Internship Report

On
“Foreign Exchange Activities
Of
National Bank Limited (NBL)”

i
 INTERNSHIP REPORT

On

“Foreign Exchange Activities of National Bank Limited (NBL)”

Submitted By

Mohammad Rifat-ul-Karim

ID NO: 12133101190

Program: BBA, Intake: 31st

Major in Accounting

Supervised To

Ms.Kanij Fahmida,

Asst. Professor

Department of Accounting

Bangladesh University of Business & Technology (BUBT)

Bangladesh University of Business & Technology (BUBT)

Date of Submission: 16 May, 2017

ii
 Letter of Transmittal

16 May, 2017
Ms. Kanij Fahmida
Assistant Professor
Internship supervisor
Department of Accounting
Bangladesh University of Business & Technology

Subject: Submission of the internship report on “Foreign Exchange Activities of National

Bank Limited (NBL)”.

Dear Madam,
I have completed my three months internship period at National Bank Limited, Gulshan Branch
and would like to submit my internship report as per your specification. I would also like to
draw your kind attention to the fact that I have tried my level best to gather and organize all
the information needed for the particular report, and in doing so have tried my utmost to live
up to your standards.

May I, therefore, wish and hope that you would be gracious enough to accept my effort and
oblige thereby.

Yours Sincerely,

-------------------------

Mohammad Rifat-ul-Karim

ID NO: 12133101190

Program: BBA, Intake: 31st

Major in Accounting.

Bangladesh University of Business & Technology (BUBT).

iii
 STUDENT DECLARATION

I am, Mohammad Rifat-ul-Karim, hereby declare that the report of Internship Program titled is
“Foreign Exchange Activities of National Bank Limited (NBL)”uniquely prepared by me
after the completion of three months’ work at Gulshan Branch of National Bank Limited
(NBL)”.

I confirm that, the report is only prepared for my academic requirement not for other purpose.
It might be with the interest of opposite party of the corporation. I also assure that this report
is not submitted anywhere of Bangladesh before me.

……………………..

Mohammad Rifat-ul-Karim

ID NO: 12133101190

Program: BBA, Intake: 31st

Major in Accounting.

Bangladesh University of Business & Technology (BUBT).

iv
 CERTIFICATE OF SUPERVISOR

This is to certify that Mohammad Rifat-ul-Karim student of BBA program, Id No:

12133101190 has successfully completed his Internship Program entitled “Foreign Exchange
Activities of National Bank Limited (NBL)”, under my supervision as the partial fulfillment
for the award of BBA program.

He has done his job according to my supervision and guidance. He has tried his best to do this
successfully. I think this program will help him in the future to build up his career. I wish his
success and prosperity.

………………………..

Ms.Kanij Fahmida,

Asst. Professor

Department of Accounting

Bangladesh University of Business and Technology (BUBT)

v
 Acknowledgement

All praise are due to Almighty Allah who enabled me to complete this report. This report entitle
overview of the foreign exchange and foreign trade operation of National bank limited.

I would like to express my sincere gratitude and appreciation to my supervisor and honorable
teacher Ms.Kaniz Fahmida should not have been possible for me to complete this report
without her help, advice and overall supervision. I would also like to express my thanks to Kazi
Rajan Mahmud (FEO), Abdul Awal Khan (FEO), Evana Kabir (JO), Rezaul karim
(FEO),Shajalal (EO), Jubair Hossian (EO), Helena (EO),Sunondita Das (FEO) along with
others, who has been supportive through my internship.

Finally I would like to thanks Mr.Subul Chandra Roy (SAVP) operation manager of Gulshan
branch for his constant help, support and engagement during the tenure of my internship.
Without his help & good wishes, it would have been impossible to purse my academic work to
an end.

vi
 Table of content

Serial Particulars Page no.

No

CHAPTER:1 1

INTRODUCTION

1.1 Origin of the Report 2

1.2 Objective of the Study 2

1.3 Scope of the study 2

1.4 Methodology of the Study 3

1.5 Limitations of the Study 3

CHAPTER:2 4

CORPORATE REVIEW OF NATIONAL BANK

LIMITED

2.1 History of National Bank Limited 5

2.2 Vision of National Bank Limited 6

2.3 Mission of National Bank Limited 6

2.4 Objective of National Bank Limited 6

2.5 Corporate Slogan 7

2.6 Sponsors 7

2.7 Strategies of National Bank Limited 7

2.8 Business Goal 7

2.9 Service 7-8

2.10 The Future Trust 9

2.11 Corporate Culture 9

vii
2.12 Branches of NBL 9

2.13 Management System 10

CHAPTER-3 11

THEORETICAL ASPECTS
3.1 Foreign Exchange 12

3.2 Regulatory Requirements of Foreign Exchange 12

3.3 Importance of Foreign Exchange in Economy 12

3.4 Why Exchange Is To Be Controlled 13

3.5 Functions of Foreign Exchange Department 13

3.6 Remittance 13-16

3.7 Import 16

3.8 Export 16-17

3.9 Documents Used In Foreign Exchange 17-19

Chapter -4 20

FOREIGN EXCGANGE ACITIVITIES OF NATIONAL

BANK LIMITED

4.1 Foreign Trade (L/C Operation): It includes Details Import 21-25

and Export of NBL

4.2 Details Foreign Remittance of NBL 25-26

4.3 Details Letter of Credit (L/C) of NBL 26-30

CHAPTER-5 31

ANALYSIS OF FOREIGN EXCHANGE ACTIVITIES

AND BANK’S PROFITABILITY

5.1 Foreign Trade Business 32

5.2 Earnings through Import 32-33

5.3 Earning through Export 31-34

viii
5.4 Foreign Remittance of NBL 34-35

5.5 Bank’s Profitability 35-36

CHAPTER-6 37

MAJOR FINDINGS, RECOMANDATIONS &

CONCLUSION

6.1 Major Findings 38

6.2 Recommendations 38

6.3 Conclusions 39

Bibliography 40

Appendix

ix
 Executive Summary

National Bank Limited is first private sector bank fully owned by Bangladeshi nationals. The
bank was opened on 28 March 1983 but the first branch at 48, Dilkusha Commercial
Area, Dhaka started commercial operation on 23 March 1983. The second branch was opened
on 11 May 1983 at Khatungonj, Chittagong. Currently NBL has carrying their business through
its 191 branches & Agri Branches spread all over the country. Since the very beginning, the
bank has exerted much emphasis on overseas operations and handled a sizable quantum of
home bound foreign remittance. It has drawing arrangements with 415 correspondents in 75
countries of the world, as well as with 37 overseas Exchange Companies located in 13
countries. NBL was the first domestic bank to establish agency arrangements with the world
famous Western Union in order to facilitate quick and safe remittance of the valuable foreign
exchanges earned by the expatriate Bangladeshi nationals. This has meant that the expatriates
can remit their hard-earned money to the country with much ease, confidence, safety and speed.

Foreign Exchange is an important department of National Bank limited, which deals with
import, export and foreign remittance. It brides between importer and exporter. This
department is playing an important role in enhancing export earnings, which aids economic
growth and in turn helps for the economic development. On the other hand, it also helps to
meet those goods and services, which are most demandable and not sufficient in our country.

The foreign exchange department of NBL is running by efficient hands but some problems
have been identified. I have tried my level best to present my practical experience in the report
and present in the perfect and right way.

x
xi