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MCB BANK
AMC BRANCH ABBOTTABAD (1320)
Roll #: F-096-2011
INTERNSHIP REPORT ON
MCB BANK
AMC BRANCH ABBOTTABAD (1320)
Submitted by: Sadaf Shafique
Roll #: F-096-2011
APPROVAL SHEET
Approval Committee
1 External Examiner
Mr.______________________ Signature______________________
2 Supervisor
Sardar Ejaz Aahmed
Signature______________________
3 Head of department
Mr. Mushtaq Ahmad____________ Signature_____________________
Designation Principal
DEDICATION
ABSTRACT
The purpose of internship report is to evaluate the performance of organization and give
concrete recommendation for further improvements. Another aspect of this internship is that
it makes of a student imaginative and be dynamic and takes him away from bookish and
impractical philosophy. So it makes the student a practical man and helps him to face
difficulties of practical life and the solution of problems. Through internship a student can
judge his qualities and expertise, whish he gained from books.
As a compulsory requirement of Professional Degree BBA (HONS) I opted to join Muslim
Commercial Bank Limited, to fulfill my degree requirement. My reason for choosing MCB
was to enhance my skills in Management Finance and Accounts, so that to provide myself the
opportunity to cope with real life situation. To better understand the report my
recommendation would be to look into different parts mainly covering the overview of MCB,
overall management of Finance and Accounts.
The bank staff was very much cooperative to me, they have provided me relevant material to
write a report.
TABLE OF CONTENTS
CHAPTER-1
INTRODUCTION TO REPORT
01
1.1Objective of Study
01
01
01
01
02
02
02
03
CHAPTER-2
INTRODUCTION TO MCB
04
04
04
05
05
06
07
07
07
08
09
11
CHAPTER-3
PRODUCT AND SERVICES OF MCB
11
11
19
20
20
20
21
22
22
22
23
23
26
CHAPTER-4
FINANCIAL ANALYSIS
27
27
31
34
36
CHAPTER-5
CONCLUSIONS AND RECOMMENDATIONS
42
REFERENCES
56
ACKNOWLEDGEMENT
I express my gratitude to Almighty Allah for his unlimited graciousness because Words are
scarce and knowledge is limited to express his majesty. I have the pearls of my eyes to admire
the blessings of the compassionate, omnipotent, the Merciful and the beneficent Allah who is
the entire source of knowledge and wisdom. Due to his blessings, I become able to contribute
this comprehensive assignment towards the deep ocean of knowledge already exist. Heart is
warm with love and thoughts have turned to the city of knowledge The Holy Prophet
(P.B.U.H) His saying Learn from to Cradle to Grave inspired the strong desire in me to
undertake this course of valuable studies. I deem it as a great opportunity to offer my heartiest
gratitude to my venerable teacher Sardar Ejaz Ahmed, for his great efforts to make us
understand and to conduct this kind of activities of giving the great opportunity for learning
beyond your existing area of scope. I am thankful to bank manager for his nice co-operation
and proper guidance throughout my internship. Express my heartiest and sincerest sense of
gratitude to all of them for providing megrand exposure to gain multifarious experience, May
Allah The Almighty bless my parents and well-wishers who are the permanent source of
prayers for me and my successes in this world.
Sadaf Shafique
LIST OF ABBREVIATIONS
MCB
IDBP
SBP
MNCs
Multi-National Companies
ADBP
L/C
Letter of Credit
L/G
Letter of Guarantee
ATM
APD
IPD
IT
Information Technology
BTF
NIT
FC
Foreign Currency
PLS
HRM
SBU
NDFC
RTCs
MT
Mail Transfer
ETD
MIS
FDD
FS
Financial Statement
ETD
EXECUTIVE SUMMARY
Commercial banks have always played an important role in country economy. It provides
banking services to private sector as well as to the Government. MCB is one of the
leading banks of Pakistan with a deposit base of about Rs. 280 billion and total assets of
around Rs.300 billion. Incorporated in 1947, MCB soon earned the reputation of a solid
and conservative financial institution managed by expatriate executives. In 1974, MCB
was nationalized along with all other private sector banks. The Bank has a customer
base of approximately 4 million and a nationwide distribution network of 1,047
branches, including 8 Islamic banking branches, and over 300 ATMs, in a market with a
population of 60 million.
During the last fifteen years, the Bank has concentrated on growth through
improving service quality, investment in technology and people, utilizing its extensive
branch network, developing a large and stable deposit base. MCB head office is in
Karachi. It has two staff colleges one is in Karachi and the other is in Lahore. MCB
arrange seminar conferences courses on regular basis to update the knowledge of the
employee. Besides it MCB take active part in tree plantation campaign and spend
millions of rupees annually. It is also helping Govt. in establishing computer literacy
centers.
MCB Bank Limited has a solid foundation of over 50 years in Pakistan, with a network of over
1000 branches, over 850 of which are Automated Branches, over 450 MCB ATMs in 41 cities
nation wide and a network of over 12 banks on the MNET ATM Switch. MCB's operations
continued to be streamlined with focus on rationalization of expenses, re-alignment of backend processing to increase productivity, enhancement of customer service standards, process
efficiency and controls. The Bank has taken the lead in introducing the innovative concept of
centralizing Trade Services in the country by providing centralized foreign trade services to
branches with a view to improve efficiency, expertise and reduce delivery cost.