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"The NCB has arrested inter-state drug traffickers and busted Afghan-Nigerian cartel.
The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, and the National Commerce Bank (NCB) have signed a Commodity Murabaha agreement.
NCB's ongoing developed approach in the area of human resources has met the satisfaction of employees and strengthened their loyalty and belonging to the bank, along with revealing their profound desire to make the bank the 'Employer of Choice'.
The IDRs of NCB reflect its standalone credit profile as indicated by its VR and is also underpinned by an extremely high probability of support from the Saudi Arabian authorities (A+/Stable).
Sarah Al Suhaimi, Chief Executive Officer of NCB Capital said, "Aircraft leasing is a fast growing industry that offers a unique and attractive diversification opportunity.
The NCB and CISF arrested Belinda Faurie ( 42) from the IGI Airport.
The NCB acquisition will cost MYR 1.1 billion for a 53.4 per cent stake and a potential MYR 340 million for the remaining 16.5 per cent through a mandatory general offer.
Both Morgan and Greer bring over ten years of experience in mortgage lending to NCB.
For this reason, we were delighted to work with NCB to explore a PACE lending program."
The NCB shareholders approved the merger on November 27, 2012 and all required regulatory approvals have been obtained.
The fund will remain closed for a period of three years, with the option of extending the investment period for an additional two terms, each one for a year, NCB said.
'NCB Private Banking is committed to providing superior services to meet and surpass the expectations of a highly sophisticated clientele that demands nothing less than the finest and this move to better offices in a more convenient location enhances the quality of our service capabilities in every way,' said Hazim Zaqzooq, Executive Vice President, Division Head Private Banking at NCB.
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