Commercial banking activity BLF is an old established leading bank in Corporate Banking and an active professional provider of quality services to the Lebanese and regional markets. Our specialized team covers all segments of the business and is fully dedicated and committed to present our clients with needed advisory and adapted solutions to their requirements. Commercial banking activities are carried out through two main commercial divisions: the small and middle market banking division and
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two primary functions-accepting deposits and advancing loans. A) Accepting deposits-The bank accepts deposits from public. People deposit their money as per their convenience and capability in the following accounts; i) Fixed or time deposit account:-Money is deposited in this account for a fixed period. The depositors get a fixed deposit receipt. The receipt contains the name of the depositor‚ the amount deposited‚ the rate of interest and the period of deposit. This receipt is not transferable
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Internship Report on Jamuna Bank Limited EXECUTIVE SUMMARY Jamuna Bank Limited is bank of new generation. It is committed to provide high quality financial services/products to contribute to the growth of GDP of the country through stimulating trade and commerce‚ accelerating the pace of industrialization‚boosting up export‚creating employment opportunity for the educated youth‚ poverty alleviation‚ raising standard of living of limited income group and overall sustainable socio-economic development
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Banking sector has significant contribution in the economy of a country. In banking sector the activities performed in GB and in Accounts department is of greatest importance. Banking service is directly related with clients. Banking activities facilitate clients to deposit their money in the bank according to their needs‚ to withdraw cash available in clients bank account‚ help the clients to engage in transaction in a safely mode‚ help the clients to improve their living standard by providing loans
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12-year “accumulation period‚” Sunrise wishes to the fund the annuity by making equal‚ annual‚ end-of-year deposits into an account earning 9% interest. Once the 20-year “distribution period” begins‚ Sunrise plans to move the accumulated monies into an account earning a guaranteed 12% per year. At the end of the distribution period‚ the account balance will equal zero. Not thate the first deposit will be made at the end of year 1 and that the first distribution payment will be received at the end of
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Topic Internal Controls Title An analysis of the Internal Controls used in the Finance department at COLFIRE. Research Questions 1. How are internal controls used at COLFIRE? 2. How does COLFIRE use internal control to operate their operations? 3. What are the major internal controls principles used at COLFIRE? Organization COLFIRE. (Colonial Fire and General Insurance Company Limited.) ACKNOWLEDGEMENT I would like to thank my teacher Mr. N. Cooper for giving me the necessary information
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Treasury Division Chief‚ Bookkeeper-Cash Receipts‚ Finance Manager and Data Administrators who handles specifically the cooperative cash and its report. Further‚ this policy represent collections arising from power bills‚ excess cash advances and other account receivables such as apprehension; constructions job; rental of poles and other related property; interest; grants. These receipts may be in the form of cash (bills or coins)‚ checks which are dated on the same day. The concerned employees that handle
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Prof. Muhammad Usman Whose love and support give us the strength to work… Contents Introduction 1 RATIO ANALYSIS 2 Average rate of lending: 2 Average rate of borrowings‚ deposits: 2 Admin cost/ deposits: 2 Spread: 3 Expense/ income: 3 Return on assets: 3 Return on equity: 3 Infection ratio: 4 Advance/ deposits: 4 Other Ratios not forming Basic Banking Ratios 4 Price/Earning Ratio: 4 PULSE FEELING ANALYSIS 5 Income Statemnt 5 Markup/ Return/ Interest Earned: 5 Vertical Analysis:
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made available to commerce and industry for meeting the financial requirements. Main functions of banking department are the followings: Account opening system‚ Account section‚ Collection and clearing‚ Saving Bank Account‚ Current Account‚ Short Term Deposit Account. Local remittance Section: Pay order‚ Demand Draft‚ Telegraphic Transfer‚ Call Deposit Account. Janata Bank Ltd. also provides different types of DPS like monthly savings Scheme (MSS)‚ Monthly Benefit Scheme (MBS). Janata Bank Ltd. provides
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The Chart of Accounts The increases and decreases in accounting element as affected by a business transaction are recorded in a device called account name‚ account title or account. Each accounting element is composed of several accounts which describe the related economic transactions and events. To maintain uniform account name‚ the business must have a listing of all the accounts it uses to record economic transactions. This listing of all accounts is called “Chart of Accounts.” The Chart of
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