Financial product and services of Prime Bank Limited

Abstract

Banks are the most major elements of financial institutions in the economy. The banking practices are growing immensely across the world. It is trying to come up with different kinds of new products and services. Consumer banking is the key growth area in the modern economy. Increase of customer numbers in corporate banking is becoming stagnant. While every day number of customer growing rapidly. Consumer banking arena is new in Bangladesh. However, their positive involvements in trade, industry, business, finance, banks are very important part of economy. Prime Bank Limited is a private commercial bank in Bangladesh. It is the first generation bank came in 17april, 1995. It offers all kind of banking facility like Commercial Corporate and Personal Banking Services. Different type of new products and services include Corporate Banking, Retail Banking and Consumer banking are from the industry to agriculture and real estate to software. All my courses complete in BRAC University gives me proper understanding of theoretical implications. After that application is the next step in the learning process. So the internship program is the requirement of BBA program which provide an opportunity to work in the field. I have learned about products and services of Prime Bank offers to the client. This report is based on internship working experience which conducted at Elephant Road Branch of Prime Bank Limited as a part of internship program. Prime Bank’s objective is to bring a qualitative change in banking and financial sector. Today, it serves usefully and collecting funds from the surplus units of the economy in the form of deposit and assemble deposit to the deficit units of the economy in the form of credit. Now, Prime Bank Limited serves its customers at home and abroad with 127 branches and 170 ATM booths spread over the country and about three hundred oversea correspondences with the motive of quantities and qualitative change in economy.This report is related to a specific topic “Financial Products and Services of Prime Bank Limited”. The main objective is to give brief idea about Prime Bank’s financial activities like deposits, saving schemes, loan and their service process along with this is to explain my duties and responsibilities. Financial analysis represents its position in the market and current situation of a business. So it is the most important objectives to present the performance of Prime Bank. The first part of this report is the introduction part of objective, data collection source, data collection method etc. the second part is the overview of Prime Bank Limited. Third part is about job description, duties and responsibilities. Lastly in the fourth part ration analysis is presented from 2010-2015. Prime Bank has been graded as top class Bank in the CAMELS rating. Since it has been ranked based on performance and service, the performance of Prime Bank is standard.