Brief Introduction of the Organization's Business Sector
Allied Bank provides highly efficient trade finance services for import/export business for our Clients through large number of authorized branches wheretrained and motivated staff in available to handle the business on behalf of customer.
It is a short term loan allowed by the bank for a period of one year. The runningfinance account turn is operated and daily sale proceeds can be deposited into theaccount.
Allied Bank Limited commenced lease operations upon amalgamation withIbrahim Leasing Limited. Facilities include leasing for machinery, commercialvehicles.
The Bank, under the Agricultural Financing Scheme, as decided by the State Bank of Pakistan, extends short, medium and long term, farm add non-farm credits. Thefarm credits are extended for production (inputs and development purposes. Non-farm credits are allowed for livestock (goats, sheep, and cattle), poultry andfactories including social forestry and fisheries (inland and marine, excluding deepsea fishing). The function of commercial banking and application of thefundamental principles
the depositor bank relationship have remained essentiallythe same since about 500 B.C. Bank operation methods and procedures, on theother hand, have undergone a constant process of evolution because of economicgrowth, the mounting volume of transactions and greater use of banking facilities.As a result of these contributing factors, methods and practices necessary to handlethe increased volume of detail work have been developed while other and quicker methods have been adopted in order to cops; with the increased volume, much of which has been accomplished without unduly increasing the cost of doing business.
INTERNSHIP REPORT 2