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Nabeel Report on Askari Bank Limited 2nd Last Step

Nabeel Report on Askari Bank Limited 2nd Last Step

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Published by smile4khawar
Aslam o Alaikum,

Free downlaod internship report on Askari Bank, presented to viva-voce committee in University of The Punjab
Aslam o Alaikum,

Free downlaod internship report on Askari Bank, presented to viva-voce committee in University of The Punjab

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Published by: smile4khawar on Aug 19, 2009
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05/25/2012

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Internship Report
Reasons to Choose Banking Sector
In the current era, Pakistan economy is in the boom. Foreign investment is moving towards thePakistan. Bank sector is one of the sectors, in which foreign investor has been invested at largescale. Banking is the sector which is must at every industrial and developing area. In the lastseven years, many of banks have been incorporated.Askari bank is one of the leading banks in Pakistan who had made the much progress in lesstime. It was incorporated in 1991 and just in sixteen years, it has been entered in the first class banking sector. Human resource department of the Askari bank limited is one the bestdepartment among others. In eight week, it is impossible to learn each and every thing whichmay be dealt in the branch. Before going to internship, I reviewed and analyzed many of banksfor internship but I thought the Askari bank limited suitable.Since the college study, I am studying the banking management as a compulsory subject. Andmy specialization is finance in M.Com. I have interest in banking sector. That’s why due to allabove mentioned reasons, I selected the banking sector and then I selected the Askari bank limited in the banking sector for my internship.By:
MC05126
 
PUGC
1
 
Internship Report
Introduction
Askari Bank is consistently focused on building long term shareholders’ value, as the primaryobjective. The strength of its brand name, supported by strategic expansion and the depth of  bank’s customer relationships, gives it a strong foundation on which to build and continuegrowing in the times ahead. The key elements of Askari Bank’s strategy have been to increaseits market share, mobilize its resources, develop retail, agriculture and Islamic banking,introduce fresh initiatives for corporate and investment banking, capitalize on new businessopportunities and implement various technology initiatives.Askari Bank’s primary focus remains on improved risk management which it considers to beone of the essentials for sustainable success in its business. Based on the risk managementguidelines issued by the State Bank of Pakistan (SBP), a risk management strategy has beendeveloped for assessing, and mitigating / controlling risks.Bank’s Retail Banking Group gathered further momentum during 2006 and further increasedits share in both business volumes and earnings of the Bank. The Group was also benefited bya dedicated advertising campaign launched during 2005. While new products are being added,the distribution channels are also being increased and currently six customer service centersoperate in major cities to serve retail banking customers. We believe that Askari Bank is well poised to increase its share of the retail banking market which still offers opportunities for growth.Agriculture Credit Division of the Bank, strategically headquartered in Lahore, continued toserve its customer base through various branches located in the small to medium sized cities of Punjab and a few in Sindh. Since its launch in 2004, the division has strengthened itsoperations and has devised various innovative agriculture credit products under the AskariKissan Agri Finance Program, which gained quick market acceptance and penetration. After expanding its reach to most of the agricultural areas of Punjab, the Division is poised to expandagricultureAskari Bank co-founded the ATM switch, ‘One-Link’, the first ATM switch in Pakistan. Thisswitch is now also linked to M-net, the second switch in the country. As a result, theBank’s customers can now access their accounts through more than 1,100 online ATMsthroughout Pakistan.By:
MC05126
 
PUGC
2
 
Internship ReportDuring the year, the Bank launched the first Mobile ATMs in the country. Using wireless GPRStechnology, these ‘ATMs on wheels’ can be placed at strategic locations at peak times to servethe customer needs. The Bank’s ‘Data Warehouse’ has become operational and is being finetuned for providing the management with accurate, up-to-date information enabling them tomake timely and prudent decisions.Askari Bank’s progress in the field of Retail Banking was also recognized internationally as theBank won The Asian Banker award for the 'Best Retail Bank in Pakistan' for 2004, after winingthe same award for 2003. Your Bank is the first bank in Pakistan to have won these awards.The Bank won 'The Best Corporate / InstitutionalInternet Bank in Pakistan' and 'The Best Consumer Internet Bank in Pakistan' awards for 2004,from The Global Finance – an international magazine of high repute. The Bank has also wonthe 'Bank of First Choice' award for 2005 from the Consumer Association of Pakistan.Askari Bank recognizes its employees as the prime asset and key contributors to the performance of the Bank and places great emphasis on the attraction, development, andmotivation of its employees. Operational success requires matching of operational strategieswith that of quality human resource. Retention of high quality human resource and maintainingquality recruitment are the fundamentals to good organizational growth. During the year, thecompensation package was substantially improved in order to enhance employees’ motivationand loyalty. Our human resource management objective remains to increase the contributionfrom the employees to the Banks value addition while maintaining high ethical and professional standards. For this purpose, various initiatives are being implemented, includingimproved training and career development, and stimulating employee initiative, innovation,commitment and work efficiency. We are also focusing on developing an organization culturewhich will enhance employee synergies for achieving excellence in all we do.Understudy report cover the products, field of activities of the organization. It further will provide the information to you about the ratios analysis of the bank and SWOT analysis. Thisreport briefly covers the overall topics which may be the informative for any reader, especiallyinvestors. At the end recommendations are also provided to make the better then the current.By:
MC05126
 
PUGC
3

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