Performance Appraisal of EXIM Bank Ltd.

Abstract

Export Import Bank: Of Bangladesh Limited has started its journey as a private Commercial bank: on August 3, 1999. The whole working process of EXIM Bank: Ltd is divided into 3 sections- (I) General Banking section, (ii) Credit Section, (iii) Foreign Exchange Section. This report has been presented based on observation from each section, which is consisted of various departments. Foreign exchange department plays various roles through providing different services for the customers. Letters of credit is the key player in the foreign exchange business. Timely payment for exports and quicker delivery of goods is the pre-requisite for successful international trade operations. To ensure this purpose EXIM Bank Ltd transmits LlC through SWIFT (Society for Worldwide Interbank Financial Telecommunication) to the advising bank:. EXIM Bank: Limited is providing different sorts LC services like LlC opening, lodgment, BLC (bills under letter of credit), Back to back LC etc. Foreign exchange department also provide foreign remittance like traveler's cheque, foreign demand draft, endorsement of US$ in passport etc. EXIM Bank Ltd, finance directly on priority basis to agriculture, industry and commerce sector for strength the economic condition of the country. EXIM Bank plays an important role to move the economic wheel of the country. Providing different sorts of credit and schemes like loan against imported merchandise (LIM), Trust Receipt, Bank Guarantee, Industrial Loan, SOD, Consumer Credit scheme, Executives Car Loan, House Finance is the main spring of the credit department.