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BASIC Bank Limited is a state-owned commercial bank in Bangladesh. It was established in 1989 with the aim of providing banking services to small and medium enterprises (SMEs) in the country. The bank operates under the supervision of the Central Bank of Bangladesh, Bangladesh Bank.
BASIC Bank Limited offers a wide range of banking products and services including savings accounts, current accounts, fixed deposit accounts, loans, remittance services, and international trade financing. The bank focuses on serving the needs of SMEs and provides various financing schemes for this sector.
The bank has a strong presence in rural and underprivileged areas of Bangladesh through its wide network of branches and agent banking services. It also offers digital banking services to ensure convenient and secure banking transactions for its customers.
BASIC Bank Limited has been consistently working towards the development of the SME sector in Bangladesh and has received various awards and recognition for its contribution to this sector. The bank aims to foster economic growth and promote financial inclusion in the country through its innovative banking solutions.