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Basic Bank Limited

Basic Bank Limited

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 02-9568190, 9564830, 9590548, 9590549, 9556616

 02-9564829, 7115612, 7124911, 7125653

 basicho@basicbanklimited.com

General information of BASIC BANK LIMITED
Head Office
Sena Kalyan Bhaban (5th Floor) 195 Motijheel C/A, Dhaka-1000
Known As
Basic Bank
SWIFT Code
BKSIBDDH
Stock Code
N/A
Category
Commercial
Type
Public
Origin
Local
Number Of Branch
68
Branch Link
Click to view
Description

BASIC Bank Limited (Bangladesh  Small Industries and Commerce Bank Limited) registered under the Companies Act 1913 on the 2nd of August, 1988, started its operations from the 21st of January ,1989. It is governed by the Banking Companies Act 1991. The Bank was established as the policy makers of the country felt the urgency for a bank in the private sector for financing small scale Industries (SSIs). At the outset, the Bank started as a joint venture enterprise of the BCC Foundation with 70 percent shares and the Government of Bangladesh (GOB) with the remaining 30 percent shares. The BCC Foundation being nonfunctional following the closure of the BCCI, the Government of Bangladesh took over 100 percent ownership of the bank on 4th June 1992. Thus the Bank is state-owned. However, the Bank is not nationalized; it operates like a private bank as before.

BASIC Bank Limited is unique in its objectives. It is a blend of development and commercial banks. The Memorandum and Articles of Association of the Bank stipulate that 50 percent of  loanable funds shall be invested in small and cottage industries sector.

The Bank Offers:

  • Term loans to industries especially to small-scale enterprises.
  • Full-fledged commercial banking service including collection of deposit, short term trade finance, working capital finance in processing and manufacturing units and financing and facilitating international trade.
  • Technical support to Small Scale Industries (SSls) in order to enable them to run their enterprises successfully.
  • Micro credit to the urban poor through linkage with Non- Government Organizations (NGOs) with a view to facilitating their access to the formal financial market for the mobilization of resources.

In order to perform the above tasks, BASIC Bank works closely with its clients, the regulatory authorities, the shareholders (GOB), banks and other financial institutions.

Schedule of Charges
http://www.basicbanklimited.com/Schedule_of_Charges.php
Established
1988
Website
http://www.basicbanklimited.com/
Loan information of BASIC BANK LIMITED
# Name Category Loan Amount Rates Tenure Action
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Deposits information of BASIC BANK LIMITED
# Name Category Deposit Interest Rates Action
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Card information of BASIC BANK LIMITED
# Name Bank Category Max Interest Free Days Interest Rate Action
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Accounts information of BASIC BANK LIMITED
# Name Category Action
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Service information of BASIC BANK LIMITED
# Name Bank Category Action
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