GovTwin / Institution

BASIC Bank PLC

Soe

State-owned commercial bank mandated to finance small and cottage industries; 50% of loanable funds must be invested in the small and cottage industries sector under its Memorandum and Articles of Association; also provides full commercial banking services.

Financial performance FY2022

Net loss of Tk127cr in 2022 (precise figure from news). Loss reportedly widened to more than Tk200cr in 2023 (exact figure not verified, left out of net_profit_cr to avoid a wrong number). BASIC was again among 17 banks failing to post net profit in 2024 per Bangladesh Bank; deposits fell ~8% in 2024. Used 2022 as the most recent precisely verifiable net result.

Source: state-owned enterprise financial reporting. All SOEs →