1026:
27:
1491:
124:
199:
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
207:
had filed 56 cases against 156 people in 2015 over the embezzlement of 20 billion taka. Bangladesh bank estimated 45 billion had been swindled from the bank during the six years the time Sheikh Abdul Hye Bachhu served as the chairman of the bank. Among the accused was the former managing director
172:
BASIC Bank
Limited was established on 2 August 1988 began operations from 21 January 1989. It was owned by BCC Foundation, which owned 70 percent of the shares, and the government of Bangladesh, which owned the remaining 30 percent of the shares. On 4 June 1992, BCCI, which owned BCC Foundation,
211:
The parliamentary standing committee on finance ministry and
Bangladesh Supreme Court criticised the Anti Corruption Commission for failure to name Sheikh Abdul Hye Bachhu in its investigation report of the bank and failure to find his involvement. There was allegations that Anti Corruption
233:
In
December 2019, employees of BASIC bank confined the directors of the bank demanding the bank scrap changes to the wage structure. The bank had recently cut the salaries of its employees citing issues with generating revenue.
200:
Basic bank over irregularities. Since 2012 Basic bank had been frozen out of international transactions as a result of the irregularities. In
October 2016, A Monayem Khan, Deputy managing director of the bank was fired.
164:(founded as Bangladesh Small Industries and Commerce Bank) is a state owned bank in Bangladesh which was founded on 2 August 1988. The bank was founded to finance small enterprises.
177:
805:
724:
220:
leader" and had "connections at high positions". Sheikh Abdul Hye Bacchu has denied the allegations. Following a report by
Bangladesh Bank to the Anti Corruption Commission,
1280:
1071:
1523:
203:
Two deputy managing directors, Fazlu Sobhan and
Mohammad Selim, and former Deputy General Manager Shiper Ahmed were sent to prison for embezzlement. The
885:
204:
779:
1044:
192:
Basic Bank fired its managing director, Kazi
Faqurul Islam, in 2015 over financial irregularities at the bank following an investigation by
1300:
597:
238:
1518:
1331:
1180:
1064:
1039:
813:
732:
230:, member of parliament of Jatiya Party, was sued by the Anti Corruption Commission for embezzling 2.75 billion taka from the bank.
1165:
1356:
1295:
935:
835:
545:
495:
1341:
1321:
1195:
623:
1513:
1437:
1220:
1057:
910:
189:
Sheikh Abdul Hye Bacchu resigned as chairman of the bank following 4.5 billion taka in defaulted loans on 5 July 2014.
1139:
1080:
186:
In 2009, Dewan Zakir
Hossain, Secretary at the Ministry of Information, was appointed chairman of BASIC Bank Limited.
755:
1346:
1336:
961:
1397:
1382:
1230:
996:
648:
213:
699:
1468:
1432:
1326:
1285:
1225:
1442:
1351:
1235:
398:
217:
1260:
266:
85:
1463:
1407:
1215:
1210:
1490:
1478:
1402:
1387:
1265:
1255:
1200:
1185:
1144:
861:
108:
446:
422:
1205:
1190:
1175:
1170:
227:
1250:
1129:
1104:
1094:
368:
193:
104:
673:
570:
521:
343:
26:
237:
The
Minister of Finance, AHM Mustafa Kamal, considered merging BASIC Bank Limited with
100:
1507:
1290:
1275:
1494:
1473:
1458:
1372:
1031:
470:
1305:
1270:
1134:
1124:
1119:
1412:
1049:
1021:
116:
73:
59:
183:
Basic Bank donated to the Chief Adviser's Relief and Welfare Fund in 2007.
780:"BASIC Bank Scam: SC displeased as ACC didn't name Bacchu, others in case"
1377:
1245:
1240:
173:
closed and the government of Bangladesh took over 100 percent ownership.
1160:
96:
45:
1045:
Accumulated bad loans of 56 banks in Bangladesh over Tk 546.57 billion
148:
133:
69:
55:
1392:
571:"Sonali, Basic Bank need time to regain their positions: Muhith"
1053:
496:"BASIC chairman quits after Tk 4.5k cr graft allegation"
725:"BASIC Bank scam: ACC to file another 15 cases tonight"
212:
Commission did not file cases against former chairman
176:
In December 2003, Basic Bank signed an agreement with
1040:
BB intelligence digs into traffickers’ bank accounts.
860:
Byron, Rejaul Karim; Rahman, Md Fazlur (2014-07-17).
546:"State-owned banks in Bangladesh cut interest rates"
178:
International Leasing and Financial Services Limited
1451:
1425:
1365:
1314:
1153:
1112:
1103:
1087:
423:"Basic Bank, Int'l Leasing sign Tk 50m credit deal"
143:
131:
114:
92:
79:
65:
51:
41:
33:
911:"BASIC Bank staff confine board members for 4 hrs"
224:described BASIC bank as being "blatantly looted".
836:"BASIC Bank Scam: Bacchu again denies his role"
806:"ACC letting BASIC Bank's Bachchu off the hook"
756:"ACC slated for failure to find Bacchu's role"
1065:
936:"Employees see red as BASIC slashes salaries"
8:
674:"Three Basic Bank officials taken on remand"
19:
598:"Epitomising mismanagement in public banks"
1281:South Bangla Agriculture and Commerce Bank
1109:
1072:
1058:
1050:
25:
18:
1327:Export Import Bank of Bangladesh Limited
624:"BASIC now banks on political influence"
248:
622:Kallol, Asif Showkat; Alo, Jebun Nesa.
335:
991:
989:
987:
985:
983:
981:
886:"JP MP sued for Basic Bank loan scam"
447:"More donations for flood-hit people"
7:
393:
391:
389:
239:Bangladesh Development Bank Limited
1332:First Security Islami Bank Limited
962:"BASIC Bank, BDBL merger on cards"
960:Byron, Rejaul Karim (2021-06-11).
520:Byron, Rejaul Karim (2014-05-26).
14:
1524:1988 establishments in Bangladesh
1489:
1024:
123:
122:
700:"3 Basic Bank officials jailed"
649:"BASIC Bank DMD Monayem sacked"
862:"BASIC Bank: Blatantly looted"
754:Hasan, Rashidul (2016-01-29).
471:"BASIC Bank gets new chairman"
1:
1342:Shahjalal Islami Bank Limited
1322:Al-Arafah Islami Bank Limited
1438:Rajshahi Krishi Unnayan Bank
1140:Bangladesh Development Bank
1081:List of banks in Bangladesh
1540:
1347:Social Islami Bank Limited
1337:Islami Bank Bangladesh Ltd
321:CEO and Managing Director
205:Anti Corruption Commission
1519:Banks established in 1988
1487:
1398:National Bank of Pakistan
1383:Commercial Bank of Ceylon
24:
1166:Bangladesh Commerce Bank
298:Md. Abdul Khaleque Khan
214:Sheikh Abdul Hye Bacchu
1469:Ansar-VDP Unnayan Bank
1433:Bangladesh Krishi Bank
1301:United Commercial Bank
1443:Probashi Kallyan Bank
678:The Financial Express
596:Islam, Md. Rizwanul.
575:The Financial Express
522:"BASIC Bank MD fired"
997:"Board of Directors"
344:"Board of Directors"
208:Kazi Fakhrul Islam.
1514:Banks of Bangladesh
1464:Karmasangsthan Bank
1408:State Bank of India
399:"Corporate Profile"
250:
21:
1479:Palli Sanchay Bank
1403:Standard Chartered
1388:Habib Bank Limited
1357:Union Bank Limited
1201:Global Islami Bank
1145:BASIC Bank Limited
1001:BASIC Bank Limited
735:on 31 January 2016
403:BASIC Bank Limited
373:BASIC Bank Limited
348:BASIC Bank Limited
318:Md. Anisur Rahman
249:
245:Board of directors
180:to provide loans.
162:BASIC Bank Limited
109:Investment Banking
20:BASIC Bank Limited
16:Bank in Bangladesh
1501:
1500:
1421:
1420:
1231:Mutual Trust Bank
327:
326:
278:Md. Razib Pervez
228:Mahjabeen Morshed
159:
158:
151:.basicbanklimited
105:Corporate Banking
1531:
1493:
1110:
1074:
1067:
1060:
1051:
1034:
1029:
1028:
1027:
1011:
1010:
1008:
1007:
993:
976:
975:
973:
972:
957:
951:
950:
948:
947:
932:
926:
925:
923:
922:
907:
901:
900:
898:
897:
882:
876:
875:
873:
872:
857:
851:
850:
848:
847:
832:
826:
825:
823:
821:
812:. Archived from
804:Noman, Morshed.
801:
795:
794:
792:
791:
776:
770:
769:
767:
766:
751:
745:
744:
742:
740:
731:. Archived from
721:
715:
714:
712:
710:
696:
690:
689:
687:
685:
670:
664:
663:
661:
660:
645:
639:
638:
636:
634:
619:
613:
612:
610:
608:
593:
587:
586:
584:
582:
567:
561:
560:
558:
556:
542:
536:
535:
533:
532:
517:
511:
510:
508:
507:
492:
486:
485:
483:
482:
467:
461:
460:
458:
457:
443:
437:
436:
434:
433:
419:
413:
412:
410:
409:
395:
384:
383:
381:
379:
365:
359:
358:
356:
354:
340:
251:
155:
152:
150:
136:
126:
125:
101:Consumer Banking
97:Banking services
29:
22:
1539:
1538:
1534:
1533:
1532:
1530:
1529:
1528:
1504:
1503:
1502:
1497:
1483:
1447:
1417:
1361:
1310:
1221:Mercantile Bank
1149:
1099:
1095:Bangladesh Bank
1083:
1078:
1030:
1025:
1023:
1020:
1015:
1014:
1005:
1003:
995:
994:
979:
970:
968:
959:
958:
954:
945:
943:
934:
933:
929:
920:
918:
909:
908:
904:
895:
893:
884:
883:
879:
870:
868:
859:
858:
854:
845:
843:
834:
833:
829:
819:
817:
816:on 3 March 2016
803:
802:
798:
789:
787:
778:
777:
773:
764:
762:
753:
752:
748:
738:
736:
723:
722:
718:
708:
706:
698:
697:
693:
683:
681:
672:
671:
667:
658:
656:
647:
646:
642:
632:
630:
621:
620:
616:
606:
604:
595:
594:
590:
580:
578:
569:
568:
564:
554:
552:
544:
543:
539:
530:
528:
519:
518:
514:
505:
503:
494:
493:
489:
480:
478:
469:
468:
464:
455:
453:
445:
444:
440:
431:
429:
421:
420:
416:
407:
405:
397:
396:
387:
377:
375:
367:
366:
362:
352:
350:
342:
341:
337:
332:
308:Shamim Ahammed
247:
216:because he is "
194:Bangladesh Bank
170:
147:
132:
119:
107:
103:
99:
82:
17:
12:
11:
5:
1537:
1535:
1527:
1526:
1521:
1516:
1506:
1505:
1499:
1498:
1488:
1485:
1484:
1482:
1481:
1476:
1471:
1466:
1461:
1455:
1453:
1449:
1448:
1446:
1445:
1440:
1435:
1429:
1427:
1423:
1422:
1419:
1418:
1416:
1415:
1410:
1405:
1400:
1395:
1390:
1385:
1380:
1375:
1369:
1367:
1363:
1362:
1360:
1359:
1354:
1349:
1344:
1339:
1334:
1329:
1324:
1318:
1316:
1312:
1311:
1309:
1308:
1303:
1298:
1293:
1288:
1286:Southeast Bank
1283:
1278:
1273:
1268:
1263:
1258:
1253:
1248:
1243:
1238:
1233:
1228:
1226:Modhumoti Bank
1223:
1218:
1213:
1208:
1203:
1198:
1193:
1188:
1183:
1181:Community Bank
1178:
1173:
1168:
1163:
1157:
1155:
1151:
1150:
1148:
1147:
1142:
1137:
1132:
1127:
1122:
1116:
1114:
1107:
1101:
1100:
1098:
1097:
1091:
1089:
1085:
1084:
1079:
1077:
1076:
1069:
1062:
1054:
1048:
1047:
1042:
1036:
1035:
1019:
1018:External links
1016:
1013:
1012:
977:
966:The Daily Star
952:
940:The Daily Star
927:
915:The Daily Star
902:
890:The Daily Star
877:
866:The Daily Star
852:
840:The Daily Star
827:
796:
784:The Daily Star
771:
760:The Daily Star
746:
716:
704:The Daily Star
691:
665:
653:The Daily Star
640:
614:
602:The Daily Star
588:
562:
537:
526:The Daily Star
512:
500:The Daily Star
487:
475:The Daily Star
462:
451:The Daily Star
438:
427:The Daily Star
414:
385:
360:
334:
333:
331:
328:
325:
324:
322:
319:
315:
314:
312:
309:
305:
304:
302:
299:
295:
294:
292:
289:
288:Nahid Hossain
285:
284:
282:
279:
275:
274:
272:
269:
262:
261:
258:
255:
246:
243:
222:The Daily Star
169:
166:
157:
156:
145:
141:
140:
137:
129:
128:
127:50 million USD
120:
115:
112:
111:
94:
90:
89:
83:
80:
77:
76:
67:
63:
62:
53:
49:
48:
43:
39:
38:
35:
31:
30:
15:
13:
10:
9:
6:
4:
3:
2:
1536:
1525:
1522:
1520:
1517:
1515:
1512:
1511:
1509:
1496:
1492:
1486:
1480:
1477:
1475:
1472:
1470:
1467:
1465:
1462:
1460:
1457:
1456:
1454:
1452:Non-scheduled
1450:
1444:
1441:
1439:
1436:
1434:
1431:
1430:
1428:
1424:
1414:
1411:
1409:
1406:
1404:
1401:
1399:
1396:
1394:
1391:
1389:
1386:
1384:
1381:
1379:
1376:
1374:
1371:
1370:
1368:
1364:
1358:
1355:
1353:
1352:Standard Bank
1350:
1348:
1345:
1343:
1340:
1338:
1335:
1333:
1330:
1328:
1325:
1323:
1320:
1319:
1317:
1313:
1307:
1304:
1302:
1299:
1297:
1294:
1292:
1291:The City Bank
1289:
1287:
1284:
1282:
1279:
1277:
1276:Shimanto Bank
1274:
1272:
1269:
1267:
1264:
1262:
1259:
1257:
1254:
1252:
1249:
1247:
1244:
1242:
1239:
1237:
1236:National Bank
1234:
1232:
1229:
1227:
1224:
1222:
1219:
1217:
1214:
1212:
1209:
1207:
1204:
1202:
1199:
1197:
1194:
1192:
1189:
1187:
1184:
1182:
1179:
1177:
1174:
1172:
1169:
1167:
1164:
1162:
1159:
1158:
1156:
1152:
1146:
1143:
1141:
1138:
1136:
1133:
1131:
1128:
1126:
1123:
1121:
1118:
1117:
1115:
1111:
1108:
1106:
1102:
1096:
1093:
1092:
1090:
1086:
1082:
1075:
1070:
1068:
1063:
1061:
1056:
1055:
1052:
1046:
1043:
1041:
1038:
1037:
1033:
1022:
1017:
1002:
998:
992:
990:
988:
986:
984:
982:
978:
967:
963:
956:
953:
941:
937:
931:
928:
916:
912:
906:
903:
891:
887:
881:
878:
867:
863:
856:
853:
841:
837:
831:
828:
815:
811:
807:
800:
797:
785:
781:
775:
772:
761:
757:
750:
747:
734:
730:
726:
720:
717:
705:
701:
695:
692:
679:
675:
669:
666:
654:
650:
644:
641:
629:
628:Dhaka Tribune
625:
618:
615:
603:
599:
592:
589:
576:
572:
566:
563:
551:
547:
541:
538:
527:
523:
516:
513:
501:
497:
491:
488:
476:
472:
466:
463:
452:
448:
442:
439:
428:
424:
418:
415:
404:
400:
394:
392:
390:
386:
374:
370:
364:
361:
349:
345:
339:
336:
329:
323:
320:
317:
316:
313:
310:
307:
306:
303:
300:
297:
296:
293:
290:
287:
286:
283:
280:
277:
276:
273:
270:
268:
264:
263:
259:
256:
253:
252:
244:
242:
240:
235:
231:
229:
225:
223:
219:
215:
209:
206:
201:
197:
195:
190:
187:
184:
181:
179:
174:
167:
165:
163:
154:
146:
142:
139:1 billion USD
138:
135:
130:
121:
118:
113:
110:
106:
102:
98:
95:
91:
87:
84:
78:
75:
71:
68:
64:
61:
57:
54:
50:
47:
44:
40:
36:
32:
28:
23:
1474:Jubilee Bank
1459:Grameen Bank
1373:Bank Alfalah
1261:Premier Bank
1196:Eastern Bank
1191:Dutch Bangla
1088:Central bank
1032:Banks portal
1004:. Retrieved
1000:
969:. Retrieved
965:
955:
944:. Retrieved
942:. 2019-12-24
939:
930:
919:. Retrieved
917:. 2019-12-29
914:
905:
894:. Retrieved
892:. 2018-01-10
889:
880:
869:. Retrieved
865:
855:
844:. Retrieved
842:. 2017-12-07
839:
830:
818:. Retrieved
814:the original
809:
799:
788:. Retrieved
786:. 2017-08-18
783:
774:
763:. Retrieved
759:
749:
737:. Retrieved
733:the original
728:
719:
707:. Retrieved
703:
694:
682:. Retrieved
677:
668:
657:. Retrieved
655:. 2016-10-31
652:
643:
631:. Retrieved
627:
617:
605:. Retrieved
601:
591:
579:. Retrieved
574:
565:
553:. Retrieved
550:bdnews24.com
549:
540:
529:. Retrieved
525:
515:
504:. Retrieved
502:. 2014-07-05
499:
490:
479:. Retrieved
477:. 2009-02-04
474:
465:
454:. Retrieved
450:
441:
430:. Retrieved
426:
417:
406:. Retrieved
402:
376:. Retrieved
372:
369:"Background"
363:
351:. Retrieved
347:
338:
257:Designation
236:
232:
226:
221:
218:Jatiya Party
210:
202:
198:
191:
188:
185:
182:
175:
171:
161:
160:
134:Total assets
66:Headquarters
34:Company type
1426:Specialized
1306:Uttara Bank
1271:Pubali Bank
1216:Meghna Bank
1211:Jamuna Bank
1135:Janata Bank
1130:Rupali Bank
1125:Sonali Bank
1120:Agrani Bank
1113:State-owned
810:Prothom Alo
729:Prothom Alo
267:Abul Hashem
86:Abul Hashem
37:State owned
1508:Categories
1413:Woori Bank
1296:Trust Bank
1266:Prime Bank
1256:Padma Bank
1186:Dhaka Bank
1105:Commercial
1006:2022-10-20
971:2022-10-20
946:2022-10-20
921:2022-10-20
896:2022-10-20
871:2022-10-20
846:2022-10-20
820:4 February
790:2022-10-20
765:2022-10-20
739:4 February
709:4 February
684:4 February
659:2022-10-20
633:4 February
607:4 February
581:4 February
555:3 February
531:2022-10-20
506:2022-10-20
481:2022-10-20
456:2022-10-20
432:2022-10-20
408:2022-10-20
378:4 February
353:4 February
330:References
260:Reference
117:Net income
88:(Chairman)
81:Key people
74:Bangladesh
60:Bangladesh
1206:IFIC Bank
1176:BRAC Bank
1171:Bank Asia
311:Director
301:Director
291:Director
281:Director
271:Chairman
241:in 2021.
1378:Citibank
1251:One Bank
1246:NRB Bank
1241:NCC Bank
93:Products
42:Industry
1366:Foreign
1315:Islamic
1161:AB Bank
1154:Private
680:. Dhaka
577:. Dhaka
168:History
144:Website
52:Founded
46:Banking
1495:Portal
254:Name
70:Dhaka
56:Dhaka
1393:HSBC
822:2016
741:2016
711:2016
686:2016
635:2016
609:2016
583:2016
557:2016
380:2016
355:2016
265:Dr.
153:.com
149:www
1510::
999:.
980:^
964:.
938:.
913:.
888:.
864:.
838:.
808:.
782:.
758:.
727:.
702:.
676:.
651:.
626:.
600:.
573:.
548:.
524:.
498:.
473:.
449:.
425:.
401:.
388:^
371:.
346:.
196:.
72:,
58:,
1073:e
1066:t
1059:v
1009:.
974:.
949:.
924:.
899:.
874:.
849:.
824:.
793:.
768:.
743:.
713:.
688:.
662:.
637:.
611:.
585:.
559:.
534:.
509:.
484:.
459:.
435:.
411:.
382:.
357:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
