...Profile of ------------------------------------------------- AB bank Background of AB Bank Limited: AB Bank Limited, the first private sector bank was incorporated in Bangladesh on 31st December 1981 as Arab Bangladesh Bank Limited and started its operation with effect from April 12, 1982. During the last 28 years, AB Bank Limited has opened 81 Branches in different Business Centers of the country, one foreign Branch in Mumbai, India and also established a wholly owned Subsidiary Finance Company in Hong Kong in the name of AB International Finance Limited. To facilitate cross border trade and payment related services, the Bank has correspondent relationship with over 220 international banks of repute across 58 countries of the World. In spite of adverse market conditions, AB Bank Limited which turned 28 this year, concluded the 2008 financial year with good results. The Bank’s consolidated profit after taxes amounted to Taka 230 cr which is 21% higher than that of 2007. The asset base of AB grew by 32% from 2007 to stand at over Tk 8,400 cr as at the end of 2008. The Bank showed strong growth in loans and deposits. Deposit of the Bank rose by Tk. 1518 cr ie., 28.45% while the diversified Loan Portfolio grew by over 30% during the year and recorded a Tk 1579 cr increase. Foreign Trade Business handled was Tk 9,898 cr indicating a growth of over 40% in 2008. The Bank decided to change its traditional color and logo to bring about a fresh approach in the financial world; an approach...
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...Background of AB Bank Limited AB Bank Limited, the first private sector bank was incorporated in Bangladesh on 31st December 1981 as Arab Bangladesh Bank Limited and started its operation with effect from April 12, 1982. AB Bank is known as one of leading bank of the country since its commencement 28 years ago. It continues to remain updated with the latest products and services, considering consumer and client perspectives. AB Bank has thus been able to keep their consumer’s and client’s trust while upholding their reliability, across time. During the last 28 years, AB Bank Limited has opened 77 Branches in different Business Centers of the country, one foreign Branch in Mumbai, India and also established a wholly owned Subsidiary Finance Company in Hong Kong in the name of AB International Finance Limited. To facilitate cross border trade and payment related services, the Bank has correspondent relationship with over 220 international banks of repute across 58 countries of the World. In spite of adverse market conditions, AB Bank Limited which turned 28 this year, concluded the 2008 financial year with good results. The Bank’s consolidated profit after taxes amounted to Taka 230 cr which is 21% higher than that of 2007. The asset base of AB grew by 32% from 2007 to stand at over Tk 8,400 cr as at the end of 2008. The Bank showed strong growth in loans and deposits. Deposit of the Bank rose by Tk. 1518 cr ie., 28.45% while the diversified Loan Portfolio grew by over 30%...
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...AB Bank – PD General Information: Initiative by Bangladesh Bank to develop a vibrant secondary market of government securities in Bangladesh. Initially there were 12 banks and 3 NBFI’s who became PD’s, but later on when the market wasn’t successful the NBFI’s took permission from the central bank and left the market. Initial Advantage: * Only PD can attend the auction (no one else) – this allowed them to buy the securities accordingly and then sell to other non-PD bodies. Scenario * After some time AB Bank’s saw that the supply of government securities was more than the demand. The treasury bills and bonds were not attractive to the market. * Banks were exhausted with government securities and had more than required * Due to poor market demand, the banks were stuck with the government securities. * In 2013, the market was opened to everyone, meaning that non-PD banks, corporate bodies, and individuals can bid for government securities. * However the non-PD bids were to be placed through a PD. (Details described in the mechanism) * Meaning that before non-PDs had to BUY the securities from the PDs, but now they bid for securities through the PD. The PD acts like an intermediary. Requirement Mechanism * Each PD fixes the amount and rate of government securities according to their need. * Usually this percentage is fixed based on total demand and liability. * But sometimes there is also called “devolvement” * Devolvement: PD’s...
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...Report On Performance Appraisal System Of INTERNSHIP REPORT On “Performance Appraisal System of AB Bank Limited, ABBL” Of HR Division, Head Office. (This report on internship in AB Bank Limited is submitted as a requirment of the partial fulfilment of BBA Program) Report prepared for Probal Dutta (1st), Senior Lecturer, BBS, BRAC University Shantu Kumar Ghosh(2nd) Senior Lecturer BBS, BRAC University. Report prepared by MD. ULLAH AL MAMUN Student ID: 06104007. BBS Department, BRAC University. Date Of Submission 13th May, 2010. BRAC University Students Assertion I hereby announced that the extensive study entitled “Performance Appraisal System of AB Bank Limited, ABBL” (Conducted on behalf of AB Bank Limited, Head Office, HR Division) Prepared in partial accomplishment of the requirements for the award of the degree in Bachelor of Businesss Administration (BBA) From BBS Department. BRAC University Is my original work and not put forward For the award of the any other degree/fellowship Or other similar designation or accolade. …………………………………… MD. ULLAH AL MAMUN Student ID: 06104007. Certificate of Approval The internship report of MD. ULLAH AL MAMUN Student id: 06104007. BBS Department, BRAC University Titled “Performance Appraisal System of AB Bank Limited, ABBL” (Conducted on behalf of AB Bank Limited, Head Office, HR Division) Is approved and is suitable in eminence and figure Academic supervisor ………………………………………...
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...Internship Report Foreign Trade Division Internship Report On Foreign Trade Division Of AB Bank Limited Prepared for Mohammad Zakir Hossain Sharkar Senior Lecturer Submitted by Mirza Sarah Alam ID # 05104026 Date of Submission 15 December,2009. LETTER OF TRANSMITTAL December 15, 2009 TO Mohammad Zakir Hossain Sharkar Senior Lecturer BRAC Business School BRAC University. Subject:- Submission of Internship on “Foreign trade management System of ABBL” Sir, As a part of BBA Program an internship report is enclosed herewith. The report was prepared on “Foreign trade management System of ABBL” .In the course of preparation the report relevant documents, data, information were studied and practical knowledge had been gathered. I pray and hope that the mistakes, the report may have, will be kindly excused. Lastly, I beg your kind consideration for evaluating this report. Thanking you very much indeed. Sincerely Yours, Mirza Sarah Alam Department-BBS ID- 05104026 Acknowledgment At the very beginning, I would like to express my deepest gratitude to almighty Allah for giving me the strength & the composure to complete the internship report. Words actually will never be enough to express how grateful I am, but never the less I shall try my level best to express...
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...On Performance Appraisal System Of INTERNSHIP REPORT On “Performance Appraisal System of AB Bank Limited, ABBL” Of HR Division, Head Office. (This report on internship in AB Bank Limited is submitted as a requirment of the partial fulfilment of BBA Program) Report prepared for Probal Dutta (1st), Senior Lecturer, BBS, BRAC University Shantu Kumar Ghosh(2nd) Senior Lecturer BBS, BRAC University. Report prepared by MD. ULLAH AL MAMUN Student ID: 06104007. BBS Department, BRAC University. Date Of Submission 13th May, 2010. BRAC University Students Assertion I hereby announced that the extensive study entitled “Performance Appraisal System of AB Bank Limited, ABBL” (Conducted on behalf of AB Bank Limited, Head Office, HR Division) Prepared in partial accomplishment of the requirements for the award of the degree in Bachelor of Businesss Administration (BBA) From BRAC University BBS Department. Is my original work and not put forward For the award of the any other degree/fellowship Or other similar designation or accolade. …………………………………… MD. ULLAH AL MAMUN Student ID: 06104007. Certificate of Approval The internship report of MD. ULLAH AL MAMUN Student id: 06104007. BBS Department, BRAC University Titled “Performance Appraisal System of AB Bank Limited, ABBL” (Conducted on behalf of AB Bank Limited, Head Office, HR Division) Is approved and is suitable in eminence and figure Academic supervisor ...
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...the academic requirement of the BBA program under the Business Administration Department of DHAKA CITY COLLEGE. Under this program student have to participate in internship program of three month duration toward the fulfillment of the Degree. As practical orientation is an integral part of the BBA degree requirement, I was sent by the department to AB Bank Limited to take real life exposure of the activities of financial institutions. The Human Resource Division of ABBL arranges my internship program at Islampur Branch from December 26, 2010 to March 26, 2011. At the end of the internship period the student have to prepare a report on the organization and this report titled “Loans & Advances and SME sector of AB Bank Limited” is the outcome of my three months practical knowledge at AB Bank Limited. Rationale of the Study Theoretical knowledge is not enough for a student. There is a gap between theoretical knowledge and practical field. So, these two should be synchronized. Our internship program is launched mainly for this purpose. The practical orientation program in banks enable a student to take a closer look at “WHAT” a bank does and “HOW”. Another purpose that may be is to know about the rules, regulation, and organization environment before getting a job....
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...Q.1. What sum of money will amount to Rs3704.40 in 3 years at 5% compound interest. Solution : We have, A = Rs3704.40, n = 3, r = 5%. Using A = P(1 + r/100)n , we get 3704.40 = P(1 + 5/100)3 => 370440/100 = P ×21/20×21/20×21/20 Or, P = 370440/100×20/21×20/21×20/21= 3200 Hence, required sum of money = Rs3200. [Ans.] Q.2. What sum of money will amount to Rs3630 in two years at 10% per annum compound interest? Solution : Do yourself [Ans. = Rs3,000] Q.3. Calculate the compound interest for the second year on Rs8,000 invested for 3 years at 10% p.a. Solution : Do yourself. [Ans. = Rs880.] Q.4. At what rate percent p.a. compound interest would Rs80000 amount to Rs88200 in two years, interest being compounded yearly. Also find the amount after 3 years at the above rate of compound interest. Solution : Principal = Rs80000, Amount = Rs88200, Time = 2 years, Rate = ? n = 2. Using, A = P (1 + r/100)n, we get 88200 = 80000 (1 + r/100)2 Or, (1 + r/100)2 = 88200/80000 = 441/400 Or, (1 + r/100) = 21/20 Or, r/100 = 21/20 – 1 = 1/20 Or, r = 1/20×100 = 5% Second part, P = Rs80000, Time = 3 years, n = 3, r = 5%. [Ans.] A = 80000(1 + 5/100)3 = 80000(21/20)(21/20)(21/20) = Rs92610. [Ans.] Q.5. Ramesh invests Rs. 12800 for three years at the rate of 10% per annum compound interest. Find : i. The sum due to Ramesh at the end of the first year. ii. The interest he earns for the second year. iii. The total amount due to him at the end...
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...RECRUITMENT AND SELECTION The AB Bank recruitment process is a strict and rigid multi-step process based upon certain core principles used by the bank and its Human Resource (HR) division. When recruiting among the number of factors taken into consideration, Core Competence is given the highest amount of weight. Core Competence is the basic knowledge of the job and potential to maximize that knowledge. Other factors taken into consideration are adaptability, learning potential, ethics and integrity, and extra-curricular activities. The first thing the firm observes is the CGPA of the candidates and applies a discounting factor on the CGPA of the candidates based on their universities. From there it is a two-step process, consisting of a written exam and a viva, which is conducted by a third party to ensure transparency. Furthermore, the firm does not allow any of its Board of Directors to take part in the selection process to keep away influence or unwanted manipulation. The HRD also takes in Parallel Recruitment in cases where it’s policy of “Promotion from Within” cannot be applied effectively. TRAINING AND DEVELOPMENT AB Bank provides job specific training designed to make employees more effective in their current job. The Bank believes that appropriate forms of training and enabling opportunities contribute to Human Resources Development (HRD) by way of upgrading the job skills, existing potentials and growth which benefit the employee and the organization. In every...
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...[pic] A Project Work On Credit Management of AB Bank Limited Course Code: BUS 699 Course Title : Project Work Submitted To Department of Business Administration Leading University, Sylhet. Supervised By Thanvir Ahmed Chowdhury Assistant Professor Department of Business Administration Leading University, Sylhet. Submitted By Md. Islaqur Rahman ID No-1201010556 MBA Program Department of Business Administration Leading University, Sylhet. Date of Submission: 30th April 2014 Dedicated to Letter of Submission 30 April, 2014 To Thanvir Ahmed Chowdhury Assistant Professor Department of Business Administration Leading University, Sylhet. Subject: Submission of Project Report Dear Sir, It is my great pleasure that I have the opportunity to submit a report on the Functions “Credit Management of AB Bank Limited”. I have completed my Project Work from 1st April 2014...
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...Assignment on Recruitment and selection process in AB bank ltd. Course code: HRM-630 Course Tittle: Human Resource Planning Submitted to: Tanzila Ahmed Lecturer Leading University , Sylhet , Bangladesh. Submitted By: Md.Imranul Islam Choudhury ………1103010718 Bushra Binta Fareque………………..1103010720 Syed Muddabir Ali……………………1103010001 Tahera Khanom Chowdhury……..1103010706 Thouhidur Rahman Tamim………..1103010722 Date:26-08-2012 Acknowledgement First of all, I would like to thank my Advisor Tanzila Ahmed for her untiring guidance, help, effort, and suggestion. Really we are thankful to her. Without her direct guide this report couldn’t be possible. A very dynamic personality, Tanzila Ahmed constantly inspired us all the time to develop my career and share her knowledge with us. I shall remain ever grateful to her extraordinary gesture and relentless effort. I am also thankful and acknowledged too our supervisor Mr. Khandaker Raihan Sayed, Specialist (HRD), AB Bank Ltd. without his direct help, suggestion, and assistance it was impossible for me to complete this report. I would also like to thank the authority of AB Bank Ltd. for helping me by giving an opportunity to work with them. LITERATURE REVIEW on Recruitment & Selection History of Human Resource Management The History of Human Resource Management is the strategic and coherent approach to the management...
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...“Every 60 seconds, another animal is abused.” This statistic is from the ASPCA, they want to inspire people to donate and help animals from cruelty. This means that every minute of each day an animal is abused. Today, the ASPCA still helps prevent animal cruelty by protecting animals and giving them kind treatment. They protect animals by law and arrest animal abusers. They are a very popular charity and they are always ready to prevent cruelty. The ASPCA does their job effectively by protecting animals by law and fighting animal cruelty. The American Society for the Prevention of cruelty to Animals was the first humane society to be established in North America when they were founded in 1866. They are a privately funded 501 (C) (3) non-profit charity (“ASPCA”). The charity believes that animals deserve respectful treatment from humans and should be protected by laws. Their anti-cruelty mission has grown across the country and has two million supporters (“ASPCA”). Another part of their charity, The ASPCA Professional, provides resources for animal welfare professionals and volunteers to rescue groups (“ASPCA Professional”). They have different parts in the charity like The Behavioral Rehabilitation Center, The Adoption Center, and the ASPCA Animal Hospital. The ASPCA Professional’s goal is to help at risk animals while working with a professional audience. (“ASPCA Professional”). The charity believes animals should be treated fairly, they have made laws to protect them. The...
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...(Show video)- who would like to help these animals? So would I. My name is Lindsay, and I am going to talk to you about pet overpopulation. According to dogbreedinfo.com, only one out of ten dogs and one out of 12 cats will find a home. Meaning 800 dogs & cats are KILLED every HOUR. I have four dogs and two cats, all of which were adopted from a shelter or rescue. I want you, as my audience, to realize that by buying an animal from a breeder or pet store you are contributing to the pet overpopulation problem by creating demand for irresponsible breeding. By choosing to adopt, you will not only save a life, but you will also ensure that your adoption fee is going to help the next unwanted pet that comes in the door of that shelter. Another thing you can do to prevent over population is… Spay and Neuter your pets! By doing so you are ensuring that you do not become an “accidental breeder” American humane.org says that in many cases, these people will go on to become repeat offenders, engaging in a continuous cycle of irresponsible breeding or pet acquisition and disposal because they know they can easily find a new home for the animals. Some advantages: Spayed or neutered pets tend to live an average of 2-3 years longer than those that are unaltered. Spaying or neutering protects pets from some types of deadly cancers. It reduces the chance of pets running away or fighting. Dogs who have not been spayed or neutered may be three times more likely...
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...Antarah Ibn Shaddād al-'Absī is a pre-Islamic Arabian hero and poet, he was born 525 in Najd (the central part of the Arabian Peninsula) , He was the son of Shaddād, a well-respected member of the Arabian tribe of Banu Abs, his mother was named Zabaibah, of whom it has been claimed was an Ethiopian woman, whom Shaddad had enslaved after a tribal war. The tribe neglected Antara at first, and he grew up in servitude. Although it was fairly obvious that Shaddad was his father. Antara gained attention and respect for himself by his remarkable personal qualities and courage in battle, excelling as an accomplished poet and a mighty warrior. When the tribe needed his assistance to fend off another tribe in battle, Shaddād acknowledged Antara as his son, and granted him freedom. Antarah fell in love with his cousin Abla, and sought to marry her despite his status as a slave. But his uncle didn’t want antarah to marry abla so he asked antarah for a 1000 special kind of king alnoman camels as a dowry, and after the challenges he faced to get these 1000 camels his uncle refused to let him marry abla because he is not pure Arabian Antara's poetry is well preserved, and often talks of chivalry values, courage and heroism in battle, as well as his love for Abla. It was immortalized when one of his poems was included in the Hanged Poems. The poetry's historical and cultural importance stems from its detailed descriptions of battles, armour, weapons, horses, desert and other themes from his...
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...Course Title: Accounting Information Systems Course Code: ACC - 406 Course Instructor: Mohammed Sakhawat Hossain Assistant Professor, Faculty of Business & Economics, DIU Group… Assignment on INTERNAL CONTROL & COMPLIANCE FRAMEWORK FOR INTERNAL CONTROL SYSTEMS IN AB BANK Submitted to Mohammed Sakhawat Hossain Assistant Professor Faculty of Business & Economics Daffodil International University Submitted by Group Name: Group…….. Sec: A Batch: 22nd Program: BBA Faculty: Business & economics Daffodil International University ABOUT OUR GROUP ❖ Group Name: ……. ❖ Sec : A ❖ Batch : 22nd ❖ Program : BBA ❖ Faculty: Business & Economics ❖ Group member | | | | | |S:N: |NAME |ID |REMARK | | | | | | |01 |Soma Das |091-11-678 | | | | | | | |02 |Riza Ul Karim...
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