Dhaka, Dec. 6 -- A loan agreement has recently been signed between NCC Bank Securities and Financial Services Limited (NCCB Securities), a subsidiary company of NCC Bank, and the Investment Corporation of Bangladesh (ICB), under which ICB has approved a loan of Tk. 250 million for NCCB Securities to invest in its own portfolio.

This loan facility will play an important role in maintaining capital market stability by facilitating investment in NCCB Securities' own portfolio, according to a press release.

The agreement was signed and exchanged on behalf of their respective organizations by ICB's Managing Director Niranjan Chandra Debnath, and NCC Bank's Managing Director and Director of NCCB Securities, M. Shamsul Arefin, at a ceremony he...