Foreign exchange operation: a study on Bank Asia Lmited

Financial institution plays significant role in development of the business activities. Specially bank has significant contribution foreign exchange activities in any country. Foreign exchange operation looking at the export and import perspective of the banks. The aim of the paper is to review and evaluate the foreign exchange operation of Bank Asia Limited, Bangladesh. More specially, looking at the bank ‘s overview, profile, documentations for the foreign exchange operation, and its performance evaluation. The information related to the foreign exchange operation has been collected from the banks directly as well financial statement of the bank during 2014. The study has reviewed and discussed general overview and banks profile, import and export operation, proper documentations as well performance evaluation of the Bank Asia limited. Based on the evaluation it is seen that Bank Asia Limited is doing well in performing foreign exchange activities. Their role in facilitating forex activities to the customer is uncountable. Specially, documentation preparation time is no longer even less than 7 days. However, the length of the forex transection is higher since the filling documentation time is lower. Finally, this report will beneficial for the banks as well the student who are analysis on the same topic.