Basic Bank Limited Job Circular 2018 Basic Bank Limited

By | February 24, 2018

BASIC Bank Limited is a fully government owned bank in Bangladesh which was founded in 2 August 1988. The bank was founded to finance small enterprises. Basic Bank Limited Job Circular 2018: Basic Bank Limited Job Circular 2018 has been published by the authority of Basic Bank Limited.

Basic Bank Limited Job Circular 2018 Basic Bank Limited

Basic Bank Limited Job Circular 2018: BASIC Bank Limited is one of seven state owned banks in Bangladesh. In 2016 the finance minister in a statement described the state of the bank as weak due to graft by top officials of the bank and would require some time for improvement. Sonali Bank UK Ltd and other international banks had censured Basic bank over irregularities. Since 2012 Basic bank had been frozen out of international transactions as a result of the irregularities.

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Basic Bank Limited Job Circular

Basic Bank Limited Job Circular

Basic Bank Limited Job Circular 2018: You want to know the official link of Basic Bank Limited for the career. This is the official web page of Basic Bank Limited Job circular or Notice. Where Basic Bank Limited Job Circular 2018 authority publishes their job opportunity for all people of Bangladesh. If you want to know more information about Basic Bank Limited, you can read given below documentation.

Basic Bank Limited Job Circular 2018 Basic Bank Limited Background of BASIC Bank Limited:

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.

Basic Bank Limited Job Circular 2018 Basic Bank Limited Capital Position of BASIC Bank Limited:

  • Authorized capital =  55,000.00 million TAKA
  • Paid up capital = 10,846.98 million TAKA
  • Total Reserve and Surplus up to = 31.12.2016 (38.66) million TAKA
  • 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 of BASIC Bank Limited:

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.

Basic Bank Limited Job Circular 2018: BASIC Bank Limited is one of seven state owned banks in Bangladesh. In 2016 the finance minister in a statement described the state of the bank as weak due to graft by top officials of the bank and would require some time for improvement. Sonali Bank UK Ltd and other international banks had censured Basic bank over irregularities. Since 2012 Basic bank had been frozen out of international transactions as a result of the irregularities.

If you want to know more information about Basic Bank Limited Job Circular 2018, you should need to visit our website regularly.

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