Banking system occupies an important place in nation’s economy. A banking institution is indispensable in a modern society. It plays a pivotal role in the economic development of a country and forms the core of the money market in an advanced country. In recent times the banking sectors over the world has been undergoing a lot of changes due to deregulation, technological innovation, globalization etc. Bangladesh banking sector is lagging far behind in adopting this changes. It is governed by the rules and regulation of the central bank of the country i.e. Bangladesh bank and security and Exchange Commission.
As a fully licensed commercial bank, Prime Bank Ltd. is being managed by a highly professional and dedicated team with long experience in banking. They constantly focus on understanding and anticipating customer needs. As the banking scenario undergoes changes so is the bank and it repositions itself in the changed market condition.
1.2. Objectives of the study
The objectives of the study are,
* To identify procedure of SME loan processing and credit risk management of Prime Bank Limited.
* To identify present performance of Prime Bank Limited in SME lending
1.3. Methodology of the study
In conducting the study secondary data will be used:
Sources of data
* Annual Report of Prime Bank Limited.
* SME Financing Policy of Prime Bank Limited.
* SME Product Brochure of Prime Bank Limited.
* Different circulars sent by Head office and Bangladesh Bank.
2.1 Organization Overview
In the backdrop of economic liberalization and financial sector reforms, a group of highly successful local entrepreneurs conceived an idea of floating a commercial bank with different outlook. For them, it was competence, excellence and consistent delivery of reliable service with superior value products. Accordingly, Prime Bank Ltd. was created and commencement of business started on 17th April 1995. The sponsors are reputed...