Foreign trade management: a study on Bank Asia Limited

Abstract

Banking Sector in Bangladesh remains underdeveloped yet recent expansion in private banks have led to an opportunity of growth in this competitive period. Banks are more traditional in service from the start and were very much challenged in product innovation. A lot of Multinational banks operating in Bangladesh have created substantial opportunities for local banks to follow up with the culture of modern banking. Also it is very fortunate that export business operation of the country is largely dependent on banking services. It is the best way of foreign transaction and currency conversion. Textile as well as RMG sector of Bangladesh is a landmark of the growing profitability and expansion of bank in Bangladesh. Almost every single bank in Bangladesh provide foreign trade facilities. And so this report focuses on the foreign trade activities in Scotia Branch of Bank Asia Limited. The project section focuses on how foreign trade is operated and different aspects of the department. The background and history of the organization is shortly described. In the end, the report describes critical understandings of the entire learning and adds few recommendation for overall improvements.