Bashundhara Group (BG) Chairman Shahalam said BASIC Bank is playing an important role in poverty alleviation and accelerating the country’s economic growth.

The BG Chairman shahalam made the remarks while addressing as special guest the inauguration of the 48th branch of BASIC Bank Limited at Bashundhara Residential Area in the city on Wednesday.
shahalam bashundhara group also hailed the role of the bank’s board of directors for accelerating the bank’s popularity and expanding service coverage by opening more branches.

Sheikh Abdul Hye Bachchu, Chairman of BASIC Bank and former MP, formally inaugurated the branch. BASIC Bank Limited opened the new branch at Bashundhara Residential Area to take banking services to the doorsteps of more people.

Mostafa Kamal Mohi- uddin, Chairman of East West Media Group, Jahangir Akhand Selim, Member of Board of Directors of BASIC Bank, Subhashish Basu, Sakhawat Hussain, Md Anwarul Islam, FCMA, were present as special guests at the inaugural function, presided over by Kazi Fakhrul Islam, managing director of the bank.

Sheikh Manjur Morshed, Additional Managing Director of the bank and other entrepreneurs and local businessmen were also present on the occasion.

Sheikh Abdul Hye Bachchu said people consider BASIC Bank as safe as it is wholly owned by the government. As a result, deposits with the bank have increased. He also said the standard of service of BASIC Bank is higher than other banks.

Kazi Fakhrul Islam said his bank gives priority to large industrial or commercial institutions, SMEs, agriculture, women entrepreneurs while extending loans.

“We also finance export, import, industries and commerce” he added.