What is Foreign Remittance? Definition: Remittance represents transfer of fund from one place to another through official channel. Foreign Remittance: Foreign Remittance refers remittance of Foreign currency that are received in and made out abroad. Foreign Remittance also includes purchase and sale of freely convertible foreign bills and currencies. Types: […]
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Securities company of Bangladesh Securities company of Bangladesh A.B. ISPAHANI SECURITIES LID. Rep: Mirza Ali Behrouze Ispahan! Chairman & M.D Ispahani Building (2nd Floor) 14-15, Motijheel C/A, Dhaka-1000 Ph: 9555192, Res :8827061, Mobile : 01819-240459 Fax : 9565319, 9553193 E-mail : [email protected] A.B.S. SAFDAR & CO. LTD. Rep: Dr. A.M.B […]
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NFC Deposit Account NFC Deposit account means Non-Resident Foreign Currency Deposit A/C NFC Deposit A/C A/C At a glance Authorized dealers may open F.C A/C in the name of the followings persons without prior approval from Bangladesh Bank. All Bangladeshi Nationals/persons including those having dual nationals / ordinarily residing abroad […]
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What is SMS Banking Services? 1. What is SMS Banking? This is a service that allows customers to access their account information via mobile phones. SMS banking services are operated by using both push and pull messages. Push messages are those messages that the bank chooses to send out to […]
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The function of the Product Development Manager The Product Development Manager: Duties and Responsibilities: 1. Develop Branch Recognition: • Develop a plan on execution for branding activities and contribute to budget development. • To develop and executed brand visibility strategies. • Launch new products and re-brand existing products to sustain […]
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Relationship Manager functions Relationship Manager functions are given below: Duties and Responsibilities: Preparing and implementing action plans and programs for mobilizing deposits, the opening of accounts, and obtaining new profitable corporate business. Consulting and advising customers on appropriate investment options. Marketing for deposits in both local and foreign currencies from […]
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What is the Retail Banker Functions? Functions of The Head of Retail Banking To grow Retail Banking business by providing effective leadership to the Business Unit’s staff and management of the department’s operations to optimize the acquisition of new customers; selling of Bank products; quality of customer management and maintenance […]
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International Monetary Fund (IMF) The (IMF) International Monetary Fund was originally created as part of the Bretton Woods system exchange agreement in 1944. The International Monetary Fund (IMF) is an organization of 188 countries, working to foster global monetary co-operation, secure financial stability, facilitate international trade, promote high employment and […]
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International Chamber of Commerce (ICC) Established: In 1919 International Chamber of Commerce (ICC) Outline: Introduction to the International Chamber of Commerce (ICC) History and background of the ICC Structure and organization of the ICC Objectives and goals of the ICC Services and activities provided by the ICC Arbitration and […]
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AB Bank Limited Information of AB Bank Corporate Information Name of the Company: AB Bank Limited (ABBL) Legal Form: Public Limited Company Date of Incorporation: 31st December 1981 Commencement of Business: 27th February 1982 Registered Office: BCIC Bhaban, 30-31, Dilkusha C/A Dhaka 1000, Bangladesh Telephone: (+8802) 9560312 SWIFT Code: ABBLBDDH […]
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What are the objectives of the Bank? Objectives and importance of Bank Bank has various objectives as per other financial organizations. But the banking organization viewpoint is exceptional than others. The objectives of the bank can be viewed from three different perspectives: 1) The objective from the viewpoint of […]
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Commercial Invoice Feature of Commercial Invoice : In international trade, a commercial invoice is an essential document that facilitates the smooth flow of goods and ensures compliance with customs regulations. A commercial invoice serves as a record of the transaction between the buyer and the seller, providing important details about […]
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Banker and Customer Relationship Banker and Customer Relationship features: Customer: In general, any individual/organization that maintains an account with the bank is treated as a customer. But in some situations, Banker extends their services to the individuals/organizations even if they are not customers as defined above. According to the duration […]
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What is IRC and ERC? IRC and ERC: Required papers / documents to obtain Import Registration Certificate (IRC) Import Registration Certificate (IRC) and Export Registration Certificate (ERC) are issued by the office of chief controller of Import and Exports (CCI & E) of the government. Intending Imports and Exporters are […]
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What is bank guarantee? What is bank guarantee? A guarantee is a promise made by the person/organization (or guarantor) to the Banker that he will pay the present or future debt in case of default by the principal debtor. So the guarantor is undertaking to repay the debt in case […]
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