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ASKARI BANK
ABBOTTABAD BRANCH (0024)
Roll # F-055-2011
ASKARI BANK
ABBOTTABAD BRANCH (0024)
APPROVAL SHEET
Approval Committee
1. External Examiner
Mr.______________________ Signature______________________
2. Supervisor
Signature______________________
3. Head of department
DEDICATION
This report is dedicated to my parents for giving me this opportunity to attend this degree and
supporting me throughout my student life who acted as a backbone and a major reason
behind my accomplishment and also to my honorable teachers who have always guided me
ABSTRACT
In order to be able to cope with the changing environment it is necessary to have some
practical experience. As the students of business administration we have to pass through a
series of various managerial techniques. During this practical course we are provided with an
opportunity to learn that how the theoretical knowledge can be implemented in practical
grounds.
I selected to do my internship Askari Bank Abbottabad Branch. I worked there for six weeks
and it gave me greater practical knowledge about the operations of a bank. In the following
pages I have narrated my experience, observations and all the working activities which I
observed during my internship period at Askari Bank Abbottabad Branch.
TABLE OF CONTENTS
CHAPTER 1
INTRODUCTION
01
1.1
01
1.2
Importance of Study
02
1.3
02
1.4
02
1.5
02
CHAPTER 2
INTRODUCTION TO THE ORGANIZATION
04
04
04
05
05
06
07
09
2.8
11
2.9
12
14
2.11
14
Remittances department
21
2.13
Cash department
22
24
26
26
CHAPTER 3
PRODUCTS & SERVICES
27
27
29
31
32
35
37
CHAPTER 4
ANALYSIS OF ASKARI BANK
39
4.1 Introduction
39
4.2 Analysis
39
40
43
45
52
53
53
CHAPTER
FINDINGS/ RECOMMENDATION
56
REFERENCES
59
ACKNOWLEDGEMENTS
All praise is for ALLAH, the most merciful and His Prophet Muhammad for every torch of
guidance and knowledge for humanity. I offer humblest and sincerest words of thanks to
ALLAH Almighty WHO blessed me with potential and ability to make material contribution
to already existing ocean of knowledge
.I express my gratitude to Sardar Ejaz Ahmed, who is our advisor, and also our respectable
teacher. I am thankful for his kind support during the entire period.
I like to thank the staff members of Askari Bank Abbottabad Branch, who provided me with
the information needed to complete this report.
I also like to thank my parents who supported me through their wishes and prayers during the
entire period.
Iftikhar Ahmed
LIST OF ABBREVIATIONS
AKBL
APR
ATM
CA
Chartered Accountants
DD
Demand Draft
ICAMP
ICAP
JO
Junior Officers JO
LPR
MAP
MO
Manager Operations
MTO
NIC
OJT
On Job Training
PKR
Pakistani Rupees
SAARC
SAFA
SBP
SWOT
HRD
HRIS
HRM
VHS
VP
Vice President
EXECUTIVE SUMMARY
The report is about the internship at Askari Bank, Abbottabad, during Six weeks. This
internship is a requirement for our BBA (Hons) degree. The purpose of internship is to
eliminate the gap in our knowledge that occurs between the theoretical and the practical
implications in the banking sector.
The contents of the report includes general profile of Askari Bank, products and services
offered by the bank, the financial position of the bank like its advances and deposits etc,
comparison of branch performance with the overall performance of the bank, its SWOT
analysis, conclusion and recommendations.
The purpose of the report is to critically evaluate the operations of each department of Askari
Commercial Bank at branch level. The internship was carried out to evaluate the efficiency
o\f management structure. Based on the analysis certain recommendations are made for the
improvement.
The study was carried out and the report being presented for the fulfillment of degree
requirement of Bachlor in Business Administration (BBA (Hons)) at the Govt College of
Management Sciences Abbottabad
Askari Commercial Bank Limited was incorporated in Pakistan on Oct. 09, 1991. The bank
obtained business commencement certificate on Feb. 26, 1992 and started operations from
April. 1, 1992, as public limited company, and has since expanded into a nation-wide
presence of 200 branches.
The SWOT analysis of the bank has been done in order to give a clear picture of the Bank
Strengths, Weaknesses, Opportunities and Threats. SWOT is a useful tool for providing a
framework for analysis of an organization. It is widespread approach to make assessments in
terms of internal and external environment of the organization and to formulate strategies by
analyzing its internal strengths and weaknesses, external opportunities and threats.
Some of the recommendations I made for the bank are that the bank should improve
its dealings in consumer banking which has a great potential of growth for the bank
and that the infrastructure of the bank should be improved, Paid internship program
should be introduced for students to attract, motivate and retain competent future
managers among them and employees should be properly compensated for their work
especially during the overtime period and should not be forced but instead should be
motivated.