Foreign Exchange Activities of BASIC Bank Limited Karwanbazar Branch, Dhaka
Jafar, Zinath Ara
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Banks and financial institutions play an important role in the process of economic growth of a country. In a developing country like Bangladesh, banking business is very much competitive. Almost fifty two banks are operating at this moment and competing to hold maximum market share. BASIC Bank Limited (Bangladesh Small Industries and Commerce Bank Limited) is a state-owned. But the bank is not nationalized; it operates like a private bank. As a blend of commercial banking BASIC Bank Limited provide their clients with a full range of service to help them grow their assets and net worth. They offer term loans to clients, especially to develop small scale enterprises. BASIC Bank also provide full-fledged commercial banking services like collection of deposits, short term trade finance, working capital finance in processing and manufacturing units and financing and facilitating international trade. This report is based on Foreign Exchange operations of BASIC Bank Limited. The basic objective of this report is to find out and understanding about how the organization performs Foreign Exchange transactions, what are the current problems and identify the potentiality or Prospects of Foreign Exchange Department of BASIC Bank Limited (Karwanbazar Branch). Basically this Bank provide loan to Small industry for the development of this country basis of thir land, capability, all the material of applied Industry. Firstly this report consists of the introduction, objectives, rationale, scope, limitation and study methodology of the report. Here I included the purpose of preparing this report, the limitations I faced during the preparation and the method of gathering the information. Then this report contains brief information about the background and approach of BASIC Bank Limited, the name and number of branches, and a brief description of Karwanbazar Branch and analysis of its performance for last five years. The organizational structure & culture, the functions of the Bank is also discussed in this chapter. At last of chapter two the strengths, weaknesses, opportunities, and threats of the bank are presented.
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