FINI619 Internship Report on National Bank of Pakistan 2012 (NBP)

Dedication

I dedicate to my dearly loved Parents whose supports remains always with me during my study session & courage me for achievement of my task.

 

Acknowledgement

I am gratified to almighty “ALLAH” the kind, the most forgiving who gave me nerve and strength to fulfill my task in one of the most leading organization National Bank of Pakistan.

 

It is difficult to learn & rotate in different depart of the bank especially National Bank of Pakistan. I am obliged to plenty of people for their sincere cooperation at various stages specially my family members whose prayers enable me to complete this difficult task successfully.

 

I am also  very much thankful to Bank Manager and other staff members of National Bank of Pakistan, New Bazaar branch Bhalwal, for my guidance and providing me valuable information for  report.

 

EXECUTIVE SUMMARY

Report is about my internship that I have completed at National Bank ofPakistan, New Bazaar Branch Bhalwal from 13th December 2010 to 27 January 2011. The purpose of internship finance report was to Looking for a good hand on experience in the practical field with an invaluable knowledge during my experience and to amass relevant information to pile up internship report on National Bank of Pakistan New Bazaar Branch Bhalwal. Main thing is to enable the students to use the management techniques, and find out the possible solution of management problems faced by the organization

National Bank of Pakistanis at the forefront of international banking in Pakistanwhich is proven by the fact that NBP has its branches in all of the major financial capitals of the world. NBP was awarded as “Best Foreign Exchange Bank in 2008” by world’s leading financial journal “Global Finance” and the bank with the highest return on capital in Asia and No.8 in the world by Banker Magazine in July 2003.

Report is based on my seven weeks internship program in National Bank ofPakistan. The methodology for collection of data is primary as well as secondary data. The biggest source of information is my personal experience.

 

Report is divided into different sections. 1st section is the sector in which NBP falls according to current scenario; in 2nd section I have discussed overview, history, vision, mission, core values, Nature of business& volume, product line, competitor & comments.

3rd I have discussed bank senior management & Branches networks. In 4th section I have discussed the plan of my internship in which I mention the branch and the departments where I did internship.  5th section is about the training program which shows the operations of the departments and the details of the tasks which I have performed during my internship.  6th section is about Ratio Analysis. 7th section is about Finance & Accounts I worked in different sections of Finance & Accounts Department of NBP. All the sections play vital role in the smooth working of the employees.

 

During my internship I go through all sections. The concepts I studied in MBA with specialization in Finance is now clear. In the 8th Future prospects of NBP and in last I give conclusion and recommendation that is about what I learn in the internship in this I have discussed my duties, new knowledge acquired, and problem at last how this experience will effect on my career.e conclusion and recommendation that is about what I learn in the internship in this I have discussed my duties, new knowledge acquired, and problem at last how this experience will effect on my career.where I did internship.  5th section is about the training program which shows the operations of the departments and the details of the tasks which I have performed during my internship.  6th section is about Ratio Analysis. 7th section is about Finance & Accounts I worked in different sections of Finance & Accounts Department of NBP. All the sections play vital role in the smooth working of the employees.

During my internship I go through all sections. The concepts I studied in MBA with specialization in Finance is now clear. In the 8th Future prospects of NBP and in last I give conclusion and recommendation that is about what I learn in the internship in this I have discussed my duties, new knowledge acquired, and problem at last how this experience will effect on my career.

 

 

 

SECTION #2

OVERVIEW OF NATIONAL BANK OF PAKISTAN

2.1            History

National bank ofPakistanwas established on November 9, 1949 through passing of an ordinance in the National Assembly, and was 100% Govt.-owned. NBP acted as an agent of the Central Bank wherever the State Bank did not have its own Branch. It also undertook Government Treasury operations. Its first branches were in jute growing areas inEast Pakistan. Establishment came due to the reason at that time newly born country was facing economic crises. To get rid the intrusion form the Reserve Bank ofIndia, a self owned and operated Central Bank by the name of State Bank ofPakistanwas formed in July 1948 to carry on the responsibilities of issuing the currency and controlling the flow of money inside the country. SBP after its formation demanded from the Indian Reserve Bank the assets against the Indian currency retired from Pakistan .Government of India refused to hand over the assets worth about five hundred million rupees. This dispute is still unsettled and these assets are still not delivered toPakistan. In 1949 decision, was made that the currencies of the countries were to be at par with each other and neither could alter the par value of its currency without consulting the other butIndiachallengedPakistan’s decision as an infringement of the agreement. After some timeIndiaagreed to recognize the par value both Central Banks would announce the par value of their currencies. Until June 1950, the Bank was engaged exclusively on jute operation. Thereafter other commodities were also taken up. After that Mr. Zahid Hussain, governor SBP assumed additional charge as Chairman NBP’S Board of Directors, and Mr. M.A. Muhajir became its first M.D.  SBP behind the NBP, and government stood behind the SBP. Bank took a big pace in 1952, when it replaced the Imperial Bank ofIndia, as an agent of State Bank ofPakistan

 


2.3     Volume of Business

National bank ofPakistanhas set higher standard of achievement it is the key business partner of Government of Pakistan. NBP is 100% owned by government ofPakistan, and hold 24% share of time and demand deposit. BP needed to redefine its role and shed the public sector bank image, for a modern commercial bank. It has offloaded 23.2 percent share in the stock market, and while it has not been completely privatized like the other three public sector banks, partial privatization has taken place. It is now listed on the Karachi Stock Exchange. The Bank’s financial performance has been remarkable. In 2006, total assets are estimated at Rs635 billion, while deposits have grown to nearly Rs502 billion. Pre-tax profit rose to Rs26 billion. Earnings per share have jumped to Rs24.01 in 2006.

A QUICK LOOK OF LAST FIVE YEAR (Rs. In Million)

 

2005

2006

2007

2008

2009

Total Assets

577,719

635,133

762,194

817,758

944,233

Deposits

463,427

501,872

591,907

624,939

726,465

Advances

268,839

316,110

340,319

412,987

475,243

Investments

156,985

139,947

211,146

170,822

217,643

Shareholder’s equity

37,636

53,045

69,271

81,367

94,792

Pre-Tax Profit

19,056

26,311

28,061

23,001

22,300

After -Tax Profit

12,709

17,022

19,034

15,459

18,212

Earning per Share

11.81

15.81

17.68

14.36

16.92

No. of  Branches

1242

1250

1261

1276

1287

No. of Employees

13824

14019

14079

15441

16248

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TABLE OF CONTENTS

 

S/No

Description

Page No.

  BANKING SECTOR

10-11

  OVERVIEW OF NATIONAL BANK OF PAKISTAN

12

              Brief history

12

              Vision

13

             Mission

13

              Core values

13

              Organizational hierarchy chart

14

              Head office

15

              Business volume

16

              Awards

17

              Nature of Business

17

              Products Line

17-19

              Services

19-20

              Competitors

20

  INTRODUCTION OF ALL DEPARTMENTS

21

  Comments on structure of NBP

22

  ORGANIZATIONAL STRUCTURE

23

             Senior Management

23-24

             Main Offices

25

             Branches Network

25-26

  PLAN OF INTERNSHIP PROGRAM

27

             Introduction of Branch

27

             Start and End Dates

27

             Name of Department in which got Training & Duration

28

  TRAINING PROGRAM

29

  Task Assigned & Functions  of Deposits Department

29

  Task Assigned & Functions  of Clearing Department

30

  Task Assigned & Functions  of  Remittance  Department

30

  Task Assigned & Functions  of Accounts  Department

30-31

  Task Assigned & Functions  of Advances  Department

32

               Introduction of Running Finance

32

               Introduction of Demand Finance

33

               Introduction of Cash Department

33

  Task Assigned & Functions  of  HR Department

33

  RATIO ANALYSIS

34-48

  ACCOUNTS & FINANCE DEPARTMENT

49

               Structure of Finance

49

               Functions Performed by Accounts Department

50

               Function Performed by NBP Finance Department

50

               NBP Sources of Funds

51

               NBP Generation of Funds

51

  FUTURE PROSPECTS OF NBP

52

  CONCLUSION

53

  RECOMMENDATION FOR IMPROVEMENT

54

  REFERENCES

55

  ANNEXES

56

One Comment

  1. zain October 23, 2012 Reply

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