Ab Bank Revisited

In: Business and Management

Submitted By ishmam156
Words 1174
Pages 5
AB Bank – PD
General Information:
Initiative by Bangladesh Bank to develop a vibrant secondary market of government securities in Bangladesh.
Initially there were 12 banks and 3 NBFI’s who became PD’s, but later on when the market wasn’t successful the NBFI’s took permission from the central bank and left the market.

Initial Advantage: * Only PD can attend the auction (no one else) – this allowed them to buy the securities accordingly and then sell to other non-PD bodies.

Scenario

* After some time AB Bank’s saw that the supply of government securities was more than the demand. The treasury bills and bonds were not attractive to the market. * Banks were exhausted with government securities and had more than required * Due to poor market demand, the banks were stuck with the government securities. * In 2013, the market was opened to everyone, meaning that non-PD banks, corporate bodies, and individuals can bid for government securities.

* However the non-PD bids were to be placed through a PD. (Details described in the mechanism)

* Meaning that before non-PDs had to BUY the securities from the PDs, but now they bid for securities through the PD. The PD acts like an intermediary.

Requirement Mechanism * Each PD fixes the amount and rate of government securities according to their need. * Usually this percentage is fixed based on total demand and liability. * But sometimes there is also called “devolvement” * Devolvement: PD’s sometimes have to buy securities that haven’t been subscribed by any and is an obligation to the Central Bank. AB bank has to buy a certain percentage of the securities from the government whether they can sell it or not. * This devolvement also plays a factor when buying the government securities. * Some institutions can’t fix their own rate (usually non PDs), so they follow a…...

Similar Documents

Foreign Exchange Operations of Ab Bank

...  Internship Report        Foreign Trade Division        Internship Report                                                                                               On  Foreign Trade Division Of  AB Bank Limited      Prepared for  Mohammad Zakir Hossain Sharkar  Senior Lecturer                                                                                   Submitted by Mirza Sarah Alam ID # 05104026                     Date of Submission  15 December,2009.  LETTER OF TRANSMITTAL December 15, 2009 TO Mohammad Zakir Hossain Sharkar Senior Lecturer BRAC Business School BRAC University. Subject:- Submission of Internship on “Foreign trade management System of ABBL” Sir, As a part of BBA Program an internship report is enclosed herewith. The report was prepared on “Foreign trade management System of ABBL” .In the course of preparation the report relevant documents, data, information were studied and practical knowledge had been gathered. I pray and hope that the mistakes, the report may have, will be kindly excused. Lastly, I beg your kind consideration for evaluating this report. Thanking you very much indeed. Sincerely Yours, Mirza Sarah Alam Department-BBS ID- 05104026 Acknowledgment At the very beginning, I would like to express my deepest gratitude to almighty Allah for giving me the strength & the composure to complete the internship report. Words actually will never be enough to express how grateful I am, but never the less I shall try my level best......

Words: 15456 - Pages: 62

Babylon Revisited

...F. Scott Fitzgerald – Babylon Revisited F. Scott Fitzgerald was a prolific American writer whose professional life was as exciting and renowned as his personal life. Along with his wife Zelda, they lived hard, drank excessively, and traveled among the wealthy social elite of their time. Zelda, once the love of his life, was also a writer and published short stories, as well as a novel “Save Me the Waltz” (cite Columbia Encyclopedia). She eventually became mentally ill and suffered numerous breakdowns, resulting in more than one visit to an insane asylum. An alcoholic in debit, Fitzgerald died at only 40 years of age, on December 21, 1940, from a heart attack. (cite James West article). Born on September 26, 1896 in St. Paul, Minnesota, Fitzgerald later attended Princeton University and enlisted in the Army. He was a prolific writer who produced more material than most realize. By the time of his death he had written five novels, approximately 170 short stories, 11 plays, 96 poems, as well as various articles, essay and reviews. (cite Robert Gale). The publishing of When This Side of Paradise in 1920 helped launch Fitzgerald, then only 24, into the world of literary greats, where his popularity sky-rocketed and he gained a reputation for being a spokesman for the “Jazz Age” of the 1920’s. (West article). Unfortunately, with the decline of the Jazz Age, so came the beginning of a down-hill slide for Fitzgerald as well. His and Zelda’s extravagant life style...

Words: 641 - Pages: 3

Ab Bank Profile

...Background of AB Bank Limited AB Bank Limited, the first private sector bank was incorporated in Bangladesh on 31st December 1981 as Arab Bangladesh Bank Limited and started its operation with effect from April 12, 1982. AB Bank is known as one of leading bank of the country since its commencement 28 years ago. It continues to remain updated with the latest products and services, considering consumer and client perspectives. AB Bank has thus been able to keep their consumer’s and client’s trust while upholding their reliability, across time. During the last 28 years, AB Bank Limited has opened 77 Branches in different Business Centers of the country, one foreign Branch in Mumbai, India and also established a wholly owned Subsidiary Finance Company in Hong Kong in the name of AB International Finance Limited. To facilitate cross border trade and payment related services, the Bank has correspondent relationship with over 220 international banks of repute across 58 countries of the World. In spite of adverse market conditions, AB Bank Limited which turned 28 this year, concluded the 2008 financial year with good results. The Bank’s consolidated profit after taxes amounted to Taka 230 cr which is 21% higher than that of 2007. The asset base of AB grew by 32% from 2007 to stand at over Tk 8,400 cr as at the end of 2008. The Bank showed strong growth in loans and deposits. Deposit of the Bank rose by Tk. 1518 cr ie., 28.45% while the diversified Loan Portfolio grew by over 30%...

Words: 3637 - Pages: 15

Internal Control & Compliance Framework for Internal Control Systems in Ab Bank

...Course Title: Accounting Information Systems Course Code: ACC - 406 Course Instructor: Mohammed Sakhawat Hossain Assistant Professor, Faculty of Business & Economics, DIU Group… Assignment on INTERNAL CONTROL & COMPLIANCE FRAMEWORK FOR INTERNAL CONTROL SYSTEMS IN AB BANK Submitted to Mohammed Sakhawat Hossain Assistant Professor Faculty of Business & Economics Daffodil International University Submitted by Group Name: Group…….. Sec: A Batch: 22nd Program: BBA Faculty: Business & economics Daffodil International University ABOUT OUR GROUP ❖ Group Name: ……. ❖ Sec : A ❖ Batch : 22nd ❖ Program : BBA ❖ Faculty: Business & Economics ❖ Group member | | | | | |S:N: |NAME |ID |REMARK | | | | | | |01 |Soma Das |091-11-678 | | | | | | | |02 |Riza Ul......

Words: 5518 - Pages: 23

Loan & Advance Banking Operation by Ab Bank Limited.

...was sent by the department to AB Bank Limited to take real life exposure of the activities of financial institutions. The Human Resource Division of ABBL arranges my internship program at Islampur Branch from December 26, 2010 to March 26, 2011. At the end of the internship period the student have to prepare a report on the organization and this report titled “Loans & Advances and SME sector of AB Bank Limited” is the outcome of my three months practical knowledge at AB Bank Limited. Rationale of the Study Theoretical knowledge is not enough for a student. There is a gap between theoretical knowledge and practical field. So, these two should be synchronized. Our internship program is launched mainly for this purpose. The practical orientation program in banks enable a student to take a closer look at “WHAT” a bank does and “HOW”. Another purpose that may be is to know about the rules, regulation, and organization environment before getting a job. \ Objectives of the study The primary objectives to submit a report, for the fulfillment of my BBA program, and to find out the Loan & Advance Banking operation by AB BANK LIMITED. Secondary objectives are to gather comprehensive knowledge on total banking functions & the expectations of the customer regarding the service level of the bank. > To trace out the origin of the ABBL > To evaluate the affairs and activities of the bank. > Evaluation of the present performance of the bank. > To assess the......

Words: 12852 - Pages: 52

Credit Management of Ab Bank

...[pic] A Project Work On Credit Management of AB Bank Limited Course Code: BUS 699 Course Title : Project Work Submitted To Department of Business Administration Leading University, Sylhet. Supervised By Thanvir Ahmed Chowdhury Assistant Professor Department of Business Administration Leading University, Sylhet. Submitted By Md. Islaqur Rahman ID No-1201010556 MBA Program Department of Business Administration Leading University, Sylhet. Date of Submission: 30th April 2014 Dedicated to Letter of Submission 30 April, 2014 To Thanvir Ahmed Chowdhury Assistant Professor Department of Business Administration Leading University, Sylhet. Subject: Submission of Project Report Dear Sir, It is my great pleasure that I have the opportunity to submit a report on the Functions “Credit Management of AB Bank Limited”. I have completed my Project Work from 1st......

Words: 13651 - Pages: 55

Babylon Revisited

...Both “Babylon revisited” and “roman fever” are, to a large extent, about characters unable to escape their pasts. Which character, Charlie Wales or Alida Slade, is more responsible, finally, for the manner in which their past catches up to them? NAME: INSTITUTION: Both “Babylon revisited” and “roman fever” are, to a large extent, about characters unable to escape their pasts. Which character, Charlie Wales or Alida Slade, is more responsible, finally, for the manner in which their past catches up to them? “Babylon revisited” In Babylon revisited, Charlie has returned back to Paris for a couple of reasons. Charlie found many things have changed as he had changed in character too. He had left for business in Prague after his plans in life were begin to shatter amongst them his wife’s death. Charlie went back to Paris to see her little daughter who was staying with her aunt after Helens death. Charlie took a taxi and started rolling over the city to see the different places he remembers. His thoughts started taunting him as he though of how he had spoiled everything for himself at the city. He claims that he wasn’t realizing any of his actions. It was two years when all this occured, everything was gone and Charlie himself was gone too. Charlie and his daughter Honoria were both happy to see each other after a long period of ten months. Charlie was welcomed at her sisters in laws place where her daughter stayed in the care of Marion. As the discussion between......

Words: 1278 - Pages: 6

Robofish Revisited

...Tanggal Penerbitan | 23 Oktober 2014 | | | Unit Penerbit | Prodi Teknik Elektro - ITB | | | Jumlah Halaman | [ 5 ] | (termasuk lembar sampul ini) | Data Pemeriksaan dan Persetujuan | Ditulis | Nama | Tito Nurwahyu M N | Jabatan | Mahasiswa | Oleh | Tanggal | 24 Oktober 2014 | Tanda Tangan | | | | | | | Diperiksa | Nama | Hafiyanda Razan | Jabatan | Mahasiswa | Oleh | Tanggal | 24 Oktober 2014 | Tanda Tangan | | | | | | | Disetujui | Nama | Sebastianus Reynaldi | Jabatan | Mahasiswa | Oleh | Tanggal | 24 Oktober 2014 | Tanda Tangan | | | | | | | DAFTAR ISI DAFTAR ISI 2 Catatan Sejarah Perbaikan Dokumen 3 Proposal Proyek Pengembangan Robofish revisited 4 1 Pengantar 4 1.1 RINGKASAN ISI DOKUMEN 4 1.2 Tujuan Penulisan dan Aplikasi/Kegunaan Dokumen 4 1.3 REFERENSI 4 1.4 DAFTAR SINGKATAN 4 2 SPESIFIKASI 4 2.1 Definisi, Fungsi dan Spesifikasi 4 2.2 Design 4 2.2.1 Interaksi Pemakai dan Mesin Lain 4 2.2.2 Spesifikasi Fungsi dan Performansi Fungsi 5 2.2.3 Spesifikasi Fisik dan Lingkungan 5 2.2.4 Spesifikasi Standardisasi 5 2.3 Verifikasi 5 2.4 Biaya dan Jadwal 6 3 Lampiran 6 Catatan Sejarah Perbaikan Dokumen Versi, Tgl, Oleh | Perbaikan | | | | | | | | | Proposal Proyek Pengembangan Robofish Pengantar RINGKASAN ISI DOKUMEN Dokumen ini mengenai spesifikasi dari Robofish. Spesifikasi mengenai robofish akan dijelaskan......

Words: 2352 - Pages: 10

Brideshead Revisited

...“There is a snake in Eden; corruption in paradise.” To what extent do you agree that the Brideshead estate embodies a corrupted paradise in the novel? June 2010 Within the context of pastoral literature, change is typically seen as a destructive force, intrinsic with the movement away from a harmony with the natural world towards modernisation and corruption. In ‘Brideshead Revisited’ the same pattern appears to be followed; moving from the peaceful harmony of Sebastian and Charles’ life in Oxford into corruption and turmoil or the shifting power balance between the social classes, from the nobility to the lower classes. However, change is not exclusively a negative force in the novel. The title of book one ‘Et in Arcadia Ego’ suggests that even in paradise there is corruption or more accurately, death. The slightly morbid dorm room décor of Charles’ in book one which includes a skull as an ornament suggests that there is more to than meets the eye in reference to appearances in Brideshead revisited. Although Oxford appears to have been one of the places Charles remembers most fondly, there still is evidence of corruption/sinister events to come. Another places which exposes this paradise/death dichotomy is in the two passages from book one when Charles and Sebastian are picnicking and Sebastian states, ‘Just the place to bury a crock of gold…I should like to bury something precious in every place where I’ve been happy and then, when I was old and miserable I could come......

Words: 1003 - Pages: 5

Pa Report on Ab Bank

...Report On Performance Appraisal System Of INTERNSHIP REPORT On “Performance Appraisal System of AB Bank Limited, ABBL” Of HR Division, Head Office. (This report on internship in AB Bank Limited is submitted as a requirment of the partial fulfilment of BBA Program) Report prepared for Probal Dutta (1st), Senior Lecturer, BBS, BRAC University Shantu Kumar Ghosh(2nd) Senior Lecturer BBS, BRAC University. Report prepared by MD. ULLAH AL MAMUN Student ID: 06104007. BBS Department, BRAC University. Date Of Submission 13th May, 2010. BRAC University Students Assertion I hereby announced that the extensive study entitled “Performance Appraisal System of AB Bank Limited, ABBL” (Conducted on behalf of AB Bank Limited, Head Office, HR Division) Prepared in partial accomplishment of the requirements for the award of the degree in Bachelor of Businesss Administration (BBA) From BBS Department. BRAC University Is my original work and not put forward For the award of the any other degree/fellowship Or other similar designation or accolade. …………………………………… MD. ULLAH AL MAMUN Student ID: 06104007. Certificate of Approval The internship report of MD. ULLAH AL MAMUN Student id: 06104007. BBS Department, BRAC University Titled “Performance Appraisal System of AB Bank Limited, ABBL” (Conducted on behalf of AB Bank Limited, Head Office, HR Division) Is approved and is suitable in eminence and figure Academic......

Words: 27502 - Pages: 111

Performance Apprisal System of Ab Bank

...On Performance Appraisal System Of INTERNSHIP REPORT On “Performance Appraisal System of AB Bank Limited, ABBL” Of HR Division, Head Office. (This report on internship in AB Bank Limited is submitted as a requirment of the partial fulfilment of BBA Program) Report prepared for Probal Dutta (1st), Senior Lecturer, BBS, BRAC University Shantu Kumar Ghosh(2nd) Senior Lecturer BBS, BRAC University. Report prepared by MD. ULLAH AL MAMUN Student ID: 06104007. BBS Department, BRAC University. Date Of Submission 13th May, 2010. BRAC University Students Assertion I hereby announced that the extensive study entitled “Performance Appraisal System of AB Bank Limited, ABBL” (Conducted on behalf of AB Bank Limited, Head Office, HR Division) Prepared in partial accomplishment of the requirements for the award of the degree in Bachelor of Businesss Administration (BBA) From BRAC University BBS Department. Is my original work and not put forward For the award of the any other degree/fellowship Or other similar designation or accolade. …………………………………… MD. ULLAH AL MAMUN Student ID: 06104007. Certificate of Approval The internship report of MD. ULLAH AL MAMUN Student id: 06104007. BBS Department, BRAC University Titled “Performance Appraisal System of AB Bank Limited, ABBL” (Conducted on behalf of AB Bank Limited, Head Office, HR Division) Is approved and is suitable in eminence and figure Academic......

Words: 27411 - Pages: 110

Ab Bank

... Profile of ------------------------------------------------- AB bank Background of AB Bank Limited: AB Bank Limited, the first private sector bank was incorporated in Bangladesh on 31st December 1981 as Arab Bangladesh Bank Limited and started its operation with effect from April 12, 1982. During the last 28 years, AB Bank Limited has opened 81 Branches in different Business Centers of the country, one foreign Branch in Mumbai, India and also established a wholly owned Subsidiary Finance Company in Hong Kong in the name of AB International Finance Limited. To facilitate cross border trade and payment related services, the Bank has correspondent relationship with over 220 international banks of repute across 58 countries of the World. In spite of adverse market conditions, AB Bank Limited which turned 28 this year, concluded the 2008 financial year with good results. The Bank’s consolidated profit after taxes amounted to Taka 230 cr which is 21% higher than that of 2007. The asset base of AB grew by 32% from 2007 to stand at over Tk 8,400 cr as at the end of 2008. The Bank showed strong growth in loans and deposits. Deposit of the Bank rose by Tk. 1518 cr ie., 28.45% while the diversified Loan Portfolio grew by over 30% during the year and recorded a Tk 1579 cr increase. Foreign Trade Business handled was Tk 9,898 cr indicating a growth of over 40% in 2008. The Bank decided to change its traditional color and logo to bring about a fresh approach in the financial world; an......

Words: 1381 - Pages: 6

Ab Bank

...Background of AB Bank Limited: AB Bank Limited, the first private sector bank was incorporated in Bangladesh on 31st December 1981 as Arab Bangladesh Bank Limited and started its operation with effect from April 12, 1982. AB Bank is known as one of leading bank of the country since its commencement 28 years ago. It continues to remain updated with the latest products and services, considering consumer and client perspectives. AB Bank has thus been able to keep their consumer’s and client’s trust while upholding their reliability, across time. During the last 28 years, AB Bank Limited has opened 77 Branches in different Business Centers of the country, one foreign Branch in Mumbai, India and also established a wholly owned Subsidiary Finance Company in Hong Kong in the name of AB International Finance Limited. To facilitate cross border trade and payment related services, the Bank has correspondent relationship with over 220 international banks of repute across 58 countries of the World. In spite of adverse market conditions, AB Bank Limited which turned 28 this year, concluded the 2008 financial year with good results. The Bank’s consolidated profit after taxes amounted to Taka 230 cr which is 21% higher than that of 2007. The asset base of AB grew by 32% from 2007 to stand at over Tk 8,400 cr as at the end of 2008. The Bank showed strong growth in loans and deposits. Deposit of the Bank rose by Tk. 1518 cr ie., 28.45% while the diversified Loan Portfolio grew by over......

Words: 3406 - Pages: 14

Ab Bank Hr Practices

...RECRUITMENT AND SELECTION The AB Bank recruitment process is a strict and rigid multi-step process based upon certain core principles used by the bank and its Human Resource (HR) division. When recruiting among the number of factors taken into consideration, Core Competence is given the highest amount of weight. Core Competence is the basic knowledge of the job and potential to maximize that knowledge. Other factors taken into consideration are adaptability, learning potential, ethics and integrity, and extra-curricular activities. The first thing the firm observes is the CGPA of the candidates and applies a discounting factor on the CGPA of the candidates based on their universities. From there it is a two-step process, consisting of a written exam and a viva, which is conducted by a third party to ensure transparency. Furthermore, the firm does not allow any of its Board of Directors to take part in the selection process to keep away influence or unwanted manipulation. The HRD also takes in Parallel Recruitment in cases where it’s policy of “Promotion from Within” cannot be applied effectively. TRAINING AND DEVELOPMENT AB Bank provides job specific training designed to make employees more effective in their current job. The Bank believes that appropriate forms of training and enabling opportunities contribute to Human Resources Development (HRD) by way of upgrading the job skills, existing potentials and growth which benefit the employee and the organization. In......

Words: 578 - Pages: 3

Ab Bank Recuritment and Selection

... Assignment on Recruitment and selection process in AB bank ltd. Course code: HRM-630 Course Tittle: Human Resource Planning Submitted to: Tanzila Ahmed Lecturer Leading University , Sylhet , Bangladesh. Submitted By: Md.Imranul Islam Choudhury ………1103010718 Bushra Binta Fareque………………..1103010720 Syed Muddabir Ali……………………1103010001 Tahera Khanom Chowdhury……..1103010706 Thouhidur Rahman Tamim………..1103010722 Date:26-08-2012 Acknowledgement First of all, I would like to thank my Advisor Tanzila Ahmed for her untiring guidance, help, effort, and suggestion. Really we are thankful to her. Without her direct guide this report couldn’t be possible. A very dynamic personality, Tanzila Ahmed constantly inspired us all the time to develop my career and share her knowledge with us. I shall remain ever grateful to her extraordinary gesture and relentless effort. I am also thankful and acknowledged too our supervisor Mr. Khandaker Raihan Sayed, Specialist (HRD), AB Bank Ltd. without his direct help, suggestion, and assistance it was impossible for me to complete this report. I would also like to thank the authority of AB Bank Ltd. for helping me by giving an opportunity to work with them. LITERATURE REVIEW on Recruitment & Selection History of Human Resource Management The History of Human......

Words: 3542 - Pages: 15