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Nrb Commercial Bank Limited (Bangladesh)

Main Activities: Other Depository Credit Intermediation
Full name: Nrb Commercial Bank Limited Profile Updated: March 15, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

The Bank having its Registered Office at 114 Motijheel Commercial Area, Dhaka-1000, Bangladesh, was incorporated (Inc no. C-107535) on February 20, 2013 as a Public Limited Company under the Companies Act, 1994 (Act No.18 of 1994) and also is governed by the Banking Companies Act 1991 (Amendment upto 2018) with Authorized Capital of Tk.10000 million and having
strong capital base of Tk.4446,06 million (Paid up Capital) by converting the hard earned foreign currency of 53 (Fifty three) qualified NRBs including business persons, community leaders, scientists, educationists, living in across the globe which includes USA, Canada, UK, Russia, Italy, Germany, UAE and Kuwait.
The Bank started its journey from 2 April 2013 after getting permission vide memo No. BRPD (P-3)/745(60)/2013-
1189 dated 10 March 2013 as a scheduled Bank. Presently NRBC Bank has 61 Branches in rural and urban areas
of Bangladesh and, recently, Bank also formed a subsidiary company named M/s. NRBC Bank Securities Limited.
The Bank Securities Limited was formed as subsidiary company after getting approval from Bangladesh Bank following guidelines of the Bangladesh Securities and Exchange Commission (BSEC). It incorporated as a company on 20th September 2015 bearing certificate of incorporation no. C-125904/2015 under the Companies Act 1994. The subsidiary company resumed its Commercial operation on December 12, 2016.
The company provide banking services, safeguarding depositor's interest, fulfilling shareholders desire, supporting economic growth of the country with particular attention to channelize regular inflow of foreign remittance of Bangladesh expatriates working abroad and also the inflow of idle and less remunerative fund held with wealthy NRBs.
The Bank listed on Dhaka Stock Exchange on January 28, 2021 .
Name change from NRB Commercial Bank Limited to NRBC Bank PLC on 17 Sept 2023.

Headquarters
Red Crescent Jashim Trade Centre, 114, Motijheel C/A.(2Nd 3Rd Floor), Dhaka - 1000, Bangladesh
Dhaka; Dhaka;

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Website: http://www.nrbcommercialbank.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2013
Key Executives
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Chairman
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Vice Chairman
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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88.42%
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11.58%
Company Performance
Financial values in the chart are available after Nrb Commercial Bank Limited report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BDT. Absolute financial data is included in the purchased report.
Net interest income
36.32%
Operating profit (EBIT)
-0.21%
Net Profit (Loss) for the Period
-14.59%
Total assets
30.03%
Total equity
10.13%
Total Assets Trend
-2.37%
Net Interest Income Trend
-62.7%
Loans to Deposits Ratio
-1.21%
Loans to Asset Ratio
-0.32%

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