General banking activities of EXIM Bank Limited

Abstract

Commercial banks are one of the main contributors to the economy of developing countries. They act as financial intermediaries by performing the activities of assembling the funds from one party and lending the same to another while making a good amount of profit. People and the government itself are greatly reliant on the services provided by the different banks in the financial market. EXIM Bank Limited has started their journey as a private commercial bank on August 3, 1999. The entire working procedure of EXIM Bank Limited, Elephant Road Branch is divided into three departments. They are 1) General Banking 2) Investment and 3) Foreign Exchange. I have tried my best to prepare this report to be as much informative and relevant as possible. General banking is the starting point of all the banking processes. This division offers day to day services to their customers. It includes new accounts, remit funds, issue pay orders and bank drafts etc. Islamic Shariah based banks like EXIM Bank collects various deposits from their customers. They provide the depositors the rate of profit they earn from their operation. According to Islamic Shariah, the bank act as Shahib-AL-Mal and customer acts as a Mudarib. This report provides information regarding EXIM Bank Limited which includes their historical background, vision, mission, corporate strategy and the other aspect like the banking with shariah principles etc. After that the report highlights on the activities of EXIM Bank, Elephant Road Branch. Then the report focuses on the general banking activities and also my duties and responsibilities as an intern of that bank. Besides, the various products and services provided by EXIM Bank Limited are also discussed in brief along with the SWOT analysis showing the strengths, weakness, opportunity and threats of EXIM Bank Limited, Elephant Road Branch is mentioned in this report. Lastly some recommendations are provided from my perspective in this report.