Management process of foreign trade and credit department of Bank Asia Limited (Gulshan Branch)

Abstract

In order to complete my Internship program for Bachelors of Business Administration Course I have a tremendous experience working for a period of three months in Bank Asia Ltd (Gulshan Branch) starting from 08th May 2016 to 28th August, 2016. The whole affiliation report is divided into different sections. Firstly I gave the background of Bank Asia Limited and their product information. Second part is the main part of my report that is Activities undertaken are discussed. This part contains the main responsibilities and activities, lesson learned from the organization & the implication to the university, recommendations and finally the conclusion. Bank Asia Ltd is one of the leading private sector commercial bank in Bangladesh. Foreign exchange is an important department of Bank Asia Limited, which deals with import, export and foreign remittances. Foreign Exchange is an International Department of the Bank as well. It facilitates international trade through its various modes of services. It bridges between importers and exporters. This department mainly deals in foreign currency, that‟s why it is called foreign exchange department. On the other hand, Bank‟s basic work is to create a channel through depositing money from the surplus unit and provide funding to borrowers with productive investment opportunities. Thus the necessity of credit and loan department in bank occurs. Credit is the most important department of a bank. The money mobilized from ultimate surplus units are allocated through this department to the ultimate deficit unit (borrower). The success of this department keeps a great influence over the profit of a bank. Failure of this department may lead the bank to huge losses or even to bankruptcy. While working on this report, I have had such new experience and learned quite a lot of things which, I hope, will be very much handy in future. At the end, I would like to thank all the above mentioned executives for giving me continuous support throughout this three month‟s internship period.I would like to recommend the following suggestions:  Making a good relationship or respect to the other employee  The loan approve process should be easier that the clients can feel convenient to take loan from the bank.  IT division must be more developed.  Should have increased the space inside the branch to facilitate all the employees.  Bank should introduce more promotional programs for the customers.  Introducing a special yearly bonus for achieving the target set by the bank. Target will be set by senior authority based on the overall condition of the market. This bonus will motivate employees to give more of their effort, which will possibly become fruitful for the bank. Credit division has limited manpower. For that reason the incharge of credit division always remain busy. So they need to recruit more new employees for operating their division in effective way.