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The project report Management of Bank Al-Falah is about the all views of its management, including the current & past over all progress & process of Planning, Organizing, Leading, Controlling, Ethics, Culture & Organization design. The process which is being followed & running presently, of Planning, Organizing, Leading, Controlling, Ethics, Culture, Organization design and Position of whole Organization in our Nation are also being discussed in detail in this report.
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Introduction of Bank Al-Falah-------------------------------------------------------------------------05 Mission & Vision----------------------------------------------------------------------------------------08 Chairpersons Message---------------------------------------------------------------------------------09 Historical Overview-------------------------------------------------------------------------------------10 Board of Directors---------------------------------------------------------------------------------------11 Management----------------------------------------------------------------------------------------------12 1. Planning----------------------------------------------------------------------------------------------14 1.1. Definition---------------------------------------------------------------------------------------15 1.2. Types of Planning-----------------------------------------------------------------------------15 1.3. Goals / Objectives-----------------------------------------------------------------------------16 1.4. Process of Planning----------------------------------------------------------------------------17 1.5. Types of Strategy------------------------------------------------------------------------------18 1.6. Internal & External Factors-------------------------------------------------------------------18 1.6.1. Internal Factors------------------------------------------------------------------------18 1.6.2. External Factors------------------------------------------------------------------------19 1.7. SWOT Analysis--------------------------------------------------------------------------------20 1.8. BCG-Matrix------------------------------------------------------------------------------------22 1.9. Decision Making Authorities----------------------------------------------------------------23 2. Organizing-------------------------------------------------------------------------------------------24 2.1. Bank al-Falahs Structure---------------------------------------------------------------------25 2.2. Purpose of Organizing------------------------------------------------------------------------26 2.3. Bank Al-Falahs Management Chart--------------------------------------------------------26 13
2.6. IT Department----------------------------------------------------------------------------------29 2.7. Centralization vs. Decentralization----------------------------------------------------------30 2.8. Type of Organization--------------------------------------------------------------------------30 2.9. Human Resource Management (HRM)-----------------------------------------------------31 2.10. -----33 3. Leadership-------------------------------------------------------------------------------------------35 3.1. By Early Leadership Theories---------------------------------------------------------------36 3.1.1. Formal vs. Informal-------------------------------------------------------------------36 3.1.2. Traits of Leader------------------------------------------------------------------------36 3.1.3. Type of Leaders------------------------------------------------------------------------37 3.1.4. Managerial Grid-----------------------------------------------------------------------37 3.2. By Contingency Theories---------------------------------------------------------------------38 3.2.1. Fiedlers Model------------------------------------------------------------------------38 3.2.2. Situational Theory---------------------------------------------------------------------38 3.2.3. Goal-Path Model-----------------------------------------------------------------------38 3.3. Leadership Behaviors-------------------------------------------------------------------------39 3.4. By Motivation----------------------------------------------------------------------------------40 3.4.1. Early Theories of Motivation--------------------------------------------------------41 3.4.2. Contemporary Theories of Motivation---------------------------------------------41 4. Control------------------------------------------------------------------------------------------------43 13 Communication---------------------------------------------------------------------------
4.1. Testing the system of internal control-------------------------------------------------------44 4.2. Separation of Duties---------------------------------------------------------------------------45 4.3. Security-----------------------------------------------------------------------------------------45 5. Ethics-------------------------------------------------------------------------------------------------46 5.1. Approaches to Ethics-------------------------------------------------------------------------47 5.1.1. Utilitarianism Approach--------------------------------------------------------------47 5.1.2. Individualism Approach--------------------------------------------------------------47 5.1.3. Right Approach------------------------------------------------------------------------47 5.1.4. Justice Approach-----------------------------------------------------------------------47 5.2. Strategies for Managing Stakeholders------------------------------------------------------48 5.2.1. Confrontation Strategy----------------------------------------------------------------48 5.2.2. Damage Control Strategy-------------------------------------------------------------48 5.2.3. Accommodation Strategy-------------------------------------------------------------48 5.2.4. 48 6. Culture------------------------------------------------------------------------------------------------49 6.1. Types of typologies----------------------------------------------------------------------------50 7. Organization design---------------------------------------------------------------------------------52 7.1. Types of Organization Design--------------------------------------------------------------53 8. Conclusion & Suggestions-------------------------------------------------------------------------54 8.1. Conclusion--------------------------------------------------------------------------------------55 8.2. Suggestions-------------------------------------------------------------------------------------55 Pro-active Strategy--------------------------------------------------------------------
Reference-------------------------------------------------------------------------------------------------56 13
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Bank Al-Falah was incorporated on 21st June, 1997 as a public limited company under the Companies Ordinance 1984. Its banking operations commenced from 1st November, 1997. The bank is engaged in commercial banking and related services as defined in the Banking companies ordinance, 1962. Bank Al-Falah Limited is a Pakistan-based bank, engaged in commercial banking and related services. The services offered by the Company include Branch banking, Consumer banking, Electronic banking, corporate banking and Treasury and Investment. Its Branch banking services include direct and indirect Foreign Currencies Remittance facility, Foreign Trade and Correspondent banking and safe Deposit Locker facilities. Through Consumer banking, the Company offers Credit cards, Home Loans, Rupee Traveler checks, Auto loans, and Money-Gram, which is a person-to-person money transfer service. Its Electronic banking services include Phone banking, Automated Teller Machines (ATM) and On-line banking. Its Treasury and Investment services include Financial advisory services, and services for the money market and foreign exchange market. Its corporate banking activities include Trade finance and structured finance. The Company offers services through a network of 142 branches and 59 ATM machines. These branches are in the following cities of Pakistan.
Abbott Abad Ahmedpur East Arifwala Attock Bahawalpur Bannu Bhalwal Burewala Chakwal Chaman Chichawatni Chiniot
Chitral D.G.Khan D.I.Khan Daharki Daska Fasialabad Ghotki Gilgit Gujranwala Gujrat Hafizabad Hangu
Haroonabad Hasilpur Hayatabad Heart Hyderabad Islamabad Jhang Jhelum Karachi Kasur Kharian Kohat
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Kotla Lahore Lala Musa Larkana Mandi Bahauddin Mansehra Mdardan Mian Chunnu Mingora/Swat
Mirpur Khas Multan Nawabshah Okara Pakpattan Peshawar Quetta Rawalpindi Rhaim-YarKhan
Sadiqabad Sahiwal Sailkot Sargoda Sheikhupura Sukkar Toba Tek Singh Wah Cantt
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Vision
To be the premier organizations operating locally & internationally that provides the complete range of financial services to all segments under one roof.
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CHAIRPERSONS MESSAGE
Our core philosophy of honesty, transparency in customer dealings, product innovation, excellence in customer services and our commitment to being a responsible corporate citizen pervades this website. Since the inception of Bank Al-Falah, by the grace of the Almighty Allah, we have moved rapidly in expanding our branch network and deposit base, along with making profitable advances and increasing the range of products and services. We have made a break-through in providing premier services at an affordable cost to our customers. Keeping in view our valued clients and the need for constant and effective communication of information, we have designed this website to be as user-friendly as possible. As we pursue the path of excellence, customer satisfaction remains our priority. It is only when we know our customers better, can we deliver a higher quality of services, thereby adding synergy to our existing management expertise, financial strength and profitability. This is yet another channel of communication for the delivery of quality products and services that enhance value to our stakeholders.
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HISTORICAL OVERVIEW
Bank Al-Falah Limited was incorporated on June 21st, 1997 as a public limited company under the Companies Ordinance 1984. Its banking operations commenced from November 1st, 1997. The bank is engaged in commercial banking and related services as defined in the Banking companies ordinance, 1962. The Bank is currently operating through 104 branches in 36 cities, with the registered office at B.A.Building, II.Chundrigar, Karachi. Since its inception, as the new identity of H.C.E.B after the privatization in 1997, the management of the bank has implemented strategies and policies to carve a distinct position for the bank in the market place. Strengthened with the banking of the Abu Dhabi Group and driven by the strategic goals set out by its board of management, the Bank has invested in revolutionary technology to have an extensive range of products and services. This facilitates our commitment to a culture of innovation and seeks out synergies with clients and service providers to ensure uninterrupted services to its customers. We perceive the requirements of our customers and match them with quality products and service solutions. During the past five years, we have emerged as one of the foremost financial institution in the region endeavoring to meet the needs of tomorrow today.
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BOARD OF DIRECTORS
H.E. Sheikh Hamdan Bin Mubarak Al Nahayan Chairman
Mr. Abdull Khalil Al Mutawa Director Mr. Nadeem Iqbal Sheikh Director Mr.Khalid Mana Saeed Al Otaiba Director
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MANAGEMENT
Mr. Sirajuddin Aziz Chief Executive Officer Mr. A. Wahid Dada Group Head Commercial Banking Mr. Parvez A. Shahid Co-Chairman Central Management Committee Mr. Hamid Ashraf General Manager Legal Affairs & Company Secretary Mr. Shakil Sadiq Chief Operating Officer Mr. Zahid Ali H. Jamall Chief Financial Officer
Mr. Arfa Waheed Malik
Group Head Corporate & Investment Banking Mr. Mohammad Iqbal Saifee Group Head Audit & Inspection
Mr. Talib Rizvi Group Head Priority Banking & Wealth Management Mr. Tariq Mir General Manager International Business Mr. Ather Shehab Executive Incharge Establishment & Administration Mr. Mahmood Ashraf General Manager Credit Monitoring
Mr. Nadeem Ul Haq Group Head Operations Mr. Mohammad Yousuf Group Head Credit & Collections Mr. Bakhtiar Khawaja Group Head Training & Development
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Mr. Falak Sher Chief Compliance Officer Mr. Haroon Khalid General Manager Risk Management Mr. Imtiaz Ahmad Sheikh General Manager Information Technology Mr. M. Mudassar Aqil General Manager Human Resource & Quality Assurance
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PLANNING
1.1. Definition
Planning is
Defining organizations goals and objectives. Establishing overall strategies for achieving those goals. Developing a comprehensive set of plans to integrate and coordinate organizational work.
1.2.
Types of Planning
Bank Al-Falah use both formal and informal types of planning.
1.2.1. Informal
In informal planning, their planning is not written down, short term focus and specific to an organizational unit.
1.2.2. Formal
In formal planning, their planning is written down, specific, long term focus and involves shared goals for the organization.
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1.3.
Goals / Objectives
Financial strength and Profitability by making profitable advances Customer satisfaction by providing higher quality of services at an affordable cost Growth by expanding branch network and deposit base
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1.4.
Process of Planning
Process of Planning Mission Strategies Plans Programs Policies Rules Budget
Mission
Mission of Bank Al-Falah is to develop and deliver the most innovative products, manage customer experience, deliver quality service that contributes to brand strength, establishes a comprehensive advantage and enhances profitability, in this way providing value to the stakeholders of the bank.
Strategies
Strategies of Bank Al-Falah are giving loans and accepting deposits.
Plans
Plans of Bank Al-Falah are short-term & long-term Advances & Deposits.
Programs
Programs of Bank Al-Falah are up to one year or more than one year advances, fixed account, current account etc, debit card, credit card etc.
Policies
Policies of Bank Al-Falah are profitability, by making profitable advances and customer satisfaction by providing best services at an affordable cost.
Rules
Their rules are defined by upper level of management according to situation
Budget
Bank Al-Falah always met its budget. 23
1.5.
Types of Strategy
There are seven kinds of strategy: Cost Leadership Strategy Differentiation Strategy Focused Strategy Bank Al-Falah is following the focused strategy. They are focusing on customers by advancing and depositing.
1.6.
Structure / Infrastructure
Bank Al-Falah has sound structure and infrastructure.
Organizational Policies
Policies of Bank Al-Falah are favorable for customers.
Nature of Organization
Financial Institution.
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Political Factors
Politically, people are influencing on the performance of Bank Al-Falah. Particularly, agricultural people get benefits due to relation to politicians. Such people are getting advances and jobs on favoritism.
Physical Factors
Physical structure of Bank Al-Falah is very sound.
Demographic Factors
Population of Pakistan is a big number, which is supportive for bank.
Economic Factors
Population of Pakistan is rich which is beneficial for the bank.
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1.7.
SWOT ANALYSIS
The SWOT analysis is an extremely useful tool for understanding and decisionmaking for all sorts of situations in business and organizations. SWOT is an acronym for Strengths, Weaknesses, Opportunities, and Threats.
Strengths (+)
Stability Strategy (+ , -)
Retrenchment Strategy (- , -)
Weaknesses (-)
Strengths
Opportunities (+)
Threats (-)
Following are the strengths of Bank Al-Falah: Brand Decent customer dealing Rapidly expansion in branch network
Weaknesses
Following are the weaknesses of Bank Al-Falah: Poor employee development and promotion Improper online Banking
Opportunities
Following are the opportunities of Bank Al-Falah: Improvement in online banking More customer satisfaction 23
Threats
Following competitors are threats to Bank Al-Falah: MS Global Saudi Pak Bank Habib Bank Standard Chartered Bank
1.7.1.
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1.8.
Low
Star
The businesses, whose growth rate as well as market shares are very higher, and those are leader of market, are categories as star.
Cash Cow
The businesses have big market share but their growth rate is low, and they earn a large amount of cash due to their reputation, are categories as cash cow.
? (Question Mark)
The businesses, which are growing highly but their market share is low than stars businesses, are categories as question mark.
Dogs
The businesses, which have very low growth rate as well as market share, are categories as dogs.
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ORGANIZING
Managers work in organization. But what is an organization? An organization is a deliberate arrangement of people to accomplish some specific purpose. Your banks, university is an organization, colleges, govt. departments are all organizations because they have three common characteristics. First, each organization has a distinct purpose. This purpose is typically expressed in terms of a goal or set of goals that the organization hopes to accomplish. Second, each organization is composed of people. One person working alone is not an organization and it takes people to perform the work thats necessary for the organization to achieve its goals Third, all organization develop some deliberate structure so that their members can do their work.
2.1.
Swedens premiere bank is one of the largest banks in the Nordic region. Lars Grunted(pictured),president and group chief executive, oversees a business that is organized around a decentralized structure with a network of some 540 branches in Norway, as well as in nine European countries and six countries outside Europe. He believes that the banks 30-plus years of developing its branch network has allowed it to consistently grow market share and achieve a return on equality above the average of its Nordic competitors are starting to copy Handelsbankens structural model. Handelsbankens branch managers can choose their customers and product mix. They also set staffing numbers and decide salary levels. All customers, private and corporate, no matter what size, are the responsibility of a local branch. Handelsbankens flat management structure and emphasis on personal responsibility and consensus approach is well suited to the Swedish culture.
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2.2.
Purposes of Organizing
Divide work to be done into specific jobs and departments in Bank Al-Falah. Assign tasks and responsibilities associated with individual jobs in Bank Al-Falah. Coordinates diverse organizational tasks in Bank Al-Falah. Establishes relationships among individuals, groups and departments in Bank AlFalah.
Establishes formal lines of authority in Bank Al-Falah. Allocates and deploys organizational resources in Bank Al-Falah.
2.3.
o Divided the I.T (information technology). o Supports the corporate and home finance. o He monitoring the credit division. o Investigates the legal affairs.
2.4.
Finance Department
Finance is responsible in terms of money in all departments or monetary policies. It is concern with more inflow of the cash that outflow of the cash in terms of Bank AlFalah.
Structured Finance
Established in 1998 in order to provide innovative investment banking services to our valued clients. A team of handpicked professionals, dedicated to syndicated loans and structured products. The teams expertise is well known in the marketplace with its capability to assist public & private sector entities, major financial institutions, multinational corporations, domestic & international institutional investors in innovative financing including underwriting & private placements. The scope of SFUs activities also encompasses advisory assignments, such as privatization, Mergers & Acquisitions (Mans), domestic listings, IPOs and restructuring. During the past few years, SFU has been successful in sourcing and participating in a number of prestigious transactions involving large amounts. Some of the value added services offered by SFU include the following: Loan syndication Public floatation of Term Finance Certificates (TFCs) and equity Private placement of Term Finance Certificates (TFCs) and equity underwriting Guarantee syndications Financial restructuring 34
Mergers & Acquisitions (M&As) Fostering joint ventures Privatization Sale side and buyers side advisory Structuring new financial instruments
In the future, SFU is envisaged to supplement the enhanced profile and profitability of Bank Al-Falah Limited through its value added services, through both asset building and income generating aspects.
2.5.
Marketing Department
Marketing department performs different functions in terms of Bank Al-Falah.
2.5.1. Sales
In Bank Al-Falah sales gets only in the light of the customer.
2.5.3. Positioning
In Bank Al-Falah, what is your position to deal that person?
2.5.4. Targeting
What is your long term goal and short term goal according to Bank Al-Falah?
2.5.5. Promotion
It is concerned with all types of advertisement. Its purpose is to get more customers in terms of promotion according to Bank Al-Falah.
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2.6.
IT Department
2.6.1. ATMs
Bank Al-Falah through its commitment to provide superior and improved services to its valued customers, has unveiled a nationwide network of ATMs. For your convenience, you now have access to instantaneous cash availability, 24 hours a day, 7 days a week. Our ATM network is geared up to exploit the latest technology, and is equipped to meet the highest standards of security and efficiency. With your new Hilal-Card you can now: Withdraw Cash Use our convenient, user-friendly fast cash option Make a Balance Inquiry. Get an instant printout of your account balances Get a printout of your last transactions (Mini-statement) on the spot. Change your PIN (Personal Identification Number).
Bank Al-Falah is pleased to introduce 55 state of the art ATMs, deployed at the most convenient and accessible locations. Bank Al-Falah is a founder member of the 1-Link Switch, thus making a country wide network of ATMs available.
2.7.
2.8.
Type of Organization
Road-Map of HRM
The road-map through which HRM helps the managers to organize the activities of man-power in Bank Al-Falah.
It is obligatory for each staff member of the bank to attend at least one training program. Wherever the Training Department is unable to provide focused training for certain groups of staff, reputable external training providers are invited to fill the gap.
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Communication
The flow of information in Bank Al-Falah.
2.9.4.
Direction of communication
Bank Al-Falah communication can flow downward, upward, laterally, or diagonally.
Down-ward Communication
Any communication that flows downward from a C.E.O to employees is downward communication.
Up-ward Communication
Any communication that flows upward from employees to C.E.O.
Lateral Communication
Communication that takes place among employees on the same level is called lateral communication.
Diagonal Communication
Communication that cuts across both work areas and organizational levels.
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2.9.5.
Communication Model
Message
Any type of message of Executive Incharge (E.I) to be conveyed.
Encoding
Converting a message into symbols.
Channel
The medium a message travels along.
Decoding
Retranslating an Executive Incharge (E.I) message.
Receiver
The seven elements involved in transferring meaning from Executive Incharge (E.I) to another.
Feed back
Any disturbance that interfere with the transmission, receipts or feed back of a message.
2.9.6.
Types of Communication
Verbal & Non-verbal communication
Verbal communication means audiotape-communication conferences, radio in Bank Al-Falah. Non-verbal communication means visual, sign board, newspapers in Bank Al-Falah.
Audio - Video
Audio - Video means multimedia presentations, video conferences and meetings in Bank Al-Falah.
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LEADERSHIP
The process of influencing a group of people towards the achievement of pre-selected goals is called leadership. & The person who makes this process or who can influence others / group of people and who has managerial authority is called a leader. The leader is needed by the every field & Organization, as well as the Bank Al-Falah has its leader in the form of High qualified & skilled Managers, which are working hardly to put the bank at the peak level as well as achieving the organizations pre-selected goals.
3.1.
Believe on Equality
3.1.3.
Type of Leader
There are three basic types of leaders; Dictator Democratic Laissez-fair
Democratic leader
The leaders, Bank Al-Falah have, are the types of Democratic. Because the major portion of bank is De-centralized, thats why the each leader has the complete power of decision making, but they are working Collaboratively in whole organization with each other. All leaders of bank are involved in decision making, delegating their authorities to their higher qualified employees, encouraged the participation of their employees in work and gives them opportunities of coaching in well manners.
3.1.4.
Managerial Grid
A two-dimensional
Country Club Management
grid of two leadership behaviors, concern for people and concern for production different styles is / output, which resulted in five leadership called
Concern for People
Impoverished Management
Task Management
managerial grid.
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The behaviors of leaders of bank Al-Falah are lies in the Team / Ideal Management, because all the managers are doing their work collaborative with each other and also with their whole team of workers, they have as well.
3.2.2.
Situational Theory
The leadership contingency theory that focuses on the followers readiness. In the Bank Al-Falah, this theory is also applicable because the followers / employees of leader(s) are ready every time for do any task / mission or any kind of work given by their leader(s). And all the Leaders or Managers are also careful for giving any task or work to their followers that they are see firstly that either their followers are ready for this job or not.
3.2.3.
Goal-path Model
As above the all Leaders of Bank Al-Falah are very cooperative to each other as well as with their followers, thats why they are also providing the right 42
Path / Direction, after finding, to their followers on through they and their followers could achieve their targets and goals.
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3.3.
Leadership Behaviors
The leaders of Bank Al-Falah, in their behaviors, are;
Directive
They provide the proper schedules, direction and guidance etc. to their followers / employees, from through the employees can do the specific work or task which has been given to them, to achieving their and organizational objectives as well.
Supportive The leaders also give the proper attention on their followers /
employees and also help them in case of any trouble in achieving the targets and tasks.
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3.4. Motivation
The process that account for an individuals willingness to exert high levels of effort to reach organizational goals, conditioned by the efforts ability to satisfy some individual need is known as Motivation. The motivation has a great role in the success of any field. The success ratio goes higher when the leader motivates his / her followers to do the work or complete the task, given to them in time. Sometimes the employees perform certain kind of difficult & hectic tasks, thats just because they get motivated by the employer / concerned authorities. The Leaders / Executives / Managers of Bank Al-Falah motivate their employees in the above mentioned manner to achieve the best results.
3.4.1.
Leaders / Executives / Managers of Bank due to their some Laziness, Avoiding of Responsibilities and Non-proper Interest in work.
3.4.2.
focused on What happen to a person when he / she do / takes some action? This step is helps to the employees of category Y that they should do more than before for organizational development, and they will get more benefits like Job Enlargement, Job Scope, Job Enrichment and Job Satisfaction etc. The Leaders / Executives / Managers of Bank Al-Falah are very careful regarding the issues of Discrimination and De-motivation due to any discrimination. They are fully avoiding those rules and regulations and anything which causes discrimination in their organization. Thats why all the leaders believe on the Equity and they are also motivating their each of the employee as well.
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CONTROL
4.1 Testing the System of Internal Controls
The general objective of testing controls is to obtain reasonable assurance that the controls are in use and operating as planned. Sampling techniques are used in AlFalah bank. Tests should meet the following criteria:
4.1.2. Documentation
Are all systems, functions, processes, procedures, programs, and activities clearly documented? Is the documentation readily available for examination? Are operating procedures adequate?
4.1.3. Recordation
Are there records that show that controls are in use?
4.1.4 Supervision
Are appropriate procedures in place for assigning, reviewing, and approving work? Do the employees adhere to procedures for assigning, reviewing, and approving work?
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4.1.5 Authorization
Are appropriate controls in place to ensure transactions and other significant activities are authorized and executed only by authorized personnel? Do employees adhere to the requirements of authorization only by authorized personnel?
4.2
Separation of Duties
Are key duties and responsibilities such as authorizing, processing, recording, and reviewing separated among individuals?
4.3
Security
Are appropriate procedures in place which limits access to resources and records to authorized personnel? Do employees adhere to security procedures?
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ETHICS
Ethics is a branch of philosophy which seeks to address questions about morality, such as what the fundamental semantic, ontological, and epistemic nature of ethics or morality is meta-ethics, how moral values should be determined, how a moral outcome can be achieved in specific situations, how moral capacity or moral agency develops and what its nature is moral psychology, and what moral values people actually abide by descriptive ethics.
5.1.2.
Individualism Approach
Any Ethical decision that can be for self interest until or unless it is not harmful for anyone else.
5.1.3.
Right Approach
In right approach, basic fundamental rights of human being are protected until or unless yours decision are ethical
5.1.4.
Justice Approach
In justice approach we treat everyone equally, fairly & consistently
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Bank Alfalah practices both damage control strategy as well as accommodation strategy on the basis of the situation.
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CULTURE
6.1 TYPOLOGIES RELATED WITH CULTURE
1st Typology
i) ii) Traditional Culture Employee Involvement Culture
Traditional Culture
It is such a culture in which tall management structure as well as centralized decision making is involved.
2nd Typology
i) ii) iii) iv) Baseball team culture Club Culture Academy culture Fortress Culture
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3rd Typology
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8.2.
Suggestions
Following are the some suggestions, which will help the Management of bank AlFalah in more effective control and greatest position, are; The bank should improve its On-line banking. They need to eliminate the Reference culture from their bank. The bank needs to expand the Network of their Braches, overseas. They should try to minimize their threats by proper planning. They need to focus more on the Consumer banking, because this field requires more attention and growth. They need to improve & grow the Employee development progress & plans. They need to decrease their rate of interest on deposits to compete their competitors. 56
REFERENCES
1. Visit of Bank Alfalah, College Road Branch 2. www.bankalfalah.com 3. www.en.wikipedia.org
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