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Internship Report “Trade Operations of Dhaka Bank Limited-CPC”
Internship Report on “Trade Operations of Dhaka Bank Limited-CPC” Submitted to: Dr. Suman Paul Chowdhury Assistant Professor, and Coordinator, MBA Program BRAC Business School Submitted by: Md. Neaz Hossain Department: BBS Program: BBA Student ID: 08104038 Date of Submission: 2017 Letter of Transmittal Date: 2017 Dr. Suman Paul Chowdhury Assistant Professor, and Coordinator, MBA Program BRAC Business School Subject: Submission of Internship Report Dear Sir, With due respect, I would like to inform you that I have done my internship report on Trade Operations of Dhaka Bank Limited-CPC as per your instruction. I have worked with the LC team of CPC Trade Operations for three months (from Nov 1st 2016 to Jan 31st 2017). During these three months I have learned a lot of things from the team, not only the academic requirements but also to work hard. Considering the limited time and knowledge I have gathered through work experience, I have tried to prepare an informative report explaining very basic understanding of Trade & Finance of Dhaka Bank Limited. I will be grateful if you kindly approve this effort and give me your valuable judgment upon this report. Sincerely Yours, Md. Neaz Hossain Student ID: 08104038 BRAC Business School _______________________________ Acknowledgement The number of people to whom I am grateful is way too many to count. But first, I am grateful to my Creator Allah for helping me throughout my life. Then my parents, without their love and support I wouldn’t be here. I also would like to thank all of my teachers for their effort in educating me. -
Country Wise List of Our Foreign Correspondents Sonali Bank Limited
Country wise list of our Foreign correspondents as on 31-12-2018. Prepared bv : Sonali Bank limited Foreign Remittance Management Division Head office.Dhaka. Courtesv : Sonali Bank limited (Product Development Team) Business Development Division Head office,Dhaka. E mail-dgmb ddp dt@s on aliban k. co m.b d Md Mizanur Rahman Md Zillur Rahman Sikder Senior Principal officer Senior ofl.icer Product Development Team. Product Der elopment Team. mob-01708159313. mob-019753621 15. Corp Bank Country dents as on 3ut2na18 Sl.No. Name ofCountry No. o No. of SI. No. Name ofCountry No. of No. of Corp. RMA Corn. RMA 01. Afganistan J I 45. Malaysia t2 12 02. Australia 8 7 46. Monaco I I 03. Algeria J 1 41. Malta 2 04. Argentina I Z I 48. Netherlands 8 7 , 05. Albenia i 49. New Zealand J J 06. Austria 7 6 50. Nepal 2 2 07. Balrain J J 51. Norway 2 I 08. Belgium 9 7 52. Nigeria I ) 09. Bhutan 2 53. Oman I q 2 10. Bulgaria 4 4 54. Pakistan 18 18 ll Brunei I 55, Poland 3 1 12. Brazrl 4 2 56. Philippines 5 5 lJ. Republic ofBelarus I 57. Portugal 4 J 14. Canada 8 7 58. Qatar 6 5 15. China 4 l3 59. Romania 1 1 16. Chile I I 60 Russia 9 8 17. Croatia I 61. SaudiArabia l6 t5 18. Cyprus I I o/.. Senegal 1 1 t 19. CzechRepublic 6 J 63. Serbia + J ,1 20. Denmark J J 64. Srilanka 5 21. -
Bank Code Br. Code Bank & Branch Name 01 INVESTMENT CORPORATION of BANGLADESH (ICB) 02 BRAC BANK LIMITED 03 EASTERN BANK
Bank Code Br. Code Bank & Branch Name 01 INVESTMENT CORPORATION OF BANGLADESH (ICB) 01 Head Office, Purana Paltan, Dhaka 02 Local Office, Nayapaltan, Dhaka 03 Chittagong Branch, Chittagong 04 Khulna Branch, Khulna 05 Rajshahi Branch, Rajshahi 06 Barisal Branch, Barisal 07 Sylhet Branch, Sylhet 08 Bogra Branch, Bogra 02 BRAC BANK LIMITED 01 Asad Gate Branch, Dhaka 02 Banani Branch, Dhaka 03 Bashundhara Branch, Dhaka 04 Donia Branch, Dhaka 05 Eskaton Branch, Dhaka 06 Graphics Building Branch, Motijheel, Dhaka 07 Uttara Branch, Dhaka 08 Shyamoli Branch, Dhaka 09 Gulshan Branch, Dhaka 10 Manda Branch, Dhaka 11 Mirpur Branch, , Dhaka 12 Nawabpur Branch, Dhaka 13 Rampura Branch, Dhaka 14 Narayanqani Branch, Narayanganj 15 Agrabad Branch, Chittagong 16 CDA Avenue Branch, Chittagong 17 Potia Branch, Chittagong 18 Halisohor Branch, Chittagong 19 Kazirdeuri Branch, Chittagong 20 Momin Road Branch, Chittagong 21 Bogra Branch, Bogra 22 Rajshahi Branch, Rajshahi 23 Jessore Branch, Jessore 24 Khulna Branch, Khulna 25 Barisal Branch, Barisal 26 Zindabazar Branch, Sylhet 03 EASTERN BANK LIMITED 01 Principal Branch, Dilkusha, Dhaka 02 Motijheel Branch, Dhaka 03 Mirpur Branch, Dhaka 04 Bashundhara Branch, Dhaka 05 Shyamoli Branch, Dhaka 06 Narayanganj Branch 07 Jessore Branch 08 Choumuhoni Branch 09 Agrabad Branch, Chittagong 10 Khatunganj Branch, Chittagong 11 Bogra Branch, Bogra 12 Khulna Branch, Khulna 13 Rajshahi Branch, Rajshahi 14 Savar Branch, Savar, Dhaka 15 Moulvi Bazar Branch, Sylhet Page # 1 Bank Code Br. Code Bank & Branch Name 04 BANK ASIA LIMITED 01 Principal Office , Motijheel C.A., Dhaka 02 Corporate Branch, Dhaka 03 Gulshan Branch, Dhaka 04 Uttara Branch, Dhaka 05 North South Rd. -
INTERNATIONAL FINANCE INVESTMENT and COMMERCE BANK LIMITED Audited Financial Statements As at and for the Year Ended 31 December 2019
INTERNATIONAL FINANCE INVESTMENT AND COMMERCE BANK LIMITED Audited Financial Statements as at and for the year ended 31 December 2019 INTERNATIONAL FINANCE INVESTMENT AND COMMERCE BANK LIMITED Consolidated Balance Sheet as at 31 December 2019 Amount in BDT Particulars Note 31 December 2019 31 December 2018 PROPERTY AND ASSETS Cash 18,056,029,773 16,020,741,583 Cash in hand (including foreign currency) 3.a 2,872,338,679 2,899,030,289 Balance with Bangladesh Bank and its agent bank(s) (including foreign currency) 3.b 15,183,691,094 13,121,711,294 Balance with other banks and financial institutions 4.a 5,637,834,204 8,118,980,917 In Bangladesh 4.a(i) 4,014,719,294 6,823,590,588 Outside Bangladesh 4.a(ii) 1,623,114,910 1,295,390,329 Money at call and on short notice 5 910,000,000 3,970,000,000 Investments 47,216,443,756 32,664,400,101 Government securities 6.a 41,369,255,890 27,258,506,647 Other investments 6.b 5,847,187,866 5,405,893,454 Loans and advances 232,523,441,067 210,932,291,735 Loans, cash credit, overdrafts etc. 7.a 221,562,693,268 198,670,768,028 Bills purchased and discounted 8.a 10,960,747,799 12,261,523,707 Fixed assets including premises, furniture and fixtures 9.a 6,430,431,620 5,445,835,394 Other assets 10.a 9,606,537,605 9,003,060,522 Non-banking assets 11 373,474,800 373,474,800 Total assets 320,754,192,825 286,528,785,052 LIABILITIES AND CAPITAL Liabilities Borrowing from other banks, financial institutions and agents 12.a 8,215,860,335 9,969,432,278 Subordinated debt 13 2,800,000,000 3,500,000,000 Deposits and other -
Sl. Correspondent / Bank Name SWIFT Code Country
International Division Relationship Management Application( RMA ) Total Correspondent: 156 No. of Country: 36 Sl. Correspondent / Bank Name SWIFT Code Country 1 ISLAMIC BANK OF AFGHANISTAN IBAFAFAKA AFGHANISTAN 2 MIZUHO BANK, LTD. SYDNEY BRANCH MHCBAU2S AUSTRALIA 3 STATE BANK OF INDIA AUSTRALIA SBINAU2S AUSTRALIA 4 KEB HANA BANK, BAHRAIN BRANCH KOEXBHBM BAHRAIN 5 MASHREQ BANK BOMLBHBM BAHRAIN 6 NATIONAL BANK OF PAKISTAN NBPABHBM BAHRAIN 7 AB BANK LIMITED ABBLBDDH BANGLADESH 8 AGRANI BANK LIMITED AGBKBDDH BANGLADESH 9 AL-ARAFAH ISLAMI BANK LTD. ALARBDDH BANGLADESH 10 BANGLADESH BANK BBHOBDDH BANGLADESH 11 BANGLADESH COMMERCE BANK LIMITED BCBLBDDH BANGLADESH BANGLADESH DEVELOPMENT BANK 12 BDDBBDDH BANGLADESH LIMITED (BDBL) 13 BANGLADESH KRISHI BANK BKBABDDH BANGLADESH 14 BANK ASIA LIMITED BALBBDDH BANGLADESH 15 BASIC BANK LIMITED BKSIBDDH BANGLADESH 16 BRAC BANK LIMITED BRAKBDDH BANGLADESH 17 COMMERCIAL BANK OF CEYLON LTD. CCEYBDDH BANGLADESH 18 DHAKA BANK LIMITED DHBLBDDH BANGLADESH 19 DUTCH BANGLA BANK LIMITED DBBLBDDH BANGLADESH 20 EASTERN BANK LIMITED EBLDBDDH BANGLADESH EXPORT IMPORT BANK OF BANGLADESH 21 EXBKBDDH BANGLADESH LTD 22 FIRST SECURITY ISLAMI BANK LIMITED FSEBBDDH BANGLADESH 23 HABIB BANK LTD HABBBDDH BANGLADESH 24 ICB ISLAMI BANK LIMITED BBSHBDDH BANGLADESH INTERNATIONAL FINANCE INVESTMENT 25 IFICBDDH BANGLADESH AND COMMERCE BANK LTD (IFIC BANK) 26 ISLAMI BANK LIMITED IBBLBDDH BANGLADESH 27 JAMUNA BANK LIMITED JAMUBDDH BANGLADESH 28 JANATA BANK LIMITED JANBBDDH BANGLADESH 29 MEGHNA BANK LIMITED MGBLBDDH BANGLADESH 30 MERCANTILE -
00 Annual Report 2020 Cover
www.dhakabankltd.com LANDMARK OF EXCELLENCE Amid the ongoing evolution, Dhaka Bank has proved its competence. We persistently pursue to reach the height where the standard of excellence is at its best. We have put our landmark of excellence here and intend to increase it even farther. LETTER OF TRANSMITTAL All Shareholders of Dhaka Bank Limited Bangladesh Bank Bangladesh Securities & Exchange Commission (BSEC) Registrar of Joint Stock Companies & Firms Dhaka Stock Exchange Limited (DSE) & Chittagong Stock Exchange Limited (CSE) Dear Sir(s), Annual Report of Dhaka Bank Limited for the year ended December 31, 2020 We enclose herewith a copy of Annual Report along with the audited financial statements including consolidated and separate balance sheet, profit and loss account, cash flow statement, statement of changes in equity, liquidity statement for the year ended December 31, 2020 along with notes thereto of Dhaka Bank Limited (the Bank) and its subsidiaries - Dhaka Bank Securities Limited and Dhaka Bank Investment Limited for your kind information and record. We have also enclosed separate financial statements of Islamic Banking Branches and Off-Shore Banking Unit (OBU) of the Bank. Financial statements of the Bank comprise those of Conventional and Islamic Banking Branches and Off-Shore Banking Unit while consolidated financial statements comprise financial statements of the Bank and its subsidiaries. General review of this report, unless explained otherwise, is based on the financials of the Bank rather than consolidated financial statements. -
Financial Statements
FINANCIAL STATEMENTS 264 Annual Integrated Report 2019 265 Bank Asia Limited Independent Auditor’s Report to the Shareholders of Bank Asia Limited Report on the Audit of the Consolidated and Separate Financial Statements Opinion We have audited the consolidated financial statements of Bank Asia Limited and its subsidiaries (the “Group”), as well as the separate financial statements of Bank Asia Limited (the “Bank”),which comprise the consolidated and separate balance sheets as at 31 December 2019, and the consolidated and separate profit and loss accounts, consolidated and separate changes in equity and consolidated and separate cash flow statement for the year then ended, and notes to the consolidated and separate financial statements, including a summary of significant accounting policies. In our opinion, the accompanying consolidated financial statements of the group and separate financial statement of the Bank give true and fair view of the consolidated balance sheet of the group and the separate balance sheet of the Bank as at 31 December 2019, and of its consiladated and separate profit and loss accounts and its consolidated and separate cash flows for the year then ended in accordance with International Financial Reporting Standards (IFRSs) as explained in note 02-03. Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Consolidated and Separate Financial Statements section of our report. We are independent of the Group and the Bank in accordance with the International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants (IESBA Code), Bangladesh Securities and Exchange Commission (BSEC) and Bangladesh Bank, and we have fulfilled our other ethical responsibilities in accordance with the IESBA Code and the Institute of Chartered Accountants of Bangladesh (ICAB) Bye Laws. -
Details of the Related Party Transactions Have Been Disclosed in Annexure-F
INTERNATIONAL FINANCE INVESTMENT AND COMMERCE BANK LIMITED Consolidated Balance Sheet as at 31 December 2018 Amount in BDT Particulars Note 31 December 2018 31 December 2017 PROPERTY AND ASSETS Cash 16,020,741,583 15,487,553,511 Cash in hand (including foreign currency) 3.a 2,899,030,289 2,251,768,572 Balance with Bangladesh Bank and its agent bank(s) (including foreign currency) 3.b 13,121,711,294 13,235,784,939 Balance with other banks and financial institutions 4.a 8,118,980,917 10,623,519,846 In Bangladesh 4.a(i) 6,823,590,588 8,068,534,922 Outside Bangladesh 4.a(ii) 1,295,390,329 2,554,984,924 Money at call and on short notice 5 3,970,000,000 3,830,000,000 Investments 32,664,400,101 29,290,877,363 Government securities 6.a 27,258,506,647 23,943,582,942 Other investments 6.b 5,405,893,454 5,347,294,421 Loans and advances 210,932,291,735 183,296,111,106 Loans, cash credit, overdrafts etc. 7.a 198,670,768,028 171,593,194,706 Bills purchased and discounted 8.a 12,261,523,707 11,702,916,400 Fixed assets including premises, furniture and fixtures 9.a 5,445,835,394 3,539,338,093 Other assets 10.a 9,003,060,522 10,277,591,453 Non-banking assets 11 373,474,800 373,474,800 Total assets 286,528,785,052 256,718,466,172 LIABILITIES AND CAPITAL Liabilities Borrowing from other banks, financial institutions and agents 12.a 9,969,432,278 8,473,580,748 Subordinated debt 13 3,500,000,000 3,500,000,000 Deposits and other accounts 14.a 226,228,549,042 200,148,679,835 Current deposit and other accounts 40,849,197,782 30,611,131,194 Bills payable 2,066,079,056 -
Initiation and Recent Status of Mobile Banking in Bangladesh
International Journal of Science and Research (IJSR) ISSN: 2319-7064 Impact Factor (2018): 7.426 Initiation and Recent Status of Mobile Banking in Bangladesh Shahjady Sultana Abstract: Mobile Banking is a financial service provided by a bank or a financial organization that allows financial transactions using a mobile device. It’s an independent service that is not connected to any other account; you can call this a bank in your pocket. These transactions are very popular in rural areas, especially for small transactions. There are around 151.82 million people in Bangladesh as of 2012; only 13 percent of them have bank accounts. But more than 95 percent of people in Bangladesh use mobile phones. Banks can now offer banking services to both the rural community and the wider population (without banking transactions) through mobile phones. Day by day this service will become more popular in Bangladesh. Through it, it is possible to take money easily to remote areas. Small transactions are become very easy through mobile banking. Not only in rural areas, but also in urban areas these transactions are equally popular. Since the beginning of 2011, mobile financial service has become quite popular in eight years. The article describes the popularity, benefits and present situation in mobile banking in Bangladesh. Keywords: Meaning of Mobile Banking, Features, Benefits, Present Situation 1. Introduction are usually provided by these operators. If the customer is using smart phone this transaction becomes easier. “Mobile Banking” is a sign of possibility for Bangladesh. Customers can receive these services through an app. It has Mobile Banking idea at first came in October, 2009. -
Dutch - Bangla Bank Limited
DUTCH - BANGLA BANK LIMITED UN-AUDITED FINANCIAL STATEMENTS For the Third Quarter ended 30 September 2019 Dutch-Bangla Bank Limited Consolidated Balance Sheet As at 30 September 2019 PROPERTY AND ASSETS Notes 30-Sep-19 31-Dec-18 30-Sep-18 Taka (Un-audited) Taka (Audited) Taka (Un-audited) Cash In hand (including foreign currencies) 4 13,588,077,031 17,419,869,741 13,424,335,615 Balance with Bangladesh Bank and its agent bank (s) (including foreign currencies) 5 21,515,865,165 32,728,425,040 25,272,773,773 35,103,942,197 50,148,294,781 38,697,109,388 Balance with other banks and financial institutions 6 In Bangladesh 13,775,674,405 6,715,668,728 19,872,111,450 Outside Bangladesh 138,592,298 656,896,195 2,646,119,188 13,914,266,703 7,372,564,923 22,518,230,638 Money at call on short notice 7 13,170,000,000 - 2,670,000,000 Investments 8 Government 43,878,875,002 31,457,164,331 25,593,984,526 Others 1,411,283,434 751,283,434 251,283,434 45,290,158,436 32,208,447,765 25,845,267,960 Loans and advances 9 Loans, cash credits, overdrafts, etc. 228,437,319,738 209,463,408,465 196,168,533,474 Bills purchased and discounted 17,168,958,714 22,090,531,874 21,013,792,031 - - 245,606,278,452 231,553,940,339 217,182,325,505 Fixed assets including land, building, furniture and fixtures 10 5,483,822,895 5,737,308,593 5,129,942,207 Other assets 11 21,613,894,320 19,448,234,568 19,350,180,886 Non-banking assets - - - TOTAL ASSETS 380,182,363,003 346,468,790,969 331,393,056,584 LIABILITIES AND CAPITAL Liabilities Borrowings from other banks, financial institutions -
BRAC Bank Limited
Registered Office 1, Gulshan Avenue, Gulshan-1, Dhaka-1212, Bangladesh Tel: 880 (2) 8813938, 8837550, Fax: 880 (2) 8861867, Swift: BRAKBDDH E-mail: [email protected], Web: www.bracbank.com RIGHTS SHARE OFFER DOCUMENT Date: January 15, 2014 Rights Offer of 221,652,288 Ordinary Shares of Tk.10.00 each issuing at Tk.20.00 each, including a premium of Tk.10.00 per share, totaling 4,433,045,760.00 offered on the basis of 01 (one) rights share for 02 (two) existing shares held on the record date. RECORD DATE FOR ENTITLEMENT OF RIGHTS OFFER Record Date February 10, 2014 Opens on: April 20, 2014 Subscription Closes on: May 15, 2014 Within Banking Hours CREDIT RATING STATUS Rating Year Long Term Short Term 2012 AA3 ST-2 Entity Rating 2011 AA3 ST-2 Date of Rating June 30, 2013 Rating Assigned By: Credit Rating Agency of Bangladesh Limited (CRAB) MANAGER TO THE ISSUE Amin Court (4th Floor), Suite 403-405 31, Bir Uttam Shahid Ashfaqus Samad Road (Former 62-63, Motijheel C.A) Dhaka-1000 Phone: +88 02 9559602, 9567726, 9564304, 9567679, Fax: +88 02 9558330 Web-site: www.aaafinancebd.com, www.aaawebbd.com, E-mail: [email protected], [email protected] FULLY UNDERWRITTEN BY First Security Islami Capital & Investment Limited Citizen Securities & Investment Limited Alamin Centre (12th Floor), 25/A Dilkusha C/A, Dhaka Al-Razi Complex (8th Floor), G-802, 166-167, SS Nazrul Islam Sarani, Purana Paltan, Dhaka Swadesh Investment Management Limited Green Delta Capital Limited Suite 01, Level 11, Unique Trade Center, 8 Panthapath, Karwan Bazar, Dhaka Hadi Mansion (6th Floor), 2, Dilkusha C/A, Dhaka Bay Leasing & Investment Limited Janata Capital and Investment Limited Printers Building (7th Floor), 5 Rajuk Avenue, Motijheel C/A Dhaka 48, Motijheel C/A (3rd Floor), Dhaka FAS Capital Management Ltd. -
Audited Financial Statements 2017
252 Bank Asia Limited Annual Integrated Report 2017 253 Independent Auditor’s Report to the Shareholders of Bank Asia Limited Report on the Financial Statements We have audited the accompanying consolidated financial statements of Bank Asia Limited and its subsidiaries (together referred to as “GROUP”) as well as separate financial statements of Bank Asia limited (“The Bank”) which comprise the consolidated and separate balance sheet as at 31 December 2017, consolidated and separate Profit and loss accounts, consolidated and separate statement of changes in equity and consolidated and separate statement of cash flows for the year then ended and a summary of significant accounting policies and other explanatory information. Management’s Responsibility for the Financial Statements Management of Bank Asia Limited is responsible for the preparation and fair presentation of these consolidated financial statements of the group and also separate financial statements of the Bank that give a true and fair view in accordance with Bangladesh Financial Reporting Standards (BFRS), as explained in Note 2 and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements of the Group and also separate financial statements of the Bank that are free from material misstatement, whether due to fraud and error. The Bank Companies Act 1991 (as amended on 2018), and the Bangladesh Bank Regulations require the Management to ensure efective internal audit, internal control and risk management functions of the Bank. The Management is also required to make a self-assessment on the efectiveness of anti-fraud internal controls and report to Bangladesh Bank on instances of fraud and forgeries.