BASIC Bank’s operational profit rises over 21 percent

Dhaka, Bangladesh (BBN) – The operational profit of state-run BASIC Bank Limited rose by 21.10 per cent to BDT 2.62 billion in 2011 from BDT 2.17 billion in 2010, the bank chairman said on Sunday.

The Bank Chairman Sheikh Abdul Hye Bachchu also said its deposit at the end of the just-out year increased by 25.98 percent. Amount of deposit in 2010 was BDT 49.26 billion and in 2011 it was BDT 62.06 billion, he added.

He also said the classified loans of the decreased by 0.47 percent. In 2010 the classified loans were 4.83 per cent whereas at the end of 2011 classified loans stood at 4.36 per cent.

BBN/SSR/AD-02Jan11-1:10 am (BST) 

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