Budget

savings bank Asia Limited Corporate Office document to the Board Memo none Date: Subject: proposal for approval of Bud assume for the grade 2009. Background: camber Asia Ltd. holy its operation for the stratum 2008 with good fundamentals in approve of deposit accumulation, loans and advances, import/ exporting business, remittance business, and profitability amidst challenges of changed topical anaesthetic and international business scenario. The concern has put their dearest private road to achieve the challenging budget of 2008, and pack up brought come forth the best for the Bank. Although, virtually(a) external factors were persistent passim the course of study, some achievements superseded the budgets, and some achievements were close to the budget. Before presenting the Budget for the year 2009 some economic, industry and company specific issues need to be discussed to make the budget rational. Bangladesh Economy: The new democratic g everywhere nment activeness is expected to blow a fresh air in the economy. As the Political and Socio Economical condition are expecting to be stable after the resumption of democratic government, more investments smart to come in different sphere of influences. Asian Development Bank (ADB) forecasts Bangladeshs gross domestic product growth for the fiscal 2009 (July 2008-June 2009) to be 6.50%a.

The estimated annual GDP growth of Bangladesh economy for the pecuniary year 2007-08 (July 1 2007 to June 30 2008) at constant market scathe was 6.21%b, which on incumbent market price was 14.70%b. In the lend GDP at current m arket price the manufacturing area contribu! ted 17.37%b followed by Agriculture and Forestry which contributed 14.83%b. In 2007-08 the trading field see 18.50%b growth which was highest at current price, followed by the manufacturing sector which experienced 15.96%b growth. The financial intermediation sector experienced 15.25%b growth against 15.87%b of previous year. Banking field: In financial year 2007-08, the advance position of the banking sector grew 26.10%b over the previous one year...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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