Chapter-5

A Comparative Analysis
5. A Comparative Analysis:
Foreign Exchange Business of United Commercial Bank limited with other
private commercial banks:

Banks

Items

Year 2002

Year 2001

United Commercial Bank

Ltd.

Export

7,179.90

5,309

Import

14,975.30

13,133

Remittance

600

628

Export

6554

10458

Import

9220

12268

Remittance

369

308

Export

8436

8275

Import

12,119

12428

Remittance

1579

1622

Export

210

1135

Import

1995

3953

Remittance

304

57

Export

6494

6183

Mercantile Bank Ltd.

AB Bank Ltd.

Bank Asia Ltd.

Dhaka Bank Ltd.

EXIM Bank Ltd.

Islami Bank (BD) Ltd.

Import

13828

17649

Remittance

593

752

Export

2797

7442

Import

8200

8520

Remittance
Export

110
25327

403
25907

Import

16889

16082

22

Remittance

369

308

Source: Activities of Banks and Other Financial institutions, 2001-2002 published by

Finance department, Finance ministry, Govt. of the Peoples Republic of Bangladesh.

The Table shows that, the year 2002 was proved to be a successful and challenging year
for the United Commercial Bank Ltd. In this year UCBL has efficiently performed and
become one of the top performer compare to all other banks operating in Bangladesh, in
terms of foreign exchange business. Its excellent performance is evident from the
following financial data:

5.1 Export comparison:

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Export
25327

8436

6554

6494

Bank Asia
Ltd.

Mercantile
Bank Ltd.

Islami Bank
(BD) Ltd.

Dhaka Bank
Ltd.

AB Bank
Ltd.

210

2797

EXIM Bank
Ltd.

7,179

United
Commercial

30,000
25,000
20,000
15,000
10,000
5,000
0

Fig-5.1 Export comparison

The above Bar Chart shows that Islami bank was in the first position in export process in
the year 2002. And with Tk. 7179 million business the United Commercial Bank was in
the 3nd position. The AB bank that was 2nd , had the operation of Tk. 8436 million in
export process in the year 2002.

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5.2 Import Comparison:

Import
16889
14,975

13828

12,119
9220

8200

EXIM Bank
Ltd.

Bank Asia
Ltd.

Mercantile
Bank Ltd.

Islami Bank
(BD) Ltd.

Dhaka Bank
Ltd.

AB Bank
Ltd.

1995

United
Commercial

18,000
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0

Fig-5.2 Import Comparison

The above Bar Chart shows the comparative position of different private banks of
Bangladesh. Importation is foreign goods and services purchased by customer, firms and
Governments in Bangladesh. And from the above Bar Chart it is clear that Exim bank has
made the most of the import process in the year 2002. Exim has made Tk.16889 million
processing in the year 2002, on the other hand United Commercial bank has in the 2 nd
position by processing Tk.14975 million in the year 2002.

5.3 Remittance comparison:

25

2000

1579

1500
1000

600

500

593

369

304

369
110

EXIM Bank

Bank Asia

Mercantile

Islami Bank

Dhaka Bank

AB Bank

0
United

Amount Tk. in million

Remittance

Fig-5.3 Remittance comparison

The Bar Chart shows that foreign Remittance handled by Dhaka bank stood at tk. 1579
million during the year 2002. The Dhaka bank is in the first position of processing
foreign remittance. The United Commercial bank has Tk.600 million foreign remittance
that give it the 2nd position compare to other banks that are shown here. Among the other
competitors, Mercantile Bank was very close to UCBL in terms of generating foreign
remittance.

The above comparative analysis of different banks with UCBL shows that, UCBL
is operating its Foreign Exchange business successfully, compare to some other
banks. And the operation of UCBL has a consistence in every sectors or
department of FEB. And the UCBL bank has the opportunity to become the
pioneer bank in providing foreign exchange services to its clients through efficient
operation management.

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