Internship Report Summit Bank

7/24/2019 Internship Report Summit Bank

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SUMMIT BANK LIMITED

SHIKARPUR ROAD BRANCH, SUKKUR

Internship ReportSubmitted in Partial Fulfllment

ForThe Degree oBBA (Finance)

B!

Department "B#SI$%SS AD&I$ISTRATI"$

S'A' ABD# ATIF #$I%RSIT *'AIRP#R


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INTERNSHIP REPORT

ON

SHIKARPUR ROAD BRANCH, SUKKUR

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ACKNOWLEDGEMENT

By the Grace of Al!"hty Allah, the o#t Merc!f$l, a%& the o#t Be%ef!c!al, &$e to

the 'o$%teo$# 'le##!%" of Al!"hty Allah, I 'ecoe a'le to co%tr!'$te th!# re(ort o%

co(let!o% of y !%ter%#h!( (er!o& at S$!t Ba%) Lt&* Sh!)ar($r Roa& Bra%ch,

S$))$r* Th!# re(ort !# (re(are& !% (art!al f$lf!lle%t of the &e"ree of BBA

+Bachelor of B$#!%e## A&!%!#trat!o%*

Ia tha%)f$l to the #taff of S$!t Ba%) Lt&* Sh!)ar($r Roa& Bra%ch, S$))$r-

Mr* M$haa& I.'al Motla%! +Bra%ch Ma%a"er

Mr* A#!f /!a Sooro +O(erat!o%# Ma%a"er

Mr* 0a!#al Kha% +Relat!o%#h!( Ma%"er

M!##* Na&!a 1ato! +C$#toer Ser2!ce# Off!cerMr* Na#ee Ahe& 1aal! +Hea& Teller

Mr* Raf!. Ahe& M!tha%! +Teller

'eca$#e 3!tho$t the!r coo(erat!o% I 3a# $%a'le to 3r!te th!# !%ter%#h!( re(ort*

I% la#t I 3o$l& l!)e to ac)%o3le&"e y tha%)# to y (are%t#, y teacher# a%&

fr!e%, for the!r hel( a%& #$((ort*

E4ECUTI5E SUMMAR6

+T'% P#RP"S% "F ST#D ,AS T" *$", AB"#T S#&&ITBA$* I&IT%D A$D T" A$A-% T'% FI$A$.IA STAT%&%$TS +

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In this report the Summit Banks history, mission, vision and servicesas well as management is mentioned. After this the analysis ofnancial statements is conducted which shows where the Banks isstanding. Banking sector of Pakistan has een transformed within a

short period of ! years from a sluggish and "overnment dominatedsectors to a much more agile, competitive and protale industryspeed and se#uencing of anking sector transformation and its role inpromoting economic growth is now a leading story of a sector success.$ithin Pakistan SBP o%ers a story of what e%ective leadership ofregulator and change management and corporate governance canachieve and o%er. &utside Pakistan it is serving to o%er rich lessons inwhat di%erence governance of regulator can make and how ankrestructuring and privati'ation can change the landscape of theindustry.

Summit Bank (imited started operations in August )**+ and ecame aprotale entity within one year. AB( had started o% with a highcapital ase and is positioned to take advantage of the usinesssynergies and complementariness a%orded to it y its sponsoringgroup. -he ank has a #uality management team, a rst classtechnology platform, and commitment to gloal practices. Its usinessstrategy is ased on the lock/uilding0 principle wherein protaleniches are tapped progressively.

I did my +/weeks internship in Summit Bank (imited Shikarpur 1oadBranch Sukkur. 2uring internship I was rolled over in departments.

Summit Bank made heavy investments towards enhancing itscapailities in the area of automation and technology. It is wellpositioned to meet client needs, with improved competitive advantage

2uring my si3 weeks internship in Summit Bank Shikarpur 1oadBranch Sukkur, I spend my time in following departments4

5ustomer Services 2epartment

5ash 2epartment

5learing 2epartment

1emittances 6arketing 2epartment

$orking in these departments was a great learning e3posure for me.$hen I conduct nancial and trend analysis of Summit Bank, I foundthat its nancial position is improving year y year. 5omparative studywith other anks shows that it is somewhat etter then other anks. Iconcluded that Summit Bank is performing very well.

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-he data which is accumulated in this report has een collected throughprimary and secondary sources

TABLE O0 CONTENTS

INTRODUCTION....................................................................1

HISTORY2

BUSINESS AND BRANCH NETWORK3

FUTURE OUTLOOK3

VISION..................................................................................4

MISSION................................................................................4

CREDIT RATING....................................................................4

BOARD OF DIRECTORS........................................................5

MANAGEMENT COMMITTEE.................................................6

ORG.STRUCTURE OF SHIKARPUR ROAD SUKKUR

BRANCH.7

MANAGEMENT OF SHIKARPUR ROAD SUKKUR BRANCH.....8

PRODUCTS OFFERED BY SUMMIT BANK LTD......................9

ACCOUNTS9

CURRENT ACCOUNT9

PLS ACCOUNT9

TERM DEPOSIT10

MAHANA AMDAN ACCOUNT10

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DAILY PRODUCT ACCOUNT12

HAMARA FAMILY ACCOUNT12

SUMMIT ADVANTAGE ACCOUNT13ELECTRONIC BANKING SERVICES

14MOBILE BANKING

15INTERNET BANKING

15CONTACT CENTRE

16UPAYMENTS

1! MOBILE BALANCE RECHARGE1!

BILL PAYMENTS1!

INTER BANK FUNDS TRANSFER1"

ESTATEMENT19

CONSUMER BANKING20

HOME FINANCE20

PERSONAL FINANCE 22WEDDING PLANNER 23GRADUATE PLAN 24GOLDEN AGE PLAN 25

INSURANCE PLANS 26ATM WITHDRAWAL INSURANCE 26PERSONAL ACCIDENT INSURANCE 26

CORPORATE AND INVESTMENT BANKING 2!AREAS OF CORPORATE BANKING 2!AREAS OF INVESTMENT BANKING 2!

COMMERCIAL AND SME BANKING 2"VISA DEBIT CARD 29

CLASSIC CARD 29GOLD CARD 30

WESTERN UNION 31AMANAT CASH 32#PRESS MONEY 32

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DEPARTMENTS AT SHIKARPUR ROAD BRANCH SUKKUR...33

CUSTOMER SERVICES DEPARTMENT 33ACCOUNT OPENING PROCEDURE 33

ACCOUNT CLOSING PROCEDURE 34CAPTURED ATM CARDS 35

CASH DEPARTMENT 35CLEARING DEPARTMENT 35

OUTWARD CLEARING 36INWARD CLEARING 36COLLECTION $OBC% 3!

SWOT ANALYSIS..................................................................37

STRENGHTS 3!WEAKNESSES 3!

OPPORTUNITIES 3!THREATS 3!

CONCLUSIONS....................................................................38

SUGGESTIONS....................................................................39

REFERENCES.....................................................................40

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INTRODUCTION

B&'()'* +,-./ /,+ & )/.& )/.&'-, )' ., ,-/'/7 /8 &'7 -/'.7 ./* ).+):&'. 8'-.)/'+; A ank is a nancial institution that o%ers the widestrange of nancial services. -hese nancial institutions play a vital rolethroughout the worlds economic system.

-he anking structure of Pakistan consists of State Bank of Pakistan,5ommercial Banks, 73change Banks, 5ooperative Banks, Saving Banksand Speciali'ed 5redit Institution. Banking means the accepting ofmoney from pulic, in shape of deposits for the purpose of lending orinvestment, repayale on demand or otherwise, and withdrawal yche#ues, drafts, and pay order0

-he Pakistani anking sector mounted an overall recovery drive,increasing its asset ase y appro3imately 89 during the year .owever, credit and usiness conditions are likely to remain fragile,driven y the government:s weak scal position and the suduedinvestment climate. ;urthermore, downside risks may further weighon the anks: operating environment over the period.

owever, despite the material risks, no further ma+9 of total lending y year/end

)*>>, from >!.?9 at end/@une )*>>. Short/term economic growth,lower interest rates and de/risking of the anks: loan ook will drivestaili'ation in asset/#uality metrics.

1ecogni'ing the system:s structural challenges the Bank as a policyopted for and eneted from sound funding proles and low/costcurrent and savings account deposits, which increased to +9 of totaldeposits or !+9 of total liailities at end/@une )*>>. -he Banksreliance on market and foreign funding also remained minimal.

-he year )*>> remained fraught with challenges for Pakistan,the core issues which a%ected Pakistan s economy and werealso identied in the 7conomic Survey issued y the "overnmentincluded persistent and high ination, low growth, lesser in revenuecollection compared to udget gure leading to a high scaldecit which continues to add to the overall det along with afall in the investments. All these factors, comined with the gloal

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economic slowdown and rise in gloal fuel prices have furthercomplicated the issues and economic scenario.

-he economic development of Pakistan remained under pressure due

to the deterioration of ma


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B7 &-?))'* /', /8 ., :,+. IT &.8/+ /8 ., /


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T, B&'( )+ -/)..,< ./ /:+,&'-, &'< &


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Rat!%" Ty(e- 1CR 7 5IS

Rat!%"

A"e%cyShort Ter

Me&!$ to Lo%"

Ter

S$'or&!%ate&

De't I%#tr$e%tO$tloo)

CRVIS A A2 A $SO% R&.)'* W&.- D,,/)'*

BOARD O0 DIRECTORS

Mr* Na##er A'&$llah H$##a!% Lootah

C&)&'

Mr* H$#a!% La3a!

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MANAGEMENT COMMITTEE

H$#a!% La3a!P,+)


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A9!9 Morr!#

H,&< /8 I'.,'& A


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&A$A/%&%$T "F S#&&IT BA$* TDS'I*ARP#R R"AD BRA$.'0 S#**#R

BRA$.' &A$A/%R6r. 6uhammad I#al 6otlani

"P%RATI"$S &A$A/%R6r. Asif Cia Soomro

R%ATI"$S'IP &A$A/%R6r. ;aisal Dhan

.#ST"&%R S%RI.%S "FFI.%R6iss. =adia @atoi

'%AD T%%R6r. =aseem Ahmed @amali

T%%R6r. 1a# Ahmed 6ithani

"


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PROUDUCTS:SER5ICES O00ERED B6 SUMMIT BANK LIMITED

A.."#$TS

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De(o#!t L!!t#

R+; 50=000 ./ R+;10 ))/'

Rate of Prof!t

T, D,/+).+ E,-.,< R&., /8 P/8).3 M/'.+ 9;50>

6 M/'.+ 10;00>1 Y,& 11;00>2 Y,& 11;25>3 Y,& 11;50>

Note#-

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Tra%#fer 0$% thro$"h ATM

I'+,. 7/ ATMVISA D,:). C&

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Internship Report Summit Bank

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