Internship Report Presentation

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Internship 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

Name: Md. Nazmul Hasan Rana

ID: B063519
Course: BBA
Major in: FINANCE & BANKING

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Title of Internship Report

Internship Report
on
The Foreign Exchange Management of
Southeast Bank Limited

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Overview 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 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 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 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 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 Chart
Hierarchy By numbers:
1. Chairman
2. Vice Chairman
3. Managing Director
4. Board Of Directors
5. Sr. Executive Vice Presidents
6. Asst. Sr. Vice President
7. Principal Officer
8. Sr. Executive Officer
9. Executive Officer
10. Senior Officer
11. Junior Officer

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

o Export,
o Import,
o Foreign Remittance,
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Foreign 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: 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: Export
Export (In M illion T K)

46724.47
42178.6

28771.36
25874.61

13511

2005 2006 2007 2008 2009

Year

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: Import
Import (In million Taka)
69,562.92
58,019.77

38,470.34 35125.12
29079.3

2009 2008 2007 2006 2005

Year

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/C
L/C Business (T K. In '000)

500000
425,651
400000
318,937 325,000
300000
255,337
200000
100000
0
2006 2007 2008 2009
Year

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: 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 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 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 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 Analysis
 Threats:
Major Threats to the company are

 Contemporary Bank
 Multinational Bank
 Upcoming Bank
 Losing Customer
 Huge FDI flow

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Conclusion
 Benefits of Internship
o Exposure in practical life
o Vision broadness
o Perfection of the Theory
o First step to a professional field

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Recommendations
 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 you

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