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

3^rd I have discussed bank senior management & Branches networks. In 4^th section I have discussed the plan of my internship in which I mention the branch and the departments where I did internship.  5^th 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.  6^th section is about Ratio Analysis. 7^th 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 8^th 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.  5^th 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.  6^th section is about Ratio Analysis. 7^th 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 8^th 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