SWOT analysis has also been done to reflect the performance of JBL foreign exchange operation and so for the major competitor banks. Data for SWOT analysis of competitor banks has been collected from journal, internet and annual publications of the respective banks. 1.3.7 Recommendations and Conclusion At the closing phase of the study recommendations and conclusion have been drawn which are found helpful and improving for the foreign exchange performance of Jamuna Bank Limited. 1.3.8 Limitations Although best effort was given to successfully completion of the study, some drawbacks like limited time, cost and manpower may have affected the quality a little. However it was quite a satisfactory that with all the barriers and limitations the study has been completed within the projected date. Chapter 2: Jamuna Bank Overview 15 | P a g e
2.1 Background Jamuna Bank Limited (JBL) is a Banking Company registered under the Companies Act, 1994 with its head office at Printers Building (2 nd floor and 8 th floor), 5, Rajuk Avenue, Dhaka-1000. The Bank started its operation from 3rd June 2001. Jamuna Bank Limited is a highly capitalized new generation Bank started its operation with an authorized capital of Tk.1600.00 million and paid up capital of Tk.390.00 million, as of December 2006 Paid up capital of the Bank raised to Tk.1072.5 million and number of branches raised to 29 (Twenty nine). JBL undertakes all type of banking transactions to support the development of trade and commerce in the country. JBL’s services are also available for the entrepreneurs to set up new ventures and BMRE for industrial units. The Bank gives special emphasis on Export, Import, Trade Finance, SME Finance, Retail Credit and Finance to Women Entrepreneurs. To provide clientele services in respect of International Trade it has established wide correspondent banking relationship with local and foreign banks covering major trade and financial centres at home and abroad. 2.2 Corporate Information of Jamuna Bank Ltd 16 | P a g e
Chairman Managing Director - HRD Executive Vice President/ Company Secretary Chief Adviser Board of Directors Deputy Managing Director ID, IT, CREDIT, R&P Deputy Managing Director GSD, CAD, A&I, GB, D&M Senior Vice President Senior Vice President Senior Vice President Vice President Senior Asst. Vice President Asst. Vice President Senior Principle Officer Principle Officer Senior Officer Officer Junior Officer Asst. Officer Abbreviations: GSD – General Service Division CAD – Central Account Division ASI – Audit and Inspect CB – Central Bank D&M – Developing and Marketing ID – International Division R&P – Research & Planning Table2. 1: Corporate information of JBL Registered Office: Chini Shilpa Bhaban 3, Dilkusha C/A, Dhaka-1000. Company Registration Number: C-42780 (2139)/2001 External Audior(s) Howladar Yunus & Co Chartered Accountants 67, Dilkusha C/A (2 nd Floor), Dhaka-1000 Legal Advisor Mr. Habibul Islam Bhuiyan Senior Advocate Bhuiyan Islam & Zaidi Advocates and Barristers H# 29, Rd# 9/A, Dhanmondi R/A, Dhaka Number of Branches & SME/ Agri Branches / Centers
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