Performance Evaluation of a Private Bank

Topics: Bank, Banking, Banks Pages: 17 (3548 words) Published: August 10, 2009





An Assignment


Performance Evaluation of a Private Bank

IFIC Bank as a private bank in the private sector of Bangladesh.

Prepared For:
Narzia Florin
Dept. of Business Administration

Prepared By:
Saleh Ahmed
BBA – 02406160
24th GI
Dept. of Business Administration
Stamford University Bangladesh.

Submission Date: 15th May 2006

Letter of Transmittal

Dated: May 15, 2006

Narzia Florin
Dept. of Business Administration

Subject: Submission of report on performance evaluation of a private commercial bank.

Dear Madam,

It has been a great pleasure to submit the report on performance evaluation of a private commercial bank. You are aware that I collected information on a private commercial bank. I choose IFIC Bank for the report purpose. I am fortunate enough that I got all those information necessary for the assignment purpose. I believe that this assignment has given me a great experience to me and it has enriched both my knowledge and experience. I tried my best to prove my skills while preparing this report.

I cordially seek your kind advice or suggestion regarding my mistake which will help me in my practical and theoretical works in the days to come.

Sincerely yours,

Saleh Ahmed
BBA – 02406160
24th GI
Table of Contents

❖ Executive Summary.
❖ Profile of IFIC Bank.
❖ BANK'S MISSION: Quest for Excellence.
❖ The bank in a sketch.
❖ Ownership Structure.
❖ Financial Position.
❖ Product & Services.
❖ Human Resources Development.
❖ Rates of Deposit Schemes.
❖ Conclusion.

Executive Summary:

In this report on the Performance Evaluation of a private bank as IFIC bank, I collect the necessary information from its web site, catalog, bossier and personally by information collection. I found that these private companies are very competitive and want to capture the vast market of Bangladesh at any cost. So they provide various types of product and services. I also found that the companies counterattack their competitors by their offers. Some gives high or low interest rate, new facilities etc... Every company has their own strategy to capture the market. In my report I tried to include most of IFIC bank’s product, services and facilities. Though I have some limitations I tried my best to show the Performance Evaluation of IFIC bank as a private bank.

BANK'S MISSION: Quest for Excellence

Our Mission is to provide service to our clients with the help of a skilled and dedicated workforce whose creative talents, innovative actions and competitive edge make our position unique in giving quality service to all institutions and individuals that we care for.

We are committed to the welfare and economic prosperity of the people and the community, for we drive from them our inspiration and drive for onward progress to prosperity.

We want to be the leader among banks in Bangladesh and make our indelible mark as an active partner in regional banking operating beyond the national boundary.

In an intensely competitive and complex financial and business environment, we particularly focus on growth and profitability of all concerned. THE BANK IN A SKETCH:

International Finance Investment and Commerce (IFIC) Bank Limited started banking operations on June 24, 1983. Prior to that it was set up in 1976 as a joint venture finance company at the instance of the Government of the People's Republic of Bangladesh. Government then held 49 percent shares while the sponsors and general public held the rest.

The objectives of the finance company were to establish joint venture Banks Finance Companies and affiliates abroad and to carry out normal functions of a finance company at home.

When the Government decided to open up banking in the private sector in 1983, the above finance company was converted into a...
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