Export Import Bank of Bangladesh Limited
Job Category: Banking/Non-Banking
Job Source: The Daily Sun
Posted On: 2 Aug 2023
Application Deadline: 20 Aug 2023
The Export Import Bank of Bangladesh Limited (EXIM Bank) is a commercial bank in Bangladesh that focuses on providing financial services for international trade. Established in 1999, it has played a significant role in promoting and facilitating the country's export-import activities.
The primary objective of EXIM Bank is to support and enhance the country's export sector by providing various financial products and services. It offers a wide range of banking services, including trade finance, project finance, remittance services, and treasury operations. The bank aims to meet the financial needs of exporters, importers, and other stakeholders involved in international trade.
One of the key services provided by EXIM Bank is trade finance. It offers a variety of trade finance products such as letters of credit, guarantees, and documentary collections. These services help facilitate smooth transactions between exporters and importers, ensuring the timely and secure movement of goods and services across borders. The bank also provides financing options for exporters, including pre-shipment and post-shipment financing, which helps them manage their working capital requirements.
EXIM Bank also plays an important role in project finance, particularly in sectors such as infrastructure development, power generation, and manufacturing. It provides long-term financing options to support large-scale projects, contributing to the country's economic growth and development. The bank assesses the feasibility of projects and provides financial assistance based on their viability and potential impact on the economy.
In addition to its financing activities, EXIM Bank offers remittance services to facilitate the transfer of funds between Bangladesh and other countries. It has established correspondent banking relationships with various international banks, enabling customers to send and receive money quickly and securely. The bank also offers foreign currency exchange services, allowing customers to convert their money into different currencies as per their requirements.
EXIM Bank has a strong focus on customer service and strives to provide efficient and personalized banking solutions. It has a network of branches and ATMs across the country, ensuring easy accessibility for its customers. The bank also invests in technology and digital banking solutions to enhance customer experience and streamline its operations.
As a socially responsible institution, EXIM Bank actively participates in various corporate social responsibility initiatives. It supports education, healthcare, and environmental conservation programs, contributing to the overall welfare of society.
Over the years, EXIM Bank has received several accolades and recognition for its contribution to the banking industry. It has been awarded the Best Financial Institution Award by the Bangladesh Bank and recognized as the Best SME Bank in Bangladesh by Global Brands Magazine.
In conclusion, the Export Import Bank of Bangladesh Limited (EXIM Bank) plays a vital role in supporting and promoting the country's export-import activities. With its wide range of financial products and services, the bank facilitates smooth transactions, provides project financing, and contributes to the economic growth and development of Bangladesh.
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