The board of directors of National Credit and Commerce Bank Ltd (NCCBL) has, in principle, decided to issue ‘NCC BANK Perpetual Bond’ for Tk 5.0 billion, said an official disclosure on Monday.
The bank will issue the bond for raising fund to have capital support under additional Tier 1 Capital of BASEL III, said the disclosure.
The issuing of bonds is subject to the approval of the regulatory authorities — Bangladesh Bank (BB) and Bangladesh Securities and Exchange Commission (BSEC), the disclosure added.
Each share of the bank, which was listed on the Dhaka Stock Exchange (DSE) in 2000, closed at Tk 12.80 on Sunday.
The bank’s share traded between Tk 11.60 and Tk 18 in the last one year.
The bank’s consolidated earnings per share (EPS) stood at Tk 0.82 for July-September period of 2019 as against Tk 0.71 for July-September period of 2018.
The consolidated EPS was Tk 2.07 for January-September 2019 as against Tk 1.66 for January-September 2018.
The consolidated NOCFPS was Tk 5.63 for January-September 2019 as against Tk 9.83 for January-September 2018.
The consolidated NAV per share was Tk 20.80 as on September 30, 2019 and Tk 18.87 as on September 30, 2018.
The bank disbursed 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2018.
The bank’s paid-up capital is Tk 9.27 billion and authorised capital is Tk 20 billion, while the number of securities is 927.37 million.
The sponsor-directors own 36.74 per cent stake in the bank, while institutional investors own 19.51 per cent, foreign 1.22 per cent, and the general public 42.53 per cent as on October 31, 2019.
