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Banking (UCBL)

Banking (UCBL)

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Published by Nasir Al Mahmud

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Published by: Nasir Al Mahmud on Aug 03, 2012
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02/25/2013

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Report On: “General Banking Activities with Bank’s Deposit and Loan Products.

Kawsar Hossain ID: 103-11-202

Department Of Business Administration Faculty of Business & Economics Daffodil International University

Date of Submission: 3rd April, 2012

Report On: “General Banking Activities with Bank’s Deposit and Loan Products.”

Md. Tanvir Hamim Lecturer, Finance

Department Of Business Administration Faculty of Business & Economics Daffodil International University

Date of Submission: 3rd April, 2012

Letter of Transmittal 3rd April, 2012

Md. Tanvir Hamim Lecturer, Finance Daffodil International University

Subject: Submission of Report On: “General Banking Activities with UCBL’s Deposit and Loan Products.” Sir, Here is the report on “UCBL (United Commercial Bank Limited)” from the course “Principles of Banking”, course code: FIN-201 that you asked us to submit on 3rd April, 2012

My study is on “UCBL (United Commercial Bank Limited)”, and the related data that connected with that topic.

I am very thankful to you for giving us such an important and interesting topic like this. In spite of having problems in some points the report is completed nicely.

Sincerely yours

Kawsar Hossain ID: 103-11-202

Acknowledgement The study report is a product of the effort of me and also involves much people.s considerate attention to it. Without their kind support the preparation of this report would be an impossible one. So I must pay gratitude to them. Firstly, I would like to give special thanks to Md. Tanvir Hamim, Lecturer, of the department of Business Administration of Daffodil International University for giving me a lot of helps, time and idea. He has assists me with necessary ideas and concepts for making this report. I also want to give thanks the computer printing shop, because they help me very much to print and make this file. Finally, I would like to say that I will remain responsible for the errors; I expect a sympathetic consideration from you.

Executive Summary Sponsored by some dynamic and reputed entrepreneurs and eminent industrialists of the country and also participated by the Government, UCBL started its operation in mid 1983 and has since been able to establish one of the largest networks of 116 branches among the first generation banks in the private sector. With its firm commitment to the economic development of the country, the Bank has already made a distinct mark in the realm of Private Sector Banking through personalized service, innovative practices, dynamic approach and efficient Management. The Bank, aiming to play a leading role in the economic activities of the country, is firmly engaged in the development of trade, commerce and industry thorough a creative credit policy. United Commercial Bank Limited now has 116 branches all over the country. And it has approximately 40 ATM booths in different places in the country. UCBL bank is now rapidly growing company in Banking Sector. Its financial contribution in stock market is playing a vital role in economic growth of the country.

Company overview:

United commercial Bank is one of the oldest and leading commercial Bank in Bangladesh. This Bank has actively contributed to the economic and social developments of Bangladesh through its highly skilled management team and dedicated employee base. This Bank is a public limited company. UCBL was incorporated in June 26, 1983 and start its commencement in June 27, 1983. In 2012 the Bank celebrated its 29 years of success. In November 30, 1986 the bank was listed in Dhaka Stock Exchange and in November 15, 1995 it was enlisted in Chittagong stock exchange. United Commercial Bank Limited now has 116 branches all over the country. And it has approximately 40 ATM booths in different places of the country. UCBL bank is now rapidly growing company in Banking Sector. Its financial contribution in stock market is playing a vital role in economic growth of the country. United Commercial Bank is operated with a strong and efficient management group. Mr. Akhtaruzzaman Chowdhury, MP is the Chairman of UCBL and MR. M Shajahan Bhuyan is the Managing Director of the Bank.

Corporate Information:

Points Name of the company Legal Status Date of incorporation Date of Commencement Company Chairman Company Secretary

Information United Commercial Bank Limited Public limited Company June 26, 1983 June 27, 1983 Mr. Akhtaruzzaman Chowdhury, MP Mr. Mirza Mahmud Rafiqur Rahman CWS (A)-1, Gulshan Avenue Dhaka-1212, Bangladesh

Registered Office

Managing director Telephone E-mail Website Listing with Dhaka Stock Exchange Listing with Chittagong Stock Exchange S.W.I.F.T

Mr. M. Shahjahan Bhuiyan PABX 02 885 2500 info@ucbl.com www.ucbl.com November 30, 1986 November 15, 1995 UCBLBDDH

Product and Service of UCBL United Commercial Bank Limited offers different types of products and services to its customer for their satisfaction. These products and services create more competitive advantages for the bank as well as the customer. The products of UCBL are1) UCB Multi Millionaire 2) UCB Money Maximizer 3) UCB Earning Plus 4) UCB DPS Plus 5) VISA Credit Card 6) VISA Debit Card 7) Time Deposit Scheme 8) Monthly Savings Scheme 9) Deposit Insurance Scheme 10) Travelers Cheques 11) Foreign Currency Deposit A/C 12) Consumer Credit Scheme The services of UCBL are1) One Stop Service 2) Inward & Outward Remittances 3) Import Finance 4) Export Finance 5) Working Capital Finance 6) Loan Syndication 7) Underwriting and Bridge Financing 8) Trade Finance 9) Industrial Finance 10) Western Union Money Transfer 11) SMS Banking Service 12) Online Service 13) Locker Service

The General Banking of UCBL: In general service there are some departments involves giving the service to the customers, like1. Customer Services        Balance inquiry Statement Information about the products and services A/C forms distribution A/c opening and closing ATM card requisition/ issue Cheque Book requisition/ Issue

2. Remittance       Issue the payment order Demand Draft issue and collection T.T issue and collection OBC or Outward Bill collection IBC or Internal Bill collection Endorsement

3. Cash Department       Cash payment Cash receive Prize bond sell Gas and Electricity bill collection Clearing Transfer

Conclusion It is very fascinating experience to work live in United Commercial Bank Limited, Nabinagar Branch. I learned many things about the general banking procedure from here. It would be better for me if I can implement those working experience in future life. Banking sector is a big sector in Bangladesh. The contribution of economical progress in Bangladesh Bank sector is in the top position. I am very much happy to be a part of this sector for few months.

References: 1) Company website: http:// www.ucbl.com 2) Company journal 3) Annual report of the Bank-2011

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