Basic Bank Limited, Coxs Bazar Branch in Cox's Bazar Sadar, Cox's Bazar

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 small and medium industries sector.


Capital Position
Authorized capital Tk. 55,000.00 million
Paid up capital Tk. 10,846.98 million
Total Reserve and Surplus up to 31.12.2016 Tk. (38.66) 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.


Functions

The Bank Offers:

  • Term loans to industries especially to small-scale enterprises.
  • Full-fledged commercial banking service including collection of deposit, short term trade finance, working capital finance in processing and manufacturing units and financing and facilitating international trade.
  • Technical support to Small Scale Industries (SSls) in order to enable them to run their enterprises successfully.
  • Micro credit to the urban poor through linkage with Non- Government Organizations (NGOs) with a view to facilitating their access to the formal financial market for the mobilization of resources.
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.

 



Corporate Strategy

Financing establishment of small units of industries and business and facilitate their growth
Small Balance Sheet size composed of quality assets.

  • Steady and sustainable growth.
  • Investment in a cautious way.
  • Adoption of new banking technology.
  • To employ funds for profitable   purposes in various fields with special emphasis on small scale industries.
  • To undertake project promotion on identify profitable areas of investment.
  • To search for newer avenues for investment and develop new products to suit such needs.
  • To establish linkage with other institutions which are engaged in financing micro enterprises.
  • To cooperate and collaborate with institutions entrusted with the responsibility of promoting and aiding SSI sector.

 

 

In Business Since: 1992

Our Services

  • Banking

Facilities

  • Attire - Casual
  • Environment - Casual

Hours of Operation

Saturday

Closed

Sunday

9:00 am
to
5:00 pm

Monday

9:00 am
to
5:00 pm

Tuesday

9:00 am
to
5:00 pm

Wednesday

9:00 am
to
5:00 pm

Thursday

9:00 am
to
5:00 pm

Friday

Closed

Payment Method

Image of cash.png
Image of cheque.png

Photo Gallary

Photo Gallery of Basic Bank Limited, Coxs Bazar Branch

Map

Reviews

4.50

Total 2 Ratings

Write your review
Md Asadul Islam khan

Md Asadul Islam khan
Guest

Review on April 6, 2018

Write yIt's a Branch office of Basic Bank Ltd . Different banking services are available here.our Reviews

Ziaul Islam Nayon

Ziaul Islam Nayon
Guest

Review on April 6, 2018

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