Summit Bank

Topics: Bank, Commercial bank, Banking Pages: 60 (13791 words) Published: June 29, 2012


An Internship report
Submitted in Partial Fulfillment
The Degree of Masters of Science
Accounting & Finance

Session (2008-2010)
Department Of Accounting & FinanceKinnaird College for Women, Lahore [pic]

Executive summary

“The purpose of study was to know about SUMMIT BANK LIMITED and to analyze the financial statement. “

In this report the Summit Bank’s history, mission, vision and services as well as management is mentioned. After this the analysis of financial statements is conducted which shows where the Banks is standing.

Banking sector of Pakistan has been transformed within a short period of 5 years from a sluggish and Government dominated sector to a much more agile, competitive and profitable industry.Speed and sequencing of banking sector transformation and its role in promoting economic growth is now a leading story of a sector succes.Within Pakistan SBP offers a story of what effective leadership of regulator and change management and corporate governance can achieve and offer.Outside pakistan it is serving to offer rich lessons in what difference governance of regulator can make and how bank restructuring and privatization can change the lanscape of of the industry.

Summit Bank Limited started operations in August 2006 and became a profitable entity within one year.AHBL had started off with a high capital base and is positioned to take advantage of the business synergies and complementaries afforded to it by its sponsoring group.The bank has a quality management team, a first class technology platform, and commitment to global practices.Its business strategy is based on the “block-building” principle wherein profitable niches are tapped progessively. I did my 12 weeks internship in Summit Bank Limited Multan Road Branch.During internship I was rolled over in departments.

Summit Bank made heavy investments towards enhancing its capabilities in the area of automation and technology. It is well positioned to meet client needs, with improved competitive advantage.

During my twelve weeks internship in Summit Bank Multan Road Lahore is spend one or two weeks each in following departments:

• Account opening department
• Clearing department
• Trade finance department

Working these departments was a great learning exposure for me. When I conduct financial and trend analysis of Summit Bank I found that its financial position is improving year by year. Comparative study with other banks shows that it is somewhat better then other banks. I concluded that Summit Bank is performing very well.



My creator, my best friend and mentor, who bestowed on me the meaning of life. “ALLAH” who granted me a wealth of knowledge, love and respect to share with my fellow beings. He gave me courage to pursue my passion against all odds.

My Parents whose raising gave me character and a compassionate heart. I pay my thanks to Dr. Nikhat Khan Head of Accounting & Finance Department of Kinnaird College for Women enabled me to complete this assignment. I also pay my gratitude to my teachers and Ms Manal Talat Coordinator, Accounting & Finance who’s cooperation on every step of this demanding task is highly appreciatable. Without their cooperation it was not possible to complete this task. My heartily thanks to Staff of Summit Bank limited, Multan Road Branch for their cooperation.

Table of Contents

Description Page No.

Introduction of report------------------------------------------------02 History of the organization------------------------------------------07 Management of the organization------------------------------------21 Field of activities------------------------------------------------------26 Work done by...
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