Bopexecutive Summary Banking History the First Banks Were Probably the Religious Temples of the Ancient World, and Were Probably Established in the Third Millennium B.C. Banks Probably Predated the Invention of Money.

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BOP http://www.scribd.com/doc/13314549/Internship-Report-of-Nhttp://www.scribd.com/doc/13314549/Internship-Report-of-NBPBPhttp://www.scribd.com/doc/13314549/Internship-Report-oExecutive Summary

BANKING HISTORY

The first banks were probably the religious temples of the ancient world, and were probably established in the third millennium B.C. Banks probably predated the invention of money. Deposits initially consisted of grain and later other goods including cattle, agricultural implements, and eventually precious metals such as gold, in the form of easy-to-carry compressed plates. Temples and palaces were the safest places to store gold as they were constantly attended and well built. As sacred places, temples presented an extra deterrent to would-be thieves. There are extant records of loans from the 18th century BC in Babylon that were made by temple priests/monks to merchants. Banking in fact is as primitive as human society, for ever since man come to realize. The importance of money as a median of exchange. The necessity of a controlling or regulating agency or institution was naturally felt. Origin of banking in the world as priests “Trusted to take case of Valuable” Particularly goods and services.

In Britain 7th century Gold Smith flourished not only as person who could be trusted to

keep deposit of Gold and silver for safe keeping. In 1844 Bank Charter act promulgated

by the Govt. by which all private bank were merged into Joint Stock companies. Due to

the veracity of resources of money bank have been placed in various categories such as:

•Central Bank

•Investment Bank

•Mortagage Bank

•Commercial Bank

•Merchant Bank

INTRODUCTION

The Bank of Punjab was established on 16 November, 1989 under. The Bank of Punjab act 1989. the first Branch which opened was the Main Branch Lahore. In 1989 BOP was mended as a non – scheduled bank on in the province of Punjab.

In beginning the main deposits were the government. Because it was opened to support the government of Punjab. In 1994 the BOP was converted into a scheduled Bank it opened its Branches in allover the country. To day they established 272 Branches allover the country.

The Bank of Punjab functions as a scheduled commercial bank, with a network of 272 branches in major business centres throughout the country. It provides a wide range of banking services, including deposit in local currency; client deposit in foreign currency; remittances; and advances to business, trade, industry and agriculture. First Punjab Modaraba (FPM), a wholly owned subsidiary of the bank, was established in 1992 and is being managed by Punjab Modaraba Services (Pvt) Ltd.

The total numbers of staff of BOP is approx. 4000 most of the employees are master degree holder and are highlyExecutive Summary

BANKING HISTORY

The first banks were probably the religious temples of the ancient world, and were probably established in the third millennium B.C. Banks probably predated the invention of money. Deposits initially consisted of grain and later other goods including cattle, agricultural implements, and eventually precious metals such as gold, in the form of easy-to-carry compressed plates. Temples and palaces were the safest places to store gold as they were constantly attended and well built. As sacred places, temples presented an extra deterrent to would-be thieves. There are extant records of loans from the 18th century BC in Babylon that were made by temple priests/monks to merchants. Banking in fact is as primitive as human society, for ever since man come to realize. The importance of money as a median of exchange. The necessity of a controlling or regulating agency or institution was naturally felt. Origin of banking in the world as priests “Trusted to take case of Valuable” Particularly goods and services.

In Britain 7th century Gold Smith flourished not only as person who could be trusted to

keep...
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