Paper on

Documentation and Procedure in International Trade and

Business of Rupali Bank Ltd. A study on S.K. Road Corporate

Brach, Narayangonj.

By

Md. Mostahidur Rahman

The environment in banking industry has become highly competitive and banks are

now exposed to various types of financial and non-financial risks. Risks have become

multidimensional especially in Foreign Exchange business. Bangladesh Bank as a

central bank has been issuing guidelines on management of various types of risks

involved in foreign Exchange dealings.

Rupali Bank is very much concerned about the fast-changing environment, which is

becoming uncertain and risky due to integration of international markets. Bank is taking

all possible steps to properly address the issues, developing tools and techniques for

effective management of Trade Finance activities. Though bank has achieved

remarkable progress, still a lot needs to be done. There is no alternative but to develop

the officers themselves with greater efficiency in dealing Trade Finance activities.

Officers engaged in Foreign Exchange dealings and Trade Finance activities have to

improve their efficiency acquiring versatile knowledge regarding rules, regulations,

policy and applying appropriate tools/techniques related to Foreign Exchange and

Trade Finance activities as well.

Objective of the Study:

Facilitate simple and straight forward working methods.

Clarify the Policy & legal aspects related to Foreign Exchange dealings.

Evaluation of Export-Import Performance of Ruapli Bank Ltd. S.K. Road

Corporate Branch, Narayangonj.

The procedures involved in handling the various types of Trade Finance process and

activities are dealt with in this study for giving a better understanding and background

reference foreign trade activities. More emphasis has been given in this study on

practical aspects of the Trade Finance process and activities though necessary terms of

the foreign exchange are also defined and explained in an explicit manner. Various

types of methods, procedures involved in foreign exchange activities are tried to explain

in this manual in light of Foreign Exchange Regulation Act’ 1947, GFET-2009, Import-

Export Policy Order, UCP-600, URC-522, URR-725, ISBP-745 and in conformity

with the up to date circulars issued by Bangladesh Bank and Rupali Bank Ltd.

Letter of Credit, Parties & their responsibility in LC

Import-Export into/from Bangladesh are done through the arrangement under Letter of

Credit. LC is a definite undertaking of issuing Bank on behalf of its customer (Importer)

to pay certain amount to supplier (Exporter) within prescribed time limit under

complying presentation i.e. on fulfillment of the terms & conditions stipulated in the

credit.

Parties to LC

The following are the parties to LC

1. Importer/Buyer/Applicant

2. Exporter/Seller/Supplier/Beneficiary

3. L/C Issuing Bank/ Opening Bank

4. L/C Advising Bank

5. L/C Confirming Bank, if required

6. Nominated Bank/ Negotiating Bank

7. Reimbursing Bank/ Paying Bank

(4) to (7) may be of the same or different bank.

Importer/Buyer/Applicant: Importer/Buyer/Applicant is one who imports (buys)

goods and services and on whose request the LC is opened.

Exporter/Seller/Beneficiary: Exporter/Seller/Beneficiary is one who exports (sells)

the goods and services and in whose favor LC is issued.

Issuing Bank/Opening Bank: Issuing Bank/Opening Bank means the bank that

issues a credit at the request of an applicant or on its own behalf.

Advising Bank: Advising Bank means the bank that advises the credit at the request

of the issuing bank.

Confirming Bank: Confirming Bank means the bank that adds its confirmation to a

credit upon the issuing bank’s authorization or request. If the beneficiary desires

confirmation of a bank on the LC then the issuing bank authorizes and requests the

foreign bank to add their confirmation on the LC.

Nominated Bank/Negotiating Bank: Nominated Bank/Negotiating Bank means the

bank with which the credit is available or any bank in the case of a credit available

with any bank.

Reimbursing/Paying bank: Reimbursing/Paying bank means the bank that is

authorized by the issuing bank to make payment to the negotiating bank.

Responsibility &obligations of the parties to LC

Applicant/Importer

i) Importer has a responsibility to exporter to ensure that the LC is opened as per

terms of the sale contract/Proforma Invoice.

ii) As per article 18 (d) of UCP-600 applicant is liable to indemnify the bank against all

obligations and responsibilities imposed by foreign laws and usages.

Beneficiary/Exporter

i) Beneficiary has the obligation to make export and produce documents as

stipulated or required by the credit.

ii) As per article 4 (a) of UCP-600 beneficiary in no case avail itself of the contractual

relationships existing between banks or between the applicant and the issuing bank.

Issuing bank

As per article 7 of UCP-600

a) The issuing bank must honor complying presentation if the credit is available by

sight payment, deferred payment or acceptance with the issuing bank or other

nominated bank.

b) It undertakes to reimburse a nominated bank that has honored or negotiated a

complying presentation and forwarded the documents to the issuing bank.

Confirming bank

As per article 8 of UCP-600

a) The confirming bank must honor/negotiate complying presentation if the credit is

available by sight payment, deferred payment or acceptance with the confirming

bank or other nominated bank.

b) It undertakes to reimburse a nominated bank that has honored or negotiated a

complying presentation and forwarded the documents to the issuing bank.

Advising bank

Advising bank must satisfy itself about apparent authenticity of the credit or

amendment while advising the credit or amendment. If the advising bank cannot

satisfy itself as to the apparent authenticity of the credit, the amendment or the

advice, it must so inform, without delay, the bank from which the instruction is

received for advising.

Negotiating bank

As per article 2 of UCP-600 negotiation means the purchase by the nominated bank of drafts (drawn on a bank other than the nominated bank) and/or documents under a complying presentation, by advancing or agreeing to advance funds to the beneficiary on or before the banking day on which reimbursement issue to the nominated bank. Reimbursing bank

Reimbursing bank is normally the correspondent bank of the Issuing bank. Reimbursing bank makes payment or reimburses the negotiating bank upon authorization/request of issuing bank.

Types of LC based on Payment Mode

LC available at Sight: Sight Credit provides for sight payment to pay at sight. In the

international trade payment at sight means to pay within 21days from the date of

shipment.

LC available by deferred payment: Deferred LC provides for deferred payment

undertaking to pay on the maturity date(s) determinable in accordance with the

stipulations of the credit. Usually draft is not required for LC available with deferred

payment undertaking.

LC available by Acceptance: Acceptance Credit provides for acceptance to accept

draft(s) drawn by the beneficiary on the issuing bank and pay them at maturity.

Types of LC based on nature

I) Revolving Credit: Revolving Credit is available for given amount and is valid

for given period of time so that whenever a drawing is made under the credit is

automatically becomes available again for the full amount.

II) Red Clause Credit: Whenever a credit indicates that a given amount of the LC

may be advanced to supplier/exporter prior to shipment and which is typed on

the face of the credit in red ink is called Red Clause Credit. This type of LC is

not commonly used in our country.

III) Green Clause Credit: Any extension of the Red Clause Credit (a clause printed

or written in green is called Green Clause credit. This type of LC authorizing

the negotiating bank not only to make pre-shipment advance to the exporter but

also to provide facility for storage of the goods to be exported under the LC, in

the name of the LC opening bank till the goods are actually shipped. This type

of LC is not commonly used in our country.

IV) Stand by Letter of Credit: The stand by Letter of Credit is a documentary

credit or similar arrangement, however named or described, which represents

an obligation to the beneficiary on the part of the issuing bank to: a) Repay

money borrowed by the applicant or advanced to or for the account of the

applicant b) Make payment on account of any in debtness undertaken by the

applicant or c) Make payment on account of any default by the applicant in the

performance of an obligation.

V) Transferable credit: A transferable Credit is a credit under which the first

beneficiary of the LC may request the Transferring bank (authorized

specifically in the credit by the issuing bank) to make the credit available in

whole or in part to one or more other beneficiary (ies) called second beneficiary

(ies). According to Article 38 (d) of UCP-600 a transferred credit cannot be

transferred at the request of a second beneficiary to any subsequent beneficiary.

The first beneficiary is not considered to be a subsequent beneficiary.

VI) Back to Back LC: It is one kind of import LC which is issued against lien of

Master Export LC. In back to back LC, amount and shipment date are curtailed

than the original credit. The amount of the credit: This would leave margin of

profit for the exporter; and The validity and shipment dates: This would leave

sufficient time for the exporter to prepare and substitute his documents and

arrange for shipment to importer if the goods are supplied by the supplier to

him.

VII) UPAS LC: Usance but Payable at Sight (UPAS) LC is a special kind of LC that

benefits all the parties’ beneficiary, applicant, issuing bank, reimbursing bank

involved in LC under Trade arrangement. Bank issues this type of LC only on

behalf of its valued client having integrity and credit-worthiness. Before issuing

UPAS LC the prior financial arrangement/agreement should take place between

i) Applicant and Beneficiary ii) Applicant and Issuing bank iii) Issuing bank

and Reimbursing bank.

Documents commonly used in International Trade:

I) Proforma Invoice It is a memorandum of the terms of a contract of sale where

the seller offers the price quotation to a potential buyer. When the buyer

approves its terms then he/she sends a definite order for supply.

II) Bill of exchange is treated as a financial document through which seller can

obtain payment from the buyer for the invoiced value of the goods. As per

section 5 of the Negotiable Instrument Act 1881.

Parties to a bill of Exchange There are mainly 6 (six) parties are involved in Bill of

Exchange i) The drawer ii) The drawee iii) The payee iv) The endorser v) The endorsee

vi) The acceptor i) The drawer: the drawer is the person who draws the bill. ii) The

drawee : The drawee is the person (firm) on whom the bill is drawn iii) The payee: The

payee is the person to whom the bill is payable. iv) The endorser: The endorser is the

person who has placed his name and signature at the back of the bill with a view to

transfer the right of the bill. v) The endorsee: The endorsee is the person to whom the

bill is endorsed. vi) The Acceptor: The acceptor is the person who undertakes to pay

the usance/time bill by accepting the same.

III) Commercial Invoice It is the seller’s bill for the merchandise. It shows the sum

of money due to the exporter from the importer. A commercial invoice is made

out by the seller on his/her business letter head and contains usually the name

and address of the consignee, quantity, quality, unit price and total price of the

goods, shipping marks, LC No & date etc.

IV) Consular Invoice It is required by some countries for goods imported into

them. It is made out in a specially printed form of the shipper (exporter) and is

certified by the consulate of the importing country situated in the exporter’s

country.

V) Bill of Lading It is one of the most important documents in foreign trade. The

document evidencing the carriage of goods by sea is the bill of lading. It is

issued by carrier/master or by agent on behalf of the carrier/master. The Bill of

lading is usually drawn in sets of more than two negotiable copies.

VI) Airway Bill The document evidencing delivery of goods to an airline or its

agent for transportation by air. It is issued by carrier or by agent on behalf of

the carrier.

VII) Packing List It contains the details of goods contained in individual packages.

This helps in identifying the contents of specific packages and thus may

facilitate assessment by the customs.

VIII) Certificate of Origin A certificate of origin declares the place of actual

manufacture of the goods.

IX) GSP Certificate Many advanced country/developed countries allow entry to

the exporters of certain items of the developing countries at nil or reduced rates

of duty. This financial facility is termed as Generalized System of Preference

(GSP).

Establishment of LC

The proposed importer must be well known to the AD, if it is a new

customer, the AD should obtain certificate from other AD through

which the applicant imported earlier to the effect that no Bill of Entry is

due/overdue for submission by the importer.

The proposed importer is a good and reliable constituent and having the long

standing relationship with the bank.

Importer must have clean CIB.

Satisfactory credit report

Account is opened properly followed by A/C opening procedure with KYC

norms.

Documents to be obtained and verified

Valid Trade License

Valid IRC

TIN,VAT registration certificate

Membership certificate from Chamber/Trade association

Certificate of registration with RJSC (in case of Limited Company)

Certificate of Incorporation (in case of Limited Company)

Memorandum & Articles of Association (in case of Limited Company)

Resolution regarding borrowing, open & operate the account

Certificate of Commencement (in case of Public Limited Company)

Registered Partnership deed (in case of partnership firm)

Detailed particulars of Directors/Partners with photographs, voter ID card of

the company

Bonded Ware House license (where applicable)

Permission of the department of Environment

Fire License

Factory Inspection Certificate

BOI Approval

Ownership documents or rent receipts of the place of business.

Valid Drug License and indent/Proforma invoice duly approved by the

Director of Drug Administration for import of drugs and medicine.

For pharmaceutical raw and packing materials approval of the list with

corresponding amount from the Director of Drug Administration.

After verifying the

documents/papers and

completion of all

formalities, proposal for

opening LC with specific

recommendation is sent to

the competent authority for

approval as per prescribed

power schedule of the

bank.

Scrutinize the draft LC in

respect of following

whether the LC covers all

the expected points

properly in conformity

with LC Application &

Agreement form,

Indent/Proforma

Invoice/Contract and in

accordance with UCP-600,

Guidelines for Foreign

Exchange Transactions.

Amendment of Letter of Credit

After opening a letter of credit beneficiary or applicant of LC may observe that the

terms & conditions laid down in the credit are not adequate enough to serve the

purpose. Then the LC is needed to make some change or insert additional clause

to make the LC workable. If the beneficiary desires amendment then he informs

the applicant and the applicant requests the opening bank to issue amendment. In

some cases the applicant may in need to make some changes to the credit then he

requests the opening bank to issue amendment.

The customer normally asks for amendment on the following points

i. Extension of shipment & expiry date

ii. Increase/Decrease of LC value

iii. Change in description of goods

iv. Changing the mode of Transport

v. Change the place of loading/place of destination

vi. Change of certain terms & conditions of LC

vii. Change of supplier

viii. Insert of new clauses

Payment Against Document (PAD)

On receipt of the shipping documents from the negotiating bank, LC issuing bank

must be careful examining the documents to ensure that they conform to the terms

of the credit.

The issuing bank shall have maximum 05 (five) banking days following the day

of presentation to determine whether the presentation is complying according to

article 14(b) of UCP 600.

Discrepancy Checklist:

Bill of exchange

Must be drawn on issuing

bank

B/Exchange drawn for

correct Tenor (i.e. At

sight, 30days

sight,60 days sight, 90

days sight, etc as

specified in LC

Currency in which drawn

must agree to LC

Amount must not exceed

the amount available

under the

credit

Amount in figure and in

word must agree

Invoice

a) Signed Invoices must appear

to have been issued by the

beneficiary with requisite copies

b) Must be made out in the name

of applicant

c) Name & address of importer is

in conformity with mentioned in

LC

d) Description of commodity must be in conformity with that called for in LC

e) Must be made out in the same currency as the credit

f) Quantity must agree with specific tolerance permitted in the LC (if LC does not

state anything about tolerance then Article 30 of UCP- 600 will be applicable)

g) Price basis (CFR, FOB, CIF etc) is strictly as per LC

Bill of Lading/Air Way Bill/Courier Receipt, Post Receipt

a) Bill of Lading must be signed by the carrier/master/agent on behalf of the

carrier/master and the signature of the carrier/master/agent must be verified.

b) Bill of Lading must contain on Board Notation

c) Date of shipment must be within the period prescribed in LC

d) Port of shipment, port of destination, consignee, notify party as specified

in LC

e) B/L must be drawn to the order of and endorsed in fvg. of Consignee’s

bank B/L must show Freight prepaid/Freight to collect at destination

f) Description of merchandise must conform with LC, may be in general terms

only

g) Must be presented within the stipulated time mentioned in LC if it is not

specified in LC must be presented not later than 21 days after the date of

shipment but within the expiry date of LC AWB must indicate LC opening bank

as consignee, Flight No & date

h) Freight forwarder bill/House bill of lading/HAWB will not be acceptable if it is

not authorized in the LC. Transport by other means must be authorized in the

LC.

Discrepancy Notice

When an issuing bank determines that a presentation does not comply, it may in its

sole judgment approach the applicant for a waiver of the discrepancies.

Adjustment of PAD

PAD is adjusted instantly or within 21days (but no later than the arrival of the ship)

of initiation by debiting CD account of the importer maintained with AD/ other

means of agreed arrangement/Forced Loan.

Post Import Financing

Loan against Imported Merchandise (LIM)

LIM may be created in two ways

a) LIM at the request of Importer retaining margin prescribed on

Landed cost

b) Forced LIM

Loan against Trust Receipt (LTR)

At times import documents are handed over to the importer by allowing loan facility

against Trust Receipt for clearance of goods Trust Receipt (CF-18) is a document

of undertaking duly stamped and signed by the importer where importer undertakes

clearly to hold the

goods or the sale proceeds in trust for the bank till the loan allowed against

Trust Receipt is adjusted.

Reporting of Import Transactions

a) IMP Forms: After the remittance effected against import, the original IMP

form along with a copy of the customs certified invoice shall be forwarded to

the Bangladesh Bank with the usual monthly returns. The duplicate copy of IMP

form will be retained by the AD branch.

b) TM form: Remittances of Foreign bank charges related to import should be

reported to the Bangladesh Bank as usual with TM forms and necessary

supporting documents.

c) LCAF: Exchange Monitoring copy of the LCAFs, when fully utilized, to

be forwarded by the AD to Bangladesh bank.

Operational Procedure of Export and Scrutiny of Export Documents:

To export goods and services an exporter must have a export registration

certificate (ERC) issued

by CCI & E.

Export may be performed

by the exporter under the

following trade payment

methods

i) Export under

Irrevocable LC

a. At sight basis

b. Deferred/Usance basis

ii) Export under

Contract

a) Advance payment

b) Documentary

collection (D.P/D.A

basis)

Export Procedure

After receiving LC with request of advising from the issuing bank abroad the AD

branch as advising bank if satisfy itself with the authenticity of the LC should take

the following steps for

advising it to the

beneficiary

(exporter):

Particulars of LC

and all subsequent

amendments (if any) to be

recorded in the register

before advising it to the

beneficiary.

The advising bank

should carefully check up

the

a) Date of shipment

b) Date of expiry of

the LC

c) The name and full address of the reimbursing bank and note these in its records.

Confirmation of LC

If the advising bank is requested to add its confirmation then the advising bank

should be ensured that the issuing bank is its correspondent and LC confirmation

limit has already been sanctioned for this correspondent after proper verification of

their credit standing.

EXP certification

All exports from Bangladesh must be declared on the EXP form. EXP forms are in

quadruplicate will be supplied by the AD branch to its exporter clients. Before

certifying EXP,

Documents to be handed over to C& F agent:

The following documents are to be handed over to C & F agent for the purpose of

export:

EXP duly signed by the exporter/power of attorney and certified by the bank

Commercial invoice duly issued and signed by the exporter

Packing list

Insurance policy in case of export on CIF basis

VBF-9 (prescribed form of custom authority for declaration of Export cargo)

Shipment instruction-

o Description of goods

o Date in which the goods should be put on board of the ship.

o Name of the bank in Bangladesh to whose order BL/AWB will be

drawn.

o Full name and address of the consignee and notifying party

o Marks of the goods

o Freight clause

C & F agent has to arrange:

Booking of shipping space

Storage of export cargo at the port

Marking the shipping marks on each packet/container

Payment of port charges and freight

Preparing BL/AWB with necessary clauses

Disposal of EXP Form:

EXP forms certified by the AD, should be submitted to the customs/postal

authority along with the shipping bill at the time of shipment. The customs

authority after filling in the portion relating to them and affixing therein their

seal and signature will return the duplicate, triplicate and quadruplicate copies to

the exporter/his authorized agent. The original copy of EXP forms will be forwarded

by the customs authority to the respective office of the Bangladesh Bank.

Submission of export documents:

After the goods are shipped the exporter will submit the export documents as

per LC/Contract to the bank for negotiation/collection. The following documents

are commonly included in the export documents.

a) Bill of Exchange/Draft

b) Full set of original B/L/AWB

c) Commercial invoice duly issued and signed by the exporter

d) Packing list

e) Certificate of Country of Origin, if required.

f) GSP certificate (wherever necessary)

g) Original copy of LC/Contract

h) EXP forms (duplicate, triplicate & quadruplicate) certified by the customs

authority

i) Any other documents required as per export LC/Contract.

Negotiation/ Purchase of export documents

If the export documents presented by the exporter/shipper are found in order with the

terms and conditions of the LC then the export bill/documents may be

negotiated/purchased by the branch after obtaining necessary approval if required.

Forwarding the export documents

After negotiation documents are sorted, Bill of Exchange and Bill of Lading are

endorsed properly and then documents are forwarded in prescribed forwarding

letter to issuing bank or as per LC terms with claiming reimbursement mentioning

our Nostro A/C for crediting the amount.

Different modes of Reimbursement

Different modes of reimbursement may call for in the different export LC like:

a. We shall remit cover according to your instruction

In this type of reimbursement clause the negotiating bank will claim

reimbursement on the forwarding letter mentioning nostro a/c to which the amount will

be credited.

b. We authorize you to claim reimbursement from our a/c

Number with---------------------------------- (name of reimbursing bank)

In this type of reimbursement clause the negotiating bank will send separate

reimbursement claim to concerned reimbursing bank as per LC.

Reporting of duplicate EXP

DuplicateEXP is to be reported to Bangladesh Bank within 14 days of shipment.

Export Financing

Before extending export facility to an exporter AD branch should have preliminary

study on exporter in terms of following aspects.

a) The customer is a valued constituent of the branch

b) He is not a defaulter of the bank nor a guarantor of the defaulter

c) Clean CIB report of the customer

d) Bank does not have any adverse information about the party

e) Integrity, credit-worthiness and reputation of the exporter is satisfactory

f) The party should not have liability with other banks and if the party has

got liability with other banks NOC from those banks to be submitted

g) Credit Report of both exporter & importer

Pre-shipment credit

Pre-shipment financing facility may be extended to exporter in the following forms

i) Export Cash Credit Hypothecation

ii) Export Cash Credit Pledge

iii) Back to Back LC

iv)Packing Credit

Post-shipment credit

Post-shipment financing facility may be extended to exporter in the following forms

i) Foreign Bill Purchased/Negotiation of Export documents

ii) Inland Bill Purchased

iii) Bill discounting

iv) Loan/Advance against Foreign Bill for Collection

v) Loan/Advance against Inland Bill for Collection

Pre-Shipment Financing under EDF

Export Development Fund (EDF) has been established at Bangladesh Bank to facilitate

access to financing in foreign exchange for input procurements by manufacturer-

exporters mainly on sight payment basis.

Direct Exporters through AD branch may borrow foreign exchange for their

imported inputs based on confirmed & irrevocable LC opened by an overseas

buyer.

Indirect Exporters through AD branch may also borrow foreign exchange

for their imported inputs based on irrevocable Inland Back to Back LC

opened by direct exporters.

Tenor of EDF Loans

The tenor of the EDF loan will be the export production cycle or 180 days whichever

is shorter. It may be extendable by Bangladesh Bank up to 270 days upon application

to Bangladesh Bank explaining the necessity of longer period for repatriation of

export proceeds.

Interest rate on EDF

For AD branch: USD LIBOR+0.50% at six month chargeable by Bangladesh Bank. It

is changeable as per Bangladesh Bank Circular/Instruction

For Manufacturer- Exporters: USD LIBOR+1.50% at six month chargeable by AD

branch.

Eligibility for EDF loans:

i. Input imports by manufacturer-exporters must be in full compliance with the

value addition criterion and other requirements of the government’s Import Policy

Order (IPO) in force; and of foreign exchange regulations and instructions laid

down in the GFET 2009 and subsequent circulars of Bangladesh Bank.

ii. Input imports of a manufacturer-exporter defaulting in repatriation of export

proceeds within the statutory period (within 120 days from date of shipment, or

such extension as permitted by Bangladesh Bank) will not be eligible for financing

from EDF besides other usual regulatory penalties.

iii. The loans to manufacturer-exporters to be eligible for EDF financing must be

within the single borrower exposure limit prescribed by Bangladesh Bank.

iv. EDF financing will be admissible for input procurements against Back to Back

LCs/Inland Back to Back LCs in foreign exchange; by manufacturers producing final

output for direct export, and also by producers of local deliveries of intermediate

outputs to manufacturers of the final export.

Export-Import Performance of Ruapli Bank Ltd. S.K. Road Corporate Branch,

Narayangonj:

Rupali Bank Ltd. was constituted with the merger of 3 (three) erstwhile commercial

banks i.e. Muslim Commercial Bank Ltd., Australasia Bank Ltd. and Standard Bank

Ltd. operated in the then Pakistan on March 26, 1972 under the Bangladesh Banks

(Nationalization) Order 1972 (P.O. No. 26 of 1972), with all their assets, benefits,

rights, powers, authorities, privileges, liabilities, borrowings and obligations. Rupali

Bank worked as a nationalized commercial bank till December13, 1986. Rupali Bank

Ltd. emerged as the largest Public Limited Banking Company of the country on

December 14, 1986.

S.K. Road Corporate branch is an Authorized dealer corporate branch of Narayangonj

which is located at 25, S.K. Road, Narayangonj. These branch is the leading exporter

among all other branch of Rupali Bank ltd and awarded for Best Exporter Performance

award based on performance of year 2015. Few analyses regarding export import

performance of that branch has shown below:

Month wise Import Performance ( January 01,2014 to December 31,2014)

Name of the Month USD In BD Taka

January $ 6,194,372.47 485,019,364

February $ 4,756,662.17 372,446,648

March $ 4,721,318.76 369,679,259

April $ 5,353,799.20 419,202,477

May $ 5,024,647.98 393,429,937

June $ 3,245,753.15 254,142,472

July $ 6,029,437.36 472,104,945

August $ 3,838,166.00 300,528,398

September $ 4,474,508.90 350,354,047

October $ 2,940,630.00 230,251,329

November $ 3,469,936.00 271,695,989

December $ 4,523,337.00 354,177,287

$ 54,572,568.99 4,273,032,152

Month wise Export Performance ( January 01,2014 to December 31,2014)

Name of the Month USD In BD Taka January $ 7,718,749.96 598,511,872

February $ 7,118,113.34 551,938,508

March $ 5,709,258.09 442,695,872

April $ 7,848,497.85 608,572,523

May $ 5,815,640.32 450,944,750

June $ 6,768,837.81 524,855,684

July $ 5,662,154.10 439,043,429

August $ 4,364,801.00 338,446,670

September $ 4,096,797.00 317,665,639

October $ 5,223,358.00 405,019,179

November $ 4,545,452.00 352,454,348

December $ 7,278,266.00 564,356,746

$ 72,149,925.47 5,594,505,220

According to above graph Export was in highest position in the month of April &

Import was apex in month of January.

Month wise Trade Balance for the year of 2014

Name of the Month Export Import Balance

January 598511872 485,019,364 113,492,508

February 551938508 372,446,648 179,491,860

March 442695872 369,679,259 73,016,613

April 608572523 419,202,477 189,370,046

May 450944750 393,429,937 57,514,813

June 524855684 254,142,472 270,713,212

July 439043429 472,104,945 -33,061,516

August 338446670 300,528,398 37,918,272

September 317665639 350,354,047 -32,688,408

October 405019179 230,251,329 174,767,850

59

85

11

87

2

551938508

44

26

95

87

2

60

85

72

52

3

45

09

44

75

0

52

48

55

68

4

43

90

43

42

9

33

84

46

67

0

31

76

65

63

9

40

50

19

17

9

35

24

54

34

8

564356746

48

50

19

36

4

37

24

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64

8

36

96

79

25

9

41

92

02

47

7

39

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93

7

25

41

42

47

2

47

21

04

94

5

300528398

35

03

54

04

7

23

02

51

32

9

27

16

95

98

9

35

41

77

28

7

0

100000000

200000000

300000000

400000000

500000000

600000000

700000000

EXPORT-IMPORT COMPARISM FOR THE YEAR OF 2014

Export Import

November 352454348 271,695,989 80,758,359

December 564356746 354,177,287 210,179,459

Total 5594505220 4,273,032,152 1,321,473,068

S.K. Road corporate branch, Narayangonj was in negative trade balance in the month

of July and September’14 but overall trade balance was surplus which is around 13.01

Crore taka end of the year.

Party wiseExport Performance ( January 01,2015 to December 31,2015)

Name of the Month USD In BD Taka

January $ 6,668,573.00 517,081,150

February $ 9,339,121.00 724,155,442

March $ 7,805,716.00 605,255,219

April $ 7,587,370.00 588,324,670

May $ 6,616,747.00 513,062,562

June $ 7,836,692.00 607,657,098

July $ 6,991,146.00 542,093,461

August $ 5,441,032.00 421,897,621

September $ 4,163,334.00 322,824,918

October $ 7,333,920.00 568,672,157

November $ 6,893,675.00 534,535,560

December $ 8,491,628.00 658,440,835

$ 85,168,954.00 6,604,000,693

Party wise Import Performance ( January 01,2015 to December 31,2015)

Name of the Month USD In BD Taka

January $ 6,302,852.00 488,723,144

February $ 5,824,282.02 451,614,828

March $ 6,697,036.00 519,288,171

April $ 5,978,489.00 463,572,037

May $ 4,570,034.00 354,360,436

June $ 6,745,176.00 523,020,947

July $ 4,574,055.00 354,672,225

August $ 6,549,654.00 507,860,171

September $ 5,368,235.79 416,253,003

October $ 4,850,875.00 376,136,848

November $ 3,991,380.00 309,491,605

December $ 6,017,872.00 466,625,795

$ 67,469,940.81 5,231,619,210

In the year of 2015 export was highest in month of February import figure rised in

month of June.

In compare export import business of branch of 2015 trade balance was negative in

August and September but overall surplus was around 13.72 Crore.

Import-Export Business Compares between 2014 and 2015.

Import Export

2014 2015 2015 2015

Name of

the Month In BD Taka In BD Taka

Import

Fluctuation In BD Taka In BD Taka

Export

Fluctuation

January 485,019,364 488,723,144 3,703,780 598,511,872 517,081,150 -81,430,722

February 372,446,648 451,614,828 79,168,180 551,938,508 724,155,442 172,216,934

March 369,679,259 519,288,171 149,608,912 442,695,872 605,255,219 162,559,347

Trade Balance for the year of 2015

Name of the Month Export Import Balance

January 517081150 488,723,144 28,358,006

February 724155442 451,614,828 272,540,614

March 605255219 519,288,171 85,967,048

April 588324670 463,572,037 124,752,633

May 513062562 354,360,436 158,702,126

June 607657098 523,020,947 84,636,151

July 542093461 354,672,225 187,421,236

August 421897621 507,860,171 -85,962,550

September 322824918 416,253,003 -93,428,085

October 568672157 376,136,848 192,535,309

November 534535560 309,491,605 225,043,955

December 658440835 466,625,795 191,815,040

Total 6604000693 5,231,619,210 1,372,381,483

517,0

81,1

50

724,1

55,4

42

605,2

55,2

19

588,3

24,6

70

513,0

62,5

62

607,6

57,0

98

54

2,0

93

,46

1

421,8

97,6

21

322

,824

,918

568,6

72,1

57

534,5

35,5

60

658,4

40,8

35

48

8,7

23

,14

4

45

1,6

14

,82

8

51

9,2

88

,17

1

46

3,5

72

,03

7

35

4,3

60

,43

6

52

3,0

20

,94

7

35

4,6

72

,22

5

50

7,8

60

,17

1

41

6,2

53

,00

3

37

6,1

36

,84

8

30

9,4

91

,60

5

46

6,6

25

,79

5

E XP O R T - I M P O R T C O M P A R I S M F O R T H E Y E A R O F 2 0 1 5

Export Import

April 419,202,477 463,572,037 44,369,560 608,572,523 588,324,670 -20,247,853

May 393,429,937 354,360,436 -39,069,501 450,944,750 513,062,562 62,117,812

June 254,142,472 523,020,947 268,878,475 524,855,684 607,657,098 82,801,414

July 472,104,945 354,672,225 -117,432,720 439,043,429 542,093,461 103,050,032

August 300,528,398 507,860,171 207,331,773 338,446,670 421,897,621 83,450,951

September 350,354,047 416,253,003 65,898,956 317,665,639 322,824,918 5,159,279

October 230,251,329 376,136,848 145,885,519 405,019,179 568,672,157 163,652,978

November 271,695,989 309,491,605 37,795,616 352,454,348 534,535,560 182,081,212

December 354,177,287 466,625,795 112,448,508 564,356,746 658,440,835 94,084,089

4,273,032,152 5,231,619,210 958,587,058 5,594,505,220 6,604,000,693 1,009,495,473

Here we compare between export of 2014 and 2015 and import between 2014 and

2015.

Party wise Import Performance (January 01, 2016 to October 31, 2016)

Name of the

Client January February March April May June July August September October

Total

Import in

USD

Import in

BDT

AbantiColor Tex

Ltd

$6,538,045.00

$6,022,275.00 $5,054,958.00 $3,193,274.00 $8,061,386.00 $5,689,931.16 $3,277,213.85 $6,759,365.75 $3,087,470.85 $6,175,751.95 $

53,859,671.56 4,201,054,382

Latest Fashion $

185,577.00 $ 303,293.00 $ 261,572.00 $ 409,988.00 $ 209,136.00 $ 438,175.90 $ 117,151.28 $ 408,760.54 $ 83,714.16 $ 131,801.00

$

2,549,168.88 198,835,173

FourknitwearPvt.

Ltd $

80,026.00 $ 341,703.00 $ 138,791.00 $ 112,015.00 $ - $ 122,635.00 $ 252,470.20 $ 358,159.80 $ 125,990.06 $ 162,528.30

$

1,694,318.36 132,156,832

J N Apparels

Pvt. Ltd $ - $ 49,152.00 $ 310,322.00 $ 129,999.00 $ 64,000.00 $ - $ - $ 106,816.36 $ - $ 70,447.52

$

730,736.88 56,997,477

Knit Reign $ 30,495.00

$ 54,890.00 $ 148,007.00 $ - $ 61,290.00 $ 24,070.00 $ 116,654.25 $ 81,339.50 $ 33,652.65 $ 229,981.98 $

780,380.38 60,869,670

M S Knit Pvt.

Ltd $

63,945.00 $ 9,820.00 $ 32,748.00 $ - $ 18,621.00 $ 92,576.05 $ 17,202.50 $ 42,399.00 $ 16,935.00 $ 99,698.20

$

393,944.75 30,727,691

Amana Textile $

109,395.00 $ - $ - $ 137,970.00 $ - $ 321,567.50 $ - $ 119,970.00 $ - $ -

$

688,902.50 53,734,395

East coast

Knitwear Pvt.

Ltd

$

39,450.00 $ 82,063.00 $ 267,278.00 $ 269,896.00 $ 38,400.00 $ 35,000.00 $ 81,800.00 $ 284,798.12 $ - $ 120,252.16

$

1,218,937.28 95,077,108

Prominent

Apparels Ltd $

158,269.00 $ 112,115.00 $ - $ - $ - $ - $ - $ - $ - $ -

$

270,384.00 21,089,952

H.N. Apparels

Ltd $

637,197.00 $ 264,456.00 $ 392,071.00 $ 105,455.00 $ 281,971.00 $ 432,099.34 $ 225,042.50 $ 360,079.89 $ 136,745.50 $ 382,321.30

$

3,217,438.53 250,960,205

Raj Rubber &

Plastic Indus.

Ltd

$ - $ - $ 35,180.00 $ 28,650.00 $ 15,900.00 $ - $ - $ 80,105.00 $ - $ - $

159,835.00 12,467,130

T-Shirt Fashion

Ltd. $

120,551.00 $ 220,467.00 $ 75,250.00 $ - $ 25,196.00 $ - $ - $ - $ 41,690.00 $ 123,740.05

$

606,894.05 47,337,736

N.M. Fashion

Ltd $ - $ 61,492.00 $ 190,977.00 $ 65,465.00 $ 4,050.00 $ 39,975.00 $ 16,000.31 $ 97,551.92 $ 6,000.00 $ 90,880.37

$

572,391.60 44,646,545

Essential

Knitwear Ltd $ - $ - $ 1,725.00 $ - $ - $ - $ - $ - $ - $ -

$

1,725.00 134,550

Total in USD $7,962,950.00

$7,521,726.00 $6,908,879.00 $4,452,712.00 $8,779,950.00 $7,196,029.95 $4,103,534.89 $8,699,345.88 $3,532,198.22 $7,587,402.83 $

66,744,728.77 5,206,088,844

Total in BDT 621,110,100 586,694,628 538,892,562 347,311,536 684,836,100 561,290,336 320,075,721 678,548,979 275,511,461 591,817,421

Above graph shows the import share between January’16 to October’16.

4,2

01

,05

4,3

82

19

8,8

35

,17

3

13

2,1

56

,83

2

56

,99

7,4

77

60

,86

9,6

70

30

,72

7,6

91

53

,73

4,3

95

95

,07

7,1

08

21

,08

9,9

52

25

0,9

60

,20

5

12

,46

7,1

30

47

,33

7,7

36

44

,64

6,5

45

13

4,5

50

0

500,000,000

1,000,000,000

1,500,000,000

2,000,000,000

2,500,000,000

3,000,000,000

3,500,000,000

4,000,000,000

4,500,000,000

Ab

anti

Co

lor

Tex

Ltd

Late

st F

ash

ion

Fou

rkn

itw

ear

Pvt

. Ltd

J N

Ap

par

els

Pvt

. Ltd

Kn

it R

eig

n

M S

Kn

it P

vt. L

td

Am

ana

Text

ile

East

coas

t K

nit

wea

r P

vt. L

td

Pro

min

ent

Ap

par

els

Ltd

H.N

. Ap

par

els

Ltd

Raj

Ru

bb

er &

Pla

stic

Ind

us.

Ltd

T-Sh

irt

Fash

ion

Ltd

.

N.M

. Fas

hio

n L

td

Esse

nti

al K

nit

wea

r Lt

d

Import Performance

January 01 to October 31

Party Wise Export Performance from January 2016 to October 31, 2016

Name of the

Client JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER

Total Export

in USD

Export in

BDT

AbantiColor Tex

Ltd $ 4,412,469.00

$ 5,631,508.00

$ 6,734,156.44

$ 4,354,377.00

$ 6,807,390.94

$ 7,829,952.29

$ 4,437,093.71

$ 6,267,754.83

$ 3,661,127.64

$ 6,487,438.06

$

56,623,267.91 4,416,614,897

Latest Fashion $

153,313.00

$

674,610.00

$

447,115.25

$

444,289.00

$

486,925.00

$

479,798.29

$

196,053.77

$

452,378.99

$

290,612.91

$

275,525.19 $

3,900,621.40 304,248,469

FourknitwearPvt.

Ltd $

434,075.00

$

369,815.00

$

275,321.49

$

269,162.00

$

423,226.00

$

164,963.58

$

98,412.04

$

131,809.00

$

87,701.50

$

39,092.35 $

2,293,577.96 178,899,081

J N Apparels

Pvt. Ltd $ 158,745.00

$ 94,656.00

$ 112,452.37

$ 72,706.00

$ 251,475.00

$ 379,821.14

$ 16,614.40 $ -

$ 92,749.20

$

1,179,219.11 91,979,091

Knit Reign $

143,338.00

$

108,019.00

$

40,626.72

$

99,500.00

$

169,274.00

$

96,936.50

$

108,494.40

$

98,388.50

$

43,210.20

$

111,546.10 $

1,019,333.42 79,508,007

M S Knit Pvt. Ltd

$ 14,219.00

$ 32,448.00

$ 56,730.70

$ 48,840.00

$ 10,200.50

$ 21,743.20

$ 19,503.60

$ 74,009.40

$ 28,384.00

$

306,078.40 23,874,115

Amana Textile $

136,181.00

$

163,972.00

$

129,595.91

$

124,070.00

$

139,410.00

$

73,150.00

$

38,300.00

$

183,985.00

$

251,430.00

$

79,994.00 $

1,320,087.91 102,966,857

Eastcoast Knitwear Pvt.

Ltd

$

13,862.00

$

207,352.00

$

22,826.50

$

123,582.00

$

289,684.00

$

274,566.13

$

277,342.51

$

103,879.39

$

103,174.44

$

203,477.58 $

1,619,746.55 126,340,231

Prominent

Apparels Ltd $

122,657.00

$

147,357.00

$

77,681.16

$

42,590.00

$

18,806.00 $ - $ - $

409,091.16 31,909,110

H.N. Apparels Ltd

$ 539,441.66

$ 800,680.82

$ 576,461.63

$ 344,926.11

$ 437,152.00

$ 241,104.10

$ 177,733.00

$ 555,654.00

$ 308,413.42

$ 524,521.94

$

4,506,088.68 351,474,917

T-Shirt Fashion Ltd.

$

127,256.00

$

86,612.00

$

157,807.46

$

152,741.00

$

112,786.00

$

173,521.28

$

109,704.00 $ - $ - $

920,427.74 71,793,364

N.M. Fashion Ltd

$ 25,892.00

$ 74,491.00

$ 107,016.00

$ 54,883.00

$ 103,360.37

$ 55,571.28

$ 116,628.61

$ 65,269.02 $ -

$

603,111.28 47,042,680

Total in USD $

6,281,448.66

$

8,391,520.82

$

8,630,775.63

$

6,183,799.11

$

9,191,011.94

$

9,827,374.18

$

5,410,743.91

$

8,056,300.32

$

4,884,948.53

$

7,842,728.42 $

74,700,651.52 5,826,650,819

Total in BDT 489,952,995 654,538,624 673,200,499 482,336,331 716,898,931 766,535,186 422,038,025 628,391,425 381,025,985 611,732,817

Above graph shows the export share between January’16 to October’16.

The banking sector of Bangladesh is in its growth stage. The banks of Bangladesh are a major source

of revenue for the Government and are a very large employer of people. The banks were seen as the

cash cow for the economy and funds for the Government growth targets for sectors of the economy

could be channeled through the banking system. Export and import are playing key role to our

country’s economy and each of bank is behind this massive success.

4,4

16

,614

,897

30

4,2

48

,469

17

8,8

99

,081

91

,97

9,0

91

79

,50

8,0

07

23

,87

4,1

15

10

2,9

66

,857

12

6,3

40

,231

31

,90

9,1

10

35

1,4

74

,917

71

,79

3,3

64

47

,04

2,6

80

Ab

anti

Co

lor

Tex

Ltd

Late

st F

ash

ion

Fou

rkn

itw

ear

Pvt

. Ltd

J N

Ap

par

els

Pvt

. Ltd

Kn

it R

eig

n

M S

Kn

it P

vt. L

td

Am

ana

Text

ile

East

coas

t K

nit

wea

r P

vt.

Ltd

Pro

min

ent

Ap

par

els

Ltd

H.N

. Ap

par

els

Ltd

T-Sh

irt

Fash

ion

Ltd

.

N.M

. Fas

hio

n L

td

Export Performance January 01,16 to October,16