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Financial Performance Analysis of First Security Islami Bank Limited.

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Subject: Submission of Internship Report on “Financial Performance Analysis of First Security Islami Bank Limited.”. This is to confirm that the internship report titled "Financial Performance Analysis of First Security Islami Bank Limited" was written by Rawnak Raian Mahmud, ID a major in Accounting at Daffodil International University's Department of Business Administration. I would like to thank Saleh Ahammad who is the AVP and Manager of the Ring Road Branch of First Security Islami Bank Limited.

When it comes to private sector banks in Bangladesh, First Security Islami Bank Limited represents the third generation. First Security Islami Bank Limited, a prominent commercial bank in the country, was incorporated on 29 August 1999 and was licensed by the Bangladesh Bank on 22 September 1999. Strict adherence to "Islamic Shariah" standards is something that First Security can count on. Islami Bank Limited.

A specialized financial institution, First Security Islami Bank (FSIBL) performs most of the usual banking services and investment duties in accordance with the provision of profit-loss sharing, as primarily based on the principles of Islamic Shariah. Through its various subsidiaries, First Security Islami Bank participates in a wide range of charitable and community initiatives.

Origin of the Report 2

In addition, the bank has some influence on whether interest-bearing credit facilities are provided for long-term projects based on the principles of profit sharing.

Objectives of the study: 3

Scope of the study 3

Sources of data collection 3

Data Analysis 4

Limitations of the Report 4

FSIBL is the third private sector bank in Bangladesh which was started in a new era. FSIBL was the first private bank to establish an agency partnership with Western Union to help expatriate Bangladeshis transfer remittances and the valuable foreign cash they earned quickly and reliably. Moreover, it is the first Bangladeshi financial institution to issue the Mastercard, the world's most widely used credit card.

Wedel's emphasis on personal, corporate, foreign exchange, international trade, lease financing and capital market services make FSIBL the preeminent private sector bank in Bangladesh. Customers love doing business with FSIBL because of the bank's friendly and personalized services, state-of-the-art technology and flexible business solutions, global reach in trade and commerce and excellent return on investment opportunities.

Vision of First Security Islami Bank Limited 6

Mission of First Security Islami Bank Limited 6-7

Last but certainly not least: increasing the beneficial contribution in accordance with the economy of the country as a whole. Bringing about a shift in the financial system regarding the relationship between debtors and creditors through the use of participatory banking.

Strategies of FSIBL 7-8

The Board of Directors 9-11

Key features of Banking Service 12-13

The evaluation of a company's overall financial health can be accomplished by using a method known as ratio analysis. The financial statements of a particular company collect the figures that are then used in creating that company's financial ratios. Ratio analysis is a method of calculating financial ratios used to express the current financial results of an organization using a variety of ratios such as profitability, liquidity, operating, operations, debt, solvency, quality and coverage ratios.

Ratio analysis is a method of calculating financial ratios that are used to express the ongoing financial results of an organization.

Advantages of Ratio Analysis: 15-16

They make a diagnosis of the state of finances by analyzing liquidity, solvency, profitability and other factors. Rule of thumb calculations are the only ones known and used for any of the reports. It explains to investors and analysts how a business can make the most of the current assets that are listed on its balance sheet in order to pay off current debt and any other liabilities.

Over the past five years, the money ratio has produced results that are highly variable. Simply put, profitability is the ability to produce a profit, and a profit is the amount of money that remains from the income earned after all the costs and expenses associated with obtaining the income have been eliminated. ROA suggests that results will be consistent over the years.

The consistency of this proportion varied from 0.41% to 0.60% over the five-year time frame considered. These projections for the next five years show that the financial institution has made significant progress in increasing its net income over the past five years. The PE ratio illustrates the demand from investors for a share of the company.

According to the chart, FSIBL had the highest share market value compared to its earnings in 2017. Debt ratio is a measure of a company's solvency that compares all the company's liabilities to the company's total assets as a percentage. FSIBL used less in 2016 than it had in any of the previous five years.

However, FSIBL is more dependent on the funding provided by its investors rather than the funding provided by its creditors because the majority of ratios are lower than 50. All things considered, it is reasonable to believe that First Security Islami Bank Limited had a successful financial year in 2020 as most of the key figures showed positive results. FSIBL maintained a ratio that was not too disparate from year to year during the last five years.

The return on assets (ROA) showed an upward trend in 2020, while the return on investment (ROI) is falling compared to the analysis of the previous five years (ROA- 0.60% and ROI- 42.57%). The bank should not try to shift the responsibility for failures to external forces, but should learn from them and make them part of the motivation for future success.

Ratio analysis of JBL from (2015-2019) 17-28

Recommendations 31

FSIBL should put in more effort to ensure that it is solvent by holding enough short term assets and managing its long term assets in a way that will make the bank more money. FSIBL should make a lot of efforts to make the management more efficient by keeping the operating costs in line with the operating income. By keeping operating income lower than operating expenses, FSIBL can increase its efficiency in controlling costs.

Conclusions 31

Referensi

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