Basic Bank head office is at Sena Kalyan Bhaban, Dhaka. It is one of the renowned banks in Bangladesh in the private sector.
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Basic Bank head office is at Sena Kalyan Bhaban, Dhaka. It is one of the renowned banks in Bangladesh in the private sector. The bank has got an immense appraisal for its contribution to the development of Small and Medium Enterprises.
About BASIC Bank
The full name of the bank is Bangladesh Small Industries and Commerce Bank. It was established in the year 1989 according to company act 1913. At present, the government of Bangladesh owns 70 % shares of the bank, and Bangladesh Chamber of Commerce holds another 30%. However, the bank has not been nationalized. It operates as a private bank like before. The bank’s contribution in the SME sector development is crucial for the advancement of the economy of Bangladesh. The bank encourages new entrepreneurs to start their business with SME loans.
Mission and Vision
The vision of the bank is to obtain sustainable and steady growth in the banking sector. The mission is to invest in a cautious way and adoption of new banking technologies.
Facilities and Services Available in the Bank
The Bank provides term loans to various small and medium industries for increasing investment in the country.
The bank also operates retail banking such as collecting deposits, short-term finance and facilitating international trade through branch banking.
It provides technical support to small scale industries to help them to operate a business successfully.
The bank offers microcredit to urban poor through linkage with non-government organizations to include the poor people in the banking sector.
Philanthropic and Social Welfare Activities
The bank contributes significantly in social welfare activities. It contributes to poverty alleviation, women empowerment, environment protection, education, disaster relief and promotion of health care facilities across the country.
The SWIFT code of Basic Bank Limited head office is BKSIBDDH. The SWIFT code varies based on the branches.