Silk bank The name takes its inspiration from Silk, a natural element known for its unique

properties. Our inspiration also comes from the Silk route which has been a corridor for trade and commerce between Asia and the rest of the world for centuries.

Silk, known for its distinctive properties and characteristics, symbolizes Silk banks brand beliefs.

Silk bank Limited (Formerly Saudi Pak Commercial Bank Ltd) On March 31, 2008, a Consortium comprising of IFC, Bank Muscat, Nomura International and Sinthos Capital- which was led by senior bankers Shaukat Tarin and Sadeq Sayeed - acquired an 86.55% stake in Saudi Pak Commercial Bank for around USD 213 million or USD 0.47 per share (PKR 29.3 equivalent per share). Saudi Pak was rebranded as Silk bank Limited on June 1, 2009. Under the new leadership the bank will continue to focus on SME & Consumer financing resulting in efforts of increased profitability

For management purposes the Bank is organized into following four major business segments: - Corporate Finance - Trading and Sales - Retail Banking and - Commercial Banking

The board has approved a five year strategic plan with the vision to bring the bank amongst the top ten banks in the country in a period of five years. The main strategic aim is to increase the balance sheet size on the back of significant increase in deposits, together with a major focus on quality services and and recoveries The bank also continue to peruse its strategic branch expansion plan to enhance its market share.

Efficiency and effectiveness of operations Compliance with applicable laws and regulations Reliability of financial reporting

The bank Management has identified the following core values to achieve its targets: Highest quality of service Professionalism, Integrity and Team Work Innovation & utilization of latest technology Corporate & Social Responsibility

Benchmark of excellence in premier banking

To be leader in premier banking, trusted by customers for accessibility, services and innovations; be an employer of choice creating value for all stakeholders.

Silk bank Advantage Personal Loan Business Value Current Account All-in-One Current Account Visa Debit Card

The bank use centralization concept. The decisions are made by top executives or on the basis of pre-set policies. The decisions or policies are then enforced through several tiers of the bank after gradually broadening the span of controluntil it reaches the bottom tier

SWOT stands for Strength, Weaknesses, Opportunities and Threats. SWOT is useful tool For providing a framework for analysis of an organization

Experienced and Qualified Staff Good PR with Customers Good Managerial Skills Competent senior management

No HR department level at zonal and branch level Centralized decision making Lack of frequent training Lengthy recruitment process Lack of Marketing Effort

More qualified people in the market Effective utilization of internal human resources Training can enhance the employees skills.

Increase in Competition Good job opportunities outside Uncertainty about future change

After observing Silk bank very closely following Outcomes have been concluded.

I have observed a lot of strengths and weaknesses in the branch. On the basis of this observation I have come up with certain recommendations particularly related to Silk Bank but generally can be applicable to the whole banking system of Pakistan including all other branches of Silk Bank for improvement