Report on Letter of Credit
A CASE STUDY ON LETTER OF CREDIT OF EVEREST BANK LIMITED.
AN INTERNSHIP REPORT
ACKNOWLEDGEMENT
It has been a really awesome experience to be an intern at Everest bank limited. During the internship, I got an opportunity to meet the top personality of the banking sector and I got to know the real working environment and procedures of the banking industry.
This report is based on Issuance of Letter of credit at one of the leading bank of Nepal, Everest Bank Limited. It is prepared as a part of the internship program in partial fulfillment of the course-Bachelor of Business Administration (BBA) 8th semester.
During the preparation of this report, many people have helped me either directly or indirectly. So this report is an outcome of the valuable suggestions and guidance of different peoples and also help of senior’s report along with our report supervisor. In regard to this it is an inevitable duty of mine to acknowledge these persons gratefully.
EXECUTIVE SUMMARY
Everest Bank Limited is one of the commercial banks in Nepal, which was established in joint venture with Punjab National bank of India. It has been serving its customer since . Everest bank has contributed a lot in the development of the country. Being a member of SWIFT, this facilitates towards its valued customers. So, Everest bank plays a developing role not only in urban areas but also in rural areas. This shows that the bank has keen interest in the overall development of the country. It has provided loan for the agriculture, cottage, and small scale industry, large industries and many more. In other words, we can say that it has played a great role in the development of our country.
Everest Bank has played a great role in the development of the international trade. From the letter of credit transaction of Everest Bank Limited, we can say that it has really helped the international trade, which also helps to uplift the national economy. The terms and procedures used in the Letter of
AN INTERNSHIP REPORT
ACKNOWLEDGEMENT
It has been a really awesome experience to be an intern at Everest bank limited. During the internship, I got an opportunity to meet the top personality of the banking sector and I got to know the real working environment and procedures of the banking industry.
This report is based on Issuance of Letter of credit at one of the leading bank of Nepal, Everest Bank Limited. It is prepared as a part of the internship program in partial fulfillment of the course-Bachelor of Business Administration (BBA) 8th semester.
During the preparation of this report, many people have helped me either directly or indirectly. So this report is an outcome of the valuable suggestions and guidance of different peoples and also help of senior’s report along with our report supervisor. In regard to this it is an inevitable duty of mine to acknowledge these persons gratefully.
EXECUTIVE SUMMARY
Everest Bank Limited is one of the commercial banks in Nepal, which was established in joint venture with Punjab National bank of India. It has been serving its customer since . Everest bank has contributed a lot in the development of the country. Being a member of SWIFT, this facilitates towards its valued customers. So, Everest bank plays a developing role not only in urban areas but also in rural areas. This shows that the bank has keen interest in the overall development of the country. It has provided loan for the agriculture, cottage, and small scale industry, large industries and many more. In other words, we can say that it has played a great role in the development of our country.
Everest Bank has played a great role in the development of the international trade. From the letter of credit transaction of Everest Bank Limited, we can say that it has really helped the international trade, which also helps to uplift the national economy. The terms and procedures used in the Letter of
References: [1] Cheney, J.M. & Moses, E. A., Fundamental of Investment, West Publishing Company, New York [2] Ross, S.A. & Westerfield, R.W., Jordan, B. D., Fundamentals of Corporate Finance, Tata McGraw-Hill New Delhi, 2006 [3] Annual Report of Everest Bank Limited (2003/04-2009/10 :) [4] http://www. kcmit.edu.np/notice.php?notice=20, last access date September 2011 [5] http://www.ebl.com/about_us/brief_profile.html, last access date September 2011