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 policy makers 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. However, the Bank is not nationalized; it operates like a private bank as before.
BASIC Bank Limited is unique in its objectives. It is a blend of development and commercial banks. The Memorandum and Articles of Association of the Bank stipulate that 50 percent of loanable funds shall be invested in the small and medium industries sector.
|Authorized capital||Tk. 55,000.00 million|
|Paid up capital||Tk. 10,846.98 million|
|Total Reserve and Surplus
up to 31.12.2018
|Tk. (465.66) million|
The Bank is required to transfer 20 percent of its net profit before Tax to Capital Fund as per the Banking Companies Act 1991.
The Bank Offers:
In order to perform the above tasks, BASIC Bank works closely with its clients, the regulatory authorities, the shareholders (GOB), banks and other financial institutions.
Financing establishment of small units of industries and business and facilitate their growth Small Balance Sheet size composed of quality assets.
Professor Dr. Abul Hashem
Managing Director & CEO
Mr. Md. Anisur Rahman
Mr. Md. Hasan Imam
Number of Employee
Number of Branches
৳ 55,000.00 Million
৳ 10,846.98 Million
(+8802) 9568190, 9590548, 9591002