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Report on Askari Bank

Report on Askari Bank

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Published by: zorish on Feb 22, 2010
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06/16/2013

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1
CHAPTER 01Introduction to the Report
This Internship report is aimed at studying and analyzing Askari Bank Limited (ABL) ingeneral and its branch office at Abbottabad, in particular. The main purpose of theinternship is to prepare and submit a report as a partial fulfillment for the award of MBAdegree from COMSATS Institute of Information Technology Abbottabad. This report hasthe aim to share my knowledge and experience that I have gathered during my academicsand practical training at Askari Bank.Being the world-class bank, Askari Bank has maintained the world-class standards in allaspects including financial standards. This report has covered the financial strategies andpractices that are being followed in Askari bank.
1.1
 
Background of the study
Pa
kistan‟s economy at
present is going in depression. The importance of sound bankingsystem cannot be denied in such critical time to re-stabilize the economy, which mustmeet the financial needs of the growing agriculture, industrial and commercial/servicessector.In the present day world, economy has started dominating every sphere of life and for thesocioeconomic growth of any country, monetary institution is critical. Banking sector isthe backbone of the industrial sectors, trade and commerce of the country henceproviding stimulus to overall development of the economy. Askari Bank since 1991 hasplayed a pivotal role in the development of Pakistan. Like other multinational banks,ABL has adopted a customer-oriented approach, in order to provide quality productsaccording to customer needs and stands as a role model for the other banks. Askari Bank works round the clock to provide services that are unmatched in the region. It has theexperienced, committed team of professionals with diversified expertise. This report hasthe aim to cover all operational aspects of Askari Bank and products that it offers.
 
2
1.2 Purpose of the Internship
The primary purpose of the internship is to fulfill the academic requirements of my study.The purpose of the study also is, to do practical work, in the field and apply theknowledge of classroom lectures to the real life situations, which thus enables a studentto be a future banking practitioner. Besides this, some other purposes are associated,which includes
 
To gather relevant information then interpret and analyze it in a useful manner
 
To define and describe various functions of the bank.
 
To highlight the outline facilities and products offered by ABL to its customers.
 
To analyze the bank through different techniques i.e. Horizontal, Vertical, andSWOT analysis.
 
To get exposure and to develop the interpersonal communication skill.
 
To identify the areas of the bank where there is some room for improvement.
 
To present some feasible solutions for the problems pertaining to ABL.
 
To apply the knowledge gained in practical field.
 
It is also one of the main objectives of internship to practically apply in conceptslearned during my study at COMSATS Abbottabad.
1.3
 
Merits of the Report
 
 
It is a compulsory requirement for the awar
d of Master‟s Degree in Business
Administration
 
The study conducted will benefit the finance students in particular and bankingstudents in general
 
It will help the present and prospective students of the department in makingassignments and writing reports on the ABL, evolution of baking, importance of banking and different operations.
 
The third chapter of this report comprehensively encompasses most of the aspectsof banking, followed by SWOT analysis, conclusion and recommendations.Furthermore, ABL branch Abbottabad may also benefit from therecommendations made at the end of the report.
 
It can also provide assistance to students seeking financial data for analysis.
 
3
 
It can also provide help ABL management in identifying their Strengths,Weaknesses, Opportunities and Threats.
1.4 Scope of Report
Banking has a very broad scope. In only six weeks of internship, it is very difficult tounderstand each and every aspect of bank. Due to the barriers of limited time and space,the scope of work is usually confined. However this study of ABL will help themanagement to identify their weaknesses and threats and overcome them by using theirstrengths and capitalizing on the opportunities. This internship report will be source of financial data for all those who are interested in financial statement analysis of ABL.
1.5 Methodology of the Report
This study involves two types of data for report writing.
1.5.1 Primary Sources
 
Interviews and discussion with staff members
 
Personal observations
1.5.2 Secondary Sources
 
Annual reports of ABL
 
Brochures & Manuals.
 
Websites
 
Newspapers
 
Previous Internship Reports.

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