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TT & OD BC
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OD Trans
USD
78.7500
78.8000 77.8000
77.7000 77.6000
77.5000
EUR
87.9197
88.0697 85.0697
84.9697 84.8697
84.7697
GBP
96.9072
97.0572 94.3072
94.2072 94.1072
94.0072
JPY
0.7771
0.7777
0.7332
0.7322
CHF
80.5909
80.7409 78.2409
0.7337
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78.1409 78.0409
77.9409
82.5000
81.5000
78.8000
77.5000
EUR
89.8803
84.5697
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GBP
99.3197
93.8072
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Background
BASIC Bank Limited (Bangladesh Small Industries and Commerce Bank Limited)
registered under the Companies Act 1913 on the 2 nd 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.
Capital Position
Authorized capital
Paid up capital
Functions
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.
To search for newer avenues for investment and develop new products to suit
such needs.
International correspondant
The Bank of Tokyo-Mitsubishi UFJ Ltd
LONDON
U.K.
SWIFT NO.: BOTKGB2L
ACCOUNT NO.: 3301GBPDTF027508
CCY: GBP
AB Bank Limited
MUMBAI
INDIA
SWIFT NO.: ABBLINBB
ACCOUNT NO.: 5001000060155
CCY: ACU DOLLAR
Bank of Ceylon
COLOMBO
SRILANKA
SWIFT NO.: BCEYLKLX125
ACCOUNT NO.: 1977950
CCY: ACU DOLLAR
Banque de Commerce et de
Placements SA
GENEVA
SWITZERLAND
SWIFT NO.: BPCPCHGG
ACCOUNT NO.: 10.601998-0-100-CHF0
CCY: CHF
Citibank NA
NEW YORK
U.S.A.
SWIFT NO.: CITIUS33
ACCOUNT NO..: 36022105
CCY: USD
MashreqBank PSC
MUMBAI
INDIA
SWIFT NO.: MSHQINBB
ACCOUNT NO.: 61049778
CCY: ACU DOLLAR
MashreqBank PSC
NEW YORK
U.S.A.
SWIFT NO.: MSHQUS33
ACCOUNT NO.: 70002582
CCY: USD