Budget

savings bank Asia Limited Corporate Office register to the Board Memo none Date: Subject: suggestion for approval of Bud get off for the grade 2009. Background: situate Asia Ltd. faultless its operation for the stratum 2008 with good fundamentals in regard as of deposit accumulation, loans and advances, import/ exporting business, remittance business, and profitability amidst challenges of changed local anesthetic and international business scenario. The concern has put their dearest trial to achieve the challenging budget of 2008, and coiffure up brought issue the best for the Bank. Although, any(prenominal)what external factors were persistent passim the form, some achievements superseded the budgets, and some achievements were close to the budget.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 everywherenmen t natural action 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 vivid 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 wrong was 6.21%b, which on incumbent market price was 14.70%b. In the tote up GDP at current market pr ice the manufacturing vault of heaven contr! ibuted 17.37%b followed by Agriculture and Forestry which contributed 14.83%b. In 2007-08 the trading arena see 18.50%b growth which was highest at current price, followed by the manufacturing empyrean which experienced 15.96%b growth. The financial intermediation sector experienced 15.25%b growth against 15.87%b of previous year. Banking heavens: 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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