American International University- Bangladesh

Faculty of Business Administration Subject- Financial Institution Market Section- C & D Course Instructor- Bohi, Shajahan

Rahman, Mohammed Rubiat Ferdoush ( C ) (09-14096-2) Uddin, S. M. Forhad ( D ) (09-13927-2) Khan, Asif Uddin (D) (09-13904-2) Ghose, Rajesh Kumar (08-12342-3)

Our Topic Is EXIM Bank

Introduction of EXIM Bank

Established: 3rd August, 1999 Founder Chairman: Late Mr. Shahjahan Kabir Awards & Achievements: 1. First private sector bank to open exchange house in UK 2. Implementation of the world renowned Core Banking Software (TEMENOS T24) 3. Conversion from Conventional Banking to Shariah Based Islami Banking

Mission of EXIM Bank

Provide quality financial services especially in Foreign Trade Continue a contemporary technology based professional banking environment Maintain corporate & business ethics and transparency at all levels Sound Capital Base Ensure sustainable growth and establish full value to the honorable stakeholders Fulfill its social commitments and Above all, to add positive contribution to the national economy

Vision of EXIM Bank

The gist of our vision is Together towards Tomorrow. To achieve the desired goal, there will be pursuit of excellence because in Exim Bank they believe, the line of excellence is never ending. Banks strategic plans and networking will strengthen is competitive edge over others in rapidly changing competitive environment. Its personalized quality services to the customers with trend of constant improvement will be the cornerstone to achieve our operational success.

Foreign Exchange and Trade Finance

Correspondent Banking Import Finance Export Finance

Correspondent Banking

They have correspondent banking relationship with more than 354 International banks around 137 countries. It maintains relations with International Finance Corporation (IFC) with a credit limit of US Dollar 5.00 million. The bank is also engaged in an agreement with Asian Development Bank (ADB) for credit line facilities.

Export Finance

1. Pre Shipment Finance and 2. Post Shipment Finance.

Pre Shipment Finance

1. Back to Back L/C (Inland and Foreign) 2. Export Cash Credit (ECC) 3. Packing Credit (PC)

Post Shipment Finance

1. Negotiation of Documents under L/C. 2. Purchase of DP & DA bills. 3. Advance against Export Bills surrendered for collection

Import Finance

Murabaha Import Bills (MIB) Murabaha Trust Receipt (MTR) Murabaha Post Import (MPI) Izara Bill Baia (IBB) etc.

Murabaha Import Bills (MIB)

When a L/C is established bank enters into a commitment of making payment upon submission of credit conform shipping documents towards the counter of L/C issuing Bank. When such documents received by the issuing bank, it is the duty of the issuing bank to carefully scrutinize/examine the shipping documents whether all terms and conditions of L/C are complied with according to the law of the land as well as international law. Subsequently bill amounts to be reimburse to the beneficiary through negotiating bank as per LC term.

Murabaha Trust Receipt (MTR)

i. Verify the sanction limit ii. Office note iii. Document Endorse favoring the Importer

Murabaha Post Import (MPI)

i. Verify the sanction limit ii. Office note iii. Document Endorse favoring the Importer

Izara Bill Baia (IBB)

i. Verify the sanction limit ii. Office note iii. Document Endorse favoring the Importer

Comparing EXIM Bank of BD with EXIM Bank of USA and Malaysia

Regular corporate banking of Export Import Bank of Bangladesh Limited is almost similar to these two banks. All of the corporate services provided by EXIM Bank of BD are also provided by these two banks also. But all of the corporate services related to export and import provided by these two banks (EXIM Bank of Malaysia & EXIM Bank of USA) are not provided by EXIM Bank of Bangladesh.

Additional services provided by EXIM Bank of Malaysia compare to EXIM Bank of BD

Asian Development Bank (ADB) EXIM Trade Finance Program Overseas Project / Contract Financing Facility Supplier Credit Facility Buyer Credit Facility Guarantee Facility Export Credit Refinancing (ECR) Scheme EXIM Overseas Guarantee Facility (EOGF) Overseas Project/Contract Financing IDB-CO Financing

Some additional services provided by EXIM Bank of USA compare to EXIM Bank of BD

Working Capital Guarantee Global Credit Express Pilot Loan Program Loan Guarantee & Direct Loan Direct Loan Supply Chain Finance Guarantee Program

Conclusion

During the last two decades Corporate Culture has become an important theme in business as an intangible concept. EXIM Bank giving their concentration on some activities. For example: 1. Education the inheritance of humanity 2. Side - by - side with the distressed 3. Beautiful City - Safe City 4. EXIM Bank Hospital

References

www.eximbankbd.com www.exim.gov www.exim.com.my