OVERVIEW OF EXIM BANK LIMITED

8/13/2019 OVERVIEW OF EXIM BANK LIMITED

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OVERVIEW OF EXIM BANK LIMITED(Source: www.eximbankbd.com)

HISTORY

EXIM Bank Limited was established in 1 under the leadershi! o" Late Mr. Shah#ahan

$abir% "ounder chairman who had a lon& dream o" "loatin& a commercial bank which

would contribute to the socio'economic deelo!ment o" our countr. *e had a lon&

ex!erience as a &ood banker. + &rou! o" hi&hl ,uali"ied and success"ul entre!reneurs

#oined their hands with the "ounder chairman to materiali-e his dream. In deed% all o"

them !roed themseles in their res!ectie business as most success"ul star with their

endeaor% intelli&ence% hard workin& and talent entre!reneurshi!. +mon& them% Mr.

a-rul Islam Ma-umder became the honorable chairman a"ter the demise o" the

honorable "ounder /hairman.

0his bank starts "unctionin& "rom rd +u&ust% 1 with Mr. +lam&ir $abir% 2/+ as the

adisor and Mr. Mohammad Lakiotullah as the Mana&in& 3irector. Both o" them hae

lon& ex!erience in the "inancial sector o" our countr. B their !ra&matic decision and

mana&ement directies in the o!erational actiities% this bank has earned a secured and

distinctie !osition in the bankin& industr in terms o" !er"ormance% &rowth% and

excellent mana&ement. 0he authori-ed ca!ital and !aid u! ca!ital o" the bank are 0k.

1444.44 million 5 0k. 1.67 million res!ectiel. 0he bank has mi&rated all o" its

conentional bankin& o!eration into Shariah based Islami bankin& since 8ul 944.

CORPORATE CULTURE

0his bank is one o" the most disci!lined Banks with a distinctie cor!orate culture. *ere

we beliee in shared meanin&% shared understandin& and shared sense makin&. ;ur

!eo!le can see and understand eents% actiities% ob#ects and situation in a distinctie

wa. 0he mould their manners and eti,uette% character indiiduall to suit the !ur!ose

o" the Bank and the needs o" the customers who are o" !aramount im!ortance to us. 0he


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!eo!le in the Bank see themseles as a ti&ht knit team

0o !roide excellent ,ualit /ustomer serice.

0o maintain /or!orate and business ethics.

0o become a trusted re!ositor o" customers? mone and their "inancial

adisor.

0o make our stock su!erior and rewardin& to the customers


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Met'o)o+o,* o! t'e st()*@e hae collected some !rimar and secondar data "rom di""erent sources. 0he

sources are &ien below:

Pri-ar* )ataare collected thou&h> ;ral interiew o" the res!onsible o""icer

/onductin& interiew both customer and sta""s o" the branch.

Se%o)ar* )atacollection "rom>

+nnual Ae!orts

2rom the website htt!:


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A#o(t ,eera+ #a"i,

Ba"i, operatio %arrie) o(t #* EXIM #a"

0he eneral Bankin& de!artment does the most im!ortant and basic work o" the banks.

+ll other de!artments are linked with this de!artment. It also !laed a ital role in de!osit

mobili-ation o" the branch. EXIM Bank !roides di""erent t!es o" accounts and s!ecial

t!es o" sain& scheme under &eneral bankin&.

2or !ro!er "unctionin& and excellent customer serice this de!artment is diided into

arious sections namel as "ollows:

1. 3e!osit Section

9. +ccount o!enin& section

. /ash section

. Bills and /learin& Section

C. Aemittance section

D. +ccounts Section

7. 23A Section

./ Deposit se%tio

+ bank is essentiall an intermediar o" short'term "unds. It can carried out extensie

lendin& o!eration onl when it can e""ectiel channels the sain&s o" communit. +

&ood banker is one who e""ectiel mobili-es the sain&s o" the communit as well as

use o" sain& b makin& it aailable to !roductie and !riorit sector o" the econom

thereb "osterin& the &rowth. 0here"ore de!osit is the blood o" bankin& sstem. 0hats

wh de!osit collection is the main "unction o" bank.

+cce!tin& de!osits

0he de!osits that are acce!ted b EXIM bank like other banks ma classi"ied into:

3emand de!osits

0ime de!osits


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De-a) )eposits

3e!osit that can be withdrawn without an !rior notice. EXIM bank acce!ts demand

de!osits throu&h the o!enin& o">

/urrent +ccount

Sain& account

/all de!osits "rom the "ellow bankers.

Ti-e )eposits

+ de!osit which is !aable at a "ixed date a"ter a !eriod with !rior notice is a time

de!osit. EXIM bank acce!ts time de!osits throu&h "ixed de!osit recei!t% short'term

de!osit% bearer certi"icate de!osit etc. @hile acce!tin& these de!osits% a contract is

executed between the banker and the customer. 0he contract will be alid onl when both

the !arties are com!etent to enter into the contract. +s accounts initiates the "undamental

relationshi! and since the banker has to deal with arious kind o" !ersons with arious

le&al status. EXIM bank o""icials remain er much care"ul about the com!etenc o" the

customers.

+//;F0S ;GEI SE/0I;

0his section deals with o!enin& o" di""erent t!es o" accounts. It is also deals with issuin&

o" checkbooks and di""erent accounts o!eners. + customer can o!en di""erent t!es o"

accounts throu&h this de!artment such as:

1. /urrent 3e!osit

9. Sain& 3e!osit

. Short 0erm 3e!osit

. 0erm 3e!ositC. Sain&s Scheme .

D. Education Sain& Scheme

7. 2orei&n currenc +ccount

CURRENT DEPOSIT


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0he main ob#ectie o" this account is to !roide conenience to the customers in their

sain&s. 0his account allows the customer to de!osit his


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SAVIN0S SCHEME

EXIM bank o""er "ollowin& sain& scheme "or their customer>>>

Monthl Sain& Scheme (3GS)

Monthl Income Scheme

Multi!lus Sain& Scheme

Su!er Sain& Scheme

Mot'+* Sa&i, S%'e-e

0he "irst 5 "oremost ob#ectie o" this scheme is to encoura&e !eo!le to build u! a habit

o" sain&s. Fnder this scheme% one can de!osit monthl a "ixed amount o" mone

re&ularl and will receie a substantial amount with handsome bene"it a"ter maturit o"

reasonable !eriod


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ears and at the maturit o" the account% de!osited amount will be stood at more than

double.

E)(%atio Sa&i,s; For 'i,'er e)(%atio

@ith a iew to assistin& the customer "or hi&her education% EXIM Bank has introduced

this scheme with conenient terms 5 conditions. 0he most &rati"in& ex!erience "or

!arents is !ro!er education o" their children. Educational ex!ense is ra!idl increasin&

and there"ore a!!ro!riate needs to be done b all !arents. EXIM Bank o""ers ou

HEducation Sain&s Scheme to assist ou "inancial !lannin& well ahead in time "or our

childrens hi&her education. ;ne ma de!osit 0k.9C444 or multi!les thereo" at a time.

0he instrument shell be issued "or 7 ears% 14 ears% 1C ears% 94 ears term. 0he de!osit

is !aable at maturit with either in lum! sum or on monthl basis as education

allowance "or D (six) ears startin& a"ter the com!letion o" res!ectie term ormall% no

withdrawal will be allowed be"ore maturit.

Forei, C(rre%* Deposit A%%o(t

0his account !roides the customer with sa"e and lucratie wa o" sain& their "orei&n

currenc. +ll nonresident Ban&ladeshi are most welcome to sae and remit their wa&es

and earnin&s "rom abroad throu&h this account.

RE


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C. Identi"ication (/o! o" Gass!ort)


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. Jalid co! o" the trade License

. Board Aesolution "or o!enin& account 5 o!eration o" the same dul certi"ied b

the chairman < Mana&in& 3irector

C. /erti"icate o" Incor!oration.

D. /erti"icate o" commencement (In case o" Gublic Limited /om!an)

7. 0rue co! o" the Memorandum and +rticle o" +ssociation o" the com!anies. 3ul

attested b the /hairman o" Mana&in& 3irector.

6. List o" 3irectors alon& with desi&nation and s!ecimen si&nature.

. Latest certi"ied co! o" 2ormKX11 (to be certi"ied b the re&istrar o" 8oint stock

com!anies) (in case o" directorshi! chan&e)

14. Aubber stam! (seal with desi&nation o" each !erson)

11. /erti"icate o" re&istration (in case o" Insurance com!anKobtained "rom de!artment

o" Insurance "rom the !eo!les Ae!ublic o" Ban&ladesh)

19. Identi"ication o" directors (/o! o" Gass!ort


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0he court o" EXIM bank issues &arnishee order.

+ customer ma close his


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0he main "unction o" this section is to collect instruments on behal" o" the customers

throu&h Ban&ladesh Bank clearin&house% outward bills "or collection% and inward bills "or

collection.

F!on the recei!ts o" the instruments this section examines the "ollowin& thin&s:

@hether the !ain& bank is within the 3haka cit

@hether the !ain& bank is outside the 3haka cit.

@hether the !ain& bank is their own branch.

O(t :ar) #i++s !or %o++e%tio

/ollections o" bills% which are beond the clearin& ran&e and collected throu&h ;B/

mechanism.

I :ar) #i++s !or %o++e%tio

/ollection o" bills% which EXIM Bank does as an a&ent is called collection throu&h IB/

mechanism.

Dis'oore) %'e=(e

I" the che,ue is dishonored EXIM Bank sends a memorandum to the customer startin&

the reason in the "ollowin& waN

Ae"er to drawerot arran&ed "or

E""ects not cleared. Ma !resent a&ain.

Exceed arran&ements.

2ull coer not receied.

Gament sto!!ed b drawer

Gaees endorsement irre&ular.

Gaees endorsement irre&ular% re,uire banks con"irmation.

3rawers si&nature di""ers< re,uired.

+lteration in date


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Lo%a+ re-itta%e se%tio

0he o""ers arious kinds o" remittance "acilities all oer the countr throu&h it branch

network. 0ele&ra!h trans"er% traelers che,ue and dra"t and che,ue can do remittance.

0here are two ste!s o" remittance as are:Inward remittance:' when one bank sends this 0.0% M.0% 0./ or che,ue to another bank

within the countr it will be called inward remittance.

;utward remittance:' when a bank &ot this 0.0%M.0% 0./ and che,ue "rom an bank

outside the countr then it will be called "orei&n remittance.

T*pes o! re-itta%e@

Between bank and non'bank customer

Between bank in the same countr

Between bank in di""erent countries

Between bank and central bank in the same countr

Between central bank o" di""erent customers.

T'e -ai istr(-ets (se) #* EXIM #a" !or re-itta%e o! !()s are@;

Gament order (G;)

3emand dra"t (33)

0ele&ra!hic trans"er (00)

Pa*-et or)er PO

+ !a order is a written order% issued b a branch o" a bank% to !a a certain sum o"

mone to a s!eci"ied !erson or a bank. It ma be said to be a bankers che,ue as it is

issued b a bank drawn u!on and !aable b itsel".

EXIM bank char&es di""erent amount o" commission on the basis o" !ament orderamount% as "ollows:'

Pa*-et Or)er C'ar,e

Tota+ a-o(t o! PO VAT Co--issio

F! to 0k. 14%444 0k. 0k.9C


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0k.14% 441 to 0k.144% 444 0k. 0k. D4

0k. 144%441 and aboe 0k.16 0k. 194

Source: annual re!ort o" EXIM bank.

De-a) )ra!t DD

+ demand dra"t is a written order o" one branch u!on another branch o" the same

bank% to !a a certain some o" mone to or to the order o" a s!eci"ied !erson.

3ra"ts are not issued !aable to bearer. In !ractice dra"ts are not to be drawn

between branches within the same cit.

In EXIM bank commission "or 33 is 4.1CO o" the !rinci!al amount.

Te+e,rap'i% tras!er TT

0ele&ra!hic 0rans"er ma be a""ected at the written re,uest o" an !erson and a&ainst

alue receied "rom him. + written a!!lication on the banks !rescribed "orm dul si&ned

b the !urchaser should be obtained. I" the a!!lication "or issue o" tele&ra!hic trans"er

contains instruction to debit the account o" the customer% his si&nature should be eri"ied.

It is howeer% !re"erable to obtain a con"irmation che,ue "rom the customer.

/har&e "or 00 is tk.4.1CO o" the !rinci!al amount and the additional char&e "or

telex.

A%%o(ts se%tio

0his is a er much crucial de!artment "or each branch o" a commercial bank. Aecords o"

all the transactions o" eer de!artment are ke!t here as well with other res!ectie

branches. +ccountin& de!artment eri"ies all "inancial amounts and contents o"

transactions. I" an discre!anc arises re&ardin& an transaction this de!artment re!ort to

the concerned de!artment

Tas"s o! a%%o(t se%tio@


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+ccounts de!artment !las a ital role in commercial bankin&. In !riate bankin& sector

accounts de!artment o" EXIM Bank Ban&ladesh Ltd. Ger"orms its tasks !ro!erl. 0he

actiities o" accounts section are as "ollows:

Aecord all transaction in the cash book.

Aecord all transaction in the &eneral and subsidiar led&er.

Gre!are dail "und "unction% @eekl !osition% Geriodic statement o" a""airs etc.

Gre!are necessar statement "or re!ortin& !ur!ose.

Ga all ex!enditure on behal" o" the branch.

Make salar statement and !a salar.

Branch to branch "und remittance and su!!ort "or accountin& treatment.

Bud&etin& "or branch.

Make char&es "or di""erent t!es.

Fi)i,s o! t'e st()*

+lthou&h the !ro"it earnin& condition is satis"actor% the customer serice condition o"

the bank is not et to! class.

0he bank is not still technolo&ical u!dated. 0here are no online bankin& "acilities= the

bank should hae its own data communication "acilities "or better customer serice and

securit.

0he account o!enin& !rocedure "or arious kinds o" clients should be made easier.

E""icient work "orce alon& with !ro!er diision o" work is ital "or the success o" an

bank% EXIM bank has the sco!e to consider these "actors to enhance sustain it &rowth.

Most o" the !eo!le in our countr dont hae !ro!er knowled&e o" B+IM' !olicies. 0he

some time think all are same as traditional bankin& ex!ect chan&e in the name.

0here is sco!e to introduce the most modern serices like' +0M% /redit card% 3ebit cardetc.

Since the work is done mostl manuall% the inestment section takes lon& time to

!rocess loans.

2orei&n exchan&e de!artment could !roide better serice throu&h com!uteri-ation o" all

its o!erations.


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0he cash counter and the whole

Documents

OVERVIEW OF EXIM BANK LIMITED