NRB Commercial Bank started its journey on 2nd April 2013. their AUTHORIZED CAPITAL: BDT 1000 CRORE.
It was the long & cherished desire of Bangladeshi expatriates in different countries of the world to establish a new bank for the economic development of the motherland through their hard-earned foreign currency. Demand for new banks by the NRBs anticipating more flow of inward foreign remittance and scope of investment by other investors of different countries is an acceptable ground for consideration.
Many NRBs of developed countries have well education and professional expertise in different fields and are potential resources for our country. NRB sponsors shall not only bring huge investable funds but also “state of the art technology” for building up a world standard Bank tailored towards meeting the local developmental needs of the country.
The flow of inward foreign remittance shall not be increased only by pushing our manpower outside the country unless they are made fit & skilled to compete with their peer group of other countries, a bank like NRB may play a vital role in achieving the desired goal. Besides, in the prevailing situation of Banking operation in Bangladesh, it is highly expected that the new bank shall be able to compete with the other banks by adopting new concepts of Risk Management and building up good Assets and Health of the organization. We believe in consideration of the above issues application for the desired bank was invited by Bangladesh Bank and LOI was issued in favor of eligible entrepreneurs.
The vision of NRB Commercial Bank Ltd
To become a peerless bank in terms of providing efficient & innovative banking services, safeguarding depositor’s interest, fulfilling shareholders’ desires, supporting the economic growth of the country with particular attention to channelize regular inflow of foreign remittance of Bangladeshi expatriates working abroad, and also the inflow of idle and less remunerative fund held with wealthy NRBs.
The mission of NRB Commercial Bank Ltd
The bank shall devote itself to creating confidence for investment among the Bangladeshi expatriates offering them desired services, attractive profitability, and secured investment through our various financial products.
The bank shall create extraordinary opportunities for the intending wage earners in getting jobs abroad through our dependable intermediary services.
The bank shall arrange need-based effective training and education programs for the intending FC wage earners of Bangladesh to survive against competitors from other countries.
The bank shall deliver service excellence by providing existing & innovative products in a cost & time-efficient manner, to its all retail & corporate customers.
The bank shall constantly focus on and monitor the changing needs and aspirations of its customers, to develop new and reengineer the process of service delivery.
The bank shall always be vigilant to maintain banking business risks within its tolerable limit to protect the depositor’s interest and ensure the highest return to the shareholders.
The bank shall be the forerunner in exploiting new sources of funds such as assets securitization, issuance of mutual funds, etc., for addressing the needs of newly emerged financing areas such as SME financing, factoring, microfinance, IT-based products, housing financing, etc. to further the economic growth of the country.
The bank shall create an enabling environment, and adopt and nurture carefully a team-based culture where people will be motivated to accept banking challenges and to face other competitors.