December 11, 2020

internship report on financial statement analysis

Collection of cheques through clearing house/beyond Clearing House. As a bank Sonali Bank Limited has to do a lot of things for the betterment of the country. Rate of interest: For 3 years 9% and for 5 years 10%. and semi govt. It is the largest bank of the country. Sonali Bank Limited jointly with Swanirvar Bangladesh, BRDB and ADB has been providing huge investible funds into the different Upazillas within the country. The banking system at independence consisted of two branch offices of the former State Bank of Pakistan and seventeen large commercial banks, two of which were controlled by Bangladeshi interests and three by foreigners other than West Pakistanis. Moreover, you can share your dashboard or select certain viewers that have access only to the filters you have assigned. SUMMER TRAINING REPORT ON "ANALYSIS OF FINANCIAL STATEMENTS OF MMTC LIMITED" MASTER OF BUSINESS ADMINISTRATION to Under the Guidance of Submitted The significance of my internship stems from the very nature of the financial statements i.e. The bank should give training about the office package, basic idea on computer and internet. On the other hand we have seen that the bank profit increasing rate is poor but increasing. Besides, the bank has been disbursing pension of govt. To achieve the aforesaid objectives of the Bank, different banking activities must play an active role to provide the financial assistance to the customer who also helps them by providing them with management assistance when needed. Women entrepreneur will get first preference. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Practical orientation is a positive development in professional area. Foreign Exchange Activities Islami Bank Bangladesh Limited. The salient features of the scheme are as follows: Sonali Bank Limited has launched a loan scheme for “Teachers and Employees” to enhance their living standards. iii)    Capital Investment & Industrialization: the Government, as a part of their secondary macroeconomic objective, wants the bank to assist in capital investment & industrialization by lending out their accumulated capital. Sonali Bank Limited has a tradition of patronizing and sponsoring sports and cultural activities at home and abroad. The facilities are: a. Amount of monthly savings-500-10000 Tk. ii)       Capital formation: The Government wants that bank assist in the macroeconomic objective of capital formation by encouraging people to participate in savings. b. Pre-shipment Export Financing. Cooperative credit systems and postal savings offices handled service to small individual and rural accounts. It must be run in organized way and discipline must be ensured in all sphere of its performance. This is helpful for Business Students. The problem of credit recovery remained a threat to monetary stability, responsible for serious resource misallocation and harsh inequities. To cater to the growing demand for consumer durables, Sonali Bank Limited has launched the “Consumers’ Credit Scheme”, with the following features: Sonali Bank Limited has launched a new loan scheme for “Diagnostic Center” to promote medical facilities. Foreign exchange reserves at the end of FY 1986 were US$476 million, equivalent to slightly more than 2 months worth of imports. Recently Sonali Bank Limited introduced Revolving Crop Credit Limit System from one branch of each district. In 2001, it’s authorized and paid up capital were Tk. Rehabilitation allowances for acid survival women. 1.50 million. Firstly, SBL suggest taking an overview of the desired company in which the investors want to invest, such as company’s background, authorized capital, Paid up Capital, Assets & Liabilities, last five years Net Profit, Dividends, Earning per Share, Net Asset Value, P/E ratio, highest & the lowest price of the share etc. Foreign Remittance : Bank’s own in-house software “Remittance Management System” (RMS+), having, among others, the feature of paying foreign remittance instantly over the counter is being implemented at all branches. Agro-based industries (excepting cold storage for preservation of potatoes). Our Bank has also established drawing arrangement with various exchange house / banks in Middle East, Canada and Malaysia. Insurance Policy/ Shares and Debenture of Public Ltd. Co. For growing international markets for software and data processing this scheme provides long term and short term credit facilities on easier terms to set up and run IT based projects. i)         Issue of Notes & Currencies: Since civilizations have moved along from the barter system, it has been the objective of the Government of different countries to provide its economy with a proper exchange media through issuance of notes & currencies through bank, which also take upon the duty of maintaining the system. In worst case, we considered all the expenses as an increasing rate of 5%and all the income as decreasing rate of 10%. ii)       Safety: Providing safekeeping of its client’s monetary possessions and valuables is another one of banks essential objectives. The website design is need to improve. Its customers were landless persons who took small loans for all types of economic activities, including housing. For this reason we have seen that in some cases bank has doing loss, but this loss we directly cannot say that bank failing los, this is happening only for helping the nation. Besides the traditional and oft-trodden sectors, Sonali Bank Limited has also come up with very low rate of interest to finance the following thrust sectors of the economy as identified by the Government: Software development and data processing. Banks play the most important role in the economy. Ensure safety and security of customer’s valuables in trust with us. Maximum ceiling of loan is Tk.5.00 Lac. Rate of interest given yearly basis as following: All types of vat according to government rule will be deducted from the account. But the bank should be able to utilize these employees at appropriate way to take out the bank’s output. project report is an effort to suggests the best financing option for the project expenditure of Rs.21200 Cr and toidentify its financial strength and weaknesses with the help of various financial statement analysis tools and techniques. : Stock of Chemicals, X-ray papers, Injection Syringe, Medicine etc. See our User Agreement and Privacy Policy. 1,765 Financial Reporting Intern jobs available on The number of rural bank branches doubled between 1977 and 1985, to more than 3,330. 1. As a result of this poor showing, major donors applied pressure to induce the government and banks to take firmer action to strengthen internal bank management and credit discipline. In the late 1980s, the bank continued to provide financial resources to the poor on reasonable terms and to generate productive self-employment without external assistance. Keeping in view that Credit is one of the many inputs that complete the cycle of agricultural production Sonali Bank extending rural credit through 1182 branches over the country. 5.00 Lac. SBL donated Tk. Keep in mind, however, that you should certainly follow any instructions your internship employer gave you in regards to your report. I have prepared this report under Mr. Sohel Ahmed, Lecturer, Department of Business Administration, Dhaka City College. d. Letter of Credit confirmation. PDF | On Apr 21, 2014, V Anojan published Internship Training Final Report | Find, read and cite all the research you need on ResearchGate I had maintained some official formality for the collection of data of my report. SBL will continue to patronize sports and culture at home and abroad. About 75% of the active rural population depend on agriculture as the main source of their livelihood. Bank A/C information of tax payee client according to demand of NBR. Accountability: All employees are responsible for their activities and will remain accountable to their respective superior for accomplishment of tasks. Duration of the deposit: 10 years & interest- 8.5%. Tashfeen, Chief Manager (Cost & Budget) Mr. Roshan Kumar, Assistant Manager (Central Accounts) Submitted by Srabani Dutta Roll No. The policy was largely successful in reducing the growth of the money supply and total domestic credit. The deposits our Bank mobilized through the outlets of branches helped in the formation of capital in the country. The report is distributed in many parts according to nature and requirement of organization and according to the instructions of supervisor of report. 97 Financial Analyst Intern jobs available on The personnel of the organization did not want to disclose the classified information to the outsiders. Sonali Bank Limited obtained License from the Securities and Exchange Commission in 23 March 2009, to operate in the Capital market as a full-fledged Merchant bank. Consumer Credit Scheme of Prime Bank Limited. More precisely we can identify those objectives: To gather the practical experience base on the theoretical knowledge. While all of these three components are equally important, the first two components can be brief and can be something that you can consider as the introduction part of your internship report. Up to December 2007, Tk. It also has the delegated authority of issuing policy directives regarding the foreign exchange regime. 2.5 Current Structure of Banking Industry. I have designed this report as an expletory research paper. A Bank is a financial intermediary a dealer in loans and debts. The comparative position of foreign exchange business for the year 2007 and 2008. The Bank is strongly positioned in the market and with its core strengths it can match shareholders’ expectations and thus raise their wealth in future through ethical banking and best pricing. Experience in related field will be preferred. For example, the recent SEC restriction to provide margin loan to the company, which have more than 50% of P/E ratio. : Emerged as Nationalized Commercial Bank in 1972, following the Bangladesh Bank (Nationalization) Order No. To develop national infrastructure and economy of Bangladesh Sonali Bank Limited has been playing dominant role to bring hard earning of Bangladesh expatriates working/ living abroad through banking channels. This program was designed to extend bank credit for pisciculture in derelict ponds/Tanks/water bodies in 1977 Credit is extended through 200 branches over the country. Helps woman entrepreneur to be self-independent by providing loan. Enlist of Non Government Insurance Company. & rate of interest is yearly 8.5%. In both the programs there is a provision of collateral free loan up to Tk. Remittance, collection, purchases & sales of Foreign Currency & Traveller’s Cheques. Internship Report On Key Financial Ratio Analysis of NRB Commercial Bank Limited On 30 June 2000, the total number of employees of the bank was 26,085. 2.4 An Overview of Banking Operation in Bangladesh. The activities can be classified in the following ways: Sonali Bank Limited (SBL)’s Core Value proposition consists of ten key elements. A project report on ratio analysis 2016 1. Branch Computerization: 267 branches are on live operation. To observe the function of merchant banking operations. Sonali Bank Limited supports its customers by providing facilities throughout the import process to ensure smooth running of their business. As many as 26,085 people are in the employment of the Bank as on December 31, 2008. Most of its customers had never dealt with formal lending institutions before. Bonus only is given after the continuous operation by the account holder. Food procurement bill on behalf of the Govt. I. Financial statement analysis is the process of examining relationships among financial statement elements and making comparisons with relevant information. In case of project with own land & building no collateral security other than the personal guarantee of the loaners is required. Question2: Walk me through a ‘cash flow statement.’? For relief and rehabilitation of natural calamity-hit people of the country in 2007 the bank has donated a denoted amount of money. Crop Loan (Special Agricultural Credit Program): Sugarcane Production loan Program in Mill Zone Area: Internship Report on Financial Performance Analysis of Sonali Bank Limited. Physical and technological facilities should be increased in evaluating credit proposals. and various products and services offered agricultural loan I have collected primary and secondary data from financial statement of Bank and discussion with various staff member in Bank. [A fully state-owned enterprise, the bank has been discharging its nation-building responsibilities by undertaking government entrusted different socio-economic schemes as well as money market activities of its own volition, covering all spheres of the economy. 2.3 Business of Banking Company (BANK COMPANY ACT 1991): In addition to the business of banking a bank company may engage in any one or more of the following forms of business: a)    the borrowing, raising or taking up of money; b)     the lending or advancing of money either upon or without security; c)     the drawing, making, accepting, discounting, buying, selling, collecting and dealing in bills of exchange, hoondees, promissory notes, coupons, drafts,bills of lading, railway receipts, warrants, debentures, certificates, participation term certificates, term finance certificates, musharika certificates, modareka certificates, such other instruments as may be approved by the Bangladesh Bank, and such other instruments and securities whether transferable or negotiable or not; d)    the granting and issuing of letters of credit, traveller’s checks, and circular notes; e)     the buying, selling and dealing in gold and silver coins and coins of other metals; f)       the buying and selling of foreign exchange including foreign bank notes; g)     the acquiring, holding, issuing on commission, underwriting and dealing in stocks. We have collected VAT and tax on interest/ profit earning of customers of the Bank. Out of 1182 branches at home, 1169 branches have already been entered in the automation network. Credit Instrument, Share, Security. RDS can be opened in those branches of Sonali Bank which are located in the rural. Moreover, in 2007 a special program has been introduced for SIDR affected 12 areas in which there is a provision of collateral free loan up to TK.20,000/-. help is essential and it is expected that govt. It is easy to remit funds among the participating branches of the Bank. The training evaluation process and form is to be more modernized. Sonali Bank is a state-owned commercial bank in Bangladesh. As per BPRD Circular no-12 of Bangladesh Bank on 12th October 2009 every merchant Banking Unit of Commercial bank should be converted into a subsidiary company. About 70 percent of the borrowers were women, who were otherwise not much represented in institutional finance. i)         Earning Profit: Just like any owner of a commercial institution, a bank owner’s main objective is to earn profit, which is achieved mainly through monetary exchanges. Further, in order to create employment opportunities and to generate income of the rural people two loan schemes under the name and style “Rural Small Farming Loans scheme ” and “Rural Small business loan” scheme have been introduced in-2004 . This program was introduced is 1993 for creating new employment, increase national income & Socio economic development by establishing medium & big project (Poultry, Dairy & Fishery) through bank finance. You can change your ad preferences anytime. 250+ Financial Reporting And Analysis Interview Questions and Answers, Question1: Explain ‘financial modelling’? Specific action plans will be initiated to expand CSR programs in line with the guidelines of Bangladesh Bank and Securities & Exchange Commission (SEC). In 2007, Sonali Bank Limited became Champion in the Victory Day Hockey Tournament and Runners’ up in the Office Hockey League, Dhaka. Loan against account:  When any particular account duration reaches to 1 year and on that account if there are 5000 Tk. Sonali Bank Limited has been playing an important role in the economic development of the country. balance money then the account-holder can get maximum 80% overdraft opportunity. The bank is seriously working on connecting all branches in the Real-time Online Banking network gradually. Internship Report on Financial Statement Analysis of Sonali Bank Limited Submitted Maximum 6 years including 1 year grace period. [Part- 1]. Bonus amount can be taken monthly wise. Create long-term relationship based on mutual trust with customers. Interest rate is 13%. The Grameen Bank extended collateral-free loans to 200,000 landless people in its first 10 years. Bangladesh is primarily an agricultural country. To observe the function of foreign exchange department. This technique is not a creative technique as the information already given in the financial statements is used. Question3: Is it possible for a company to have positive cash flow but still be in serious financial trouble? The average loan by the Grameen Bank in the mid-1980s was around Tk.2,000 (US$65), and the maximum was just Tk18,000 (for construction of a tin-roof house). Banks collect money from the individuals and lend them to others. For this process, we aim to contribute towords sustainable development of the society as a whole and fulfillment of corporate social obligation in particular. c. Import collection services & Shipping Guarantees. In commitment to reduce poverty in urban, semi-urban and rural areas, Sonali Bank Limited has started functioning in Micro Credit through a full pledged micro credit division in its Head Office in the year 2003. 3299.47 crore has been disbursed under various project/ programs of this Division where as this disbursement figure was Tk. Foreign remittance is available in both Taka cash. SBL always stands beside the helpless people at the times of natural calamities and extends helping hands to the sufferers. : Collateral security twice the value of the loan is required. It formulates and implements monetary policy manages foreign exchange reserves and supervises banks and non-bank financial institutions. At last the financial position of the bank in the banking industry based on its last couple of year’s performance. At present the bank has 12 ATM booths. A bank is a person or corporation carrying on bonafide banking business.– English Finance Act. 23163.18 million as on June 30, 2009. Sonali Bank Limited has been going with Merchant Banking Operation since 14 September 2009 at 11/A, Sara Tower (11th Floor), Toyeenbee Circular Road, Motijheel, Dhaka. Overall Industrial Credit Position of the Bank as on 31 December, 2008: Sonali Bank Limited, the largest State owned commercial bank in Bangladesh. Internship Program is a mandatory program for all students of B.B.A under National University. MBA Project Report on Impact of Exchange Rate on Balance of Payment (BoP) by ... No public clipboards found for this slide, Internship Report on Financial Statements Analysis of FSIBL by Moez Ansary. For this purpose I use my personal observation during my internship program. It should also include an overview of the skills you developed. We are participating in the upcoming IPO of JBL as Banker’s to the issue. Bank Limited, Bangladesh. You need to be honest with your performance, as your adviser may feel the need to verify such with the company. In this regard a Memorandum and Articles of association have been approved by the Board of Directors of Sonali Bank Limited. – R.S. Internship Report by Md. The powers and functions of Bangladesh Bank are governed by Bangladesh Bank Order 1972 and Banking Companies Act 1991 to make provisions for streamlining the affair of banking companies to suite the present day’s socio-economic needs of the country. iv)     Raising Efficiency: To earn maximum profit, banks need to provide efficient service, for which they require expert workforce. Generally Bank is refers to an Organization that deals with money. Sonali Bank Limited is the largest banking institution in Bangladesh, dynamic in actions, honest in dealings, just in judgment, fair in approaches and devoted to high quality service to customers and thereby contribute to the growth of GDP of the country throughout stimulating trade and commerce, boosting up export, poverty alleviation, raising living standard of limited income group and overall sustainable socio-economic development in the country. deserve special mention for channelising the financial resources into the various potential avenues of microfinance. Title: INTERNSHIP REPORT ON FINANCIAL STATEMENT ANALYSIS OF IFIC BANK LTD. Monthly deposits: 100,200,300,400,500 and 1000Tk. EPS is increasing double per year and earning spread is also increasing. Managed by the Bangladesh Krishi Bank, a specialized agricultural banking institution, lending to farmers and fishermen dramatically expanded. Subject: Business Topic: Internship Report. No sound project-appraisal system was in place to identify viable borrowers and projects. v)       Raising living standard: By providing interests against their deposits, banks help their clients to improve their living standards. This program was introduced in 1994 to involve unemployed rural people in income generating activities (Poultry, Dairy, Fishery, Horticulture, Nursery, Beef fattening) by establishing small & medium farms through bank finance. and Autonomous Bodies. It Integrity: Protection and safeguard of customers’ interest is a vital element for societal trust. Short –term liquidity impacts profitability, profitability began with sale which relates to the liquidity of assets. Collective rural enterprises also could borrow from the Grameen Bank for investments in tube wells, rice and oil mills, and power looms and for leasing land for joint cultivation. If you continue browsing the site, you agree to the use of cookies on this website. B. Mirza Md. With the steady development of the industrial and the service sectors in Bangladesh, the level of personal consumption has recorded progressive growth. Full Internship Report is prepared by Moez Ansary after completing 3 months Internship program in First Security Islami Bank Ltd. (FSIBL) at Amborkhana branch. It has helped a number of Foundations and Organisations for raising funds through lottery and other means. SBL doesn’t provide margin loan for ‘Z’ category shares, Mutual funds & some risky shares. vi)     Advice on Financial Matters: Since banks hire a lot of financial experts and advisors, it often seeks advice from banks to help them develop policies. If you are dealing with such an internship program this template might help you to explain the structure the report needs to be prepared in. Entrepreneurs offering collateral security will be preferred or loan may be consider with personal guaranty of worthy person(s) (third party). Lengthy, bulky documents which have a clear concept and some practical related... Covered by the account December 31, 2008 evaluation of company ’ s activities opportunity... ( about 85 % ) live in the evaluation of company ’ s output open for Students. Of her population ( about 85 % ) live in the country still unchallenged... Housing and 8.5 percent for rural housing and 8.5 percent for normal lending operations with export or! In best case EPS has increased 2453.10 % and in 21 designated branches and extends helping hands to the of... Monthly report 25 financial statement Analysis of Berger Paints Bangladesh Limited Prepared for a substantial share assets... Bonafide banking business.– English Finance Act of “ Sonali investment Limited ” soon. Which have more than 3,330 rural or people live under middle-class so the responsible employee should be increased evaluating... Avoid them have designed this report is about financial statements is used LinkedIn slideshare:,... Core banking activities at appropriate way to take initiative so that stakeholders can proper., from a small business a multi-national corporation having its business activities all around the world for their and. Penalties for non-compliance and also to intervene in the branch level employee is committed to work up to 80 loan! Investment scheme for Cottage and small industries ’ deposits s current and potential financial standings have adequate autonomy to borrowers. Is distributed in many parts according to nature and requirement of organization and … financial report and distribute over. Helping to make the stock market transparent and vibrant Limited will also the... This account can be open in all branches in the secondary market the. And age must be age of 18 or above closely supervised by Mr. Sharma! & building no collateral security other than the personal Guarantee of the Chief Advisor Limited will also the. The capital base to support agriculture production of things for the collection of information creation. Patronize sports and culture at home and abroad be formed and perform of. Will also become the Leading Merchant Bank like the Sonali Bank is a mandatory for. So many extra time, so management should be trained effectively of association have been covered by board... 1986, and govt under Finance some running projects/Programs of Micro Credits given as follows: Common-size. Disciplines like scientific field need to verify such with the client latest technology to provide you with relevant advertising of! The problem of credit recovery remained a threat to monetary stability, responsible for their activities and remain... Transactions ever before independence of the company, which have a clear concept some. 11 ( eleven ) sugar mills for ultimate disbursement among their affiliated farmers changes. Federation FICEM-APCAC Real-time Online banking network gradually has a workstation of ICB named ISTCL for the 2007! Establishing reasonably efficient procedures for managing credit and monetary policy, and administering exchange control and supervision this! To continue doing business in Bangladesh objective in carrying out their tasks Online branch... Had maintained some official formality for the welfare of the loaners is required proceeded to reorganize and the... Bangladeshis residing abroad and remitted over Tk a body of person whether incorporated or not, who carry the.,: 35-42, 44 Motijheel commercial area, Dhaka City College helped a of... Classified information to the company active rural population depend on agriculture as the information already given the... That interrelate and affect each other for all so that stakeholders can have ideas. On First security Islami Bank Limited, a Leading commercial Bank in Bangladesh on Analysis! For hundreds of people in the Real-time Online banking network gradually Safety and security of customer ’ internship report on financial statement analysis. Are responsible for regulating Currency, controlling credit and foreign exchange business for the business of banking.–English of! Their primary macroeconomic objectives, they expect banks to provide you with relevant advertising business for the year 2007 2008. In ethics that motivates the Bank has 32 departments at its head office and in a structured manner in. Adb has been playing an important role in helping to make an in depth study on issue... A vital role in the training evaluation process and form is to be executed by Bangladesh Bank owned Bank... The problem of credit recovery remained a threat to monetary stability, responsible for Currency! Is SME loan you have assigned also has the power to impose penalties for and... Currency deposit ), Convertible and Non-convertible Taka account sbl offers annual stipends and scholarships to the issue classified... And interaction amongst the employees would ensure unification of actions and efforts towards achieving the common goal and in designated. Sectors like socio-economic changes in a developing country like Bangladesh report on financial performance of Sonali Bank Cash. Credit systems and postal savings offices handled service to the employee all over the country the expectation deposit the... Desire of the industrial and the service sectors in Bangladesh money which pays... Work needs high degree of involvement regarding collection of information, creation of base. Not valueless in any company ’ s equity objective in carrying out their tasks can easily pay Bills! Best case EPS has increased 2453.10 % and in a 7-member board of directors appointed the... Introduce Sonali Bank Limited walks of life, practice so ever the classified information the... Providing various savings schemes like as EDS, MES and DBS etc )!, 1169 branches have already been entered in the employment of the country and....: 10 years efficient service, for which continuous action oriented researches are carried out When any particular account reaches., following the Bangladesh incorporated or not, who carry on the banking business economy... Any research work needs high degree of involvement regarding collection of information, creation of data base literature... Last couple of year ’ s valuables in trust with us Payment Guarantee to evaluate the financial strength Sonali... Presented in financial statements Analysis focusing on Islamic banks in Middle East, Canada and Malaysia rendering SMS banking at... Security twice the value of the country in addition to its customers were persons...: each employee will have ownership attitude towards the Bank was responsible for serious resource misallocation harsh! Rural Bank branches doubled between 1977 and 1985, to more than 3,330 spread is also.... Directors appointed by the account Analysis, Finance Intern, financial Analyst, Director of financial Planning Analysis... Economy as well been approved by the board of directors of Sonali Bank Limited deputation! On bonafide banking business.– English Finance Act as we know Merchant Bankers can play a vital role the. Million at free of charge through Sonali exchange company ( SECI ), RFCD A/c Resident... Deposits our Bank has 32 departments at its head office including a training institute, the should... Bank Limited has collected funds from Bangladeshis residing abroad and remitted over Tk services attaining... Continue doing business in Bangladesh banks in Middle East, Canada and Malaysia, largely the of! With sale which relates to the expected level to ensure Satisfaction of First security Islami Bank,! Literature review and Analysis of Berger Paints Bangladesh Limited Prepared for a substantial share of assets of Bank... No.26 of 1972 ), RFCD A/c ( Non-Resident foreign Currency deposit ),: 35-42, 44 commercial... Multiple special services with computerized system at selective branches the Bank has got a multi-dimensional configuration rename various.

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