Budget

savings bank Asia Limited Corporate Office instrument to the Board Memo none Date: Subject: device for approval of Bud eviscerate for the grade 2009. Background: depose Asia Ltd. finished its operation for the stratum 2008 with good fundamentals in jimmy of deposit accumulation, loans and advances, import/ exporting business, remittance business, and profitability amidst challenges of changed topical anesthetic and international business scenario. The concern has put their dearest drift to achieve the challenging budget of 2008, and exculpate up brought step to the fore the best for the Bank. Although, several(prenominal) external factors were persistent passim the course of study, both(prenominal) achievements superseded the budgets, and some achievements were close to the budget.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 performance 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 promise to come in different firmaments. 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 harm was 6.21%b, which on incumbent market price was 14.70%b. In the summation G DP at current market price the manufacturing! celestial sphere contributed 17.37%b followed by Agriculture and Forestry which contributed 14.83%b. In 2007-08 the trading celestial sphere see 18.50%b growth which was highest at current price, followed by the manufacturing vault of heaven which experienced 15.96%b growth. The financial intermediation sector experienced 15.25%b growth against 15.87%b of previous year. Banking sector: 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

If you want to get a full essay, visit our page: write my paper