Remittance

Global Trade Services:

Global Trade Services Division has been one of the most vibrant and sophisticated divisions of Dhaka Bank Limited. Since the commencement, it has been playing a significant role both in terms of business growth and enhanced performance of the bank. GTS comprises three discrete divisions:

Remittance

Financial Institutions

Shopno Jatra Student Service

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Financial Institutions

2. Financial Institutions:

Trade finance has been a major area of business for Dhaka Bank Ltd. since inception in 1995. Financial Institutions Division has been working as the major support Unit for Trade Finance of Dhaka Bank. It is responsible for facilitating bank’s trade finance business under prevailing local and international laws. Under the capable leadership of the current management, trade business is growing for both import & export.

Financial Institutions Division mainly manages the corresponding banking relations with the different banks and financial institutions in home and abroad. In this regard, it needs to maintain Relationship Management Applications (RMA), Nostro Accounts and different correspondent banking arrangements.

Financial Institutions arranges correspondent banking network, credit lines and other facilities required for 15 Authorized Dealer (AD) branches, Two Central Processing Centers (CPCs) and one Offshore Banking unit of DBL. It mainly provides customized supports to the following areas of Dhaka Bank Trade Finances:

I. Import Letter of Credits

II. Export letter of Credits

III. Negotiation and Documentary Collection.

IV. Confirmation

FI Achievements in 2010:

In the year 2010, Financial Institutions has been able to encounter a series of achievements. Bearing the drive to grow further and fuelling the motive to embrace new endeavors, FID has managed to foster both local and international trade and related opportunities better than the preceding...