Modern banks play an important part in promoting economic development of a country. Banks provide necessary funds for executing various programmes underway in the process of economic development. They collect savings of large masses of people scattered through out the country, which in the absence of banks would have remained ideal and unproductive. These scattered amounts are collected, pooled together and made available to commerce and industry for meeting the requirements. Economy of Bangladesh is in the group of world’s most underdeveloped economies. One of the reasons may be its underdeveloped banking system. Government as well as different international organizations have also identified that underdeveloped banking system causes some obstacles to the process of economic development. So they have highly recommended for reforming financial sector. Since 1990, Bangladesh Government has taken a lot of financial sector reform measurements for making financial sector as well as banking sector more transparent, and formulation and implementations of these reform activities has also been participated by different international organization like World Bank, IMF etc.
Bank Asia began its journey on the 27th of November 1999 with the inauguration of the bank’s Corporate Office at the Rang’s Bhaban. The overwhelming public response has enabled the Bank to keep up the plan of expanding its network. The opening of the Principal Office was the big leap forward and successively the opening of Gulshan and Chittagong Branch expanded the horizon of Bank Asia to bring its services to the valued clients more effectively. Bank Asia conducts all types of commercial banking activities. The core business of the bank comprises of import, export, working capital finance and corporate finance. The bank is also rendering personal credit, services related to local and foreign remittances. The “Personal Credit” scheme of the bank, which is designed to help the fixed income group in raising standard of living is competitively priced and has been widely appreciated by the customers. The bank’s strategy is to gradually cover the total arena of banking. The objectives of Bank Asia are to provide high quality service to its customers, to participate in the growth and expansion of our national economy, to set high standards of integrity, to bring total satisfaction to our clients, shareholders and employees, and to become the most sought after bank in the country, rendering technology driven innovative services by the dedicated team of professionals.
Origin of the Report
World is changing rapidly to face the challenge of competitive free market economy. To keep pace with the trend banks need executive with modern knowledge. After complete the MBA course, I am assigned to write a report (which is known as internship) on the experience that I gain during two months from 12/05/2009 to 12/07/2009 long orientation program in the different departments of Anderkilla branch of Bank Asia Limited.
Background of the study
I have tried to prepare the report in such a way that it reflects what I learn during the orientation period. I tried to clarify my experience with practical knowledge on overall banking activities.
• The primary objective in this research paper is to fulfill the partial requirement in the Masters of Business Administration (MBA) degree. • Besides fulfilling the degree requirement, this internship report intends to cover a comprehensive analysis of banking activities of Anderkilla Branch of Bank Asia Limited. • The report is aimed at studying and understanding the various products offered by the Bank’s each Department to its clients as well as the several activities carried out to achieve the departmental objectives. • To comply with the entire branch banking procedure. • Finally, this internship report also aims to analyze the performance of the...
Please join StudyMode to read the full document