Dhaka, Dec. 7 -- NCC Bank Securities and Financial Services Limited (NCCB Securities), a subsidiary of NCC Bank, has signed a loan agreement with 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.

The facility is expected to support capital market stability by facilitating investment in NCCB Securities' portfolio.

The agreement was signed and exchanged by ICB Managing Director Niranjan Chandra Debnath and NCC Bank Managing Director and Director of NCCB Securities M. Shamsul Arefin at a ceremony held at ICB's head office in Motijheel, Dhaka.

Also present were ICB Deputy Managing Director Md. Nurul Huda, General Manager Md. Habib Ullah...