Scheduled Bank Statistics(SBS)

Abstract

Union Bank Limited is a newly established full-fledged commercial Bank based on Islamic Shariah in Private Sector of Bangladesh. The Bank has emerged as a result of further liberalization of economic policies by the Government of Bangladesh to bring competitiveness in the banking industry. They have commenced their journey on 1st April, 2013 with an Authorized Capital of Tk.10,000 million and paid up capital of Tk.4,280 million. The Union Bank Limited, a 4th generation Bank, has now sprouted 58 branches across the country. The Bank has been sponsored by a group of renowned personalities from the field of Trade, Commerce & Industry. The Bank has a total of 20 Directors, all of them are renowned businessmen in Bangladesh. The bank is run by a group of highly professional and experienced bankers in order to render quick and quality services to their customer. They have so far introduced a number of customer-friendly Deposit and Investment Products which has already been acclaimed by all. They have established correspondent relationship with some reputed overseas Banks and the process is continuing to establish mutually benefitted relationship with other Banks also. They are committed to respond the needs of overseas customers. In chapter two, there has been discussed about company profile such as overview of Union Bank Ltd. their corporate vision, value and Product and service of Union Bank ltd. I have showed in Third Chapter about my job Description in Accounts Department. In chapter Four I have discussed about Scheduled Banking Statistics and The Necessity of it in Banking sector. At last, I include a SWOT ofUnion Bank Ltd and other practical observation which is required to judge the performance from the aspects of strength, weakness, opportunity and threat. Finally, I have included some recommendations made under some findings of Scheduled Banking Statistics.