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Internship Report

Foreign Exchange operation
Standard Bank Limited


An Internship Report


Standard Bank Limited

Submitted To:
Md. Islam Biswas
Assistant Professor, Department of Accounting
Banglaadesh University of Business & Technology(BUBT)
Submitted by:
Nasrin Akter
BBA Program, Major in Accounting
Submission Date: 24 February,2014

Bangladesh University of Business & Technology


Foreign Exchange
Standard Bank Limited

Submitted To:
Md. Islam Biswas
Chairman, Department of Accounting
Bangladesh University of Business And Technology(BUBT)
Submitted by:
Sadia Alabbi
MBA Program, Major in Accounting
Submission Date: 15 March,2014

Bangladesh University of Business & Technology


Letter of Transmittal
March 18, 2014
Md. Islam Biswas
Chairman , Department of Accounting
Bangladesh University of Business & Technology (BUBT)
Subject: Submission of Internship Report on Foreign Exchange Operations of
Standard Bank Limited.
Dear Sir,
I am delighted to submit my report on Foreign Exchange Operation of Standard Bank
Limited, Principle Branch, Dhaka which has been prepared as a partial requirement of
the internship program. I have tired my best to complete my internship program
successfully. The whole experience of the internship program enabled me to get a feel of
the real life situation.
I believe that the knowledge I have gained and the effort contributed in preparing this
report will be helpful in my coming life. I earnestly hope that this report will come up to
your expectation and satisfaction.
Thanking You
Yours Sincerely
Sadia Alabbi
Intake: 25th
ID: 1123201507

MBA program
Department of Accounting
Bangladesh University of Business & Technology (BUBT)

First of all I am very much grateful to Almighty Allah to help me to complete my
Internship Program successfully.

This is high time to convey my sincerest gratitude to honorable supervisor Md. Islam
Biswas, Chairman, Department of Accounting, Bangladesh University of Business &
Technology (BUBT) for his kind cooperation and valuable suggestions in preparing this
report. His enthusiastic guidance and comments during the phase of the study made it
possible for me to prepare this report.

My family and friends also assist me in every step of my work. Whenever I need them, I
found them beside me.

I am very much grateful to the officials of SBL who extended their enthusiastic
cooperation during my internship period. I would like to extend my gratitude to Mr.
Iftekhar Enam Awal, (Vice President and Manager), for his valuable suggestions from
time to time. Each and every Senior Officer, Principal Officer never lost their interest to
give answer for my numerous queries. Their discipline in work inspired me a lot.

Besides, I would like to express my sincere gratitude to all my course mates for their
constant help and inspiration in my internship period. Finally, I would like to convey my
best regards to all officials of the Principle Branch, SBL Bank Ltd.

Executive Summary
An internship program is very important & essential for acquiring experience through
learning and spreading the scope of Knowledge. I have done my internship program in
Standard Bank Limited, Principle Branch, Dhaka.
This internship Report is aimed at providing a comprehensive picture to the areas of
Foreign Exchange of Standard Bank Limited. The information of this report is
disseminated on the basis of foreign remittance procedure, foreign remittance condition,
and exchange houses of Standard Bank Limited etc.
Standard Bank Limited, maintaining the pace with the competitive commercial banking
operations in Bangladesh provides all of banking services at the doorsteps of the people.
The Bank also participates in various social and development programs and takes part in
implementation of various policies and promises made by the Government.
Standard Bank Limited plays a pioneer role in handling foreign trade and foreign exchange
transactions. With wide network of branches and exchange houses it is singularly handling
the largest volume of export-import business including homebound remittances. For this
reason Foreign Exchange of the Bank is very much essential. But now a days banking
sector of Bangladesh is suffering the disease of default culture which is the consequence or
result of bad performance of most banks.
Standard Bank Limited is operating its foreign remittance operations through own and other
exchange houses which are comparatively accomplishing their target through capturing the
market of U.S.A, U.K, U.A.E and almost all of the countries of the world.
In this report I mentioned the overall performances of Standard Bank Limited for the
economic development of Bangladesh.
I also mentioned the findings of my report and described the recommendations to
overcome the limitations.

I have taken all the reasonable care to ensure the accuracy and quality to make the report
standard. And I believe that it has been included all the necessary information to be
relevant, reliable and useful.