The New Nation - Internet Edition

BUSINESS REPORT

BASIC Bank Ltd, a fully state-owned scheduled commercial bank achieved a profit of Tk 84.64 crore in the first half of 2008 registering a hefty 38 per cent growth over the previous half yearly profit.

The bank's deposit and advances also grew by 70 per cent and 35 per cent respectively. Accordingly, senior executives of the bank, after reviewing half-yearly position, in a meeting held recently expressed their satisfaction on overall performance of the institution. They also expressed high aspiration for a successful year-ending exceeding targets set for all operational areas.

The meeting, however, stressed upon close monitoring of all loans and advances and utmost attention to the deceleration of non-performing loans.

The meeting also expressed esteemed regards and thanks to the Board of Directors of the bank for its continuous support and direction in achieving such a notable growth. The meeting eventually thanked all valuable clients and customers for their continuous support to and confidence on the bank and all employees for their relentless efforts to achieve such a remarkable success.