Import Procedure of Islami Bank Bangladesh Limited

Analysis:

Year Import (Amount in Million Taka) Growth

2007 1706.3 -

2008 2579.61 51.18%

2009 2232.89 -13.44%

2010 3305.78 48.05%

2011 4237.45 28.18%

5.1 Yearly Import Performance of IBBL of Elephant Road Branch

Source: IBBL, Elephant Road Branch ( Office Document)

Figure: Import from 2007 to 2011.

The above figure shows that higher Import has made in year 2008 than 2007 and its growth was 51.18%. But year in 2009 import was decreased than 2010 and its growth was negative. In year 2011 Import was lower comparing to the previous year and its growth was 28.18%.

5.2 Year wise comparison Import, Export and Remittance Performance of IBBL of Elephant Road Branch:

Amount in Million Taka

Year Import Growth Export Growth Remittance Growth

2007 1706.3 - 479.02 - 119.5 -

2008 2579.61 51.18% 1740.1 263.26% 196.78 64.67%

2009 2232.89 -13.44% 1907.61 9.63% 236.65 20.26%

2010 3305.78 48.05% 2506.5 31.39% 206.81 -12.61%

2011 4237.45 28.18% 1897.40 -24.30% 226.8 9.67%

Sources: IBBL, Eephant Road Branch (Office Document)

Figure: Import, Export and Remittances from 2007 to 2011.

The above figure shows that in year 2007 to 2011 Import was higher than Export and Remittance in amount. But in 2011 import growth fall to 28.18%, export growth fall to -24.30% & remittance growth fall to 9.67%. On the basis of import in year 2011 import amount was higher than others year. In year 2010 higher export amount was seen than the others years. In case of Remittance in year 2009 amount was higher.

5.3 Contributions of Foreign Trade income to Total Income of IBBL, Elephant Road Branch:

Amount in Million Taka

Year 2007 2008 2009 2010 2011

Total Income 102.69 119.35 113.23 145.13 190.49

Income from Trade 31.49 34.85 35.97 33.29 56.5

Total Contribution (%) 30.66% 29.20% 31.76% 22.93% 29.66%

Source: IBBL, Elephant Road Branch. (Office Document)

Figure: total income and income from foreign trade of Elephant road branch from 2007 to 2011.

Figure: Contribution of foreign trade of Elephant Road Branch from 2007 to 2011.

I compared between total income and income from foreign trade of IBBL of Elephant road Branch I found that in year 2007 to 2011 the contribution of foreign trade among total income of Elephant Road branch was one third of total income. In year 2009 was the highest contribution 31.76%. In year 2011 was highest income from the foreign trade 56.5 million and total income in this year of elephant road branch was 190.49 million.

In 2010 the contribution of trade income of Elephant road is less than the others four year which is the result of global recession. Because of recession the Bangladesh import suffered from global recession.

5.4 Contributions of Import income to Total foreign trade Income of IBBL, Elephant Road Branch:

Amount in Million Taka

Year 2007 2008 2009 2010 2011

Total Income from foreign Trade 31.49 34.85 35.97 33.29 56.5

Income from Import 22.04 19.73 16.18 17.61 36.15

Total Contribution (%) 69.99% 56.61% 44.98% 52.89% 63.98%

Source: IBBL, Elephant Road Branch. (Office Document)

Figure: Import income and income from foreign trade of Elephant road branch from 2007 to 2011.

The above table shows that total import income to total income from foreign trade. This table shows that in year 2011 was the highest amount of total foreign trade income that was 56.5 million. Also show that income from import was more than 50 percent