Internship Report On “Factor Influencing Customers to Open Account at EXIM bank Limited”
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Importance of banking system in a country is increasing day by day. It is quite impossible for any country to develop in industrial and commercial sector without sound banking system in modern economic era. The impact on trade transactions currency policies of the importing and exporting countries and risks associated with them, fraud possibilities in the transaction or in documents are also necessary. A country cannot long continue to have a deficit on foreign current account but a favorable balance of payments on current account may conceal a heavy adverse balance of payments with one individual country or group of countries. Export Import Bank of Bangladesh Limited has started journey as a private commercial bank on August 3, 1999. EXIM Bank of Bangladesh Limited is divided into 3 sections: 1. General Banking section 2. Credit Section 3. Foreign Exchange Section This report has been presented based on observation from each section, which is consisted of various departments. GENERAL BANKING is the starting point of all the banking operations. It is the department, which provides day- to- day services to the customers. It opens new accounts, remit funds, issue bank drafts and pay orders etc. Provide customer through quick and sincere service is the goal of the general banking department. FOREIGN EXCHANGE department plays significant roles through providing different services for the customers. Letters of Credit (LC) is the key player in the foreign exchange business. With the globalization of economies, international trade has become quite competitive. Timely payment for exports and quicker delivery of goods is, therefore, a pre-requisite for successful international trade operations. BANK CREDIT is an important method for bringing the economic development in a country. Without adequate finance, there can be no growth of a stable economy. EXIM Bank of Bangladesh Limited being one of the largest private commercial bank of the country, has some prejudice to Finance directly on priority basis to agriculture, industry and commerce sector for strengthening the economic base of the country.
- Journal of law