2nd May, 2004

To
Dr. Dilip Kumar Sen,
Professor,
School of business,
Independent University, Bangladesh (IUB)

Subject: Submission of the report on Analyzing the services of the Foreign Exchange

Division of United Commercial Bank Limited (UCBL).

Dear Sir,
It is a great pleasure for me that I have the opportunity to submit the internship report on the
Analyzing the services of the Foreign Exchange Division of United Commercial Bank

Limited (UCBL).
The internship program gave me an opportunity to have an exposure to the working environment
and on-the-job experience at Finance and IT dept of United Commercial Bank limited. I have
acquired a good understanding on performance analysis, financial statement analysis, preparation
of financial statement, managerial functions etc.
I have tried my level best to put in meticulous effort for the preparation of this report. Any
shortcomings may arise. I will wholeheartedly welcome any clarification and suggestion about
any view and conception disseminated through this report.
Thanking you
Sincerely yours

S.M. Alamgir Hossain

ID # 9921050

ACRONYMS
UCBL - United Commercial Bank Limited.
ABBL - Arab Bangladesh Bank Limited.
DBL - Dhaka Bank Limited.
IBL - Islami Bank Limited
MBL - Mercantile Bank Limited
BAL - Bank Asia Limited
MD - Managing Director.

FEB - Foreign Exchange Business

L/C - Letter of Credit.
BTB - Back to Back L/C
AD - Authorized Dealer.
SWIFT - Society for World wide Inter-bank Financial Telecommunication
BDT - Bangladeshi Taka.
BIBM - Bangladesh Institute of Bank Management
TT - Telegraphic Transfer
TIN - Tax Identifying Number