Group profile

Name ID no.

Md. Sayed-Al-Sahaf 18121

Md. Mahbub Alam 18178

Shimul Sheikh 18125

Md. Mohiuddin 18120

Shahida Khanam 18164

Rimjhim Bristy Mree 18195

Md. Sayed-Al-SahafID no. 18121

Private Banks Do Better Than Public Banks.

Public Bank

Public bank is a bank, a financial institution, in which a state or public actors are the owners. It is a company under state control.

Private Bank

Private Banks are banks owned by either an individual or a general partner’s with limited partners.

List of public banks

Sonali BankAgrani BankRupali BankJanata Bank

List of private banks BRAC Bank Limited Dutch Bangla Bank Limited Eastern Bank Limited United Commercial Bank Limited Mutual Trust Bank Limited Dhaka Bank Limited Islami Bank Bangladesh Ltd Uttara Bank Limited

Pubali Bank Limited IFIC Bank Limited National Bank Limited The City Bank Limited NCC Bank Limited Mercantile Bank Limited Southeast Bank Limited Prime Bank Limited

List of private banks Social Islami Bank Limited Standard Bank Limited Al-Arafah Islami Bank Limited One Bank Limited Sumon Bank Limited Exim Bank Limited First Security Islami Bank Limited Bank Asia Limited

The Premier Bank Limited Bangladesh Commerce Bank Limited Trust Bank Limited Jamuna Bank Limited Shahjalal Islami Bank Limited ICB Islamic Bank AB Bank Jubilee Bank Limited

Rimjhim Bristy MreeID no. 18195

SWOT analysis between public banks and private banks

Strength of Public Banks

Customer loyalty & brand name Cost advantage from Economies of Scale Lower costs lead to higher profits Lower costs lead to higher profits Strictly follow ethical banking practices. Large customer base

Weakness of Public Banks

High debt burden Work inefficiencies Out dated technology High workers turnover Inefficient customer service.Limited promotion opportunityLack of training and development

Md. Mahbub AlamID no. 18178

Opportunities of Public Banks

Financial leverage Online marketing Emerging market New market International expansion High demand of credit High demand of remittance facility

Threats of Public Banks

International competition Intense competitionChange in tastesPolitical unrestTechnological advancement Lack of Flexibility to adopt to any change

Shahida KhanamID no. 18164

Strength of Private Banks

Strong corporate identityEfficient PerformanceYoung enthusiastic workforceStrong Financial PositionRelationship with existing clients is very

strongEfficient administrationTechnological improvement

Weakness of Private Banks

High level of competition Out dated technology Lack of knowledge of customer profileHigher interest rate in case of consumer loanRival bank can easily copy the service offering High worker turn over.

Shimul SheikhID no. 18125

Opportunities of Private Banks Distinct operating procedures

Country wide network

Experienced Managers

Implementation of BASEL

Branch expansion

By offering more attractive interest rates, and lowering

the minimum

If reducing its current fees & charges and positioning attractively , so they can attract more corporate client

balances eligible for interest, the bank can attract a lot of the old customers

Threats of Private Banks

Upcoming Banks/Branches Similar products are offered by other banks Default Loans Industrial Downturn Financial Crisis Inefficiencies within the operations of the bank Possibilities of more stringent regulations Lack of appeal to younger, Student, affluent potential customers

Md. MohiuddinID no. 18120

Conclusion

Both private and public bank is essential in terms of an economy. Private Banks play a great role in economic development of a country. Bangladesh is at least developing country and its economy is agro-based. Poverty is the main problem in this country. Banks collect money from large number of people, which has made possible for the commerce and industry to meet the requirements.

Recommendation All banking activities should be performed using IT

Bank should neglect the manual based operation

Staff and officers should be polite

Banks should introduce new product

Banks should consider experience, written test and viva examination in cases of promotion

Banks should provide appropriate training

Banks should take motivational effort

Banks should take strong position against corruption.