Total temporary difference deductible (629,129,946) - (629,129,946)
Rate 42.50% & 10%
Deferred tax assets 106,382,430
Opening balance 106,382,430 55,352,860

Addition during the year - 51,029,570
106,382,430 106,382,430
Adjustment made during the year (6,091,212) -
Closing balance 112,473,642 106,382,430
Net deferred tax (assets)/liabilities 462,546,722 516,917,664

Net deferred tax (income)/ expense charged to P/L (54,370,942) 129,793,588
14.5 Provision for loans and advances
a) Movement in specific provision on classified loans and advances
Opening balance 2,705,151,901 2,663,394,687
Fully provided debt written off (980,392,620) (1,010,025,120)
Add: Recoveries of amount previously written off 14,573,045 11,873,927
Net charged to profit and loss account 1,430,332,399 1,039,908,407
Provision held at the end of the year 3,169,664,725 2,705,151,901
b) Movement in general provision on unclassified loans and advances
Opening balance 721,237,444 668,166,117
Add: Provision made for the year/net charge in profit and loss account 130,438,619 53,071,327
Adjustment during the year - -
851,676,063 721,237,444
Total (a+ b) 4,021,340,788 3,426,389,345
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14.5.1 Consolidated provision for loans and advances charged to profit and loss account Taka Taka
a) Specific provision on classified loans and advances
NCC Bank Limited 1,430,332,399 1,039,908,407
1,440,332,399 1,049,908,407
b) Movement in general provision on unclassified loans and advances
NCC Bank Limited 130,438,619 53,071,327
130,438,619 53,071,327
Total (a+b) 1,570,771,018 1,102,979,734
14.6 Provision on off-balance sheet items
Opening balance 345,215,700 274,615,302
Add: Provision made during the year - 70,600,398
Closing balance 345,215,700 345,215,700
14.7 Provision for Off-shore banking unit

Opening balance 3,707,458 206,965
Add: Provision made for the year/net charge in profit and loss account 7,481,573 3,500,493
Adjustment during the year - -
11,189,031 3,707,458
14.8 Interest suspense account
Opening balance 1,488,795,712 979,431,588
Add: Amount transferred during the year 874,818,462 699,371,390
Less: Amount recovered during the year (475,283,707) (93,844,587)
Less: Amount written off during the year (169,008,327) (96,162,679)
Closing balance 1,719,322,140 1,488,795,712
14.9 Contribution to NCC Bank Foundation (NCCBF)
Opening balance 25,000,000 20,000,000
Add: Contribution during the year 25,000,000 25,000,000
50,000,000 45,000,000
Less: Adjustment during the year 25,000,000 20,000,000
Closing balance 25,000,000 25,000,000
14.10 Provision for gratuity
Opening balance 110,270,549 97,675,715

Less: Adjusted/transferred to Fund (110,270,549) (97,675,715)
Closing balance 120,092,129 110,270,549
14(a) Consolidated other liabilities

13,875,091,028 11,260,060,271
Less: Inter company transactions - 3,577,752
13,875,091,028 11,256,482,519
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15 Share capital
Taka Taka
15.1 Authorized share capital
1,000,000,000 ordinary shares @ of Tk. 10 each 10,000,000,000 10,000,000,000
15.2 Issued, subscribed and fully paid-up capital
39,000,000 Ordinary shares of Tk 10 each issued for cash 390,000,000 390,000,000

699,734,433 Ordinary shares of Tk 10 each issued as bonus 6,997,344,330 6,194,418,880
144,483,570 Ordinary shares of Tk 10 each issued as right share in Cash 1,444,835,700 1,444,835,700
88,321,8003 Ordinary shares of Tk 10 each 8,832,180,030 8,029,254,580
15.3 History of paid-up capital of NCC Bank Limited

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

Local sponsors 258,859,163 29.31 2,588,591,630 2,381,516,570
Financial institutions 103,796,798 11.75 1,037,967,980 825,959,850
Foreign investors 1,595,027 0.18 15,950,270 15,538,090
General shareholder 518,967,015 58.76 5,189,670,150 4,806,240,070
883,218,003 100.00 8,832,180,030 8,029,254,580
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15.5 Range wise shareholdings as on 31 December 2015
Range of holding of shares No. of share holders % of shares holding No. of shares
Less than 5,000 66,167 8.68 76,644,361
5,001 to 10,000 5,134 4.14 36,522,177
10,001 to 20,000 2,527 4.01 35,400,513
20,001 to 30,000 730 2.03 17,959,547
30,001 to 40,000 351 1.39 12,309,243
40,001 to 50,000 204 1.05 9,273,284
50,001 to 100,000 430 3.44 30,394,158
100,001 to 200,000 210 3.27 28,875,937
200,001 to 300,000 67 1.85 16,354,040
300,001 to 400,000 49 1.94 17,143,871
400,001 to 500,000 26 1.33 11,736,260
500,001 to 1,000,000 56 4.53 40,007,769
1,000,001 to 10,000,000 77 26.18 231,247,755
10,000,001 to 100,000,000 17 36.16 319,349,088
Total 76,045 100.00 883,218,003
15.6 Capital to Risk-Weighted Asset Ratio (CRAR) (Solo Basis)
i) Core capital (Tier- i)
a) Common Equity Tier 1
Paid-up capital 8,832,180,030 8,029,254,580

Statutory reserve -(Note-16) 5,224,066,591 4,783,513,367
General reserve -(Note-17) 10,162,348 10,162,348
Surplus in profit & loss account -(Note-19) 1,165,936,113 1,042,173,555
15,232,345,081 13,865,103,850
b) Additional Tier 1 Capital - -
15,232,345,081 13,865,103,850
ii) Supplementary capital (Tier- ii)
General provision on unclassified Loan (Note-14.5(b) 851,676,063 721,237,444

General provision for off-balance sheet exposures (Note-14.6) 345,215,700 345,215,700
General Provision for off-shore banking unit (Note-14.7) 11,189,031 3,707,458
Revaluation reserve on Govt. securities 20,856,792 20,856,792
Assets revaluation reserve 171,301,883 171,301,883
1,400,239,469 1,262,319,277
Less: Regulatory adjustment for assets revaluation 38,431,735 -
1,361,807,734 1,262,319,277
A) Total capital (Tier-i+Tier-ii) 16,594,152,814 15,127,423,127
Total assets including off-balance sheet items 180,622,890,476 169,681,093,516
B) Total risk weighted assets 122,752,603,980 112,720,555,000

(Details computation of RWA shown in Annexure-G)
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
Capital adequacy ratio 13.52% 13.42%
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Capital adequacy ratio
Capital 2015 2014

requirement Required Held Required Held
Tier-I 5.50% 12.41% 5.00% 12.30%
Tier-II 4.50% 1.11% 5.00% 1.12%
Total 10.00% 13.52% 10.00% 13.42%
15.7 Capital Adequacy Ratio (Consolidated Basis)
i) Core capital (Tier- i)
a) Common Equity Tier 1
Paid-up capital 8,832,180,030 8,029,254,580

Statutory reserve (Note-16) 5,224,066,591 4,783,513,367
General reserve (Note-17) 10,162,348 10,162,348
Non-controlling (Minority) interest (Note-15.8) 205 215
Surplus in profit & loss account (Note-19(a) 1,194,919,713 1,046,694,283
15,261,328,887 13,869,624,792
b) Additional Tier 1 Capital - -
15,261,328,887 13,869,624,792
ii) Supplementary capital (Tier- ii)
General provision on unclassified loan (Note-14.5(b)) 851,676,063 721,237,444
General provision for off-balance sheet exposures (Note-14.6) 345,215,700 345,215,700
General Provision for off-shore banking unit (Note-14.7) 11,189,031 3,707,458
Revaluation reserve on Govt. securities 20,856,792 20,856,792
Assets revaluation reserve of total 171,301,883 171,301,883
1,400,239,469 1,262,319,277
Less: Regulatory adjustment for assets revaluation 38,431,735 -
1,361,807,734 1,262,319,277
A) Total capital (Tier-i+Tier-ii) 16,623,136,620 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
(Details computation of RWA shown in Annexure-G)
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
Capital adequacy ratio 13.28% 13.23%
Capital adequacy ratio

Capital 2015 2014
requirement Required Held Required Held
Tier-I 5.50% 12.20% 5.00% 12.13%
Tier-II 4.50% 1.09% 5.00% 1.10%
Total 10.00% 13.28% 10.00% 13.23%
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15.8 Non-controlling (Minority) interest
Share capital 215 215

Profit attributable during the year - -
Adjustment (10) -
Final dividend paid - -
205 215
15.9 Name of the directors and their shareholdings:
Sl. Name of Directors Status with Bank Position as on Position as on

as on 31.12.2015 31.12.2015 31.12.2014
1 Mr. S.M. Abu Mohsin Chairman 17,789,128 16,403,547
2 Mrs. Sohela Hossain Vice Chairman 17,715,472 16,062,961
3 Mr. A.S.M. Mainuddin Monem Director 17,669,257 16,878,750
4 Mr. Md. Abdul Awal Director 18,566,625 16,073,131
5 Mr. Amjadul Ferdous Chowdhury Director 17,680,444 16,171,936
6 Mr. Abdus Salam Director 18,557,753 16,870,685
7 Mr. Yakub Ali Director 17,666,512 16,104,975
8 Alhaj Md. Nurun Newaz Director 18,043,901 16,060,466
9 Mr. Md. Abul Bashar Director 18,568,275 16,880,250
10 Mr. Md. Harunur Rashid Director 19,616,314 17,833,013
11 Mr. Khairul Alam Chaklader Director 44,172,058 20,047,301
12 Mr. Md. Moinuddin Director 23,007,683 20,916,076
13 Mr. K.A.M. Harun Independent Director - -
14 Mr. Md. Amirul Islam FCS, FCA Independent Director - -
249,053,422 206,303,091
16 Statutory reserve
Opening balance 4,783,513,367 4,283,417,675

Adjustment for OBU* 11,703 -
Addition during the year (20% of pre-tax profit) 440,541,521 500,095,692
Closing balance 5,224,066,591 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 10,162,348 10,162,348

Addition during the year - -
Less : Adjusted during the year - -
Closing balance 10,162,348 10,162,348
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18 Other reserves
18.(a) Assets revaluation reserve on land and building
Opening balance 342,603,766 394,523,892

Less : Adjustment for Provision for deferred tax - 48,405,248
342,603,766 346,118,644
Less: Depreciation on revalued amount transferred to retained earnings 3,427,007 3,514,878
339,176,759 342,603,766
Add: Reverse deferred tax on revaluation on land - -
339,176,759 342,603,766
Add: Addition during the year - -
339,176,759 342,603,766
18.(b) Revaluation reserve on Govt. securities (treasury bills & bonds)
Opening balance 41,713,583 4,097,898

Add: Addition during the year 154,237,985 161,515,485
Held to maturity (HTM ) - 8,007,887
Held for trading (HFT) 152,580,807 151,156,851
Treasury bond (RM) 1,657,178 2,350,747
Less: Adjusted during the year (120,474,720) (123,899,800)
Held to maturity (HTM ) - -
Treasury bond (RM) (1,520,310) -
Held for trading (HFT) (118,954,410) (123,899,800)
Closing balance 75,476,848 41,713,583
414,653,607 384,317,349
18.1 Foreign currency translation gain/(loss)
Opening balance (276,637) 2,518
Adjustment for OBU* 2,510 -
Add: Transfer during the year 7,913,698 (279,155)
Closing balance 7,639,571 (276,637)
19 Surplus in profit and loss account
Retained earnings brought forward from previous year ( Note-19.1 ) 239,233,892 37,425,151
Adjustment - -
Profit for the year 1,363,816,734 1,501,329,218
Transfer to statutory reserve (440,541,521) (500,095,692)
Transferred to general reserve - -
Transferred from general reserve - -
1,162,509,106 1,038,658,677
Depreciation on revalued amount of building transferred to retained earnings 3,427,007 3,514,878
1,165,936,113 1,042,173,555
19(a) Consolidated surplus in profit and loss account
Retained earning brought forward from previous year 246,649,345 48,592,899
Profit for the year 1,385,384,882 1,494,682,198
General reserve - -
Interim dividend - -
Transfer to statutory reserve (440,541,521) (500,095,692)
1,191,492,706 1,043,179,405
Less: Non controlling (Minority) interest - -
1,191,492,706 1,043,179,405
Depreciation on revalued amount of building Transferred to retained earnings 3,427,007 3,514,878
1,194,919,713 1,046,694,283
19.1 Retained earnings
Conventional banking 239,463,178 37,593,403
Off-shore banking unit (229,286) (168,252)
239,233,892 37,425,151
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Conventional banking Taka Taka
Opening balance 1,042,402,841 878,753,401

Adjustment for OBU (14,213) -
Bonus share transferred to paid-up capital (802,925,450) (382,345,450)
Cash dividend paid - (458,814,548)
Closing balance 239,463,178 37,593,403
Opening balance (229,286) (168,252)

Adjustment - -
Closing balance (229,286) (168,252)
19.2 Consolidated retained earnings
Opening balance 1,046,694,283 889,752,897

Adjustment for currency translation gain/(loss) and minority interest 2,672,355 -
Adjustment for expenses wrongly charged in NCCB Capital 222,370 -
Adjustment for OBU (14,213) -
Bonus share transferred to paid-up capital (802,925,450) (382,345,450)
Cash dividend paid - (458,814,548)
Closing balance 246,649,345 48,592,899
19.3 Consolidated foreign currency translation gain/(loss)
NCC Bank Limited (Note-18.1) 7,639,571 (276,637)

7,639,571 2,395,709
7,639,571 2,395,709
20 Contingent liabilities
20.1 Acceptances and endorsement 11,492,348,389 11,771,729,896
20.2 Letter of guarantee

Money for which the Bank is contingently
liable in respect of guarantees issued
Directors 111,000 111,000
Government 7,520,931,213 6,337,715,888
Banks and other financial institutions 82,819,000 75,828,866
Others 6,165,540,137 4,981,467,349
Total 13,769,401,350 11,395,123,103
Less: Margin (Note 13.4) 597,268,396 615,614,878
13,172,132,954 10,779,508,225
20.3 Letter of credit issued
Documentary Credit and short-term trade-related transactions 8,988,152,644 10,890,049,609
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 8,988,152,644 10,890,049,609
Less: Margin (Note 13.4) 918,309,283 807,903,655
8,069,843,361 10,082,145,954
20.4 Bills for collection 183,043 295,242,380
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21 Income statement Taka Taka
Income
Interest, discount and similar income (Note-21.1) 13,800,586,943 14,631,734,339

Dividend income (Note-21.2) 47,277,455 61,042,636
Fee, commission and brokerage (Note-21.3) 581,388,815 635,013,672
Gains less losses arising from dealing in securities - -
Gains less losses arising from investment securities - -
Gains less losses arising from dealing in foreign currencies 215,580,019 289,694,773
Income from non-banking assets - -
Other operating income (Note-26) 385,063,468 344,308,980
Profit less losses on interest rate changes - -
15,029,896,700 15,961,794,400
Expenses
Interest, fee and commission (Note-23) 8,056,172,569 9,339,227,961

Losses on loans and advances - -
Administrative expenses (Note-21.4) 2,569,337,166 2,383,473,137
Other operating expenses (Note-36) 300,854,369 344,981,805
Depreciation on banking assets (Note-35) 237,272,455 147,309,634
11,163,636,560 12,214,992,537
3,866,260,140 3,746,801,863
21.1 Interest, discount and similar income
Interest income on loans and advances 11,019,436,273 11,999,643,549

Interest on balances with other banks and financial institutions 126,904,187 20,140,619
Interest on treasury bill 190,180,447 185,091,831
Interest on Reverse Repo (Treasury bills) 17,552,337 1,306,352
Interest on treasury bond (RM) 516,411,741 522,508,680
Gain on sale of shares 35,275,657 39,071,075
Capital gain on sale of treasury bonds 293,552,317 546,140,754
Interest on treasury bond (HTM) 1,352,672,343 1,031,662,646
Interest on treasury bond (HFT) 189,384,095 267,340,300
Interest on zero coupon bonds 209,600 4,627,783
Interest on subordinate bond 29,273,360 -
Others 29,734,586 14,200,750
13,800,586,943 14,631,734,339
21.2 Dividend income
Dividend on shares 47,277,455 61,042,636

Dividend from NCCB Securities and Financial Services Ltd. - -
47,277,455 61,042,636
21.3 Fee, commission and brokerage
Commission 581,388,815 635,013,672

Brokerage - -
581,388,815 635,013,672
21.4 Administrative expenses
Salary and allowances (Note-27) 1,859,154,514 1,738,691,455
Rent, taxes, insurance, electricity etc. (Note-28) 310,958,861 282,504,145
Legal expenses (Note-29) 21,429,011 19,889,646
Postage, stamp and telecommunication (Note-30) 27,954,067 28,109,335
Stationery, printing, advertisement etc. (Note-31) 89,123,218 70,819,994
Managing Director's salary & allowances (Note-32) 8,400,000 9,204,354
Director's fees (Note-33) 2,070,000 1,770,000
Audit fees (Note-34) 230,000 172,500
Repairs & maintenance of bank's assets (Note-35) 250,017,496 232,311,708
2,569,337,166 2,383,473,137
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22 Interest income Taka Taka

11,167,305,804 12,027,009,508
Less: intertransaction between OBU and conventional banking 20,965,344 7,225,340
11,146,340,460 12,019,784,168
Interest on loans and advances
Loan ( General) 123,408,473 252,224,902
Loan against house building 175,363,405 178,797,672
Loan against imported merchandise 10,543,403 14,095,975
Loan against trust receipts 1,639,948,584 2,098,168,575
Loan against packing credit 8,579,424 11,443,599
Demand Loan 91,512,372 27,851,625
SOD against financial obligation 706,237,560 821,895,586
SOD general 1,260,043,590 1,360,733,710
SOD export 19,517,230 30,029,817
Discount -EDF 5,605,376 525,374
C.C. against pledge 8,819,188 12,118,879
C.C. against hypothecation 2,136,432,453 2,315,661,988
C.C. against export 1,772,266 1,334,050
Forced loan 182,541,378 367,539,007
Inland bill purchased - 6,625,944
FDBP & discounted 2,754,635 6,065,590
Payment against documents 56,473,703 72,387,544
Local documentary bills purchased 241,115,300 247,625,209
Transport loan 40,262,329 40,271,219
Lease finance 174,563,159 211,646,902
Small business loan 96,938,190 114,919,778
House renovation loan 1,357,350 3,033,070
Personal loans 1,454,297 1,409,090
Consumers finance scheme 36,023 35,570
Home improvement loan 25,811,863 21,168,268
Short Term Finance (STF) 269,552,496 84,232,124
Agri credit 173,922,757 202,581,623
Festival small business loan 14,381,098 7,996,365
Term loan (small, medium/large) 2,053,539,278 2,088,448,267
Special housing loan 171,094,575 160,751,758
Housing loan under refinance scheme 1,981,359 2,612,114
Staff P.F loan 17,708,161 20,877,479
Staff house building loan 16,495,575 18,575,732
Staff car loan 3,514,363 3,475,457
Credit card 93,096,044 97,657,565
Car loan scheme 8,989,353 7,269,322
Short term loan 386,085,088 437,486,635
Garments & foot wear cluster 1,943,791 777,412
Time loan 752,720,616 638,505,108
OBU 20,965,344 7,227,040
Education loan scheme 251,772 230,882
10,997,333,219 11,996,313,826
Interest on balances with other banks and financial institutions
Fixed deposits 79,508,141 11,785,204
Short term deposits 115,876 25,398
Nostro accounts 10,208,946 3,643,739
Money at call & short notice 37,071,224 3,634,639
Financial institutions - 294,583
Discount on bills purchased - 757,056
126,904,187 20,140,619
11,124,237,406 12,016,454,445
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Taka Taka
22(a) Consolidated interest income

11,338,902,245 12,271,690,058
11,115,978,216 12,002,336,832
23 Interest paid on deposits and borrowings

8,077,137,913 9,346,453,301
Less: intertransaction between OBU and conventional banking 20,965,344 7,225,340
8,056,172,569 9,339,227,961
Interest paid on deposits and borrowings
Savings deposits 509,521,029 474,346,437
Short notice deposits 370,946,202 369,013,097
Fixed deposits 3,626,683,072 4,899,850,029
Special savings scheme 1,688,530,908 1,492,032,979
Special deposit scheme 535,449,419 506,419,804
NCCB youngster maximus & money plant scheme 5,422,517 2,638,224
Discount 2,150 27,777
Borrowings from banks, financial institutions, etc. 127,108,167 283,022,885
REPO agreement with Bangladesh Bank 124,958,975 263,436,901
Wage earners welfare DPS 19,351,412 13,166,872
Premium term deposits 11,336,632 40,145,623
Instant earning term deposits - 31,500
Money double program 964,479,406 949,232,735
Money triple program 70,847,975 45,863,098
Others - -
8,054,637,864 9,339,227,961
23(a) Consolidated interest paid on deposits, borrowings, etc.

8,279,096,598 9,608,581,187
8,056,172,569 9,339,227,961
24 Income from investments
Dividend on shares 47,277,455 61,042,636

Dividend from NCCB Securities and Financial Services Ltd. - -
Interest on treasury bills 190,180,447 185,091,831
Interest on Reverse Repo (Treasury bills) 17,552,337 1,306,352
Interest on treasury bond (RM) 516,411,741 522,508,680
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2015 2014
Taka Taka
Gain on sale of shares 35,275,657 39,071,075
Capital gain on sale of treasury bonds 293,552,317 546,140,754
Interest on treasury bond (HTM) 1,352,672,343 1,031,662,646
Interest on treasury bond (HFT) 189,384,095 267,340,300
Interest on zero coupon bonds 209,600 4,627,783
Interest on subordinate bond 29,273,360 -
Others 29,734,586 14,200,750
2,701,523,938 2,672,992,807
24(a) Consolidated income from investments

NCCB securities and Financial Services Limited 621,209 134,250
2,702,145,147 2,673,127,057
2,702,145,147 2,673,127,057
25 Commission, exchange and brokerage
Commission
Commission on bill purchased 9,142,259 7,564,995
Commission on remittances 52,209,685 17,812,732
Commission on letter of guarantee 188,678,921 153,166,319
Commission on letter of credit 148,365,976 184,706,490
Commission on pur./sale-share/securities 308,580 522,532
Commission on sanchaypatra 3,344,764 3,683,484
Commission on back to back LC. 26,047,371 25,433,804
Letter of credit advising commission & handling charge 7,747,321 36,904,047
Commission on acceptance of BTB L/C 27,941,689 26,015,720
Commission on acceptance ( other than BTB) 89,900,890 109,031,219
Commission - Miscellaneous 7,267,924 6,522,778
Commission on L/C confirmation 50 132,428
Underwriting commission 20,300,868 33,465,835
Commission on instrument cancellation 900 3,150
ATM POS commission - 230
Commission from national prize bonds 121,100 33,000
Money gram/others 10,516 30,014,909
581,388,815 635,013,672
Exchange
Exchange gain net off exchange losses 215,580,019 199,627,853

Exchange gain on defalcation - 90,066,920
215,580,019 289,694,773
Brokerage - -
796,968,834 924,708,445
25(a) Consolidated commission, exchange & brokerage
NCC Bank Limited (Note-25) 796,968,834 924,708,445

NCCB Exchange (UK) Limited 447,500 5,674,031
891,019,632 1,032,555,568
891,019,632 1,032,555,568
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26 Other operating income
Rent locker 4,101,039 3,298,297
Rent godown 631,800 1,751,300
Postage recoveries 5,825,603 7,082,016
Telex, telegram, trunk call, fax.swift etc. recoveries 35,519,014 30,751,676
Incidental charge recoveries 2,135 1,000
Legal charge recoveries 79,025 371,525
Service charges 79,167,617 54,941,399
ATM transaction fees 755,437 828,699
Profit on sale of fixed assets 3,229,850 1,375,396
Risk fund 819,634 5,589,047
Account maintenance fees 88,924,623 82,877,438
Card fees & others 51,221,597 44,815,413
Banking & Clearing Charge 10,305,750 10,854,202
Exchange equalization gain - 26,913
Miscellaneous earnings 90,469,312 83,258,869
Application and processing fees 14,011,031 16,485,790
385,063,468 344,308,980
26(a) Consolidated other operating income
389,527,812 347,721,249
27 Salary & allowances
Basic salary 792,608,543 737,497,408
House rent allowance 280,640,597 264,217,754
Allowances ( Note-27.1) 289,334,463 265,808,178
Bank's contribution to provident fund 66,182,462 62,453,898
Incentive Bonus 187,992,750 181,596,350
Festival Bonus 121,373,050 115,901,450
Gratuity (Note-14.10) 120,092,129 110,270,549
Honorarium 930,520 945,868
1,859,154,514 1,738,691,455
27.1 Allowances
Entertainment allowance 39,733,418 38,094,102
Medical allowance 127,897,508 117,755,721
Washing allowance 1,848,459 1,869,973
Evening banking 520,500 514,950
Casual wages 46,633,262 39,462,670
Other allowance 72,701,316 68,110,762
289,334,463 265,808,178
27(a) Consolidated salary & allowances
1,888,093,481 1,769,143,439
28 Rent, taxes, insurance, electricity etc.
Rent
Office 161,514,637 144,991,820
Clearing house 29,878 39,550
161,544,515 145,031,370
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Taka Taka
Rates and taxes
Rates 1,270,540 545,060
Taxes 3,771,654 18,692,577
5,042,194 19,237,637
Insurance
Cash 7,780,341 5,649,341
Vehicles 1,694,258 1,413,563
Deposits 63,052,355 58,261,862
72,526,954 65,324,766
Electricity
Electricity - office 70,014,615 51,105,232
Electricity - residence 1,830,583 1,805,140
71,845,198 52,910,372
310,958,861 282,504,145
28(a) Consolidated rent, taxes, insurance, electricity etc.
NCCB Capital Limited - 225,196
NCCB Exchange (UK) Limited 1,098,002 4,073,803
323,320,453 298,941,220
323,320,453 298,941,220
29 Legal expenses
Legal charge 17,935,747 17,014,081
Stamp charge 306,720 145,755
Consultancy fee 2,876,544 2,471,810
Credit Rating fee 310,000 258,000
21,429,011 19,889,646
29 (a) Consolidated legal expenses

21,429,011 19,889,646
30 Postage, stamp and telecommunication
Postage 11,059,233 9,261,535

Telex/swift/internet 5,412,836 7,722,548
Telephone -office 7,210,236 7,256,146
Telephone -residence 4,271,762 3,869,106
27,954,067 28,109,335
30(a) Consolidated postage, stamp and telecommunication

NCCB Securities and Financial Services Limited 278,121 682,169
28,232,188 28,791,504
31 Stationery, printing, advertisement etc.
Printing and stationery

Printed stationery 23,756,257 19,792,171
Security stationery 11,389,964 12,143,290
Petty stationery 12,572,128 12,172,110
47,718,349 44,107,571
Publicity and advertisement 41,404,869 26,712,423
89,123,218 70,819,994
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31(a) Consolidated stationery, printing, advertisement etc. Taka Taka

89,762,429 71,317,985
32 Managing Director's salary & allowances
Basic salary 4,800,000 4,612,903

Festival bonus 800,000 800,000
*Incentive bonus 400,000 1,500,000
Entertainment allowance 600,000 505,968
Medical allowance - 234,516
House rent allowance 1,800,000 1,550,967
8,400,000 9,204,354
* 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
33(a) Consolidated Director's fees

2,301,250 1,960,500
34 Audit fees 230,000 172,500
34(a) Consolidated audit fees
NCC Bank Limited (Note-34) 230,000 172,500
NCCB Capital Limited 11,500 5,750
276,000 207,500
35 Repairs, maintenance, amortization and depreciation of banks assets
Repairs & maintenance
Repairs & maintenance of fixed assets 153,182,670 129,896,717

Amortization of software 19,083,301 20,663,887
Renovation & maintenance of premises 77,751,525 81,751,104
250,017,496 232,311,708
Depreciation (Annexure 'D')
Furniture and fixtures 46,243,974 29,531,565

Machinery and equipment 104,166,286 54,667,365
Computer Equipment 39,345,536 32,106,230
Vehicles 16,054,911 13,976,316
Property/ apartments/buildings 31,461,749 17,028,158
237,272,455 147,309,634
487,289,951 379,621,342
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35(a) Consolidated repairs, maintenance, amortization and depreciation of banks assets
493,247,477 388,255,538
36 Other expenses
Conventional banking (Note-36.1) 300,784,944 344,981,805
Off-shore banking unit (Note-36.2) 69,425 -
300,854,369 344,981,805
36.1 Other expenses
Entertainment 20,172,964 20,876,969
Car expenses 48,377,563 46,923,333
Paper and periodicals 1,333,548 1,531,445
Trade subscription 13,227,913 7,100,126
Traveling & conveyance 69,989,127 68,299,607
Cash carrying charges 2,064,029 2,225,715
Liveries and uniform 2,810,827 2,331,838
Water sewerage and gas 6,201,954 5,718,735
Medical charges - 55,722
Laundry and cleaning 1,372,199 1,227,353
Training expenses 3,746,189 3,535,630
Business promotion 11,050,104 13,308,583
Donation 13,527,607 10,358,168
Utility charges 9,403,922 9,313,166
Traveling and haltage (directors ) 1,944,104 1,632,000
Refreshment and dinner ( directors ) 1,389,969 1,148,485
Revaluation/loss on BGTB/T.Bill (HFT) 22,991,438 31,981,588
Welfare and recreation 1,204,675 113,000
Other bank charge 7,126,054 7,670,162
CDBL charge 302,023 261,733
Miscellaneous expenses 1,226,677 1,156,930
Credit card service charge 11,357,295 12,081,822
Sales commission 1,000 62,775
Loss against NCCB Exchange(UK) Limited 44,963,763 -
Loss on defalcation - 90,066,920
Superannuation fund 5,000,000 6,000,000
300,784,944 344,981,805
36.2 Off-shore banking unit 69,425 -
36(a) Consolidated other expenses
325,706,419 370,766,566
Less: Inter company transactions 44,963,763 -
280,742,656 370,766,566
37 Cash received from other operating activities
Other operating income 675,385,934 889,074,338
Exchange earning 215,580,019 199,627,853
890,965,953 1,088,702,191
890,965,953 1,088,702,191
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Taka Taka
37(a) Consolidated cash received from other operating activities
NCC Bank Limited (Note-37) 890,965,953 1,088,702,191
892,949,753 1,092,114,460
38 Cash paid for other operating activities
Expenses for the year 790,707,959 629,159,825
Add: Opening accrued expenses 3,873,441 3,459,056
Less: Closing accrued expenses (6,545,902) (3,873,441)
788,035,498 628,745,440
788,035,498 628,745,440
38(a) Consolidated cash paid for other operating activities
818,878,709 663,334,301
39 Increase/(decrease) of other assets
Closing other assets
Stamps and stamped forms in hand 3,309,514 3,170,134
Advance deposit 3,865,204 4,825,320
Suspense account 140,378,949 59,416,347
Others 2,502,933,556 2,538,433,022
2,835,287,211 2,761,465,131
Opening other assets
Others 2,517,769,135 3,202,676,135
Increase/(decrease) for the year 2,740,801,244 3,399,946,079
94,485,967 (638,480,948)
94,485,967 (638,480,948)
39(a) Increase/(decrease) of consolidated other assets
Closing other assets
Others 235,564,486 270,396,248
567,918,141 493,428,357
Opening other assets
Others 248,632,285 935,433,492
471,664,394 1,132,703,436
Increase/(decrease) for the year 96,253,747 (639,275,079)
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2015 2014
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40 Increase/(decrease) of other liabilities
Closing other liabilities
Interest suspense 1,719,322,140 1,488,795,712
1,843,684,982 1,743,558,861
Opening other liabilities
Interest suspense 1,488,795,712 979,431,588
1,743,558,861 1,233,386,762
Increase/(decrease) for the year 100,126,121 510,172,099
40(a) Increase/(decrease) of consolidated other liabilities
346,021,639 721,332,298
41 Cash and cash equivalents
Cash in hand 1,191,609,017 1,173,484,082
Balance with Bangladesh Bank and Sonali Bank Limited 8,084,998,294 7,438,676,826
Balance with other bank and financial institutions 4,229,382,617 2,407,581,410
Prize bonds 5,612,200 4,586,400
13,511,602,128 11,024,328,718
13,511,602,128 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
13,549,142,817 11,031,141,597
42 Earnings per share (EPS)
Net Profit after tax for the year 1,363,816,734 1,501,329,218
Number of Ordinary share outstanding 883,218,003 883,218,003
Earnings per share (EPS) 1.54 1.70
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 1,385,384,882 1,494,682,198
Number of ordinary share outstanding 883,218,003 883,218,003
Consolidated earnings per share 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.
Page
155
In demand deposit accounts (non interest bearing) with:
2015 2014
Currency Amount in Conversion Amount in Conversion

Name of the Bank Name Amount in Amount in
Foreign rate per Foreign rate per
BDT. BDT.
Currency unit F.C. Currency unit F.C.
Standard Chartered Bank, Singapore SGD 52,733.22 55.50 2,926,931 113,858.84 58.77 6,691,518
Standard Chartered Bank, Tokyo J.YEN 1,719,463.00 0.65 1,120,402 3,329,765.00 0.65 2,153,026
The Bank of Tokyo Mitsubishi UFJ Ltd, Japan J.YEN 1,732,980.00 0.65 1,129,210 3,186,327.00 0.65 2,060,279
Standard Chartered Bank, Kolkata 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 - - - 16,711.32 77.90 1,301,812
Commerzbank AG, Frankfurt Am Main EUR - - - 67,065.06 94.05 6,307,281
United Bank Ltd., Karachi ACU 109,611.25 78.50 8,604,483 35,881.34 77.90 2,795,156
Nepal Bangladesh Bank, Nepal ACU 139,226.62 78.50 10,929,290 189,226.62 77.90 14,740,754
Standard Chartered Bank, London EUR - - - 15,188,355.33 94.05 1,428,422,291
AXIS Bank Kolkata ACU 10,331.15 78.50 810,995 63,005.87 77.90 4,908,157
Bank of Bhutan, Phuentsholing ACU 42,096.47 78.50 3,304,573 5,695.25 77.90 443,660
Standard Chartered Bank, London GBP 418,546.21 116.27 48,662,861 60,432.62 120.39 7,275,664
Habib American Bank, New York(OBU) USD 648,399.56 78.50 50,899,365 67,211.51 77.90 5,235,777
Unicredit Spa, Milan EUR 112,967.91 85.80 9,692,703 675,812.11 94.05 63,558,237
Standard Chartered Bank, Frankfurt EUR 86,613.47 85.80 7,431,479 - - -
The Bank of Scotia, Toronto GBP - - - 4,770.52 120.39 574,337
Sonali Bank, Kolkata ACU 195,171.91 78.50 15,320,995 - - -

Sonali Bank (UK) Limited, London USD 411,572.74 78.50 32,308,460 829,759.50 77.90 64,638,265
Habib Metropolitan Bank ACU 325,377.04 78.50 25,542,098 99,877.80 77.90 7,780,481
235,821,169 1,618,886,696
In demand deposit account ( interest bearing) with :
CITI Bank NA USD 422,786.97 78.50 33,188,777 1,282,073.92 77.90 99,873,558.37
Westpac Banking Corporation, Sydney AUD 21,945.98 57.20 1,255,203 29,501.00 63.30 1,867,458.00
Standard Chartered Bank, New York USD - - - 2,808,302.59 77.90 218,766,772
34,443,980 320,507,788
270,265,149 1,939,394,484
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156
Sl. No. of Quoted rate per Total Market
No Name of Company Face Value Shares Cost value share as on Value as at
31.12.2015 31.12.2015
Quoted
1 AB Bank Limited 10 121,879 6,219,000 20.90 2,547,271
2 Advance Chemical Industries Limited 10 50,000 26,444,239 561.60 28,080,000
3 Agrani Insurance Co. Limited 10 146,107 8,774,040 17.00 2,483,819
4 Al-Arafa Islami Bank Limited 10 2,922,829 71,392,368 14.70 42,965,586
5 Asia Insurance Limited 10 77,339 5,809,122 14.20 1,098,214
6 Asia Pacific General Insurance Limited 10 790,500 30,603,248 16.00 12,648,000
7 Bank Asia Limited 10 1,119,371 24,427,686 16.50 18,469,622
8 Bata Shoe Co. (BD) Limited 10 5,000 3,368,950 1,317.70 6,588,500
9 Bay Leasing & Investment Limited 10 930,584 66,145,144 20.30 18,890,855
10 Bangladesh Auto Cars Limited 10 18,050 223,907 36.00 649,800
11 Beximco Limited 10 66,536 4,872,875 29.00 1,929,544
12 Bangladesh General Insurance Co. 10 110,250 5,392,872 16.60 1,830,150
13 Bangladesh Submarine Cable Company Limited 10 157,850 25,969,818 108.10 17,063,585
14 BSRM Steel Limited 10 69,690 6,002,036 96.30 6,711,147
15 Confidence Cement 10 35,000 5,298,842 86.70 3,034,500
16 Dacca Dyeing & Manufacturing Co. Limited 10 175,159 6,540,520 11.20 1,961,781
17 Dhaka Electric Supply Company Limited 10 1,036,616 72,012,264 51.80 53,696,709
18 Eagle Star Textile Mills Limited 10 254,700 4,227,951 9.90 2,521,530
19 Eastland Insurance Limited 10 203 9,391 19.40 3,938
20 Eastern Bank Limited 10 230,400 9,047,975 28.60 6,589,440
21 Exim Bank Limited 10 9,280 108,325 8.60 79,808
22 Family Textile 10 57,200 1,572,746 10.60 606,320
23 Fareast Life Insurance Co. Limited 10 67,677 6,922,554 62.50 4,229,813
24 First Lease Finance & Investment Limited 10 48,123 1,178,613 11.30 543,790
25 GBP Power Limited 10 152,087 3,960,512 16.20 2,463,809
26 Grameenphone Limited 10 90,000 22,635,437 253.00 22,770,000
27 GPH Ispat Limited 10 127,050 8,112,302 41.10 5,221,755
28 Green Delta Insurance Co. Limited 10 174,765 16,038,868 53.70 9,384,881
29 Investment Corporation Bangladesh 10 100,000 13,779,636 106.90 10,690,000
30 ICB Islamic Bank Limited 10 400,100 2,624,656 4.50 1,800,450
31 IDLC Finance Limited 10 382,406 25,566,544 63.60 24,321,022
32 Islami Bank Bangladesh Limited 10 3,217 102,675 27.80 89,433
33 Jamuna Bank Limited 10 774,650 18,278,045 12.00 9,295,800
34 Jamuna Oil Company Limited 10 195,300 38,446,269 157.10 30,681,630
35 Karnaphuli Insurance Limited 10 163,280 5,789,881 11.80 1,926,704
36 Khulna Power Co. Limited 10 200,000 15,012,113 74.90 14,980,000
37 Lafarge Surma Cement Limited 10 100,000 4,598,238 74.60 7,460,000
38 Lanka Bangla Finance Limited 10 1,392,469 81,920,858 29.00 40,381,601
39 Makson Spinning Mills Limited 10 253,229 6,576,456 7.80 1,975,186
40 Mercantile Bank Limited 10 222,530 4,152,810 10.70 2,381,071
41 Mercantile Insurance Co. Limited 10 591,920 19,321,039 12.60 7,458,192
42 MI Cement Factory Limited 10 4,021 445,948 85.40 343,393
43 MJL Bangladesh Limited 10 52,900 7,264,320 94.30 4,988,470
44 Meghna Petrolium Limited 10 110,193 17,750,513 152.60 16,815,452
45 Navana CNG Limited 10 707,890 53,162,602 49.70 35,182,133
46 National Bank Limited 10 1,104,425 25,531,210 9.40 10,381,595
47 Olympic Industries Limited 10 18,000 2,310,739 259.20 4,665,600
48 Padma Oil Company Limited 10 45,804 10,866,255 184.20 8,437,097
49 Phoenix Finance and Investment Limited 10 160,000 6,168,182 20.90 3,344,000
50 Peoples Leasing & Financial Services Limited 10 668,896 36,134,880 14.30 9,565,213
51 Power Grid Co. Bangladesh Limited 10 27,500 1,731,905 45.90 1,262,250
52 Premier Leasing & Finance Limited 10 390,495 12,800,426 8.30 3,241,109
53 Prime Bank Limited 10 495 12,506 18.10 8,960
54 Prime Islami Life Insurance Company Limited 10 4,540 357,126 39.30 178,422
55 Prime Textile Mills Limited 10 10,000 598,840 16.80 168,000
56 Pubali Bank Limited 10 701,790 32,877,219 21.60 15,158,664
Page
157
Sl. No. of Quoted rate per Total Market
No Name of Company Face Value Shares Cost value share as on Value as at
31.12.2015 31.12.2015
57 R.N. Spinning Mills Limited 10 1,256,500 50,171,728 22.10 27,768,650
58 Rupali Insurance Limited 10 230,491 9,892,089 16.90 3,895,298
59 Saham Textile 10 40,250 1,193,306 14.10 567,525
60 Summit Alliance Port Limited 10 89,579 9,173,814 60.30 5,401,614
61 Shahjalal Islami Bank Limited 10 810,524 17,854,098 13.50 10,942,074
62 South East Bank Limited 10 992,250 33,134,063 17.60 17,463,600
63 Square Textiles Limited 10 397,835 36,097,311 75.50 30,036,543
64 Square Pharmacuticals Limited 10 150,000 23,504,006 253.70 38,055,000
65 Standard Bank Limited 10 5,892 88,057 9.20 54,206
66 Summit Power Limited 10 1,410,749 61,407,660 39.70 56,006,735
67 Tallu Spinning 10 10,725 366,835 17.70 189,833
68 Titas Gas Transmission & Distribution Co. Limited 10 1,059,050 90,355,186 47.40 50,198,970
69 Union Capital Limited 10 57,172 2,665,589 14.50 828,994
70 Unique Hotel & Resorts Limited 10 266,400 31,553,613 50.60 13,479,840
71 United Airways (BD) Limited 10 1,680,448 33,362,945 7.30 12,267,270
72 Uttara Bank Limited 10 153,049 9,018,594 22.70 3,474,212
Total Quoted Share : 1,297,332,389 812,875,975
Un-Quoted
1 Bangladesh Rating Agency Limited 100 41,659 4,165,900 - 4,165,900
2 Central Depository Bangladesh Limited (CDBL) 3.43 1,142,361 3,138,890 - 3,138,890
3 MSF Asset Management Company - 2,000,000 - - 2,000,000
4 Summit Purbanchal Power Company Limited 10 750,000 3,000,000 - 3,000,000
5 Summit Uttaranchal Power Company Limited 10 500,000 2,000,000 - 2,000,000
6 SWIFT 991199 14 2,843,073 - 2,843,073
7 Venture Investment Partner Bangladesh Limited 96.15 187,200 18,000,000 - 18,000,000
Total Unquoted Share : 35,147,863 35,147,863
Mutual Fund
1 Green Delta Mutual Fund 2,540,000 24,097,776 4.70 11,938,000
2 NCCBL Mutual Fund-1 10 6,700,680 47,979,044 5.90 39,534,012
3 MBL 1st Mutual Fund 10 1,000,000 10,000,000 5.70 5,700,000
4 NCCBL Mutual Fund 10 15,000,000 150,000,000 5.90 88,500,000
5 NLI 1st Mutual Fund 10 2,123,665 19,306,045 9.70 20,599,551
6 SEBL 1st Mutual Fund 10 3,300,000 30,909,091 9.20 30,360,000
7 Trust Bank 1st Mutual Fund 10 189,852 1,520,970 4.40 835,349
Total Mutual Fund : 283,812,926 197,466,911
Grand Total : 1,616,293,179 1,045,490,750
Calculation of required provision against investment in shares:

Value
SL. Considered for Required
Particulars Cost Value Remarks
No. maintaining Provision
provision
1 Quoted 1,297,332,389 812,875,975 (484,456,414) Considered Market Value
2 Un-Quoted 35,147,863 35,147,863 -
Considered NAV as per
3 Mutual Fund 283,812,926 334,519,775 - B.B DOS Circular No-10
dated 28 June 2015
Grand Total 1,616,293,179 1,182,543,613 (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
Statement of Large Loan Exposure made during the year 2015
more than 10% of Total Capital of the Bank (Note-9.7)
As on December 31, 2015
(Amount in Crore taka)
Sl. 2015 2014
No Taka Taka
Name of Clients
Outstanding Total Outstanding Total
Funded Non-Funded Amount Funded Non-Funded Amount
1 Doreen Power Generation & Systems Ltd. 376.00 36.65 412.65 166.41 260.07 426.48
2 Max Pre-Stress & Max Automobiles Ltd. 94.93 277.57 372.50 100.13 98.48 198.61
3 Ziri Subader Steel Re-Rolling Mills 142.03 181.48 323.51 44.56 139.94 184.50
4 Abul Khair Steel Industries Ltd. 170.25 138.60 308.85 133.15 193.33 326.48
5 NCCB Securities & Financial Services Limited 188.04 52.00 240.04 176.07 52.00 228.07
6 Sanzi Textile Mills & Allied Concern 167.50 50.45 217.95 - - -
7 Partex Group 191.94 19.26 211.20 190.22 32.43 222.65
8 Saad Musa Home Tex & Clothing Ltd. 151.50 53.53 205.03 145.43 66.17 211.60
9 DAF P.P. Ind. & allied concern 152.74 40.57 193.31 141.28 30.87 172.15
10 BRB Cable Industries Ltd. 150.67 37.76 188.43 - - -
11 City Group 102.82 81.23 184.05 - - -
12 Pran Agro Ltd. 177.34 2.40 179.74 - - -
13 Metro Group (Best Holdings Ltd.) 178.61 - 178.61 159.02 - 159.02
14 BSRM Steel - - - 136.38 113.21 249.59
15 Kabir Steel Re-Rolling Mills Ltd. - - - 115.72 128.87 244.59
Grand -Total 2,244.37 971.50 3,215.87 1,508.37 1,115.37 2,623.74
Page
159
Page
160
Cost/Revaluation Depreciation
Balance (Disposals) / (Disposals)/ Written Down

Additions Balance Balance Charge for the Balance
Particulars adjustments adjustments Value (WDV)
as on 1 January during the year as on 31 December as on 1 January year as on 31 December
2015 during the year during the year as on 31 December
2015 2015 2015
2015
Taka Taka Taka Taka Taka Taka Taka Taka Taka
Furniture & fixture 499,243,637 121,981,748 (10,629,158) 610,596,227 196,263,186 46,243,974 (4,784,833) 237,722,327 372,873,900
Machinery & equipment 706,583,454 61,353,399 (6,839,806) 761,097,047 258,882,007 104,166,286 (5,244,919) 357,803,374 403,293,673
Computer Equipment 328,973,787 52,934,951 (251,800) 381,656,938 222,215,455 39,345,536 (82,370) 261,478,621 120,178,317
Building (Head Office premise on Land - 1) 649,940,689 26,484,529 - 676,425,218 - 14,859,293 - 14,859,293 661,565,925
Land - II - Head Office Premise 335,551,348 335,551,348 - - - 335,551,348
Building /Apartments:
Head Office Premise (with Structure) 24,709,834 - - 24,709,834 323,677 49,096 - 372,773 24,337,061
Dhanmondi Branch 102,852,795 - - 102,852,795 11,110,144 2,276,766 - 13,386,910 89,465,885
Islampur Branch 57,285,235 - - 57,285,235 6,605,526 1,254,493 - 7,860,019 49,425,216
Savar Branch 37,917,348 - - 37,917,348 3,941,034 791,408 - 4,732,442 33,184,906
Bijoynagar Branch 99,979,248 - - 99,979,248 9,713,591 2,236,641 - 11,950,232 88,029,016
Pragoti Sarani Branch 64,779,730 - - 64,779,730 6,902,161 1,446,940 - 8,349,101 56,430,629
Uttara Branch 70,347,200 - - 70,347,200 6,949,658 1,584,939 - 8,534,597 61,812,603
Agrabad Branch 60,682,473 - - 60,682,473 5,904,497 1,369,449 - 7,273,946 53,408,527
Elephant Road Branch 87,386,268 - - 87,386,268 8,235,749 1,929,138 - 10,164,887 77,221,381
Mitford Branch 30,004,115 - - 30,004,115 2,084,065 529,501 - 2,613,566 27,390,549
O. R. Nizam Road Branch 136,811,525 - - 136,811,525 10,348,182 3,134,084 - 13,482,266 123,329,259
Vehicles 98,144,716 37,051,887 (11,912,157) 123,284,446 68,462,365 16,054,911 (11,912,152) 72,605,124 50,679,322
December -2015 Grand total 3,391,193,402 299,806,514 (29,632,921) 3,661,366,995 817,941,297 237,272,455 (22,024,274) 1,033,189,478 2,628,177,518
December -2014 Grand total 2,423,250,441 988,389,851 (20,446,890) 3,391,193,402 686,612,459 147,309,634 (15,980,796) 817,941,297 2,573,252,105
Borrowings from other banks
Financial Institutions and agents.
(Outside Bangladesh) - Note -12.1
As on December 31, 2015
2015 2014
Currency Amount in Conversion Amount in Amount in Conversion Amount in
Name of the Bank Name Foreign rate per BDT. Foreign rate per BDT.
Currency unit F.C. Currency unit F.C.
ICICI Bank Ltd., HKK USD 914,288.04 78.50 71,771,611 428,986.03 78.90 33,846,998
ICICI Bank Ltd., Kolkata ACU - - - 239,062.04 78.90 18,861,995
Mashreq Bank ,Kolkata ACU 17,324.54 78.50 1,359,976 119,248.91 78.90 9,408,739
Sonali Bank (UK) Limited GBP 3,902.52 116.27 453,732 - - -
Sonali Bank,Kolkata ACU - - - 87,005.25 78.90 6,864,714
Commerce Bank AG EUR 79,416.07 85.80 6,813,939 - - -
Mashreq Bank, N.Y USD 242,726.15 78.50 19,054,003 359,667.53 78.90 28,377,768
Wachovia NA USD - - - 332,491.43 78.90 26,233,574
Wells Fargo Bank, N.A USD 340,052.33 78.50 26,694,108 - - -
Standard Chartered Bank, Kolkata ACU - - - 568,637.27 78.90 44,865,481
Standard Chartered Bank, N.Y USD 3,686,591.58 78.50 289,397,439 - - -
415,544,808 168,459,269
Page
161
Page
162
Amount in Taka
Current Tax Tax Liability as Excess/ Advance
Accounting Assessment Provision as Dues/
per Assessment (Shortage) Income (Refund) Remarks
Year Year per accounts Order/Return provision Tax paid
1 2 3 4 5=(3-4) 6 7=(4-6) 8
Up to 2000 - 142,334,958 213,676,031 (71,341,073) 215,471,134 (1,795,103) Assessment Completed
2001 2002-2003 119,081,542 146,692,885 (27,611,343) 139,829,928 6,862,957 Appeal filed to High Court Division
2002 2003-2004 171,702,723 177,842,495 (6,139,772) 177,842,495 - Assessment Completed
2003 2004-2005 255,478,335 86,888,016 168,590,319 159,999,990 (73,111,974) Appeal filed to High Court Division
2004 2005-2006 160,339,772 222,971,622 (62,631,850) 226,708,126 (3,736,504) Assessment Completed
2005 2006-2007 328,285,074 322,779,734 5,505,340 322,779,734 - Assessment Completed
2006 2007-2008 574,346,619 571,101,414 3,245,205 547,620,741 23,480,673 Appeal filed to High Court Division
2008 2009-2010 886,681,988 842,159,000 44,522,988 828,728,119 13,430,881 Appeal filed to High Court Division
2010 2011-2012 1,082,996,677 1,223,524,512 (140,527,835) 1,134,075,103 89,449,409 Appeal filed to High Court Division
2011 2012-2013 1,423,823,445 1,399,623,482 24,199,963 1,405,070,547 (5,447,065) Tribunal order received but revised assessment order yet to receive
2012 2013-2014 1,311,459,496 1,331,302,532 (19,843,036) 1,331,302,532 - Return filed u/s-82BB but assessment order yet to receive.
2013 2014-2015 1,204,981,256 1,063,429,734 141,551,522 1,063,429,734 - Return filed u/s-82BB but assessment order yet to receive.
2014 2015-2016 869,355,654 673,691,256 195,664,398 673,691,256 - Return filed u/s-82BB but assessment order yet to receive.
2015 2016-2017 893,309,270 1,006,768,305 (113,459,035) 593,489,006 - Return to be filed on 15 July 2016
Total 10,863,280,839 10,863,280,839 - 10,356,215,550 93,785,990
Computation of Risk Weighted Assets (RWA)-Solo Basis as on 31 December 2015
Total Risk Weighted Assets (RWA) Figure in Crore taka where applicable
Particulars December 31,2015 December 31,2014

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

Sl. Particulars Bank's Risk Risk
Rating Risk Exposure Weighted
No. Exposure Weighted
Grade Weight Assets Assets
a) Cash 0% 119.16 - 117.35 -
b) Claims on Bangladesh Government and Bangladesh Bank 0% 2,713.41 - 2790.54 -
Claims on other Sovereigns & Central Banks 0% - - - -
c) Claims on Bank for International Settlements International Monetary
Fund and European Central Bank 0% - - - -
d) Claims on Multilateral Development Banks (MDBs) 0% - - - -
i) IBRD, IFC, ADB, AFDB, EBRD, IADB, EIB, EIF, NIB, CDB, CEDB 0% - - - -
ii) Other MDBs 1 20% - - - -
2,3 50% - - - -
4,5 100% - - - -
6 150% - - - -
Unrated 50% - - - -
e) Claims on Public Sector Entities ( other than Government) in Bangladesh 1 20% - - - -
2,3 50% - - - -
4,5 100% - - - -
6 150% - - - -
Unrated 50% - - - -
f) Claims on Banks and NBFIs
i) Original maturity over 3 months 1 20% - - - -
2,3 50% - - - -
4,5 100% - - - -
6 150% - - - -
Unrated 100% 418.94 418.94 68.28 68.28
ii) Original maturity up to 3 months 20% 224.18 44.84 373.17 74.63
g) Claims on Corporate 1 20% 580.66 116.13 410.97 82.19
2 50% 1,608.74 804.37 1432.05 716.03
3,4 100% 1,121.34 1,121.34 981.34 981.34
5,6 150% - - - -
Unrated 125% 855.42 1,069.28 728.10 910.13
h) Claims on SME SME 1 20% - - - -
SME 2 40% 12.39 4.95 33.85 13.54
SME 3 60% 65.01 39.00 300.16 180.10
SME 4 80% 210.60 168.48 - -
SME 5 120% 19.70 23.64 - -
SME 6 150% - - - -
Unrated 75% 741.34 556.00 72.44 54.33
(Small enter-
prise & <BDT
3.00M)
Unrated 100% 2,317.64 2,317.64 2,590.89 2,590.89
(Small enter-
prise having>
BDT 3.00M
& medium
enterprise)
Page
163
SL.
Particulars Risk Risk
No. Bank's Rating Risk
Exposure Weighted Exposure Weighted
i) Claims under Credit Risk Mitigation PSE N/A - - - -
Banks & NBFIs N/A - - - -
Corporate N/A 172.53 15.77 118.94 12.25
Retail & Small N/A 221.21 5.66 242.12 8.11
Cons.Finance N/A - - - -
Res. Property N/A - - - -
Comm. Real estate N/A - - - -
j) Claims categorized as retail portfolio (excluding
SME Consumer Finance & Staff loan) up to 1 crore 75% 380.08 285.06 126.56 94.92
k) Consumer Loan 100% 109.42 109.42 64.81 64.81
l) Claims fully secured by residential property 50% 145.10 72.55 125.36 62.68
m) Claims fully secured by commercial real estate 100% 296.98 296.98 382.65 382.65
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 150% 287.30 430.95 467.68 701.52
Where specific provisions are no less than 20
percent of the outstanding amount of the past due
claim. 100% 120.03 120.03 69.68 69.68
Where specific provisions are more than 50 percent
of the outstanding amount of the past due claim.
50% 38.26 19.13 59.16 29.58
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. 100% 35.84 35.84 35.33 35.33
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 75% 4.09 3.07 4.64 3.48
there-against is more than 20% of outstanding
amount.
o) Capital Market Exposures 125% 188.42 235.52 176.12 220.15
p) Unlisted equity investments and regulatory Capital
instruments issued by other banks ( Other than 125% 257.58 321.98 246.03 307.54
those deducted from capital) held in the banking
q) Investments in venture capital 150% - - - -
r) Investments in premises, plant and equipment and 100% 262.82 262.82 167.62 167.62
s) Claims on all fixed assets under operating lease 100% - - - -
t) All other assets:
i) Claims on GoB & BB 0% 74.79 - 76.72 -
ii) Staff Loans 20% 59.69 11.94 65.78 13.16
iii) Cash items in Process of Collection 20% 0.09 0.02 0 -
iv) Claims on offshore Banking Unit 100% 118.53 118.53 38.33 38.33
iv) Other assets (not specified above) [net of
specific provision if any 100% 88.23 88.23 188.97 188.97
Total 13,869.50 9,118.10 12,555.64 8,072.23
a ii). Risk Weighted Assets for Off-balance sheet exposure
a. Claims on Bangladesh Government and Bangladesh
Bank 0% - - - -
b. Claims on other Sovereigns & Central Banks 0% - - - -
c. Claims on Bank for International Settlements
International Monetary Fund and European Central
Bank 0% - - - -
d. Claims on Multilateral Development Banks (MDBs) 0% - - - -
i) IBRD, IFC, ADB, AFDB, EBRD, IADB, EIB, EIF, NIB,
CDB, CEDB 0% - - - -
ii) Other MDBs 1 20% - - - -
2,3 50% - - - -
4,5 100% - - - -
6 150% - - - -
Unrated 50% - -
Page
164
SL.
e. Claims on Public Sector Entities ( other than 1 20% - - - -
Government) in Bangladesh 1,2 50% - - - -
4,5 100% - - - -
6 150% - - - -
Unrated 50% - - - -
f. Claims on Banks and NBFIs - - - -
2,3 50% - - - -
4,5 100% - - - -
6 150% - - - -
Unrated 100% - - - -
ii) Original maturity less than 3 months 20% - - - -
2 50% 487.23 243.61 694.97 347.49
3,4 100% 408.44 408.44 626.93 626.93
5,6 150% - - - -
Unrated 125% 390.80 488.50 336.19 420.24
SME 2 40% - - - -
SME 3 60% 6.15 3.69 29.69 17.81
SME 4 80% 265.06 212.05 - -
SME 5 120% - - - -
SME 6 150% - - - -
Unrated 75% 108.11 81.09 - -

(Small enter-
prise & <BDT
3.00M)
Unrated 100% 298.36 298.36 - -
(Small enter-
prise having>
BDT 3.00M
& medium
enterprise)
i) Claims against retail portfolio and small & medium
enterprise (excluding consumer loan) 75% - - 264.23 198.18
j) Consumer Loan 100% - - - -
k) Claims fully secured by residential property 50% - - - -
l) Claims fully secured by commercial real estate 100% - - - -
m Investments in venture capital 150% - - - -
n All other assets 100% - - - -
Total 2,434.07 1,829.72 2,217.98 1,663.84
b. Risk Weighted Assets for Market Risk Balance Sheet Exposure
Capital Total Risk Weighted Assets
Charge Capital against Market Risk
Sl. Capital Charge Charge for
Particulars for
No for Specific Risk General Market December December
Market Risk 31,2015 31,2014
A. Interest Rate Related Instruments - 1.23 1.23 12.33 94.10
B. Equities 10.88 10.88 21.76 217.62 231.00
C. Foreign Exchange Position - 1.81 1.81 18.09 193.90
Total (A+B+C) 10.88 13.92 24.80 248.04 519.00
c. Risk Weighted Assets for Operational Risk
Capital Risk Weighted Assets
Average
SL. Charge for against Operational
Year Gross Income Gross
No. Operation December December
Income al Risk 31,2015 31,2014
A. 2013 650.75
B. 2014 723.19 719.60 107.94 1,079.40 1,016.99
C. 2015 784.85
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
Total Risk Weighted Assets (A+B+C) 12,513.52 11,437.54
a. i) Risk Weighted Assets for Credit Risk On Balance Sheet Exposure

SL.
a) Cash 0% 119.16 - 117.35 -
Claims on Bangladesh Government and
b) Bangladesh Bank 0% 2,713.41 - 2,790.54 -
Claims on other Sovereigns & Central Banks
0% - - - -
c) Claims on Bank for International Settlements
International Monetary Fund and European
Central Bank 0% - - - -
d) Claims on Multilateral Development Banks
(MDBs) 0% - - - -
i) IBRD, IFC, ADB, AFDB, EBRD, IADB, EIB,
EIF, NIB, CDB, CEDB 0% - - - -
ii) Other MDBs 1 20% - - - -
2,3 50% - - - -
4,5 100% - - - -
6 150% - - - -
Unrated 50% - - - -
e) Claims on Public Sector Entities ( other than 1 20% - - - -
4,5 100% - - - -
6 150% - - - -
Unrated 50% - - - -
f) Claims on Banks and NBFIs
2,3 50% - - - -
4,5 100% - - - -
6 150% - - - -
Unrated 100% 418.94 418.94 68.28 68.28
ii) Original maturity up to 3 months 20% 263.91 52.78 374.4 74.88
2 50% 1,608.74 804.37 1432.05 716.03
3,4 100% 1,121.34 1,121.34 981.34 981.34
5,6 150% - - - -
Unrated 125% 855.42 1,069.28 728.10 910.13
SME 2 40% 12.39 4.95 33.85 13.54
SME 3 60% 65.01 39.00 300.16 180.10
SME 4 80% 210.60 168.48 - -
SME 5 120% 19.70 23.64 - -
SME 6 150% - - - -
Unrated 75% 741.34 556.00 72.44 54.33
(Small enter-
prise & <BDT
3.00M)
Unrated 100% 2,317.64 2,317.64 2,590.89 2,590.89
(Small enter-
prise having>
BDT 3.00M
& medium
enterprise)
Page
166
SL.
i) Claims under Credit Risk Mitigation PSE N/A - -
Banks & NBFIs N/A - -
Corporate N/A 172.53 15.77 118.94 12.25
Retail & Small N/A 98.24 3.85 242.12 8.11
Cons.Finance N/A 122.97 1.81 - -
Res. Property N/A - - - -
Comm. Real estate N/A - - - -
j)Claims categorized as retail portfolio (excluding SME
Consumer Finance & Staff loan) up to 1 crore 75% 380.08 285.06 126.56 94.92
k) Consumer Loan 100% 109.42 109.42 64.81 64.81
l) Claims fully secured by residential property 50% 145.10 72.55 125.36 62.68
m) Claims fully secured by commercial real estate 100% 296.98 296.98 382.65 382.65
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
150% 287.30 430.95 467.68 701.52
outstanding amount of the past due claim
Where specific provisions are no less than 20 percent of
100% 120.03 120.03 69.68 69.68
the outstanding amount of the past due claim.
Where specific provisions are more than 50 percent of the
50% 38.26 19.13 59.16 29.58
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
100% 35.84 35.84 35.33 35.33
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
75% 4.09 3.07 4.64 3.48
impaired and specific provision held there-against is more
than 20% of outstanding amount.
o)
Capital Market Exposures 125% 500.09 625.12 460.74 575.93
p) Unlisted equity investments and regulatory Capital
instruments issued by other banks ( Other than those
deducted from capital) held in the banking book 125% 34.52 43.15 20.18 25.23
q)
Investments in venture capital 150% - - - -
r) Investments in premises,plant and equipment and all
other fixed assets 100% 264.20 264.20 169.33 169.33
s) Claims on all fixed assets under operating lease 100% - - - -
t) All other assets:
i) Claims on GoB & BB 0% 97.60 - 97.35 -
ii) Staff Loans 20% 59.69 11.94 65.78 13.16
iii) Cash items in Process of Collection 20% 0.09 0.02 - -
iv) Claims on offshore banking Unit 100% 118.53 118.53 38.33 38.33
v) Other assets (not specified above) [net of specific
provision if any 100% 92.44 92.44 190.96 190.96
Total 14,026.26 9,242.41 12,639.97 8,149.63
a ii). Risk Weighted Assets for Off-balance sheet exposure
a. Claims on Bangladesh Government and 0% - - - -

b. Claims on other Sovereigns & Central Banks 0% - - - -
c. Claims on Bank for International Settlements
International Monetary Fund and European
Central Bank 0% - - - -
d. Claims on Multilateral Development Banks
(MDBs) 0% - - - -
i) IBRD, IFC, ADB, AFDB, EBRD, IADB, EIB, EIF,
NIB, CDB, CEDB 0% - - - -
ii) Other MDBs 1 20% - - - -
2,3 50% - - - -
4,5 100% - - - -
6 150% - - - -
Unrated 50% - - - -
e. Claims on Public Sector Entities ( other than 1 20% - - - -
4,5 100% - - - -
6 150% - - - -
Unrated 50% - - - -
Page
167
SL.
Risk Risk
No. Particulars Bank's Rating Risk
Exposure Weighted Exposure Weighte
Grade Weight Assets d Assets
f. Claims on Banks and NBFIs - - - -
2,3 50% - - - -
4,5 100% - - - -
6 150% - - - -
Unrated 100% - - - -
ii) Original maturity less than 3 months 20% - - - -
2 50% 487.23 243.61 694.97 347.49
3,4 100% 408.43 408.43 626.93 626.93
5,6 150% - - - -
Unrated 125% 390.80 488.50 336.19 420.24
SME 2 40% - - - -
SME 3 60% 6.15 3.69 29.69 17.81
SME 4 80% 265.06 212.05 - -
SME 5 120% - - - -
SME 6 150% - - - -
Unrated 75% 108.11 81.09 - -
(Small enter-
prise & <BDT
3.00M)
Unrated 100% 298.37 298.37 - -
(Small enter-
prise having>
BDT 3.00M
& medium
enterprise)
i) Claims against retail portfolio and small &
medium enterprise (excluding consumer 75% - - 264.23 198.17
j) Consumer Loan 100% - - - -
k) Claims fully secured by residential property 50% - - - -
l) Claims fully secured by commercial real estate 100% - - - -
m Investments in venture capital 150% - - - -
n All other assets 100% - - - -
Total 2,434.07 1,829.72 2,217.98 1,663.84
December 31 December 31
2015 2014
Page
168
Status
Sl. Name of the firms/companies in which interested as proprietor, % of
Name of Directors with the
No partner, Director,managing agent, guarantor, employee etc. interest
NCCBL
1 Mr. S.M. Abu Mohsin 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%
2 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%
3 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%
4 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
Status
NCCBL
Mr. Md. Abdul Awal Director Prime Fisheries Industries Ltd, Managing Director 80.00%
Prime Melange Yarn Mills Ltd, Managing Director 12.50%
Prime Knitwears Ltd., Managing Director 60.00%
Prime Information Technology Ltd, Managing Director 50.00%
Prime Group of Industries Ltd, Managing Director 20.00%
Prime Knit Fabrics Ltd, Managing Director 75.00%
Prime Textile Fabrics Ltd, Managing Director 75.00%
Prime Energy Ltd., Managing Director 35.00%
Prime Fine Yarn Mills Ltd, Managing Director 60.00%
Prime Ship Breakers Ltd, Chairman 25.93%
Prime Ship Recycling Ltd, Chairman 15.50%
Prime FSS Ship Breakers Ltd, Chairman 20.00%
Prime Steel Mills Ltd. Managing Director 10.00%
Prime Ship Building Ltd., Managing Director 50.00%
Prime Financial Consultants & Equities Ltd, Chairman 48.29%
5 Alhaj Md. Nurun Newaz Director Royal International, Proprietor 100.00%
Electro Mart Limited, Chairman 17.50%
Trade International Marketing Ltd., Chairman 20.00%
Newaz International Ltd., Managing Director 35.00%
The Royal Bengal Agency, Proprietor 100.00%
Central Insurance Company Limited, Shareholder 2.50%
Electro Appliances Mfg.Industries Limited , Chairman 30.00%
6 Mr. Amjadul Ferdous Chowdhury Director B.S.A. Garments Ind. (Pvt.) Limited, Managing Director 19.00%
B.S.A. Fashion Limited, Managing Director 50.00%
B.S.A. Apparels Limited, Managing Director 25.00%
Vanguard Garments Ltd., Managing Director 50.00%
Vanguard Fashion Ltd., Managing Director 15.00%
Vanguard Dresses Limited, Managing Director 33.00%
Vanguard Packages Limited, Managing Director 33.00%
Vanguard Maritime Limited, Chairman 30.00%
Vanguard Designers Limited, Chairman 40.00%
BSA Shipping Limited, Director 30.00%
Glare Fashion Limited, Managing Director 50.00%
Royal Cement Limited, Chairman 10.00%
Brave Royal Shipping Limited, Managing Director 20.00%
Royal P. P Bags Limited, Chairman 15.00%
Harrods Garments Ltd., Director 25.00%
S.N.Sports Wear Limited, Director 19.00%
Glare Trading, Importer of Ahmed Foods , Proprietor 100.00%
Vanguard Shares & Securities Ltd., Director 6.00%
7 Mr. Abdus Salam Director The Bengal Electric Ltd., Managing Director 70.00%
Multipul Equipment & Engineering Ltd., Managing Director 60.00%
Gangatia Fisheries Ltd., Managing Director 20.00%
Bengal Shipyard Ltd., Managing Director 25.00%
8 Mr. Yakub Ali Director Ali Fashion Limited, Chairman 23.81%
Anowara Apparels Limited, Chairman 22.22%
Anowara Fashions Limited, Chairman 21.83%
Anowara Paper Mills Limited, Chairman 35.00%
Bangladesh Fertilizer & Agro Chemicals Limited, Director 18.35%
Diamond Cement Limited, Chairman 11.56%
Habib Printers and Publisher Limited, Chairman 33.35%
Habib Share & Securities Limited, Chairman & Managing Director 16.67%
Habib Sons, Managing Partner 1:3
Habib Steels Limited, Chairman 33.34%
HG Aviation Limited, Director 8.33%
Legacy Fashion Ware Limited., Chairman 10.60%
Maam Textile Mills Limited, Chairman 16.00%
MTS Re-rolling Mills Limited, Chairman 23.34%
Mudys Navigation Limited, Chairman 35.00%
Noor Garments Limited, Chairman 31.25%
Page
170
Status
NCCBL
Mr. Yakub Ali Director Ocean Merit Pte. Ltd., Director 10.00%
Regent Energy and Power Limited, Chairman 0.02%
Regent Fabrics Limited, Chairman 16.67%
Regent Power Limited, Chairman 13.33%
Regent Spinning Mills Limited., Chairman 1.09%
Regent Textile Mills Limited., Chairman 22.11%
Regent Weaving Limited, Chairman 33.33%
Saims Superior Limited, Chairman 1.00%
Valiant Fashion Ware Limited, Chairman 16.67%
Valiant Garments Limited, Chairman 16.84%
9 Mr. Md. Abul Bashar Director Unique Steel Industries Ltd; Dy. Managing Director 4.17%
Steel Enterprise Ltd; Dy. Managing Director 0.01%
Prime Steel Re-relling Mills Ltd; Dy. Managing Director 0.006%
Jahanabad Ship Breakers Ltd; Managing Director 10.00%
Prime Textile Spinning Mills Ltd;Dy. Managing Director 5.00%
Prime Peoples Property Ltd; Dy. Managing Director 0.20%
Doleswar Iron & Engg. Works Ltd; Dy. Managing Director 3.00%
Prime Trans National Ltd; Dy. Managing Director 0.005%
Prime World Trade Ltd; Dy. Managing Director 2.00%
Prime Super Printing Mills Ltd; Dy. Managing Director 2.00%
Prime Synthetics Yarn Mills Ltd; Dy. Managing Director 2.00%
Prime Dyeing & Finishing Mills Ltd; Dy.Managing Director 2.00%
Prime Blended Yarn Mills Ltd; Dy. Managing Director 0.009%
Prime Weaving Mills Ltd; Dy. Managing Director 2.00%
Prime Composite Mills Ltd; Dy. Managing Director 0.219%
Prime Dairy & Poultry Ind. Ltd; Dy.Managing Director 3.00%
Prime Fisheries Industries Ltd; Dy.Managing Director 3.00%
Prime Melange Yarn Mills Ltd; Dy.Managing Director 1.00%
Prime Knit Wears Ltd; Dy.Managing Director 5.00%
Prime Information Technology Ltd; Dy.Managing Director 25.00%
Prime Group of Industries Ltd; Dy.Managing Director 1.00%
Prime Knit Fabrics Ltd; Dy.Managing Director 5.00%
Prime Textile Fabrics Ltd, Dy.Managing Director 5.00%
Prime Energy Ltd; Dy.Managing Director 5.00%
Prime Fine Yarn Mills Ltd; Dy.Managing Director 5.00%
Prime Steel Mills Ltd; Dy.Managing Director 2.00%
Prime Ship Breakers Ltd, Managing Director 5.19%
Prime Financial Consultants & Equities Ltd, Managing Director 16.46%
Prime Ship Recycling Ltd; Managing Director 10.00%
Prime FSS Ship Breakers Ltd, Managing Director 6.00%
Prime Ship Building Ltd; Dy.Managing Director 8.00%
10 Mr. Md. Harunur Rashid Director Apurba Embroidery, Proprietor 100.00%
HR Bricks, Proprietor 100.00%
Faridgonj Fisheries Ltd; Managing Director 95.00%
NCC Holdings Limited, Managing Director 95.00%
Nazma Construction Company, Proprietor 100.00%
Global Insurance Ltd; Sponsor Shareholders 2.23%
11 Mr. Khairul Alam Chaklader Director Desh Medical College & Hospital, Chairman 50.00%
Desh Diagnostic Center, Chairman 50.00%
Gulshan Point (Pvt) Ltd., Managing Director 30.00%
Gold Vision Industries Ltd., Managing Director 30.00%
Eastern Logistics Ltd., Director 5.00%
Maxwell Electronics, Proprietor 100.00%
12 Mr. Md. Moinuddin Director Janata Real Estate, Managing Director 60.00%
Central Paris, Managing Director 70.00%
Gausia Trading, Proprietor 100.00%
Salam Trading 65.00%
13 Mr Md. Amirul Islam, FCS, FCA Independent Director The Dacca Dyeing & Manufacturing Co. Limited, Independent Director Nil
Hakkani Pulp and Paper Mills Limited, Independent Director Nil
K.M. Hasan & Co. Chartered Accountants, Senior partner Nil
14 Mr. K.A.M. Haroon 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. Nil
Page
171
Page
172
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.
The Significant Related party transactions during the year were as follows: Figure in Lac
Directors Nature of Outstanding Outstanding Total

SL. Name of the Organization relation with Representing Directors
No. Transaction (Funded) (Non-funded) Outstanding
the concern
1 M/S A.Parvez Chowdhury Guarantor Mr. Amjadul Ferdous Chowdhury CC(H) 36.36 - 36.36
FASN Corporation do do SOD(G) 191.15 - 191.15
Amjadul Forhad Chowdhury & allied do do HBL 52.93 - 52.93
2 Mr. Md. Harunur Rashid Self Mr. Md. Harunur Rashid Term Loan 871.14 - 871.14
3 Habib Sons Managing Partner Mr. Yakub Ali CC(H) 0.13 - 0.13
Habib Shares & Securities Ltd. Chairman & Managing Director do SOD(G) 87.68 - 87.68
4 Prime Steel Re-rolling Mills Limited Managing Director Mr. Md. Abdul Awal B/G - 1.11 1.11
5 Shaheedullah & Associates Guarantor Mrs. Sohela Hossain SOD(G) 93.91 - 93.91
Total 1,333.30 1.11 1,334.41
a.(i) Disclosure regarding outstanding repo as on 31 December 2015
Sl. Amount
Counter Party Name Agreement Date Reversal Date
No (1st leg cash consideration)
NIL
a.(ii) Disclosure regarding outstanding reverse repo as on 31 December 2015
Sl. Amount
Counter Party Name Agreement Date Reversal Date
No (1st leg cash consideration)
NIL
b.Disclosure regarding overall transaction of repo and reverse repo.
Minimum Maximum Daily average

Particulars outstanding outstanding outstanding
during the year during the year 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
Securities purchased under repo:
i) from Bangladesh Bank 2,550,000,000 75,835,616
ii) from other banks & FIs 3,391,857,249 166,239,209
Page
173
CONSOLIDATED FINANCIAL HIGHLIGHTS
For the year ended on 31 December 2015
Sl. No Particulars 2015 2014

Taka Taka
1 Paid-up capital 8,832,180,030 8,029,254,580
2 Total capital 16,623,136,620 15,131,944,069
3 Capital surplus/(deficit) 4,109,613,103 3,694,400,069
4 Total assets 147,610,803,254 135,996,552,482
5 Total deposits 112,486,283,039 105,458,206,463
6 Total loans & advances 107,971,500,888 93,766,512,875
7 Total contingent liabilities 34,252,938,126 34,521,569,977
8 Credit deposit ratio* 83.57% 77.41%
9 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 ( %) 9.84% 10.81%
15 Interest earning assets 126,328,237,036 122,718,735,155
16 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 Particulars 2015 2014

Taka Taka
1 Paid-up capital 8,832,180,030 8,029,254,580
2 Total capital 16,594,152,814 15,127,423,127
3 Capital surplus /(deficit) 4,318,892,416 3,855,367,627
4 Total assets 146,369,952,351 135,159,523,539
5 Total deposits 112,722,210,375 105,703,614,110
6 Total loans & advances 104,854,725,530 90,920,772,028
7 Total contingent liabilities 34,252,938,126 34,521,569,977
8 Credit deposit ratio* 83.57% 77.41%
9 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 ( %) 9.84% 10.81%
15 Interest earning assets 125,329,725,882 112,222,257,434
16 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
Financial reporting by segmints
i) Gegraphical Segment Amount in Taka
In Bangladesh Outside Bangladesh

Particulars NCC Bank Limited Off-Shore NCCB Securities Total
NCCB Capital NCCB Exchange
and Financial Services
(Conventional Banking) Banking Units Limited (NCCBSFSL) Limited (UK) Limited
Income 14,986,828,302 43,068,398 291,250,636 - 447,500 15,321,594,836
Less: Inter segmental income 222,924,029 - - - - 222,924,029
Total income 14,763,904,273 43,068,398 291,250,636 - 447,500 15,098,670,806
Operating profit (profit before unallocated expenses and tax) 14,763,904,273 43,068,398 291,250,636 - 447,500 15,098,670,806
Allocated expenses 11,162,101,855 1,534,705 286,085,840 30,880 10,112,025 11,459,865,305
Less: Inter segmental expenses 267,887,792 - - - - 267,887,792
Total expenses 10,894,214,063 1,534,705 286,085,840 30,880 10,112,025 11,191,977,513
Provision against loans and advances and others 1,656,070,964 7,481,573 18,195,005 - - 1,681,747,542
Profit/(loss) before tax 2,213,619,246 34,052,120 (13,030,210) (30,880) (9,664,525) 2,224,945,752
Income tax including deferred tax 900,763,379 - 13,100,602 - - 913,863,981
Net profit after tax 1,312,855,867 34,052,120 (26,130,812) (30,880) (9,664,525) 1,311,081,771
Segment assets 145,235,511,819 1,134,440,532 5,514,157,380 263,701,884 - 152,147,811,614
Less: Inter segmental assets 4,537,008,360 - - - - 4,537,008,360
ii) Business Segment
Total assets 140,698,503,459 1,134,440,532 5,514,157,380 263,701,884 - 147,610,803,254
Segment liabilities & equity 146,012,444,061 357,508,290 5,514,157,380 263,701,884 - 152,147,811,614
Less: Inter segmental liabilities 4,537,008,360 - - - - 4,537,008,360
Total liabilities & equity 141,475,435,701 357,508,290 5,514,157,380 263,701,884 - 147,610,803,254
ii) Business Segment

Conventional Off-Shore Investment Remittance
Particulars Total
Banking Banking Units (NCCBSFSL & NCCBCL) (outside Bangladesh)
Income 14,986,828,302 43,068,398 291,250,636 447,500 15,321,594,836
Less: Inter segmental income 222,924,029 - - - 222,924,029
Total income 14,763,904,273 43,068,398 291,250,636 447,500 15,098,670,806
Operating profit (profit before unallocated expenses and tax) 14,763,904,273 43,068,398 291,250,636 447,500 15,098,670,806
Allocated expenses 11,162,101,855 1,534,705 286,116,720 10,112,025 11,459,865,305
Less: Inter segmental expenses 267,887,792 - - - - 267,887,792
Total expenses 10,894,214,063 1,534,705 286,116,720 - 10,112,025 11,191,977,513
Provision against loans and advances and others 1,656,070,964 7,481,573 18,195,005 - 1,681,747,542
Profit/(Loss) before tax 2,213,619,246 34,052,120 (13,061,090) (9,664,525) 2,224,945,752
Income tax including deferred tax 900,763,379 - 13,100,602 - 913,863,981
Net profit after tax 1,312,855,867 34,052,120 (26,161,692) (9,664,525) 1,311,081,771
Segment assets 145,235,511,819 1,134,440,532 5,777,859,264 - 152,147,811,614
Less: Inter segmental assets 4,537,008,360 - - - 4,537,008,360
Total assets 140,698,503,459 1,134,440,532 5,777,859,264 - 147,610,803,254
Segment liabilities & equity 146,012,444,061 357,508,290 5,777,859,264 - 152,147,811,614
Less: Inter segmental liabilities 4,537,008,360 - - - 4,537,008,360
Total liabilities & equity 141,475,435,701 357,508,290 5,777,859,264 - 147,610,803,254
PROPERTY AND ASSETS Notes 31.12.2015 31.12.2014
USD BDT USD BDT
Cash - - - -
In hand (including foreign currencies) - - - -
Balance with Bangladesh Bank and its agent bank (s) - - - -
Balance with other banks and financial institutions 3 648,400 50,899,365 67,212 5,235,777
In Bangladesh - - - -
Outside Bangladesh 648,400 50,899,365 67,212 5,235,777
Loans and advances 4 14,158,850 1,118,903,107 4,700,422 370,745,781

Loans, cash credits, overdrafts, etc. 4.1 - - - -
Bills purchased & discounted 4.2 14,158,850 1,118,903,107 4,700,422 370,745,781
Fixed assets including premises, furnitures and fixtures 5 - - - -
Other assets 6 197,929 15,537,425 134,631 10,555,063
Non-banking assets - - - -
TOTAL ASSETS 15,005,178 1,185,339,897 4,902,264 386,536,620
Liabilities
Borrowings from other banks, financial
institutions and agents 7 14,697,111 1,153,723,231 4,858,461 383,332,567
Deposits and other accounts 8 - - - -
Current deposits and other accounts - - - -
Bills payable - - - -
Savings bank deposits - - - -
Fixed deposits - - - -
Term deposits - - - -
Other liabilities 9 141,588 11,189,031 47,004 3,707,458
TOTAL LIABILITIES 14,838,700 1,164,912,262 4,905,465 387,040,025
Paid up capital - - - -
Statutory reserve - - - -
General reserve - - - -
Other reserve-assets revaluation reserve - - - -
Revaluation gain/(loss) - - - -
Foreign currency translation gain/(loss) 9.2 7,639,571 (274,119)
Surplus in profit and loss A/C 10 166,479 12,788,064 (3,201) (229,286)
TOTAL SHAREHOLDERS' EQUITY 166,479 20,427,636 (3,201) (503,405)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 15,005,178 1,185,339,897 4,902,264 386,536,620
CONTRA ENTRIES
Off balance sheet items:
Contingent liabilities 11
Acceptances and endorsements - - - -
Letters of guarantee - - - -
Letters of credit issued - - - -
Bills for collection - - - -
Claims against the bank not acknowledged as debt - - - -
Capital commitments - - - -
Export development fund (EDF)
TOTAL OFF BALANCE SHEET ITEMS - - - -
These financial statements should be read in conjunction with the annexed notes.
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Notes 2015 2014
USD BDT USD BDT
Interest income 12 555,220 43,068,398 134,631 10,555,063

Less: Interest paid on deposits and borrowings 13 290,061 22,500,049 92,751 7,225,340
Net interest income 265,159 20,568,349 41,879 3,329,723
Commission, exchange and brokerage 14 - - - -
Total operating income 265,159 20,568,349 41,879 3,329,723
Salary and allowances 15 - - - -
Rent, taxes, insurance, electricity etc. 16 - - - -
Legal expenses 17 - - - -
Postage, stamp, telecommunication etc. 18 - - - -
Stationery, printing, advertisement etc. 19 - - - -
Audit fee 20 - - - -
Depreciation and repair of bank's assets 21 - - - -
Other expenses 22 895 69,425 - -
Total operating expense 895 69,425 - -
Profit before provisions 264,264 20,498,924 41,879 3,329,723
Provision for loans and advances 94,584 7,481,573 44,354 3,500,493
Specific provision - - -
General provision 94,584 7,481,573 44,354 3,500,493
Provision for off-balance sheet exposures - - - -
Provision for gratuity - - - -
Provision for investment fluctuation in shares - - - -
Provision for incentive Bonus - - - -
Provision for other assets - - - -
Total provisions 94,584 7,481,573 44,354 3,500,493
Profit before tax 169,679 13,017,350 (2,475) (170,770)
Provision for tax - - -
Current tax - - - -
Deferred Tax - - - -
Profit after tax 169,679 13,017,350 (2,475) (170,770)
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2015 2014
USD BDT USD BDT
Interest received in cash 491,922 38,086,035 4,152 320,301
Interest paid by cash (290,061) (22,500,049) (94,979) (7,397,192)
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 - - - -
Paid for other operating activities (895) (69,425) - -
Operating profit before changes in operating assets and liabilities 200,965 15,516,561 (90,827) (7,076,891)
Increase/(decrease) in operating Assets & Liabilities
Purchase-sale of trading securities - - - -
Loans and advances to other banks (9,458,428) (748,157,326) (4,435,422) (350,049,281)
Loans and advances to customers ( Other than Banks) - - - -
Other assets
Deposits/ borrowings from other Banks 9,838,650 770,390,663.39 4,593,461 362,638,585
Deposits from customers ( Other than Banks) - - - -
Other liabilities account of customers - - - -
Other liabilities - - - -
Net Cash received from operating activities 581,188 37,749,899 67,212 5,512,413
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 - - - -
Received from issue of loan capital and debt securities - - - -
Payment for redemption of loan capital & debt security - - - -
Dividend paid in cash - - - -
Net cash received from financing activities - - - -
D) Net (decrease) / increase in cash (A+B+C) 581,188 37,749,899 67,212 5,512,413
E) Effects of exchange rate changes on cash and cash-equivalents - 7,913,690 - (276,636)
F) Opening cash and cash-equivalents 67,212 5,235,777 - -
G) Closing cash and cash-equivalents (D+E+F) 648,400 50,899,365 67,212 5,235,777
These financial statements should be read in conjunction with the annexed notes
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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 Off-
shore 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".
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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 2014
USD Taka USD Taka
3 Balance with other Banks and financial institutions :
In Bangladesh - - - -
Outside Bangladesh 648,400 50,899,365 67,212 5,235,777
648,400 50,899,365 67,212 5,235,777
4 Loans and Advances
Loans, cash credits, overdrafts etc.( Note-4.1) - -

Bills purchased and discounted (Note-4.2) 14,158,850 1,118,903,107 4,700,422 370,745,781
14,158,850 1,118,903,107 4,700,422 370,745,781
4.1 Loans, cash credits, overdrafts etc.
Inside Bangladesh: - - - -
Outside Bangladesh: - - - -
- - - -
Inside Bangladesh: - -
Outside Bangladesh: 14,158,850 1,118,903,107 4,700,422 370,745,781
14,158,850 1,118,903,107 4,700,422 370,745,781
5 Fixed assets including premises, furniture and fixtures - - - -
6 Other assets
Interest receivable on loans and advances 197,929 15,537,425 134,630.90 10,555,063
197,929 15,537,425 134,630.90 10,555,063

7 Borrowing from other banks, financial institutions and agents
Demand borrowing 14,697,111 1,153,723,231 4,858,461 383,332,567
8 Deposits and other accounts - - - -
8.1 Bills payable:

9 Other liabilities
Provision for loans and advances (Note-9.1) 141,588 11,189,031 47,004 3,707,458
Interest payable - - - -
141,588 11,189,031 47,004 3,707,458
9.1 Provision for loans and advances
Opening balance 47,004 3,707,458 2,650.00 206,965.00
Provision for loans and advances charged during the year 94,584 7,481,573 44,354.22 3,500,493
Closing balance 141,588 11,189,031 47,004 3,707,458
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2015 2014
USD Taka USD Taka
9.2 Foreign currency translation gain/(loss) 7,639,571 (274,119)
10 Surplus in profit and loss account

Opening balance (3,201) (229,286) (726) (58,516)
Profit/(Loss) during the year 169,679 13,017,350 (2,475) (170,770)
Closing balance 166,479 12,788,064 (3,201) (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
13 Interest paid on deposits and borrowings
Interest on borrowings 290,061 22,500,049 92751 7,225,340
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 895 69,425 - -
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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
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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;
b 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;
c the Companys financial statements dealt with by the report are in agreement with the books of account; and
d the expenditures incurred were for the purpose of the companys business:
Dated, Dhaka SHAFIQ MIZAN RAHMAN & AUGUSTINE

March 29, 2016 Chartered Accountants
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184
Assets
Non-Current Assets
Property, Plant & Equipment 3 13,787,086 16,590,351
Intangibles 4 1,513,673 714,365
Investments 5 19,401,385 19,401,385
34,702,144 36,706,101
Current Assets
Investment in shares 6 56,817,876 9,441,913
Accounts Receivable 7 19,586,911 11,610,509
Advance, Deposit and Prepayments 8 5,489,058 5,030,430
Advance Income Tax 9 222,938,364 201,347,939
Margin Loan to Customer 10 5,000,937,450 4,607,372,304
Cash and cash equivalents 11 181,842,053 9,444,805
Total Current Assets 5,487,611,712 4,844,247,900
Total Assets 5,522,313,857 4,880,954,001
Equity and Liabilities
Ordinary Share Capital 12 2,000,000,000 2,000,000,000

Retained Earnings 13 20,450,002 34,150,218
Equity 2,020,450,002 2,034,150,218
Non Current Liabilities
Current Liabilities
Short Term Loan 14 1,884,162,092 1,811,631,457
Accounts Payable 15 1,217,995,577 653,815,275
Other Liabilities 16 197,365,715 180,110,939
Provision for Income Tax 17 202,340,471 201,246,112
Total Current Liabilities 3,501,863,855 2,846,803,783
Total Liabilities 3,501,863,855 2,846,803,783
Total Equity and Liabilities 5,522,313,857 4,880,954,001
Sd/- Sd/- Sd/-
Company Secretary Chief Executive Officer Chairman
Signed in terms of our separate report of even date annexed

March 29, 2016 CHARTERED ACCOUNTANTS
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185
Operating Revenue:
Brokerage Commission 18 93,603,298 102,185,726
Other Operating revenue 19 4,464,344 3,399,635
98,067,642 105,585,361
Less: Direct Expenses 20 9,071,349 10,757,854
Net Revenue from Operation 88,996,292 94,827,507
Interest on Margin Loan 21 188,489,869 251,601,091
Interest Expense on Short Term Loan 22 222,924,029 269,353,226
Net Interest Income (34,434,160) (17,752,135)
Add: Other Income 23 4,693,122 439,049
Total Revenue 59,255,255 77,514,421
General & Administrative Expenses
Salaries & Allowances 24 28,938,968 30,451,984
Rent, Taxes, Insurance,Electricity etc. 25 11,263,590 12,138,076
Postage, Stamp & Telecommunication 26 278,122 682,169
Stationery,Printing and Advertisement 27 639,212 497,991
Directors' Fees 28 231,250 190,500
Audit Fees 29 34,500 29,250
Depreciation and repair of company's assets 30 4,452,494 4,816,744
Other Expenses 31 8,252,330 7,549,421
54,090,465 56,356,135
Profit/(loss) before Provisions 5,164,790 21,158,286
Provision for investment fluctuation in shares 16.1 7,770,647 -
Provision for unrealized loss in margin loan 16.2 10,000,000 10,000,000
Total Provision 17,770,647 10,000,000
Profit/(loss) before Tax (12,605,857) 11,158,286
Less: Provision for Income Tax 17 1,094,359 7,879,650
Net Profit /(loss) after Tax (13,700,216) 3,278,636
Other Comprehensive Income - -
Total Comprehensive Income (13,700,216) 3,278,636
Earning Per Share of Tk. 100 each (0.69) 0.16
Sd/- Sd/- Sd/-
Dated,Dhaka SHAFIQ MIZAN RAHMAN & AUGUSTINE

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186
A. Cash flows from operating activities:
Brokerage commission received 93,603,298 102,185,726
Interest received on margin loan 188,489,869 251,601,091
Received from operating income 6,055,714 3,704,433
Cash paid to service provider 323,685,852 (89,386,665)
Cash paid for operating activities (50,096,600) (56,557,320)
Interest paid (222,924,029) (269,353,226)
Income taxes paid (21,590,425) (39,259,626)
Net cash from operating activities 317,223,680 (97,065,586)
B. Cash flows from Investing activities:

Fixed assets acquisition (637,578) (1,508,981)
Intangible assets acquisition (1,804,160) -
Sale of proceeds of fixed assets - 51,797
Purchase of shares (198,626,016) (2,980,070)
Sale of shares 153,730,597 -
Dividend received 621,208 134,250
Margin loan to customers (393,565,146) (93,300,065)
C. Cash flows from financing activities:
Loan (payment)/receive 295,454,664 190,143,862
Net cash used in financing activities 295,454,664 190,143,862
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 32,417 631
Cash at Banks 181,809,636 9,444,174
181,842,053 9,444,805
Sd/- Sd/- Sd/-


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187
Particulars Paid up Capital Retained Earnings Total
Balance as on 01 January, 2015 2,000,000,000 34,150,218 2,034,150,218
Net Profit for the year - (13,700,216) (13,700,216)
Balance as on 31 December, 2015 2,000,000,000 20,450,002 2,020,450,002
Balance as on 01 January, 2014 2,000,000,000 30,871,582 2,030,871,582

Net Profit for the year - 3,278,636 3,278,636
Balance as on 31 December, 2014 2,000,000,000 34,150,218 2,034,150,218
Sd/- Sd/- Sd/-
Dated,Dhaka SHAFIQ MIZAN RAHMAN & AUGUSTINE

1 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.
2 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.
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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 Method Rate

Computer & Peripherals Straight Line Method 20%
Office Equipment Reducing Blance Method 10%
Furniture & Fixtures Reducing Blance Method 20%
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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 36,833,580 36,196,002
Less: Accumulated Depreciation 23,046,494 19,605,651
Written Down Value (WDV) 13,787,086 16,590,351
Annexure-O(i) may kindly be seen for details.
4 Intangibles
4.1 Preliminary Expenses
Trade License & TIN Certificate 20,100 20,100
Registration fee 984,225 984,225
Stamp & Share Charges 85,000 85,000
Audit Fee 15,000 15,000
DSE Entrance Fee & Club Member Fee 1,500,000 1,500,000
Stock Broker Registration Fee 40,000 40,000
DSE & CSE Membership and Transfer Fee 1,811,021 1,811,021
4,455,346 4,455,346
Less: Accumulated Amortization 4,455,346 3,935,723
- 519,623
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4.2 Software
Bluechip Software at cost 820,000 820,000
Bluechip Software (MSA) 150,000 150,000
IPO Application Software 100,000 -
X-Broker Software at cost 125,000 75,000
Bluechip Software 200,000 -
Software at cost (Microsoft) 1,454,160 -
2,849,160 1,045,000
Less: Accumulated Amortization 1,335,487 850,258
1,513,673 194,742
Annexure-O(ii) may kindly be seen for details.
1,513,673 714,365
5 Investment in Shares of DSE & CSE
Investment in Shares of Stock Exchanges
Dhaka Stock Exchange Limited (Note:5.1) 400,385 400,385
Chittagong Stock Exchange Limited (Note:5.2) 19,001,000 19,001,000
19,401,385 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 Face Value in Tk Face Value in Tk

40% Ordinary Shares i.e 2,886,042 shares of Tk. 10/-each
credited to BO A/C # 120209005087704 of NCCB Securities and 28,860,420 28,860,420
60% Ordinary Shares i.e 4,329,064 shares of Tk 10/- each

credited to DSE Demutualisation Blocked account maintained 43,290,640 43,290,640
by DSE.
72,151,060 72,151,060
5.2 Investment in shares of Chittagong Stock Exchange Ltd:
Shares Alloted Face Value in Tk Face Value in Tk
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 25,723,980 25,723,980
by DSE.
42,873,300 42,873,300
6 Investment in shares
Investment in shares at market value 48,661,400 9,056,080

Provision for unrealized loss on investment in shares 8,156,477 385,833
Investment in shares at cost 56,817,876 9,441,913
7 Accounts Receivable
Receivable from Dhaka Stock Exchange Limited 1,204,765 2,714,157
Receivable from Chittagong Stock Exchange Limited 11,172,451 8,882,505
Receivable from share trading 7,209,696 -
Interest Receivable on Margin Loan - 13,847
19,586,911 11,610,509
8 Advance, Deposit and Prepayments:
Suspense Account-Sundry debtors 350,000 40,500
Suspense Account-Settlemment of DSE & CSE 387,453 -
Advance against Vendors' 800,000 -
Advance Against Office Rent 3,951,605 4,989,930
5,489,058 5,030,430
Page
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9 Advance Income Tax
Advance Income Tax paid in Cash 172,141,263 162,024,918
Income Tax deducted at source by DSE & CSE 50,244,194 39,183,282
Advance Income Tax deducted at source on Bank Interest 552,907 139,739
222,938,364 201,347,939
Year wise Break up of Advance Income Tax:
Accounting Year Provisional Amount Cash Paid
2011 84,544,924 31,142,098
2012 43,734,860 71,432,796
2013 65,086,678 59,513,420
2014 7,879,650 39,259,626
2015 1,094,359 21,590,425
Total 202,340,471 222,938,364
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
The above margin loans are lying with 10683 number of Investors.
11 Cash and Cash Equivalents:
Cash in hand 32,417 631
Cash at Banks :
Special Notice Deposit Account with:

IFIC Bank Limited,Stock Echange Branch 36,195,296 2,447,626
One Bank Limited,Principal Branch 1,312,976 898,727
NCC Bank Limited,Bhaban Branch (Customer A/C) 144,236,520 -
NCC Bank Limited,Motijheel Main Branch 28,656 291,755
181,773,448 3,638,108
Current Deposit Account with:
Midland Bank Limited,Hemayetpur Branch - 320
NCC Bank Limited,Bhaban Branch (IPO A/C) 36,188 5,805,746
36,188 5,806,066
181,809,636 9,444,174
181,842,053 9,444,805
12 Share Capital
12.1 Authorised Capital
50,000,000 shares @ of Tk. 100 each 5,000,000,000 5,000,000,000
5,000,000,000 5,000,000,000
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:
Number of
Name of Shareholders
shares held
NCC Bank Limited 19,999,999 1,999,999,900 1,999,999,900
Alhaj Md. Nurun Newaz 1 100 100
Total 20,000,000 2,000,000,000 2,000,000,000
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13 Retained Earnings
Balance at the beginning of the year 34,150,218 30,871,582
Add: Net profit during the year (13,700,216) 3,278,636
Balance at the end of the year 20,450,002 34,150,218
14 Short Term Loans

NCC Bank Ltd. Motijheel Main Branch,Dhaka 1,884,162,092 1,761,631,457
Midland Bank Ltd. Hemayetpur Branch,Savar,Dhaka - 50,000,000
1,884,162,092 1,811,631,457
The terms & conditions of above short term Loan is as under:
Particulars Security Rate of Interest Adjustment Period

1. Loan Agreement Within One Year
NCC Bank Limited 12.00% p.a.
2. Usual Charge Documents as per Credit norms from 30.11.2015
3. Board Resolution of the Company.
15 Accounts Payable
Security Deposit received from BO Account holders - 23,102,030
Sundry Creditors 166,919,132 8,620,764
Interest suspense 896,080,138 616,684,620
Payable to CDBL 59,872 107,110
Payable to Chittagong Stock Exchange Limited 603,809 610,667
Payable to Dhaka Stock Exchange Limited 12,014,573 -
Payable to Clients 141,205,891 -
Payable to Suppliers 943,250 1,115,000
IPO Money Deposit - 3,371,000
Payable to Interest expenses 93,276 -
Payable to Auditor 34,500 -
Other Payables 41,137 204,084
1,217,995,577 653,815,275
16 Other Liabilities
Provision for expenses 1,512,758 1,499,810

Provision for unrealized loss in investment in
8,156,477 385,833
shares (Note: 16.1)
Provision for unrealized Loss in Margin Loan (Note-16.2) 178,825,296 168,825,296
Provision for Interest waiver (Note-16.3) 8,871,184 9,400,000
197,365,715 180,110,939
16.1 Provision for Unrealized Loss on Investment in Shares
Balance at the beginning of the year 385,833 385,833
Add: Charged during the year 7,770,644 -
Balance at the end of the year 8,156,477 385,833
16.2 Provision for Unrealized Loss in Margin Loan

Add: Charged during the year 10,000,000 10,000,000
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 (528,816) -
17 Provision for Income Tax

202,340,471 201,246,112
Less: Adjustment during the year - -
Year wise Break up of provision for Income Tax :

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

18 Brokerage Commission
Brokerage Commission-DSE 91,524,409 100,016,978
Brokerage Commission-CSE 2,078,889 2,168,748
93,603,298 102,185,726
19 Other Operating Revenue
Account Opening Fee 186,000 233,500
BO Account Maintenance Fee 1,082,700 1,067,800
Margin Account Opening Fee 4,000 12,000
Account Closing Fee 133,965 273,581
Service Charge income - 14,000
Capital gain on sale of shares (Note: 19.1) 2,480,544 -
Income from IPO 43,950 -
Income from CDBL Charges 533,185 1,798,754
4,464,344 3,399,635
19.1 Capital gain/(loss) on sale of shares-net
Sale price of shares 70,06,162 -
Less: Cost price of shares 45,25,617 -
2,480,544 -
20 Direct Expenses
Howla Charge DSE 1,350 1,114,096
Howla Charge CSE 51,008 40,924
Laga Charge DSE 5,415,545 4,596,073
Laga Charge CSE 87,286 84,929
Investor Protection Fund 16,106 11,922
CDBL Charges 3,500,054 4,909,910
9,071,349 10,757,854
21 Interest Income on Margin Loan 188,489,869 251,601,091
22 Interest Expense on short term loan 222,924,029 269,353,226
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194
23 Other Income
Interest on balance with other Banks 4,071,915 304,799
Dividend on shares 621,208 134,250
4,693,122 439,049
24 Salary and allowances
Basic Salary 15,504,471 14,518,281
House Rent Allowance 4,802,092 4,872,165
Entertainment Allowance 593,340 630,604
Medical Allowance 1,259,329 1,261,798
Conveyance Allowance 818,536 812,501
Washing Allowance 26,400 26,390
Contribution to Provident Fund 1,348,050 1,291,294
Special Allowance 44,000 1,800
Bonus 3,525,250 5,914,650
Casual Wages 1,017,500 1,122,500
28,938,968 30,451,984
25 Rent, Taxes, Insurance, Electricity etc.
Rent Office 9,752,027 10,416,398
Insurance Premium 35,723 7,500
Electricity 1,475,840 1,714,178
11,263,590 12,138,076
26 Postage, Stamp & Telecommunication
Stamp,Postage & Courier 52,392 47,605
Telephone 225,730 634,564
278,122 682,169
27 Stationery, Printing and Advertisement
Printing & Stationery 618,512 484,891
Publicity & Advertisement 20,700 13,100
639,212 497,991
28 Directors' Fees
Directors' Fees 231,250 190,500
231,250 190,500
29 Audit Fees
Statutory annual audit fees (including VAT) 34,500 29,250
34,500 29,250
30 Depreciation and repair of company's assets
Depreciation on Fixed Assets (Annexure-A) 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
31 Other Expenses
Utilities 107,867 118,780
Newspaper & Periodicals 88,904 81,369
Fuel cost for vehicle 81,660 85,753
Liveries & Uniform 61,308 52,292
Travelling expenses 553,412 489,905
Conveyance 75,478 34,511
Entertainment 724,942 609,511
Legal & Professional Fees 107,500 -
3,271,172 3,369,100
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195
Connectivity Charges 3,271,172 3,369,100
Subscription, Renewal & Registration 631,106 240,310
Training, Development & Promotion - 21,000
Car Maintenance 42,834 66,206
Repair & Maintenance 1,462,197 2,046,442
Carrying Charge - 9,500
Photographic charge 1,200 -
Excise Duty 85,500 -
Clearing charge 12,376 -
Mobile Bill Allowance 353,893 -
Bank Charges 37,416 74,742
Software & Development Fees - 250,000
Business Promotion Expenses 159,224 -
LFA Expenses 10,000 -
Service Charges 384,341 -
8,252,330 7,549,421
32 Reconciliation of Cash Flow Statement from
Operating Activities under Indirect Method
Cash flows from operating activities under
indirect method:
Profit/(loss) before provision 5,164,790 21,158,286

Adjustment for non cash items:
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
Sub total of non cash items 4,452,494 4,816,744
Changes in operating assets & liabilities

Changes in accounts receivables (7,976,402) (3,856,030)
Changes in advance, deposit & prepayments (458,628) (5,017,930)
Changes in accounts payable 564,180,302 194,192,766
Changes in others liabilities (522,669) 387,679
Sub total 555,222,602 185,706,485
Capital gain/(loss) on sale of shares in investing activities (2,480,544) -

Dividend income considered in investing activities (621,208) (134,250)
Sub total (3,101,752) (134,250)
Interest paid (222,924,029) (269,353,226)

Income taxes paid (21,590,425) (39,259,626)
Sub total (244,514,453) (308,612,852)
Net cash from operating activities 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.
Sd/- Sd/- Sd/-

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196
Annexure - O(i)
Cost Depreciation
Written Down
Disposal/ Disposal/
Rate of Balance as Balance as at Value (WDV)
Particulars Balance as Addition adjustment Balance as at adjustment
Depreciation 1st January Charged for 31 December as at
1st January During during 31 December during the Year
2015 the Year 2015 31 December 2015
2015 the Year the Year 2015
Computer & Peripherals 14,615,803 295,789 - 14,911,592 20% 9,373,068 2,067,463 - 11,440,531 3,471,062
Office Equipment 7,479,094 341,789 - 7,820,883 20% 4,751,404 560,788 - 5,312,192 2,508,692
Furniture & Fixture 14,101,105 - - 14,101,105 10% 5,474,381 819,391 - 6,293,772 7,807,333
Total 36,196,002 637,578 - 36,833,580 19,598,853 3,447,642 - 23,046,494 13,787,086
Annexure - O(ii)
Cost Depreciation
Written Down
Disposal/ Disposal/
Rate of Balance as Balance as at Value (WDV)
Particulars Balance as Addition adjustment Balance as at
Charged for adjustment
Depreciation 1st January 31 December as at
1st January During during 31 December
2015 the Year during the Year 2015 31 December 2015
2015 the Year the Year 2015
Software 1,045,000 1,804,160 - 2,849,160 20% 850,258 485,229 - 1,335,487 1,513,673
Preliminary Expenses 4,455,346 - - 4,455,346 20% 3,935,723 519,623 - 4,455,346 -
Total 5,500,346 1,804,160 - 7,304,506 4,785,981 1,004,852 - 5,790,833 1,513,673
Annexure - O(iii)
Accounting Assessment Provision for Advance Income Tax Liability as (Short)/Excess Remarks
Year Year Income Tax Tax Paid per Return
2011 2012-2013 84,544,924 69,966,727 69,966,727 14,578,197 Return filed u/s -82BB of ITO 1984
2012 2013-2014 43,734,860 52,811,854 52,811,854 (9,076,994) Return filed u/s -82BB of ITO 1984
2013 2014-2015 65,086,678 59,350,764 59,350,764 5,735,914 Return filed u/s -82BB of ITO 1984
2014 2015-2016 7,879,650 19,340,561 8,034,124 (154,474) Return filed u/s -82BB of ITO 1984
2015 2016-2017 1,094,359 21,590,425 - -
Page
197
Total 202,340,471 223,060,331 190,163,469 11,082,643
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
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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
Hoda Vasi Chowdhury & Co
March 22, 2016
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199
Annexure - P
Particulars
Sources of fund
Share capital 3 250,000,000 250,000,000
Retained earnings 4 8,533,604 8,342,114
258,533,604 258,342,114
Long term liabilities 5 - -
Total Sources of fund 258,533,604 258,342,114
Applications of fund
Non-current assets
Property, plant & equipment 6 - -
Preliminary expenses 7 - -
Current assets
Cash at bank 8 258,545,104 271,032,940
Advance and prepayments 9 5,156,780 4,957,284
263,701,884 275,990,224
Less: Current liabilities
Payable to NCC Bank Limited 10 - 12,465,580
Provision for expenses 11 11,500 25,750
Provision for taxation 12 5,156,780 5,156,780
5,168,280 17,648,110
Net current assets 258,533,604 258,342,114
Total Applications of fund 258,533,604 258,342,114
These financial statements should be read in conjunction with the annexed notes.
Sd/- Sd/- Sd/-

See annexed auditors' report to the shareholders of the date
Sd/-
Dhaka, 22 March 2016 Hoda Vasi Chowdhury & Co
Page
200
Particulars
Operating income 13 - -
Less: Operating expenses 14 - -
Net Income from operation - -
Other income 15 - -
- -
Less: Office & administrative Expenses 16 30,880 252,518
Profit/(Loss) before financial expenses (30,880) (252,518)
Less: Financial expenses 17 - -
Net Profit/ (Loss) before tax (30,880) (252,518)
Less: Provision for income tax 12 - -

Net Profit/(Loss) after tax (30,880) (252,518)
These Financial Statements should be read in conjunction with the annexed notes.
Sd/- Sd/- Sd/-

See annexed auditors' report to the shareholders of the date
Sd/-
Dhaka, 22 March 2016 Hoda Vasi Chowdhury & Co
Page
201
Cash flows from operating activities
Payment for office and administrative expenses (45,130) (11,380)

Income tax paid (199,496) -
Repayment of other liabilities (12,243,210) -
Net Cash generated from /used for operating activities (12,487,836) (11,380)
Cash flows from investing activities - -

Net cash used in investing activities - -
Cash flows from financing activities

Issuance of share capital - -
Net cash received from financing activities - -
Net (decrease) / increase in cash and cash equivalents (12,487,836) (11,380)
Cash and cash equivalents at the beginning of the year 271,032,940 271,044,320
Cash and cash equivalents at the end of the year 258,545,104 271,032,940
Cash at bank 258,545,104 271,032,940
Sd/- Sd/- Sd/-

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202
Retained
Paid up capital earnings/ Total
Particulars (accumulated
losses)
Taka Taka Taka
Opening balance as at 01 January 2015 250,000,000 8,342,114 258,342,114
Prior year adjustment - 222,370 222,370
Re-stated Balance 250,000,000 8,564,484 258,564,484
Share issued - - -
Profit during the year - (30,880) (30,880)
Balance as at 31 December 2015 250,000,000 8,533,604 258,533,604
Opening balance as at 01 January 2014 250,000,000 8,594,632 258,594,632

Share issued - - -
Profit during the year - (252,518) (252,518)
Balance as at 31 December 2014 250,000,000 8,342,114 258,342,114
Sd/- Sd/- Sd/-

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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) 1,000,000,000 1,000,000,000
Issued, subscribed and paid up capital
(2,500,000 shares @ of Tk. 100 each ) 250,000,000 250,000,000
250,000,000 250,000,000
Percentage of shareholdings:
Particulars No of shares
NCC Bank Limited 2,499,999 249,999,900 249,999,900
Mr. Gazi Hassan Mahmood 1 100 100
2,500,000 250,000,000 250,000,000
Retained earnings/(accumulated losses)
Opening balance 8,342,114 8,594,632
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 (30,880) (252,518)
Closing balance 8,533,604 8,342,114
Long term liabilities - -
Property, plant & equipments
At Cost - -
Less: Accumulated depreciation - -
- -
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 258,545,104 271,032,940
( Account No.0028-0210017040)
258,545,104 271,032,940
Advances & prepayments

Advance against office rent - -
Interest receivable on FDR - -
Advance income tax paid 2,817,308 2,617,812
Advance income tax deducted at source on interest of FDR 2,339,472 2,339,472
5,156,780 4,957,284
Payable to NCC Bank Limited :
Registration fees - 819,325
Documentation fees - 126,520
Trade License fee - 13,100
Income Tax paid for obtaining TIN number - 1,000
Payable against advance income tax of the company - 2,617,812
Office rent - 8,098,750
Electricity-office - 704,017
Water & Sewage - 85,056
- 12,465,580
Provision for expenses
Audit Fee 11,500 25,750
11,500 25,750
Provision for income tax
Opening balance 5,156,780 5,156,780
Add: Addition during the period - -
Closing balance 5,156,780 5,156,780
Operating income - -
Operating expenses - -
Other income-interest on FDR - -

Office and administrative expenses
Office rent - 209,000
Electricity-office - 16,196
Water & Sewage - 10,192
Bank charges 16,380 11,380
Audit fees 11,500 5,750
Others 3,000 -
30,880 252,518
Financial expenses - -
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/- Sd/- Sd/-

Page
205
Annexure - Q
Page
206
September December September December
Particulars Note 30,2015 31,2014 30,2015 31,2014
() () (Tk.) (Tk.)
BREAK-UP BASIS:
CURRENT ASSETS
Intangible assets 6 - - -
Tangible assets 7 - 15,559 - 1,873,195
Debtors 8 - 6,600 794,603
Cash at bank and in hand 9 6,500 28,786 780,000 3,465,575
6,500 35,386 780,000 4,260,178
CREDITORSAmounts falling due within one year 10 91,336 2,409 12,034,563 290,046
NET CURRENT LIABILITIES (84,836) 32,977 (11,254,563) 3,970,132
Total current Assets less Current Liabilities (84,836) 48,536 (11,254,563) 5,843,327
Creditors-Amounts falling due after more than one year 11 - 61,743 - 7,433,365
CAPITAL AND RESERVES
Paid-up capital 12 280,000 280,000 33,709,200 33,709,200
Profit and loss account 13 (364,836) (293,207) (44,963,763) (35,299,238)
SHAREHOLDERS' FUNDS (84,836) (13,207) (11,254,563) (1,590,038)
Total Liabilities and Shareholders' Fund (84,836) 48,536 (11,254,563) 5,843,327
September 30, September 30 September 30, September 30

Particulars Notes 2015 ,2014 2015 ,2014
() () Taka Taka
Turnover 3 3,785 34,576 447,500.55 4,441,978.72

Operating cost - - - -
Gross profit 3,785 34,576 447,500.55 4,441,978.72
Expenditures: 4 75,415 101,921 8,921,791.32 13,093,790.87
Administrative expenses 23,323 101,921 2,762,954.16 13,093,790.87
Closure expenditure including imparment loss 52,092 - 6,158,837.16 -
Loss on Ordinary activities before Tax (71,630) (67,345) (8,474,290.77) (8,651,812)
Tax on loss on ordinary activities - - - -
Loss on Ordinary activities after Tax (71,630) (67,345) (8,474,290.77) (8,651,812)
Exchange difference on translation (1,190,234.23) 179,546.00
Loss for the financial year (71,630) (67,345) (9,664,525.00) (8,472,266.15)
Online
Banking
Dinajpur
Facilitating real time online banking
connecting all 104 Branches
BARISAL
SATKHIRA
Dhaka Division 43 Nos.

Chittagong Division 39 Nos.
Rajshahi Division 04 Nos.
Khulna Division 04 Nos.
Sylhet Division 09 Nos.
Rangpur Division 04 Nos.
Barisal Division 01 Nos.
Page
207
Agrabad Branch
Equity Centrium, 1532

O.R. Nizam Road, Chittagong
Page
208
Jahangir Tower
10, Kazi Nazrul Islam Avenue
Monjuri Plaza (1st Floor) Kawranbazar C/A, Dhaka
8/9, G.L. Roy Road, Rangpur
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

HOME IMPROVEMENT LOAN HOUSE BUILDING FINANCE
NCC Bank NCC Bank

AGRICULTURE LOAN 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 handed over twenty thousand Blankets to

NCC Bank donated Tk. 50 lac to Honorable Prime Ministers Honorable Prime Minister to aid the cold-hit people
Relief & Welfare Fund as part of its CSR activities . during last winter season .
NCC Bank donated TK. 15 lac to Dhaka North City Corporation Signing ceremony of agreement with Bangladesh Bank
for Implementation of CCTV Surveillance Project in the City. for Long Term Financing under Financial Sector Support Project (FSSP).
Signing ceremony of agreement with Merchantrade Asia NCC Bank has been awarded by Centre for NRB in 2015
to accelerate Foreign Remittance from Malaysia. 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.
Orientation Course for MTO

Blanket Distribution at Brahmanbaria
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) Signature of the member (shareholder) must be in accordance with specimen signature registered with the company/Depository
participant (s).
ii) 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 Signature of the Member(s)
Important : (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.

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Executive Committee Disclosure on Risk

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Page Page Economic Value Added Page Report of the Managing

Page Auditors Report &

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Dear Sir (s):

With best regards,

A.K.M. Nazmul Haider

NOTICE OF THE 31ST ANNUAL GENERAL MEETING

By order of the Board of Directors,

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

NCCB Capital NCCB Securities and

1985 1993 1999 2005

1988 1997 2000

2007 2011 2014

2006 2010 2013 2015

MR. K.A.M. HAROON MR. GOLAM HAFIZ AHMED

VICE CHAIRMAN : MRS. SOHELA HOSSAIN

CHAIRMAN : ALHAJ MD. NURUN NEWAZ

CHAIRMAN : MR. MD. AMIRUL ISLAM, FCS, FCA

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

MANAGING DIRECTOR & CEO : MR. GOLAM HAFIZ AHMED

COMPANY SECRETARY (c.c.) : A.K.M. NAZMUL HAIDER

CHIEF FINANCIAL OFFICER : MR. MOHAMMED MIZANUR RAHMAN FCA

STATUTORY AUDITORS : ACNABIN

LEGAL ADVISOR : Barrister Khan Mohammad Shameem Aziz

CREDIT RATING AGENCY : Alpha Credit Rating Limited

CORPORATE GOVERNANCE CERTIFICATE ISSUER: MABS & J PARTNERS

REGISTERED OFFICE : NCC Bank Bhaban

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

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

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

Mr. Md. Harunur Rashid is Masters in Arts. He was a Member

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

Mr. Md. Moinuddin is a qualified pilot serving in a reputed

Mr. K. A. M. Haroon is a Science graduate. He is an Independent

MR. MD. ABUL BASHAR MR. MD. HARUNUR RASHID

MR. KHAIRUL ALAM CHAKLADER MR. K.A.M. HAROON

MR. S.M. ABU MOHSIN ALHAJ MD. NURUN NEWAZ

MR. ABDUS SALAM MR. MD. ABUL BASHAR

SR. EXECUTIVE VICE PRESIDENT

With this, I declare this Annual General Meeting open.

S.M. Abu Mohsin

Golam Hafiz Ahmed

Particulars 2011 2012 2013 2014 2015

Particulars 2011 2012 2013 2014 2015

Distribution of Value Added

To Employees as Salaries & Allowances 1,867,554,514 43.11% 1,747,895,809 39.54%

4,332,534,572 100.00% 4,420,683,903 100.00%

Distribution of Value Added-2015 Distribution of Value Added-2014

Shareholders' Equity 15,654,638,259 14,249,144,562

Average Shareholders' Equity 14,951,891,411 13,733,420,327

For the year ended December 31, 2015

1.0 Scope of Application

NCCB Capital Limited (NCCBCL)

NCCB Capital Limited (NCCBCL) is a Subsidiary Company of NCCBL incorporated as a

NCCB Exchange (UK) Limited

2. Tier 2 Capital (gone-concern capital)

BDT in Crore (where applicable)