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Internship Report PresentationInternship Report Presentation

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Internship Report PresentationInternship Report Presentation

Submitted to-Md. Noman Siddikee(Internship Supervisor)

Lecturer in Finance

International Islamic University

Chittagong- Dhaka Campus.

Dhanmondi, Dhaka.

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Introduction Introduction

Name: Md. Nazmul Hasan RanaID: B063519

Course: BBA

Major in: FINANCE & BANKING

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Title of Internship ReportTitle of Internship Report

Internship Report

on The Foreign Exchange Management of

Southeast Bank Limited

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Overview of the OrganizationOverview of the Organization

History & background of Southeast Bank Limited:

Year1991- SEBL started its first journey as a Private Bank. Year1995- SEBL Started its Commercial Banking

Operations. SEBL started its banking operation with fourteen branches

and now it has almost 56 branches. Year 1999- It’s the year of SEBL’s Initial Public Offerings. The Company Philosophy- “A Bank with Vision” Head Office- Eunoos Trade Centre, 52-53, Dilkusha C/A (Level 2, 3 & 16), Dhaka- 1000.

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Overview of the OrganizationOverview of the Organization

Public Limited Company.Banking Services Providing

Company.Three divisions of the Banking

o General banking,o Corporate Banking,o Islamic Banking,

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Overview of the OrganizationOverview of the Organization

Business Volume: Authorized Capital:

TK 10,000.00 million.

Paid Up Capital:

TK 9,927.16 million.

Profit During 2008-09:TK 1,870.19 million.

Total Asset Base in Bangladesh:

TK 112676.98 million.

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Overview of the OrganizationOverview of the Organization

Competitors of the Company:

o Dutch Bangla Bank Limited.o Dhaka Bank Limited.o Al Arafah Islami Bank Limited.o Estern Bank Limited.o Prime Bank Limited.

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Overview of the OrganizationOverview of the Organization

SEBL has 56 Conventional Banking Branch all over the country.

There are 3 Islami Banking Branch and The rest of them are SME Branches.

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Organizational Hierarchy ChartOrganizational Hierarchy Chart

Hierarchy By numbers: 1. Chairman

2. Vice Chairman3. Managing Director4. Board Of Directors

5. Sr. Executive Vice Presidents6. Asst. Sr. Vice President

7. Principal Officer8. Sr. Executive Officer

9. Executive Officer10. Senior Officer11. Junior Officer

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Organizational Hierarchy ChartOrganizational Hierarchy Chart

Employee statistics of SEBL :

o Total Number of Employees working in SEBL 1402.o Number of Executives are 113.o Number of Officers are 1141.o 148 other staffs.

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Training ProgramTraining Program

The Internship Program:

o April 08, 2010 – July 08, 2010.o Concentration on The Foreign Exchange Management –

Foreign Remittance, Export and Import.o Related work sectors- General Banking.

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Training ProgramTraining Program

The Task Assigned to me During My Internship:

o Export & Import and Foreign Remittance under Foreign Exchange Management.

Other office duties assigned to me during internship:Under General Banking:

o The Account Opening Section.o The First Clearing House.o Working in Cash Department.

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Structure of the Uttara BranchStructure of the Uttara Branch

SEBL uttara Branch is the most profit oriented branch of SEBL.

o Started its Operation at Uttara in 1998.o Started its Foreign Exchange Department in 2003.o It’s an Authorized Dealer to sell and buy international currencies.

Department Hierarchy:1. Senior Vice President and Manager of the Branch.2. Senior Asst. Vice President and Manager Operation.3. Principal Officer.4. Executive Officer.5. Junior Officer.6. Probationer Officer. 7. Other Staffs.

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Operations of Foreign Exchange Operations of Foreign Exchange DepartmentDepartment

The major operations of Foreign Exchange Department at SEBL Uttara Branch:

o Export,o Import,o Foreign Remittance,

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Foreign Exchange: RemittanceForeign Exchange: Remittance

Functions of Foreign Remittance Department:

Inward foreign remittance Outward foreign remittance Opening Foreign Currency Accounts Governing Wage Earner’s Bond Opening Student File etc in computers of the company

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Foreign Exchange: RemittanceForeign Exchange: Remittance

Total Inward and Outward Remittance

During the year 2009:

Particulars 2008 2009

Inward Remittance $ 31,85,824.82 $ 6,04,379.56

Outward Remittance $ 58,019.77 $ 69,582.92

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Foreign Exchange: ExportForeign Exchange: Export

13511

25874.6128771.36

42178.646724.47

2005 2006 2007 2008 2009Year

Export (In Million TK)

Comment: To explain this, we select year 2005 as base year. Firstly, in 2006 export income were 25874.61, which have been increased than that of 2005. Secondly, in 2007 export income were 28771.36, which have been increased than that of 2006. Thirdly, in 2008 export income was 42178.60, which have been increased than that of 2007. In this way, we see that export income has positive change, so the firm’s financial position is improving day by day.

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Foreign Exchange: ImportForeign Exchange: Import

69,562.92

58,019.77

38,470.34 35125.1229079.3

2009 2008 2007 2006 2005

Year

Import (In million Taka)

Comment: From the above figure it is evident that gradually import business was being increased. To explain this, we have selected year 2005 as base year. Firstly, in 2006 import income were 35,125.12, which have been increased than that of 2005. Secondly, in 2007 import income was 38500, which have been increased than that of 2006. Thirdly, in 2008 import income was 58019.70, which have increased than that of 2007. In this way we see that import income has positive change, so the firm’s financial positions improving day by day.

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Foreign Exchange: L/CForeign Exchange: L/C

255,337318,937 325,000

425,651

0

100000

200000

300000

400000

500000

2006 2007 2008 2009

Year

L/C Business (TK. In '000)

Comment: From this chart we find out the yearly L/C business income. We select the year of 2006 as base year. In 2007 L/C business income was 318,937, which has been increased than that of 2006. Secondly, in 2008 L/C business income was 325,000, which has been also increased than that of 2007. Thirdly, in 2009 L/C business income was 425,651, which has been increased than that of 2008.

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Foreign Exchange: SWIFTForeign Exchange: SWIFT

The Bank has become the member of SWIFT Alliance Access, a multi-branch secure financial messaging system provided

by the Society for Worldwide Inter- bank Financial Telecommunication (SWIFT), Belgium. With the activation of the SWIFT system the Bank enjoys instant, low-cost, speedy and reliable connectivity for L/C transaction, fund transfers, message communication and other worldwide financial activities.

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SWOT AnalysisSWOT Analysis

STRENGTHS:

Major Strengths of the company are

Trustworthiness Good Management Modern Facilities Regular Customers Membership of SWIFT Good banker-customer relationship Company reputation Large Network- both nationally & Internationally Branch Expansion.

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SWOT AnalysisSWOT Analysis

WEAKNESSES:

Major Weaknesses of the company are

Lack of proper motivation Training and job rotation Limitation of information system Lack of own ATM services Large Branch Network in Rural areas

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SWOT AnalysisSWOT Analysis

OPPORTUNITIES:

The major opportunity available to the company are

SME Finance Huge business area High growth of sales & trade Finance volume Diversification Investments on technology & Credit Card.

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SWOT AnalysisSWOT Analysis

Threats:

Major Threats to the company are

Contemporary Bank Multinational Bank Upcoming Bank Losing Customer Huge FDI flow

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ConclusionConclusion

Benefits of Internshipo Exposure in practical lifeo Vision broadnesso Perfection of the Theoryo First step to a professional field

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RecommendationsRecommendations

My recommendations are-

Improve in the Marketing Sector More Advertising about various facilities of the Bank Superior Online Banking First and Organized Customer support Building an Superior ATM network

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Thank youThank you