Introduction A bank is a financial intermediary that accepts deposits and channels those deposits into lending activities‚ either directly or through capital markets. A bank connects customers with capital deficits to customers with capital surpluses. Banking is generally a highly regulated industry‚ and government restrictions on financial activities by banks have varied over time and location. The Banking Industry was once a simple and reliable business that took deposits from investors at
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Chapter-1 Introduction of the report 1.1 Origin of the report A three months internship program with a particular organization and a report assigned by the academic supervisor is mandatory for every student of Bachelor of Business Administration of BRAC UNiveristy. I got the opportunity to do my internship in “The Prime Bank Limited”-Mohakhali Branch. I started my internship in Prime Bank Limited-Mohakhali Branch on 12th February and ended on 10th May 2012. Throughout my internship period Samina
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CHAPTER-04 OPERATION OF FOREIGN REMITTANCE IN NBL KAWRAN BAZAR BRANCH 4.1 FOREIGN EXCHANGE: Foreign Exchange Department is the international department of a bank. It deals globally. It facilities international trade through the various modes of services it possess. If the branch is an authorized dealer in foreign exchange market‚ it can remit foreign exchange from home country to foreign countries. The department mainly deals with foreign currencies. Hence it is called foreign exchange department
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IT helps Australian bank achieve carbon-neutrality National Australia Bank has adopted tri-generation‚ private cloud‚ modular data centres National Australia Bank (NAB)‚ one of Australia’s big four banks‚ has detailed how changes to its data centres helped the organisation to become carbon neutral in a white paper (PDF) issued by the Open Data Center Alliance. The bank says it has been carbon neutral since 2010‚ thanks in large part to work on its data centres‚ which account for 43% of all energy
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CTU351 INDIVIDUAL ASSIGNMENT RHB Islamic Banking NAME : ATIQAH BT NORDIN SECTION : 12.6.21 COURSE : BM112 LECTURER’S NAME : USTAZAH ZURAIDAH ACKNOWLEDGEMENT I admit that this is the result of my own work or effort Date : 3 JULY 2013 ( _____________________) ATIQAH BT NORDIN
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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 207 branches in 26 years of operation. As a bank‚ Islami Bank Bangladesh Limited receives deposits from its customers from all over the country as well
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Distortions 7 8. Financial Press Discussions 7 9. References 8 1. Executive Summary The aim of this report is to provide an accounting analysis of the 2011 annual report for Bank of Queensland Limited (BOQ)‚ and a critique of the reporting of their performance. The report discusses the choice of accounting policies and the flexibility of these policies. The main objective of this report is to evaluate and recognise the possibility of using creative accounting within the company‚ recognise and
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Activity Based Costing in the Service Sector: The Buckeye National Bank 1. a) single indirect cost allocation rate: total indirect costs/total amount of checks processed $2‚850‚000/$95‚000‚000 = $0.03 per dollar processed b) total annual indirect cost assigned to the retail customer line and the business customer line: amount of checks processed x allocation rate = total indirect costs $9‚500‚000 x $0.03 = $285‚000 (retail customers) $85‚500‚000 x $0.03 = $2‚565‚000 (business customers)
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The importance of making a bank deposit right away It is important to make bank deposits for a medical office as quickly as possible for many reasons. One of the important reasons would be that it is a courtesy of the maker of the check. If the check isn’t deposited in a timely fashion then their checkbook will become off balance and they would have to spend time figuring out the reason why and that could be upsetting to the patient and possibly make the medical office look bad. If the maker of
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The National Bank of Kuwait Bennacef Arafet Group : 3 ( sophomore) 1) Since the development of the new ERP SHOROUQ system in NBK‚ the company has been changed essentially. The new system was originally developed according to the group’s mission to establish a leadership position across the region. This is why an IT transformation project including a full revamp of the core systems and associated decision support tools with more focus towards Business Intelligence (BI) was urgent and pertinent
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