Financial performance and comparative analysis of Modhumoti Bank Limited

Abstract

From the dawn of the civilization humans adapted quickly day by day and to enable their progress trade and commerce probably played the most important and sophisticated role. Banking has been in existence since the day the first currency was created. Wealthy people realized that they need some sort of safe and reliable place to store their money. From historical data we can see that people used temples in ancient Rome, Greece, Babylon to store their money and those temples used lend money to people. But modern-day banking is different. Implementation of technology and ever-evolving computing power made the current banking system better and reliable than ever. Currently our banking system is quicker, simpler and extensive which helps us to co-ordinate and collaborate with every financial institution within momentary glimpse. For last few decades banks are acting as the wheels of the economy of Bangladesh. By dividing their administrations based on the service they provide, banks of Bangladesh basically enabling every financial institute of our country. That’s why people are taking more loans every year and investments in various sectors are increasing rapidly. With a vision of smart use of technology, lead the next era of regional commercial banks by providing exceptional customer service by staff empowerment and intelligence and a full range of highest quality products and services Modhumoti Bank LTD was established on September 19, 2013. Despite being one of the youngest banks in Bangladesh, Modhumoti bank is performing tremendously because they are capturing both urban and rural area of Bangladesh by providing low interest rates to the companies and providing small and medium enterprise loans for the rural people. This report will provide information about current scenario of Modhumoti Bank which will include strength, weakness, opportunity and threats in our country and what kind of service they are providing. This report also includes financial performance analysis of Modhumoti Bank.