Report on Trust Bank
Chapter 1
Introduction
1.1 Introduction
Bangladesh is one of the least developed countries in the world. To bring about desired change in the socio-economic field, the role of the banks cannot be over emphasized. Agriculture, commerce and industry provide the bulk of countries wealth, without adequate banking facilities none of these can flourish.
In international trade of country, the role of a bank is simply indispensable. Banks also contribute toward the development of capital market of a country. The development of agriculture is also largely dependent on the quality of banking services available in a country.
The environment of Bangladesh has realized the need for a developed banking system for the overall development of the country. Government has also realized that nationalized banks alone are not enough to meet this demand and challenges of the economy of the country.
Bank is an organization which gathers the idle scattered money from the people and invests them in to the development of the country. It forms different methods to bring it beneficiary for both the Bank and depositors. The revenue earning sources of banks are mainly loans and advances. The credit facility can be of two types: funded and non-funded. Funded credit can be expensive for the banks as the bank has to pay interests. Non-funded credit includes Letter of Credit which is the main source of income for the foreign exchange business.
If a bank can increase its import and export transactions, its profit will obviously reach a higher level, as the costs are negligible.
This report is an attempt to reflect the procedures, policies, activities of the Foreign
Exchange Business of Trust Bank Limited.
1.2 Origin of the Report:
Bachelor of Business Administration (BBA) is a comprehensive professional course designed to make professionals with better business and administrative knowledge.
Introduction
1.1 Introduction
Bangladesh is one of the least developed countries in the world. To bring about desired change in the socio-economic field, the role of the banks cannot be over emphasized. Agriculture, commerce and industry provide the bulk of countries wealth, without adequate banking facilities none of these can flourish.
In international trade of country, the role of a bank is simply indispensable. Banks also contribute toward the development of capital market of a country. The development of agriculture is also largely dependent on the quality of banking services available in a country.
The environment of Bangladesh has realized the need for a developed banking system for the overall development of the country. Government has also realized that nationalized banks alone are not enough to meet this demand and challenges of the economy of the country.
Bank is an organization which gathers the idle scattered money from the people and invests them in to the development of the country. It forms different methods to bring it beneficiary for both the Bank and depositors. The revenue earning sources of banks are mainly loans and advances. The credit facility can be of two types: funded and non-funded. Funded credit can be expensive for the banks as the bank has to pay interests. Non-funded credit includes Letter of Credit which is the main source of income for the foreign exchange business.
If a bank can increase its import and export transactions, its profit will obviously reach a higher level, as the costs are negligible.
This report is an attempt to reflect the procedures, policies, activities of the Foreign
Exchange Business of Trust Bank Limited.
1.2 Origin of the Report:
Bachelor of Business Administration (BBA) is a comprehensive professional course designed to make professionals with better business and administrative knowledge.
Bibliography: Tel: 9570261, 9570263, and 9572012-3 Fax: 880-2-9572315