Export operation and short term financing of Jamuna Bank Limited

Abstract

Banking sector in Bangladesh is underdeveloped but recent expansion of private banks has created an opportunity to grow in this highly competitive market. From the begging the banks were more traditional is service and was ideologically challenged in product innovation. Some of the multinational banks operating in Bangladesh created a vast opportunities for modern banking. Moreover, export business operation of the country is fully dependent on banking services. It is the one and only method of foreign transaction and currency conversion. The growing success of Textile sector has proved to be a worth full indicator for the banks to expand and increase the profitability. Almost every bank provides foreign exchange facilities. Thus this internship report is prepared by focusing on the export operation and short- term financing of Jamuna Bank Limited. The only focus of this report was to observe the export procedure and financing related with export operation. The internship started by describing the history of banks in Bangladesh and JBL’s short introductory background. Then the report continued by describing different product and services offered by the bank. The internship was designed to provide the real life job experience and the later part was fully focused on the job description. The project of the report has been prepared to understand the overall export operation and financing (export bill purchase) of the bank. However, a critical analysis has also been done to show the performance of the bank comparing with other banks and also with its own branches. Finally, the report has conducted some recommendations for the bank as a suggestive tool for future improvement which might be helpful to expand and introduce new banking services to the customers.