Foreign exchange performance and bank’s profitability: an evaluation of SBL

Abstract

This report is about my internship at Standard Bank Ltd Principal Branch, Motijheel. In this report I have discussed every major aspect of my work experience during my internship period. In this report you will find information about services provided by the bank starting from its retail clients to its corporate and commercial clients and different working procedure of the bank. I have mainly worked at the Foreign exchange division of Standard Bank Ltd Motijheel branch and have discussed about my work experience there and specific job responsibilities. My report contains details about my job description at Standard Bank Ltd and detailed information about the industry I worked in along with a through financial analysis of Standard Bank foreign exchange. The main part of the report discusses about the L/C procedure followed by the bank and the variety of services the Bank provides to its foreign exchange customers. For the information used in this report I have included some information from my own observations and verbal discussion with bank officers, some numeric data have been collected from annual reports of Standard Bank Ltd. Foreign Exchange Market allows currencies to be exchanged to facilitate international trade and financial transactions. After passing a lot of phases, present foreign exchange market has established and performing to benefit all the parties incorporated here. There are basically three players in the foreign exchange market of Bangladesh. Those are the Bangladesh Bank, authorized dealers, and customers. This paper discussed regarding the related issues of foreign exchange activities of Standard Bank Limited. At the end it contains an analysis regarding the foreign exchange performance of Standard bank and a similar company from the same industry named- United Commercial Bank, which will give an idea about the success of the foreign exchange division of Standard Bank Ltd. 1