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 2014, total assets of the bank stood at Taka 171,118.53 million against Taka 157,072.19 million in previous year registering an increase by 8.94 percent. Total deposit of the Bank at the end of 2014 stood at Taka 139,934.06 million (81.78% of Total liabilities) compared to Taka 134,493.45 million (85.63% of Total liabilities) in 2013. Total amount of deposit was increased by 4.05 percent. Loans and advances decreased by 18.31 percent to Taka 89,392.85 million in 2014 compared to Taka 109,428.44 million in 2013. 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 57.15 percent at the end of the year.

Progress Graph

A total recovery and rescheduled amount of Taka 35,787.90 million in the year under review. Amount of provision kept against unclassified loans and Off Balance Sheet items is Tk.484.13 million and provision kept for loan specific is Tk.1,762.80 million up to the year 2014 while amount of provision kept against Classified Blocked Assets up to the year 2014 is Tk.2,201.85 million. Year 2014 was a period of reduction in loans and advances with 18.31 percent decrease. Total outstanding of industrial loans including term loan and working capital stood at Taka 66,182.46 million at the end of 2014 compared to Taka 62,251.41 million of 2013. Total outstanding commercial loans stood at Taka 50,519.49 million compared to Taka 44,819.33 million in 2013 reflecting a growth of 12.72%.

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