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    Foreign exchange (Letter of Credit) of Mercantile Bank Limited

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    13104121_BBA.pdf (868.3Kb)
    Date
    2017-08-24
    Publisher
    BRAC University
    Author
    Hasan, Mehedi
    Metadata
    Show full item record
    URI
    http://hdl.handle.net/10361/8632
    Abstract
    This is a project that contains the working experiences of different responsibilities in Mercantile Bank Limited (MBL). My research was aimed to identify the main factors that affect Mercantile Bank Limited. Oobjectives and goals, structure, Functions, L/C of foreign exchange Mercantile Bank Limited was analyzed by me. Being one of the best financial institutions Mercantile Bank Limited enters in the business field with an objective to progressively become the top bank. This report covers a thorough analysis about foreign exchange and credit section of Mercantile Bank Limited. First part of the reports is about the organization. On the other hand, second part about main part of the report includes the detail analysis. We know that, Banks are financial institutions those offer the widest range of financial services - especially credit, savings, and payment services and perform the widest range of financial functions of any business firm in the economy. In other words, Banks are financial service firm, producing and selling professional management of the public's funds as well as performing many other roles in the economy. The principal reason Banks are chartered is to make loans to their customers. Loans known as sources of funds are asset items in a Bank's Report of Condition, which are made to generate income for its stockholders, pay interest to its depositor, and compensate the Bank's employees for their labor and skill. Most of the Bank's largest asset item is loans generally accounts for half to almost three quarters of the total value of all Banks’ assets. MBL has decided to implement ‘go slow strategy’ first up. It offers different sorts of accounts which have distinctive properties. Customers open the different type of accounts that fit with their needs. The transaction flow differs from account type to type depending on many relevant matters it papers shows overall Procedures of Mercantile Bank Limited.
    Keywords
    Mercantile Bank Limited; Foreign exchange
     
    Description
    This internship report is submitted in a partial fulfillment of the requirements for the degree of Bachelor of Business Administration, 2017.
     
    Cataloged from PDF version of internship report.
     
    Includes bibliographical references (page 40).
    Department
    BRAC Business School, BRAC University
    Collections
    • Internship Report, BBA (Brac Business School)

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