ICB–NCCB Securities loan deal aims to reinforce capital market stability

NCC Bank Securities and Financial Services Limited has entered into a loan agreement worth Tk 250 million with the Investment Corporation of Bangladesh (ICB), marking a significant step towards strengthening the financial capacity and operational resilience of the brokerage firm. The development was disclosed through an official statement shared with the media, underscoring the continued role of ICB in supporting market intermediaries within Bangladesh’s capital market ecosystem.

The loan facility is expected to enhance the financial operations of NCCB Securities, enabling the institution to maintain smooth business continuity and reinforce its capacity to serve investors amid evolving market conditions. Market analysts note that access to such institutional financing plays a crucial role in ensuring liquidity, compliance, and stability among brokerage houses operating in the capital market.

The signing ceremony was held at the ICB head office in Motijheel, where senior executives from both organisations were present. The agreement was formally signed by Niranjan Chandra Debnath, Managing Director of ICB, and M Shamsul Arefin, Managing Director of NCC Bank PLC and Director of NCC Bank Securities. The occasion reflected the collaborative relationship between the country’s premier state-owned investment institution and a leading private sector banking group.

Several high-ranking officials attended the event, including Md Nurul Huda, Deputy Managing Director of ICB; Md Habib Ullah, General Manager; and Babul Chandra Debnath, Deputy General Manager. From NCC Bank Securities, Chief Executive Officer Ahsanul Arefin and First Assistant Vice President Mohammad Delwar Hossain were also present, highlighting the importance both institutions attached to the agreement.

Speaking at the ceremony, ICB Managing Director Niranjan Chandra Debnath reaffirmed the corporation’s long-standing commitment to supporting the capital market and strengthening financial institutions that operate within it. He stated that the loan facility would help ensure the uninterrupted functioning of market intermediary institutions, which are essential for maintaining investor confidence and safeguarding the overall stability of the market.

NCC Bank Managing Director M Shamsul Arefin, in his remarks, praised ICB’s enduring contribution to market stability and development. He expressed optimism that the newly signed agreement would not only benefit NCCB Securities but also pave the way for future strategic collaborations between the two institutions, particularly in areas that support sustainable growth of the capital market.

Key Details of the Agreement

The agreement reflects broader efforts by institutional stakeholders to reinforce financial discipline, operational stability, and confidence within Bangladesh’s capital market at a time when robust intermediary support remains critical.