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.
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State-owned BASIC Bank Limited signed an Annual Performance Agreement (APA) with the Financial Institutions Division (FID) of the Ministry of Finance for the financial year 2022-2023. Sheikh Mohammad Salim Ullah, Secretary of FID and Md....
Md. Anisur Rahman, Managing Director & CEO of State-owned BASIC Bank Limited has signed an Annual Performance Agreement (APA) for the financial year 2022-2023 with Md. Abdur Rahim and Abu Md. Mofazzal, Deputy Managing Director (DMD), General Managers...
State-owned BASIC Bank Limited started banking operations at three new sub-branches at Patuakhali located at Lebukhali, Dumki; Subidkhali, Mirzaganj; and Patuakhali Sadar on Sunday, 12 June 2022.
The Managing Director (MD) and CEO of State-owned BASIC Bank Limited Md. Anisur Rahman paid rich tributes by placing wreaths to Father of the Nation Bangabandhu Sheikh Mujibur Rahman’s graveyard at Tungipara on the...
State owned BASIC Bank limited paid rich tributes to Father of the Nation Bangabandhu Sheikh Mujibur Rahman by placing wreaths at the portrait of Bangabandhu at Dhanmondi Road No. 32 on the occasion of his birth anniversary...