SUMMIT BANK LIMITED

Bank Road Branch (ii), Sadder Rawalpindi

FOR THE DEGREE OF
B.COM

BY
USRA NASEEM
SESSION: 2012-2013

INTERNSHIP REPORT
ON
 Bank Road Branch (ii), Sadder Rawalpindi

CONTENTS

 INTRODUCTION………………………..
 VISION……………………………………
 MISSION………………………………….
 CREDIT RATING………………………..
 MANAGEMENT OF BANK ROAD BRANCH (II) SADDAR RAWALPINDI….
 PRODUCTS OFFERED BY SUMMIT BANK LTD……………..
 ELECTRONIC BANKING SERVICES…………….
 CONSUMER BANKING……………………………..
 INSURANCE PLAN………………………………….
 CORPORATE AND INVESTMENT BANKING…………..
 COMMERCIAL AND SME BANKING……………………..
 VISA DEBIT CARD……………
 WESTERN UNION…………….
 AMANAT CASH……………….
 XPRESS MONEY……………..
 DEPARTMENT AT BANK ROAD BRANCH (ii), SADDAR RAWALPINDI…..
 CASH DEPARTMENT……….
 CLEARING DEPARTMENT…
 SWOT ANALYSIS…………….
 CONCLUSIONS………………
 SUGGESTIONS………………
 REFRENCES…………………

Acknowledgement
By the Grace of Almighty Allah, the most Merciful, and the most Beneficial, due to the
bounteous blessing of Almighty Allah, I became able to contribute this report on Summit
Bank Ltd. I am thankful to the staff of Summit Bank Ltd.
Mr. Moazzam Zaman Daar (Branch
Manager)
Mr. Khurram Javed (Operations Manager)
Mr. Waqas Ahmed (Customer Services
Officer)
Miss. Lubna Shaheen (Customer
Services Officer)
Mr. Shehzad Ahmed
(Teller)
Mr. Tahir Hussain (CSR) s
Mr. Aurangzeb
(runner)
Because their cooperation I was unable to write this report. In last I would like to
acknowledge my thanks to my parents, teachers, and friends for their help and support.

EXECUTIVE SUMMARY
“THE PURPOSE OF STUDY WAS TO KNOW ABOUT SUMMIT BANK LIMITED AND
TO ANALYZE THE FINANCIAL STATEMENTS “
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 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 landscape 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 uncomplimentary afforded to it by its
sponsoring group.
I did my 8-weeks internship in Summit Bank Limited Bank Road Branch (ii) Sadder
Rawalpindi. During internship I was rolled over in departments. Summit Bank made
heavy investments towards enhancing its capabilities in the area of automation and
technology.
During my eight weeks internship in Summit Bank. Bank Road Branch (ii) Sadder
Rawalpindi. I spend my time in following departments:
 Customer Services Department
 Clearing Department
 Remittances
 Marketing Department
Working in 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 than other banks. I concluded that Summit Bank is performing very well. The
data which is accumulated in this report has been collected through primary and
secondary sources

INTRODUCTION

Banking sector owes a pivotal importance in the economy of any country through its
vibrant functions. A bank is a financial institution that offers the widest range of financial
services. However, despite the material risks, no further major deterioration in asset
quality is expected over the coming period. NPLs are also expected to have peaked at
around 16% of total lending by year-end 2011, from 15.3% at end-June 2011. Short-
term economic growth, lower interest rates and DE-risking of the banks' loan book will
drive stabilization in asset-quality metrics.

Recognizing the system's structural challenges the Bank as a policy opted for and
benefited from sound funding profiles and low-cost current and savings account
deposits, which increased to 67% of total deposits or 56% of total liabilities at end-June
2011. The Bank’s reliance on market and foreign funding also remained minimal.
The economic development of Pakistan remained under pressure due to the
deterioration of major macroeconomic factors. Industrial production and creation of
new capacity was negatively impacted by the almost continuous energy crisis
throughout the year and the insistent circular debt issue remained an area of
concern.

T o provide relief to the people and businesses, the SBP reduced the discount
rate to around 12% per annum in line with reduction of inflation rate during the
year . During the period agriculture sector posted real growth of 1.2% and after
suffering consecutive quarterly deficits, industrial production surged to grow at a robust
pace in the last quarter of the year. Remittance inflows to Pakistan also rose by an
estimated 25 % in 2011 over and above 2010 inflows and touched almost US $ 12
billion constituting almost 4.8% of Pakistan’s GDP.

CREDIT RATING:
Rating Type: JCR-VIS
Bank/dfi/mfb Rating short Term Date of rating remarks
agency long term

JCR – VIS A-2 A- March,2012 Rating outlook-stable

MANAGEMENT OF SUMMIT BANK LTD

Bank Road Branch (iii), Sadder Rawalpindi
BRANCH MANAGER……… (Mr. Moazzam Zaman Daar)
OPERATIONS MANAGER…… (Mr. Khurram Javed)
CUSTOMER SERVICES OFFICERS……. (Miss. Lubna Shaheen) (Mr. Waqas
Ahmed) (Mr. Tahir Hussain)

Credit Officer……. (Muhammad Tariq)

Runner……… (Mr.Aurangzeb)

PROUDUCTS\SERVICES OFFERED BY SUMMIT BANK LIMITED ACCOUNTS:

DEPARTMENTS AT BANK ROAD BRANCH (III), SADDER RAWALPINDI:-
Following departments operates in Summit Bank Limited; Shikarpur Road
Sukkur Branch:
Customer Services Department
Cash Department
Clearing Department
Local Remittance Department
Marketing Department
PROCEDURE OF OPENING AN ACCOUNT: -
The Account Opening Form:
Completion of the Form:
Specimen Signature Card (S. S. Card):
Issuance of Account Number:
Issuance of a Cheques book:
Entry of Cheque Book:
Recording in Computer:
 CASH DEPARTMENT
CLEARING DEPARTMENT
 OUTWARD CLEARING:
Crossing the Cheques:
Clearing Stamp:
Endorsement Stamp:
 INWARD CLEARING:
COLLECTION (OBC):

SWOT ANALYSIS
 STRENGTHS:
 Strengths BAL-IBD is that Pakistan Credit Rating Agency Bank has been
 Awarded an AA-and A1+ (A one plus) in the long and short term
respectively.
 BAL-IBD has strong online network system.
 WEAKNESSES:
 As I have thoroughly study the Bank’s management and financial there
is no such major weak point but one point is that there liabilities are
increasing from year to year.
 I have observed some inadequate behavior and unnecessary pressure by
some higher officials
 OPPORTUNITIES:
 As far as opportunities are concerned BAL-IBD is growing day by day and
its profits are increasing it has an opportunity to develop more
branches to expand the business.
 And there is acceptance of its services so Bank has to increase its
services to meet its customer’s needs.
 CONCLUSIONS
 There is lowest branch network of Summit Bank Ltd.

 Schemes are not properly advertised so that the target market does not
know about facilities offered by it.
 There is no training program for employees to equip them and warm from
latest information.
 No bonus is given to employees.

SUGGESTIONS
 New branches should be open in every corner of the country, for the
purpose to serve maximum number of customers.
 Use BPM to make the system easy.

REFERENCES
 Annual Report of Summit Bank Ltd. 2012
 Standard Operating Procedure for Account Opening and Management
 Bank Road Branch (iii) Sadder Rawalpindi.

Websites:
 www.summitbank.com.pk

 Business Recorder (Business Newspaper)