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Habib Bank Limited Internship Report HABIB BANK LIMITED INTERNSHIP REPORT Submitted to Mr Habib Bank Limited Internship Report HABIB BANK LIMITED INTERNSHIP REPORT Submitted to Mr. Farooq Durrani Submitted by Mehreen Gilani MBC-09-23 MBA INSTITUTE OF MANAGEMENT SCIENCES, BAHAUDDIN ZAKARIYA UNIVERSITY MULTAN. 1 Habib Bank Limited Internship Report 2 Habib Bank Limited Internship Report ACKNOWLEDGEMENT No one can say that I am perfect, everyone should admit that without the help of ALLAH and His people a man can’t get anything so I bow my head before almighty Allah with gratitude. I am also very much thankful and presents salute to many individuals who have helped me in shaping this report .I am also very much thankful to lot of former fellows and contemporary colleagues who took the time and trouble during the last few days to speak to me about the way this text could be further improved. I am also very thankful to the staff Habib Bank Ltd. NMC branch especially to Mr. Hasnat A. Qazi (Branch Manager) who provided me an opportunity to work in friendly environment. It was an honor and pleasure to work with: Miss. Amna (Operation Manager HBL NMC branch) Mr. Rehan (Asst. Operations Head) Madam Naureen (Public Relation Officer) Mr. Nafees Qureshi (Manager Credit Department) Miss. Nadia (Manager Credit Department) Mr. Abrar (Manager Credit Department Miss. Nadia Naureen (Head Remittance Department) Mr. Jawad Khan (ex. Employee of HBL as Trade Manager) Mr. Ashiq ( I.T expert) 3 Habib Bank Limited Internship Report Table of Contents 4 Habib Bank Limited Internship Report Executive Summary Report starts with the topic evolution of banking. The word 'Bank' is said to have been derived from the words Bancus or Banque or Bank. This history of banking is traced to as early as 2000 B.C. Talking about commercial banking in Pakistan It was very difficult for Pakistan to build up its own Banking system immediately after independence without sufficient resources. By 30th June 1948 the number of schedule banks in Pakistan declined from mere scratch. Today there are more than 7000 branches of commercial banks along with an established network of supplementary financial institutions. All this development in the banking sector is the result of untiring efforts of six decades. HBL was the first commercial 5 Habib Bank Limited Internship Report bank to be established in Pakistan in 1947. Over the years, HBL has grown its branch network and become the largest private sector bank with over 1,450 branches across the country and a customer base exceeding five million relationships. On December 29, 2003 Pakistan's Privatization Commission announced that the Government of Pakistan had formally granted the Aga Khan Fund for Economic Development (AKFED) rights to 51% of the shareholding in HBL, against an investment of PKR 22.409 billion (USD 389 million). This report contains information about HBL’s board of directors, management, mission, vision and values. HBL’s operations are discussed in light of its working department in the branches like cash, clearing, foreign exchange and accounts department and also in light of its services and products which it is offering to customers’ weather they are individual, business, corporate or agriculture field related customers. HBL is currently offering phone banking, internet banking and various cash management services for the facilitation of its customers. HBL’s car to car loan has its own uniqueness in Pakistan’s banking sector. HBL’s branch network is extended all over the Pakistan which has its competitive edge over all other private sector banks in Pakistan. During the time of my internship in Habib Bank NMC branch Multan I got the chance to work in all the departments of HBL working there. Duties and 6 Habib Bank Limited Internship Report learning in each department is given in this report. Talking about financial performance of the bank in 2010 all the financial indicators are showing positive results. During this year HBL also won some awards. At the end of this report I have given my suggestion for the improvement of the bank. Evolution of Banking The word 'Bank' is said to have been derived from the words Bancus or Banque or Bank. This history of banking is traced to as early as 2000 B.C. The priests in Greece used to keep money and valuables of the people in temples. These priests thus acted as financial agents. The origin of banking is also traced to early goldsmiths. They used to keep strong safes for storing the money and valuables of the people. The persons who had surplus money found it safe and convenient of deposit their valuables with them. The first stage in the development of modern banking, thus, was the accepting of deposits of cash from those persons who had surplus money with them. The goldsmiths used to issue receipts for the money deposited with them. These receipts began to pass from hand to hand in settlement of transactions because people had confidence in the integrity and solvency of goldsmiths. When it was found that these receipts were fully accepted in payment of debts; then the receipts were drawn in such a way that it entitled any holder to claim the specified amount of money from goldsmiths. A depositor who is to make the payments may 7 Habib Bank Limited Internship Report now get the money in cash from goldsmiths or pay over the receipt to the creditor. These receipts were the earlier bank notes. The second stage in the development of banking thus was the issue of bank notes. The goldsmiths soon discovered that all the people who had deposited money with them do not come to withdraw their funds in cash. They found that only a few persons presented the receipts for encashment during a given period of time. They also found that most of the money deposited with them was lying idle. At the same time; they found that they were being constantly requested for loan on good security. They thought it profitable to lend at least some of the money deposited with them to the needy persons. This proved quite a profitable business for the_ goldsmiths. They instead of charging safe keeping charges from the depositors began to give them interest on the money deposited with them. This was the third stage in the development of banking. MaJOR EVENTS IN BANKING HISTORY Florentine banking — The Medicis and Pittis among others. Knights Templar - earliest Euro wide /Mideast banking 1100-1300. Banknotes — Introduction of paper money. 1602 - First joint-stock company, the Dutch East India Company founded. 1720 - The South Sea Bubble and John Law's Mississippi Scheme, which caused a European financial crisis and forced many bankers out of business. 1781 - The Bank of North America was found by the Continental Congress. 1800 - Rothschild family founds Euro wide banking. 1930 -33 In the wake of the Wall Street Crash of 1929, 9,000 banks close, wiping out a third of the money supply in the United States 8 Habib Bank Limited Internship Report 1986 - The "Big Bang" (deregulation of London financial markets) served as a catalyst to reaffirm London's position as a global centre of world banking. 2008 - Washington Mutual collapses. It was the largest bank failure in history. TYPES OF BANKS ➢ Central bank or State bank ➢ Commercial banks ➢ Exchange Banks ➢ Industrial Banks ➢ Agricultural Banks ➢ Saving Banks CENTRAL BANK OR STATE BANK:- Every country has its central bank or state bank. Its major function is to carryout a countries monetary policy with an aim to safeguard its Financial and economic stability It has the monopoly of note issue. It is also the custodian of money market. State bank is the bank’s bank and lender to the Govt.In Pakistan central bank named as State Bank of Pakistan (SEP). COMMERCIAL BANK:- These are profit earning concerns. They received deposits and advanced loan to the borrowers. They greatly help in financing for internal and external trade of the country. EXCHANGE BANKS:- The main function of the exchange bank is to finance the foreign trade by the purchase and sale of foreign currencies in the form of drafts, bills of exchange, telegraphic transfers. They also perform the function of the commercial banks, receiving deposits and advancing the loans. INDUSTRIAL BANKS:- Commercial banks cannot afford to block their funds in long term investments. The industrial banks receive long term deposits and finance the industries by providing them long term credits. In Pakistan the industrial bank named as Industrial development bank of Pakistan (I.D.B.P) was established in 1961 for this purpose. Its ‘main purpose is to groom the Industrial sector in 9 Habib Bank Limited Internship Report Pakistan. Industrial Banks are also concerns with Chamber of Commerce. We can find out basic information about type of industry, addresses, as well as contact Numbers of Industries from “YELLOW PAGES”. Industrial Banks also help out the industries in Import and Export. AGRICULTURAL BANKS They provide short and long term loans for financing agricultural. The agriculturists need short and long term loans for meeting their day to day and long term requirements for making permanent improvement in loan. In Pakistan agricultural bank is named as Zrai Traqiyati Bank Limited (Z.T.B.L) is financing to agriculture sector to improve the productivity. SAVING BANKS:- These are the institutions, which are sponsored by the Govt. for having the facilities to the people and small means. These banks collect small saving of people and allow them to withdraw in small amounts. Also another institution i.e. National savings is working in the same capacity. For example HBL, ABL, MCB etc. COMMERCIAL BANKING IN PAKISTAN It was very difficult for Pakistan to build up its own Banking system immediately after independence without sufficient resources.
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