21st Annual General Meeting of the Bank.

The 21st Annual General Meeting (AGM) of BASIC Bank Limited was held on Tuesday, June 22, 2010 at Bank’s head office at Sena Kalyan Bhaban, 195 Motijheel C/A, Dhaka. During 2009 the Bank earned gross operating profit of Tk.167.60 and net operating profit of Tk.156.83 crore. The Bank declared 35% stock dividend to its sole shareholder- Govt. of Bangladesh from the profit of 2009. Mentionable that at the end of 2009 non performing asset of the Bank was only 4.83% of total loans and advances. The capital adequacy ratio of the Bank at the end of 2009 was 13.48% which is well above the requirement of Bangladesh Bank. Adjudged as one of the soundest banks in Bangladesh, BASIC Bank is always careful about asset quality. As a result the Bank has been maintaining gradual and steady growth since its inception in 1988.

BASIC Fortune

BASIC Bank Limited has launched a Monthly Deposit Scheme (BASIC Fortune) on April 14, 2009. This scheme is available in all the branches of the Bank