BANKING AND FINANCE

Profile of

Bangladesh Shilpa Bank limited

At a Glance

Year of establishment: 1972
Head office:  Bangladesh Shilpa Bank 8, Rajuk Avenue Dhaka-1000
Contact number: +880-2-9556786
No of branch: 15
Managing Directors Md. Mizanur Rahman
Chairman: Md. Aminul Islam Bhuiyan
Web site: shilpabank.gov.bd

BACK GROUND

Bangladesh Shilpa Bank (BSB) is the state owned Leading Development Financial Institution (DFI) of Bangladesh. 'Shilpa' means industry. BSB provides financial and technical assistance to broaden the private as well as public sector industrial base of the country. It prioritizes, especially, Export Oriented/Export Linkage industrial units, Efficient Import Substitution, Joint Ventures, Commercialization of local technology and promotion of agro-based industry.

Other especially encouraged sectors are: Spinning, Specialized textile, terry Towel, knit composite, leather processing, chemicals, industries based upon the technologies developed by BCSIR, etc.

Accelerating the process of industrialisation of the country by providing financial assistance and equity support.

Function of BSB

Extends long and medium term loan facilities in local and foreign currencies to industrial projects (both new and BMRE) in the private and public sectors as well as partnership & proprietorship concern.

Provides working capital loans to Industrial units.

Issues guarantees on behalf of borrowers for repayment of loan.

Extends commercial banking service alongwith deposit mobilisation, forex business, L/C handling, forex remittances inland & outland.

Provides working capital loans to Industrial units.

Purchases and sells shares/securities for BSB and on behalf of customers as a member of Dhaka Stock Exchange (DSE) Ltd. and Chittagong Stock Exchange (CSE) Ltd. for capital market

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