Performance Appraisal of Bank Asia Limited

Abstract

Bank is committed to provide high quality financial services/products to contribute to the growth of the country through stimulating trade and commerce, accelerating the pace of industrialization, boosting up export, creating employment opportunity for the youth, poverty alleviation, raising standard of living of limited income group and overall sustainable socioeconomic development of the country. Bank Asia Limited is a scheduled commercial bank in the private sector established under the Banking Company Act 1991 and integrated in Bangladesh as a public limited company under the Companies Act 1994, on September 28, 1999. The initial paid up capital of the Bank is over Tk. 218.00 million. The management of the Bank consists of a team led by senior bankers with vast experience in national and international markets. Bank Asia Limited conducts all types of commercial banking activities. The core business of the bank comprises of import, export, working capital finance and corporate finance. The bank is also rendering personal credit, services related to local and foreign remittances. The "Personal Credit" scheme of the bank, which is designed to help the fixed income group in raising standard of living is competitively priced and has been widely appreciated by the customers. The bank's strategy is to gradually cover the total arena of banking. Performance appraisal system (PAS) is the tool for measuring the performance of an individual and identifies the gaps and plan future development in order to enable a better performance between the jobs and the incumbent. Performance appraisal system is quite structured that it can measure of assess both goal (What) and the management competencies (How).Overall performance of bank Asia limited is good. In some area they need to focus more. The report is conduct to evaluate financial performance and comparative (growth rate) analysis and also find out 5 years performance (analysis of deposit, credit, Investment, asset, capital, profit &foreign exchange). This report gives more focus on performance appraisal of the bank. How they perform within the organization and compete with other organization. As I have gone through all the departments, I have come up with some points, which can improve the efficiency of the Bank. Though the bank was found as a productive concern, the study reveals that the bank could do much more if it was handled more efficiently. However, some steps may be taken to improve the efficiency and to increase the performance of the Bank in future.