NCC Bank PLC has recently entered into a supply chain finance agreement with Pran-RFL Group, a business conglomerate in Bangladesh, aiming to bolster the financial ecosystem for the latter's suppliers within the SME segment.

M Shamsul Arefin, managing director of the bank, and Uzma Chowdhury, director of the business conglomerate, signed the agreement at the bank's head office in the capital's Motijheel, according to a press release.

This collaboration will enable suppliers of Pran-RFL Group to access financing facilities on favourable terms, thereby supporting their working capital requirements through NCC Bank branches nationwide.

The partnership underscores NCC Bank's dedication to driving business growth via strategic alliances, offering bespoke financial solutions, and enhancing support for the domestic supply chain network of one of the country's most prominent conglomerates.

M Khurshed Alam, additional managing director of the bank; and Md Mahbub Alam, Md Zakir Anam, Mohammed Mizanur Rahman, and Md Monirul Alam, deputy managing directors; Md Shafiqure Rahman, senior executive vice-president and head of business and branch at the Gulshan branch; Mohammad Mohibullah Khan, executive vice-president and head of credit risk management division; and Saif Uddin Ahmed, executive vice-president and head of credit administration division, were present.

Among others, Abul Quasem Md Safiullah, chief of Islamic banking division of the bank; Nighat Mumtaz, senior vice-president and head of sustainable and women's banking; Sharif Mohammad Mahsin, senior vice-president and head of SME; AHM Abdus Sadik Khan, senior vice-president and head of human resources division; Syed Towhid Hossain, senior vice-president and head of operations; and Shahin Akter Nuha, head of transaction banking and cash management division, were also present.