Foreign exchange practice of Southeast Bank Ltd.

Abstract

A Bank is an economic institution whose main aim is to earn profit through exchange of money & credit instruments by providing satisfactory services to the customers. It is a service oriented as well as profit oriented organization. To perform those two functions simultaneously, the Bank divides its operation mainly in three parts- General Banking, Loan & Advances and Foreign Exchange. Bank also invests their money into different financial security and also in different types of project to diversify the risk and getting more profit. Southeast Bank Limited is one of the leading private commercial Banks having a spread network 98 branches across Bangladesh. General banking is the starting point of all the banking operations. General banking department perform the majority functions of a bank. In fact, bank operates with the people money and this process start with general banking. Foreign exchange plays a vital role in export and import of a country and it is most important department in SEBL. Foreign trade refers to the trade between the different sovereign nations of countries. Foreign trade are mainly categorizes into export trade and import trade. For development of the economy in a country foreign trade is important. Lending is the core function of commercial bank. For a bank good loans or credits or advances are most profitable assets. The largest portion operating income is derived from lending. A commercial bank usually wins over its competitor only on the quality and quantity of lending. And the financial analysis indicates the condition of Southeast Bank Limited. The overall performance of the Southeast Bank Limited as a whole is said to be quite standard. This report is presented in several parts in sequential manner. This report has several chapters and each chapter discuss different aspect regarding the topics. At first I have highlighted the general introduction about the Southeast Bank limited which includes Introduction, background, origin, rational, objective, scope and limitation of the study and also discuss about the methodology and the source data.