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BASIC Bank Limited

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. However, the Bank is not nationalized; it operates like a private bank as before.

Fixed Term Deposit

BASIC Bank offers fixed term deposit to boost up customers savings in time. One can deposit a lump sum of money for a fixed period to get attractive rate of return. Features: ... read more

Retail Products

BASIC Bank provides financial products and services, such as bank and saving accounts, insurance, and mortgages, to individuals.

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SME Products

Small or medium-sized enterprises (SMEs) are often described as the engine room of the Bangladesh economy -...

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Corporate Products

Corporate banking is the tailor-made financial services that financial institutions offer to corporations in the context...

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