Documentation and Procedure in International Trade and Business of Rupali Bank Ltd. A study on S.K. Road Corporate Brach, Narayangonj.

1. 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

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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).

8. 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.

9. 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

10. 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

11. 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

12. 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

13. 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

14. 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

15. 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

16. 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.

17. 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

18. 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
598511872
551938508
442695872
608572523
450944750
524855684
439043429
338446670
317665639
405019179
352454348
564356746
485019364
372446648
369679259
419202477
393429937
254142472
472104945
300528398
350354047
230251329
271695989
354177287
0
100000000
200000000
300000000
400000000
500000000
600000000
700000000
EXPORT-IMPORT COMPARISM FOR THE YEAR OF 2014
Export Import

19. 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

20. 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
517,081,150
724,155,442
605,255,219
588,324,670
513,062,562
607,657,098
542,093,461
421,897,621
322,824,918
568,672,157
534,535,560
658,440,835
488,723,144
451,614,828
519,288,171
463,572,037
354,360,436
523,020,947
354,672,225
507,860,171
416,253,003
376,136,848
309,491,605
466,625,795
EXPORT-IMPORT COMPARISM FOR THE YEAR OF 2015
Export Import

21. 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.

22. 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

23. Above graph shows the import share between January’16 to October’16.
4,201,054,382
198,835,173
132,156,832
56,997,477
60,869,670
30,727,691
53,734,395
95,077,108
21,089,952
250,960,205
12,467,130
47,337,736
44,646,545
134,550
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
AbantiColorTexLtd
LatestFashion
FourknitwearPvt.Ltd
JNApparelsPvt.Ltd
KnitReign
MSKnitPvt.Ltd
AmanaTextile
EastcoastKnitwearPvt.Ltd
ProminentApparelsLtd
H.N.ApparelsLtd
RajRubber&PlasticIndus.
Ltd
T-ShirtFashionLtd.
N.M.FashionLtd
EssentialKnitwearLtd
Import Performance
January 01 to October 31

24. 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

25. 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.
4,416,614,897
304,248,469
178,899,081
91,979,091
79,508,007
23,874,115
102,966,857
126,340,231
31,909,110
351,474,917
71,793,364
47,042,680
AbantiColorTexLtd
LatestFashion
FourknitwearPvt.Ltd
JNApparelsPvt.Ltd
KnitReign
MSKnitPvt.Ltd
AmanaTextile
EastcoastKnitwearPvt.
Ltd
ProminentApparelsLtd
H.N.ApparelsLtd
T-ShirtFashionLtd.
N.M.FashionLtd
Export Performance January 01,16 to October,16