foreign exchange activities of bank asia limited
DESCRIPTION
Foreign Trade Business of Bank Asia LimitedTRANSCRIPT
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“Foreign Exchange Activities of Bank Asia Limited”
Prepared By
Dilara Afroj .ID :
102011013ULAB School of Business
(USB)
Supervised By
Umme Aklima Alam
Lecturer, ULAB School of Business
(USB)
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Reason For Selecting The Organization
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Organizational Overview
Bank Asia has been launched by a group of successful entrepreneurs with recognized standing in the society. The bank started its journey on November 27, 1999 with an aim to be fully customer focused through
rendering technology driven innovative products and services.
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Background of the Report Topic
BA Foreign Exchange
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Objectives
Broad Objective
Specific Objective
To present a clear overview and evaluate the performance of foreign exchange business of
Bank Asia Limited.
To analyze the Import - Export and Remittance performance of Bank Asia Limited.
To analyze the foreign exchange business growth of country vs. Bank Asia Limited.
To present a comparative performance analysis of BA Foreign Exchange Business with several commercial banks.
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I. The Primary Sources of Data
• Face to face conversation .• Relevant file study .• Observations . II. The Secondary Sources of Data
• Annual Reports .• Annual Business Review .• Periodicals published by the Bangladesh Bank.• Different books, articles etc. • Web Browsing.
Methodology
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Year Foreign Exchange Business(In Million Taka) Growth
2013 163042.03 -20.59%
2012 205334.59 4.77%
2011 195985.40 5.28%
2010 186142.27 63.44%
2009 113886.80 29.72%
Findings and Analysis
Performance of Foreign Exchange Business
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2013 2012 2011 2010 2009
71,968.8366,478.34
74,794.50
57,281.67
30,953.40
Export scenario of Bank Asia Limited
Findings and Analysis
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2013 2012 2011 2010 2009
110,738.08106,746.15
99,414.20110,418.89
67,378.30
Import Scenario of Bank Asia Limited
Findings and Analysis
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2013 2012 2011 2010 2009
34,334.4032,110.10
21,776.7018,441.71
15,555.10
Remittance Performance of Bank Asia Limited
Findings and Analysis
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Export (US $) Import (US $) Remittance (US $)-5%
0%
5%
10%
15%
20%
25%
16%
3%
-2%
20%
9% 9%
15%
11% 12%
Country (Oct-13 over Oct-12) Change %Bank Asia (Oct-13 over Oct-12) Change %Bank Asia (Dec-13 over Dec-12) Change %
Findings and Analysis
Country vs. Bank Asia Foreign Exchange Business Growth Performance
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Bank Asia Limited DBBL Dhaka Bank Lim-ited
Export 110738.08 118045.2 33305
Import 71968.83 108259.3 46160
Remittance 15555.1 14338 9786
10,000.00
30,000.00
50,000.00
70,000.00
90,000.00
110,000.00
Comparative Foreign Exchange Performance Analysis at FY13
Findings and Analysis
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Import Export Remittance
Amount 18.8 3.4 5.5
13579
1113151719
Findings and Analysis
Branch Performance on Foreign Trade Business at FY 13
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Observations Over Findings And Analysis
I. New rules , regulation
and practices .II. Trust issue.III. Slowdown of
RMG sectorIV. Sluggish
economic condition and
industrial growth
1 2I. Increasing export of
jute, leather, frozen foods.
II. Demand of food , petroleum, manufactured output import
III. Foreign individual wage earnings, growing number of exchange house.
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Bank should reduce charges in foreign exchanges to attract more customers.
Bank Asia should enhance the employees in teller service, customer service as well as foreign
trade service.
Bank should increase their concentration more about all categories of client.
Bank Asia operating software “STEALER’’ should be changed
4
3
2
1
Recommendations
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Bank Asia should update their websites properly so that customers can get details about the products
and services easily.
Authority should decentralized some of their powers to make the work faster. 6
5
Recommendations
The bank may introduce some promotional program to increase export-import business.
7
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Lesson Learnt
Time Management
Work Under Pressure
Effective Communication
Team Work
Others Basic Banking Activities
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s
s
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Any Question ?