A State Owned Scheduled Commercial Bank
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 policymakers 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 bank.
BASIC Bank offers various deposit products to boost up customer's savings in time. One can deposit a lump sum of money for a fixed period to get an attractive rate of return.read more
Browse our deposit and loan products and credit cards which are designed to take care of your personal and business needs.
State-owned BASIC Bank PLC organized Discussion and Doa Mahfil on the occasion of the 48th Martyrdom Anniversary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman and National Mourning Day on Wednesday, 23 August 2023. Professor Dr. Abul Hashem,...
As per section 11 A(a) of the Company Act, 1994 the state-owned BASIC Bank Limited is now BASIC Bank PLC. The name change decision was approved by shareholders at the 3rd Extraordinary General Meeting (EGM) of the bank held on Tuesday, August 22, 2023,...