Basic Bank Limited

Basic Bank is a fully government-owned commercial. This bank was established on 1988 to provide special services to small businesses. it is the best bank in bd for small industry. 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.

The Bank also continued support in developing trade, general business and other commercial activities in the country which covers the full range of services such as cash credit, work order financing, secured overdraft etc.

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.

Contact of the Basic Bank Limited

Sena Kalyan Bhaban (5th Floor) 195 Motijheel C/A, Dhaka-1000