Purpose of studying this organization because of good reputation of this bank and Askari Bank Multan branch is the key business holding branch in the Multan city. I think this bank provide better jobs opportunity as compare to other organizations, that's why I choose this organization for internship. Another reason for studying this organization is that, the Multan branch is carrying corporate status and better learning opportunities are available there for me, therefore I preferred to perform my internship in this bank and here I gained practical experience related with my course and I come to know how bank use the policies and strategies and how evaluate its performance. I feel pleasure and honor that I got the opportunity to work in such a privileged and reputable bank of the country. During my internship program I tried my every best to equip myself with all important knowledge. Furthermore I also learned a lot that how to deal with corporate clients and what their requirements are. In this report, I have tried to humble endeavor to cover various aspects of bank like, introduction, its history, main departments, culture, objectives and working financial analysis.
2. Overview of the Organization
2.1 Brief History of the Organization
Askari Bank Limited works as a Unit of Army Welfare Trust was established for the Welfare of Army Officials. The office of Army Welfare Trust is situated at AWT Plaza, Rawalpindi. AWT offers the "AWT Saving Scheme" to the army officials only. AWT has its units as under: • Askari Associates.
• Askari Leasing.
• Askari General Insurance.
• Askari Cement.
• Askari CNG.
• Textile Mills.
• Askari Bank Limited.
Askari Bank Limited was incorporated on October 9, 1991, as a Public Limited Company, and is listed on Karachi, Lahore and Islamabad Stock Exchanges. The Bank obtained business commencement certificate on February 26, 1992 and started operations form April 1, 1992. Askari Bank limited is scheduled Commercial Bank and is principally engaged in the business of Banking as defined in the Banking Companies Ordinance 1962. Askari Bank Limited continues to scale new heights in all areas of its operations. The safety and security of depositor's funds, high productivity and optimum use of technology are the hallmarks of its corporate strength. In 1994, Askari bank limited earned international recognition as Asia Money Award and the title of "Best Bank of Pakistan” for the year 1995. In 2009, the bank has won the best award in agriculture sector performance.
2.1.1 Askari Bank Limited Multan
Askari Bank Limited was inaugurated on December 28, 1994. It is located on Abdali Road Opposite to PIA Office. The location is connected to all the main trade centers in Multan. It is a prosperous branch streaming towards great achievements. At the time of its establishment the factors that were considered are as follows • Multan is zone covering a large population.
• Multan is the main city of Southern Punjab.
• Multan City is linked to many big cities.
• Multan is the textile city because of cotton ginning factories and textile mills. • Multan has one of the biggest Fertilizers Company named as Pak Arab Fertilizers Ltd. • Agro based area constituting growers and gainers.
• Multan is Army 02-Corpse Head Quarter.
• Educational Institution.
2.2 Nature of the Organization
It is a commercial bank providing lending services to consumers and corporate bodies, the basic purpose of the bank is to earn profit. This bank is known as Askari Bank Ltd. The head office of Askari bank Ltd. is situated in Rawalpindi. Multan is a cotton city, so to get the export market of cotton Askari Bank Ltd. open its branch in Multan in December, 1994. In a short span of time this branch increases their business remarkably. In 2001...