Internship Report on Askari Bank

Internship Report on Askari Bank Limited
National University of Modern Languages Page 1

1.0 INTRODUCTION OF ASKARI BANK LIMITED:
ACCORDING TO BANKING COMPANIES ORDINANCE 1962

Banking means the accepting, for the purpose of lending, or investment, of deposits of
money from the public, repayable on demand or otherwise, and withdraw able by cheque,
draft, order or otherwise.
Banking companies mean companies which transact the business of banking in
Pakistan.
COMMERCIAL BANK

The commercial bank receives surplus money from the public and lend to others who
needs funds. Bank collects cheque, bills of exchange etc from customers. It transfers
money from one place to another. It provides agency and general utility services.
Purpose of commercial bank is to earn profit.

1.1 Historical Overview
The banking sector has witnessed a dramatic change during the last ten years with the
development of Askari Bank, which is not only redefining priorities and focus of the
banks, but also threatening the domination of traditional players.
The story begins with the incorporation of Askari Commercial Bank limited in Pakistan
on October 09, 1991, Askari Bank Commenced (begin) to operations in April 1992, as a
public limited company. The bank is listed on the Karachi, Lahore and Islamabad Stock
Exchanges and the initial public offering was oversubscribed by 16 times.

While capturing the target market share amongst the view banks, Askari has provided
good value to its shareholders. Its share price has remained approximately 12% higher


than the average share price of quoted banks during the last four years.
Askari Bank has expanded into a nationwide presence of 83 Branches, and an Offshore
Banking Unit in Bahrain. A shared network of over 800 online ATMs covering all major
cities in Pakistan supports the delivery channels for customer service. As on December
31, 2004, the Bank had equity of Rs. 6.016 billion and total assets of Rs. 107.168 billion,
with over 475,000 banking customers, serviced by a total staff of 2,118.
Askari Bank is the only bank with its operational head office in the twin cities of
Rawalpindi-Islamabad, which have relatively limited opportunities as compared to
Karachi and Lahore. This created its own challenges and opportunities, and forced as to
evolve an outward-looking strategy in terms of Askari market emphasis. As a result,
Askari developed a geographically diversified assets base instead of a concentration and
heavy reliance on business in the major commercial centers of Karachi and Lahore,
where most other banks have their operational Head offices.
Askari Commercial Bank is the only Private Sector bank that has been approved by the
World Bank as a Participating Financial Institution for the US$ 200 million Line of
Credit sanctioned (authorized) to the Government of Pakistan for the Financial Sector
Deepening and Intermediation Project.
Askari's emphasis on further broadening its core foreign trade business translated into
handling a higher volume of Export and Import business of Rs. 36 billion registering a
growth of 42% over the pervious year. This enhanced foreign trade business was secured
due to excellent customer services and efficient international settlement arrangements
with our correspondent banks.



1.2. Askari Awards and Achievements
Askari Bank continues its success in competition. Recently we have once again been
given the Best Retail Bank in Pakistan by The Asian Banker for the 2nd consecutive
year. Askari Bank has been given the 1st Consumer Choice Award 2004 for the
Commercial Banking Category by the Consumer Association of Pakistan. We have also
received the Corporate Excellence Award for the financial sector from the Management
Association of Pakistan (MAP) for the years 2002, 2003 and 2004.
We have been given The Best Bank in Pakistan award by Global Finance magazine
twice i.e. for the years 2001 and 2002. We have been given the Best Consumer
Internet Bank award by Global Finance magazine for the years 2002 and 2003. We
won the Euro money and Asia money awards as early as 1994, 1996 and 1997. We have
A1+, the highest possible credit rating, for short-term obligations, and our long-term
rating stands at AA. We won the prestigious Best Presented Annual Accounts award
from the Institute of Chartered Accountants in Pakistan (ICAP), and The Institute of Cost
and Management Accountants in Pakistan (ICAMP), for the Services Sector, for the years
2000, 2001and 2002. We have also received ranking prizes during the last six years from
the South Asian Federation of Accountants (SAFA) for The Best Presented Annual
Accounts for the financial sector, in the SAARC region. In 2007 Askari bank won The
Best Consumer Banking Award 2006 for the third consecutive year from the
consumer Association of Pakistan. In 2008, Askari Bank has been given The Best Retail
Banking Award 2008 by Pakistan Guarantee Export Corporation Ltd.



1.3 Vision Statement :
To be the Bank of first choice in the region

1.4 Mission statement :

To be the leading private sector bank in Pakistan with an international presence,
delivering quality service through innovative technology and effective human resource
management in a modern and progressive organizational culture of meritocracy,
maintaining high ethical and professional standards, while providing enhanced value to
all our stake-holders, and contributing to society

1.5 Corporate Philosophy:
CORPORATE PHILOSOPHY
The Challenge... to bring a dream to life
From knowing Askari customers' requirements to understanding employee needs,
from utilizing modern technology to making responsible social contributions, from
enhancing stake-holders' value to practicing corporate ethics, Askari is continuously
and consistently striving to address newer challenges with a single motivation - the
power to inspire and be inspired. Organizational goal and strategy define the purpose
and competitive techniques that set it apart from others organizations. Goals are often
written down as an enduring statement of company intent.



1.6 Objective:
OBJECTIVES OF THE ABL

As Askari Bank looks ahead to the future by moving through the decade of the 1990's
its efforts are guided by a broad framework of corporate objectives, which are as follows:
Askari is committed to its identity of " security & trust " and will endure to
uphold this image at al the times.

It will endure to provide its customers with as many creative financial services
and products, as is required. As today customer demands a package of services
suited to his particular business, Askari plans to develop different and new
products to cater to the customer's demand. Askari bank has the strength to be a
market leader.

Bank will keep standing and by and develop, its human capital base. It is planning
to provide all the required training to its staff towards achieving a higher level of
professionalism. Askari will continue striving to build a strong, motivated and
dedicated work force where total commitment will be towards customer's
satisfaction and wealthy growth of organization.

Askari bank will endure to provide a competitive return to its shareholders and
will strive to maximize its share value. The enhancement in its capital and returns
will be a continuous process. Askari bank is interested in being one of the most
financially viable institutions. So it lays great emphasis on gradual building up to
a healthy deposit mix. In the years ahead, the bank will enhance its focus on
growth through operational efficiency, creating strategic alliances developing
well-structured networking system innovating new products, enhancing marketing
and sales efforts improving customer service, achieving greater employee
motivation and providing the best value to its stakeholders - will make it a leader
in the corporate world.


1.7 Core Values:
CORE VALUES

The intrinsic values, which are corner stones of Askari corporate behavior, are:

Commitment
Integrity
Fairness
Team-work
Service

1.8 Code of Conduct:
CODE OF BUSINESS PRINCIPLES

Askari code of business principles is to:
Deliver solutions that meet customers financial need;
Build and sustain a high performance culture;
Build trusted relationships with all shareholders;
Build and manage the banks portfolio of businesses to achieve strong and
sustainable shareholder returns; and
Create and leverage strategic assets and capabilities for competitive advantage.



1.9 Organizational Hierarchy
Organization Hierarchy chart

1.10 Board of Directors:

Lt. Gen. Waseem Ahmed Ashraf - Chairman
Lt. Gen. Imtiaz Hussain - Chairman Executive Committee
Lt. Gen. FAROOQ AHMED KHAN GURMANI (SHAHEED)
Mr. M.Rafiq Mehkari - President & Chief Executive

Brig (R) Muhammad Shiraz Baig - Director

Brig (R) Asmat Ullah Khan Niazi Director


Brig (R) Muhammad Bashir Baz - Director

Brig (R) Shaukat Mahmood Chaudhari - Director

Mr. Zafar Alam Khan Sumbal - Director

Mr. Kashif Mateen Ansari Director

Mr. Muhammad Najam Ali - Director

Mr. Muhammad Afzal Munif - Director

Mr. Tariq Iqbal Khan - Director (NIT Nominee)



2.0 Departments of ASKARI BANK LIMITED
There are many departments which have given below:
1. Remittances Department

2. Customer Service Center

3. Cash Department

4. Clearing Department

5. Account Department

6. I.T Department

7. Credit Department

8. Auto Finance Department

9. Agriculture Department

10. Human Resource Department

2.1 Remittances department

The head of the remittances department is Yousif Jamil
The function of remittance departments is to handle with the following instruments:
Yousif Jamil Head of
Remittance Department
Remittance
Department
Imran-ul-Haq
Junior officer


Pay Order
Demand Draft
Pay slip
Telegraphic Transfer
Payment of Remittances
Cancellation of pay order & demand draft

The remittance department deals with the transfer of money from one place to another.
This department deals with the local currency transfer only. ACBL provides these
services to both customers & non-customers

2.2 Customer Service Center

Customer service Department perform the following duties

Give brief information about different account to customer

Account opening

Provide service to customer such as filling the forma

Issuing the cheque book

Customer Service
Department
Amir Rehmani Head of
customer service
Miss Sima
er


Issue Debit card and credit card

Locker record keeping

Computerize record keeping of utility bills and other collection

2.3 Cash Department:

All physical movement of cash in the bank is made through the cash department.
Normally cash department performs following functions
Receipt
Payments
Act according to any standing instructions
Transfer of funds from one account to another
Handling of ATM
Verification of signatures
Posting
Handling of prize bond

Cash

Waseem Sadique Head of
cash Department
Ch Jamil
er
Munir Khan
Caer


2.4 Clearing Department

The word clearing has been derived from the word Clear and is defined as a system
by which banks exchange cheques and other negotiable instruments drawn on each other
Within a specific area and thereby secure payment for their clients through the Clearing
House At specified time in an efficient way.

CLEARING HOUSE
It is a place where representatives of all banks sit together and interchange their claims
against each other with the help of controlling staff of State Bank of Pakistan And where
there is no branch of State Bank of Pakistan the designated branch of National Bank of
Pakistan act as controlling member instead of State Bank of Pakistan

RULES AND REGULATIONS HAVE CLEARING HOUSE:
Timing:(Monday through Saturday)
i. 1st Clearing at 10:00 a.m.
ii. 2nd Clearing at 2.30 p.m.
Clearing
Department
Imran Aslam Head of
clearing Department
Khalil-ur-rehmab
Juer


2.5 Account Department:

Account department is responsible for budgeting and account opening all the transaction
that are take place in the bank and their physical prove are match to the computer
generated report and save it as a physical that these transaction are take place in the
bank. Secondly account is responsible for budgeting and also record daily expense
incurred by the bank
Account department work as a backbone of the organization this department directaly
report the operational manger and vice president Preparing the bank's annual accounts
and coordinating external audit is also a direct function of the finance division

2.6 I.T Department:

I.T
Department
Mr. Rehan Luckey
Heapartment
Account
Department
Miss. Medha Head of
Imran ul-Haq
er


The computer has change the way of working now all the departments of Askari
commercial bank limited perform their duties in computerize environment the duty of the
I.T department is to perform the following duties

Verification of N.I.C online for the purpose of account opening

Computerize record keeping of Accounts

Generate report of daily transaction in the bank

Maintain the LAN and make the software and hardware configuration

2.7 Credit Department:

Credit Department deals with arrangement by which a buyer can take ownership of
something now and pay for it later or over time credit department perform following
duties
Credit
Department
M. Salman Head of credit
Department
Amir Akther

Amras Rasheed



Computer Loans:

Personal Finance

Mortgage Finance

Business Finance

2.8 Auto Finance Department:

Auto finance Department offers us the most convenient and affordable vehicle financing
scheme to help us own our favorite brand new car.
Product Features:

Borrower: Resident Pakistani Nationals

Facility: Term Financing

Financing Limits: Rs: 100,000/- to Rs: 3.0 Million

Repayment: Monthly Installments

Markup Rates: Competitive

Balloon Payment: Available

Minimum Income: Salaried: Rs: 10,000/-,
Self Employed Businessman: Rs: 25,000/-

Charge / Fees: As Per current Schedule of Charges

Auto Insurance: Mandatory

Financing Tenor Up to 7 years

Auto Finance
Department
Rana Hasan Head of
Auto finance department
Muhammad Naeem
Gr


2.9 Agriculture Department:

The head of agriculture department is Ali Ahmed it Provide the different kind of loan to
the Kissan or former it include
Kissan Ever Green Finance
Kissan Tractor Finance
Kissan Aabpashi Finance
Kissan Livestock Development Finance
Kissan Farm Mechanization Finance
Kissan Transport Finance
Consumer Finance Department

Agriculture
Department
Ali Ahmed Head of
Agriculture Department
Mouzam Ali
Grade 1 officer
Amir Akther
Grade 1 officer
Consumer Finance
Department
Jam.Arshed Head of
Consumer Finance


The Head of consumer finance department is Jam.Arshed consumer finance department
provide the business loan 500000-50000000 The rate of interest charge by the bank is
twenty one percent which is lower as compare to the other competitor

2.10 Human Resource Department:

Human Resource Department play very important role in the organization. It provide
guide lines for selecting employees and make strategies to motivate the employees. After
selection of the employees but also provide training and improve their skills.
Functions
Recruitment
Selection
Training
Transfer
Firing decisions
Set of laws for the employees
Staff Welfare
Policies for the employees



3.0 PRODUCTS OF ASKARI BANK LIMITED
The product & services of Askari commercial bank limited are developed keeping in
view the customers needs & wants, & the expectation that the customer attaches with its
financial institutions.
A product ACBL includes all those services which customer normally required for
effectively managing his business. ABL offers the following financial services to its
customers.
3.1 Deposits
3.2 Advances
3.2 Products

3.1 DEPOSITS:

One of the basic functions of commercial banking is to receive deposits. ACBL
accepts deposits in both local & foreign currency
Local currency deposits
3.1.1 Current Account
3.1.2 Saving Account
3.1.3 Transaction fees
3.1.4 Askari Bachat Account
3.1.5 Askari Mahana Bachat Account
3.1.6 Askari Value Plus Current Account
Agriculture Banking
3.1.7 KISSAN EVER GREEN FINANCE
3.1.8 KISSAN AABPASHI FINANCE
3.1.9 KISSAN TRACTOR FINANCE
3.1.10 KISSAN LIVESTOCK DEVELOPMENT FINANCE
3.1.11 DEPOSIT MULTIPLIER ACCOUNT
3.1.12 INVESTMENT CERTIFICATES


CONSUMER BANKING:
3.1.13 VISA DEBIT CARD
3.1.14 PERSONAL LOAN

3.1.1 Current Account
A current account is a running & active account, which may be operated upon any
number of transactions during a working day. The banker undertakes to repay these on
demand & therefore theses account are called demand deposits.

3.1.2 Saving Accounts
The saving account is usually opened by lower or middle class people so that they can
meet their future contingencies, as the objective of such account is to promoting the habit
of thrift among people, the bank impose certain restrictions on withdrawals from the
saving accounts.

3.1.3 Transaction fee
The bank charges no transaction fees if the minimum balance requirement is met.
However, if the average balance falls below the min. balance then the fees is charged at
the rate of Rs. 10 per transaction.

3.1.4 Askari Mahana Bachat Account:

Askari Mahana Bachat Account is a Term Deposit designed for individual customer with
a short to medium term investment appetite. It offers customers the option of investing
for 1 or 3 Year tenures and has been designed keeping in view savings needs of
customers who want profit on a monthly basis. With competitive rates of return paid
monthly on the 1st of every month and the option of getting a financing facility up to
90% the Askari Mahana Bachat Account caters to your saving needs without blocking
your funds for a longer duration.



3.1.5 Askari Bachat Account:

Askari Bachat Account is a Term Deposit designed for individual customer with
investment appetite. It offers customers the option of investing for 1Year and has been
designed keeping in view the savings needs of customers who want profit on a monthly
basis.

3.1.6 Value Plus Current Account:

Askari Bank adds value to your life. Whether you are an individual or an organization
(SME/Commercial/Corporate), Askari Value Plus Current Account promises you
amazing benefits and free facilities to meet your ever growing financial needs on
individual and organizational levels.

Agriculture Banking

3.1.7 KISSAN EVER GREEN FINANCE:

Features Details

Product Type : Profit Earning Account
Profit Amount: Profit on credit balances will be paid on half yearly basis as
declared by the bank

on PLS savings accounts.

3.1.8 KISSAN AABPASHI FINANCE:

Features Details

Product Type: To finance installation of Tube-Wells (electric, diesel and
solar energy units) water management equipments and water channel development
etc.
Eligibility: Pakistani Resident (owner of farmers).
K KISSAN TRACTOR FINANCE ISSAN TRACTOR FINANCE


3.1.9 KISSAN TRACTOR FINANCE:

Features Details

Product Type: Profit Earning Account
Eligibility: Pakistani Resident (Owner as well as non-owner
farmers.)

3.1.10 KISSAN LIVESTOCK DEVELOPMENT FINANCE:

Features Details
Product Type: To purchase Milch Animals, Goats, Sheep, Poultry
and Fisheries without
incurring extra expenditure because of availability at his
farm.
Eligibility: Pakistani Resident (Owner Farmers).

3.1.11 DEPOSIT MULTIPLIER ACCOUNT:

Features Details
Product Type: Term Deposit
Eligibility: Pakistani Resident (Individuals Only)
Balance Requirement: Minimum Rs. 50,000/- & Maximum Upto Rs.
10,000,000/-

3.1.12 INVESTMENT CERTIFICATES:

Features Details
Facility: Investment Certificates
Important Features: 1. Free issuance and free encashment
2. Account relationship with Askari Bank is not
mandatory
3. No penalty on pre-mature encashment


CONSUMER BANKING:

3.1.13 Visa Debit Card:

Features Details

Product Type: Debit Card
Classic: Cash withdrawal Limit is 50,000, Shopping Limit 200,000
& Funds Transfer
Limit 250,000.

3.1.14 PERSONAL LOAN:

Features Details

Applicant/ Borrower: Pakistani Resident (SEB/SEP cases are not entertained
currently)
Age: Salaried: 21-61 years (maturity of loan at 61 yrs.

3.2 ADVANCES:
Advances are major sources of earning of income for commercial banks. Banks
attracts surplus balances from the customers at low interest rates & makes advances at
higher interest rates to the individuals or business firms.

ACBL offer these facilities in two forms:
3.2.1Funded facilities
3.2.2Non- Funded facilities



3.2.1 Funded facilities:
In funded facilities the bank actually advances money against further repayment. These
facilities are known as cash credits.
3.2.2 Non- Funded facilities:
Non- Funded facilities are those in which bank substitutes its own credit for its
customers.
ACBL offers to its customers are large number of non-funded facilities.
These facilities include:
1. Guarantee
2. Latter of credit
Irrevocable letter of credit
Revocable letter of credit
Sight letter of credit
Usance letter of credit
3.3 PRODUCTS:

3.3.1 PERSONAL FINANCE
Personal Finance is a parameter driven product for catering to the needs of the general
public belonging to different segments. One can avail unlimited opportunities through
Askari Bank's Personal Finance. With unmatched finance features in terms of loan
amount, payback period and most affordable monthly installments, Askari Bank's
Personal Finance makes sure that one gets the most out of his/her loan. Once a good
credit history is established, the door to opportunity opens much wider.
3.3.2 MORTGAGE FINANCE
Askari "Mortgage Finance" offers the convenience of owning a house of choice, while
living in it at its rental value. The installment plan has carefully designed to suit both the
budget & accommodation requirements. It has been designed for enhancing financing


facility initially for employees of corporate companies for purchase/ construction/
renovation of house. The maximum financing amount is Rs. 10 million with a repayment
tenure upto 20 years.

3.3.3 BUSINESS FINANCE
In pursuance of the National objectives to review the economy of the country, ACBL is
providing loans to small and medium size business enterprises under Askari Bank's
Business Finance Scheme. Our goal is to offer a loan, which enables business community
to receive the financing required by them based on their cash flows. Ore valued
customers can enjoy the convenience of getting financing on attractive terms with the
minimum processing turnaround time.
3.3.4 ASKCAR (Car Finance)
Yet another of our products, Askar offers the most convenient and affordable vehicle-
financing scheme, which provides our valuable customers an opportunity to own a brand
new vehicle of their choice. With minimum down payment, lowest insurance rates and
widest range of available car makes and models, Askcar offers the best value to our
esteemed customers.

3.3.5 ASKCARD
ASKCARD means freedom, comfort, convenience and security, so that you can have
retail transactions with complete peace of mind. ASKCARD is your new shopping
companion which enhances your quality of life by letting you do shopping, dine at
restaurants, pay your utility bills, transfer funds, withdraw and deposit cash through ATM
anywhere, anytime.

3.3.6 TRAVELLER CHEQUES
The range of our products and value added services enhances with introduction of Rupee
Travellers Cheques (RTCs) launched in March 2002. In spite of our constraint on issuing
higher denomination of RTCs against restrictions imposed by the Central Bank of


Pakistan we have been striving to attain our shares with sizeable portfolio. Total volume
handled by the department during the year 2004 is Rs. 798 Million.

3.3.7 ASKPOWER
Askpower represents a useful tool with which to make secure payments without the need
to have any account, a debit or credit card. This card comes with a number of unique
features and diversified usage capabilities like cash withdrawal from ATMs, payment of
utility bills through ATMs and internet Banking, transfer of balance to another card and
refill option. The prepaid card is enjoying a great success all over the country.

3.3.8 VALUE PLUS
The first liability product launched by this unit is showing a remarkable acceptability in
the market. The growth of this product is witnessed by its share, which has presently
reached at Rs. 1,079 Million even after lowering down the profit rates due to sufficient
liquidity in the market.
3.3.9 ASKARI MASTER CARD

NO JOINING FEE

When you successfully apply for an Askari MasterCard, we will not charge you any
Joining Fee. Its almost like you are getting it for FREE!
GLOBAL ACCEPTABILITY
Your card provides you with service at thousands of locations in Pakistan, and at over 23
million establishments worldwide. As an added convenience, you will have the benefit of
receiving your monthly billing in Pak Rupees, regardless of the currency of purchase.
Think of the freedom this gives you!



3.3.10 24-HOUR CUSTOMER SERVICE
With Askari MasterCard, you are always a phone call away from the assistance you need.
To speak to one of our friendly Customer Service representatives, please call our UAN
111-000-787 for Karachi, Lahore or Rawalpindi/ Islamabad.
3.3.11 LOW SERVICE CHARGES
Your Askari MasterCard provides you the experience of revolving your spending at
comparatively low service charges. In addition, the same rate also applies to cash
advance obtained on your Askari MasterCard.

3.3.12 ZERO LOSS LIABILITY
Please report loss or theft of your Askari MasterCard immediately at our Customer
Services UAN 111-000-787 for Karachi, Lahore and Rawalpindi/Islamabad. Once you
have registered the loss of your credit card, your liability against its fraudulent use will be
limited and we will send a replacement card within 48 hours of reporting.

3.3.13 SUPPLEMENTARY CARDS FOR YOUR LOVED ONES
Save yourself the inconvenience of applying for a separate Askari MasterCard for your
loved ones by requesting supplementary cards when you apply for your own card. You
will receive a consolidated monthly account statement, which covers all the cards. This
offer is available for your loved ones over 18 years of age.
3.314 CASH ADVANCE FACILITY
Cash advance facility is available for Askari MasterCard holders. You can get up to 80%
of your sanctioned credit limit as cash advance in Pakistan or anywhere else in the world.
The facility is available at all ATMs displaying the Cirrus logo around the world and in
Pakistan. You may also avail this facility at designated branches of Askari Commercial
Bank, during banking hours


3.3.15 BALANCE TRANSFER FACILITY
With Askari MasterCard, you can avail an incredible offer of a Balance Transfer at the
exclusive rate of just 1.5%* per month.
A special privilege exclusively for Askari MasterCard members
3.3.16 FREE TRAVEL INSURANCE
Just purchase your travel tickets on Askari MasterCard and you are automatically covered
under our Travel Insurance Plan (in case of personal accident resulting in death or
permanent disablement) for up to Rs.8,000,000/- on a Gold Card and Rs.4,000,000/- on a
Silver Card.
3.3.17 STRESS FREE TRAVELLING
When you purchase your airline tickets for international travel on Askari MasterCard you
get:
UPto * Rs.10,000 insurance cover for flight delays exceeding 6 hours.

Upto* Rs.10,000 insurance cover for baggage delays exceeding 6 hours.

. Upto* Rs.20,000 as baggage loss claim.



4.0 MY LEARNING EXPERIENCES IN ICI
During internship in the Askari Bank Limited first thing I have learned is to on time.
As time is running fast we should move according to the time. I reached in the office at
9:00am and my leaving time was 5:00pm. Every employee must reach at the time
because time management was so good in the Askari Bank Limited. I had learned is
about how to make communications with clients (dealer and supplier). Not to use slang
language. Be polite and good communication with the clients. Boss always talks with the
employees polite and good manner when employees face the problem.
During my internship, I was truthful, loyal, and straight to my work I just focus our task
and do with the ethics and honestly. I always done task on the given time.
I have come to know the real world during my internship. How to? I had learned about
the statement of the income statement, balance sheet, cash flow and profit and loss
accounts. I have facing and solving the conflict during the internship. Formal dressing
and formal language is so important for the organization. I have develop the skills
regarding to the banking system.
At the end, I understand the way we should communicate with our seniors, peers and
juniors to have better understanding among each other and to make our work more
effectively and efficiently and it was my first experience in the organization and I had
sought of about accounts, financial statements and how to maintain the ledger account
daily? How to make clearing the other bank of cheques? How to issues the bank debit and
credit card? How to solve the customer problem? How to make demand draft and pay
order? How to open the new account of customers?


That was all these thing I have learned after complete the internship in the Askari Bank
Limited. The environment of the Askari Bank Limited is so excellent and everyone
comfortable for the work.



5.0 WORK DONE BY DURING INTERNSHIP
I have done the internship in the Askari Bank Limited. My period was six week of the
internship and My experienced a lot of good stuff during my internship period from the
Askari Bank Limited including data analysis, public administration , Financial statement,
team work, customer relation affairs, opening Accounts, Lockers, Zakat collection,
Demand Draft, Pay order and more else. After getting all these experience helped me a
lot in my future career and professional learning.
I worked under the supervisor of the internees who have power multiple departments
which include Research & Development, Marketing Department as well as Accounts
Department. They all were very cooperative, encourage on timing and motivational in
terms of instructing. I had performed different activities in different week which has
given below:
5.1 1
st
Week Activities
My first week activities in the Askari Bank Limited generally introduction about the
Banking System. In the first week I have perform the activities like collecting the money
from the clients/ Customers and deposits the money. It includes the deposits and
extracting the cash etc. it has given below:
IBCA
Allowance
Cashier
Zakat Collection
Clearing


Government Securities
Cheque Book
Pay Order
Demand Draft
First of all I discuss about the cheque books of the Askari Bank Limited has three
types of cheques books based on the number of leaves in cheque book among which
customer are free to select. This has given below:
100 Leaves
50 Leaves
25 Leaves
In Askari Bank Limited a person come personally get the cheque books and when
customer personally received the cheque book then Operation Manager take the
signature in the register. In the Askari Bank Limited the Cheque Book cancel if the
person does not collect it within 3 months. Operation Manager remainder to the
customer for the cheque book.
1st remainder in 60 days
2nd remainder after 15 days
3
rd
remainder after 15 days
If the customer not come in the bank than Operation Manager cancel the cheque book
and send cheque book to the headquarter.


In Askari Bank Limited also deduct the Zakat Collection after one year on the total
amount. It is the policy of the State bank of Pakistan. After that I visit all the
department account opening, trades finance, Marketing, Cell of Cash Management,
Credit Management Department, Remittance Department and Foreign Accounts. It
was my first week in the Askari Bank Limited. My first week was just interacting
with the Askari Bank Limited Staff of all the departments. The employees of the
Askari Bank Limited are so cooperative and coordinate with each other. The
environment of the Askari Bank Limited is so excellent and everyone feel
comfortable during the work.

5.2 2nd Week Activities
My 2
nd
week was start from 24 June to 28 June 2013. In this week I have also
perform different types of activities which has given by the Supervisor. In this week I do
first front desk Job that how to communicate with the Customers and the other staff
which has given below:
I had also communicate with the problems of the customer/
How do open their accounts?
How to fill the forms for the opening accounts?
To provide the knowledge about the single and joint accounts.
How to make and record the balance of debit?
I helped to the customer regarding filling the deposits slips.
I fill the request of credit card of the customer on the register.


I provide the information to the customer that How to request for issues the ATM
card.
I have also performed the activities regarding to the cash deposits which has given
below:
It involve in the taking of cash when customer deposit.
It involve in the bill payment like as utilities (water, gas, electricity).
It involve in the cheque payments when customer deposit the cheque.
It involve in the clearing of the cheques when cash deposits.
I have also performed the activities regarding to the clearing which has given below:
The meaning of the clearing is that money being shifted from bank to bank when
customers give the cheque of another bank. Clearing Cheque has divided into
different categories. Normal, OBC, Same day clearing and Intercity Clearing.
My 2
nd
week was very excellent regarding to the work because in this week I had
learned so much about the cheques clearing, about the opening accounts, about the
ATM machine card, about the single and partnership accounts. How to face the
problem of the customer and how to solve the problem of the customers? How to
deposit the cash and how to record the balance of debit on the register? How to
provide the guidelines and bank statement to the clients? How to collect the bills of
utility in the bank?



5.3 3
rd
Week Activities
My 3
rd
week was start from 01 July to 05 July 2013. In this week I have performed the
different activities which have given by the Supervisor. How to make the voucher and
how to record in the book keeping? I have learned about the TDR. TDR is known as
Term Deposit Receipts and CDR is known as Call Deposits Receipts. It is used for the
tender purpose. After that I have learned about the accounts which have given below:
Dormant Account
Account Opening
Dormant Account:
In the Askari Bank Limited can disable the account if the customers dont do payments,
drawing within 6 months from their account.
Account Opening:
In this week I have performed the activities of account opening. To help the customers
for opening different
Give information related to the new opening account
To help the customer By filling the form of account
During filing give proper attention that all the details should be fulfilled by the
customers. In case of any fault or over writing on the form than give a new form to the
customer. After that fill the form than customer sign on the form and after that collect
some document which has requirement of the bank to the customer. After that I send all


data to the NADRA and Registration Authority when the customer data confirmation
than post the letter to the customer that your account is opens with this account number.
Government Securities:
Askari Bank Limited deal with the different types of the securities. These are as follow:
I. Defense Saving Certificate:
II. Special Saving Certificate:
Explanation:
1. Defense Saving Certificate:
It is found in the following term:
Reinvestment
Encashment
Trade
2. Special Saving Certificate:
It is found in the following term:
In this securities payment of profit occur
In this SSC is Sold
It is reinvested
It is enchased
Coupons are regular
For these Government securities customer can do cheque or the payment of the money.


5.4 4th Week Activities
My 4
th
week was start from 08 July to 12 July 2013. In this week I have performed
different types of activities which have given by the Supervisor. I have do worked in the
inter branch credit advice, lockers, stop payment, pensions and Zakat deduction and FFC
account.
Lockers:
Locker is a type of security box which everyone can kept our precious things, document
and etc. It has been divided into different dimensions which have given below:
Extra Extra Large
Extra Large
Large
Medium
Small
Lockers discount is being provided to the employees or staff.
50 % discount to the employees of the Askari Bank Limited.
But at the time of closing the locker, security of the lockers can be repaid.
The security of the lockers is not free for the customers.
But the security of the locker is being free for the employees or staff
These are the charges of the lockers which has given below:


Rs 1300 for small lockers
Rs 1800 for medium lockers
Rs 3200 for large lockers
Rs 4000 for extra large locker
Rs 6375 for extra extra large locker
Pension and Zakat Deduction:
Every bank is deduct the Zakat from the customer accounts according to the State
Bank of Pakistan. Payment of Zakat is occurring through this department. Fee of
allowances is also occurring through this department. IBCA is being involved as
doing the payment of pension to different areas.
FFC Account:
FFC Account is the account in which we do the transactions of the large amount. The
transactions may be millions. In this we make payment through cheques, handover
the funds and also collect it.



My 5
th
week was start from15 July to 19 July 2013. In this week I have performed the
different 1activities which have given by the Supervisor. In this week supervisor conduct
the meeting and called to all the internees and collecting all the data that what you have
learned? After that I make the assignment according to the task by the supervisor. After
complete the assignment every internee come in the meeting hall and supervisor collect
the assignment and after some time give the feedback regarding to the assignment and
asking the question about the Askari Bank Limited environment and staff. I response that
the environment of the Askari Bank is so excellent and I feel comfortable in the Askari
Bank Limited. The staff of the Askari Bank Limited is so coordinates and cooperated.
After that supervisor asks some question related to the financial statements that how can
conduct the financial ratios? What is the role of the financial ratios for the any
organizations? How can analysis the financial statements? After that every internee
makes the financial rations analysis and interpretation of every ratios that performance is
increasing or decreasing as compare to last year. What are the factors of decreasing the
performance of the employees?
I enjoyed a lot of and learned many things such as professional language, professional
practical work, and many more etc. Supervisor of the Internee is so good personality and
encourage and appreciate me that will be do more good performance.
I had learned so much and Bank Manger of the Askari Bank Limited appreciates to all the
internee regarding to their performance. I feel so happy when they were appreciating to


the internees and we were more work hard with the honesty. All internees also helped
each other and coordinate with each other.

My 6
th
week was start from 22 July to 26 July 2013. In this week I have also performed
different activities which have given by the Supervisor. He introduced about the software
which Askari Bank Limited are used for recording and transaction the accounts. How can
record the accounts on the system? I have also done DD or Po.
Operation of money and payment of the money by customers may be occurring through
demand draft and pay order. DD is done for intercity. It is drawn in one bank and
payment will be done from the other bank. Whereas transaction or payment of cash may
be made within the city through PO (Pay order). Mostly businessman are used PO for the
business term. Pay order are done when all the information of the customer are confirmed
and are attached with the form and for the confirmation of the information or data stamp
are being attached. Askari Bank Limited charged for the pay order around Rs.90.
After that I have learned about the LG (letter of guarantee) and LC (letter of credit).
Letter of credit are being used that bank give documents to the importer when they
acquire from the exporter. Every bank charges the fees of the letter of credit. Mostly
businessman used the letter of credit in the term of business. Letter of credit is also being
used ehen bank offer the money to the exporter from the importer for the enchanting of
the documents inside five days in the Askari Bank Limited. They give warranty to the
other party that party will not create any fraud and documents are being satisfied by the


bank in exporting. It is high risk for the banks. The Askari Bank Limited deal with the
trade of the currency when they get data about the rate of the currency from their main
branch. They also provide the foreign currency to the customers.
At the end, it was my six week working experience which I have done in the Askari Bank
Limited DHA Z block Lahore. The environment of the Askari Bank Limited is so
fantastic and excellent and the staffs of the Askari Bank Limited are so cooperative and
coordinated with me in respect to my complete task. It was my first experience in the
field of banking.



6.0 SWOT ANALYSIS OF ICI
SWOT Analysis has most important analysis for every organization. Because due to
SWOT Analysis we can examine the performance of that company. Similarly Askari
Bank Limited also had some SWOT Analysis. I did observed some following factor in
SWOT Analysis after complete the Internship in the Askari Bank Limited.
There are four elements of SWOT Analysis which has given below:
6.1 Strengths
Askari Bank Limited has developed the well online system in all the branches as
compare to other banks.
The location of the Askari Bank Limited is on the main road DHA Lahore where I
have completed my internship in the Finance Department.
Askari Bank Limited has provided good quality service to the customers.
Askari Bank Limited has many ATM Machine in the Pakistan.
Askari Bank Limited has the first priority that to follow the rules, regulatations
and policies of the State Bank of Pakistan.
Askari Bank Limited has provided the best tele phone banking to the customers as
compare to other banks.
In Askari Bank Limited having many accounts local and foreign investor that s
why! They can generate more profit.
The employees of the Askari Bank Limited are working well organized and fulfill
the task on the time.


Askari Bank Limited is trying to work hard more and more to satisfy their
customer, to become the first choice of the bank.
Askari Bank Limited is providing the Islamic banking in the Pakistan.
Askari Bank Limited is only bank for welfare of the army officers which was
established by Army welfare Trust.

6.2 Weakness
Askari Bank Limited has much weakness which I observe during the internship.
Askari Bank Limited has no advertising on the media for creating the more
awareness for the customer that they will more attract.
During my internship in the Askari Bank Limited, the employees of the Askari
Bank Limited of the DHA branch Lahore also sometime see problems in their
computer system as they can t store data on proper time due to load shading in the
summer so has the main weakness of the Askari Bank Limited.
In Askari Bank Limited DHA Branch I observed that the employees treatment is
not done fairly. Askari Bank Limited should be equally fair for everyone.
Askari Bank Limited is the weakness of lack of the training to the new
employees.
Askari Bank Limited is also the weakness in its credit management.
Askari Bank Limited is not launching the new loan schemes and products.
Askari Bank Limited has less number of branches in the remote area.



6.3 Opportunities
Askari Bank Limited has good opportunities that to expand the business in the
world.
Askari Bank Limited has opportunity to improve the technology.
Askari Bank Limited has opportunity sharp increase in imports and exports
New technology arrival has a good opportunity for Askari Bank Limited.
Askari Bank Limited has good opportunity that expands to Islamic banking
because Muslims want Islamic system.
It is deals with bulk.
6.4 Threats
The threat of the Askari Bank Limited is main competitors which has maximum
market share
Downsizing is also threats for the Askari Bank Limited.
High charges are also strong threats for Askari Bank Limited.
Askari Bank Limited can be threats from the Government and political factors
like policies of Government etc.
Askari Bank Limited is also threats from high inflation rate.
Askari Bank Limited should improve its ATM machine to increase their
customers for getting more revenue.



7.0 FINANCIAL ANALYSIS OF ASKARI BANK LIMITED
Financial analysis is a analysis which is used for evaluated the firms performance its
profitability as well as financial position of the firms. Ratio analysis is the way to
evaluate the financial position of the Askari Bank Limited.
Financial Ratio is comparison between two or more year of the firm.
7.1 Financial Ratios
Five dimensions of financial ratios that are: liquidity ratio, activity ratio, profitability
ratio, debt ratio, and market ratios. Liquidity, activity and debt ratios measure the risk.
Profitability ratios measure the return. Market ratios measure the both risk and return.

7.2 Liquidity Ratio
Liquidity ratios are used to Firms short term obligations are being calculated and
analysis.
It has been further divided into two kinds
Current Ratio
Quick Ratio

7.2.1. Current Ratio
Current ratio tells us how many assets against the one liability. Current ratios are used
to meet the short term obligations. If the current ratio is high than company consider
Liquidity.
The answer of the current ratio is maximum 2 is satisfy but in depend upon the
Circumstances in which firm are operate.



7.2.1.1 Calculations from 2011 and 2012
Current ratio can be finding by dividing the current assets to current liabilities.
Current Assets
It includes cash, leading to the financial institutions, and balance with other banks,
advance and investments.
Current Liabilities
It includes deposits, bills and borrowings.

YEARS CURRENT
ASSETS
CURRENT
LIABLITIES
CURRENT RATIO

2011
318462241 311532495 318462241
/311532495=1.022

2012
328723550 319009989 328722550/319009989=
1.030

Interpretations
The Askari Bank Limited are meeting their short term obligation as the value has
been rising. In 2011 the value was 1.022 and in 2012 it increase to 1.030.

7.2.2. Quick Ratio

Quick ratio same as current ratio but the main difference is that it involve the most
liquidity assets that are quickly converted into cash.
7.2.2.1. Calculations
YEARS QUICK
ASSETS
CURRENT
LIABLITIES
QUICK RATIO
2011 26168181 311532495 26168181/311532495=0.084
2012 24435380 319009989 24435380/319009989=0.077



Interpretations
As the value is being decreased so this shows that it does not meet its short term
obligations. In 2011 the value was 0.084 and in 2012 the value becomes 0.077 of the
Askari Bank Limited.

7.2.3 Net Working Capital Ratio

Net Working capital measure both efficiency and its short term financial health.

7.2.3.1Calculations
YEARS CURRENT
ASSETS
CURRENT
LIABLITIES
NET WORKING
CAPITAL

2011
318462241 311532495 318462241-
311532495=6929746

2012
328723550 319009989 328723550-
319009989=9713561

Interpretation
This ratio shows that if Askari Bank Limited has positive capital than it means that the
Company is able to pay short term liabilities. High capital means that company can be to
expand its operation.

7 .2.4 Deposit Ratio:
Askari Bank show through in this ratio that how greatly they give lends to the clients in
return what they get it. Also we can say that how much they had to deposit to give.
7.2.4.1 Calculation


YEARS ADVANCES DEPOSTIS CASH RATIO
2011 150710709 291502993 150710709/291502993=
0.517
2012 143726962 306937216 143726962/306937216=
0.468

Interpretation
Deposit ratio is showed that in 2011 was the value 0.517 and in 2012 the value 0.468 so,
the Askari Bank Limited is giving less advances to their depositors.

7.3 Activity Ratio
This ratio shows that how much Askari Bank Limited using peoples money to generate
their profits. This calculation is required for the company as it analyze the rapidity of the
accounts into cash.
7.3.1 Total Asset Turnover Ratio
Total asset turnover ratio indicates the effectiveness of the company how much sales or
profit has been created through assets
7.3.1.1 Calculation
YEARS SALES TOTAL
ASSETS
TOTAL ASSET
TURNOVER
2011 32766351 343756306 32766351/343756306=
0.0953
2012 32402187 353055627 32402187/353055627=
0.0918

Interpretation


The value of 2011 was 0.0953 and the value of 2012 is 0.0918 so if value is larger than
the performance of the Askari bank Limited is efficient but in 2012 it has been
decreased as compare to last year.
7.4 Debit Ratio:
Debit ratio mean how the revenue has been created by the company by using the
customer money or cash.
It can be calculated by dividing the total liabilities into total assets.
7.4.1 Calculation
YEARS TOTAL
LIABLITIES
TOTAL
ASSETS
DEBIT RATIO
2011 325980040 343756306 325980040/343756306=
94.83%
2012 333367621 353055627 333367621/353055627=
94.42%

Interpretation
This ratio value of leverage is due to the debt that the Askari Bank Limited used to most
of their property is being financed.

7.4.2 Interest Coverage Ratio
It is used to calculate the performance of the company through the payment of the
Interest. It is known as time interest earned ratio.
If the value of this ratio is greater than firm can easily fulfill the expense of the interest.

7.4.2.1 Calculations
YEARS INTEREST
BEFORE
INTEREST
INTEREST
EXPENSE
TIME INTERST
EARNED RATIO


AND TAX
2011 2902921 8726096 2902921/8726096=
0.3326
2012 4117366 9128185 4117366/9128185=
0.4511

Interpretation
Askari Bank Limited, as the value has been decreasing this mean they require less time
for the
Creditor to pay the interest.

7.5 PROFITABLITY RATIO

This ratio represents that how much profit earned from the sale, assets and investment.
Management and owners focus on the profit in the market.

7.5.1 Gross Profit Margin

Cost of goods will lower when the gross profit margin is at higher.
In this ratio we calculate the sales on Goods.


YEARS INTEREST
EARNED
INTEREST
INCOME
GROSS PROFIT
MARGIN
2011 32766351 10066768 32766351/10066768=
69.28%


2012 32402187 9428406 32402187/ 9428406=
70.90%

Interpretation
This ratio is representing that Gross profit Margin has been better as compare to
Previous year it mean Askari Bank Limited has generated profit because in 2011 was
69.28% but in 2012 has been increase to 70.90 %.

7.5.2 Operating Profit Margin:
Operating profit represent that after minimize the all cost and expenses. It does not
Include interest, tax and dividend.
Profit which is being originated is produced on the operations.
And it also known as pure profit.


YEARS INTEREST
EARNED
OPERATING
PROFIT
OPETATING
PROFIT MARGIN
2011 32766351 8235926 8235926/32766351=
25.14%
2012 32402187 6740546 6740546/32402187=
20.80%

Interpretation
Askari Bank Limited is bearing more cost because the value in 2011 was 25.24% and in
2012 is the value 20.80% so the operating profit is being lower.



7.5.3. Net Profit Margin
Net profit margin has been access the profitability of the ICI Company. it has been
Computed net income divided by sales. It is used to calculating the sale from cost and
Expense.


YEARS NET INCOME INTEREST
EARNED
NET PROFIT
MARGIN
2011 2329517 32766351 2329517/32766351=
7.11%
2012 2557520 32402187 2557520/32402187=
7.89%

Interpretation
As net profit margin is being decreased as compare to last year because in 2011 was
7.11% and in 2012 has been increased to 7.89%.

7.5.4. Earnings per Share

In this we evaluate the earnings per share.
Give Knowledge related to the investing earning per share to the investors. If value of
this Ratio is higher mean it has better financial position.



7.5.4.1. Calculation

YEARS EARNING PER SHARE
2011 2.00
2012 1.54

Interpretation
This ratio has been declined as compare to last year it mean that Askari Bank Limited has
not better financial position as compare to last year because in 2011 was 2.00 and in
2012 is 1.54.

7.5.5. Return on Total Assets

Generating revenue from the existing total assets we can calculate the effectiveness of
the management.
It mean that What is the return on total assets and it is computed to the net income is
divided by total assets. It is also known as return on investment.
The whole management can be calculated through return on total assets.



7.5.5.1 Calculation
YEARS NET
INCOME
TOTAL
ASSETS
RETURN ON
ASSET TURNOVER
2011 2329517 343756306 2329517/343756306=
0.68%
2012 2557520 353055627 2557520/353055627=
0.72%

Interpretation
The value of Askari Bank Limited is being increasing from the last year which shows that
it has better and efficient management and got greater return on total assets. because in
2011 was 0.68% and 2012 has increase to 0.72%\ .
7.5.6. Return on Equity

Return on equity indicates that how much Askari Bank Limited company generates with
the money invested by shareholder equity.
This ratio gives a guidelines to the investor that how much he would get from his
investment.

7.5.6.1. Calculations

YEARS NET
INCOME
COMMON
STOCK EQUITY
RETURN ON EQUITY
2011 2329517 17776266 2329517/17776266=
13.10%
2012 2557520 19688006 2557520/19688006=
12.99%



Interpretations
This ratio has been lowering from the previous year so the Askari Bank Limited provide
less return to the shareholder because in 2011 was 13.10% and in 2012 decrease to
12.99%.



7.6. VERTICAL ANALYSIS OF BALANCE SHEET AND INCOME
STATEMENT:
It is also known as common size analysis.
In this one amount is taken as 100% and relates other amount from the amount
Net assets are considered to be as 100% in balance sheet whereas income statement we
take on the sale as 100%.

7.6.1 VERTIVAL ANALYSIS OF BALANCE SHEET
ASSETS 2011 2012
Cash and balance with treasury
banks
7.6% 6.92%
Balances with other banks 1.8% 2.51%
Leading to financial institution 0.46% 1.79%
investment 38.91% 41.18%
Advances 43.84% 40.71%
Operating fixes Assets 2.72% 2.5%
Deferred tax assets

- -
Other Assets 4.64% 4.39%
100.00% 100.00%

LIABLIITIES 2011 2012
Bills Payable 0.85% 1.11%
Borrowing 5.30% 2.51%
Deposits and Other accounts 89.42% 92.07%


Sub ordinate Loans 2.1% 2.10%
Liabilities against assets subject
to finance lease
- -
Deferred tax assets

0.03% 0.04%
Other Liabilities 2.26% 2.18%
100.00% 100.00%
Net Assets 5.17% 5.58%
Represented By
Share Capital 39.77% 3.70%
Reserves 45.77% 43.39%
unappropriate Profit 7.33% 5.10%
92.87% 92.87%
Surplus on revaluation of assets
net of tax
10.21% 10.21%
100.00% 100.00%



7.6.2 VERTICAL ANALYSIS OF INCOME STATEMENT:
2011 2012
Mark up /return/interest earned 100.00% 100.00%
Net Markup/interest income 30.72% 29.10%
Provision against nonperforming
loans and advances
4.97% 7.23%
Impairment loss on available for
sale investment
0.37% 0.44%
Provisions for diminution in the
value of investment net

0.13% 0.62%
Provision against purchases
under resale arrangement
0.1% -

Bad debts written off directly
0% 0.0032%
5.59% 8.29%
Net mark up/ interest income
after provison
25.14% 20.80%
Non mark up/ interest income
Fee, commison and brokerage
income
3.64% 3.56%

Dividend income
0.88% 3.20%
Income from dealing in foreign
currencies
2.36% 2.73%
Gain on sale of securities net 0.94% 2.10%
Unrealized gain on revaluation
of investmetns

Classified as held for trading net
0% 0.001%

Other income
1.04% 1.11%
Total non mark /interest income 8.86% 12.71%
33.99% 33.51%
Non mark up/Interest expenses


Administrative Expenses 26.37% 27.89%
Other provisons/ write offs 0% 0.03%
Other charges 0.26% 0.25%
Total non mark up/ Interest
expense
26.63% 28.17%
7.36% 5.34%
Extra ordinary/ unusual items - -
Profit before taxation 7.36% 5.34%
Taxation current 2.54% 2.59%
Prior Years - -
Deferred (0.15%) (1.13%)
2.39% 1.46%
Prfit after taxation 4.97% 3.87%
Unappropriate profit brought
forward
2.14% 4.02%
Profit available for appropration 7.11% 7.89%
Basic / diluted earnings per
share- rupees
0.00000061% 0.0000048%



7.7 HORIZONTAL ANALYSIS OF BALANCE SHEET AND
INCOME STATEMENT
It is also known as trend analysis.
In this we compare with the next years. The given year is considered to be taken as
100%.
In this they consider the last year as a base value.
In Askari Bank Limited the amount of 2010 would be our base values as 100%.

ASSETS 2011 2012
Cash and balance with treasury
banks
100% 93.38%
Balances with other banks 100% 142.16%
Leading to financial institution 100% 397.06%
investment 100% 108.69%
Advances 100% 95.37%
Operating fixes Assets 100% 94.57%
Deferred tax assets

- -
Other Assets 100% 97.15%
100.00% 102.71%



LIABLIITIES 2011 2012
Bills Payable 100% 134.26%
Borrowing 100% 48.47%
Deposits and Other accounts 100% 105.29%
Sub ordinate Loans 100% 99.96%
Liabilities against assets subject
to finance lease
- -
Deferred tax assets

100% 142.58%
Other Liabilities 100% 98.34%
100.00% 102.27%
Net Assets 100% 110.75%
Represented By
Share Capital 100% 114.99%
Reserves 100% 104.99%
unappropriate Profit 100% 77.13%
100% 107.08%
Surplus on revaluation of assets
net of tax
100% 158.62%
100.00% 110.75%



7.7.2 HORIZONTAL ANALYSIS OF INCOME STATEMENT:
2011 2012
Net Markup/interest income 100.00% 93.66%
Provision against nonperforming
loans and advances
100.00% 143.70%
Impairment loss on available for
sale investment
100.00% 116.87%
Provisions for diminution in the
value of investment net

100.00% 461.66%
Provision against purchases
under resale arrangement
100.00% -

Bad debts written off directly
0% 0%
100.00% 146.81%
Net mark up/ interest income
after provision
100.00% 81.84%
Non mark up/ interest income
Fee, commission and brokerage
income
100.00% 96.61%

Dividend income
100.00% 357.98%
Income from dealing in foreign
currencies
100.00% 114.53%
Gain on sale of securities net 100.00% 221.89%
Unrealized gain on revaluation
of investments

Classified as held for trading net
100.00% 0%

Other income
100.00% 106.24%
Total non mark /interest income 100.00% 141.84%
100.00% 97.48%
Non mark up/Interest expenses


Administrative Expenses 100.00% 104.63%
Other provisions/ write offs - 0%
Other charges 100.00% 92.53%
Total non mark up/ Interest
expense
100.00% 104.61%
100.00% 71.69%
Extra ordinary/ unusual items - -
Profit before taxation 100.00% 71.69%
Taxation current 100.00% 100.77%
Prior Years - -
Deferred 100.00% (762.22%)
100.00% 60.42%
Profit after taxation 100.00% 77.12%
Unappropriate profit brought
forward
100.00% 185.54%
Profit available for appropriation 100.00% 109.79%
Basic / diluted earnings per
share- rupees
100.00% 77%



8.0 RECOMMENDATIONS

I would like to recommend something about the Askari Bank Limited after

complete the internship and I hope you will like my recommendations, now I have

come with the following suggestion about the Askari Bank Limited that is

according to my view of point and it will definitely improve for the Askari Bank

Limited.

Askari Bank Limited should be flexible policies regarding to recruitment,
evaluation of the employees.
Askari Bank Limited should be increase the allowances and perquisites for

the employees.

I would like to recommend that they should to do advertisement on the

media about the new Products and services regarding to the deposits and accounts

opening.

I would like to recommend that Askari Bank Limited should be used effective

technology for the banking system because sometime computer system were not

work properly.

Askari Bank Limited should be Proper outline for the internee work by the

weekly according to the Finance Department.

Askari Bank Limited Manger should be motivate to the employees than they will
more work hard.


Askari Bank Limited should be increase the number of branches in the remote
area.
Askari Bank Limited should be ensure the job security so there is no pressure on
the employees while performing according to the task.
Askari Bank Limited should be hire the person for the ATM Machine because
sometime machine was not properly work due to load shedding and customer face
the problem because their cards stick in the machine.
Askari bank Limited should be provide training to their new employees so they

can easily adjust.



9.0 CONCLUSION
Askari Bank Limited was established as a semi public commercial bank on November 8,
1949. The purpose of the Askari Bank Limited is providing to good quality service to the
customers. The employees of the Askari Bank Limited are very cooperative and
coordinate with each other. But I observe that employees of the performance has been
less then as compare to last year was only due to political and financial crises of the
country but now they are being working very hard to meet their values.
Askari Bank Limited Branch Manger had a friendly environment with the employees
who create the more confidence and efficiency in the employees and all the employees of
the Askari Bank feel to serve properly to their customers to improve the performance and
create the goodwill for the bank.
Askari Bank Limited is one of the best Banks only due to their employees guarantee to
the work and develops increase the satisfaction of the customer. The HR Manager should
be implementing the policies and training to the new employees on the time.
Askari Bank Limited is provided different type of the services to the customer for the
need of the customer. Askari Bank Limited is trying to capture the market with provide
the quality service according to the expectation of the customer. Askari Bank Limited is
expanding the Islamic banking system because Muslims people prefer Islamic banking
system.
At the end, Askari Bank Limited should be adopt some other but effective technology in
order to provide comfort to the customers as well as the staff. The high authority of the
Askari Bank Limited should be team based management rather the centralized


management. Bank Manager should be motivate to the employees and help regarding
their goals and provide direction how can achieve as soon as possible?



GLOSSARY
ACBL: Askari Commercial Bank Limited
MRM: Market Research Manager
R & D: Research and Development
B-to-B: Business to Business
ITC: International Trade Center
C & I: Computer & Internet
IT: Information Technology
FS: Financial Statements
CBT: Capital Budgeting Techniques
CFO: Chief Financial Officer
CSR: Corporate Social Responsibility
ATM: Automated Tailoring Machine
TBs: Treasury Bills
IBCA: Inter Branch Credit Account

PO: Pay order



DD: Demand Draft
L/C: Letter of Credit
L/G: Letter of Guarantee
P.a: Per Annum
OBC: Outward Bills Collection
NADRA: National Authentication Development and Recognition Authority



BIBLIOGRAPHY
http://adeelkz.blogspot.com/2009/04/download-internship-report-of-askari.html
http://www.scribd.com/doc/49158690/Askari-Bank-Report-Original
J. Gitman, L. Principals of Managerial Finance.
http://www.askaribank.com.pk/agriculture_banking.php.asp
http://www.askaribank.com.pk/corporate_banking.php.asp
James C. Van Horne, John Martin Wachowicz (Fundamentals of Financial
Management)
http://www.askaribank.com.pk/

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