Overall Activities of The City Bank Limited

Abstract

A bank generates profits from transaction fees on financial services,and from the interest it charges for lending. In recent history, with historically low interest rates limiting banks' ability to earn money by lending deposited funds, much of a bank's income is provided by overdraft fees and riskier investments. The City Bank Limited overall activities include general banking, foreign exchange, and Advances. Foreign Exchange: "Foreign Exchange" means foreign currency and includes any instrument drawn, accepted, made or issued under clause (13) of Article 16 of the Bangladesh Bank Order, 1972, all deposits, credits and balances payable in any foreign currency and any draft, letter of credit and bill of exchange expressed or drawn in Bangladesh currency but payable in any foreign currency. Advance: An arrangement about lending money when the customer agrees to pay the money back after a certain period of time with some interest. All credit extension must comply with the requirements of Bank's Memorandum and Article of Association, Banking Company's Act, Bangladesh Bank's instructions. The services encompass wide diversified areas of trade, commerce and industry tailored to the specific needs of the customers and is distinguished by an exceptional level of prompt and personal attention. Over the years the bank has expanded the spectrum of its services.