BASIC Bank Limited Dealing Rates to Public

Effective Date: 30-Oct-2016

Bangladesh Taka for one unit of Foreign Currency

Currency Spot Selling

Spot Buying
TT
Clean

TT & OD BC

TT Doc

Exp Bills (OD

Sight)

OD Trans

USD

78.7500

78.8000 77.8000

77.7000 77.6000

77.5000

EUR

87.9197

88.0697 85.0697

84.9697 84.8697

84.7697

GBP

96.9072

97.0572 94.3072

94.2072 94.1072

94.0072

JPY

0.7771

0.7777

0.7332

0.7322

CHF

80.5909

80.7409 78.2409

0.7337

0.7327

78.1409 78.0409

77.9409

Cash Foreign Currency / Travellers Cheque Selling and Buying Rates:

Currency Cash Selling Cash Buying TC Selling TC Buying
USD

82.5000

81.5000

78.8000

77.5000

EUR

89.8803

84.5697

N/A

N/A

GBP

99.3197

93.8072

N/A

N/A

Background

BASIC Bank Limited (Bangladesh Small Industries and Commerce Bank Limited)
registered under the Companies Act 1913 on the 2 nd 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 cottage
industries sector.

Capital Position

Authorized capital

Tk. 25,000.00 million

Paid up capital

Tk. 10,846.98 million

Total Reserve and Surplus up to Tk. 15,100.10 million

31.12.2015
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

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.

International correspondant
The Bank of Tokyo-Mitsubishi UFJ Ltd
LONDON
U.K.
SWIFT NO.: BOTKGB2L
ACCOUNT NO.: 3301GBPDTF027508

The Bank of Tokyo-Mitsubishi UFJ

Ltd
TOKYO
JAPAN
SWIFT NO.: BOTKJPJT

CCY: GBP

ACCOUNT NO.: 6530410934

CCY: JPY

United Bank of India

KOLKATA (CALCUTTA)
INDIA
SWIFT NO.: UTBIINBBCAL
ACCOUNT NO.: 0084050100014
CCY: ACU DOLLAR

United Bank of India

KOLKATA (CALCUTTA)
INDIA
SWIFT NO.: UTBIINBBCAL
ACCOUNT NO.: 0084050100021
CCY: ACU EURO

AB Bank Limited
MUMBAI
INDIA
SWIFT NO.: ABBLINBB
ACCOUNT NO.: 5001000060155
CCY: ACU DOLLAR

Bank of Ceylon
COLOMBO
SRILANKA
SWIFT NO.: BCEYLKLX125
ACCOUNT NO.: 1977950
CCY: ACU DOLLAR

Banque de Commerce et de
Placements SA
GENEVA
SWITZERLAND
SWIFT NO.: BPCPCHGG
ACCOUNT NO.: 10.601998-0-100-CHF0
CCY: CHF

Citibank NA
NEW YORK
U.S.A.
SWIFT NO.: CITIUS33
ACCOUNT NO..: 36022105
CCY: USD

Habib American Bank

NEW YORK
U.S.A.
SWIFT NO.: HANYUS33XXX
ACCOUNT NO.: 20729158
CCY: USD

Habib Metropolitan Bank Limited

KARACHI
PAKISTAN
SWIFT NO.: MPBLPKKAXXX
ACCOUNT NO.: 6-1-20110-931203406
CCY: ACU DOLLAR

HDFC Bank Ltd.

MUMBAI
INDIA

ICICI Bank Limited

MUMBAI
INDIA

SWIFT NO.: HDFCINBBXXX

ACCOUNT NO.: 50200006098102
CCY: ACU DOLLAR

SWIFT NO.: ICICINBB

ACCOUNT NO.: 000408000002
CCY: ACU DOLLAR

MashreqBank PSC
MUMBAI
INDIA
SWIFT NO.: MSHQINBB
ACCOUNT NO.: 61049778
CCY: ACU DOLLAR

MashreqBank PSC
NEW YORK
U.S.A.
SWIFT NO.: MSHQUS33
ACCOUNT NO.: 70002582
CCY: USD

Sonali Bank Limited

KOLKATA (CALCUTTA)
INDIA
SWIFT NO.: BSONINCC
ACCOUNT NO.: ACUD07
CCY: ACU DOLLAR

Sonali Bank Limited

KOLKATA (CALCUTTA)
INDIA
SWIFT NO.: BSONINCC
ACCOUNT NO.: EUR03
CCY: ACU EURO

Sonali Bank (UK) Limited

LONDON
U.K.
SWIFT NO.: BSONGB2L
ACCOUNT NO.: 0100000424700
CCY: GBP

Sonali Bank (UK) Limited

LONDON
U.K.
SWIFT NO.: BSONGB2L
ACCOUNT NO.:0600000424701
CCY: EUR