Beruflich Dokumente
Kultur Dokumente
DEPARTMENT OF COMMERCE
BAHAWALNAGAR CAMPUS
INTERNSHIP REPORT
On
Bank Alfalah Limited.
Ghalla Mandi Branch, Haroonabad, Punjab.
INTERNSHIP PERIOD:
SIX WEEK
SUBMITTED TO:
SUNDAS SHAHEEN
SUBMITTED BY:
MOHAMMAD AHSANULLAH
ROLL # 21
DEPARTMENT OF COMMERCE
MSC ACCOUNTING AND FINANCE (2013-2015)
CONTACT INFORMATION:
03347268872
AHSANULLAH772@YAHOO.COM
PREFACE:
Internship training program provides an opportunity to study the theories of books in
practice. Internship is an integral part of the Department of commerce, the Islamia
University of Bahawalpur. Due to This effort a student get practical experience. During
internship a student gains our practical knowledge.
As a commerce student of MSc accounting and Finance I have also done my internship at
Bank Al-Falah limited Ghala mandi branch Haroonabad. Here I come to know very
interesting experience of learning and working with people of Different department.
After completing the internship, it is required to write a internship repots. I have tried my
best to collect the relevant information and facts related to bank al falah limited. So that
report is the output of my internship training program in bank al falah limited in
Haroonabad branch.
INTERNSHIP REPORT-2015
ACKNOWLEDGMENT:
By the grace of Almighty Allah, the most merciful, the most beneficial for enabling me
to accomplished this task successfully.
I express my special thanks to following persons, especially Mr. Hamid (credit officer)
and Mr.Sarfraz Ahmad (DMS Officer) who working in Bank al falah Limited,
Haroonabad Branch for their kind cooperation in completing this report.
I also express my special thanks to Miss. SUNDAS SHAHEEN Placement officer for the
internship and MR. SAJID AMIN Head of Department of Commerce who provided me
such a great opportunity to get practical experience and guide me with their suggestion
to complete this internship report.
I also thankful to my parents who made this possible to complete my education and this
report without their prayers it is very difficult for me to complete this comprehensive
task.
INTERNSHIP REPORT-2015
DEDICATION
INTERNSHIP REPORT-2015
CONTENT OF REPORT
Preface
Acknowledgment
Dedication
Executive Summary
Introduction of Bank
History of Bank Al-Falah
Introduction of Bank Al Falah
Core Objective of Bank Al Falah
Branch Network
Chairman Message
Organization Hierarchy
Branch Functional Chart
Board of Directors
Management of Bank al Falah
Board of Advisory Committee
Finance Department
Accounts Department
Cash Department
Marketing Department
Internal Audit Department
My Internship Plan
Financial Statement Analysis
Ratio analysis
Swot analysis
PEST ANALYSISS
Recommendation
Conclusions
02
03
04
06
08
08
09
10
10
10
11
12
13
14
14
15
19
26
28
31
33
36
41
45
47
48
50
TABLE of Annexure:
Sr.
1
2
3
Annexure
A
B
C
Income statement
Balance sheet
Internship Letter
INTERNSHIP REPORT-2015
Executive Summary:
Internship training program provides a chance to students to make themselves Familiar with
the actual business environment. It also provides an opportunity to study the theories of book
in practice. So The Department of Commerce, The Islamia University of Bahawalpur (Sub
Campus Bahawalnagar) requires every student of MSC Accounting Finance to go through
training for practical exposure as trainee. After completing the internship, it is required to
write an internship report, covering all aspects of that organization this report is written on
Bank al falah Limited.
I have tried my best to collect all the relevant information and facts related to Bank Al
Falah Limited Haroonabad Branch operations functions and tasks to gain knowledge. So this
report is the result of my internship in Bank Al Falah Limited in Haroonabad Branch.
This internship report briefly explains the functions which are being performed at
Bank al Falah Limited. Bamk al falah limited operates 471 domestic branches.
INTERNSHIP REPORT-2015
CHAPTER 1
INTRODUCTION
INTRODUCTION OF BANK
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INTERNSHIP REPORT-2015
WHAT IS BANK:
In simple word, we can say that bank is a pipeline through which money moves into and out
of circulation. Bank accepts deposits and repays cash to its customers on demand. The bank
borrows money at a lesser rate of interest and lends it to the borrower at a higher rate. The
difference between high and low rate of interest is called bank.
INTERNSHIP REPORT-2015
Bank Alfalah is most of the emerging bank in Pakistani banking market. That organization
offers the different type of products and services according to the current market
environment.
ATM machines have been increased in most of the branches but still need to expand their
network in every branch of Bank Alfalah. It is also introducing a new and more advanced and
latest funds settlement through computerized. It is a strong point of Bank al Falah that makes
it a highly technological oriented bank.
Bank al falah has many opportunities in future to increase the volume of business because it
has options to capture the market through (Al-Falah Car Financing, Al-Falah Visa, & also AlFalah Home Finance etc.) Bank al falah has been performing very well from the starting time.
All financial institutions of Pakistan relating to commercial banking concerns give Bank AlFalah Ltd as a leading bank in domestic market sector.
Through SWOT analysis we have found that Bank al falah has competitive advantage over
other banks and it wants to capture the prospects of foreign banks to achieve long-term
objectives of the bank.
INTRODUCTION:
Type
private
Industry
Founded
Key people
Head office
Karachi Pakistan
Product
Revenue
Net income
8.513 billion
Slogan
way forward
Website
www.bankalfalah.com
No of employee
7785 in 2014
Branches
471
INTERNSHIP REPORT-2015
Objectives can be defined as specific results that an organization seeks to achieve in pursuing
its basic mission. Objectives are essential for organizational success because they state
direction.
Bank Al-falah Limited objectives are as follows:
BRANCH NETWORK:
Bank al Falah limited has 471 branches in 165 cities of Pakistan. The network is
divided into different regions.
CHAIRMAN MESSAGE:
Starting off with just a handful of branches in 1997, today Bank Alfalah operates steadfastly
with a vast footprint in order to provide creative, customized financial solutions to over 1
million consumers, corporations, institutions and governments. Our top most priority is to
meet the changing financial needs of our diverse range of customers our service philosophy
entails the fact that our success will follow if our clients are served well. We remain
committed to this goal and hence continually seek to introduce customized financial solutions
in Pakistan and beyond. I am confident that Bank Alfalah will remain at the forefront of the
evolving financial services landscape in Pakistan in order to serve our clients even better.
With the support of all our stakeholders, we hope to promote a workplace environment where
we take responsibility for our actions and promote respect, inclusiveness and uncompromised
integrity most importantly, create a Company which can survive through good times and
bad.
MANAGEMENT ORGANIZATION:
10
INTERNSHIP REPORT-2015
Chair Man
Boar of Director
Executive Incharge
Area Manager
Area Manager
NORTH
SOUTH
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INTERNSHIP REPORT-2015
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BOARD OF DIRECTORS
At the top of the human resource hierarchy sits the Board of Directors and Executive
Committee. The most important task of this level of management is strategic planning,
determining the goals and objectives and to formulate the policies.
Director-Abdulla Nasser
Huwaileel Al-Mansoori
Director-khalid mana
Mr.Eftratios Saeed al utaiba
Director-Abdullah khalil
al mutawa
13
Director- Mr.Kamran
Y. Mirza
DirectorGeorgios Arapog
INTERNSHIP REPORT-2015
Head, Strategy
14
Director
Director
Member
Member
Secretary
Chief Operating Officer
Company Secretary
Chief Financial Officer
INTERNSHIP REPORT-2015
CHAPTER
FINANCE DEPARTMENT
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INTERNSHIP REPORT-2015
FINANCE:
Finance is the art of raising and spending money. The finance department of Bank Al Falah
provides the following different services.
AGRI FINANCE:
Products
Bank Alfalah offer following wide range of Agri Finance Products to encourage farmers to
increase agriculture production.
Eligibility:
INTERNSHIP REPORT-2015
Eligibility Criteria
You can apply for Bank Alfalah Home Finance
INTERNSHIP REPORT-2015
If you have been a Bank Alfalah borrower for past one year with clean payment record.
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INTERNSHIP REPORT-2015
CHAPTER
ACCOUNTS DEPARTMENT
ACCOUNTS DEPARTMENT
One of the basic functions of a commercial bank is to receive deposits and to honors cheques.
Accounts offered by the banks for the deposits of customers constitute the basis of their
operations and develops the basic relationship between a banker and customer.
METHOD FOR OPENING THE NEW ACCOUNT
Record opening structure
At the point when a client comes to open a account in the limb he is given a printed
structure, to be filled by him. This comprises of full name, address, and date of conception,
occupation, phone number, and N.i.d. card number.
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INTERNSHIP REPORT-2015
CURRENT ACCOUNT:
No interest for checking account.
Minimum account opening requirement for Rs.1000 only.
Free debit card can be used to withdraw cash.
No restriction on number of withdrawals and on number of deposits
If the amount the balance is less than the minimum requirement i.e. Rs. 10,000, in a
given month, service charges of Rs.100 will be charged on monthly basis.
Zakat is deducted annually on first Ramazan.
NOTE: However, in above condition, the person, if he is Govt Employee or student, then
required to submit the application for non-deducting of charges after which these service
charges are not deducted.
INTERNSHIP REPORT-2015
TERM DEPOSIT:
Term deposit is a fixed PLS account where the profit rates increase with the term of deposits
as:
Term Deposits (for individuals)
Rate
1 Month
4.50%
3 Month
5.00%
6 Month
5.25%
1Year
5.50%
2Year
6.00%
3Year
6.50%
4Year
7.00%
5Year
7.50%
ROYAL PROFIT:
More the Saving, Higher the Profit Rate
Minimum Deposit requirement of Rs. 50,000 only.
Higher returns on higher balances.
No restriction on number of withdrawals and on number of deposits.
Free debit card can be used to withdraw cash and make purchases at thousands of
outlets across Pakistan which provides access to funds 24 hours a day.
Profit is credited to the customer account on monthly basis.
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INTERNSHIP REPORT-2015
AL FALAH KIFAYAT:
Any Pakistani resident over the age of 18 can open this account. This account is for
individual/joint customers only. Other customers like companies, corporate etc. are not
eligible for opening of this account.
Minimum balance requirement for opening this account is Rs. 10,000/- with a
maximum of Rs.1, 000,000/ Three debit transactions are allowed in a month either through cheques or Debit Card
The bank will issue the first cheques book of 25 leaves and a Debit card free of cost.
Profit will be calculated on monthly minimum balance basis and will be credited in
the account on quarterly basis. No profit shall be payable for a particular month.
Only one account per customer will be allowed across all branches of Bank Alfalah.
ALFALAH EDUCATION:
Alfalah Education is a Term Deposit product with no Additional Cost education insurance
cover for account holders with school going children. Alfalah Education Account offers
tuition fee reimbursement of children for 15 years of schooling in the unfortunate event of the
death (either through accident, illness or natural causes) of the main breadwinner (account
holder) parent.
Features:
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INTERNSHIP REPORT-2015
Deposits can be placed in multiple of 100,000 units with maximum 3 units allowed
per depositor, i.e. a maximum deposit per customer of Rs. 300,000 across all
branches.
All 3 units can be purchased for 1 child or each for up to 3 children.
No evidence of insurability (medical examination/health decoration) is required.
The product will be offered as a 1 year term deposit at upto 7 % profit to be paid at
maturity
Regular Zakat and WHT would apply on the deposit
No Joining Fee
Join Alfalah VISA without paying any joining fee.
No Annual / Renewal Fee
Alfalah VISA is the only credit card in Pakistan with no annual or renewal fee.
Cash Advance Facility 75% of Credit Limit
Now you can avail Cash Advance Facility up to 75% of your available credit limit. Enjoy the
benefits of this exclusive offer on your Bank Alfalah Credit Cards. You can get cash from
Alfalah ATMs.
23
INTERNSHIP REPORT-2015
COMPETITORS:
Bank Alfalah is a private commercial bank so the major competitors of Bank Alfalah are as
under;
FINANCIAL HIGHLIGHTS:
Bank Alfalah has grown 51.84% in its total assets and 101.35% in its equity. The Bank netted
record pretax profit of Rs. 3.506 billion, a 291.85% increase over the corresponding years to
2004, which includes capital gains on Federal Government securities of Rs. 2.19 billion. The
deposits of the Bank rose to Rs. 76.7 billion which is 48.4% higher than corresponding period
24
INTERNSHIP REPORT-2015
last year (2004) and indicative of increasing customers confidence in your Bank, because of
its superior services and healthy practices. The Loans and Advances figure stood at Rs. 50.37
billion, an increase of approximately71% over the last financial year (2004)
The profit after taxation for Bank Alfalah in 2008 amounted to Rs.1, 301 million and its total
assets for 2008 amounted to Rs.348, 990 million. The overall performance of BAL is
decreased in 2008.
25
INTERNSHIP REPORT-2015
CHAPTER 4
CASH DEPARTMENT
26
INTERNSHIP REPORT-2015
Cash Department
It provides its user the following facilities.
Accept Deposit
At the point when a client needs to store any sum in its record it goes to the pertinent
officer who acknowledge store and give a receipt to the client. The clerk in clerk long book
enters the sum saved by the client on its credit side.
27
INTERNSHIP REPORT-2015
CHAPTER 5
MARKETING DEPARTMENT
28
INTERNSHIP REPORT-2015
MARKETING:
The set of marketing tools that the firm uses to pursue its marketing objectives in the
target market.
TARGET MARKET
The targeted market of bank Alfalah is unilever Pakistan, sugar mill, coca cola, haleeb foods
industries and fauji fertilizer all of these is the major contribute in the GDP of Pakistan. Bank
Alfalah is one of the major banks to maintain the bank accounts of these above companies.
The major customer of bank Alfalah is business men, factories, petrol pumps, CNG Station,
flour mills, cotton finning and ghee mills and many others.
FOUR PS OF MARKETING:
Marketing is a Combination of Four Ps: Product, price, place and promotion.
BAL four Ps are given as under:
Description
Product/Service
Price
Promotion
Place
PRODUCT:
Bank Alfalah presents a range of quality services to its reputable customers. Bank Al
Falah provides a wide range of products/ services to its customers.
PRICE:
The amount of money the customers pay for the product of a company.
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INTERNSHIP REPORT-2015
PROMOTION:
All activities that a company undertakes to communicate and promote its products.
PLACE:
The activities a bank undertakes to make products and services easily available or
accessible to the customers.
30
INTERNSHIP REPORT-2015
CHAPTER 6
INTERNAL AUDIT
DEPARTMENT
INTERNSHIP REPORT-2015
The Implementation of the Charter of the Internal Audit Department issued by the
State Bank of Pakistan.
Preparation of Audit plan in consultation with Management & Audit Committee
Caring out annual inspection of offices Departments of the Bank of the Bank in the following
operations:
32
INTERNSHIP REPORT-2015
CHAPTER 7
MY INTERNSHIP PLAN
INTERNSHIP REPORT-2015
I had to report at 9.00 am. If I was late for 3 days, I would be fired. It was implementing for
the other entire employees. The bank timings were 9.00 am to 5.00 pm for all other
employees, but I am thankful to the manager for relaxations me and I was allowed to leave at
3.00 pm.
The overall staff was quite cooperative and friendly, and everyone treated me very well. But
at the same time, there was a very strict policy about punctuality as well as discipline.
The Following are the departments in which I have worked;
1) REMITTANCE DEPARTMENT:
The next 7 days of my internship were in the remittance department. Here, my duty was to
remit amounts. I was responsible for remitting amounts to different accounts, which were
received from foreign countries.
Demand Draft
Telegraphic Transfer
Payment Order
2) ACCOUNTS DEPARTMENTS:
I worked for two week (14 days) in accounts department, here i duty to open the new
accounts and fill the deposits slips. i also work for maintaining the ongoing accounts
Secondly I was assigned the duty of opening new public accounts. I opened a number of new
accounts during my working period of internship.
34
Account opening
Account closure
Balance conformation
Statement of Accounts
DD application
Stop Payment Request
Information about Deposit Schemes
Cheques book requests etc.
INTERNSHIP REPORT-2015
35
INTERNSHIP REPORT-2015
CHAPTER 8
FINANCIAL STATEMENT
ANALYSIS
36
INTERNSHIP REPORT-2015
(Amount in %)
Assests
Cash & Bank Balances
Balance with other banks
Lending To Financial Institution
Investment
Advances
Operating Fixed Asset
Deferred Tax Asset
Other Assets
Total Assets
Liabilities
Bills Payable
Borrowing
Deposit & other Account
Sub-Ordinate Loan
Liabilities Against Asset
Deferred Tax Liability
Other Liabilities
Total Liabilities
Net Assets
Share Capital
Reserve
Unappropriated Profit
Surplus On Revaluation of Assets
Total
2012
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
2013
2014
105
130
287
115
111
107
313
123
113
87
46
208
171
124
114
0
235
138
113
108
114
170
83
114
105
100
129
114
79
105
139
260
132
169
106
137
148
117
218
146
153
148
INTERNSHIP REPORT-2015
(Amount in %)
Assets
Cash & Bank Balances
Balance with other banks
Lending To Financial Institution
Investment
Advances
Operating Fixed Asset
Deferred Tax Asset
Other Assets
Total Assets
Liabilities
Bills Payable
Borrowing
Deposit & other Account
Sub-Ordinate Loan
Liabilities Against Asset
Deferred Tax Liability
Other Liabilities
Total Liabilities
Net Assets
Share Capital
Reserve
Unappropriated Profit
Surplus On Revaluation of Assets
Total
2011
10.81969
4.980923
0.163453
35.32125
43.60632
2.562605
0.071691
2.474065
100
2012
10.01013
5.685711
0.412481
35.93072
42.65098
2.426322
0.196916
2.686741
100
2013
6.7977
1.65943
2.46438
43.6425
39.1046
2.11809
0
4.21336
100
1.665466
4.193407
90.30053
1.160513
1.646774
3.988623
90.68202
1.723995
1.6838
7.90952
86.7758
1.43017
0
2.68008
100
44.60404
18.63482
21.6932
15.06795
100
0
1.958589
100
42.29099
22.80196
23.50916
11.3979
100
0.1222
2.07853
100
35.4145
27.5285
21.4493
15.6077
100
2012
2013
2014
100
100
95.4017757
98.4224505
120.1792004
121.8361264
INTERNSHIP REPORT-2015
100
100
100
100
100
100
100
90.9308745
51.6388924
5.54747012
368.38488
29.6090635
105.457925
29.6090635
117.726784
78.3285683
5.02664684
0.429553265
43.10297055
135.4050607
43.10297055
100
100
100
100
100
110.39706
138.247183
117.263838
119.645708
560.225017
122.9949971
141.0492722
155.9862809
79.68125
10595.49967
100
100
100
106.043791
113.697396
108.147935
123.1439328
124.1040935
131.715539
100
100
100
100
100
0
0
100
100
100
100
100
100
113.711774
-147.94699
89.1148343
111.554507
100.353948
0
0
100.353948
76.3968976
68.75
21.0723503
95.6975072
102.630066
133.2620825
364.0024332
99.72406528
134.4280358
125.5095455
0
0
125.5095455
99.38263648
-24.011875
38.18300328
128.9901445
123.8081912
2011
2012
2013
100
59.6790
5
40.3209
5
100
61.56865
100
60.5018
38.43135
39.4982
39
INTERNSHIP REPORT-2015
4.01158
5
3.70841
2
0.00252
6
7.72252
2
32.5984
3
7.72252
2
2.171383
2.61461
0.215639
0.15511
0.009754
9E-06
2.396776
2.76973
36.03458
36.7284
5.50503
8
0.75751
2
2.84224
2
2.88195
0.00327
9
3.81152
6
15.8015
5
48.3999
8
6.370322
5.63402
1.097715
0.88906
3.493565
3.68908
3.614324
0.019256
1.91079
0.2891
4.236699
3.90555
18.83188
16.3176
54.86646
53.046
32.9949
3
0.23545
8
0.44907
4
33.6794
6
14.7205
2
0
0
14.7205
2
6.81839
39.32748
36.5868
-0.36514
0.71316
0.41948
0.37264
39.38182
37.6726
15.48464
15.3734
-0.0118
0
15.48464
0
0
15.3734
5.460107
5.63849
INTERNSHIP REPORT-2015
Prior Year
Deferred
Total Taxation
Profit After Taxation
1
0.34722
1.63808
4.83308
4
9.88743
3
-0.25022
0.06938
-0.36182
-0.52045
4.848066
5.18742
10.63657
10.186
RATIO ANALYSIS:
Ratio is a simple mathematical representation of relationship of one item to another.
Following are the ratios which are necessary to measure the performance of a financial
institution.
Earning Assets
Results
2012
199,477,762
536,466,694
37.18362467
611,427,624
36.89154728
743,128,293
44.98637142
2013
225,565,111
2014
334,306,454
Earning
Assets
INTERNSHIP REPORT-2015
2012
46079918
199,477,762
23.10027822
225,565,111
19.48929948
334,306,454
16.56518333
2013
43,961,060
2014
55,378,477
1,164
741558.1615
4,288
181011.5205
199229940
536,466,694
22.18689778
611,427,624
19.3211223
743,128,293
19.81695898
2013
7,761,774
2014
9,961,497
Total Equity
2012
119,025,317
2013
118,134,679
2014
147,265,429
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INTERNSHIP REPORT-2015
Total Deposits
2012
21,227,834
119,025,317
17.83472167
118,134,679
19.56673705
147,265,429
37.50569049
2013
23,115,102
2014
55,232,916
Loans to Deposits
Total
Deposits
Total Loans
2012
233,933,358
21,227,834
1102.012377
23,115,102
1128.179534
55,232,916
526.130536
2013
260,779,850
2014
290,597,237
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INTERNSHIP REPORT-2015
CHAPTER 9
SWOT AND PEST
ANALYSIS
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INTERNSHIP REPORT-2015
SOWT ANALYSIS:
SWOT stands for Strengths, Weakness, and Opportunities and Threats which business facing.
The SWOT analysis is a broad and critical overview of the operations, actions, comments and
conventions, services and other related activities the analysis of the Bank Al Falah Limited
Haroonabad. Bank Al Falah has extremely effectual system of branches all over the state.
Bank Al Falah not just has made investment in commerce other than too in small level
industry as well.
STRENGTHS:
Bank Alfalah is considered to be a very sound bank in the financial circles. A bank where the
customers can safely keep their money as long as they want. I am pointing some of the major
strengths of the bank.
Location
Goodwill & trust
Foreign trade business
Wide branch network
The computerized system
Appointed highly capable people
Latest technological instrument
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INTERNSHIP REPORT-2015
WEAKNESSES:
Perfection is only the claim of Allah Almighty. No other being living or dead
can say this for itself. Similarly, Bank Alfalah also has some short comings that need to be
mentioned:
Advertisement
Problems of employees
Problems of employees
No entertainment facility available for clients
OPPORTUNITIES:
Bank Alfalah has grown up its business with a very high pace and it has got tremendous
popularity, even with in a very short span of time. There are many opportunities for the bank
and by availing that it can stand amongst the top foreign banks.
Information technology
Extension of branch network
Growth in deposits
THREATS
Economic conditions
Competitors
Policies of statement
The SWOT analysis of the bank signifies that its strengths overcome its weaknesses and its
opportunities are more than its threats. This is a positive sign for any organization
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INTERNSHIP REPORT-2015
PEST ANALYSIS:
PEST stands for Political, Economic, Social and Technological. A examine of the outside
macro environment in which the firm operate be able to expressed in the subsequent factors.
By analyzing these factors we enable to identify external factors which affect the business of
the bank.
Political factor
Economic factors
Social factors
Technological factors
POLITICAL FACTORS:
Political factors also remain in the attention during the year. Although the political situation is
liable to remain unstable for a while we suppose law and order situation is the
most significant medium of its power on the economic activity. Political factors might also
contain goods & services which the government desires to give or be provided (merit goods)
& those that the government does not want to be provided. Privatizing, deregulation and
focus on foreign investment is the main pillar of economic policies of all the most important
party. State Bank of Pakistan is the regulatory body in the banking sector. The decision made
by the State Bank of Pakistan heavily affects the business of bank.
ECONOMIC FACTORS:
The economic factors can also affect the business of the bank. Economic indicator includes
GDP, inflation, balance of payment, debt of the government. Pakistans economy
has observer the most complicated era after posting six successive years of healthy financial
development. The saving capacity of people is declining day by day through inflation. Interest
rate can also effect on banking business sometimes interest rate is very high and economy
move to negative figures.
SOCIAL FACTORS:
Social factors similar to values, demographic characteristics such as age,
gender etc. are also disturbing Bank al falah as well as the bank division.
For the reason that of these morals some professional dont desire to
47
INTERNSHIP REPORT-2015
connect banking section, & some people dont remain their funds in the
banks, for the reason is that of religious believes. Bank al falah has
misplaced many clients because of this reason due to move from Islamic
banking to conventional banking. Now the bank has the Islamic banking
system for its clients.
TECHNOLOGICAL FACTORS:
The bank sustained its strategy of improvement technology to assemble up the challenge of
up to date banking. With the successful accomplishment of new central database system bank
is in the last stages of completion of prediction Financials that will give it important role in
all these sectors. As the new technologies introduced Bank al Falah implement those
technologies in their operations. On line banking and ATMs are also launched in the Bank Al
Falah.
CHAPTER 10
RECOMMENDATION
48
INTERNSHIP REPORT-2015
RECOMMENDATIONS:
In bank al falah limited ghalla mandi branch Haroonabad I worked 6 week internship training
program. That is my first practical experience in any organization; I feel very happy and work
as regular employee of bank al falah. Before I have few knowledge about banking sectors.
but now, through this practical training I have gain important knowledge, who give me
benefit in upcoming professional life.
Finally, we are giving some suggestions for Bank Alfalah Limited. These suggestions are
based on our experience with bank.
I suggest that to conduct the employees training course on regular basis.
Increase in cash officer due to customer satisfaction for save time.
Encourage the new and existing customers for avail the new products and services of
bank al falah.
Lockers, ATM, credit card, traveler cheques all these facilities should be provided to
attract more customers.
More focus on marketing department
Enhance the computer networking services and adopt the latest technology
The critarea of appointment the new employee must be well defined.
To improve the working relationship and environment between the employees.
The promotion of the employee must be on work performance and experience basis.
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INTERNSHIP REPORT-2015
CHAPTER 11
CONCLUSION
50
INTERNSHIP REPORT-2015
CONCLUSION:
I would like to conclude it no organization is free of problems or do not face any problem
while performance in operation. So the management of bank al falah is taken to step
overcome these problems and taking sensible step to compete the current market trend.
BANK ALFALAH under the leadership of Sheikh Nahayan Mubarak Al-Nahayan has made
significant in building of strengthening both the corporate and retail banking sectors in
Pakistan.
The people of bank innovation, creativity, reliability, customized services and their execution
are the key Factors for their future growth. Based on this approach, They are aware that they
have stepped into the 21st century and they must meet its challenges by acquiring the highest
levels of Technology.
They say that they will invest in the modern tools and substantial allocation of resources will
be made to achieve this objective during the current years.
Their focus would be to constantly seek out growth opportunities through increased quality
assets and by offering a wider range of products and services to their esteemed customers.
There are significant growth opportunities for BANK ALFALAH and they are confident in
their ability to grasp them. They are committed to enhancing the shareholders value and look
forward with greater optimism to a prosperous future for BANK ALFALAH.
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INTERNSHIP REPORT-2015
TABLE OF ANNEXURES
Balance Sheet
Rs 000
Assets
Cash & Bank Balances
Balance with other banks
Lending To Financial
Institution
Investment
Advances
Operating Fixed Asset
Deferred Tax Asset
Other Assets
Total Assets
Liabilities
Bills Payable
Borrowing
Deposit & other Account
Sub-Ordinate Loan
Liabilities Against Asset
Deferred Tax Liability
Other Liabilities
Total Liabilities
Net Assets
52
2012
58,044,054
26,720,993
876870
2013
61,204,697
34,764,008
2522022
2014
50,515,643
12,331,713
18,313,485
189,486,762
233,933,358
13,747,520
384,601
13,272,536
536,466,694
219,690,369
260,779,850
14,835,200
1,204,000
16,427,478
611,427,624
324,319,454
290,597,237
15,740,100
8,430,910
21,227,834
457,118,723
5,874,742
9,543,480
23,115,102
525,525,770
9,991,000
11,350,528
579,525,880
31,901,744
11,758,155
55,232,916
605,963,224
9,987,000
853331
14,514,599
698,309,225
44,819,068
13,567,083
506,219,292
30,247,402
31,310,661
743,128,293
INTERNSHIP REPORT-2015
Share Capital
Reserve
Unappropriated Profit
Surplus On Revaluation of
Assets
Total
13,491,563
5,636,549
6,561,628
4,557,662
13,491,563
7,274,222
7,499,831
3,636,128
15,872,427
12,338,026
9,613,374
6,995,241
30,247,402
31,901,744
44,819,068
2012
46079918
27500056
18579862
1848535
1708833
1164
3558532
15021330
3558532
2013
43,961,060
27,066,229
16,894,831
954,563
94,797
4,288
1,053,648
15,841,183
1,053,648
2014
55,378,477
33,505,003
21,873,474
1,447,931
85,897
5
1,533,833
20,339,641
1,533,833
2536717
349061
1309703
1328000
1511
2,800,461
482,567
1,535,808
1,588,895
8,465
3,120,035
492,348
2,042,957
1,058,167
160,098
1756348
7281340
22302670
1,862,498
8,278,694
24,119,877
2,162,836
9,036,441
29,376,082
15204036
108499
206933
15519468
6783202
17,288,779
-160,521
184,408
17,312,666
6,807,211
20,261,215
394,939
206,362
20,862,516
8,513,566
INTERNSHIP REPORT-2015
0
0
6783202
3141909
-160000
-754828
2227081
4556121
-5,186
0
6,807,211
2,400,321
-110,000
-159,060
2,131,261
4,675,950
0
0
8,513,566
3,122,512
38,419
-288,216
2,872,715
5,640,851
Best of Luck
54
INTERNSHIP REPORT-2015