... Shahriyar Anam Course Instructor 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 ...
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...Performance ratio of Mercantile Bank By: Sazzad Ferdous ID: 18-056 Chapter-1 Introduction: Banking system occupies an important place in a nation’s economy. Banking institution is indispensable in a modern society and it plays a vital role in the economic development of a country. Against the background of liberalization of economic policies in Bangladesh, Mercantile bank Limited emerged as a new commercial bank to provide efficient banking services with a view to improving the socio-economic development of the country. Mercantile Bank Limited is a scheduled private commercial bank established on May 20, 1999 under the Bank Company Act, 1991 and incorporated as a Public Limited Company under Company Act, 1994. The Bank started commercial banking operations from June 02, 1999. During this short span of time, the Bank has been successful to position itself as a progressive and dynamic financial institution in the country. The Bank had been widely welcome by the business community, from small entrepreneurs for forward-looking business outlook and innovative financing solutions. Thus, within this very short period it has been able to create an image for itself and has earned significant reputation in the country’s banking sector as a bank with vision. The company Philosophy –“efficiency is our strength” has been exactly the essence of success of this Bank. Mercantile Bank Limited has been licensed by the Government of Bangladesh as a scheduled Bank in the private sector...
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...report’s topics that I have submitted to you. Consequently, I am transmitting these topics of the report to your very concern. Hopefully, you will assign me one of the topics so that I can start preparing the report. In case of any further clarification or elaboration regarding these topics I would welcome the opportunity to consult with you. Sincerely yours, ____________ Md. Tanvir Hasan ID: 15-088 Department of Banking & Insurance University of Dhaka Selected Topics for Internship Report: Topic 1: Foreign Exchange Mechanism of Mercantile Bank limited. Objective of the Report General Objective The main objectives of the study to gain practical exposures about “Foreign Exchange Mechanism: a comprehensive Study of Mercantile bank Ltd. Specific Objectives The specific focuses of the study are: * To know the regulation and deregulation regarding Foreign Exchange in Bangladesh. * To analyze the export and Import procedure...
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...Introduction In order to know about a financial organization like a bank, a person should know all section of the financial organization in times. We intend to provide minimum background and procedural guidelines to examiners responsible for evaluating a bank’s activities. Definition of the Bank Bank is defined as a financial institution that collects deposits from various individual and organizations and provides loans to those who need it. But modern banks do not mean only the means of collecting and disbursing money to various entities. Rather it provides various services to various entities which facilitate their business operations. The functional definition of bank is that “it is a financial institution, which accepts money from its customers as deposit and gives money as loan to the borrowers.” According to a prominent economist R.S. Sayers, “A Bank is an institution whose debts are widely accepted in settlement of other peoples’ debts to each other. Another economist C. Cross defined, “A Bank is financial intermediary-a dealer in loans and debts.” Overview of Mercantile Bank Limited MBL in Bangladesh Banking system occupies an important place in a nation’s economy. Banking institution is indispensable in a modern society and it plays a vital role in the economic development of a country. Against the background of liberalization of economic policies in Bangladesh, Mercantile bank Limited emerged as a new commercial bank to provide efficient banking services with a view to improving...
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...Chapter- 1 Introduction 1. Introduction to the Report: Bank is defined as a financial institution that collects deposits from various individual and organizations and provides loans to those who need it. But modern banks do not mean only the means of collecting and disbursing money to various entities. Rather it provides various services to deferent entities which facilitate their business operations. A foreign exchange operation of banks is one of those services that not only facilitates the business of businessmen but also contributes to the development of the economy as a whole. Foreign exchange is defined as the mechanisms by which the currency of one country is converted into the currency of another country. Foreign exchange is the means and methods by which rights to wealth in a country's currency are converted into rights to wealth in another country's currency. Foreign exchange department of banks plays significant roles through providing different services for the customers. 1.2 Scope of the Report: As internship is only at the Mercantile Bank Limited, Main Branch, the scope of the study is only limited to this branch. The report covers its overall foreign exchange function. The report covers import, export and remittance activities about MBL. Besides it covers topic such as evolution of banking business, evolution banking business in BD, world economic scenario and Bangladesh economy scenario, background of MBL has also been discussed. 1.3 Methodology...
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...Date: To Dr. Abdul Awal Khan Professor & Dean School of Business Asian University of Bangladesh, Dhanmondi Campus, Dhaka-1209. Subject: Submission of Internship Report. Dear Sir: I have great pleasure to replace before you my Practical Orientation in Bank report on Mercantile Bank Limited, 25/1, Zindabahar 1st Lane, Nayabazar, Dhaka, where I have completed my orientation in Bank program from 1st April to 30th June 2007 as a part of the BBA curriculum. I have observed and studied different functions of a bank and was assigned to submit a report on “A Practical Orientation Mercantile Bank Limited”. To prepare this report, I have gathered what I believe to be the most complete information available. Much of the information has been collected by reading different books, articles, annual report, web site etc, related to the Banking arena. The experience I have gathered during this period will remain as an invaluable asset of immense useful in my life. I have worked hard preparing this report and I hope it will satisfy my course requirement for BBA Program. I will be always available for answering any query on the report. I request you to excuse me for any mistake that may occur in the report despite of my best effort. Thanking You Sincerely yours, _____________ Imtiaj Uddin ID# 200310140 ACKNOWLEDGEMENT I am very glad that in spite of many limitations I have completed the Report successfully. Preparing this report, I received cordial and sincere assistance from many concerns...
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...MERCANTILE BANK LTD Snapshot of MERCANTILE BANK LTD (MERBNK) OPEN$406.00 | | PREVIOUS CLOSE$405.00 | DAY HIGH$407.75 | | DAY LOW$403.00 | 52 WEEK HIGH02/7/10 - $490.98 | | 52 WEEK LOW09/3/09 - $222.95 | MARKET CAP-- | | AVERAGE VOLUME 10 D394.8K | EPS TTM-- | | SHARES OUTSTANDING0.0 | MERBNK Does Not Pay Dividends | | P/E TTM-- | K = Thousands M = Millions B = Billions | MERBNK:BD Historical Stock Quote MERBNK:BD Advanced Stock Chart MERBNK Details Mercantile Bank Limited provides various commercial banking services in Bangladesh. The company provides a range of services, including accepting deposits, making loans, discounting bills, and conducting money transfer and foreign exchange transactions, as well as performing other related services, such as safe keeping, collections, issuing guarantees, acceptances, and letters of credit. Its deposit products include double benefit deposit, family maintenance deposit, monthly savings, quarterly benefit deposit, special savings, advance benefit deposit, and pension and family support schemes. The company also offers consumers credit, doctor’s credit, car loan, and rural development schemes, as well as provides lease financing, personal loans, and small loans. In addition, it offers online services; and debit and credit card facilities. As of December 31, 2008, the company operated 42 branches and 3 small and medium enterprise service centers in Bangladesh. Mercantile Bank Limited was founded in 1999 and...
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...An Overview of SME On Mercantile Bank Submitted to: Sharmin Sabnam Rahman 1st Supervisor Kohinur Akter 2nd Supervisor Submitted by: SHETU GUPTA ID# 05104092 Course no-Bus400 1 May 13, 2010 Sharmin Shabnam Rahman ( Lecturer) BRAC Business School BRAC University, 66, Mohakhali, Dhaka- 1212 Dear Madam, I am very pleased to submit my internship report on “Mercantile bank Limited” which is an essential requirement for the completion of BBA program. This report is the result of the Internship Program that I have conducted in Mercantile Bank Limited at Bijoynagar Branch. All the information presented in this report is done with outmost sincerity and honesty. I have tried my best to make this report holistic and informative. Apart from the academic knowledge gained, this internship program and preparation of this report have given me the opportunity to know about the overview of SME Loan. I believe that, the experience I have acquired from this Internship Program will be a valuable asset in my life. Working with such an interesting program has given me the opportunity to achieve experience, which will be helpful in my future professional career. However, there may be some mistakes or lacking due to some limitations. Therefore, I would be highly be obliged if you would kindly consider my limitations. Sincerely Yours, _________________ Shetu Gupta ID- 05104092 BRAC Business School BRAC University. 2 Acknowledgement The report titled as “Overview of SME loan...
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...Chapter -1 INTRODUCTION RATIONALE OF THE STUDY In order to fulfill the requirement of the MIS course, it has chosen Mercantile Bank Ltd. Our course instructor Rakib has selected the overall topic of the report. The topic of my report is “Management Information System Of Mercantile Bank Ltd”. METHODOLOGY OF THE REPORT Primary objective: The primary objective of this report is to familiar with the working environment of present institutions and also fulfill the requirement of BBA theoretical knowledge gained from the coursework of the BBA program in a specific field. Secondary Objective: To Understand and analyze the overall activities of Mercantile Bank Limited To evaluate the existing MIS activities and techniques of Mercantile Bank Limited To study the operational efficiency of Mercantile Bank Limited To suggest the ways and means for improvement of MIS in policy and techniques SCOPE OF THE STUDY The scope of the repor5t is limited to the overall description of the bank, its services, its position in the industry and its competitive advantages. The scope is also defined by the organizational set-up, functions and performances. Here, Mercantile Bank Limited is compared with the different foreign and local banks as well. LIMITATION OF THE STUDY The one of the main limitations of the report was to conduct a small-scale survey on clients. * ...
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...Choose any futures exchange and elaborate on its characteristics and give a detailed description of its activities. Introduction Futures belong to the class of securities known as derivatives since its value is derived from the value of some other security. A futures contract is similar to a forward contract. Noting the shortcomings of the forward market, particularly the need and the difficulty in finding a counter party, the futures market came into existence. Futures contract is an agreement between two parties, that is a buyer and a seller, to buy or sell a particular currency or commodity at a future date, at a particular exchange rate that is fixed or agreed upon today. Characteristics Futures contract is much more liquid than forward contract as it is traded in an organized exchange, the futures market (just like the stock market). Futures contracts are standardized contracts and thus are bought and sold just like shares in the stock market. [pic] Futures contract is much more liquid than forward contract as it is traded in an organized exchange, the futures market (just like the stock market). Futures contracts are standardized contracts and thus are bought and sold just like shares in the stock market. It is also a legal contract just like the forward contract, but the obligation can be ‘removed’ before the expiry of the contract by making an opposite transaction. As for hedging with futures, if the risk is an appreciation of value one...
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...students. The report includes the practical knowledge and information observed and obtained during the program. As an intern I was appointed to the Mercantile Bank Limited, A.K.Khan Branch. Mercantile Bank Limited is a specialized financial institution that performs most of the standard banking services and investment activities on the basis not only profit sharing but also social partnership. This study attempts to analyze the nature of modern banking activities and performance of Mercantile Bank Limited. All through the internship program, close observation was made on different banking activities of Mercantile Bank Limited. Its performance was reviewed and analyzed through the annual reports, and internal records of the bank. I have tried my best to use this opportunity to enrich my knowledge on banking system. After observing thoroughly, I have prepared this report on the basis of my findings and observation relating to the topic. In this situation I was assigned to prepare report on “A study on the Accounting Information System at Mercantile Bank Limited in Bangladesh”. 1.2 Objective of study General objective: * The prime objective of this report is to analyze the “A study on the Accounting Information System At Mercantile Bank Limited in Bangladesh” Specific objectives: To evaluate the financial performance of Mercantile Bank Limited 1. To conceptualized AIS at Private Banking Sectors. 2. To know about the system mainly Private Banking Sectors follow in the operation...
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...1.0 Introduction 1.0 Background of the report As the student of Bachelor of Business Administration (BBA) every student has to conduct a practical orientation (Internship) on any organization for fulfilling the requirements of the B.B.A program. In order to fulfill this requirement of the Internship program I choose Mercantile Bank Limited (MBL). The main purpose of the program is to know the real world situation. The topic of my report is “General banking &credit on Mercantile Bank Limited”. In this regard I have opportunity to make my internship in Mercantile Bank Limited from July 22 to October22, 2009. The Mercantile Bank Limited is a scheduled private commercial bank established on May 20, 1999 under Bank Company Act, 1991 and incorporated as a public limited company under companies act, 1994. The bank started commercial banking operation from June 02, 1999. During this short span of time, the bank has been successful to position itself as a progressive and dynamic financial institution in the country. Involvement of the banking sector in different financial events is increasing day by day. At the same time the banking process is becoming faster, easier and the banking arena is becoming wider. As the demand for better service increases, the banking organizations are coming with innovative ideas. In order to survive in the competitive field of the banking sector, all banking organizations are looking for better service opportunities to provide to their clients. ...
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...Mercantile Bank Limited THURSDAY, AUGUST 11, 2011 I.1 Mercantile Bank Ltd at a glance Mercantile Bank Limited is one of the famous & oldest private banks in Bangladesh. It is a scheduled private commercial Bank established on May 20, 1999 under the Bank Company Act 1991 by Mr. Abdul Jalil (MP), & registered as a Public Limited Company under Companies Act, 1994. The Bank started commercial Banking operations for both organizations & individuals from June 02, 1999. From then within a short time MBL established itself in a strong position in the economy of the country having 35 branches all over the country. It has earned significant reputation in the country’s Banking sector as a Bank & created a wide image in the eye of the people by helping people in investing their money earn profits & serving different organizations to save their money is secured place along with investing in different other businesses for profit, organizational development, country’s economic growth & exchanging money & dealing international business in foreign currency. The dream of creating MBL, which is ‘A Bank of 21st Century’, & fulfilling its will to become “Banglar Bank” as its title says has become successful because of the initiative of some persons who are the sponsors of MBL. There are 30 sponsors in Mercantile Bank Limited and all of them are highly regarded for their entrepreneurial competence. Mercantile Bank Ltd. has consistently turned over good returns on Assets and Capital. Until...
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...RESEARCH PAPER On TRADE FINANCE IN SOUTH ASIA A Comparative study on Mercantile Bank Limited, BANGLADESH By Md Helal Uddin M. Com (Marketing) 1st Class 1st, MBA (Finance & Accounting), First Assistant Vice President, Mercantile Bank Limited, Address: 61 Dilkusha C/A, Dhaka-1000, Bangladesh, Phone: +88029559333 Ext 119 Mobile: +8801 713199820 Fax: +9554410, Email: ranambl@yahoo.com Electronic copy available at: http://ssrn.com/abstract=1010549 August 21, 2007 To The School of Banking & Finance and the Asia Pacific Financial Research Centre at the University of New South Wales Dear Sir or Madam: Subject: TRADE FINANCE IN SOUTH ASIA A Comparative study on Mercantile Bank Limited, BANGLADESH With due respect, I am submitting here with my Research paper on the abovementioned title for the 20 th Australasian Finance & Banking Conference in Sydney on the 12 th , 13 th & 14 th December, 2007. It was a great pleasure to me to work with the topic since I am also serving in Bank. I have tried my best to make the report comprehensive and acceptable. Please, do call me for any clarification regarding the report, if required. Thanking you. Sincerely yours. Md. Helal Uddin Electronic copy available at: http://ssrn.com/abstract=1010549 INTRODUCTION The Trade Finance is science that describes the management of money, banking, credit, investments and assets for international trade transactions. Companies involved with trade finance include...
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...internship on National Credit & Commerce Bank Limited –NCCBL Motijheel Branch on 19th September and ended on 19th December 2013. Throughout my internship period Fatima Satter, Lecturer of Eastern University was my academic supervisor and Md.Ayub Assistant Vice President &MD.Masum Manager Operation was my field supervisor. A study on a particular topic is a mandatory part of the internship program. I was authorized to make a study on the “performance evaluation on National Credit & Commerce Bank Limited”. In this whole study I tried to connect my own financial knowledge to the financial data of. I tried my level best to produce a quality study on “Performance evaluation on National Credit & Commerce Bank Limited”. 1.2 Problem Statement & Justification The financial performance evaluation on bank is unknown. The reason for the research was to do a pilot study and we wanted to identify bank’s financial data analysis or change in year by year. By this study Bank organization can make better decision to improve their growth and to compare the competitor they visualize their position. 1.3Limitations of the study It was a great opportunity for me to work in NCC Bank limited as an Intern and a make a study on the financial performance analysis of it but there were surely some limitations while making this study. They are- * Difficulty in accessing latest data of internal operations for data security. * Since the bank personnel are very busy with their activities...
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