Chapter 5

Findings of the study

EXIM Bank of Bangladesh Limited General Banking & Foreign Exchange Department missions are to actively participate in the growth and expansion of our national economy by providing credit & foreign exchange facility to viable borrowers, efficiently delivered and competitively priced. The following general policy guidelines govern the implementation of the business strategy of EXIM Bank of Bangladesh Limited with respect to credit & foreign exchange risk. EXIM Bank of Bangladesh Limited has a well established HR department, consisting lots of talented personnel.

5.1 Proposed Strategies

  • HR department of EXIM Bank of Bangladesh Limited Provides a better planning and compensation package to their employees which well enough compare to its peer group.
  • Personnel Research and Information system is created and updated based on branch information.
  • How tasks, authority and systems will be organized and integrated across organization units and in individual jobs. All of these are well designed in this organization.
  • This Bank helps that customer who is engage in export and import business.
  • Credit facilities of EXIM Bank of Bangladesh Limited are more dynamic and less time consuming than other banks.
  • It is does not extend any credit facility against cheque or pledge of goods.
  • General banking side provides different types of deposit and credit department extended loan facilities to the general customer.
  • It is follows the Islamic rules in every part of general banking.
  • Most of the Loan products of EXIM Bank of Bangladesh Limited of similar types. This Bank makes loan only to reputable clients who are involved in legitimate business activities and whose income and wealth are derived from legitimate sources.
  • This Bank does not extend credit where it does not have the industry knowledge or highly specialized skills needed to properly evaluate the proposal.
  • Bank requires that borrowers have a source of repayment established at the inception of the credit, and that any exception must be specifically addressed in the approval of credit.
  • It is engages primarily in the extension of credit in Bangladesh Taka or in the same currency as the collateral.
  • This Bank unsecured lending practices favor extensions of credit for short term, self-liquidating transactions.
  • This Bank extends venture capital to start up business or to businesses, which are entirely dependent on new technologies, but is considered with extreme caution and also secured by first class or other acceptable collateral.

The EXIM Bank of Bangladesh Limited foreign exchange service should be improved and the employees of EXIM Bank of Bangladesh Limited should be friendlier and try to solve client problem as early as possible.