National Bank Limited and its foreign exchange operations

Abstract

This is the report of my internship for which I have worked in National Bank Limited (NBL), Mohakhali Branch in Summer 2016 semester for 3 months as an internee. The project topic of my report was “National Bank Limited and its Foreign Exchange Operations”. For the project I have collected information from various sources. In the foreign exchange operations part I have discussed about export and import procedures. In the import procedure part I have discussed about LC issuing and transmitting, LC amendment, scrutiny of documents, lodgment and retirement. In the export procedure part I have discussed about LC advising, issuing EXP form, collection of documents and checking and export bill negotiation. I have also discussed about foreign remittance, LC procedures, LC types and parties and about some other concepts. In the organization part I have given the history, mission, vision, values and strategies of NBL. I have also discussed the products and services of National Bank Ltd.. I have given the key responsibilities of my job. I have also given 5 years performance data of NBL‟s foreign exchange operations where we can see that in 2015 NBL‟s export, import and foreign remittance all have decreased.