General Banking Activities: A Study on EXIM Bank Bangladesh Limited, Sitakunda Branch

[This Internship Report is submitted for the Partial Fulfillment of the Program of Bachelor of Business Administration with a Major in Finance & Banking]

EXIM BANK
Prepared By:
Feroz Hossain Matric No: B-083319 Program: BBA Major: Finance and Banking

Internship Duration Sep 23 to Dec 13,12, 2012 Submission Date:

Department of Business Administration International Islamic University Chittagong (IIUC)

General Banking Activities: A Study on EXIM Bank Bangladesh Limited, Sitakunda Branch

[This Internship Report is submitted for the Partial Fulfillment of the Program of Bachelor of Business Administration with a Major in Finance & Banking] Prepared By:

Feroz Hossain
Matric No: B-083319 Program: BBA Major: Finance and Banking Supervised by:

Mr. A .H. M . Noman Bin Alam Assistant Professor

Department of Business Administration

Signature of Supervisor

Department of Business Administration

International Islamic University Chittagong (IIUC)

Letter of Transmittal

Date:

To The Head Department of Business Administration International Islamic University Chittagong

Subject: Submission of Internship Report

Dear Sir, This is my pleasure to submit my Internship Report on General Banking Activities. A Study on EXIM Bank Bangladesh Limited, Sitakunda Branch Chittagong, which I was assigned. It was a great opportunity for me to acquire knowledge and experience in respect of the functions, procedures and operational activity, other than my topic of study

I have concentrated my best efforts to achieve the objectives of the internship study and hope my endeavor will serve the purpose. However, I will always be ready to provide any further clarification that you may require

Sincerely Yours,

Feroz Hossain BBA [Finance & Banking] Matric No: B-083319 Department of Business Administration International Islamic University Chittagong

Acknowledgement

Almighty Allah enabled me to successfully complete the internship report on General Banking Activities: A Study on EXIM Bank Bangladesh Limited, Sitakunda Branch Chittagong. A large number or individuals have helped directly & indirectly to prepare this report. I am grateful to them. Internship program is an integral part of BBA (Bachelor of Business Administration) course of International Islamic University Chittagong (IIUC). Every BBA student was assigned to conduct a internship program in the practical field directed by the studied subject to learn something within the pre-stipulated time by observing these organizations daily practices about the business factors. Especially I am grateful to my honorable supervisor Mr. A .H.M. Noman Bin Alam, Department of Business Administration, to find some time from their busy schedule to give accurate direction about the internship report activities. I also grateful to Md. Arfan Ali (Senior Asstt. Vice President & Relationship Manager) of EXIM Bank. Sitakunda Branch, Chittagong for giving me an opportunity to do internship in this Bank. My special thanks and gratitude to Mr. Hafizur Rahman (First Asstt. Vice President & Manager),for his ample help to provide me support books and other articles through out my study period in the institution and who managed his invaluable time for guiding me if I dont acknowledge the superb support of all the officers, especially of those with whom I worked. In this connection, I must name Md. Saiduzzaman (Executive Officer), Md. Masud Perves (Executive Officer), Md. Abu Sayem (Senior Officer). I practically work with them, try to share their perception feelings and on the basis of my realization, I prepared report from my own point of view. Finally, I would like to thank all officials of the EXIM Bank, Sitakunda Branch and all the teachers of the Department.

EXECUTIVE SUMMERY
The report is based on 3 months working experience on Export Import Bank of Bangladesh Limited (EXIM Bank Ltd.). I was assigned in the Sitakunda Branch, EXIM Bank Ltd. This report gives a clear idea of the activities, operational strategies and the performance of EXIM Bank Ltd. EXIM Bank Ltd. incorporated in 1999 and became operational on 3rd August, 1999 as per rules and regulations of Bangladesh Bank. But in July, 2004 the Bank has migrated into Shariah based Islamic Banking. This internship report has been prepared on the General Banking Activities of EXIM Bank, Sitakunda Branch. I will discuss about the Banking system of different departments and all of their products & services for their customers. I will mention the organization structure of EXIM Bank and the organizational structure of Sitakunda Branch. EXIM Bank has a Shariah Council, which basically monitors and decides all the Shariah based activities for the Bank. Today banks have become a part and parcel of our life. They accelerate the economic growth of a country and steer these wheels of the economy towards it self reliance in all fields. In case of Import-Export, EXIM Bank of Bangladesh Limited shows better performance than the other banks. The Import & Export business of Exim Bank of Bangladesh Limited has a gradual increasing trend from 1999. In order to capture higher market share than the competitors. The policy of these regards should be reviewed and it should be more flexible and competitive than the present. The whole report consists of five chapters. Chapter two and chapter three are on EXIM bank limited and about it general banking services. Chapter four shows the deposit, investment, and profit at Sitakunda Branch. In chapter five, I have shown the strength, weakness, threat and opportunities of EXIM Bank Ltd. and its future prospects. This chapter also shows the problems and prospects and recommendations. The working environment of EXIM Bank Ltd. is very conductive and friendly. The staffs are specialized in their respective fields. Each of them works on their own and there is close supervision from the top. The motivation of the employees, I believe coming from the very sense of responsibility. Each member is individually responsible for his or her work. My overall experience had been very fascinating and I believe internship period of EXIM Bank Ltd. will definitely help me a lot in building my future career.

Table of Contents

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Content

Page No:

1
1.1 1.2 1.3 1.4 1.5

Chapter one: Introduction

Background of the Study Objective of the Study Methodology of the Report Scope of the Study Limitations of the study
01 02 03 05 06
07 08 09 09 10

2
2.1 2.2 2.3 2.4 2.5

Chapter Two: Company Profile

History of EXIM Bank Corporate Information at a glance Vision of EXIM Bank Ltd. Mission of EXIM Bank Ltd.

EXIM BANK IN THE BANKING AREA OF BANGLADESH.

Corporate culture Corporate Social Responsibilities Members of Shariah council

2.6 2.7 2.8 2.9 2.10 2.11 2.12 2.13 2.14 2.15 2.16 2.17

10 11 12 13 14 14 15 16 17 18 19 20

Shariah Auditing
Banking with Shariah principles Society for worldwide interbank financial telecommunication (swift) Branch of EXIM Bank Bangladesh Ltd. About Sitakunda Branch Organizational structure Organizational structure o Sitakunda f Branch Organizational function Organizational function of Sitakunda Branch

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Content

Page no:

2.18 2.19 2.20 2.21

Financial Features of the Bank Exim Bank in the banking area of Bangladesh Classification of Bank Products Services of EXIM Bank Ltd.

20 21 22 23

3
3.1 3.2 3.3 3.4 3.5 3.6 3.7

Chapter Three: General Banking

General Banking Functions of General Banking Cash Section Accounts Opening Section Products Local Remittance Clearing Section 24 24 25-26 27-29 30-40 41 42-43

4
4.1 4.2 4.3

Chapter Four: Financial Performance of the Branch: EXIM Bank Ltd. sitakunda Branch Year wise Deposit mix of the sitakunda branch, ctg.: 45-46

Performance of Sitakunda Branch:

47-52

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Content

Page no:

5
5.1 5.2 5.3

Chapter Five: Findings and Recommendations

SWOT Analysis 53-54 55 57-58

Findings Recommendations