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!
P,+)
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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
S). B&'( C,'. A--/'. )+ & -/','),'. &'< +,-, &7 /8 /
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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>
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M/'.7 /8). ) :, -,
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F/+.,)'* ., :/'< .&. ,)+.+ ). ).+ -+./,+= &'< ./ :,.., +,, .,) 8)'&'-)&',,
A
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O88,)'* :,7/'< ,,-.&.)/'+= S). A
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S). B&'( )+ /', /8 ., ,&
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Y/ -&' &+/ -,-( 7/ .&'+&-.)/'+ &'< &--/'. :&&'-,; C+./,+ / &, &,&
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-/&)'.+= 7/ -&' -& / C/'.&-. C,'., ./ 8,,= &. 0"0024365 24 /+ &
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A'7,,= &'7.),= ,,7 ',./( S). B&'(+ M/:), B&&'-, R,-&*, +,)-,=., 8)+. /8 ).+ ()'
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C/','),'-,
I'+.&'. .&'+8,
R/'< ., -/-( 8&-)).7
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Tra%#fer 0$% thro$"h ATM
I'+,. 7/ ATMVISA D,:). C&