WEEKELY INEERNSHIP REPORT

(10TH AUGUST TO 16th AUGUST)

WEEK # 02 (Finance and Loans Department) Allied Bank Limited Attock Branch Submitted to: Miss. MEHREEN Submitted by: BILAL AHMAD REG# FA08-MBA-23 COMSATS INSTITUTE OF INFORMATION TECHNOLOGY ATTOCK CAMPUS Weekly internship report
(9:00AM TO 5:30PM)

Monday (10/08/2009) I arrive in office at 9:00 A.M. This department deals with the issuance of loans and finance to customers; customer may be an individual and can be a company. This department is lead by Mr Kaleem, I worked under his control. On this whole day I checked out the files of loans guaranteed and their due dates. Tuesday (11/08/2009) I arrive at 9o clock in ABL. Today customer come named (MS MEHRAN TRADERS) who have got loans. They came for the renewal of their loans. I fill out the renewal form and got the required documents from the customer. Wednesday (12/08/2009) I reached the office at 9.00 AM. Today I have studied as about the issuance of the loan. Customer has to pay the security to the Bank for the issuance of loans. A company must show its balance sheet P/L accounts and its stock and inventory report. After this customer can grant a loan. Company current ratio and liquidity ratios influence a lot for having a loan Thursday (13/8/2009) I was in Bank (ABL) at 9am. Today I have told about the process, that how a bank can recover its loans from the customer incase when the customer is defaulted. In sole proprietorship bank can claim for the personal property of the firm and in company case it can only recover from the company and no one personal property will be held liable.

Friday (14/0/2009) Today the Bank was off because of Independence day. Saturday (15/8/2009) I arrived at 9.00 in the morning. I observed that as it is a small branch so there are limited employees in any department like this one hold only one employee, I also observed that officer in this branch has got target of a leasing in a six month time period. Promotion and appraisal is also based upon the officers performance in six month.

Monday (17/08/2009) I arrive in office at 9:00 A.M. Today I worked in the cash control department. I actually worked with the Taylors, these men actually deal with the cash related transactions. They collect and give money to the customer. Utility bills and telephone bills are also collected by them. There are mainly two registers named as cash received and cash paid. Tuesday (18/08/2009) I arrive at 9o clock at Allied Bank Limited. Today I prepare the cash collection and cash payment registers with the help of my supervisor. I prepare the advices of cash payment and cash received from different branches of ABL, this cash is being delivered and collected by Phoenix Company. Cash access and cash shortage is also maintained by this department. Wednesday (19/8/2009) I was shaking hand with the bank guard right at 9am. Today the manager was on leave, I observed and get to my knowledge that who will be working and controlling manger job in this case. It is the CSR (customer relationship office). Furthermore today I personally deals with the customers, like I issued them the cheque books, fill out their online slips and I opened a current and a PLS/saving account. Thursday (20/8/2009) I was at the bank door exact on 9am.Today I evidenced a cash access case. There was actually mistake done by the cashier. He collected the cash but didnt get the documents from the customer and at the end of the day cashier was held liable for this cash access. Then he asked me to write an apologizing application to the manager and after that manager of the branch take further steps.