BASIC Bank operational profit rises 21.10pc
Monday, 2 January 2012
FE Report
The operational profit of state-run BASIC Bank Limited rose by 21.10 per cent to Tk 2.62 billion in 2011 from the profit of Tk 2.17 billion in 2010.
Moreover, the Bank achieved progressive position in different sectors at the end of 2011.
The bank's top management Sunday disclosed these achievements at a press conference in city where its Chairman Sheikh Abdul Hye Bachchu read out a written statement detailing them.
Bank's deposit at the end of the just-out year increased by 25.98 per cent. Amount of deposit in 2010 was Tk 49.26 billlion and in 2011 it was Tk 62.06 billion, the chairman said.
The chairman said loans disbursement was also raised by 22.75 per cent at the end of 2011. Tk 46.34 billion and Tk 56.88 billion were disbursed at the end of 2010 and 2011 respectively.
The bank's export and import figures rose by 37.75 per cent and 11.58 per cent respectively in 2011 compared to 2010, Mr Bachchu said.
The bank decreased its classified loans by 0.47 per cent. In 2010 the classified loans were 4.83 per cent whereas at the end of 2011 classified loans stood at 4.36 per cent, he said.