INTRODUCTION
Early banking system served mainly as
depositors for funds, while the more modern system has considered the supplying
or credits their main purpose. A Bank not only accepts money or deposits, but
it also lends money and creates its own people. Sawyers states, We can define a
bank as an institution whose debts (bank deposits) are widely accepted in
settlement of other peoples debts to each other Banks are financial
institutions or financial intermediary that collect fund from people as deposit
and lend this fund as loans and advances to the borrowers in different sectors
of the economy against interest for a certain period. Banks play a very
important role in both national and international trade. Banks provide some
other non-traditional services like-factoring, issuing bank guarantees etc.
Moreover, Bank is financing to the international trade because on country can
survive without international trade. The financing are very much supportive to
the global
economy.
In Bangladesh, there are Government
Banks, Private Banks and Foreign Banks. The EXIM Bank of Bangladesh Limited is one of the leading private
sector commercial bank in Bangladesh.
1.1) Objective of the
report
The objectives
of this report are to find out the followings:
1. To describe the foreign Exchange operational
activities of the Eskaton Branch of EXIM Bank of Bangladesh Ltd.
2. To identify problems of the study and make
recommendations.
3. To gather practical knowledge
4. To find out
the functions of International Operational Associates Bank of the world with
EXIM Bank of Bangladesh Ltd.
5. To evaluate
the role of Export and Import Department to facilitate the international trade.
6. To find out
the operational procedures of L/C in international trade.
7. To find out
different types of Export-import procedures of EXIM Bank of Bangladesh limited.
1.2) Background of the
Study
This report is prepared for fulfilling a
partial requirement of both the MBA and the Internship Programs. The EXIM Bank
Limited is the host organization for the 3-months Internship Program, which
began on February 19, 2012 and ended on May 19, 2012. To prepare the report as
an apprentice I have taken necessary assistance from EXIM Bank Limited during
my internship Mrs. TZRINA FLORA, madam is the internship Adviser who authorized
the topic of this report. And I am working most of my internship period with
the all division
1.3) Significant of the
study
Importance of the topic to
choose:
The world is now become globalize so we
have to sustain in the competitive world. We must take the competitive
advantage. We should more involvement in international economy. It is important
to me because I feel very much interest about international business. I think
we are in the same world so all of us should enjoy each and every resource in
the world. And it has another importance to me that is implementation my
educational knowledge and theoretical knowledge to the practical. Find out the
advantage, disadvantage and diplomacy we should compliance in international
trade.
Importance to the study:
The important of my study to the
employees is great deal because an employee should have knowledge about the
international trade why international trade is important not only that how
international trade work trade balance. Crystal clear knowledge about the
importance of international trade motivates the employees to work in foreign
exchange division in bank.
Importance to the
employers:
The importance of employees implies the
importance of employers. Because if the employees can be more sincere in their
duties the company will able to attract more clients into their bank and
ultimately the profit the bank will increase significantly.
Management practitioners:
The management will also be benefited
from my study because it will also helps the management to understand their
weakness and strength dealings in international trade in import financing and
export financing. They will find out the new area of investing in international
trade. They will obviously find our new strategies to smooth the foreign
exchange and ultimately fulfill their social and economical objectives and
goals of the organizations.
Stake holders and society
at large:
It is found when at the project in the
EXIM Bank the people are involved in international trade but do not know some
trams and conditions and paper to be ready for imports and export the
merchandise. So, will also have importance to the stack holder to know the rule
and regulation they must need to obey the rules and regulations of the Trade
and commerce Ministry of Bangladesh.............................................................
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