BANKING DIPLOMA EXAMINATION
Banking Diploma Courses in Bangladesh under The Institute of Bankers, Bangladesh(IBB)
Business Communications-JAIBB
Sample: Banking (22) Letters-4
Letters Writing:
Banking Sample Letters(22)
As a manager of a bank branch write in reply to a prospective
customer about loan facilities for SMEs.
Agrani Bank
Nawabpur Branch
36 Nawabpur Road, Dhaka 1000
Tel: 957 3053 Fax: 957 3054
Email: abnp@agranibank.org
Our Ref: AG/Nawab/LQA/233/09
Sunday, May 23, 2010
Mr. Zubair Ahmed
Paragon Hardware Mart
39, Nawabpur Road,
Dhaka 1000
SUB: YOUR ENQUIRY ABOUT LOAN FACILITIES FOR SMEs
Dear Sir:
In response to your letter dated
April 29, 2010 we like to inform you that Agrani Bank is one of the large
commercial banks operating in Bangladesh
for a long time and a pioneer in providing a variety of loans and credits for
industrial growth and poverty alleviation.
We provide SME loans for anything that relates to manufacturing
goods, trading and service industries which are permissible according to credit
policy of our bank.
Depending on your experience and expertise you may apply for an
SME loan for any business that suits you. The salient features of our SME loan:
Þ Loan Ceiling: BDT 3 lac to 10 lac
Þ Product Type: Equated Monthly Installment (EMI) or Single
Installment
Þ Tenure: EMI in 12 to 36 months or by a Single Installment
Þ Maximum Loan amount: Required loan amount, but not exceeding Taka
50 lac
Þ Interest Rate: 13% and in case of agro-based SME 9%
Þ Security: Hypothecation on assets, two personal guarantees &
post dated cheques
For details about the products of our SME loans please visit our
website: www.agranibank.org or you may please take the trouble to visit our
branch office during office hours.
We are proud to serve you. Thank you, sir.
Sincerely
Maswood Alam Khan
Manager
________________________________________________________________________________________
Write a draft of the minutes of the Board meeting of your bank in
which SME loan facilities were approved
One Bank
Board Division, Head Office, Dhaka
Telephone: 02-988 3324 Facsimile:
02-988 3325
Email: oneboard@onebank.com
Ref: Board Meeting/Minutes/SME/M-39/10 Strictly Confidential
Sunday, May 23, 2010
MINUTES OF THE BOARD
MEETING IN WHICH SME LOAN FACILITUIES WERE APPROVED
In pursuance of the Circular
Number 33 dated 12 March 2010 of Bangladesh Bank and in accordance with the
government’s directive to encourage entrepreneurs in Small and edium
Enterprises (SME) One Bank in its 235th Credit Committee meeting held on May 12, 2010 recommended, which
has been approved by the Managing Director, to disburse a total amount of Taka
500 crore among at least 5000 entrepreneurs as SME loans under the following
terms and conditions. The details of the loan scheme are mentioned in Annexure
A, B and C. The recommended SME loan scheme is placed for approval by the Board
of Directors in the meeting being held on May 23, 2010:
Þ Loan Ceiling: BDT 3 lac to 10 lac
Þ Maximum Loan amount: Required loan amount, but not exceeding Taka
50 lac
Þ Areas of SME: Any manufacturing or service industry and trading
that can employ at
least 10 people
as wage earners
Þ Preference to be given to those trades and industries which can
produce products and
services as
substitutes of any product that are imported from abroad
Þ Product Type: Equated Monthly Installment (EMI) or Single
Installment
Þ Tenure: EMI in 12 to 36 months or by a Single Installment
Þ Interest Rate: 13%
Þ Security: Hypothecation on assets, two personal guarantees &
post dated cheques
MEMO NO-39/10 RESOLVED: All the
members of the Board present in the meeting held on May 23, 2010 thoroughly
have discussed each and every term and condition of the proposed SME Loan cheme
and unanimously approved the same to be made effective from the first day of
July, 2010. The Board however approved Taka 1000 crore, instead of Taka 500
crore to be disbursed among as many entrepreneurs as possible instead of among
5000 entrepreneurs, each with a minimum of Taka 5, 00,000. Any SME loan above
Taka 10, 00,000, the Board decided, has to be approved by the Managing Director
and any SME loan exceeding Taka 30, 00,000 by the Board.
Parimal Kanti Debnath
Board Secretary
Chairman, Board of Directors
________________________________________________________________________________________
In reply to a request from the Institute of Business
Administration, Dhaka, write
in affirmative that your bank can accommodate maximum five students for
internship with some conditions.
Agrani Bank
Head Office, Personnel Division
Motijheel Commercial Area, Dhaka 1000
Tel: 957 3053 Fax: 957 3054
Email: abpd@agranibank.org
Our Ref: Internship/25/IBA/10
Sunday, May 23, 2010
Director
Institute of Business Administration
University of Dhaka, Dhaka
SUB: INTERNSHIP
Dear Sir:
It is a pleasure to receive your letter dated May 21, 2010
requesting us to allow 10 students of your esteemed institute to do their
internship on banking business in our bank.
As you know, we have many branches in Dhaka
city where there are not enough additional chairs and tables where we can accommodate many students to do their
internship. Moreover, we have already granted about 150 students from different
schools of business and management of different colleges and universities who
are at present doing their internship in the city branches.
We can accommodate 10 students of your institute to do their
internship if they are interested to attend our branches in Munshiganj or
Manikganj. But as you requested us to accommodate them in Dhaka city we can
allow a maximum of five students to do their internship in five different
branches located in Dhaka city on the following
conditions:
01. The students must follow the rules and regulations as being
practiced by our bank
02. Each student will be given Taka 150 everyday as lunch
allowance
03. An internee may avail of the staff bus for his/her commuting
to and from the branch
04. The student will have to work in each department the way a
probationary officer works
05. The bank holds the right to cancel the approval of a student’s
internship in our bank if
s/he is found indulged in any activity that is contrary to our
decorum and discipline
If your authority agrees to the above conditions you are requested
to send the students with your letters of recommendations to the undersigned on
or before 27th of this month.
Thank you so much.
Sincerely
Maswood Alam Khan
Deputy General Manager
________________________________________________________________________________________
Write a certificate to the effect that a certain student has
completed internship in your bank showing the extent of experiences he has
gathered.
One Bank
Purana Paltan Branch, Dhaka
Telephone: 02-988 3324 Facsimile:
02-988 3325
Email: onebankpp@onebank.com
Our Ref: Internship Certificate/29/10
Sunday, May 23, 2010
To whom it may concern
This is to certify that Mr. Mesbahul Islam Chowdhury, a final year
student of the Department of Finance, University of Dhaka,
has successfully completed his one-month long internship in our Purana Paltan
Branch from 01 March till 30 March, 2010.
During his internship he showed extraordinary diligence and
sincerity in performing his jobs assigned by the undersigned. He showed his
keen interest in the Accounts Department and to our surprise he acquired acumen
in almost all the sections of our branch. During his internship he often on his
own used to enter data in different ledgers and books of accounts flawlessly.
We wish him success in his professional career after completion of
his studies in the Finance Department of the University of Dhaka.
Maswood Alam Khan
Manager
________________________________________________________________________________________
Write from the central bank to the Managing Director of a
commercial bank regarding non-realization of export proceeds in a large number
of cases.
Bangladesh Bank
Foreign Exchange Department
Head Office, Motijheel, Dhaka
Telephone: 02-988 3324 Facsimile:
02-988 3325
Email: bbforex@bangladeshbank.org
Our Reference: Export Proceeds/Forex/33/10
Sunday, May 23, 2010
Managing Director
Agrani Bank
Head Office
Motijheel Commercial Area
Dhaka
SUB: NON-REALIZATION OF EXPORT PROCEEDS
Dear Sir:
It is shocking to learn that some
of your branches have miserably failed in realizing long due proceeds of
exports from the respective overseas banks of the importers. In some instances
the proceeds which were due to be credited in 2008 are yet to be realized. In this
regard your principal branch seems to be pretty negligent with a staggering
amount of USD 23 million still outstanding on account of receivable proceeds
from exports.
As instructed, a statement of
outstanding realizable proceeds against individual export bills and concerned
letters of credit is annexed herewith for your immediate intervention.
Thank you so much.
Maswood Alam Khan
Deputy Director
________________________________________________________________________________________
Write to the banker in a foreign country that the bank has failed
to remit your bank’s export proceeds.
One Bank
Purana Paltan Branch, Dhaka
Telephone: 02-988 3324 Facsimile:
02-988 3325
Email: onebankpp@onebank.com
Our Ref: LC No Hanover
Trust 3344557985/Export Bill 96/10
Sunday, May 23, 2010
Manager
Hanover Trust Bank
New York
USA
SUB: EXPORT PROCEEDS AGAINST YOUR LC # 3344557985
Dear Sir/Madam:
It is quite surprising that your
bank has not yet credited our account with the proceeds of exports made by our
party M/S Prime Jute to your party Phoenix Traders, vide your LC #
3344557985though our party made the shipment back on December 15, 2009 and the
consignment was duly received by your party.
As you have not informed us about any discrepancies about the
documents we sent to your end for collections we hoped that you would send the
export proceeds.
We request your esteemed bank to credit our account with the
proceeds of US Dollar 23,000 along with interest thereon from the date of our
claimant as soon as possible before we are compelled to take legal measures for
realization of the proceeds.
Thank you so much.
Sincerely,
Maswood Alam Khan
________________________________________________________________________________________
Write a letter informing a customer about the process of opening a
fixed deposit account.
Agrani Bank
Nawabpur Branch
36 Nawabpur Road, Dhaka 1000
Tel: 957 3053 Fax: 957 3054
Email: abnp@agranibank.org
Our Ref: AG/Nawab/Dev/233/10
Sunday, May 23, 2010
Ms. Suraiya Begum
103 Dinanath Sen
Road
Gandaria
Dhaka 1204
SUB: PROCESS OF OPENING A FIXED DEPOSIT ACCOUNT
Dear Madam:
Thank you for letter dated April 27, 2010 requesting us to let you
know the process and formalities about opening Fixed Deposit Account with our
branch.
You would be glad to know that opening a fixed deposit account is
very easy. What you need to do is visit our branch with your national ID card
and cash on any day during office hours. We will take not more than 20 minutes
to open your Fixed Deposit Account for any amount for any term.
We are enclosing with this letter a brochure on different products
of deposit along with rules and rates of interest. For fixed deposit we offer
9% interest for a period of six months, 10% for one year and 12% for more than
one year.
Looking forward to serve you as your trusted bank.
Thank you so much.
Sincerely,
Maswood Alam Khan
Manager
Enclosed: Deposit Brochure
________________________________________________________________________________________
Write in reply a letter to a customer informing him about
formalities required for consumer loan to buy household goods.
Agrani Bank
Nawabpur Branch
36 Nawabpur Road, Dhaka 1000
Tel: 957 3053 Fax: 957 3054
Email: abnp@agranibank.org
Our Ref: ABnawab/Consumer Loan/07/10
Sunday, May 23, 2010
Mr. Mahbubul Alam Khan
17 Patla Khan
Street
Dhaka 1204
SUB: FORMALITIES FOR LOANS FOR BUYING HOUSEHOLD GOODS
Dear Sir:
Thank you so much for your letter dated 22 April, 2010 where you
have requested us to let you know the formalities you have to complete in order
to apply for loan to purchase household goods.
You would be glad to know that we
have loan product called “Consumer Loan” which we offer to a customer at an
interest rate of only 12.50% repayable within three years at equal monthly
installments, provided you are employed in a good organization on monthly
salary which can cover the repayment installments after meeting own expenses.
What you need to do is visit our
office on any day along with National ID Card and a certificate from your
employer on your monthly salary and a certificate from your bank that you have
not availed any bank loan. If we get clearance from your employer and the
Central Intelligence Bureau of angladesh
Bank about your credit worthiness it would take not more than 15 days to
sanction a ‘consumer loan’ of any amount for purchasing any household item like
a freezer, a television, a sewing machine etc.
Thank you for your interest in our bank.
Sincerely,
Maswood Alam Khan
Manager
______________________________________________________________________________________
Write a letter to a bank
customer declining his loan application on the ground of specific unsafe
conditions of his factory
Agrani Bank plc
Nawabpur Road
Dhaka 1000
Phone: 956 2319 Fax: 956 2320
Email: agraninawab@agranibank.com.
Our Ref: AG/Nawab/LQA/233/09
May 06, 2009
Mr. Zubair Ahmed
Paragon Hardware Mart
39, Nawabpur Road,
Dhaka 1000
SUB: YOUR APPLICATION FOR A CASH CREDIT
LOAN
Dear Sir:
You are our valued customer for a long time. Your transactions
with us suggest that you have a good reputation in supplying hardware to a huge
number of your clients. We are proud to find you as one of our prestigious
account holders.
We have received an application dated May 02, 2009 from your
esteemed firm seeking a cash credit loan for Taka one million. You have also
proposed to offer enough additional collateral securities to cover the loan.
We wish we could offer you the loan as immediately as possible.
But, during our recent inspection at your shop and the adjacent
factory we found that your factory
is not at all secure as regards the following:
01. The factory building is extremely old. The building, we are
afraid, may collapse in case
an earthquake hits Dhaka city
02. There is no boundary wall on the premises
03. The door and the windows of the warehouse are too old and
rickety
We take pain to say that our management won’t be able to approve a
cash credit for your firm if you don’t improve the security problems mentioned
above.
Should you need further clarification please don’t hesitate to
contact us during office hours. We are always at your service.
Thank you so much.
Maswood Alam Khan
Manager
________________________________________________________________________________________
Write a letter to your friend telling him
about different kinds of loans your bank can offer and mention the terms and
conditions he should fulfill to get loans.
Rahim
Manjil
Comilla
Wednesday
May 6, 2009
Dear
Mashuk,
Hope
this letter will find you happy and hearty. As you know, I already have under
my belt three ears of banking experience in Bangladesh Krishi Bank (BKB). I
know which products and services offered by a bank are good or bad.
In
your last letter you wanted to know whether it is possible on your part to
avail of any loan from my bank to do any business. Well, you should decide
first what kind of business you are planning to do and then you can choose
which loan befits your need.
However,
here below, I am furnishing a list of our loan products along with a brief
description on the terms and conditions. Go through the list minutely.
BKB
finances the following 8 (eight) priority sectors, namely:
01.
Crop
02.
Fisheries
03.
Live Stock
04.
Farm and Irrigation Equipment
05.
Agro-based Industrial Project
06.
S.M.E
07.
Continuous Loan (Working Capital and Cash Credit)
08.
Micro Credit (Small Loan)
We
also offer commercial and consumer loans. But, I will suggest you to take any
of our agricultural loans, which bear lesser interest than any loan offered by
any other bank. You must open an account with any branch of BKB near your
proposed project.
If
you like to know the details of terms and conditions of any of the above loans
you have to visit any of our bank branches and discuss with the Manager or the
Advance Officer. Broadly speaking, you must have property to offer as
collateral securities to cover the loan you would be seeking.
Among the loans, I think, the best would be a
loan for SME. SME stands for Small and Medium Enterprise. Our bank has put
emphasis on SME. In special cases you may avail of SME loan without even
offering any additional collateral security.
Should
you need further clarifications don’t hesitate to come to my office. Eagerly
awaiting your
next
letter.
Sincerely,
Maswood
Alam Khan
________________________________________________________________________________________
As a branch manager of a
nationalized bank, write a letter to the proper authority of Bangladesh Bank,
requesting him to take step for introducing ‘Computer System’ in all relevant
sections of your bank.
Bangladesh Krishi Bank
Kawran Bazar Branch
Dhaka
Phone: 956 7389 Fax: 956 7390
Email: bkbkawran@bkb.com
Our Ref: Automation/BB/02/09
Thursday May 07, 2009
The Executive Director
Banking Control Department
Bangladesh Bank
(Through proper channel)
SUB: COMPUTER SYSTEM FOR CLEARING CHEQUES
Dear Sir,
We have come to learn that most
of the banks all over the world no more take the trouble of carrying cheques
physically all the way to the ‘Clearing House’ for encashment through
inter-bank transactions. Thanks to banking automation, cheques may nowadays be resented in the forms of images to issuing
banks through automated clearing system based on network connectivity among
banks through Internet.
It would be a world of good for
our valued clients if such a system could be introduced in all the bank
branches under the ‘Clearing House’, so that we could offer instant cash to our
clients who would present on our counter cheques issued by clients belonging to
a different bank.
To ensure automation in all the
relevant sections your authority may please take necessary measures to advise
all the scheduled banks to automate at least their city branches, which operate
under the ‘Clearing House’.
Thank you so much.
Manager
________________________________________________________________________________________
Write a letter to proper authority with an appeal to grant money
for treatment of a poor employee of your branch.
Bangladesh Krishi Bank
Kawran Bazar Branch
Dhaka
Phone: 956 7389 Fax: 956 7390
Email: bkbkawran@bkb.com
Our Ref: welfare/19/medical/09
Thursday May 07, 2009
The Chairman
Board of Directors
Bangladesh Krishi Bank
Head Office, Motijheel,
Dhaka 1000
(Through proper channel)
SUB: A MEDICAL BILL FOR A SICK EMPLOYEE
Dear Sir,
With due respect to our esteemed
Board of Directors we like to inform you that Mr. Abdul Ahad is a peon of our
Branch who has been serving our bank for the last 22 years with full sincerity
and diligence. Ahad is not only a trustworthy employee of our branch; he is
also very popular among
our valued clients for his
amiable demeanor.
As ill luck would have it, Ahad had fallen sick about a month
back. The doctor had diagnosed his
disease as ‘colon cancer’ and advised him to undergo immediate
surgical operation. If he is operated upon there is a good possibility that he
would be completely cured.
A total amount of Taka Two lac would be required for his medical
treatment. We have already garnered about Taka One lac through individual
donations.
If your authority approved of Taka One lac for this poor employee
as a special case on humanitarian grounds this man who has served our bank for
such a long time may survive and again serve our bank. He is too poor to manage
money on his own.
Necessary medical certifications are attached herewith for your
perusal.
Thank you, sir.
Sincerely,
Manager
________________________________________________________________________________________
Write
to a friend about the office environment in your bank.
Karim
Manjil
Brahmanbaria
Saturday,
May 09, 2009
My
dear Shefali,
Hope,
this letter will find you hale and hearty.
As
you know, I have joined One Bank, Banani Branch, on May 02, 2009 as a
Probationary Officer. On the first day, I had to approach the Manager of the
Branch with trepidation. As I introduced myself and handed to him my ‘joining
letter’ he greeted me so warmly that I felt greatly relieved.
The
Second Officer of the Branch who also smilingly had received me introduced me
to all the officials of the branch. I was given no work or training on the
first day.
The
next day I was given some simple works like ‘filling out some forms’, ‘reading
some important circulars’, etc.
The
branch is fully air-conditioned and nicely decorated. There are comfortable
provisions inside our office for having prayers and taking lunch for all the
officials.
Though
I was scared initially about my job in a bank now I feel home with all my
colleagues who always inspire me to work in a team spirit.
No
more today. Awaiting your reply.
Sincerely,
Nasreen
Zaman
________________________________________________________________________________________
A client of your bank desires to
take House Building loan from your bank and wants
to know the rules and regulations of your bank in this respect. Write a letter
to him giving him every detail of sanctioning such loan.
Agrani Bank plc
Ramna Branch
Dhaka 1000
Phone: 956 2319 Fax: 956 2320
Email: agraniramna@agranibank.com
Our Ref: HBL/Circular No 36/AtoQ/233/09
Saturday, May 09, 2009
Mr. Raakeeb Reza Khan
39, Shantinagar,
Dhaka 1000
SUB: ENQUIRY ABOUT RULES AND
REGULATIONS OF HOUSE BUILDING LOAN
Dear Sir,
It is our pleasure to find you as one of our valued clients for a
long time.
You have enquired to us to know about the detailed rules and
regulations you have to follow if you want to avail of a house-building loan of
Taka 30 lac from our bank.
Broadly speaking, you must have a piece of land in Dhaka metropolitan city titled in your own name. You may seek loan either for
constructing a new building or for any extension
of a building if there is already a structure on the same land.
In case of a new building you
have to invest your own money (your equity) for the foundation of the proposed
building. But, you don’t need to invest any money if you seek loan for any
extension of the existing building. The whole property must be unencumbered,
that is, you have to make sure that the property is not mortgaged to any bank
or any financial organization. If we sanction a house-building loan in you
favor you have to mortgage the whole property with our bank. We will disburse
loans in installments on completion of different phases of constructions.
Enclosed herewith is a circular where you will find the detailed
descriptions of the rules and regulations for house-building loan.
Feel free to contact us if you need any clarifications in this
respect. Thank you.
Manager
________________________________________________________________________________________
As a manager of your bank, draft a circular
letter to all officers and employees to be punctual in discharging their
duties.
IFIC Bank
Gulshan Branch
Dhaka
1212
Phone: 989 2319 Fax: 989 2320 Email:
ificgulshan@ificbank.com
In-house
Circular No 19/discipline/09
Saturday,
May 09, 2009
It
is observed with great concern that not all employees of our branch are
punctual in discharging their duties.
There is a clear instruction that every
employee must report to our branch at least 15 minutes before 9 in the morning
so that any client seeking any service at 9 sharp is not Frustrated. The lunch
break is for 30 minutes and each prayer break is for 10 minutes.
Nobody is supposed to leave office before
closing and balancing their books of accounts.
Some employees come to office even 30 minutes
after 9; some spend more than 30 minutes for their lunch and more than 10
minutes for saying their prayers.
If any employee is found violating the
instructions as to punctuality in discharging their
duties, stern administrative actions will be
taken against them.
We hope all colleagues will henceforth be
punctual and sincere in discharging their duties
with diligence and in a team spirit.
Each and every employee must read this
circular and acknowledge receipt by signing on the blank space of this
notification.
Maswood Alam Khan
Manger and Vice President
________________________________________________________________________________________
Write a letter to a good account-holder
thanking him for maintaining good banker customer relationship during the last three years.
Prime Bank
Malibag Branch
Dhaka
1016
Phone: 975 2319 Fax: 975 2320 Email:
primemalibag@primebank.com
Our
Ref: Thanks/oldclient/SB-1023/39/09
Saturday,
May 09, 2009
Mr.
Babul Chandra Adhikari
Apt
# 6A, Century Tower,
Malibag,
Dhaka 1016
SUB:
THANK YOU
Dear
Sir,
It
is our privilege and a huge pleasure to find you as a valued client of our bank
for the last three years.
The
transactions in your savings account with us suggest that you are a good saver.
Never
you
issued any cheques to anybody, which had to be bounced due to lack of fund with
your account.
We
have also noted that you always enquire about welfare of each and every
employee of
our
branch.
We
will never forget the kind gesture you have shown yesterday evening. Our
cashier was sweating in tension as he found shortfall in his cash balance and
you suddenly appeared with a smile telling him that you were overpaid Taka 500
by our cashier.
The
nation is proud of people like you!
Maswood
Alam Khan
Manager
________________________________________________________________________________________
Write with politeness to an
account holder to know from him whether TK 10,000 was paid to him in excess
over the counter against his cheques yesterday.
Rupali Bank
Hotel Sheraton Branch
Dhaka 1205
Telephone: 02-861 2700 Facsimile:
02-862 3210 Email: rupalisheraton@rupalibank.com
Our Ref: Enquiry/cash/client/731/09
Strictly confidential
Wednesday, May 14, 2009
Mr. S M Musabbir
49 Minto Road, Dhaka 1205
Dear Sir,
You would be unhappy to learn
that Mr. Zainal Abedin, our cashier, had a hard time yesterday afternoon. He
had to borrow money from his relations to square up with a shortfall of cash
because he had paid someone over the counter an excess amount of Taka 10,000.
On thorough checking of each and
every instrument of the day we have found out some inconsistencies between the
denominations mentioned on the overleaf of a bearer cheque and the value of the
cheque. The bearer cheque of your Current Account was for an amount of Taka
70,000. We are afraid, our cashier perhaps unmindfully handed Taka 80,000 to
the junior assistant of your office who was the bearer of the cheque.
We have no right to embarrass you
by this enquiry and our apprehension may be totally unfounded. But, as the cash
was handed to your office employee we have dared to approach you. Hope, you as
our most valued client would empathize with our situation and check with your
office very discreetly.
Please ignore this letter if you
find out that no excess amount of cash was handed to your office assistant.
Looking forward to taking a tea either at your gorgeous office or
at our humble office.
Thank you so much.
Maswood Alam Khan
Manager
________________________________________________________________________________________
In response to a letter of a
bank customer give him in details the rules of opening a Letter of Credit (L.C)
in your bank.
A B Bank
Kawran Bazar Branch
Dhaka 1207
Telephone: 02-961 2700 Facsimile:
02-962 3210 Email: abkawranbazar@abbank.com
Our Ref: Enquiry/answer/FEx/import/987/09
Wednesday, May 14, 2009
Mr. Babu Lal Paul
346 Tejgaon Industrial Area
Dhaka 1214
SUB: RULES OF OPENING
A LETTER OF CREDIT
Dear Sir,
It’s a pleasant surprise to receive your enquiry on opening a
letter of credit. Here below are the salient rules and requirements for opening
a letter of credit:
01. Your company must have a current account with a bank branch
02. A trade license from the municipality
03. Import Registration Certificate (IRC)
04. A certificate on your solvency from your bank
05. Certificates on your company’s TIN and VAT from the Revenue
Board
06. LCA form to be duly filled out and signed
07. Some stamped and chargeable documents like DP Note, IMP form,
Letter of
Continuity etc. to be signed.
Your bank will collect a
confidential report from the concerned foreign bank about the exporter’s
ability to supply the commodities you are to import. Your bank will also
examine whether the importable commodities are permissible items and will
crosscheck other info like HS Codes and the genuine price of the importable goods.
Depending on your business background your bank will decide at what margin the
Letter of Credit favoring you as an individual or a company can be opened
safeguarding their interests.
Should you need further details feel free to visit our branch at your
convenience.
Thank you so much.
Maswood Alam Khan
Manager
________________________________________________________________________________________
Write a letter to a customer
declining his request for waiver of interest on loan to his sick industry.
Ceylon Bank
Kawran Bazar Branch
Dhaka 1207
Telephone: 02-956 2900
Facsimile: 02-956 2901
Email: ceylonmotijheel@ceylonbank.com
Our Ref: Waiver/decline/IDFD/303/09
Wednesday, May 14, 2009
Ms. Selina Begum
Managing Director
Sun Bread
35 Segun Bagicha
Dhaka 1000
SUB: WAIVER OF
INTEREST ON ACCOUNT OF “SUN BREAD”
Dear Madam,
We are sorry to inform you that it is not possible on the part of
our bank to waive interests accrued on the project loan favoring “Sun Bread” on
the following grounds:
01. The breads and biscuits of your brand are in high demand in
the market.
02. There is no reason for us to believe that your industry has
been really sick as we have gathered intelligence that all the sale proceeds of
the products of “Sun Bread” are regularly deposited with an account your
company has been maintaining with a different bank, a fact you have never
disclosed to us.
03. You have availed of a C.C. loan of Taka 10 lac from a
different bank for your working capital and your company has religiously been
adjusting that loan without any fail; on the other hand, you have defaulted two
consecutive installments against the project loan you have availed from our
bank.
You are hereby advised to pay in full the overdue installments
within first week of June 2009; otherwise, we would be compelled to foreclose
your mortgaged properties.
Should you need to clarify your position, feel free to contact us
through e-mails.
Thank you,
Maswood Alam Khan
Manager
________________________________________________________________________________________
Draft a circular letter to bank
branches for taking specific cautionary measures in sanctioning house-building
loans to the members of public.
Agrani Bank plc
Head Office, Motijheel Commercial
Area
Dhaka 1000
(General Credit Division)
Telephone: 02-956 3111 Facsimile:
02-956 3222
Email: agranigeneralcredit@agranibank.com
Circular No: 234/HBL/CAUTION/09
Wednesday, May 13, 2009
Of late, it is being observed
that some of our branches have been sanctioning long-term loans for house
building a bit recklessly and without taking cautionary measures as to the
builder’s equity and the income generating capacity of the building being
financed.
All concerned are hereby advised
to strictly abide by the terms and conditions as stipulated in the Circular
Number 19 dated 12 Jan 1987 while evaluating a proposal of house-building loan.
Special attention must be given
to the valuation of both landed and building properties keeping in mind that in
view of impending recession the present value of real estate in Bangladesh may
suddenly plummet as had happened in North America that has sparked the ongoing
financial meltdown all over the world.
Any deviation from instructions
as enunciated in the “Loan Manual” and in circulars issued from time to time as
to house-building loan will be seriously taken and meted out with stern
administrative actions.
Each and every official is
instructed to read this circular and put his or her signature in the blank
space of this notification.
Khondoker Waliur Rahman
General Manager
Operation Wing
Copies to:
01. Staff Officer to Managing
Director
02. All General Managers, DGMs
and AGMs
03. All Regional Managers
04. All Managers
05. Office
file
________________________________________________________________________________________
Write a letter to your friend
narrating your experiences of attending a seminar on ‘Credit Risk Analysis’.
103 Dinanath Sen Road
Gandaria, Dhaka 1204
Thursday, May 21, 2009
Dear Kamal,
Last Saturday I had attended a seminar that has opened my eyes to
a very vital task every banker, like you and me, must learn. It was a seminar
on ‘credit risk analysis’ organized by IBB and was held at the auditorium of
BIBM in Mirpur.
Many junior and senior bankers
attended the seminar. I would not have attended the seminar if my manager had
not advised me to attend the seminar on his behalf as he had
an appointment at the same time
when the seminar was held.
As you know, credit risk is the
risk of loss due to non-payment of a loan. Banks employ their own models to
rank potential and existing customers according to risks, and then apply
appropriate strategies.
What we learned in the seminar is
how to maintain credit risk exposure within acceptable parameters by maximizing
a bank’s risk-adjusted rate of return.
Bankers usually trade off the
cost/benefits of a loan according to its risks and the interest charged. Higher
the risk, higher is the rate of interest. But interest rates are not the only method
to compensate for risk. Protective covenants are written into loan agreements
that
allow the banker some controls.
Since exposure to credit risk
continues to be the leading source of problems in banks, banks and their
supervisors should be able to draw useful lessons from past experiences. Banks
should have a keen awareness of the need to identify, measure, monitor and control
credit risks as well as to determine that they hold adequate capital against
these risks.
If you are interested, I may send you by courier photocopies of a
variety of documents and brochures I was given in the seminar.
Thank you so much.
Lutfur Rahman
(Your friend in need)
________________________________________________________________________________________
As a Branch Manager of your bank
write a letter to the proper authority of your Head Office with a request to
increase the medical facilities for the employees of your bank.
Agrani Bank plc
Brahmanbaria Branch
Brahmanbaria
Telephone: 05-3320 Fax: 05-3321
Email: agranibbaria@agranibank.com
Our Ref: Med/Prop/09
Thursday, May 21, 2009
General Manager
Administration Division
Head Office, Motijheel,
Dhaka 1000
SUB: ENHANCEMENT OF
MEDICAL FACILITIES
Dear Sir,
With due respect to your esteemed authority we like to inform you
that our Brahmanbaria Branch had earned a net profit of Taka 62 crore in the
last year ending 31 December 2008.
This branch being a commercially
very important branch all the employees have to remain in the office everyday
till 7 in the evening to complete their daily works. Some of the employees have
to come to office even on holidays to balance some books of accounts.
Twelve male employees and seven
female employees are employed in this branch. Some of the employees are elderly
people in their late 40s.
As you know, there is only one
medical practitioner who has been appointed by our bank.
Sick employees or their
dependents have to travel about one mile to visit the medical practitioner in
his chamber.
It would be a world of good to all our employees if your authority
could employ one male and one female medical practitioner at a little higher
salary so that the practitioner could visit our branch every alternate day in
the afternoon. Such welfare arrangement, if granted, will immensely benefit our
employees and will contribute to better delivery of works from our employees.
Thank you so much.
Sincerely,
Abdul Quader Khan
Manager
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.