Budget

savings bank Asia Limited Corporate Office entry to the Board Memo none Date: Subject: proposition for approval of Bud land for the grade 2009. Background: trust Asia Ltd. finish 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 cause to achieve the challenging budget of 2008, and drag up brought step up the best for the Bank. Although, rough external factors were persistent passim the grade, several(prenominal) achievements superseded the budgets, and some achievements were close to the budget.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 everywherenment drill 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 shiny to come in different arenas. 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 cost was 6.21%b, which on incumbent market price was 14.70%b. In the come in GDP at current market price the manufacturing vault of heaven contributed 17.37%b followe! d by Agriculture and Forestry which contributed 14.83%b. In 2007-08 the trading firmament see 18.50%b growth which was highest at current price, followed by the manufacturing sphere of influence which experienced 15.96%b growth. The financial intermediation sector experienced 15.25%b growth against 15.87%b of previous year. Banking domain: 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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