...Report on Foreign exchange operation in Bank Asia Abstract This paper reports a study of foreign exchange operation practices in Bank Asia. The sample for the study consisted of Bank Asia’s annual report, web address, foreign exchange policies. The results revealed that Transferring money abroad can be a difficult and worrying task for many, unsure of whether the money has reached the destination, and whether the rate that you are getting is worth while. . The finding of the study By choosing B A Exchange you are joining the larger Bank Asia Network of branches, with a promise of excellent service, reliable transfers, and fast delivery. Whether over the phone or in branch you will experience the service of our highly trained and dedicated staff, who will guide you through the entire set up and transfer process. The benefits of choosing this service will be the commitment to making sure the transfers are processed in that time and reach their destination. Other transfers and time will make sure they are there in 24 hours. Providing safe and secure transfer services to the surrounding Bangla Town community enables money to reach the right people first time. These services are accessible in branch and by phone, making this one of the most convenient solutions in the area. As part of the greater strategy of Bank Asia to provide support to Bangladeshi Nationals who are living and working in the UK, B A Exchange provides a conduit for...
Words: 6837 - Pages: 28
...[pic] 01.01Introduction: The word ‘Bank” refers to the financial institution that deals with money transaction. Banks collect deposit at lowest possible cost and provide loans and advances at highest Cost. The spread between the two is the profit for the bank. There are two different types of banking. One is commercial banking and investment banking. The commercial bank is types of bank which is engaged in banking activities, like; deposit and making loans and other fee based services. It also byes corporate markets activities. In today’s world, technological and financial advancement is influencing every human activity. Commercial banks have been playing a vital role in the world economy. Bank is not only a financial institution, but also a helping hand for the common people, different organization and also for the government country’s prospect and future economic conditions largely depends on the commercial banks. In today’s business world, few financial organizations have made a strong place in the market and “Bank Asia” is one of those names. The year 2014 has been a significant year for the economy of Bangladesh in terms of steady growth followed by price stability. Despite the political turbulence in the last half of 2013 and its impact in the early 2014, GDP increased from 6.01% in 2013 to 6.12% in 2014. This is mainly due to the rise in public investment from 6.6% of GDP in FY2013 to 7.3% in FY2014 and decline in private consumption by 1.5% due to...
Words: 7870 - Pages: 32
...Japan. Transnational Banks - International finance institutions which do their business in many countries of the world. - These are special types of transnational corporations whose field of specialization is global banking or international finance. - Their customer are primarily the transnational corporations, governments (mostly developing countries), and rich individuals. Development of Global Banking - Colonial empires, mostly European countries like Great Britain, France, and Spain, established the branches or offices of their financial institutions in their colonies in order to facilitate trade. For instance, during the British colonial empire, banks were put up in their colonies to conduct foreign exchange operations and to supply short-term funds to both exporters and importers. And as trade expanded, banks grew in number. In fact, the British banking system even reached the shores of our country during the Spanish time. - Since England is the cradle of the Industrial Revolution, it started the factory system of production. This made England the leader in international trade. And subsequently, a pioneer in the development of financial institution – later on, global banking. - Other countries followed the footsteps of England. French financial institutions began overseas operations in the 1870s. - German banks likewise participated in international banking in 1886 with the establishment of an overseas bank...
Words: 2068 - Pages: 9
...Letter of Submission Date: To The Head Department of Business Administration University Of Science And Technology Chittagong Subject: Submission of Internship Report. Dear Sir, It is my pleasure to submit my Internship Report on “An Overview of General Banking and Foreign Exchange Mechanism of Bank Asia Limited, Khatungonj Branch, Chittagong” to you after completion of three months internship program with Bank Asia Ltd. I tried my best to gather relevant information for preparing a complete report. Without the sincere co-operation and proper guidance of you, it is not possible for me to prepare the report. For this act of kindness I am grateful to you. This report is not free from mistakes due to some limitations. I hope you accept it with gracious consideration. Sincerely Yours, ---------------------------- Signature KEYA DEBI ROLL NO 347 (Major in Finance) Department of Business Administration University Of Science And Technology Chittagong. TABLE OF CONTENTS Content----------------------------------------------------------------------------------Page Acknowledgement ------------------------------------------------------------------- 1 Executive Summery -----------------------------------------------------------------2 Chapter 1 ------------------------------------------------------------------------------4 Introduction ---------------------------------------------------------------------------4 Organization Overvie...
Words: 16608 - Pages: 67
...Report On TRANSACTION BANKING IN SONALI BANK LTD. BANGLADESH A Descriptive Analysis Table of Contents CHAPTER-1 INTRODUCTION 1.1 ORIGIN OF THE REPORT 1.2 SCOPE 1.3 METHODOLOGY & SOURCE OF INFORMATION 1.4 LIMITATIONS 1.5 BANKING INDUSTRY –OVERVIEW CHAPTER-2 SONALI BANK LTD. 2.1 ETHICS OF SONALI BANK LTD. 2.2 SONALI BANK LTD. IN BANGLADESH 2.3 PERFORMANCE AND GROWTH 2.4 ACTIVITIES OF SONALI BANK LTD. 2.5 SWOT ANALYSIS OF SONALI BANK LTD. CHAPTER-3 CLIENT RELATIONSHIPS PRODUCTS 3.1 TRANSACTION BANKING 3.2 TRADE SERVICE 3.3 CUSTODY 3.4 LANDING CHAPTER-4 A DESCRIPTIVE ANALYSIS OF TRANSACTION BANKING 4.1 INTRODUCTION 4.2 CASH MANAGEMENT SERVICES 4.3 ACCOUNTS SERVICES 4.4 E-BANKING 4.5 NATIONAL COLLECTION SERVICES-NCS 4.6 OPSPAY 4.7 PREMIUM SERVICE-BANKING 4.8 PAYMENTS PLUS 4.9 TRADE REPORTS 4.10 WEB BANK 4.11 CHEQWRITER 4.12 BILLSPAY 4.13 CONCLUSION & RECOMMENDATION 4.15 BIBILIOGRAPHY ________________________________________________________Acknowledgement At the very outset, I would like to take this opportunity to express my gratitude to my internship supervisor, Mirza Aminur Rahman...
Words: 10974 - Pages: 44
...CHONG-YAH LIM Albert Winsemius Chair Professor of Economics Director, Economic Growth Centre (EGC) School of Humanities and Social Sciences (HSS) Nanyang Technological University (NTU) S3-01B-38, Nanyang Avenue, Singapore 639798 acylim@ntu.edu.sg The article analyzes the limits of the IMF as a global multilateral economic agency to handle serious balance of payments disequilibria. Capital control and growth rates in developing Asia and the twin deficit problem of the United States are also discussed. It also assesses the probability of the reemergence of an exchange rate crisis in Southeast Asia and the wisdom of having an Asian IMF. “Lenin was right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.” — John Maynard Keynes The Economic Consequences of Peace Keywords: Exchange rate crisis; capital control; growth rates in China and ASEAN; East Asian financial crisis; US twin deficits; IMF; AMF. 1. Post-Crisis Per Capita Income A not well-known fact is that all the six economies in Southeast Asia adversely affected by the 1997/1998 financial crisis have not, until today (November 2005), some eight years later, recovered from the pre-crisis per capita income level in US dollar terms (see Table 1). Thailand’s per capita income in 1996 was US$3,084. After the impressive post-crisis recovery eight years later in 2004, it decreased by 18.3% to US$2,519. Indonesia’s per capita income declined by 10.4%. In other words, the damage...
Words: 4278 - Pages: 18
...Business Communication Submitted By Sabbir Ahmed Reg – 11102003 Group – A (BBA) Date of Submission – 21.08.2011 The University of Asia Pacific Department of Business Administration A Report on Mercantile Bank Limited PREPARED FOR Shahriyar Anam Course Instructor Business Communication PREPARED BY Sabbir Ahmed Reg – 11102003 Group – A (BBA) Department of Business Administration The University of Asia Pacific Letter of Transmittal August 21, 2011 Shahriyar Anam Course Instructor (HSS 131) Department of Business Administration The University of Asia Pacific Subject: Application for submitting the report on Mercantile Bank Ltd. Dear Sir, I beg most respectfully to state that, for the fulfillment of the course requirement, I have prepared a Report on Mercantile Bank Ltd. I have written this report based on my exposure to General banking, Foreign exchange, Loan and Advance department of main branch, Mercantile Bank Ltd. It is a great pleasure for me to present you this report. I shall be glad if the report can serve its purpose and I am ready to explain anything to you if you feel necessary. Thanking You, Sincerely Yours, Sabbir Ahmed Reg – 11102003 Group – A, BBA Department of Business Administration The University of Asia Pacific Preface Preface The diversity and variety of the world’s nations are not only a source of delight for humanity;...
Words: 4928 - Pages: 20
... 2. Fx performance and bank profitability 3. Credit operation and management 4. Credit risk management 5. Corporate banking 6. 1. A WORKING REPORT ON FOREIGN EXCHANGE BANKING SERVICES: An Analysis of The BASIC Bank Limited(Autumn 2011). 2. Advance & foreign Remittance Service” National Credit & Commerce Bank View (Autumn 2011). 3. Working Report on “credit policy and credit Risk Management of International Finance Investment and Commerce Bank Limited”.(autumn 2011). 4. A WORKING REPORT ON FOREIGN EXCHANGE OPERATION OF COMMERCIAL BANK OF CEYLON PLC AND COMPARATIVE STATISTICAL ANALYSIS BETWEEN COMMERCIAL BANK OF CEYLON PLC AND EASTERN BANK LTD.(spring 2012). 5. ADVANCE WORKING REPORT ON FOREIGN EXCHANGE OPERATION AND PERFORMANCE EVALUATION ON MUTUAL TRUST BANK LIMITED. FIROZA BEGUM (ID #0920623) (Autumn 2012) 6. Investigating the levels of satisfaction of Local Corporate clients in Standard Chartered Bank regarding the various services offered by Local Corporate.(Autumn 2012) 7. CREDIT RISK MANAGEMENT ANALYSIS OF UNITED COMMERCIAL BANK LTD. Autumn 2012 8. A WORKING REPORT ON FOREIGN EXCHANGE PROCEDURE OF NATIONAL CREDIT AND COMMERCE BANK LIMITED 9. FOREIGN EXCHANGE PROCEDURES OF SOUTHEAST BANK LIMITED: A WORKING REPORT ON GULSHAN BRANCH, DHAKA spring 2010 10. A WORKING REPORT ON FOREIGN EXCHANGE PROCEDURE OF NATIONAL CREDIT AND COMMERCE BANK LIMITED spring 2010 ...
Words: 259 - Pages: 2
...crores (fiscal year ended March 31, 2015) Number of employees 7,500 Citibank financials: https://www.online.citibank.co.in/portal/newgen/home/Website-Citibank-Financials-2015.pdf Citibank India is an Indian private sector bank headquartered in Mumbai, Maharashtra. It is a subsidiary of Citigroup, a multinationl financial services corporation headquartered in New York City, United States. The Indian Headquarters are at Bandra Kurla Complex, a hub for multinational corporations in Mumbai. Currently, Citigroup, the owner of Citibank India, is the largest foreign direct investor in financial services in India with a total capital commitment of approximately US$4 Billion in its onshore banking and financial services business and its principal and alternate investment programmes.It operates 44 full-service Citibank branches in 31 cities and over 700 ATMs across the country. Citibank is an employer of about 7,500 people. Citi offers consumers and institutions a broad range of financial products and services,including consumerbanking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi's franchise in India includes businesses such as equity brokerage, equities distribution, private banking (Citi Private Bank) and alternate investments and private equity (CVCI). Tagline/ Slogan: Citi Never Sleeps SWOT Analysis Strength 1. Strong brand name and good financial position 2. Extensive portfolio for the customers 3. Strong advertising...
Words: 2243 - Pages: 9
...Westminster International University in Tashkent International Aspects of Business Law 2012 - 2013 Legal Risks in Emerging Markets – Evaluation and Mitigation Legal Risks in Emerging Markets – Evaluation and Mitigation Student’s ID number | 000090 | Module name | International Aspects of Business Law | Module code | 6241170 | Tutor | Eldor Mannopov | Individual assignment | x | Group assignment | | Submission deadline | 13 March, 2013 | For Academic Registrar use only | TABLE OF CONTENTS: INTRODUCTION 3 DEFINING LEGAL RISK LEGAL RISKS IN INTERNATIONAL TRADE LEGAL RISKS COUNTRY PROFILES 4 - MALAYSIA - THAILAND 5 - VIETNAM 7 - CAMBODIA 8 CONCLUSION 9 REFERENCES 10 ITRODUCTION: Cowan PLC specializes in producing copper tubing. Following globalization and internationalization tendencies the company is currently considering an option of exporting...
Words: 4109 - Pages: 17
...years back Bangladesh Bank undertook a project to review the global best practices in the banking sector and examines in the possibility of introducing these in the banking industry of Bangladesh. Four ‘Focus Groups’ were formed with participation from Nationalized Commercial Banks, Private Commercial Banks & Foreign Banks with representatives from the Bangladesh Bank as team coordinators to look into the practices of the best performing banks both at home and abroad. These focus groups identified and selected five core risk areas and produced a document that would be a basic risk management model for each of the five 'core' risk areas of banking. The five core risk areas are as follows- a) Credit Risks; b) Asset & Liability / Balance Sheet Risks; c) Foreign Exchange Risks; d) Internal Control & Compliance Risks; and e) Money Laundering Risks. Bangladesh Bank in one of it’s circular (BRPD Circular no.17) advised the commercial banks of Bangladesh to put in place an effective credit approval and monitoring system by December, 2003 based on the guidelines sent to them. In my study, I would try to put forward my findings about the “Credit Management Policy of Bangladesh Bank, and its implementation”. To illustrate my point, I am giving the example of Bank Asia Limited. 2. Objectives of the study. Broad objective: ❖ The broad objective is to know the Credit Management Policy of Bangladesh Bank. ❖ To analyze...
Words: 20562 - Pages: 83
...CHAPTER-ONE INTRODUCTION 1.0 Background of the Study Islami Bank Bangladesh Limited (IBBL) is the first of its kind in the South East Asia which was established in 1983 with a view to provide banking services based on Islamic principles. The bank, which started its operation with only 3 branches in the first year of its inception, has now 254 branches in 28 years of operation. As a bank, Islami Bank Bangladesh Limited receives deposits from its customers from all over the country as well as from abroad on profit and loss sharing basis and deploys that fund to different investment clients to gain profit. The bank distributes an agreed portion of the profit earned to the customers and the shareholders. Islami Bank Bangladesh Limited also performs foreign exchange business. In this process, the bank endeavors to contribute to the betterment of the society. In the context of open market economy, the foreign exchange business is growing rapidly and playing a vital role in the economic growth of a country. About 40 % of total business of our country is rolling through foreign exchange transaction. Islami Bank Bangladesh Limited has significantly contributed in flow of international transactions. Among the private commercial bank of our country IBBL is being kept the first position in export, import, remittance flow and as well as earnings the operating profit. Why I have chosen this topic, because to focus the foreign exchange banking performance of IBBL & its activities as based...
Words: 4828 - Pages: 20
...------------------------------------------------- Financial System of Bangladesh The Financial System is a set of institutional arrangement through which surplus units transfer their fund to deficit units. At present the financial system in Bangladesh is mainly composed of two types of institutions like banks and non-bank financial institution (NBFIs). The formal financial sector in Bangladesh includes: (a) Bangladesh Bank as the central bank, (b) 48 commercial banks, including 4 Government owned commercial banks, 30 domestic private banks (PCBs) (of which 6 banks are operating under Islamic Shariah), 9 foreign banks (FCBs) (of which 1 bank is operating as Islamic bank); and 5 government-owned specialized banks (DFIs); (c) 28 non-bank financial institutions (NBFIs) – licensed by the Bangladesh Bank); (d) 2 large government- owned insurance companies (life and general) and 60 private owned (17 life and 43 general) insurance companies; (e) 2 stock exchanges and, (f) some co-operative banks. Besides, a good number of semi-formal micro finance institutions (MFIs) also are operating in Bangladesh. Structure of Financial System: The main constituents of financial system are : i) Financial Institutions ii) Financial Instruments, and iii) Financial Markets. Financial Institutions The modern name of Financial Institution is Financial Intermediary (FI), because it mediates or stand between ultimate borrowers and ultimate lenders and helps transfer funds from one to another...
Words: 6352 - Pages: 26
...Internship Report Format [This internship report is submitted in partial fulfillment of the requirement for the Degree of Bachelor of Business Administration -Major in Accounting] Prepared & Submitted by www.AssignmentPoint.com Letter of Transmittal Date: Name: Designation Address of Institution Sub: Submission of the Internship Report. Dear Sir, ................................................................................................................................................ ................................................................................................................................................ ...................................................... ...................................................................................................................... Thanking you. ………………. Name ID no. MBA Program Name of the Institution Supervisor’s Declaration ................................................................................................................................................ ................................................................................................................................................ ...................................................... ...................................................................................................
Words: 17626 - Pages: 71
...Institutions (Course Code: Bus 421). We have tried our best to prepare this term paper perfectly. Nevertheless, this paper has been suffered by time and other resource limitation. We will be obliged, if you kindly accept this term paper. We are ready to make you clear regarding any confusion or further clarification from this term paper. Sincerely yours, Nasrin Akter (On the behalf of all the group members) Table of contain Title | Page no | Executive summary ……………………………………....……4Introduction ……………………………………..….………….5History………………………………….…………….…...........5Features of Islamic bank………………………………………..6Who follow……………………………………………………...6Who are the customers ………………………………………….6Principles of Islamic banking……………………………………6Worldwide Islamic banking ……………………………………..7Activities of Islamic Banks...
Words: 5384 - Pages: 22
