15-01-2013, 12:19 PM
Foreign Trade Activities in Bank Asia Ltd
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Origin of the report:
The internship program is most crucial part of the BBA students. The entire program duration is
12 weeks ( 3 months) which carrying out a best learning way and to know about the
organizational proceedings as well as cope up with those environment as manner of professional
employees. These learning could be made the student professional, sincere, well communicator,
punctual and also be a smart in various aspect. In order to internship purpose I was appointed to
Bank Asia ltd. corporate branch in Sonargaon road. The Organization attachment Started on 24th
September 2011 and ended on 25th December 2011. The internship report is based on “Foreign
Trade activities in Bank Asia Ltd.”. Corporate branch.
Methodology:
This report has been prepared on the basis of experience gathered during the period of internship
and my own learn and understanding. The entire process has been made by collecting primary
data which played a vital role and easy to write down the report and secondary data was needed
for supportive structured buildup to the report.
Scope of learning:
With the whole internship period it was a splendid experience to know and got chance to work in
the foreign exchange department. It’s a great achievement for me to learn and implement by
practically the entire procedure of export and import trade. To be trained about the L/C opening,
required document checking, payment moods register entry and also got to know regarding
Bangladesh Bank reporting. One of the most crucial parts is foreign remittance it also a part of
better understand to inward and outward remittance. All of these opportunities I had captured in
that practical field and also to expand knowledge.
Limitations of the report:
The organization maintains confidentiality about certain information so they are
reluctant to disclose to all. Hence, the report does not have many important
information and data.
Sometimes the concerned personnel may not provide enough time due to rush
banking hours.
As a matter of fact three months is too short after that I had tried to give best
effort to my learning purpose.
History of Bank Asia:
Bank Asia Ltd. Is third generation bank and scheduled commercial Bank in the private sector
which established on 27th November in 1999 under the banking company act 1991 and
incorporate in Bangladesh as a public limited company under the company act 1994 to carry out
banking business in Bangladesh. Bank Asia has been launched by a group of successful
entrepreneurs. The management of Bank consists of a team lead by senior bankers with vast
experience in national and international market. Within a short period of time Bank Asia is able
to disclose its self existence and established its own position in the market as one of the first
growing local private bank at present it has 50 branches all over the Bangladesh. Since its
inception in 1999, it set a milestone by acquiring the Bangladesh operations of the Bank of Nova
Scotia of Canada, first in the banking history of Bangladesh. Again in 2002 the bank acquired the
Bangladesh operations of Muslim Commercial Bank Ltd. (MCB). In the year 2003, the bank
went public by offering shares to the general investor and in 2004 the listed itself with the stock
exchange
Mission Statement of the Bank Asia:
To assist in bringing high quality service to the customers and to participate in
the growth and expansion of the national economy.
To set high standers integrity and bring total satisfaction to the clients,
shareholders and employees.
To become the most sought after bank in the country, rendering technology
driven innovative service by the dedicated team of professionals
Vision of the Bank Asia:
To have a poverty free Bangladesh in course of a generation in the new
millennium, reflecting the national dream.
To build a society where human dignity and human right receive the highest
consideration along with reduction of poverty.
Product of Bank Asia:
DPS+ (deposit pension Scheme plus) is a 3, 5, 7, 10 and 12 years term. Monthly
installment raising from BDT 1000/- to BDT 10000/-
MB+ (monthly benefit plus) is 3 and 5 years scheme that lets you earn monthly benefit
of BDT 1000/-(before tax) for deposit of BDT 1, 00,000/- or it’s multiple.
DB+ (double benefit plus) is a six year scheme. The deposit will be double in 6 year.
Minimum initial deposit for the scheme is BDT 1, 00,000/- or it’s multiple, maximum is
BDT 25, 00,000/- under single name. & BDT 40, 00,000/- under joint name.
TB+ (triple benefit plus) is a 9 years 6 month scheme. The deposit will be tripled in 9
years 6 months. Minimum deposit for the scheme initially BDT 10, 00,000/- or it’s
multiple, maximum is 25, 00,000/- under single name. & BDT 40, 00,000/- under joint
name.