Main Report

FOREIGN EXCHANGE MANAGEMENT OF JANATA BANK
LIMITED
Chapter One
INTRODUCTI
ON
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1.1 Introduction
The primary purpose of this report is to get an idea about the
operations of “Foreign Exchange” of Janata Bank Limited.
Foreign exchange plays an important role in the balance of
trade in our economy. In this regard Foreign Exchange of
Bangladesh, Banks plays an vital role. The word “Bank” refers
to the financial institution, which deals with money transaction.
This report is an attempt to reflect the position of Foreign

Exchange of Janata Bank Limited side by side Bangladesh.
1.2 Origin of the Report

MBA program is designed with an excellent combination of
theoretical and practical aspects. As the classroom discussion
alone cannot make a student perfect in handling the real
business situation, so it is an opportunity for the students to
know about real life situation through this internship program.
This internship program provides the students to link up their
theoretical knowledge with practical fields. In this connection, I
was assigned to Janata Bank, Foreign Exchange Corporate
Branch, foreign exchange department for my practical
orientation.
I am required to prepare an internship report under the
supervision of our honorable teacher Niluthpaul Sarker on
“Foreign Exchange Management of Janata Bank Limited” to
conduct a depth analysis on this subject matter. I have tried
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my level best to present my experience of the practical
orientation in this report.
1.3 Objectives of the report

1.3.1 Broad objective
The primary purpose of this report is to get an idea about the
management of and Foreign Exchange of Bangladesh as well
as Janata Bank, and make an industry analysis on the banking
sector of Bangladesh.
1.3.2 Specific Objectives

• To analyze the comparative Foreign Exchange performance
of Bangladesh.
• To find out existing problems of Foreign Exchange of

Bangladesh.
1.4 Scope of the report

The study would focus on the following areas of Janata Bank
Limited.
 Foreign Exchange management system of Janata Bank

Limited.
 Procedure of export, import and remittance

management.
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 Opening of LC and maintain other formalities of foreign
exchange.
 Organization structures and responsibilities of

management.
Each of the above areas would be critically analyzed in order to

determine the efficiency of Janata Bank’s Foreign Exchange
Management system.
1.5 Rationale of the study

Bangladesh is one of the developing country in the world. The
economy of the country has a lot left to be desired and there
are lots of scopes for massive improvement. In an economy
like this, Foreign Exchange can play a vital role to improve the
overall economic condition of the country. The banks by
playing the role of an intermediary can mobilize the excess
fund of surplus sectors to provide necessary finance, to those
sectors, which are needed to promote for the sound
development of the economy.
This report is an effort to reflect a clear idea about the

strategies, activities, and performance of Bangladesh
regarding Foreign Exchange Business.
1.6 Limitations
To prepare this report, I have faced some limitations, which are
mentioned below.
• Limitation of time: It was one of the main constraints that

hindered to cover all aspects of the study.
• Lack of Secondary Information: The secondary source of

information was not enough to complete the report.
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• Limitation of the Scope: Some confidential information
was not disclosed by various personnel of their respective
department.
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Chapter
TWO
Methodology
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2.1 Techniques of Analysis

I have used both qualitative and quantitative methods to
prepare this report. I have analyzed and presented the data by
Microsoft excel and shows percentage, graphical presentation
and different types of charts. I have tried my level best to
analyze the major or numerical findings.
2.2 Data Required

To prepare this report I have mainly focused on numerical
data. I have also used theoretical portion as report’s demand.
Because to analyze foreign exchange management of a bank
both theoretical and technical knowledge are necessary. Then
based on everything I have analyzed and made conclusion.
2.3 Sources of Data

2.3.1 Sample Information
Information is mainly collected from annual report of Janata
Bank Limited, annual meeting report, brochures and web sites.
The information incorporated in this report is also collected
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both from the primary sources and as well as from the
secondary sources.
2.3.2 Primary Source of Data
I collect data directly from the practical field of different

sectors that is Janata Bank head office. This data is called
primary source of data.
2 .3.3 Secondary Sources of Data
The secondary data is also collected from annual report,

different conceptual matters, internet and different
articles published in different sessions.
Secondary Sources are:
• Annual Reports of different years of Janata Bank

Limited.
• Annual Report of Bangladesh Bank of 2011.
• Other published documents of Janata Bank Limited.
• Respective sectors of foreign department of head

office.
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Chapter THREE
Organizational Profile &
Foreign Exchange
Department
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3.1 Organizational Profile
3.1.1 Historical Background of the

organization
Janata Bank Limited is the 2nd largest state owned commercial
bank in Bangladesh. Immediately after the emergence of
Bangladesh in 1971, the erstwhile United Bank Limited and
Union Bank Limited were named as Janata Bank. It was
established under the Bangladesh Bank order 1972. During the
privatization process it was incorporated as a public Limited
Company on 21, May 07 vide certificate of incorporation No-
C66933(4425)07. The Bank has taken the over the business of
Janata Bank at a purchase consideration of Tk. 2593.90 million
as a going concern through a vendor agreement signed
between the Ministry of Finance of the Peoples’ Republic of
Bangladesh and the Board of Directors on behalf of Janata
Bank Limited on 15th November 2007. Janata Bank Limited
operates through 851 branches including 4 overseas branches
at United Arab Emirates and a subsidiary company named
Janata Exchange Company Srl in Italy. It is linked 1202 foreign
correspondents all over the world.
3.2 Objectives of the organization

3.2.1 Mission:
To be recognized as the leading commercial bank in the
Bangladesh market providing retail and corporate banking
services and as a trusted and respected partner in the social
and economic development program of our nation.
3.2.2 Vision:
To become effective largest commercial bank in Bangladesh to
support socio-economic development of the country and to be
a leading bank in South-Asia.
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3.3 Services of the organization

Besides normal banking operation, Janata Bank Limited offers
special services to a large number of clients/agencies
throughout the country. Under the network of utility service,
customers of different govt. organizations, corporate bodies,
local bodies, educational institutions, students, etc are
continuously getting benefits from the Bank. Janata Bank
Limited's utility services are:
3.3.1 Bills Collection:

• Gas bills of Titas, Bakhrabad and Jalalabad Gas
Transmission and Distribution Companies.
• Electricity bills of Dhaka Electricity Supply Authority,

Dhaka Electricity Company, Bangladesh Power
Development Board and Rural Electrification Board.
• Telephone bills of Telegraph and Telephone Board.
• Water/Sewerage bills of Water and Sewerage Authority.
• Municipal holding tax of City Corporation/ Municipalities.
• A pilot scheme is underway to provide personalized

services to our clients.
3.3.2 Payments made on behalf of Govt.

• Non- Govt. teacher’s salaries
• Girl Students scholarship/stipend & Primary Student

Stipend.
• Army pension
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• Widows, divorcees and destitute Women Allowances
• Old-age Allowances
• Food procurement Bills
As per decision of the govt. 46 (Forty Six) branches of our bank

(40 branches in Dhaka city, 1(one) branch in N.gonj city and
5(five) branches in Chittagong city) are involved to receive the
all utility bills in a same station from January'04.
3.3.3 Services Areas
Branches
There are 851 branches of Janata Bank Limited in home and
abroad. Among them 443 branches are situated in urban areas
including four foreign branches and 408 branches are in rural
areas. And all foreign branches are situated in United Arab
Emirates.
Table: Branches of Janata Bank Limited
Division Town Rural zone Total

Dhaka 162 82 244
Chittagong 100 88 188
Rajshahi 80 131 211
Sylhet 22 36 58
Khulna 75 71 146
Overseas 4 0 4
Total 443 408 851
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Source: Annual Meeting Report
2010
Overseas Branches:
Table: Foreign Branches of Janata Bank Limited
SL.No: City No of Branch Status

01. Abu Dhabi 01 Foreign
02. Al-Ain 01 Foreign
03. Sharjah 01 Foreign
04. Dubai 01 Foreign
Total 04

2010
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3.4
Organizational structure
3.4.1 Management Aspect
Like every other business organization, the top management
makes all the major decisions of Janata Bank. The board of
directors being at the highest level of organizational structure
plays an important role in policy formulation, but it is not
directly concerned with the day-day operations of the bank.
They have delegated this duty to the management committee.
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The board mainly establishes the objectives and policies of the
bank.
One chairman, eleven directors, one CEO & MD and one

company secretary are consist of Board of Directors of Janata
Bank Limited.
Mid and lower level employees get the direction and

instruction from the Board of Directors about the duties and
tasks they have to perform. The chief executive provides the
guideline to the managers and employees, but delegates
responsibility for determining how tasks and goals are to be
accomplished.
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Chart: Management Hierarchy of JBL
Chairman
Managing Directors
General Manager
ORGANOGRAM
Deputy General
Manager
Assistant General
Manager
Senior Principal Officer
Principal Officer
Senior Officer
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Officer
Sub Accountant
Senior Clark
Junior Clark
3.5 Future plans of the organization

1. To involve in export activities in a large scale by
maintaining good communication with various parties.
2. To collect new members in FY2012 to start export related

new business.
3. At least 2 new AD branch will open in FY2012.
4. More facilities will provide to the exporters on the basis of

export priority.
5. New Credit Product will start in a large scale by name of

BMRE Loan for export project to expand factory, import
machineries, purchase transport among exiting parties.
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6. To take the competitive position charge, decrease
commission and other facilities will continue.
7. To increase export business monitoring system has made

stronger in head office and respective branches.
8. To increase export business has appointed sufficient

manpower, providing special services and related
different training program of officers has been will be
started.
Foreign Exchange Department
3.6 Introduction
One of the important businesses carried out by the commercial
bank is foreign trading. The trade among various countries falls
for close link between the parties dealing in trade. The
situation calls for expertise in the field of foreign operations.
The bank, which provides such operation, is referred to as
rending international banking operation. Mainly transactions
with overseas countries in respect of import, export and
foreign remittance dealings under the preview of foreign
exchange department. International trade demands a flow of
goods from seller to buyer and of payment from buyer to
seller. In this case the bank plays a vital role to bridge between
the buyer and seller.
Foreign exchange department of Janata Bank Limited is one of

the most important departments among all departments. This
department handles various types of activities. Among these
main three are as follows:
a) Import
b) Export and
c) Foreign remittance
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3.7 Opening Letter of Credit (L/C)

In global business environment, buyers and sellers are often
unknown to each other. So seller always seek guarantee of
payment for his exported goods. In this situation bank plays an
important role. Bank gives export guarantee that it will pay for
the goods on behalf of the buyer. This guarantee is called
“Letter of Credit” or LC. Thus the contract between importer
and exporter is given a legal shape by the banker by its Letter
of Credit.
3.7.1 Procedure of opening the Letter of

Credit (L/C)
The importer after receiving the proforma invoices from the
exporter, by applying for the issue of documentary credit, the
importer requests his/her bank to make a promise of payment
to the supplier. Obviously, the bank will only agree to this
request if it can rely on reimbursement by the applicant. As a
rule accepted as the sole security for the credit particularly if
they are not the shorts of commodity that can be traded on an
organized market, such an agreement would involve the bank
in excessive risk outside its specialized field. The applicant
must therefore have adequate fund in the bank account or a
credit line sufficient to cover the required amount.
Banks deals with documents and not goods. Once the bank has
issued the credit its obligation to pay is conditional on the
presentation of the stipulated documents within the prescribed
time limit. The applicant cannot prevent a bank from honoring
the documents on the grounds that the beneficiary has not
delivered goods.
 The importer submit the following documents with

the application for opening the L/C
• Tax Identification Number (TIN)
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• Valid trade license

• Import registration certificate (IRC)
 The bank will supply the following documents
before opening the L/C
• LCA form
• IMP form
• Necessary charger documents for documentation
The above documents/papers must be completed duly signed
and filled by the parties according to the instruction of the
concern banker.
After scrutinizing above-mentioned documents carefully, bank
delivers the following forms to be filled up by importer and
banker then check it carefully:
 Whether the goods to be imported is permissible or not.

 Whether the goods to be imported is demanding or not.
3.7.2 L/C Application Form (L/CAF)

L/C Application Form is a sort of an agreement between
customer and bank on the basis of which letter of credit is
opened. Bank provides a printed form for opening of L/C to the
importer. A special adhesive stamp of value Tk.200 is affixed
on the form in accordance with Stamp Act currently in force.
While opening, the stamps are cancelled. Usually the importer
expresses his decision to open the L/C quoting the amount of
margin in percentage. Usually the importer gives the following
information –
 Full name and address of the importer
 Full name and address of the beneficiary
 Draft amount
 Availability of the credit by sight payment/ acceptance/
negotiation/ deferred payment
 Time bar within which the documents should be
presented
 Sales type (CIF/FOB/C&F)
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 Brief specification of commodities, price, quantity, indent

no. etc.
 Country of origin
 Bangladesh Bank registration no.
 Import License/LCAF no.
 IRC no.
 Account no.
 Documents no.
 Insurance Cover Note/Policy no., date, amount
 Name and address of Insurance Company
 Whether the partial shipment is allowed or not
 Whether the transshipment is allowed or not
 Last date of shipment
 Last date of negotiation
 Other terms and conditions (if any)
 Whether the confirmation of the credit is requested by
the beneficiary or not.
 The L/C application must be completed/filled in properly
and signed by the authorized person of the importer
before it is submitted to the issuing bank.
3.7.3 L/C Authorization Form (L/CAF)

The Letter of Credit Authorization Form (LCAF) is the form
prescribed for the authorization of opening letter of
credit/payment against import and used in lieu of import
license. The authorized dealers are empowered to issue LCA
Forms to the importers as per basis of licensing of the Import
Policy Order in force to allow import into Bangladesh. If foreign
exchange is intended to be bought from the Bangladesh Bank
against an LCAF, it has to be registered with Bangladesh
Bank’s Registration Unit located in the concerned area office of
the CCI&E. The LCA Forms available with authorized dealers
are issued in set of five (05) copies each. First Copy is
exchange control copy, which is used for opening of LC and
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effecting remittance. Second Copy is the custom purpose copy,
which is used for clearance of imported goods from custom
authority. Triplicate and Quadruplicate Copy of LCAF are to be
sent to concerned area of CCI&E office by authorized
dealer/Registration Unit of Bangladesh Bank. Quintuplicate
Copy is kept as office copy by authorized dealer/Registration
Unit. The Letter of Credit Authorization Form (LCAF) contains
the followings –
 Name and address of the importer
 IRC no. and year of renewal
 Amount of L/C applied for (both in figure and in word)
 Description of item(s) to be imported
 HS Code No.
 Signature of the importer with seal
 List of goods to be imported
• Forwarding Documentary Credit by Advising or
Confirming Bank:
There are usually two banks involved in a documentary credit
operation. The issuing bank and the 2nd bank, the advising
bank, is usually a bank in the seller’s country. The issuing bank
asks another bank to advise or confirm the credit.
If the 2nd bank is simply “advising the credit”, it will mention
that when it forwards the credit to seller, such a bank is under
no commitment or obligation to pay the seller.
If the advising bank is also “confirming the credit”, this
mention that the confirming bank, regardless of any other
consideration, must pay accept or negotiate without recourse
to seller. Then the bank is called confirming bank also.
• Submission of Necessary Documents by Exporter to

the Negotiating Bank:
As soon as the seller/exporter receives the credit and is
satisfied that he can meet its terms and conditions, he is in a
position to load the goods and dispatch them. The seller then
sends the documents evidencing the shipment to the bank.
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Exporter will submit those documents in accordance with the
terms and conditions as mentioned in L/C. Generally the
documents observed by the foreign exchange department are:
 Bill of exchange
 Commercial invoice
 Bill of lading / Air way bill / Truck receipt
 Certificate of origin
 Packing list
 Clean Report of Finding (CRF)
 Insurance cover note
 Pre-shipment certificate
• The Documents Sent To The Issuing Bank Through
The Negotiating Bank:
The negotiating bank carefully checks the documents provided
by the exporter against the credit, and if the documents meet
all the requirement of the credit, the bank will pay, accept, or
negotiate in accordance with the terms and conditions of the
credit. Then the bank sends the documents to the L/C opening
bank.
• Making the Payment of Foreign Bill through the

Reimbursing Bank:
The L/C issuing bank getting the documents checks
immediately and if they are in order and meet the credit
requirements; it will arrange to make payment against L/C
through reimbursement bank and will send the importer the
document arrival notice.
3.8 Securities of L/C

Janata Bank Limited respective officials scrutinize the
application in the following manner-
a) The terms and conditions of the L/C must be complied with

UCPDC 500
and Exchange Control & Import Trade Regulation Act.1947.
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b) Eligibility of the goods to be imported.
c) The L/C must not be opened in favor of the importer.
d) Radioactivity report in case of food item.
e) Survey report or certificate in case of old machinery
f) Carrying vessel is not of Israel.
g) Certificate declaring that the item is operation not more

than 5 years in case of car.
3.9 Export
Janata Bank Limited exports a large quantity of goods and
services to many countries. Readymade textile garments (both
knitted and woven), Jute, Jute-made products, frozen shrimps,
tea, hide and skin, vegetables are the main goods that
Bangladeshi exporters exports to foreign countries. Garments
sector is the largest sector that exports the lion share of the
country's export. Bangladesh exports most of its readymade
garments products to U.S.A and European Community (EC)
countries. Bangladesh exports about 40% of its readymade
garments products to U.S.A. Most of the exporters who export
through Janata Bank Limited foreign exchange Branch are
readymade garment exporters. They open export L/Cs here to
export their goods, which they open against the import L/Cs
opened by their foreign importers
3.9.1 Formalities of Export Procedure

There are a number of formalities, which an exporter has to
fulfill before and after shipment of goods. These formalities or
procedures are enumerated in brief as follows:
• Obtaining Export Registration Certificate ERC:

No exporter is allowed to export any commodity for
export from Bangladesh unless he is registered with Chief
Controller of Imports and Exports (CCI & E) and holds
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valid Export Registration Certificate (ERC). After applying
to the CCI&E in the prescribed from along with the
necessary papers, concerned offices of the Chief
Controller of Imports and Exports issues ERC. Once
registered, exporters are to make renewal of ERC every
year.
• Securing the order: After getting ERC, the exporter

may proceed to secure the export order. He can do this
by contracting the buyers directly through
correspondence.
• Obtaining EXP: After having the registration, the

exporter applies to Janata Bank Limited with the trade
license, ERC and the Certificate from the concerned
Government Organization to get EXP. If the bank is
satisfied, an EXP is issued to the exporter.
• Signing of the contract: After communicating with

buyer the exporter has to get contracted for exporting
exportable items from Bangladesh detailing commodity,
quantity, price, shipment, insurance and mark,
inspection, arbitration etc.
• Receiving the Letter of Credit: After getting

contract for sale, exporter should ask the buyer for Letter
of Credit clearly stating terms and conditions of export
and payment.
• Procuring the materials: After making the deal and

on having the L/C opened in his favor, the next step for
the exporter is to set about the task of procuring or
manufacturing the contracted merchandise.
• Endorsement on EXP: Before the exporter with the

customs or postal authorities lodges the export forms,
they should get all the copies endorsed by Janata Bank
Limited. Before shipment, exporter submits EXP. form
with commercial invoice. Then Janata Bank’s respective
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officers check it properly, if satisfied, certifie the EXP.
Without EXP exporter cannot make shipment. The
customer must declare all export goods on the EXP
issued by the authorized dealers
3.9.2 Disposal of Export procedure

Original: Customs authority reports first copy of EXP
to Bangladesh Bank after shipment of the goods.
Duplicate: Negotiating bank reports the Duplicate to

Bangladesh Bank in or after negotiation date but not later than
14 days from the date of shipment.
Triplicate: On realization of export proceeds the same bank

to the same authority reports Triplicate.
Quadruplicate: Finally, the negotiating bank as their office

copy retains Quadruplicate.
• Shipment of goods: Exporter makes shipment

according to the terms and condition of L/C.
• Presentation of export documents for negotiation:

After shipment, exporter submits the following
documents to Janata bank Limited for negotiation.
 Bill of Exchange or Draft

 Bill of Lading
 Invoice
 Insurance Policy/Certificate
 Certificate of origin
 Inspection Certificate
 Consular Invoice
 Packing List
 Quality Control Certificate
 G.S.P. certificate
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 Photo
• Examination of Document: Banks deal with
documents only, not with commodity. As the
negotiating bank is giving the value before repatriation of
the export proceeds it is advisable to scrutinize and
examine each and every document with great care
whether any discrepancy(s) is observed in the
documents. The bankers are to ascertain that the
documents are strictly as per the terms of L/C Before
negotiation of the export bill. Bank officers assigned for
examining the export documents may use a checklist for
their convenience.
• Negotiation of export documents: Negotiation stands

for payment of value to the exporter against the
documents stipulated in the L\C. If documents are in
order, Janata Bank Limited purchases (negotiates) the
same on the basis of banker- customer relationship. This
is known as Foreign Documentary Bill Purchase (FDBP).If
the bank is not satisfied with the documents submitted to
Janata Bank Limited and gives the exporter reasonable
time to remove the discrepancies or sends the
documents to L/C opening bank for collection. This is
known as Foreign Documentary Bill for Collection (FDBC).
• Settlement of Local Bills:
The settlement of local bills is done in the following ways, -
• The customer submits the L/C to Janata Bank Limited

along with the documents to negotiate
• Janata Bank Limited officials scrutinize the documents to

ensure the conformity with the terms and conditions.
• The documents are then forwarded to the L/C opening

bank.
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• The L/C issuing banks gives the acceptance and forwards

an acceptance letter.
• Payment is given to the customer on either by collection

basis or by purchasing the document.
3.10 Import
Import means purchase of goods or services from abroad.
Normally consumers, firms and Government organizations
import foreign goods or services to meet their various
necessities. Main import items are food item, edible oil,
fertilizer, petroleum, machineries, chemicals, raw materials of
industry, cement clinkers etc. So, in brief, we can say that
import is the flow of goods and services purchased by local
agent staying in the country from foreign agent staying
abroad.
3.10.1 Import procedure

Authorized Dealer, banks are always committed to facilitate
import of different goods into Bangladesh from the foreign
countries. Import Section, which is under Foreign Exchange
Department of a bank, is assigned to perform this job. And to
serve its parties demand to import goods, it always maintains
required formalities that are collectively termed as “Import
Procedure”.
i) At first, the importer must obtain Import Registration
Certificate (IRC) from the CCI&E submitting the following
papers:
• Up to date Trade License.
• Nationality and Asset Certificate.
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• Income Tax Certificate.
• In case of company, Memorandum & Articles of

Association and Certificate of Incorporation.
• Bank Solvency Certificate etc.
• Required amount of registration fee

ii) Then the importer has to contact with the seller outside
the country to obtain the Proforma Invoice. Usually an
indenter, local agent of the seller or foreign agent of the
buyer makes this communication. Beside these other
sources are:
• Trade fair.
• Chamber of Commerce.
• Foreign Missions in Bangladesh.
• Journals etc.
iii) When the importer accepts the Proforma Invoice, he/she
makes a purchase contract with the exporter detailing
the terms and conditions of the import.
iv) After making the purchase contract, importer settles the
means of payment with the seller. An import procedure
differs with different means of payment. The possible
means are Cash in Advance, Open Account, Collection
Method and Documentary Letter of Credit. In most cases,
the Documentary Letter of Credit in our country makes
import payment. Purchase Contract contains which
payment procedure has to be applied.
3.10.2 Payment Modes
• Cash in advance: Importer pays full, partial or progressive

payment by a foreign DD, MT or TT. After receiving
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payment, exporter will send the goods and the transport
receipt to the importer. Importer will take delivery of the
goods from the transport company.
• Open Account: Exporter ships the goods and sends
transport receipt to the importer. Importer will take delivery
of the goods and makes payment by foreign DD, MT, or TT
at some specified date.
• Collection Method: Collection methods are either clean
collection or documentary collection. Again, Documentary
Collection may be Document against Payment (D/P) or
Document against Acceptance (D/A). The collection
procedure is that the exporter ships the goods and draws a
draft/ bill on the buyer. The exporter submits the draft/bill
(only or with documents) to the remitting bank for collection
and the bank acknowledges this. Then the remitting bank
sends the draft/bill (with or without documents) and a
collection instruction letter to the collecting bank. Acting as
an agent of the remitting bank, the collecting bank notifies
the importer upon receipt of the draft. The title of goods is
released to the importer upon full payment or acceptance of
the draft/bill.
• Letter of credit: Letter of credit is the well-accepted
and most commonly used means of payment. It is an
undertaking for payment by the issuing bank to the
beneficiary, upon submission of some stipulated documents
and fulfilling the terms and conditions mentioned in the
letter of credit.
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Chapter FOUR
Analysis and
Findings
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4.1 Export Finance

Export through Janata Bank Ltd. for the year 2010 and 2011 is
Tk.85418.00 million and Tk. 87500.00 million respectively. In
spite of Global Financial Crisis the growth chart in export
through Janata Bank Ltd. remains upwards due to our timely
steps regarding credit facilities and services packages. We
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have already re-fixed our schedule of exchange at a reduced
rate the loan pricing is more competitive. With the credit lines
our experts have introduce the following new products:
 Cash Credit: Working capital facility to dyeing unit and
packaging unit.
 Mid term Loan: For procurement of machinery, space
parts, boiler, generator, vehicles etc. to export oriented
industrial unit.
 Packing Credit: Working capital facility to pay wages
salary utility bills etc.
 LTR, FC: Short term credit for procurement of capital
machinery from abroad.
 Term Loan: For (Export oriented) Ship Building.
 Export Project BMRE: Loan for factory building
construction. Expansion, development and Maintenance,
construction of factory godown, purchase of machineries
from local and foreign markets, covered van, generator
and establish ETP.
4.1.1 Details Commodity Wise Export
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Here given details commodity wise export figures of Janata
Bank Limited from 2008 to 2011. It has shown here commodity
wise and monthly wise export figures in details.
Table: Details Export of Janata Bank Limited of 2008
Raw Jute Hide & F.FiS Vegetab Other

Month Tea RMG
Jute Goods Skin H les s
244.7
January 3.04 38.56 1.33 58.76 47.91 13.7 85.31
5
260.9
February 2.68 35.07 0.56 37.7 41.94 12.54 61.67
3
295.2
March 10.16 23.2 0.9 67.21 34.05 7.17 67.67
3
337.3 121.6
April 4.95 33.55 0 64.01 46.25 8.54
7 9
269.9
May 1.8 89.94 0 75.84 75.46 19.37 79
7
302.1 151.6
June 6.4 29.18 0 82.22 65.55 10.48
7 8
329.8
July 2.71 37.11 0 76.66 77.37 13.58 83.59
8
322.1 165.8
August 2.72 33.18 0 54.31 65.13 17.77
5 6
265.4 166.9
Septmber 3.52 32.13 0 49.65 77.13 9.76
7 2
260.0 111.2
October 15.94 30.52 0 53.45 22.32 6.81
8 8
Novembe 113.7
10.13 53.69 0 54.41 302.6 46.59 7.12
r 7
359.2 145.8
December 4.79 108.27 0 84.44 74.77 9.51
2 9
3549. 674.4 1354.
Total 68.84 544.4 2.79 758.66 136.35
82 7 33
Grand 7089.
Total 66
Source: Photo Copy from Head

Office
In 2008 total export of Janata Bank was Tk. 7089.66 crore.

Ready Made Garments was Tk. 3549.82 crore and it was the
highest position. Hide & skin and frozen fish took the second
and third position consequently. It is also clearly observed that
1
LIMITED
in the month of August and September export amount was
highest through the year.

Raw Jute Hide & F.FiS Vegeta Other
Month Tea RMG
Jute Goods Skin H bles s
280.1 129.7
January 3.11 32.66 0 34.63 53.71 9.48
6 6
285.0 106.8
February 2.06 43.5 0 60.85 21.21 9.32
8 3
270.1 124.4
March 6.75 44.96 0 86.3 29.4 6.95
5 7
243.8 122.0
April 9.69 46.76 0 74.4 59.85 8.44
5 7
291.7 195.8
May 5.92 35.41 0 75.02 69.91 11.06
8 5
293.7 113.3
June 5.32 30.76 0 73.79 83.87 14.06
2 5
338.7 101.0
July 6.11 40.35 0.33 63.69 72.26 14.69
1 7
338.5
August 6.92 38.62 0 55.82 91.98 12.02 100.1
6
Septembe 270.6
9.06 44.41 0 59.97 79.64 14.01 95.2
r 5
247.7
October 5.1 42.44 0.18 61.68 63.33 8.79 65.4
3
269.2
November 7.69 41.55 0.68 56.04 88.15 9.14 92.92
7
411.2 173.1
December 8.18 54.13 0.75 78.51 29.97 9.09
7 7
75.9 3540. 743.2 1420.
Total 495.55 1.94 780.7 127.05
1 93 8 19
Grand 7185.
Total 55

Office

1
LIMITED
highest position. Hide & skin and frozen fish took the second
and third position consequently. First half of the year 2009
export amount was comparatively better position than the
second half of the year. It is also clearly observed that total
export amount of 2009 is little bit higher than 2008.

Raw Jute Hide & F.FiS Vegetab Other
Month Tea RMG
Jute Goods Skin H les s
January 8.18 35.74 0.56 39.81 323.65 65.04 11.36 80.13
February 1.55 57.35 0.83 52.56 332.52 45.16 11.34 90.25
March 4.88 90.44 0.47 74.6 348.78 53.54 10.22 99.13
April 4.76 74.57 0.46 89.53 278.37 66.17 10.4 157.21
May 3.66 48.59 0.3 69.31 284.77 44.88 13.17 200.85
June 7.27 55.09 0 65.47 384.56 102.27 15.62 152.75
July 9.73 45.29 0.34 58.16 376.99 111.91 18.97 127.65
August 4.79 46.03 0.37 65.4 358.42 65.73 16.15 200.13
Septembe
7.11 43.51 0 94.6 344.92 102.1 28.56 200.3
r
October 5.73 45.41 0 106.46 331.72 51.07 11.02 89.39
Novembe
4.7 55.21 0 72.86 368.23 71.88 8.77 159.13
r
December 12.32 47.31 1.87 48.77 456.99 42.48 7.32 247.84
4189.9 1804.7
Total 74.68 644.54 5.2 837.53 822.23 162.9
2 6
Grand 8541.7
Total 6

Office
1
LIMITED
highest position. Hide & skin Tk. 837.53 crore and frozen fish
Tk. 822.23 crore took the second and third position
consequently. Throughout the whole year 2010 export amount
was comparatively better than the last two years. It is also
metion here that total export amount was significantly higher
than 2008and 2009.
In FY 2011 target export was Tk. 66480.00 million, but earned

Tk. 88653.10 million against the target amount. This was 133%
higher than the target. It may mentioned here that up to
October 2011 earned was Tk. 7231.80 million, that means
target of export had attained before two months end of the
year.
Raw Jute Hide & F.FiS Vegeta Other

Month Tea RMG
Jute Goods Skin H bles s
330.3
January 1.98 37.32 0.39 64.21 63.6 12.08 202
4
385.7 146.6
February 3.5 38.15 0 65.37 40.83 9.82
8 8
447.5 114.0
March 3.03 38.56 1.05 74.3 35.75 9.74
9 8
426.2 135.5
April 4.78 44.91 0 37.67 52.16 10.33
3 4
325.7 178.6
May 4.32 39.01 0 103.5 80.79 14.15
2 6
1
LIMITED
June 10.03 26.69 0.12 89.93 432.8 92.21 14.52 99.29
396.2
July 2.96 41.8 0.07 118.53 77.5 16.67 146.8
9
397.0
August 6.65 44.05 0 99.85 97.43 17.96 77.58
5
Septemb 332.9 101.4
20.06 42.48 0.39 91.42 70.44 13.61
er 6 3
158.3
October 27.52 52.78 0 79.55 265.8 69.34 13.37
3
Novemb 353.3 153.2
11.55 72.35 0.07 127.69 76.36 12.88
er 1 6
Decemb 353.9 283.2
5.4 43.31 0 69.2 61.12 11.47
er 5 1
101.7 4447. 817.5 1796.
Total 521.41 2.09 1021.22 156.6
8 82 3 86
Grand 8865.
Total 31

Office
Fig: Export of JBL from 2008 to

2011
2008 2009 2010

2011
1
LIMITED
In spite of world economic crisis and political instability in the
country Janata Bank Limited has kept its upward export trend
up to last year. Because Its expertise and experienced
management team offered different promotional offer and
financially assisted to the exporters to boost up the export
trend. They main offered and assisted-
 Concessional rate of interest.
 Export incentive programs.
 Export Processing Zone facility.
 Scope of establishment of export oriented industry by

100% foreign investment and by joint venture.
 Full fledged infrastructural and logistic support for export

i.e. project finance, working capital, pre-shipment & post-
shipment export finance, guarantee, bonding facility, etc.
 Consulting facility by an expert group of officials.
4.1.2 Export Target & World Economic Crisis
From 2008 to 2011 export of Janata Bank is in increasing

pattern. Even during world economic crisis period Janata
Bank’s management shows their best performance. That is
why export position remains in upward condition.
In spite world economic crisis export growth has increased
4%. Which is highest among four government owned banks.
Table: Export growth of Janata Bank Limited
1
LIMITED
Tk.(Million)
Year Target Achievemen Percentage of
t Target
2009 77983.8 71855.5 92.18%
2010 86226.6 85417.8 99.06%
2011 66480 88653.1 133.00%

2011
Figure: Export growth of Janata Bank

Limited
1
LIMITED
2009 2010
2011
1
LIMITED
4.1.3 National and Janata Bank Limited's

Export Performance
Table: Contribution to National Export of Janata Bank

Limited
(Million US$)
Contribution to
National Export National Export of
Janata Bank Limited
Financial Achievem Achieveme Percenta
Target
Year ent nt ge
2004-
7227.70 7603.00 632.90 8.21%
2005
2005-
8565.78 8655.00 692.80 8.00%
2006
2006-
10159.20 10526.16 958.02 9.10%
2007
2007-
12500.00 12187.5 1057.68 8.68%
2008
2008-
14500 14411.1 1034.56 7.12%
2009
2009-
16298.43 15565.1 1300 8.35%
2010
Source: Web sites Annual Meeting

Report 2011
1
LIMITED
Figure: Contribution to National Export of JB
2005-2006 2006-2007 2007-2008 2008-2009 2009-

2010 2010-2011
1
LIMITED
For global economic recession and political instability inside
the country contribution to national export of Janata Bank
limited was lowest in the fiscal year 2007-2008 among last six
fiscal years. And in fiscal year 2008-2009 it turned up warding.
Because to increase export business providing the exporter

more foreign currency, to strengthen their production capacity,
to facilitate the in every maximum scope, the bank has took
four incentives. These have been proved to be fruitful adding
Tk.2.00cr (approx.) more to the bank’s annual income through
only export business.
These new four incentives are as follows in brief:
 In addition with the existing working capital it provides

exporters emergence need to execute their foreign order.
 For importing bulk quantity of dies, chemical it is a great

support for the exporter.
 Loan for importing generator, small machines, vehicles

for emergency need.
 For importing capital machinery.
4.1.4 Comparison of Export of 2009 with

Public Banks
Table: Comparison of Export of 2011 with

Public Banks Limited
Tk. (Mill.)
Janata Bank 88653.1
Sonali Bank 64243.3
Agrani Bank 44606.8
Rupali Bank 7458.1
1
LIMITED
Source: Photo Copy from Head Office
Figure: Comparison of Export of 2011 with

Public Banks Limited
Total export Janata Bank Limited in 2011 was Tk.88653.1

million. Sonali Bank’s export was Tk.64243.3 million. Agrani
Bank’s and Rupali Bank’s export was Tk.44606.8 million and
Tk.7458.1 million respectively. From above table and graph we
can say that Janata Bank Limited is the top position among
four government owned banks with a large difference. Its
nearest competitor is Sonali Bank Limited.
4.2 Import Finance

Traditionally Janata Bank Ltd. is pioneer in handling major
portion of country’s import business. The total volume of
import as on 30-11-2011 is 107168 million. Major import items
are industrial raw materials, chemicals, capital machineries,
scraped vessels and petroleum etc.
4.2.1 Commodity wise Import of Janata Bank

Limited
1
LIMITED
Table: Commodity wise Import of JB from 2008 to 2011
Tk. (Crore)
Items/Year 2011 2010 2009 2008
Commodities
Food Item 904 1075.91 396.25 12.14
Edible Oil 339.42 155.97 18.9 14.66
Fertilizer 2300.96 2779.16 1140.44 599.37
Petroleum 3483.1 4448.87 3659.86 8774.58
Machineries 1190.41 1108.28 853.11 1089.54
Chemicals 559.45 988.37 608.84 490.82
Raw Materials of
2600.52 1306.44 1289.95 1408.16
Industry
Ship Breaking 23.31 177.95 101.4 144.25
Cement Clinkers 257 279.55 230.9 209.79
Others 194.33 620.8 106.89 137.59
Total 11852.5 12941.3 8406.54 12880.9
Through quite a good number of Authorized Dealer Branches

and 1198 nos. foreign correspondents world wide Janata Bank
Limited has been extending full range import and relevant
finance facilities. Setting Industrial vision to facilitate optimally,
bank's involvement has been showing sharp rising trend.
1
LIMITED
Table: Import Trend of JB from 2008 to 2011
Year Taka in Million
2008 48005
2009 54666
2010 58889
2005 60477
2006 74920
2007 72912
2008 128809
2009 84065
2010 129413
2011 118525
Source: Web Sites of Janata Bank Limited
Fig: Import trend of JBL from 2000 to 2009
1
LIMITED
2002 2003 2004 2005 2006 2007 2008 2009

2010 2011
From 2002 to 2008 import of Janata Bank Limited is gradually

increasing. But in 2009 the country was under caretaker
government. Export, import, foreign remittance, employment
in abroad etc. were moving forward in slow rate. For this
reason import in 2009 sharply down compare with 2008. Again
in 2008 import of Janata Bank Limited reached higher than
2009. And in 2009 import is dropped little bit.
4.2.2 Import target and achieve in last 3 years
1
LIMITED
Percentage of
Year Target Achieved
Achieved
2009 8000 840.54 105%
2010 9247.19 12941.3 140%
2011 10172 11852.5 116%
4.2.3 Contribution of Janata Bank in National

Import
National
Import of Janata
Year Import Tk. Growth Growth
Bank Tk.(crore)
(crore)
2008 111307 0 12880.9 0
-
2009 127221 14.30% 8406.5
35.20%
20010 163505 27.78% 12941.3 54.17%
2011 18440 -9.23% 11852.5 -8.41%
4.2.4 Income from Import

Particulars 2007 2008
L/C Commissions and Other charges 77.87 86.53
Interest (PAD,LIM,LTR and Others) 387.63 278
Total 465.5 364.53
4.2.5 Contribution to National Import of JB in

last decade
1
LIMITED
Table: Contribution to National Import of Janata Bank

Limited
National Tk. Janata bank Percenta

Fiscal Year
(Crore) Tk. (Crore) ge
1997-1998 28303.78 4009.87 14.16726
1998-1998 30539.62 3799.45 12.44105
1997-1998 34183.13 3731.94 10.91749
1998-1999 38480.32 4646.58 12.07521
1999-2000 42130.6 4754.46 11.28505
2000-2001 50371 5233.07 10.38905
2001-2002 49049.1 5345.2 10.89765
2002-2003 55917.63 6117.06 10.93941
2003-2004 64256.56 6952.62 10.82009
2004-2005 80894.78 8397.96 10.38134
2005-2006 99130.07 9230.42 9.311423
2006-2007 118389.8 10757.9 9.086847
2007-2008 166974.3 9466.11 5.669201
1
LIMITED
Figure: Contribution to National Import of JB
2002 2003 2004 2005 2006 2007 2008 2009 2010

2011
Increase of import indicates the country is less wealthy and

decrease of import indicates that the country has sufficient
resources and is able to fulfill its local demand. So as a publicly
owned bank Janata bank Limited is less service providing
attitude to the importers. It provides little facilities to its
importers. As a result import contribution percentage to
national is decreasing gradually from fiscal year 2002-2003 to
fiscal year 2010-2011.
1
LIMITED
4.3 Foreign Remittance

Inward foreign remittance through Janata Bank Ltd. up to
November 2011 is Tk. 51508.55 million. Foreign remittance
from NBRs reached record high of Tk. 45924 million in 2010
against Tk.36788 million in 2009 and continue to play an
important supporting role in strengthening the economy of the
county Janata Bank ltd. by reducing lead-time, has ensured
quick delivery of foreign remittance, an NBR branch has been
opened to serve exclusively Non-resident Bangladeshis
through Speedy Money Remittance System with instant to the
beneficiaries. Anybody willing to remit foreign currency from
any corner of the world can use wide network of the bank. The
remittance reaches to the beneficiary within 3 days without
charging any commission. Our worldwide network includes 4
branches in UAE, 2 exchange houses in Italy and
correspondent relationship with all the major Banks and all
important trade centers of the world.
Recently Janata Bank Ltd. has launched its Speedy Foreign

Remittance Payment System which enables beneficiaries to
receive their money within shortest possible time. The
beneficiary also gets information of remittance through
automated SMS. It’s a secured, easy, cost effective and speedy
way of remittance for the remitter.
Janata bank Ltd. has signed an agreement with Western

Union Network to facilitate wide range of remittance of the
globe. Both the organizations make it possible to receive the
money from about 300,000 locations of 200 countries instantly
with prevailing mutual mechanism and workforce. The
achievement of Janata Bank Ltd. in attracting foreign
remittance as compared to country’s performance is given
bellow:
1
LIMITED
4.3.1 Country wise remittance of Janata Bank

Limited
To facilitate sending money in Bangladeshi Taka directly,
Janata Bank Limited has Taka Drawing Arrangement with many
banks/exchange companies in different countries. The
expatriate Bangladeshis may send their money in BDT
(Bangladeshi Taka) through the branches/subsidiaries of Janata
Bank Limited and foreign banks/exchange companies.
Remittance services are available at all branches and foreign
remittances may be sent to any branch by the remitters
favoring their beneficiaries. Remittances are credited to the
account of beneficiaries instantly or within shortest possible
time.
Table: Country wise Foreign Remittance of JBL from 2006 to

2011
Tk.
(Mill)
Country/Exchange Co./
2006 2007 2008 2009 2010 2011
Year
Janata Echange Co., 1182. 2077. 3102.
3513 2289.8 1446.8
Italy 5 1 1
Janata Bank, UAE 5666. 9188. 12548. 16207.
5196 5638
Branches 7 3 8 7
2143. 2279. 2901.
Other Exchange Co. 4714 6878.2 8738.1
5 5 7
3468. 4089. 5652. 7615.
Kuwait 7780.1 6764.3
6 3 6 9
4057. 3762. 3598. 3025.
Saudi Arabia 4536 7718.2
9 7 3 2
1129. 1095. 1106.
Oman 1171 1341.6 1038.7
8 6 2
Bahrain 785.2 817.4 853.2 834.5 916.7 716.1
Greece 0 0 537.9 697.9 591.5 524.5
UK 0 0 0 0 2213.3 6174.9
Qatar 196.1 190.8 149.2 173.6 200.6 118.9
1
LIMITED
United States 26.9 29.2 132.8 153.6 222.3 285.7

1139.
Malaysia 623.9 264.2 208.7 113.2 23.9
3
Singapore 0.2 0.4 5.3 0.7 20.2 98.1
Korea 0 23.2 2.5 0 0 0
Canada 166.7 0 6.6 7.2 0 0
Australia 14.4 0 0 0 0 0
Other sources 4556. 5945. 5484.
5288 6272.1 6334.2
(SWIFT/Telex) 4 7 4
24063 26572 29267 45924 56190.
Grand Total 36788
.5 .8 .3 .4 1
Figure: Country wise Foreign Remittance of JBL from

2006 to 2007
2006 2007 2008 2009

2010 2011
Inward remittance from Bangladeshi nationals working abroad

continued to play an important role in strengthening the
current account. Receipts on this sector increased gradually in
every year from 2006 to 2009. The underlying reason was that
Bangladesh Bank has simplified the approval policy of drawing
arrangements between foreign exchange houses and domestic
bank. Janata Bank’s management has taken this opportunity.
1
LIMITED
For quick payment of TTs issued by 4(Four) UAE branches of
Janata Bank Limited ( Abu Dhabi, Al-Ain, Dubai & Sharjah
branch) Foreign Exchange Corporate Branch, Dhaka( FECB,
Dhaka), Laldighi East Corporate Branch, Chittagong(LDE, Ctg),
Foreign Exchange Corporate Branch, Sylhet( FECB, Sylhet),
Khulna Corporate Branch, Khulna, Barisal Corporate Branch,
Barisal & Rajshahi Corporate Branch, Rajshahi are nominated.
To facilities to its remitters Janata bank Limited has started-
1. FECB, Dhaka will cover whole Dhaka Division,
2. LDE, Ctg will cover whole Chittagong Division, except

branches under greater Comilla and Noakhali Area.
3. FECB, Sylhet will cover whole Sylhet Division,

4. Khulna Corporate will cover whole Khulna Division,
5. Barisal Corporate will cover whole Barisal Division,
6. Rajshahi Corporate will cover whole Rajshahi Division,
7. Comilla Corp. will cover all branches under greater Comilla

district.
8. Noakhali Corp. will cover all branches under greater

Noakhali district.
Commission for issuance of Taka Drafts from our UAE branches

has been reduced and refixed from AED 10.00 to AED 4.00 and
commission for issuance of TTs drawn on Bangladesh and
payable at any bank branches are re-fixed at AED 12.00 from
AED 30.00.
Commission for issuances of Taka drafts at UAE branches has

been reduced irrespective of amount. 1% interest above the
normal savings deposit rate is offered to SB accounts receiving
foreign remittance.
4.3.2 Wage Earners' Remittances of Nation
1
LIMITED
Inward remittances from Bangladeshi nationals working abroad
continued to play an important role in strengthening the
current account of Bangladesh Bank. Receipts on this sector
increased by 22.4 percent to USD 9689.3 million in FY 09 from
USD 7914.8 million in FY 08. The underlying reason was that
Bangladesh Bank has simplified the approval policy of drawing
arrangements between foreign exchange houses and domestic
banks. As a result 40 banks have been allowed for establishing
820 drawing arrangements with 208 exchange houses all over
the world for collecting remittances. Due to these measures,
remittances have recorded a substantial increase by 22.4
percent to USD 9689.3 million during the year 2009.
Remittances as percentage of GDP increased by 089
percentage points to 10.84 in FY 09 from 9.95 in FY 2008. The
shares of major source countries in the remittance receipts of
FY 2008 and FY 2009 are given bellow.
Table: Wage earners' remittances

2008 20082008 2008
Country Percentage
Kingdom of Saudiarabia 29.40%

UAE 14.30%
UK 11.30%
Kuwait 10.90%
USA 17.50%
Other countries 16.60%
Total 100.00%
Figure: Wage earners' remittances

2011 20082008 2008
1
LIMITED
Table: Wage earners' remittances

2011 20082008 2008
Country Percentage
Kingdom of Saudiarabia 29.50%
UAE 18.10%
UK 8.20%
Kuwait 10.00%
USA 16.30%
Other countries 17.90%
Total 100.00%
Figure: Wage earners' remittances

2011 20082008 2008
1
LIMITED
This is the whole scenery of inward foreign remittance of 2010

and 2011 of Bangladesh. In the sector of foreign remittance
earning 2008 Kingdom of Saudiarabia in highest position that
is 29.40%, USA second position- 17.50% and United Arab
Emirates is third position 14.30%. And in 2009 Kingdom of
Saudiarabia again top position, in second position United Arab
Emirates and in third position USA. Their inward remittances
are 29.50%, 18.10% and 16.30% respectively.
4.3.3 Foreign Exchange and Foreign Trade of

JB
Table: Foreign Exchange and Foreign Trade of

JB Trade of JB 20082008 2008
Year 2008 2009 2010 2011
11852
Import 128809 84065 129413
5
Export 70897 71855 85418 88653
Remittance 29267 36788 45924 56190
1
LIMITED
Figure: Foreign Exchange and Foreign Trade

of JB Trade of JB 20082008 2008
2008 2009 2010 2011
Export and foreign remittance are in good position. They are in

increasing trend from 2006 to 2009. And due to global
economic crisis and for various trade barriers and quotas
import does not grow much higher compare with export and
foreign remittance. In 2007 export and import are
comparatively low with other years due to political instability
inside the country. But inward remittance is continuously
upward trend up to 2009.
4.3.4 Problem of Foreign Exchange in

Bangladesh
As a developing country, here there is a great opportunity to
expand a business easily. Human resources cost are also
cheap. On the other hand people have strong faith to the
banking sector. But this sector is not free from problems. Some
challenges of the banking sector are:
1. Global economic crisis due to the financial meltdown in

USA and Europe.
1
LIMITED
2. Withdrawal of restriction on China for RMG export to
Europe and USA in 2009.
3. Export volume has dropped due to lack of global demand.
4. Lack of diversification, especially for export sector.
5. Very high dependency on Textile and RMG Sectors to

export.
6. In case of import prices of commodities and raw

materials in international market.
7. Slow recycling of investment of commodity in commercial

sectors.
8. Low level of project Finance in 2009.2010 &2011 due to

the national political instability.
1
LIMITED
Chapter FIVE
CONCLUSION
It is clear that the Janata Bank Limited Foreign Exchange

department has ensured both quality and services which helps
to improve the overall status of the Bank. For this reason
Janata bank Limited has able to achieve second position in
country and top position among public banks in export sector
1
LIMITED
in 2009. However the branch may have scope to improve in a
few areas. Such as-
01. The number of exporter and importer who operate through

this bank is not enough to achieve the goal. So JBL should offer
more facilities to attract their clients.
02. In addition with the present services they should include

more services. It is badly needed to provide more quality
services to their clients in order to compete in the market.
03. Foreign exchange department should be fully

computerized that the exchange process would be convenient
for both the bankers and the clients.
05. Bank should offer more facilities to the customers such as

debit card, credit card, ATM machine etc. to survive in the
competition.
06. One of the business strategies is promotion. Successful

business depends how they can promote their products or
services to the customers. In this connection to improve the
business status the JBL should introduce more promotional
programs.
Lastly it can say that there are a lot of opportunities for

increasing foreign exchange in Bangladesh if stay political
stability. The Human Resources are cheapest here which play
an important role in any business. Bangladesh government
should take proper steps to maintain congenial atmosphere for
sustainable foreign exchange business in the country.
1
LIMITED
Bibliography
1. Annual Report of Janata Bank Limited from 2008 to 20011
2. Annual Report of Bangladesh Bank .
3. Annual Meeting Report of JBL 2010.
4. Different hardcopy and soft copy provided by respective

departments of JBL.
5. Websites of JBL: www.janatabankltd.bd.
6. Different mouth references of JBL’s executives of

respective departments.

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FOREIGN EXCHANGE MANAGEMENT OF JANATA BANK

This report is an attempt to reflect the position of Foreign

1.2 Origin of the Report

I am required to prepare an internship report under the

supervision of our honorable teacher Niluthpaul Sarker on

“Foreign Exchange Management of Janata Bank Limited” to

conduct a depth analysis on this subject matter. I have tried

orientation in this report.

1.3 Objectives of the report

1.3.2 Specific Objectives

• To find out existing problems of Foreign Exchange of

1.4 Scope of the report

 Foreign Exchange management system of Janata Bank

 Procedure of export, import and remittance

 Organization structures and responsibilities of

Each of the above areas would be critically analyzed in order to

1.5 Rationale of the study

This report is an effort to reflect a clear idea about the

• Limitation of time: It was one of the main constraints that

• Lack of Secondary Information: The secondary source of

2.1 Techniques of Analysis

2.2 Data Required

2.3 Sources of Data

2.3.2 Primary Source of Data

I collect data directly from the practical field of different

2 .3.3 Secondary Sources of Data

The secondary data is also collected from annual report,

Secondary Sources are:

• Annual Reports of different years of Janata Bank

• Annual Report of Bangladesh Bank of 2011.

• Other published documents of Janata Bank Limited.

• Respective sectors of foreign department of head

3.1 Organizational Profile

3.1.1 Historical Background of the

3.2 Objectives of the organization

3.3 Services of the organization

3.3.1 Bills Collection:

• Electricity bills of Dhaka Electricity Supply Authority,

• Telephone bills of Telegraph and Telephone Board.

• Water/Sewerage bills of Water and Sewerage Authority.

• Municipal holding tax of City Corporation/ Municipalities.

• A pilot scheme is underway to provide personalized

3.3.2 Payments made on behalf of Govt.

• Girl Students scholarship/stipend & Primary Student

• Food procurement Bills

As per decision of the govt. 46 (Forty Six) branches of our bank

3.3.3 Services Areas

Table: Branches of Janata Bank Limited

Division Town Rural zone Total

Table: Foreign Branches of Janata Bank Limited

SL.No: City No of Branch Status

Source: Annual Meeting Report

One chairman, eleven directors, one CEO & MD and one

Mid and lower level employees get the direction and

Chart: Management Hierarchy of JBL

Senior Principal Officer

3.5 Future plans of the organization

2. To collect new members in FY2012 to start export related

3. At least 2 new AD branch will open in FY2012.

4. More facilities will provide to the exporters on the basis of

5. New Credit Product will start in a large scale by name of

7. To increase export business monitoring system has made

8. To increase export business has appointed sufficient