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Internship Report on Uttara Bank’s Financial & Foreign Exchange Analysis
I completed a 3 month internship program at Uttara Bank Limited from June 4 to September 3, 2023, under the supervision of both the bank and my university. The internship took place at the bank’s Foreign Exchange Branch where I had the chance to observe and learn from various departments.
The main goal of this report is to review Uttara Bank’s overall financial performance and foreign exchange operations. It focuses on analyzing the bank’s financial trends and key ratios over the last five years. The report also touches on how the bank manages foreign exchange and includes some suggestions for possible improvements.
| Report Title : | Internship Report on Uttara Bank’s Financial & Foreign Exchange Analysis. |
| University Name : | BRAC University |
| Submitted To : | Ms. Sharmin Shabnam Rahman |
| Submitted By : | Md. Romman Islam |
| Total Page : | 108 |
Overview of Uttara Bank Ltd.
Uttara Bank began its journey on January 8, 1965, originally known as Eastern Banking Corporation, serving the financial needs of East Pakistan. Today, it’s one of Bangladesh’s oldest and leading private commercial banks. Azharul Islam is the Chairman, while Mohammed Rabiul Hossain leads as the Managing Director and CEO. As of September 2024, the bank has 249 online branches, 47 sub-branches, and works with 397 foreign correspondent banks around the world.
Business Activities of Uttara Bank Ltd.
Uttara Bank Ltd focuses on customer satisfaction by offering a wide range of financial services to individuals, businesses, and institutions. Here’s a brief look at its core services:
Deposit Products:
- Savings Accounts – Regular savings with attractive interest.
- Current Accounts – Ideal for frequent transactions; no interest.
- Fixed Deposits (FDR) – Higher returns for fixed-term deposits.
- Special Schemes – Includes Monthly Deposit, Double Benefit, Pension-based plans, and Monthly Benefit schemes.
- Foreign Currency Accounts – Options for both resident and non-resident clients, including NFCD, FCCD, and RFCD accounts.
Loan & Credit Facilities at Uttara Bank Ltd.
- Personal & Consumer Loans – For daily expenses, travel, weddings, or buying home appliances.
- Vehicle & Home Loans – Includes car/motorcycle loans and housing finance, including special schemes like Uttaran Home Loan and support for freedom fighters.
- Education Loans – Helps students fund their academic goals.
- Doctor’s Loan – Special financing for medical professionals.
- Foreign Employment Loan – For those seeking jobs abroad.
- Home Repair Loans – For renovation or home improvement.
- SME Support – Loans like USBL, NSRP, and USSDPL to grow small and medium businesses.
- Business Loans – Working capital, fixed term, and lease finance for business operations or asset purchases.
- Agriculture & Green Financing – Loans to support farming and eco-friendly projects.
Digital & Card Services of Uttara Bank Ltd.
- You can do most banking stuff online now — like checking your balance, sending money, or paying bills through internet banking.
- If you want quick updates, the SMS service sends alerts straight to your phone.
- The bank gives debit and credit cards, so you can pay in shops or online without carrying cash.
- Need cash? Just head to one of their ATMs — they’ve got plenty across the country.
Treasury & Investment Services of Uttara Bank Ltd.
- Foreign Exchange Services: The bank offers spot and forward deals, currency swaps, corporate trading options, and term placements for clients dealing in foreign currencies.
- Money Market Products: Services include call money lending, term deposits like FDR, treasury lines, and transactions under REPO or reverse REPO agreements.
- Fixed Income Trading: Uttara Bank actively works as a Primary Dealer in government securities.
- Treasury Bills & Bonds: Clients can invest in short- and long-term government instruments based on their goals.
International & Remittance Services of Uttara Bank Ltd.
- International Banking: Uttara Bank works with 397 foreign banks and exchange houses worldwide.
- Home Remittance: Offers several options including Express Payment, Instant Cash, and Instant Draft schemes.
- Foreign Currency Accounts: Provides accounts like NFCD, FCCD, RFCD, and Non-Resident Investment Taka Account (NRITA) for residents and non-residents.
Capital Market Services of Uttara Bank Ltd.
Uttara Bank Securities Ltd. (UBSL) provides..
- Stock brokerage services via the Dhaka Stock Exchange.
- Help with applying for Initial Public Offerings (IPO).
- Facilities for Non-Resident Investors through the Taka Account (NITA).
Financial Statement of Uttara Bank Ltd of Bangladesh.
Uttata Bank Ltd. has released they are financial statements for the year ending of December 31, 2024. Below is a summary of key financial highlights.
All Annual Reports of Uttara Bank Ltd. Please Click Here or, https://www.uttarabank-bd.com/home/annualreports
Objective of the project.
This report has two main objectives: a general one and specific ones.
General Objective: To successfully complete the internship program required by the MBA course at BRAC University. The internship provides hands-on experience by working in a real business for three months.
Specific Objectives: To analyze Uttara Bank Limited’s financial performance and foreign exchange activities. The report aims to connect theoretical knowledge with real-world business practices, helping the intern understand practical challenges faced by the bank.
Methodology of the Report.
For this report, I followed some simple steps. First, the supervisor chose the topic and gave me tips to organize it right. Then, I looked for information from two places. One was my own experience and observations — that’s primary data. The other was from books, reports, and websites — that’s secondary data.
After collecting everything, I sorted it out, studied it, and picked out the important parts for the report.
Primary Sources of Data.
- Direct conversations with bank officers during the internship.
- Hands-on experience from visiting various desks at the bank.
- Talking directly with clients.
- Conducting interviews.
Secondary Sources of Data.
- Annual reports published by Uttara Bank Limited.
- Circulars from the Head Office and Bangladesh Bank.
- Relevant books and papers.
- Official bank records.
- The official website of Uttara Bank.
- Previous research reports.
Conclusion
This study helps bank managers understand key activities that can boost financial performance and improve foreign exchange operations. Uttara Bank Limited focuses on important banking services that can strengthen its position and ranking compared to other banks.
