Procedure of Letter of credit (LC), Import, Export and Local trade of Mutual Trust Bank

Abstract

Financial institutions have very wide range of activities in the economy of a country. Banks are the most important one in the financial sector as they play a very crucial role for the economy. Banking business mainly maintains flow of funds from depositors to investors. In doing so, banks need to collect deposit from the depositors and then distribute those as loan to the investors. Besides, banks provide assistance in international trade, money transfer, collection and payment of utility and other bills, etc. This report is the very effective outcome of forty five days internship program. It tells the picture of export import Practices followed by The Mutual Trust Bank Limited (MTBL). This report is the conglomeration of a comprehensive and practical exposure to the field of export import Practices followed by Mutual Trust Bank Limited. Internship program is the most significant part for completion of BBA program. After completing the academic courses I was placed in MTBL in order to complete my internship program. MTBL is a private Commercial Bank in Bangladesh, which plays a vital role in financial sector. The internship report has been prepared on “Procedure of Letter of credit (LC), Import, Export and Local trade of Mutual Trust Bank”. Bank has a significant role in the economic development of the country. The successful banking business ensures the growth of the economy by the effective uses of the funds. In order to developing the national economy, banks keep in mind going for lending, maintaining safety, liquidity & profitability. The report has been segregated into eight separate chapters for the convenience of the reader. Chapter 1 deals with the organization part of the Mutual Trust Bank Limited. Chapter 2 gives an idea about the nature of the job and responsibilities of the job and Critical observations and recommendations. Chapter 3 describes Report Summary and Description of the project. Chapter 4 is describing overall import export situation of Bangladesh from 2002 to 2011. Chapter 5 includes Local Trade, Back to Back L/C procedure and services of MTBL, chapter 6 includes the import pattern, financing procedure & some graphical presentations and chapter 7 contains Export pattern and & some graphical presentations chapter eight contains trend Analysis of 2 years of L/C of MTBL, Chapter 9 is told about commission income from MITS. Chapter 10 contains some problem of International trade at MITS Chapter 11 is recommendations, Findings and Chapter 12 is conclusion. Bibliography and appendices are enclosed at the end to help the reader to gain a detailed idea. All over the project I have tried to maintain the structure which I have got from my honorable faculty and I have tried to include all of those findings which were directly or indirectly related to my research. It was a great knowledge sharing time with my colleagues and my customers. I have enjoyed my internship period a lot.