Professional Documents
Culture Documents
Acknowledgment
Acknowledgment
report.
my little effort to every one who works for the cause of Pakistan. I
1
PREFACE
Theory and practice completes the cycle of human instinct quest for
requirements in organizations.
2
THE VISION
3
THE MISSION
Pakistan.
4
THE PHILOSOPHY
Excellence in Service
Quality Performance
Product Innovations
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INTRODUCTION
exchange etc. There were 19 non- Indian foreign banks with the status
from Pakistan, while there were only 3 Pakistan institution i.e. Muslim
sound banking & weeding out weak institutions, the Banking Companies
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Bank Alfalah
Bank Alfalah during the past five years, has assumed a brand new
the privatization of H.E.C.B in 1997. Since then the Board and the
the market.
banking in Pakistan.
The bank was acquired by the Abu Dhabi Consortium, which is headed
the Govt. of Pakistan has retained the remaining 30% of the bank’s
banking.
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In pursuance of State Bank of Pakistan, directives to all commercial
rating agency, which is an affiliate of IBCA, rated the bank as AA- for
long term and A1+ for short term. Both ratings are investment grade
and denote very high credit quality and very low expectation of credit
bank.
acquisition will not only help the bank promote bilateral trade with
The Management
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With a team of talented, service dedicated professional bankers, Bank
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Organizational Structure
All the affairs of Bank Alfalah are run by the Board of Directors,
headed by the Chairman and Chief Executive, who are responsible for
chart.
Management Structure
Chairman
Manager
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Senior Clerk
Junior Clerk
COMPANY ANALYSIS
resources by attracting low cost and stable deposits. Bank Alfalah has
note that in just a few years, which are considered as the infancy
stage in industry, the bank has increased its branch network a lot. The
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expansion program is strategically important to increase customer
cash, if necessary.
Within the first year (1998) their Deposits grew up by 31%, Advances
by 44%, Trade Finance by almost 100% and the total assets by 35%.
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– 2001 2000 Growth
(Billions) (Billions) %
Tax
Tax
1. Current Ratio
Current Liabilities
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Year 2000 Year
2001
Rupees in 000’
7,390,481 8,090,672
6,654,962
7,731,087
1.11 1.05
Share Equity
27,136,530 37,938,411
900,680 1,361,292
30.128 27.869
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3. Debt to Total Assets Ratio
Total Assets
28,854,632 40,098,095
27,136,530
37,938,411
1.06 1.56
Bank Alfalah believes that humans are their most valuable assets. In
the pursuit to impart sound technical skills to their staff, the Training
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times. The bank is making its own positive contribution to the services
Technology Analysis
latest technology.
automated services.
During the past years Bank Alafalah made heavy investments towards
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enhancing its capabilities in the area of automation and information
ENVIRONMENTAL ANALYSIS
Branch Network
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its existing and potential clientele. Now there are branches in almost
The bank, at the end of 2002 plans it, that this figure of 38 branches
Following are the cities in which branches of Bank Alfalah are present.
1. Bahawalpur
2. Faisalabad
3. Gujranwala
4. Gujrat
5. Hyderabad
6. Islamabad
7. Karachi
8. Lahore
9. Multan
10. Mardan
11. Mingora
12. Peshawar
13. Quetta
14. Rawalpindi
16. Sahiwal
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17. Sukkur
18. Sargodha
19. Sialkot
Services
The Bank’s performance over the passing years seems to improve even
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• Structured Financing
• Collection Facility
One can transfer funds from collection accounts from any of the
branches to his / her main account on daily basis without any time
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Other facilities are as follows:
currency)
• On line banking
• ATM
• Personal loans
• Lockers
• Internet banking
• Car Financing
Competitors
3. Union Bank
4. United Bank
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6. Citibank
8. Faysal Bank
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MY WORKING IN BANK ALFALAH
I had to report at 9.00 am sharp and was given a warning that, if I was
late for 3 days, I would be fired. It was applicable for all other
employees. The bank timings were 9.00 am to 5.00 pm for all other
semester.
The overall staff was quite cooperative and friendly, and everyone
treated me very well. But at the same time, there was a very strict
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1. Car Leasing Department
supervisor’s name was Mr. Imran Shami. Here I learned the whole
installment was due. Moreover, Mr. Imran Shami made me deal with
customers who came for the purpose of car financing. I used to give
Alfalah. All the 4 were friends of mine, who got their desired cars
2. Remittance Department
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3. Customer Services Department
Here I was given a telephone line and I had to attend phones and
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IDENTIFICATION OF A MAIN PROBLEM
Problem
It is a universal truth that every thing in this world has its own bright
and dark sides. It is the case with Bank Alfalah. During my Internship,
The first day I entered the bank I was informed that on being late for
9.00 am sharp. Any one coming late is warned and is fired after three
days.
there was no separate phone line for that department. Due to this,
the personnels over there have to wait quite long for the phone line to
be free.
Solution
The problem is quite serious, i.e. the rule is quite rigid and there is no
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one is informed prior to getting in trouble. If a person gets late, he
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FINDINGS
employees.
car financing.
Pakistan.
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8. The internal computer system is quite slow and often gets
hanged up.
Findings
The bank is currently operating in 35 branches within the country. Bank Alfalah has
shown remarkable progress in their operations within these few years.
Within the first year (1998) their Deposits grew up by 31%, Advances by 44%, Trade
Finance by almost 100% and the total assets by 35%. The bank’s position has still
improved in the year 2002.
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Equity 1.631 0.901 51
Bank Alfalah believes that humans are their most valuable assets. In order to improve
staff’s professional quality and proficiency, the bank conducted on-job training programs
and in house seminars / courses, at one training center. Bank Alfalah’s training academy
is equipped with the latest audio-visual training aids, which facilitate in the
discrimination of knowledge and skills.
The bank inducted thirty management trainees, who are being taken through a six-month
comprehensive banking training program. The bank intends to continue, on a need basis,
such programs each year.
Technological Analysis
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Technological developments are opening up new vistas of solutions for distributing
traditional financial products. Concurrently, rapid change in customer preferences has
resulted in major shift from manual to automated services.
Information technology today, is all pervading in the corporate world. During the year
2000, Bank Alafalah made heavy investments towards enhancing its capabilities in the
area of automation and information technology. The bank is well positioned to meet
client needs, with improved competitive advantage.
Bank Alfalah believes that humans are their most valuable assets. In order to improve
staff’s professional quality and proficiency, the bank conducted on-job training programs
and in house seminars / courses, at one training center. Bank Alfalah’s training academy
is equipped with the latest audio-visual training aids, which facilitate in the
discrimination of knowledge and skills.
The bank inducted thirty management trainees, who are being taken through a six-month
comprehensive banking training program. The bank intends to continue, on a need basis,
such programs each year.
Services
Besides being focused on Corporate and Investment Banking business, Bank Alfalah is
now entering into Consumer Banking area. In addition to tailor made products to meet
customer’s requirements, Bank Alfalah offers the following services to its clients:
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To meet short-term liquidity requirements, the bank offers Current Finance Facility to
meet working capital requirements. A special relationship officer is assigned to look after
corporate accounts to ensure smooth and efficient functioning.
Structured Financing
The bank has a dedicated team of thorough professionals providing tailor made financing
solutions. In adherence to requested requirements the team provides cost and time
effective solutions ranging from Equity Consultation, Finance through Capital Markets in
the form of TFCs and Debentures, Underwriting and Warehouse Indirect Financing
through Project Financing and Syndication.
Collection Facility
The bank provides collection facility from any of the 35 branches. One can transfer funds
from collection accounts from any of the branches to his / her main account on daily basis
without any time delays and at very nominal rates. In places where Bank Alfalah’s
branches are not available, the bank facilitates funds transfer through strategic alliance
with their correspondent banks.
To optimize returns on one’s surplus funds, the bank offers competitive rates for which
they have products that provide returns on daily product basis. In addition, profit is paid
on a monthly basis that can boost one’s annualized rate of return.
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• On line banking
• ATM
• Personal loans
• Lockers
• Internet banking
• Car Financing
• Staff Salary Accounts
• Personal Relationship Banking
Technological Analysis
Information technology today, is all pervading in the corporate world. During the year
2000, Bank Alafalah made heavy investments towards enhancing its capabilities in the
area of automation and information technology. The bank is well positioned to meet
client needs, with improved competitive advantage.
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