Sohela Hossain, a sponsor director of National Credit and Commerce Bank PLC (NCC Bank), has announced her plan to offload 1.11 crore shares from her total holding of 3.57 crore shares in the private lender.

The bank said in a disclosure on Tuesday that the transaction will take place through the block market of the Dhaka Stock Exchange (DSE) at the prevailing market price and is expected to be completed within the next 30 working days.

Based on Monday’s closing price of Tk 9.9 per share, the proposed sale is estimated to be worth around Tk 11 crore.

Sohela Hossain, a former vice-chairman of the NCC Bank board, is also active in the business sector. She currently chairs Mir Akhter Hossain Ltd and serves as president of Mir Cement Ltd, Mir Real Estate Ltd, and Mir Concrete Products Ltd.

According to data from the DSE, as of 31 May 2025, sponsor-directors collectively held 37.01 percent of NCC Bank’s shares. Institutional investors accounted for 23.77 percent, foreign investors held 0.07 percent, and general public ownership stood at 39.15 percent.

The announcement comes as NCC Bank reported a significant improvement in its financial performance in the January–March quarter of 2025. Net profit rose to Tk 28.22 crore, up 66 percent from the same period last year. Earnings per share climbed to Tk 0.25, compared to Tk 0.15 a year earlier.

The gains were largely attributed to increased returns from treasury bond investments. The bank also posted a sharp rise in net operating cash flow per share, which jumped to Tk 12.08 from Tk 0.24, aided by reduced loan disbursement, higher deposits, and the sale of trading securities.