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 2012, total assets of the bank stood at Taka 109,682.06 million against Taka 78,031.73 million in previous year registering an increase by 40.56 percent. Total deposit of the Bank at the end of 2012 stood at Taka 87,693.23 million (79.90% of Total liabilities) compared to Taka 62,650.73 million (80.28% of Total liabilities) in 2011. Total amount of deposit was increased by 40 percent. Loans and advances increased by 51.11 percent to Taka 85,955.76 million in 2012 compared to Taka 56,884.76 million in 2011. 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 8.22 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 2012 was Taka 1,534.21 million against classified and unclassified loans and advances and off-balance sheet exposure. Year 2012 was a period of high growth in loans and advances with 51.11 percent increase. Total outstanding industrial loans including term loan and working capital stood at Taka 45,762.67 million at the end of 2012 compared to Taka 33,323.05 million of 2011. Total outstanding commercial loans stood at Taka 38,919.92 million compared to Taka 22,727.40 million in 2011 reflecting a growth of 73.39 percent.

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