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HISTORY
First Women Bank Limited was incorporated as a Scheduled Commercial Bank in Public Sector as Public Company Ltd by shares on 21st November 1989 Under Companies Ordinance 1984 & Commenced its business on 2nd December 1989 with a paid up capital of Rs. 100, 90% of which was contributed by five leading public sector Banks of the country viz: National Bank of Pakistan, Habib Bank Limited, Muslim Bank Commercial Limited, United Bank Limited and Allied Bank of Pakistan Limited in varying proportions and 10% had come from Federal Government.
MISSION
Financially sustainable bank with a specialized focus on promoting economic prosperity and self reliance in women of urban and rural areas
VISION
To be the lead Bank for women, dynamic, adaptive and responsive to their special economic needs, offering the best financial services and the best banking practices
NATURE OF ORGANIZATION
Receiving Deposits Advances of Money Safe Custody Transfer of Money General Utility Services
BUSINESS VOLUME
FWBL crosses Rs. 1 Billion in Profit
Best out reach to women (loan disbursed) Balance sheet size/ Total Assets PACRA credit Rating Long Term Short Term Recovery Rate Rs. 8.5 Billion Rs. 10.503 Billion
BBB+ A2 98%
ORGANIZATIONAL STRUCTURE
ZARINE AZIZ (PRESIDENT) Charmaine Hidayatullah Head of Legal & Security, EVP Shahid Siddique Amjad Mughal Head of Finance & Planning Shafqat Sultana Head of SME, EVP Tauqir A. Siddiqui CIO & Head of Information Technology Naushaba Shehzad Dy. Head Credit Mustansir Rao Treasurer Ferozeali Hussaini Dy. Head Risk Management Division Mr. Abdul Ghafoor Head of HRD
ORGANIZATIONAL HIERARCHY
BOARD OF DIRECTORS: Chairperson & president/CEO
AUDIT COMMMITTEE
EXECUTIVE COMMITTEE
TREASUR ER
LEGAL ADVISOR S
AUDITOR S
COMPETITORS
National Bank of Pakistan Habib Bank Limited Muslim Bank Commercial Limited United Bank Limited and Allied Bank of Pakistan Limited & ALL COMMERCIAL BANKS.
MAIN OFFICES
Sindh & Baluchistan Region Imperial Court Branch Karachi Punjab Region Main Boulevard Branch Lahore Islamabad Region Blue Area Branch Islamabad NWFP Region The Mall Branch Peshawar
NUMBER OF EMPLOYEES
Number of employees in FWBL as mentioned by head of HR, Mr. Abdul Ghafoor, is 542. The number of employees from 2000-2008.
FINANCE OPERATIONS:
Receive demand deposits and pay customers' checks drawn against them, and operate Automated Teller Machines (ATMs); Receive time and saving deposits, issue negotiable orders of withdrawal (NOWs), and pay interest thereon, as well as provide automatic transfer services for funds from saving accounts to cover checks;
CRITICAL ANALYSIS
Horizontal analysis & Vertical analysis
SWOT Analysis
STRENGTH: BRAND NAME HUGE NETWORK MARKET SHARE WEEKNESSES: Focuses to womens mainly Less number of branches comparatively It appears that the bank has shortage of staff Bank's advertisement policy appeared to be less attractive OPPORTUNITY: Competitor going bankrupt Broadband technology has been installed in the area THREAT: Existing product becoming unfashionable or unpopular Large and increasing competition
CONCLUSION