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    Foreign Exchange Performance of Basic Bank Limited

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    Asif Rajian Khan Apon
    This document contains summaries of Basic Bank Limited's foreign exchange and remittance performance from 2009-2013. It shows that both the bank's exports and imports increased over time, with imports being higher than exports each year. It also shows yearly comparisons of the number and amount of wire transfers from 2011-2013, with amounts and numbers increasing each year. Country-wise remittance figures for June-July 2011 are displayed, with the largest amounts coming from Dubai and Lebanon. Targets and achievements for remittances in 2010 and 2011 are also presented, with the bank achieving its targets each year.

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    Foreign Exchange Performance of Basic Bank Limited

    Uploaded by

    Asif Rajian Khan Apon
    9 views4 pages
    This document contains summaries of Basic Bank Limited's foreign exchange and remittance performance from 2009-2013. It shows that both the bank's exports and imports increased over time, with imports being higher than exports each year. It also shows yearly comparisons of the number and amount of wire transfers from 2011-2013, with amounts and numbers increasing each year. Country-wise remittance figures for June-July 2011 are displayed, with the largest amounts coming from Dubai and Lebanon. Targets and achievements for remittances in 2010 and 2011 are also presented, with the bank achieving its targets each year.

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    This document contains summaries of Basic Bank Limited's foreign exchange and remittance performance from 2009-2013. It shows that both the bank's exports and imports increased over time, with imports being higher than exports each year. It also shows yearly comparisons of the number and amount of wire transfers from 2011-2013, with amounts and numbers increasing each year. Country-wise remittance figures for June-July 2011 are displayed, with the largest amounts coming from Dubai and Lebanon. Targets and achievements for remittances in 2010 and 2011 are also presented, with the bank achieving its targets each year.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    9 views4 pages

    Foreign Exchange Performance of Basic Bank Limited

    Uploaded by

    Asif Rajian Khan Apon
    This document contains summaries of Basic Bank Limited's foreign exchange and remittance performance from 2009-2013. It shows that both the bank's exports and imports increased over time, with imports being higher than exports each year. It also shows yearly comparisons of the number and amount of wire transfers from 2011-2013, with amounts and numbers increasing each year. Country-wise remittance figures for June-July 2011 are displayed, with the largest amounts coming from Dubai and Lebanon. Targets and achievements for remittances in 2010 and 2011 are also presented, with the bank achieving its targets each year.

    Copyright:

    © All Rights Reserved
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    of 4

    Foreign Exchange Performance of Basic Bank Limited:

    Export & Import Performance of BBL


    56167

    60000

    Figure in Million Taka

    50000

    40411
    35689

    40000

    41919
    Improt

    26155

    30000
    20000

    15169

    10000

    Export

    29177

    18270

    25072
    17788

    0
    2009

    2010

    2011

    2012

    2013

    Yearly Flow of Remittances:


    Yearly Comparison of TT Number & Amount
    273221400

    929634402.5

    2,114,352,501.40

    Amount (in BDT)

    312500000
    6250000

    28641

    16489

    125000

    3666
    2500
    50
    1

    Amount (in BDT)


    No of TT

    2011
    273221400

    2012
    929634402.5

    2013
    2,114,352,501.40

    3666

    16489

    28641

    Figure 7.1.1: Yearly Comparison: 2011, 2012, & 2013

    Money Gram Payment System Inc.:


    Through Money Gram remittances are received from all of the country of the world.
    Remittance flow during 2011 and 2012 through Money Gram is shown in the following chart:

    Monthwise Number of TT in 2010


    January

    110

    150

    95

    February

    113

    143

    133

    127
    147

    March
    April

    170

    133

    138

    May
    110

    June
    July
    August
    September

    Figure 7.1.4(a): Monthly Comparison of Number of TT: 2010

    b) Yearly:
    Comparison of total remittance flow (amount in TK) among year of 2009, 2010 and
    2011:

    Total Remittance (in amount)


    172613645
    84549849.13
    78565763.94

    2009
    2010
    2011

    Figure 7.1.5(b): Yearly Comparison of Total Amount of Remittance: 2009, 2010, & 2011

    7.2 Country Wise Remittance:

    Amount in US Dollar (June to July, 2011)

    159440
    249744
    Australia

    59822

    Italy
    Canada

    63799

    France

    90631

    Dubai

    194966

    Lebanon

    Figure 7.2: Country Wise Remittance: Half Yearly: June to July, 2011

    7.3 Target and Achievement of BBL:


    Table 7.3: Target & Achievement of BBL

    Achievement

    Year

    Target (in Crore)

    2011

    300

    287

    2010

    300

    306

    (in Crore)

    Growth of Foreign Remittance:


    Table 4.1 : Growth of Foreign Remittance

    Year

    Remittance in US $ Billion

    2007-2008

    8.9

    2009-2010

    9.68

    2010-2011

    10.87

    2011-2012

    11.65

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