NCC Bank Partners with BIDA

NCC Bank PLC has entered into a Memorandum of Understanding (MoU) with the Bangladesh Investment Development Authority (BIDA) to enhance the efficiency, speed, and integration of services available to investors in Bangladesh.

The agreement is designed to facilitate a more seamless investment process by connecting essential banking services with BIDA’s One Stop Service (OSS) digital platform. Through this integration, investors will be able to access selected banking and related services via a single, consolidated digital interface.

As stated in a media release, NCC Bank will provide support for online bank account opening, along with other relevant banking facilities, through the OSS platform. This initiative is expected to reduce procedural delays and minimise the need for physical interaction with multiple service providers, thereby simplifying the overall investor experience.

A key element of the MoU is the establishment of secure server-to-server connectivity between NCC Bank and BIDA. This technical framework will enable safe, reliable, and efficient exchange of digital data between the two organisations, ensuring smooth coordination and system interoperability.

The signing ceremony was held recently at the conference room of BIDA. Air Commodore Md. Shaharul Huda, Executive Member of BIDA, attended the event.

The agreement was formally signed by M. Shamsul Arefin, Managing Director of NCC Bank, and Jiban Krishna Saha Roy, Director General (Investment Promotion) of BIDA, representing their respective institutions.

Senior officials present at the ceremony included Md. Shahinuzzaman, Additional Director of Bangladesh Bank; Md. Habibur Rahman, Deputy Managing Director of NCC Bank; and Shahin Akter Nuha, Head of Transaction Banking & Cash Management at NCC Bank.

Speaking on the occasion, M. Shamsul Arefin highlighted that the integration of services through BIDA’s digital platform marks an important development in strengthening investment facilitation mechanisms. He noted that the platform enables investors to access a range of public and private services through a single digital gateway, improving overall accessibility and efficiency.

He further stated that NCC Bank’s participation in the system would contribute to greater transparency, responsiveness, and operational efficiency in investment-related services, supporting the development of a more structured and investor-friendly environment in the country.

Under the agreement, both organisations will exchange relevant information through secure digital channels and provide necessary technical support to ensure uninterrupted system operations. They will also work jointly to maintain data accuracy, reinforce cybersecurity measures, and ensure effective and reliable service delivery.

Key Features of the MoU

The MoU reflects continued efforts to strengthen digital integration between financial institutions and investment promotion bodies in Bangladesh, with the broader aim of simplifying investment procedures through coordinated and technology-driven service delivery.