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 2019, total assets of the Bank stood at Tk.194,915.97 million against Tk.191,560.41 million in previous year registering an increase by 1.75%. Total deposit of the Bank at the end of 2019 stood at Tk.138,307.35 million (70.96% of total liabilities) compared to Tk.131,821.58 million (68.81% of total liabilities) in 2018. Total amount of Deposit was increased by 4.92%. Loans and advances decreased by (0.13)% to Tk.151,769.61 million in 2019 compared to Tk.151,968.05 million in 2018 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 was 52.02% at the end of the year 2019.

Progress Graph

A total recovery and rescheduled amount of Taka 19,639.40 million in the year under review. Amount of provision kept against unclassified loans and Off Balance Sheet items was Tk. 2,428.60 million at the end of 2019. Total outstanding of industrial loans including term loan and working capital stood at Tk.89,554.90 million at the end of 2019 compared to Tk.89,984.70 million of 2018. Total outstanding of commercial loans stood at Tk.58,997.50 million compared to Tk.58,331.20 million in 2018.

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