Procedures of L/C of IFIC Bank Ltd

Abstract

This report is about my internship at IFIC Bank Ltd Motijheel branch. In this report I have discussed about every major aspect of my work experience during my internship period. In this report you will find information about every service provided by the bank starting from its retail clients to its corporate and SME clients and different working procedure of the bank. I have mainly worked at the Foreign exchange division of IFIC Bank Ltd Motijheel branch and have discussed about my work experience their and the procedure of opening an L/C with the foreign exchange division of the bank. My report contains details about my job description at IFIC Bank Ltd and detailed information about specific jobs I did at the foreign exchange division of the bank and the skills and knowledge I have gathered. 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 observations and verbal discussion with bank officers, some numeric data have been collected from annual reports of IFIC Bank Ltd. At the end it contains a graphical representation regarding of the commissions earned over the years by the foreign exchange division which gives an idea about the success of the foreign exchange division of IFIC Bank Ltd.