INTERNSHIP REPORT ON

ASKARI ISLAMIC BANK

ABBOTTABAD BRANCH (0921)

Submitted by: Kamran Ghani

Roll # F-033-2011

Supervised by: Sardar Ejaz Ahmed

Government College of Management Sciences

Abbottabad
SESSION
2011-2015
INTERNSHIP REPORT ON

ASKARI ISLAMIC BANK

ABBOTTABAD BRANCH (0921)

Submitted by: Kamran Ghani

Roll # F-033-2011
Supervised by: Sardar Ejaz Ahmed

This internship report is submitted in partial

fulfillment of the requirements for the degree of
Bachelors of Business Administration awarded by
the Hazara University,
Mansehra

Government College of Management Sciences Abbottabad

SESSION
2011-2015

Government College of Management Sciences

Abbottabad

APPROVAL SHEET

Approval Committee

1. External Examiner

Mr.______________________ Signature______________________

2. Supervisor

Sardar Ejaz Ahmed

Signature______________________

Designation Assistant Professor

3. Head of department

Mr. Mushtaq Ahmad____________ Signature_____________________

Designation Principal

DEDICATION

This report is dedicated to my parents for giving me this opportunity to attend this degree and
supporting me throughout my student life who acted as a backbone and a major reason
behind my accomplishment and also to my honorable teachers who have always guided me

ABSTRACT
In order to be able to cope with the changing environment it is necessary to have some
practical experience. As the students of business administration we have to pass through a
series of various managerial techniques. During this practical course we are provided with an
opportunity to learn that how the theoretical knowledge can be implemented in practical
grounds.
I selected to do my internship Askari Islamic Bank Abbottabad Branch. I worked there for six
weeks and it gave me greater practical knowledge about the operations of a bank. In the
following pages I have narrated my experience, observations and all the working activities
which I observed during my internship period at Askari Islamic Bank Abbottabad Branch.

TABLE OF CONTENTS

CHAPTER 1
INTRODUCTION

01

1.1

Purpose of the study

01

1.2

Importance of Study

02

1.3

Purpose of the report

02

1.4

Scope of the study

02

1.5

Methodology of the study

02

CHAPTER 2
INTRODUCTION TO THE ORGANIZATION

04

2.1 Historical Background

04

2.2 General information

04

2.3 Corporate Objectives

05

2.4 Strategic Planning

05

2.5 Corporate Profile

06

2.6 Branch Network

07

2.7 Introduction to AKBL Abbottabad

09

2.8

Account opening department

11

2.9

The Account Opening Form

12

2.10 TYPES OF ACCOUNT

14

2.11

14

Remittances department

2.12 Accounts department

21

2.13

Cash department

22

2.14 Credit department

24

2.15 Credit card department

26

2.16 Trade finance departments

26

CHAPTER 3
PRODUCTS & SERVICES

27

3.1 Consumer Banking Services

27

3.2 Askari finance and loans

29

3.3Askari Banking Services

31

3.4 Investments products

32

3.5 Agriculture finance solutions

35

3.6 Corporate & Investment Banking Group (CIBG)

37

CHAPTER 4
ANALYSIS OF ASKARI BANK

39

4.1 Introduction

39

4.2 Analysis

39

4.3 Vertical analysis of Assets

40

4.4 Horizontal analysis of Assets

43

4.5 Ratio Analysis

45

4.6 Financial Review

52

4.7 Shareholders funds

53

4.8 SWOT analysis

53

CHAPTER

FINDINGS/ RECOMMENDATION

56

REFERENCES

61

ACKNOWLEDGEMENTS
All praise is for ALLAH, the most merciful and His Prophet Muhammad for every torch of
guidance and knowledge for humanity. I offer humblest and sincerest words of thanks to
ALLAH Almighty WHO blessed me with potential and ability to make material contribution
to already existing ocean of knowledge
.I expresses my gratitude to Sardar Ejaz Ahmed, who is our advisor, and also our respectable
teacher. I am thankful for his kind support during the entire period.
I like to thank the staff members of Askari Islamic Bank Abbottabad Branch, who provided me
with the information needed to complete this report.
I also like to thank my parents who supported me through their wishes and prayers during the
entire period.

Kamran Ghani

LIST OF ABBREVIATIONS

AKBL

Askari Bank Limited

APR

Annual Performance Report

ATM

Automatic transaction machine

CA

Chartered Accountants

DD

Demand Draft

ICAMP

Institute of Cost and Management Accountants in Pakistan

ICAP

Institute of Chartered Accountants in Pakistan

JO

Junior Officers JO

LPR

Leave Preparatory To Retirement

MAP

Management Association of Pakistan

MO

Manager Operations

MTO

Management Trainee Officers

NIC

National identity card

OJT

On Job Training

PKR

Pakistani Rupees

SAARC

South Asian Association for Regional Corporation

SAFA

South Asian Federation of Accountants

SBP

State Bank of Pakistan

SWOT

Strength, Weaknesses, Opportunities and Threats

HRD

Human Resource Department

HRIS

HRM Information System

HRM

Human Resource Management

VHS

Voluntary Handshake Scheme

VP

Vice President

EXECUTIVE SUMMARY
The report is about the internship at Askari Islamic Bank, Abbottabad, during Six weeks. This
internship is a requirement for our BBA (Hons) degree. The purpose of internship is to
eliminate the gap in our knowledge that occurs between the theoretical and the practical
implications in the banking sector.

The contents of the report includes general profile of Askari Islamic Bank, products and
services offered by the bank, the financial position of the bank like its advances and deposits
etc, comparison of branch performance with the overall performance of the bank, its SWOT
analysis, conclusion and recommendations.
Askari Commercial Bank Limited was incorporated in Pakistan on Oct. 09, 1991. The bank
obtained business commencement certificate on Feb. 26, 1992 and started operations from
April. 1, 1992, as public limited company, and has since expanded into a nation-wide
presence of 200 branches, handled by a human capital of 8000 employees and lowest
turnover in Pakistani banking sector. The bank is listed on the Karachi, Lahore and Islamabad
stock exchanges and the initial public offerings was oversubscribed by 20 times AKBL is
principally engaged in the business of banking as defined by the Banking Companies
Ordinance, 1962.
AKBL continues to scale new heights in all areas of its operations. The safety and security of
depositors funds, high productivity and optimum use of technology are the hallmarks of its
corporate strengths.
The SWOT analysis of the bank has been done in order to give a clear picture of the Bank
Strengths, Weaknesses, Opportunities and Threats. SWOT is a useful tool for providing a
framework for analysis of an organization. It is widespread approach to make assessments in
terms of internal and external environment of the organization and to formulate strategies by
analyzing its internal strengths and weaknesses, external opportunities and threats.

Some of the recommendations I made for the bank are that the bank should improve
its dealings in consumer banking which has a great potential of growth for the bank
and that the infrastructure of the bank should be improved, Paid internship program

should be introduced for students to attract, motivate and retain competent future
managers among them and employees should be properly compensated for their work
especially during the overtime period and should not be forced but instead should be
motivated.