BASIC Bank PLC, also known as Bangladesh Small Industries and Commerce Bank, was established in 1988 and commenced operations in 1989. As a state-owned commercial bank, BASIC Bank plays a vital role in supporting small-scale industries (SSIs) by providing term loans tailored to the needs of enterprises in this sector. The bank is unique as it blends developmental and commercial banking services, dedicating 50% of its loanable funds to SMEs.

BASIC Bank offers a comprehensive range of banking services, including deposit accounts, working capital finance, short-term trade financing, and international trade facilitation. It also extends microcredit through partnerships with non-governmental organizations to assist urban poor populations in accessing formal financial markets. With over 2,000 employees and 72 branches, the bank is committed to promoting economic growth through careful investment in quality assets and innovative banking technologies, ensuring sustainable development in the communities it serves.