Bangladesh Commerce Bank Ltd (BCBL). was formed following the National Parliament Act no. 12, 1997. An eleven member Board of Directors was constituted by the Government to steer the new banking organization of the country. The bank started its commercial activities on 16 Sep, 1999 with the slogan, “A People’s Bank with a Mission”.

The vision, as declared by Bangladesh Commerce Bank is to become the first choice in commercial banking and to make significant contribution for the society. The mission of the bank is to develop a skilled and dedicated work force for achieving sustainable growth of the bank and also of the society. And thus it would bring reasonable return for the stake holders.

Authorized capital of Bangladesh Commerce Bank is Tk. 2000 million, while its paid up capital is Tk. 920 million. Of this paid up capital, Government’s contribution is Tk. 300 million, Tk. 520 million came from deposits in former BCI fund and the rest were collected from three public sector banks.

Bangladesh Commerce Bank’s Board of Directors is formed by 11 members, 7 of them are nominated by the Government and the rest 4 members come from private share holders. This bank is a unique example of public-private partnership.

Deposit Schemes

In addition to normal Current and Savings accounts BCBL offers a good number of deposit schemes. These are mainly to keep up your saving habit and provide you a good profit margin. Thus you may have an easier life in the coming days. The deposit schemes are depicted below:

• Special Notice Deposit
• Fixed deposit Receipt
• Pension Savings Scheme
• Double Benefit scheme
• Triple Benefit Scheme
• Lakhpati Deposit Scheme
• Millionaire Deposit Scheme
• Kotipoti Deposit Scheme
• Marriage Deposit Scheme
• Education Savings Scheme

So with multifarious names BCBL in fact provides you opportunities to save today for a comfortable tomorrow. The profit rate is good enough. You may visit a branch and choose the scheme that fits you best.

Credit Schemes

Bangladesh Commerce Bank Ltd provides quite a large number of credit schemes for its customers. The schemes are named below:

• Export and Import
• Trading
• Stock & share
• Project Loan
• Corporate Loan
• Syndicate Finance
• Credit for nonbank financial institutions
• Bank Guarantee
• SME Finance
• Agriculture & Rural Dev
• Home loan
• Car Loan
• Consumer credit

This is very clear from the above list that, Bangladesh Commerce Bank addresses all vital sectors of economic activities of the country. More over it takes care of the personal needs of people as well. SME and Rural development schemes are more important for a country like us. BCBL has put proper emphasis on both of them.

There are three categories of SME schemes. These are, Small Business Loan, Seasonal Credit Facility and Cash Credit for Small Enterprise. All these programs are well designed to fulfill your needs in SME development and to achieve a sustainable growth. So visit your nearest branch of BCBL and express your requirement.

Medium enterprises of the country are also in the priority list of BCBL. They may have Project Loan, Running Capital loan, and Export Import Loan from this bank.

Other Products

The other products of Bangladesh Commerce Bank are Remittance Service, Foreign Trade Service, and Brokerage House service. These services are available through all 25 branches of the bank. Within a short time the bank is going to serve you online. This bank has introduced BCB Credit Card service for the clients. This card is acceptable to POS terminals for purchase and at ATMs of the member banks.

So it’s clear from the activities of BCBL that the bank is really advancing to its said goals on bold steps.