NCC Bank–BIDA Sign Investment MoU

NCC Bank PLC has signed a Memorandum of Understanding (MoU) with the Bangladesh Investment Development Authority (BIDA) aimed at enhancing the delivery of faster, more efficient and integrated services for investors in Bangladesh.

Under this collaboration, investors will be able to access essential banking and related services through a unified digital interface. The initiative is designed to strengthen the country’s investment facilitation framework by integrating banking services with the One Stop Service (OSS) platform operated by BIDA.

According to a media release, NCC Bank will support online bank account opening alongside other relevant banking services through the OSS system. This integration is expected to simplify procedures for both domestic and foreign investors by reducing the need for multiple physical interactions with different service providers.

A key feature of the agreement is the establishment of secure server-to-server connectivity between NCC Bank and BIDA. This infrastructure will enable safe, reliable and efficient digital data exchange, supporting real-time coordination between the two institutions.

The signing ceremony was held recently at BIDA’s conference room, in the presence of Air Commodore Md. Shaharul Huda, Executive Member of BIDA. The agreement was formally signed by M. Shamsul Arefin, Managing Director of NCC Bank, and Jiban Krishna Saha Roy, Director General (Investment Promotion) of BIDA, representing their respective organisations.

Senior officials from both institutions attended the event, including Md. Shahinuzzaman, Additional Director of Bangladesh Bank; Md. Habibur Rahman, Deputy Managing Director of NCC Bank; and Shahin Akter Nuha, Head of Transaction Banking & Cash Management of NCC Bank.

Speaking at the ceremony, M. Shamsul Arefin stated that BIDA’s integrated online platform marks a significant milestone in advancing investment facilitation efforts. He noted that it enables investors to access a range of public and private services through a single platform, contributing to improved efficiency and ease of doing business.

He further added that NCC Bank’s participation would enhance transparency, responsiveness and operational efficiency in investment-related services, supporting the development of a more modern investor-focused ecosystem in Bangladesh.

The agreement also outlines that both parties will exchange relevant information digitally and provide necessary technical assistance to ensure smooth system operations. In addition, they will collaborate to maintain data accuracy, strengthen cybersecurity measures, and ensure effective service delivery.

Key Aspects of the MoU

The MoU represents a structured step towards deeper digital integration between the financial and investment facilitation sectors in Bangladesh, aligning banking processes with national efforts to streamline investment services through technology-driven platforms.