Performance of Merchant Banking in Bangladesh

6317 Words Oct 31st, 2011 26 Pages
1. Introduction

1.1 Origin

The preparation of this report is a requirement of the course on “Management of Financial Institutions”, M. Jahangir Alam Chowdhury, Professor of Finance Department at Faculty of Business Studies, University of Dhaka, who is also the course instructor has assigned us a topics regarding “Merchants Banks in Bangladesh” where industry performance and activities are analyzed by the listed merchants banker in our country.

1.2 Background

The Progress of any economy mainly depends on the efficient financial system of the country. This importance of the financial sector reforms affirms an effective means for solving the problems of economic, financial and social in the developing nations of the world. The progress
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It tends to set sight well beyond the next fiscal year, primarily to achieve the Millennium Development Goals of poverty reduction by one-half within the year 2015 and high-growth trajectory of 7% in fiscal 2011-12 and the rate rising further to 8% by fiscal 2014-15, with inflationary pressure contained at 7.5% in the next fiscal year and further down to 5% in the medium term. The vision of ‘Digital Bangladesh’ also has not been forgotten. Those are, however, lofty wishes; implementation of the same would take quite a bit of investment and time. Agriculture production and exports have posted a more than fair performance in the outgoing fiscal year but depression in the financial sector, including the money & capital markets, and continuing high inflation rates stand as hindrance in a sustainable economic growth. Decelerated growths in human resources & manpower export and remittance earning as well as decline in Foreign Direct Investment (FDI) and foreign aid inflow have created pressure on the Balance of Payment (BoP) situation. According to government data, point-to-point inflation rate was recorded at 10.67% in April 2011, with food inflation standing at 14.36%. Other agencies, however, suspect inflation is to be at a higher level than being officially acknowledged. In the developed world, budget do normally bring some relief to the people in general,

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