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Prime Bank Case Study

998 Words4 Pages

Corporate Banking Division: Prime Bank providing a wide range of financial services, products and offering specialist advice to corporate clients to meet their demands of dynamic changing market scenario as well as emerging markets. Corporate Banking Division provides services to its corporate clients through six following sections: (i) Headline Banking Business Group (ii) General Credit Unit (iii) Export Finance Unit (iv) Structured Finance Department (v) Lease Finance Unit and (vi) Corporate Liability Marketing and Cash Management Unit.
SME Banking: Bangladesh Bank has formulated SME policy strategies to achieve the goals and targets of the Millennium Development Goals (MDG) which is set by the Government. According this, Prime Bank also …show more content…

It provides banking services by enabling customers to be serviced in ways that best suit their needs. Retail banking products are- current accounts, savings and payments etc.
Absolute Prestige Banking – Monarch: Prime Bank Limited has recently launch premium banking service which is named as ‘MONARCH’. The banking service provides hassle free services to the high value customers who necessitate very personalized and sophisticated banking services.
Card Division: Prime Bank started acquiring cards in 2001. Since it has captured a substantial portion of the market share by having around 90,000 issued cards. Prime Bank provides both MasterCard & VISA brand. Apart from that Prime Bank has a wide range of card types as per the needs of the customer’s life style e.g. Classic/Silver Card, Gold Card, and Platinum Card.
International Division: International division maintain their activity by the following units:-
• Offshore banking: Prime Bank is has three offshore banking units. Located in Dhaka Export Processing Zone, Chittagong Export Processing Zone and Adamjee Export Processing …show more content…

Ways out of risk mitigation
3. Assessment of credit requirement
4. Evaluate proposed facility pricing. Internal Control & Compliance Division: Identifying, measuring, controlling and monitoring the various types of risks are essential to make sure the good health of a bank and its whole financial system. For managing the risks Prime Bank uses various risk management tools where internal control and compliances is including.
Antimony Laundering Department: Antimony laundering means money laundering. It is a criminal act which recognized all over the world. For an effective risk management system, it is necessary. Prime Bank has updated its anti-money laundering guidelines immediately after introducing Money Laundering Prevention Act-2012 where involve senior management commitment to the anti-money laundering program.
Finance Department: Finance department make the bank’s budgets and forecast as well as reports the progress to management through the year. This information are used to plan for significant decisions regarding deposit, loans and advances, staffing levels, asset purchases, expansions, cash needs etc.
Human Resources Development: Human resource department major activity are given below: o Recruitment and selection

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