FAYSAL BANK

LIMITED
In credit proposal three
things are consider by
bank

Recommendations
from bank

Processing from higher

officer

ApprovalIn
recommendations from
bank, the
bank mentioned all
details of proposal that
either customer is
applied first time for
loan or not.
Repayment Schedule
Production loan is for
short term and

the customer pay after

one year,
whiledevelopment loan
is from 1 year to 5
year. Markup is paid
after six months.

1.CONCLUSIO
N
The economy of the
country is booming

and with the

investment favorable
policies andtheir
smooth
implementation, the
role of banks in
todays economy have
become an
importantone.The
banking industry is
also reaping the fruits

of this economic
boom by
growingrapidly over
the past few years.
There are a number of
mergers happening in
the economy
withforeign
investments coming
into the
banking sector.Faysal

Bank culture is built

on a set of core values:
Respect, Integrity,
Professionalism,teamw
ork. The company is
committed to its
clients' best interests as
well as preserving a
goodrelationship by
defining realistic
objectives.Since the

establishment of
Faysal Bank, it has
aimed to become the
leading bank
of Pakistan by that
provides outstanding
services to its
customers.The service
s that Faysal
Bank provides have a
great market penetrati

on not only because

of their features but
also the profit and
markup rates that
they charge. Also
the products that
Faysal Bank provides
cater to sector of the
economy.The top
management
of the bank is always

developing strategies
that cope
withunexpected
challenges to
deliver products and
services more
efficiently
~ 34 ~

FAYSAL BANK
LIMITED

Lastly, to become
the leading bank
of Pakistan, Faysal
Bank has
to benchmark itsservi
ces to its major
competitors in the
industry or the market
leader in the industry
and providea
continuous mean of

improvement in its
existing products and
services, while
introducing newones
to the industry.In the
last section, I would
like to give some
recommendations and
is hoped that if theyare
implemented will

bring benefits to
Faysal Bank.

2.RECOMEND
ATIONS

The bank should

improve and increase
its branch network in
Pakistan as well as in
foreigncountries.

Training of the staff

should be carried
on regular basis in the
field of banking
and operatingcomputer
s.

Bank should establish

a separate marketing
department in each
branch.

Although bank has

agency relations with
the foreign banks but it
should open its
foreign branches to
compete with the
competitors.

Time period of the

loan procedure should
be reduced.

Special awards should

be given to
hardworking
employees to perform
extra.

New staff should hire

for Agri. Department.

The Bank should focus

on long term debt
paying ability.

The management
should try to
create more
understanding between
different departments
toincrease their
productivity.

The top management

should create those
policies through which

they can protect the

Bank if the Barclays
takeover it.

There should
decentralization
decision making.

The manger should

recruits right person
for right job.

The manager should

hire multi skilled
workers to get
economy of scale.

The Bank should offer

Credit Card to its
customers.
~ 35 ~

FAYSAL BANK
LIMITED

1.Bibliography
www.google.comwww
.wikipedia.comwww.sc
ribd.comwww.faysalba
nk.comAnnual reports
of 2008, 2007,
2006BrushersBranch
team

~ 36 ~

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