AB Bank Limited BCIC Bhaban 30-31 Dilkusha Commercial Area Dhaka 1000 AB Bank Limited _____________________ Auditors’ report and consolidated financial statements for the year ended 31 December 2011 S. F. AHMED & CO Chartered Accountants House 25, Road 13A, Block D, Banani, Dhaka 1213, Bangladesh Telephones (880-2): PABX 989-4346 & 989-4258 Others 881-6467 & 881-5101 Fax (880-2): 882-5135 E-mails: (i) sfaco@citechco.net (ii) sfaco@sfahmedco.org Website: www.sfahmedco.org Auditors’
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MAHARASHTRA GRAMIN BANK MODEL EDUCATIONAL LOAN SCHEME FOR PURSUING HIGER EDUCATION IN INDIA AND ABROAD 1. INTRODUCTION: Education is central to the human resources development and empowerment in any country. National and State level policies are framed to ensure that this basic need of the population is met through appropriate public and private sector initiatives. While government endeavour to provide primary education to all on a universal basis, public funding of higher education is
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MONEY & BANKS …. THE HIDDEN TRUTH BEHIND GLOBAL DEBT . 1) What is money... how is it created and who creates it? 2) Why is almost everyone up to their eyeballs in debt... individuals, businesses and whole nations? 3) Why can’t we provide for our daily needs - homes, furnishings cars etc. without borrowing? 4) How much could prices fall and wages increase if businesses did not have to pay huge sums in interest payments which have to be added to the cost of goods and services they supply
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INVESTMENT BANK Definition:- Investment bank is a financial institution that assists individuals, corporations, and governments in raising capital by underwriting and or acting as the client's agent in the issuance of securities. An investment bank may also assist companies involved in mergers and acquisitions and provide ancillary services such as market making, trading of derivatives and equity securities, and FICC services (fixed income instruments, currencies and commodities).
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larger purchases such as a car or a new home. Not many of us think about the uses or functions of money, we just know that we need money to obtain the things that we want. This paper will discuss the purpose and functions of money, how the Federal Bank manages the United States monetary system, outline the stated direction of recent monetary policies within the U.S. listing at least one policy action that the Federal Reserve has taken to confirm that direction, and explain the effects of monetary
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Definition | | | | A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time. Under section 13 of the Negotiable Instruments Act, “a negotiable instrument” means a promissory note, bills of exchange or chequ payable either to order or to bearer”. According to Judge Willis: “A negotiable instrument is one the property in which is acquired by every person who takes it bonafide and for value, not withstanding any defect of title
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Accounting Information Systems & Processes – ACC00718 Assessment Two. Marks will be awarded for: 1. Understanding and discussion of the topic (30 marks). You are expected to answer each of the questions contained in the assignment. You’re answer should fully address the requirements of each question and be in your own words. Simply restating the contents of the text book, study guide or PowerPoint slides does not show individual understanding of the topic. Your answers should contain
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parameter of bank profitability, intermediation cost, and the degree of efficiency of the banking sector. The IRS shows the additional cost of borrowing that bank takes on to perform intermediation activities between borrowers and fund lenders. The market structure plays an important role in determining IRS. From a bank's perspective, IRS is a premium for the risk that the bank undertakes. Besides, it compensates for loan default, but also for the risk related to cost of funding. Banks usually borrow
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Douglas, Heron & Company, operating as the Ayr bank, was established in Scotland in 1769 based on the scheme championed by Scotsman John Law. Law believed that confidence was the basis of credit. Before this paper money had to be backed by gold, he felt banknotes would be just as valuable as coins of silver and gold. This made credit very risky as it now became dependent almost solely on confidence. Virtually overnight the bank handed out excessive loans to their privileged customers, with little or
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large bank you selected in Assignment 3. Use the Internet to research loan types that the bank offers, nontraditional banking products that the bank offers, and its loan policies. Write a six to eight (6-8) page paper in which you: 1. Provide an overview of the principal types of deposits offered by this bank, indicating the competitiveness of these offerings. 2. Analyze how the bank manages its non-deposit liabilities. Focus on the options that are open for investors and what the bank does
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