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Meezan Bank

Meezan Bank

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Published by AsifaNoreen

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Published by: AsifaNoreen on Jan 23, 2012
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10/20/2012

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Final Internship report OnMEEZAN BANK LIMITED
Executive Summary
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In such a professional education along with the theoretical knowledge,it’s very much important for us to know the application of this theory.I feel pleasure and honor that I got the opportunity to work in such aprivileged and reputable bank of the country. During my internshipprogram I tried my every best to equip myself with all importantknowledge. In this report, I have tried to humble endeavor to covervarious aspects of bank like, introduction, its history, maindepartments, culture, objectives, working financial analysis and alsogive me the opportunity to identify the its strengths, weaknesses,opportunities and also give my recommendations.Meezan Bank is a growing bank that has 24 branches in Pakistanincluding 4 in Lahore, but now it is panning to open 3 more branches inLahore. Its main focus is on customer satisfaction, which they achievein order to provide better services.
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VISION
To be preferred provider of Islamic financial  products in the market.
MISSION
To create exceptional value for their clients,investors and staff; through market leadershipin providing innovative Shariah complaint  products and solutions, and by adopting and living their core values
.
 
OBJECTIVES
 Their objective is to provide their customers knowledgeable, efficientand reliable financial services. They are committed to offering superior,differentiated financial solutions to help customers manage theirmoney better.
INTRODUCTION
Meezan Bank Limited
is a publicly listed company first incorporatedon January 27, 1997. It started operations as an investment bankinglicense under SRO 585-(1)/87 in August of the same year. In January2002 in an historic initiative, the State Bank of Pakistan grantedMeezan Bank the nation’s first full-fledged commercial banking licensededicated to Islamic Banking. And it’s started working as commercialbank from 1st May 2002.
HISTORY 
Meezan Bank stands today at a noteworthy point along the evolution of Islamic Banking in Pakistan. The banking sector is showing a significantparadigm shift away from traditional means of business and is cateringto an increasingly astute and demanding financial consumer who isalso becoming keenly aware of Islamic Banking. Meezan Bank bearsthe critical responsibility of leading the way forward in establishing astable and dynamic Islamic Banking system replete with dynamic andcutting-edge products and services. The Bank has made fundamental and significant progress forward, andin doing so has established a strong and credible management teamcomprised of experienced professionals, which have achieved a strongbalance sheet with excellent operating profitability, including a capitaladequacy ratio that places the Bank at the top of the industry, a long-term entity rating of A+, and a short-term entity rating of A1+, thehighest short-term rating.
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