Foreign trade operations of First Security Islami Bank Limited

Abstract

The growth of the economy of a country or region mainly depends on financial services. As our country in particular, farming, manufacturing and financial developments rely heavily on Banks ' horizontal operations. Consequently we obligate to create this sector more efficient and tremendous for our betterment. First Security Islami Bank Ltd is a market leader in Bangladesh. The Bank's main purpose is to provide all bank deals at the peoples doorsteps. The purpose of a student internship is to give an exhaustive representation in the main areas of the First Security Islami Bank Limited "Foreign Trading Operation." The foreign trading operation is one of the Bank's extensive functions. This plays a crucial role in the country's normal economic structure. Foreign exchange covers import, export parts also the remittance divisions, both in and out. The report contains the full amount of data required for the whole method. All the regulations and measures are indeed listed. Information on credit letter for instance arrangement of L / C, opening L / C, L / C sort, L / C reimbursement moods, relevant records, archive checks and transmission of L / C extension, why and when necessary, and accommodation scheme. The rest of the part contain with retirement and assessments of the Bank of Bangladesh when the report is published. Reveal also the method for exporting. Then shows performance analysis of FSIBL in what way it’s growing as well as with providing some suggestions and conclusion for FSIBL. All in all, foreign trade helped the bank to increase their financial source.