Research on Southeast bank limited bangladesh

Topics: Finance, Bank, Credit card Pages: 8 (632 words) Published: June 16, 2014

Assignment On: Southeast Bank Limited

Submitted to: Miraz Hossain

Submitted by:
Md. Salman
ID No. BBA 049 15246
Batch: 49D
Date: 15-June-2014

Introduction:
Southeast bank is a private commercial bank that is operates smoothly in the Bangladesh banking industry. They analyze the contemporary needs of their customer and offer the services that best suit of them. Customer satisfaction and long term customer relationship is prime objective of SEBL (Southeast Bank Limited). In addition SEBL continuously looking to improve their service quality as well as exploring new business opportunities, developing the most effecting manpower and raising funds for profitability. Thus aims to established themselves as superior in the banking industry in Bangladesh.

Foundation of the bank:
Southeast Bank operates under a double bottom line agenda where Bank’s sustained growth objectives and social responsibility go hand in hand as it strives towards a poverty free, prosperous Bangladesh. The Bank considers CSR activities not as a voluntary service but incorporates this with core Banking operation as long term sustainable ongoing process with a view to increase Bank’s brand image. In other words, the Bank strives to establish corporate social responsibility as a key strategy for corporate excellence in Banking to maximize stakeholders benefit. Whether it is a donation to a hospital, providing fund for sporting events or a contribution during natural calamities, SEBL and its CSR activities reach the elements of the society for helping the people. 

The Bank with a view to institutionalize corporate social responsibility, established Southeast Bank Foundation in 2002 to participate in social work. However, up to the year 2008 CSR activities of Southeast Bank Limited had been confined in the form of grants and donations. In 2009, the Board Directors has identified education sector as the area of activities for sustainable development of human resources. To begin with the secondary education sector has been selected as the area of concentration. So far the Foundation has awarded scholarships to a number of 828 students through its long term and renewable scholarship program

General banking activity:
General banking is the most important division for any commercial bank. This division is designed to provide the customers in depositing money, smoothing transactions for people and ensure security of the precious wealth of the customers. The functions of General Banking categorized as follows: Account Opening.

Receipt and Payment of Cash.
Remittance
Bills and Clearing.
 Deposits and Saving Certificates.

Product and services:
(A)SEBL, S Product
Conventional Banking
Savings (SB) Account
Current (CD) Account
Short Term Deposit (STD)
Fixed Deposit Receipt (FDR)
Double Benefit Scheme (DBS)
Millionaire Deposit Scheme (MDS)
Islamic Banking
Mudaraba Savings (SB) Account
Al – Wadiah Current (CD) Account
Mudaraba Short Term Deposit (STD)
Mudaraba Fixed Deposit Receipt
Mudaraba Double Benefit Scheme
Mudaraba Millionaire Deposit.
Mudaraba Hajj Sanchay Prokalpa
Loans & Advances
Working Capital Finance
Overdraft (OD)
Project Finance
Syndicated Loan
Packing Credit
Loan Against Export Bill
Loan Against Trust Receipt
(B).SEBL Services
Small & Medium Enterprise (SME) Banking
Period of Loan
Continuous Loan: 01 (one) year.
Term Loan: Maximum 05 (five) years.
Loan Ceiling
For small enterprise: Taka 2.00 lac to Taka 30.00 lac.
  For medium enterprise: Taka 2.00 lac to Taka 50.00 lac.
Dual Currency VISA Credit Card
Feature and Benefits
Single Card-Dual Use (Local & International)
20 – 50 Days Interest Free Credit Facility
50% Cash Drawing Facility at ATMs and any Southeast Bank Branch 100% Cash Drawing Facility at purchase mode through Card Cheque Easy Repayment
Auto Payment facility
Payment of International...
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