Foreign Exchange Operations of Standard Bank Limited: A Study on Foreign Exchange Branch Dilkusha.
Bangladesh. Standard Bank has in corporate on May 11,1999 in head office at 122-124 Motijheel ,Chamber building, Dhaka ,Bangladesh as a public limited company with the permission of the Bangladesh Bank. The founder of SBL In the age of modern civilization bank is playing a vigorous character by its spending role to keep the economic development wheel moving. It‟s a combination of various economic activities those are meting out not only inside of the bank but also with some external operations. Standard Bank Limited is a third generation bank in committed with the goal that “setting a new standard of banking”. The Authorized capital of the bank is BDT 15000(million) and its Shareholders equity is BDT 9289(million) in 2013.The bank provides a broad range of financial services to its customers and corporate clients in retail banking, corporate banking, and international trade. The whole banking activities are divided into 3parts, General banking, Loan & Advances and Foreign Exchange. One of the largest businesses carried out by the commercial bank is foreign trading. The trade among various countries falls for close link between the parties dealing in trade. The situation calls for expertise in the field of foreign operation. I have worked as an Intern in the Standard Bank limited, Motijheel Branch which is known as a Foreign Exchange Branch, so I have instructed to prepare my An Internship Report on “Foreign Exchange Operation of Standard Bank Limited: A Study on Dilkusha Branch” which is prepared on the dynamic leadership and supervision”. The foreign exchange department divides into three parts export, import and credit. The export department deals with export L/C, Amendment of L/C, Transfer of/C, EXP issue charge. Import sector is the most profitable sector in foreign exchange department of SBL. The import earning sectors are commission for L/C opening, Amendment of local L/C Service charges, Collection of credit report of the beneficiary. From commission for L/C opening and service charge, import department earns most. The expense of export, import, and remittance is almost the same. The remittance earning consists from-Issuance of cash and endorsement of passport, remittance by TT, Cash incentives handling charge etc. The ratio of foreign exchange earnings from total pleasing and profitable. So Standard Bank Limited is one of the best leading banks in Bangladesh.
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