Banking Product Development at United Commercial Bank PLC

Abstract

United commercial bank PLC is considered to be one of the largest 1 generation commercial bank in Bangladesh. UCB provides corporate with an extensive portfolio of banking services and products. The bank is highly specialized in RMG, import- export, agriculture, SMR sector and retail business. The first chapter outlines introduction of deposit and background, objectives and limitations of the study. The fundamental aims of this chapter are to describe the process of the banking product development at UCB PLC. The aims of the research are to be familiar with the development of deposit product, development of loan and non-loan products. The research has been done in a large part relying on secondary data sources like manuals, reports, bank parikrama, bulletins and circulars and other documentations. Chapter 2 explains the summary of the United Commercial Bank PLC, functions and services it offers and its current position as it found itself in a hard-to- compete situation after it had found success in every aspect of its business activities. Chapter 3 gives a broad description of the objectives. In this section we talked of the deposit products, loan products and the non-loan products and their development performances, Chapter 4 explains the sources of data and data collection procedures utilized in preparing this report, overview of methodology that was employed to conduct the study and theoretical background of the approaches. The 5th chapter of the report concludes and identifies and presents some of the issues and challenges of United Commercial Bank PLC. To address the problems and challenges and to expand the practices and positive contributions of deposit, the recommendations are given in chapter 5. To prepare this report, chapter 6 is on the general experiences. The chapter contains the experiences about what was wrong and what was good and bad with the clients and colleague.