Foreign exchange operations and its contribution to the growth of Jamuna Bank Limited

Abstract

The banking industry is critical to the country's economic development. Currently, Bangladesh has 61 approved banks. Jamuna Bank Limited is a well-known private commercial bank that has been in operation since 2001. Through exceptional leadership abilities, it has already earned the public's respect and confidence for its satisfying and committed foreign exchange department. Most notably, Jamuna bank is renowned for its effective foreign exchange services, which include export, import, and remittance. This research examined the performance of JBL's foreign exchange operations department. This study evaluates JBL's foreign exchange decisions and makes recommendations on yearly earnings, export and import, as well as overseas remittance. This report discusses three distinct subjects. I begin by writing and discussing an outline of my internship program in the first chapter. In which I specified my tasks and responsibilities. Additionally, my contribution to the bank and the advantages I receive from it, as well as my advice for incoming interns. In the chapter two, I explain the organizational side of things, such as the five practices that JBL adheres to. I describe my organization's management techniques, marketing aspects, accounting and financial analyses, operational procedures, and information system. I discussed them in depth and from the standpoint of my organization. I discussed the Foreign Exchange Operations of Jamuna Bank Limited and its contribution to the growth of the bank in the final section, that is the project section. Additionally, I write all the information and results myself, as well as the analytical data for import, export, and remittance. Additionally, I collect and interpret data from a variety of sources. Finally, I concluded and made a recommendation.