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Report on Allied_Bank

Report on Allied_Bank

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Published by allu_abba
internship report on Allied bank
internship report on Allied bank

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Published by: allu_abba on Mar 05, 2010
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09/23/2010

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VISION
To become a dynamic and efficient bank providing integrated solutions and thefirst choice of bank for all customers
MISSION
To provide value-added services to our customersTo provide high-tech innovative solutions to meet customer requirementsTo create sustainability value through growth, efficiency and diversity for allstakeholdersTo provide a challenging work environment, and reward dedicated team membersTo play it proactive role in contributing towards the society
CORE
 
VALUES
IntegrityExcellence in ServiceHigh performanceInnovation and Growth
LOGO
INTERNSHIP REPORT 1
 
Brief Introduction of the Organization's Business Sector 
IMPORT
 
EXPORT
 
BUSINESS
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.
RUNNING FINANCE
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.
CORPORATE LEASING
Allied Bank Limited commenced lease operations upon amalgamation withIbrahim Leasing Limited. Facilities include leasing for machinery, commercialvehicles.
AGRICULTLRE FINANCE
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
of 
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
 
During the last twenty years we have experienced a constant transition from the oldto the new - from manual to mechanical method and procedures - fromold established practices lo current techniques and lo a more scientific approach lothe solution of problems brought about by day to day changes in business practices.
OUR BANKING SYSTEM TODAY
The Banking Business as we know it today is composed of three separateimportant distinct principal functions.The acquiring of funds to invest and loan.The investing of such funds in loans and bonds.The servicing of such funds, such as providing of checking/saving facilities,and the collection of draft, notes and checks.These functions, while differing in detail of operation, follow the same principles established hundreds of years go by money-lenders and exchangers.
Bank Definition
"Banks are institution that enjoys the public money doing nothing for the public".
According the banking ordinance 1962
"Banks mean the acceptance of deposit for the purpose the lending or theinvestment of deposit of money from the public repayable on demand or otherwisewithdraw able by checks, drafts, orders, and otherwise"
Banker
Banker includes a body of persons whether incorporated or not who carry on business of banking.
Customer
Customer is defined as one who has account with the bank. The word customer signifies a
 
relationship in which duration is not of the essence. A person whosemoney has been accepted by the Bank on the footing that they undertake to honor checks up to the amount standing this credit is a customer of the Bank in the senseof the statute, irrespective of whether his connection is of short or long standing.All the city branches accounts are computerized.
INTERNSHIP REPORT 3

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