mcb internship report

Topics: Deposit account, Cheque, Bank Pages: 14 (3148 words) Published: May 31, 2014
Introduction

Banks have an opportunity to signal that women can progress up to the highest levels by raising the voice and visibility of successful female leaders across their organisation. They can actively seek out successful women in senior positions, especially those who have maintained a good work/life balance, and help build their profile and reputation both inside and outside of their organisation.

History of MCB

MCB Bank Limited, with more than 60 years of experience as one of the leading banks in Pakistan, was incorporated on July 9 in 1947. The bank has journeyed remarkable tenure of more than half a century of competitively edged and well positioned heights of success by deploying quality banking, heads on technological developments, professionally leading management and prudent and ethical work methodologies. MCB was nationalized along with other private banks in 1974 as part of Government of Pakistan's economic reform movement and was later privatized to Nishat Group lead consortium in 1991. Since privatization, MCB's growth has been phenomenal. Today, MCB in one of the largest foreign banks in Sri Lanka, the first bank in Pakistan to launch Global Depository Receipts (GDR) in 2006, has strategic foreign partnership with Maybank of Malaysia which holds 20% shares in MCB through its wholly owned subsidiary Mayban International Trust (Labuan) Berhad since 2008, has international indirect regional presence in Dubai (UAE), Bahrain, Azerbaijan, Hong Kong and Sri Lanka and serving through a domestic network of over 1,150 branches and over 690 ATMs across Pakistan with a customer base of 4.96 million (apprx.) MCB is reputed as one of the most sound financial institution and as one of the leading banks in Pakistan with a deposit base of PKR. 545 bln (apprx.) and total assets of PKR 766 bln (apprx.). The bank is versed as one of the oldest and most responsible banks in Pakistan and has played pivotal role in representing the country on global platforms while being one of the few institutions that are recognised and traded in the international market. The bank has also been acknowledged though prestigious recognition and awards by Euromoney, MMT, Asia Money, SAFA (SAARC), The Asset and The Asian Banker. Departments of Muslim Commercial Bank

For proper functioning of branches and the over all bank has been divided in different departments. division in a branch is as follows: • Account opening department of Muslim commercial bank
• Remittance department of Muslim Commercial bank
• Clearing department of Muslim Commercial bank
• Deposit department of MCB
• ATM department of MCB
• Foreign exchange department of MCB
• Technology department of MCB
Vission Statement
Challenging and changing the way you bank.
Mission Statement
MCB Bank’s team of committed professionals is dedicated to maintaining long term customer relationships through out INTERNSHIP REPORT
MUSLIM COMMERCIAL BANK LIMITED
46-CAVALARY GROUND LAHORE CANTT

SUBMITTED BY: Aneeqa Saif
SESSION: 2010 TO 2014
SUBMISSION DATE: 21 April 2014

LAHORE COLLEGE FOR WOMEN UNIVERSITY

DEDICATIONS

To almighty Allah, who created me as crown of creation and enable me to learn. To my parents who nurtured me well and inculcated in me the spirit to learn more and more. To my teachers at all my stages of study who always guided me in right direction and developed my personality as a useful citizen for the society and beyond them to all my friends from whom I learned much and to staff of the company who fully cooperated with me in the completion of my tasks.

ACKNOWLEDGMENT:
All Glories and honors are for Almighty Allah, who bestowed me with profound perseverance and ability to accomplish this work. I also want to show my gratitude to my loving parents and teachers who make me able to be at this position. I would also like to thank (Operations Manager of MCB) for providing me the opportunity to...
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