Internship Report of Ab Bank Limited
1. Introduction
The word “Bank” refers to the financial institution deals with money. Commercial banks are the primary contributor to the economy of the country. They are borrowing money from the locals and lending the same to the business as loans and advances. So the people and the government are very much dependent on these banks as the financial intermediary. Moreover, banks are profit -earning concern, as they collect deposits at the lowest possible cost and provide loans and advances at higher cost. The differences between two are the profit for the bank.
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 services and opportunities providing to their clients. As a result, it has become essential for every person to have some ideas on the bank and banking procedure. Besides these various kind rules and regulations are formulated to check unexpected threats such as money laundering and to cope with rapid change and challenge of competitive free market economy.
As core concentration of this study was foreign division, so this study is concerned with specific area of managing import and export procedures to promote logistic support in business.
1.2 Objective of the study
The main objective of the study is to analyze the foreign exchange business of AB Bank Limited. There are some specific objectives on the way of achieving the main objective. These are as follows: ➢ To discuss about the import & export policy of the sample branch. ➢ To analyze the export and import functions and financing of the branch ➢ To focus on growth and development of foreign Exchange business in ABBL,
The word “Bank” refers to the financial institution deals with money. Commercial banks are the primary contributor to the economy of the country. They are borrowing money from the locals and lending the same to the business as loans and advances. So the people and the government are very much dependent on these banks as the financial intermediary. Moreover, banks are profit -earning concern, as they collect deposits at the lowest possible cost and provide loans and advances at higher cost. The differences between two are the profit for the bank.
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 services and opportunities providing to their clients. As a result, it has become essential for every person to have some ideas on the bank and banking procedure. Besides these various kind rules and regulations are formulated to check unexpected threats such as money laundering and to cope with rapid change and challenge of competitive free market economy.
As core concentration of this study was foreign division, so this study is concerned with specific area of managing import and export procedures to promote logistic support in business.
1.2 Objective of the study
The main objective of the study is to analyze the foreign exchange business of AB Bank Limited. There are some specific objectives on the way of achieving the main objective. These are as follows: ➢ To discuss about the import & export policy of the sample branch. ➢ To analyze the export and import functions and financing of the branch ➢ To focus on growth and development of foreign Exchange business in ABBL,
References: ✓ Gordon E. & Natarajan K. : Banking Theory, Law and Practice (Himalayan Publishing House, 2000) ✓ International Trade Finance-Journal (Bangladesh institute of Bank Management)