BASIC Bank Limited. Serving people for progress

The performance of BASIC Bank Limited has been satisfactory since its inception in respect of all the measurement parameters.

At the end of the year 2013, total assets of the bank stood at Taka 157,072.19 million against Taka 109,682.06 million in previous year registering an increase by 43.21 percent. Total deposit of the Bank at the end of 2013 stood at Taka 134,493.45 million (85.63% of Total liabilities) compared to Taka 87,693.23 million (79.95% of Total liabilities) in 2012. Total amount of deposit was increased by 53 percent. Loans and advances increased by 27.31 percent to Taka 109,428.44 million in 2013 compared to Taka 85,955.76 million in 2012. All out efforts were made to improve the recovery rate and control non-performing loans and advances. Relative figure of classified (non-performing) loans and advances remain stable at 28.75 percent at the end of the year.

Progress Graph

A total recovery of Taka 4,512.23 million in the year under review. Additional provision made in 2013 was Taka 1,351.71 million against classified and unclassified loans and advances and off-balance sheet exposure. Year 2013 was a period of high growth in loans and advances with 27.30 percent increase. Total outstanding industrial loans including term loan and working capital stood at Taka 62,251.41 million at the end of 2013 compared to Taka 45,762.67 million of 2012. Total outstanding commercial loans stood at Taka 44,819.92 million compared to Taka 38,919.92 million in 2012 reflecting a growth of 15.16 percent.

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