Internship Report on Financial Statement Analysis of First Security Islami Bank Limited
Sharker, Mukta Rani
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are the most important financial institutions in modern economy. They are an integral part of modern economic activities. In a developing country like Bangladesh, the Islamic banking system as a whole has a vital role play in the process of economic development. First Security Islami Bank Limited (FSIBL) has started its journey on 29th August 1999 with the said principles in mind and conduct banking system according to Shariah based policy. This report mainly deals with the financial statements analysis of an Islami bank in Bangladesh a study on First Security Islami Bank Limited. The horizontal analysis, vertical analysis and ratio analysis are essential technique for financial statements analysis. Different users such as investors, management, bankers and creditors use the financial statements analysis of a company for their decision making purpose. In this report, the financial statements of First Security Islami Bank Limited have been studied for five years from 2010 to 2014 and also different types of financial ratios of the bank are calculated. The clear concept on bank, Islamic banking and different types of financial analysis are given in the report. The liquidity, profitability, financial position and the financial trend of First Security Islami Bank Limited are the main focus of this report which have been analyzed and used for comparing different years. By analyzing the financial statements of the bank, it has been traced the financial strengths and weakness of the bank. Finally some comments are shown regarding the changes of this bank’s financial performance for the last five years. By analyzing the horizontal, vertical and different ratios like liquidity ratios, efficiency ratios, profitability ratios, solvency ratios and market prospect ratios, and cash flow analysis, it can be said that FSIBL has been improving and doing well in the last five years except in few years. So the bank should be concern about the types of financial analysis especially the types of ratios. However, FSIBL’s overall earnings performance was satisfactory, but it should be improved.
- Project Report of BBA