Foreign Exchange operation of Southeast Bank

School of Business ASIAN UNIVERSITY OF BANGLADESH

Assignment on
Topic: Fo eign e!ch"nge o#e "tion on Southe"st B"n$

Prepared for:

Md. Touhidul Alam Course Teacher Financial Institution

Prepared By:

Md. Sadakur Rahman I : !"""!"#!$ Md. Salam I : !"""!"!%& 'anak (hosh I : !"""!" Md. Fai)us Salehin I : !"""!""*$ Md. Sa+i, -asan I : !"""!""*! BBA &th .A/ hanmondi Campus Asian 0ni1ersity of Ban2ladesh

ate of su,mission:

ecem,er !34 !""5

ecem,er !34 !""5 Course Teacher International Finance School of Business Asian 0ni1ersity of Ban2ladesh Su,+ect: Su,mission of Assi2nment ear Sir: It is our pleasure to su,mit our assi2nment titled 6 Forei2n e7chan2e operation of Southeast Bank8. In our assi2nment report 9e tried to include the ,asic function launched ,y South :ast Bank in Forei2n :7chan2e operation. ;e 9ould ,e happy to pro1ide further information as mi2ht ,e asked ,y you. Sincerely <ours4 Md Sadakur Rahman Md. Salam Md. Fai)us Salehin Md. Sa+i, -asan 'anak (hosh

Executive Summery In todays world of volatile economy commercial banks plays a very important role. Like any other country, the economy of Bangladesh is also strongly influenced by the sound functioning of the commercial bank. Southeast Bank Limited is a scheduled commercial bank in the private sector, which is focused on the established, and emerging markets of Bangladesh. In part A we have tried to include a short discussion about companys general information and some general functions as deposit and credit functions. he topic relevant function and the function of a department that has direct impact not only in the internal economy of the country but also to the !lobal economy is foreign e"change department which is discussed in the part B.

Part A
General Information about Southeast Bank

Introduction of Southeast Bank Limited Southeast Bank Limited is a scheduled commercial bank in the private sector, which is focused on the established and emerging markets of Bangladesh. In #haka, the first branch was launched in $%%& and the bank has been growing ever since. South 'ast bank limited has $% branches throughout Bangladesh and its aim is to be the leading bank in the countries principal markets. he bank by concentrating on the activities in its area of speciali(ation has achieved good market reputation with efficient customer service. he bank also tries to fulfill its share in community responsibilities. By such measures the bank intends to grow and increase shareholders earning per share. South east Bank Limited pledge to ma"imi(e customer satisfaction through services and built a trusting relationship with customers, which has stood the test of time for the last seven years.

Board of Director
CHAIRMAN )agib Ali $ICE CHAIRMAN A(im +ddin Ahmed IREC!#R ,uhammad Abul -ashem /ussuf Abdullah .arun ,uhammed Abu ayub 1alalur )ahman Sayed Shahid Ali ,ostori ,ia ,d. Akikur )ahman ,. A. Ahad 1usna Ara -ashem #uluma Ahmed )ehana )ahman )abeya -hatun 5howdhury Alamgir -abir PRESI EN! AN MANE"IN" IREC!#R Syed Abu *aser Bukhtear Ahmed C#MPAN& SECRE!AR& A. -. 2ureshi

Management Executive
PRESI EN! AN MANA"IN" IREC!#R Syed Abu *aser Bukhtear Ahmed EP%!& MANA"IN" ,. A. ,uhith IREC!#R

SENI#R E'EC%!I$E $ICE PRESI EN! Syed Imtia( .asib ,d. ,osharraf .osain -hondkar 0a(le )ashid ,ahbubur )ashid A. -. 2ureshi E'EC%!I$E $ICE PRESI EN! ,. ,. A. ,ukit A. .. ,. 3ali -han 'namul .o4ue Shabbir Ahmed Imtia( 5howdhury -haled Saifullah SENI#R $ICE PRESI EN! ,u6ibur )ahman ,d. Ali Ahmed ,d. ,ubin ul -hale4ue Shahabuddin ,d. 6afar A. S. ,. Bulbul $ICE PRE I EN! -handakar 0ahim +ddin Ahmed Ahmad abshir 5houdhuri ,d. Altafur )ahman ,d. Sawkat .osain ,ustafi(ur )ahman -a(i ,ahmood -arim ,d. Shams abre( A. 0. ,. Shariful Islam

South East Banks Vision and Mission

It(s $ISI#N o stand out as pioneer banking institution in Bangladesh and contribute significantly to the national economy. It(s MISSI#N .igh 4uality financial service with the help of latest technology. 0ast and accurate customers service. Balanced growth strategy. .igh standard business ethics. Steady returns to shareholders e4uity. Innovative banking at a competitive price. #eep commitment to the society and the growth of national economy. Attract and retrain human resource.

)ive &ears )inancia* Hi+h*i+ht At a "*ance

%ARTI&ULARS Authori)ed Capital Paid up Capital Reser1ed Fund :>uity Fund .Capital and Reser1e/ eposit Ad1ance In1estment Import Business :7port Busines (urantee Business Total Income Total :7penditure ?peratin2 Profit @et Profit after Ta7 and Pro1ision Fi7ed Asets Total Assets :arnin2 per Share .Tk./ i1idend Cash .A/ Bonus Share Return on :>uity .R:?/ Return on Assets .R?A/ @on Performin2 Coans Capital Ade>uacy Ratio @um,er of Correspondent Banks @um,er of Forei2n Correspondents @um,er of Shareholders @um,er of :mployeesD Bankin2 B@onBankin2 @um,er of Brunches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

Balance Sheet as at 7$st #ecember 8998 PR#PER!& AN ASSE!S

ec ,-. /00/

&"sh In fund and 9ith Ban2ladesh Bank E Sonali Bank .Includin2 Forei2n Currency/ B"l"nce ,ith Othe B"n$s "n- Fin"nci"l Institutions. In Ban2ladesh ?utside Ban2ladesh /one0 "t &"ll "n- Sho t Notice In1estments. (o1ernment ?thers Lo"ns "n- A-1"nces. Coans4 Cash Credit A ?1erdrafts Bills iscounted and Purchased Fi!e- Assets 2"t cost les -e# eci"tion3 Othe Assets Tot"l % o#e t0 "n- Assets LIABILITIES AND &A%ITAL Li"4ilities. Bo o,ing f om Othe B"n$ing &om#"nies5 Fin"nci"l Institutions5 Agents etc6 De#osit "n- Othe Accounts. Current Accounts and ?ther Accounts etc. Bill Paya,le Sa1in2s Bank eposits Bearer Certificate of eposit Term eposit Othe Li"4ilities Tot"l Li"4ilities &"#it"l7 Sh" ehol-e s E8uit0. &"#it"l. Isued4 Su,scri,ed and Paid up: 5%5"""" ordinary shares .55""555 ordinary shares in year !""#/ of Tk. #""."" each Proposed Issue of Bonus Shares F #"A .!""#: F #"A/

$*"#&*$3" %5&!=%!$5 #$5#55!" 9:9:;+:*< #!*$%="""" !"=5*#=%"" !!*!%3"!& ''+'(;*9'* #!%35!&5*=* 5*5*5$#5! )<(';)<(**( 3**"="5! *"""53$== )+++'=;;<*

)'::(((((( &$%&"#&*$ !"5&33%*& &"=#5!!5# $"#=335"* #!===&!&$*5 ):<=<=:'**+ )<9;:**=;( );*99(:'=9+

5%5""""""

.!""#: 55"""" ordinary shares of Tk #""."" each/ Proposed Cash i1idend F !"A .!""#: F 5"A/ Share Premium Account Statutory Reser1e ?ther Reser1es Surplus as per Profit and Coss Account Tot"l Sh" ehol-e s E8uit0 Tot"l Li"4ilit0 "n- Sh" ehol-e s E8uit0

5%5""""" $!%""""" *"*#!""" !&=*&%""" 5#$5#&#% 5%"*=5== *)9=':';) )+++'=;;;<* ec ,-. /00/

C#N!RA EN!RIES
Off B"l"nce Sheet Items. Contin2ent lia,ilities Constituents lia,ilities for acceptances :ndorsements and other o,li2ations Cetter of Credit Cetter of (uarantee Bill for CollectionB Paya,le in Ban2ladesh Paya,le out side Ban2ladesh

!%#3&5%=#* #*=%%#!*"! 33$#=3&5!" =5&#*$$& #3353&3%! )*+'9+'9) =99*+);:+)

Profit & Loss Account for the year ended 31st December 2002 PR#PER!& AN ASSE!S
ec ,-. /00/ #=*!#*=$$! ##3$**!%#5 =<=<(<):* #55!#*$"$ B #&&*!&!"3 !"!3=5%* ;+;:*9=<+ #"#==&"#% *=*5$&%* !#*$#=#3 #5=""" =33"5$ #!%*=%%5 5&!%&3! !"$5$&" ##%"#=!* ==*%$"$% '*9)(':<= =*)=*<*(= )(9='=: =*'::+)=* 5=55!""" B !#%$$""" :;((*((( =<::=*)=* #*#&*%""" ':<:9<)=* !*!*$!"% '+)+:(<:: ec ,-. /00#35=!5=#!= #"3"#3%%#5 <*:(++:)' ##553*%=& 3=5*3!$ #$&#3$$#$ #=$!"*!5 ;(;+==)<+ $&==#%!$ 5&$*$!#3 #*5$!"== #5=""" #=%35$ ##"=5&== !**=55# #$"=""" #%=5="*5 3=$5""3$ '):*));=* =*)*<'<+* )*<+;' =*')'9'9) #&$3=""" $""""""" #=#*!= +*+*9+': =('''*=<9 #5#3!&""" ';(;<;=<9 5#55$$" ';<+;)'(9 O#e "ting Income. Interest and iscount Income Ces: Interest paid on eposit Borro9in2 Net Inte est Income Income from In1estment (ain on sale of In1estment of share Commission4 :7chan2e E Brokera2e ?ther ?peratin2 Income G oss O#e "ting Income Less. O#e "ting E!#ense. Salary and Allo9ance and Pro1idin2 Fund Rent4 Ta7es4 Insurance4 Ci2htin2 etc. Posta2e4 Stump4 Tele2ram E Telephone Audit Fee Ce2al e7penses Stationary4 Printin24 Ad1ertisement irectorsG Fees and :7penses Mana2in2 irectors remuneration epreciation on and repairs to BankGs property ?ther e7pense Tot"l O#e "ting E!#ense Net O#e "ting Income Non> O#e "ting Income72Loss3 % ofit 4efo e % o1ision Less Pro1ision for 0nclassified Coan and Ad1ances Pro1ision for Classified Coan and Ad1ances Pro1ision for diminution in the 1alue of Shares Tot"l % o1ision Tot"l % ofit 4efo e T"! Cess: Pro1ision for Ta7 Net % ofit "fte T"!. Retained Surplus ,rou2ht for9ard Ret"ine- % ofit 4efo e -ist i4ution

A## o# i"tions. Statutory Reser1e Proposed Cash i1idend Proposed Bonus Shares Share Premium account Amount Transferred to SBC Foundation

*%=&"""" $!%""""" 5%5""""" 3$%$3""" !%"#""" '=:;9:((( <9(+:<:: 9*6+:

*"33%""" &&"""""" 55"""""" 55#5*""" B '=::+=((( '+'+;'(9 +'6(=

Ret"ine- E" ning E" ning #e Sh" e

Services and Products Services Loc$e Se 1ices Small ,edium Large Ye" l0 &h" ges k. :&9 k. $,8&9 k. 8,999 k. 8,&99;< =refundable> for all types of lockers. Se 1ices Secu it0 De#osit A1"il"4le "t "u*shan Branch hanmondi Branch %ttara Branch

Products #eposit Schemes Savings =SB> Special *otice #eposit =S #> 0i"ed #eposit 79 #ays A9 #ays 7 ,onths A ,onths $ /ear 8 /ears 7 /ears #eposit )ate =#.).> ?.99@ &.&9@ :.99@ :.&9@ ?.8&@ ?.&9@ %.99@ %.&9@ $9.99@

@ote: The maturity period of BC cannot e7ceed # .?ne/ year and for BC s 9e offer competiti1e rates commensurate 9ith F Rs .Time eposits/ of respecti1e tenors.

Besides 0i"ed #eposits, Savings Bank #eposit and 5urrent Account #eposits, the Bank has introduced the following customers friendly deposit schemesB Month*y Insta**ment Si1e 2!k34 Cension Savings &99.99 Schemes $999.99 'ducation Savings &99.99 Schemes $999.99 ,arriage Savings &99.99 Schemes $999.99 Savers Benefit Amount Bui*t u5 after 6 years 2 !k34 D9999.99 ?9999.99 D9999.99 ?9999.99 D9999.99 ?9999.99 Amount Bui*t u5 after -0 years 2 !k34 $9?999.99 8$A999.99 $9?999.99 8$A999.99 $9?999.99 8$A999.99

e5osit Scheme 2SB S4 !erm $st /ear 8nd /ear 7rd /ear Dth /ear &th /ear Ath /ear :th /ear ?th /ear Si1e of de5osited amount 8ith interest after com5*etion of the term 2 !k34 &D,999.99 &%,999.99 A&,999.99 :8,999.99 :%,999.99 ?%,999.99 %%,999.99 $,$9,999.99

e5osited Amount7 60.000300

Bearer 5ertificate of #eposits =7,A,$8, month>

Loan Product Cate+ory and its Cost Lendin+ Cate+ories Loan to Crimary Croducers Loan to agricultural Agricultural Schemes input traders and fertili(ers dealers; distributors 1ute rading 5ommercial Lending Ethers 5ommercial Lending 1ute 3orking 5apital Ether than 1ute .ouse Building Loan +rban .ousing C.5. Loan Schemes Special Crograms for 'ducational and other raining Institutions 'ducational Loan Schemes Ether Loans 5onsumers 5redit Schemes SmallF5ottage Industry erm Loan LargeF,edium erm Loan Scale Industry 1ute !oods Loan against e"port '"ports Ether '"ports Lendin+ Rates 2L3R34 2Effective from 0-90:9-;;<4 $8.99@ $7.99@

$&.99@ $&.99@ $D.99@ $&.99@ $&.99@ $&.99@

$&.99@

$7.99@ $&.99@ :.99@ :.99@

)orei+n Corres5ondent Banks

AB International 0inance Limited AB* Armo *ank *G A'B 0inance Limited Akbank . A. S American '"press Bank Limited A*H !rindlays Bank Limited Arab Bangladesh Limited Banca #i )oma Banca *a(ionale #el Lavoro SpA Banco Atlantico AS Banco 'spanol de 5redito SA Bank of *ova Scotia Bayersche Gereinsbank A! 5itibank *.A 5ommer(bank A! #en #anske Bank AS #en *orske Bank ASA #resdner Bank A! 0.van Lanschot Bankiers nv .abib American Bank .abib Bank A! Hurich .BH 0inance Limited .SB5 .ypovereins Bank 5H AS 1ordan Investment and 0inance Bank

,arine ,idland Bank ,ashre4Bank CS5 ,ercants Bank of 5alifornia *ational Bank of 5anada *epal Bangladesh Bank Limited Sonali Bank, 5alcutta Standard 5hartered Bank Sevenska .andelsbanken Swedbank Swiss Bank 5orporation hai 0armers Bank Cublic 5ompany Limited he Bank of okioI ,itsubishi Limited +. S. Bank +BS A! +nibank AS +nibank AS +nicredito Italian SpA +nion #e Ban4ues Arabes 't 0rancaises +nited Bank of India 3estdeutsche Landes Bank !iro(entrale