Index By Nabeel On Askari Bank Limited Internship Report
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Glossary
Bank: Bank is an institution which receives deposits and advances loans and spread between the deposits and advances is called the profit of the bank.
Bank Note: A non-interest-bearing promissory note of a Federal Reserve Bank which is payable to the bearer on demand and can be used as cash.
Bank reconciliation: The process of adjusting an account balance reported by a bank to reflect transactions that have occurred since the reporting date.
Banking: Banking means the accepting fro the purpose of lending or investing of deposits of money from the public repayable in demand or otherwise and withdraw able by cheque, draft order or otherwise.
Barren money: Money that is not currently earning interest.
Cash reserve: Cash reserves simply means the cash that is held by bank at any particular moment.
154
Cheque: A cheque (or check - USA) is a negotiable instrument[1] instructing a financial institution to pay a specific amount of a specific currency from a specific demand account held in the maker/depositor's name with that institution. Both the maker and payee may be natural persons or legal entities.
Commercial Bank: Commercial bank means any bank who takes the activities of banking to earn the profit is called commercial bank.
Credit card: Which is issued by the bank to customer to make the transactions on credit basis.
Credit Union: A non-profit financial institution that is owned and operated entirely by its members. Credit unions provide financial services for their members, including savings and lending.
Debit card: It works just like as credit card but on cash basis. It means the card which is issued by the bank to the client up to the amount which client has in the form of cash in the bank account.
Demand loan: A loan which is repayable on demand (i.e. without prior notice), rather than on a specific date.
E-Banking: 155
Banking through electronically / electronic Channels. Online and mobile is possible due to E-Banking.
Finance: All those activities which have to do with the provisions and management of funds for the satisfactory conduct of business.”
Financial market: financial market is a mechanism that allows people to easily buy and sell (trade) financial securities (such as stocks and bonds), commodities (such as precious metals or agricultural goods), and other fungible items of value at low transaction costs and at prices that reflect the efficient market hypothesis.
Hypothecation: When moveable property/ goods are charged with the amount of debt but neither the ownership nor the possession is passed to the lender. It is said to be hypothecated. By virtue of letter of hypothecation bank can take possession of hypothecated goods in case of default of the borrower.
Insurance A promise of compensation for specific potential future losses in exchange for a periodic payment. Insurance is designed to protect the financial well-being of an individual, company or other entity in the case of unexpected loss.
Letter of credit: L/C. A binding document that a buyer can request from his bank in order to guarantee that the payment for goods will be transferred to the seller.
Merger: The combining of two or more entities into one, through a purchase acquisition or a pooling of interests. Differs from a consolidation in that no new entity is created from a merger. 156
Money (Currency): Money is anything that is generally acceptable as a mean of exchange and at the same time acts as a measure and stock of value”.
NIFT: It stands for “National Institution for Facilitation Technologies”. It is the technology which is used for clearance inside the country.
Offshore banking unit: Branch of bank across the boundary.
Overdraft: The amount by which withdrawals exceed deposits, or the extension of credit by a lending institution to allow for such a situation.
Pledge: A formal contract whereby the borrower agrees to deposit goods/ documents with the creditor on the condition that those will be redelivered to the depositor if the debt is repaid or can be sold by the creditor if the borrower defaults. After recovery of dues from sale precedes the surplus if any is paid back to the borrower Possession passes to bank, ownership remains with borrower
Promissory note: A document signed by a borrower promising to repay a loan under agreed-upon terms. Also called note. 157
Refinancing: Paying off an existing loan with the proceeds from a new loan, usually of the same size, and using the same property as collateral.
Running Finance: The finance type in which markup is charged on the amount which the borrower use. And on remaining amount which borrower has in the bank account, markup is not charged.
SWIFT: It stands for “Society for Worldwide Inter bank Financial Transactions”. It is the technology which is used to transfer the amount cross the boundary.
Term deposit: Savings account or CD held in a financial institution, usually a bank, for a fixed term or with the understanding that the customer can withdraw only by giving advanced notice. It is also called time deposit.
Term Finance: The finance type in which markup is charged on the whole amount. It is irrelevant that whether borrower use the portion of the whole finance amount or whole finance amount.
Voucher: A document which acknowledges a liability or provides authorization to pay a debt.
Deposit: Money transferred into a customer's account at a financial institution. 158
Index A AKAFP, P.64 Askari bank limited, P.14 Askari Debit Card, P.57 Auto Financing, P.57 Awards & Achievements, P.24
B Bank, P.4 BBA, P.73 Branch Hierarchy, P.32 Business Finance, P.54
C Cash Flow, P.120 CDR, P.77 Cheque Book, P.76 Collection Bank, P.80 Conclusion, P.153 Consumer Banking Services, P.48 Corporate Banking, P.46 Credit Card, P.59 Credit Rating, P.24 Current Account, P.72
Outward Clearing, P.81
P Paying Bank, P.80 Pay order, P.88 Personal Finance, P.51 Pledge, P.96 Post Cheque, P.83 Profitability Ratios, P.112
R Recommendations, P.151 RTC, P.49 Running Finance, P.97
S Smart Cash, P.56 Solvency Ratios, P.116 Strength, P.139 SWOT Analysis, P.137
T TDR, P.78 Term Finance, P.97 Threats, P.145 Trend Analysis, P.124
D
V
Demand Draft, P.85 Department, P.34 Dream Life, P.53
Vertical Analysis, P.132 vision, P.16 VPCD, P.50
E
W
External Analysis, P.138
Weaknesses, P.141
F Financial Ratios Analysis, P.99 Foreign Currency Current Account, P.73
G Growth in Profit, P.19 Guarantees, P.96
H Hierarchy of Bank, P.27 Horizontal Analysis, P.125 Hypothecation, P.96
I Internal Analysis, P.138
159
International Division, P.59 investment Banking, P.47 Investor's Analysis, P.105 Inward Clearing, P.82
L LOCKERS, P.79
M mission, P.17 Mortgage Finance, P.53 Mortgage, P.96
N New Corporate Identity, P.21
O OBC, P.83 OBU, P.61 Opportunities, P.143 Organization's Dilemma, P.150 Outward Return, P.82
160
Bibliography Books: •
Alam, Mobin, Hassan. “Money Banking & Finance” Lahore: Syed Mobin Mahmud & Co, P.145, 159
•
Mian, Ahmad, Riaz. “Money Bnking & Finance” Lahore: Azeem Academy, P.317, 363
•
Gitman, J. Lawrence. “Principles of Managerial Finance” New Delhi: Pearson Education Printer, Edition: 10th, P.118
Internet Source: •
Web National Bank of Pakistan. “www.Askaribank.com.pk” Dated: November 06, 2007. Time: 1:00pm.
•
Web National Bank of Pakistan. “www.askaribank.com/financialstatement.php” Dated: November 06, 2007. Time: 1:05pm.
•
Web National Bank of Pakistan. “http://nbp.com.pk/An_Report.htm” Dated: November 22, 2007. Time: 11:45am.
•
Web National Bank of Pakistan. “http://en.wikipedia.org/wiki/SWOT_analysis” Dated: November 23, 2007. Time: 4:00pm.
•
Web National Bank of Pakistan. “http://en.wikipedia.org/wiki/Bank” Dated: November 09, 2007. Time: 3:30pm
•
Web Encyclopedia. “www.wikipedia.org” Dated: November 19, 2007. Time: 11:00am.
Others: 161
•
Askari Bank Limited. “Annual Report 2006” year ended: December 31, 2006.
•
Askari Bank Limited. “Annual Report 2005” year ended: December 31, 2005
162
List of Illustrations Page# 8
Growth of Pakistan Economy
Page# 19
Growth in Profit
Page# 20
Growth in Deposits and Advances
Page# 27
Hierarchy of the Bank
Page# 29
Hierarchy of the Bank (Grade wise)
Page# 31
Hierarchy of the Bank (Region wise)
Page# 32
Hierarchy of the Bank, Vehari Branch (0093)
Page# 46
Corporate Banking Graph
Page# 48
Consumer Banking Services Graph
Page# 60
Progress of Treasury Division
Page# 62
Graph of Non Performing Loans
Page# 16
Horizontal Analysis, Profit & Loss Account
Page# 129
Horizontal Analysis, Balance Sheet
Page# 133
Vertical Analysis, Profit & Loss Account
Page# 135
Vertical Analysis, Balance Sheet
163
Bank: Bank is an institution which receives deposits and advances loans and spread between the deposits and advances is called the profit of the bank.
Bank Note: A non-interest-bearing promissory note of a Federal Reserve Bank which is payable to the bearer on demand and can be used as cash.
Bank reconciliation: The process of adjusting an account balance reported by a bank to reflect transactions that have occurred since the reporting date.
Banking: Banking means the accepting fro the purpose of lending or investing of deposits of money from the public repayable in demand or otherwise and withdraw able by cheque, draft order or otherwise.
Barren money: Money that is not currently earning interest.
Cash reserve: Cash reserves simply means the cash that is held by bank at any particular moment.
154
Cheque: A cheque (or check - USA) is a negotiable instrument[1] instructing a financial institution to pay a specific amount of a specific currency from a specific demand account held in the maker/depositor's name with that institution. Both the maker and payee may be natural persons or legal entities.
Commercial Bank: Commercial bank means any bank who takes the activities of banking to earn the profit is called commercial bank.
Credit card: Which is issued by the bank to customer to make the transactions on credit basis.
Credit Union: A non-profit financial institution that is owned and operated entirely by its members. Credit unions provide financial services for their members, including savings and lending.
Debit card: It works just like as credit card but on cash basis. It means the card which is issued by the bank to the client up to the amount which client has in the form of cash in the bank account.
Demand loan: A loan which is repayable on demand (i.e. without prior notice), rather than on a specific date.
E-Banking: 155
Banking through electronically / electronic Channels. Online and mobile is possible due to E-Banking.
Finance: All those activities which have to do with the provisions and management of funds for the satisfactory conduct of business.”
Financial market: financial market is a mechanism that allows people to easily buy and sell (trade) financial securities (such as stocks and bonds), commodities (such as precious metals or agricultural goods), and other fungible items of value at low transaction costs and at prices that reflect the efficient market hypothesis.
Hypothecation: When moveable property/ goods are charged with the amount of debt but neither the ownership nor the possession is passed to the lender. It is said to be hypothecated. By virtue of letter of hypothecation bank can take possession of hypothecated goods in case of default of the borrower.
Insurance A promise of compensation for specific potential future losses in exchange for a periodic payment. Insurance is designed to protect the financial well-being of an individual, company or other entity in the case of unexpected loss.
Letter of credit: L/C. A binding document that a buyer can request from his bank in order to guarantee that the payment for goods will be transferred to the seller.
Merger: The combining of two or more entities into one, through a purchase acquisition or a pooling of interests. Differs from a consolidation in that no new entity is created from a merger. 156
Money (Currency): Money is anything that is generally acceptable as a mean of exchange and at the same time acts as a measure and stock of value”.
NIFT: It stands for “National Institution for Facilitation Technologies”. It is the technology which is used for clearance inside the country.
Offshore banking unit: Branch of bank across the boundary.
Overdraft: The amount by which withdrawals exceed deposits, or the extension of credit by a lending institution to allow for such a situation.
Pledge: A formal contract whereby the borrower agrees to deposit goods/ documents with the creditor on the condition that those will be redelivered to the depositor if the debt is repaid or can be sold by the creditor if the borrower defaults. After recovery of dues from sale precedes the surplus if any is paid back to the borrower Possession passes to bank, ownership remains with borrower
Promissory note: A document signed by a borrower promising to repay a loan under agreed-upon terms. Also called note. 157
Refinancing: Paying off an existing loan with the proceeds from a new loan, usually of the same size, and using the same property as collateral.
Running Finance: The finance type in which markup is charged on the amount which the borrower use. And on remaining amount which borrower has in the bank account, markup is not charged.
SWIFT: It stands for “Society for Worldwide Inter bank Financial Transactions”. It is the technology which is used to transfer the amount cross the boundary.
Term deposit: Savings account or CD held in a financial institution, usually a bank, for a fixed term or with the understanding that the customer can withdraw only by giving advanced notice. It is also called time deposit.
Term Finance: The finance type in which markup is charged on the whole amount. It is irrelevant that whether borrower use the portion of the whole finance amount or whole finance amount.
Voucher: A document which acknowledges a liability or provides authorization to pay a debt.
Deposit: Money transferred into a customer's account at a financial institution. 158
Index A AKAFP, P.64 Askari bank limited, P.14 Askari Debit Card, P.57 Auto Financing, P.57 Awards & Achievements, P.24
B Bank, P.4 BBA, P.73 Branch Hierarchy, P.32 Business Finance, P.54
C Cash Flow, P.120 CDR, P.77 Cheque Book, P.76 Collection Bank, P.80 Conclusion, P.153 Consumer Banking Services, P.48 Corporate Banking, P.46 Credit Card, P.59 Credit Rating, P.24 Current Account, P.72
Outward Clearing, P.81
P Paying Bank, P.80 Pay order, P.88 Personal Finance, P.51 Pledge, P.96 Post Cheque, P.83 Profitability Ratios, P.112
R Recommendations, P.151 RTC, P.49 Running Finance, P.97
S Smart Cash, P.56 Solvency Ratios, P.116 Strength, P.139 SWOT Analysis, P.137
T TDR, P.78 Term Finance, P.97 Threats, P.145 Trend Analysis, P.124
D
V
Demand Draft, P.85 Department, P.34 Dream Life, P.53
Vertical Analysis, P.132 vision, P.16 VPCD, P.50
E
W
External Analysis, P.138
Weaknesses, P.141
F Financial Ratios Analysis, P.99 Foreign Currency Current Account, P.73
G Growth in Profit, P.19 Guarantees, P.96
H Hierarchy of Bank, P.27 Horizontal Analysis, P.125 Hypothecation, P.96
I Internal Analysis, P.138
159
International Division, P.59 investment Banking, P.47 Investor's Analysis, P.105 Inward Clearing, P.82
L LOCKERS, P.79
M mission, P.17 Mortgage Finance, P.53 Mortgage, P.96
N New Corporate Identity, P.21
O OBC, P.83 OBU, P.61 Opportunities, P.143 Organization's Dilemma, P.150 Outward Return, P.82
160
Bibliography Books: •
Alam, Mobin, Hassan. “Money Banking & Finance” Lahore: Syed Mobin Mahmud & Co, P.145, 159
•
Mian, Ahmad, Riaz. “Money Bnking & Finance” Lahore: Azeem Academy, P.317, 363
•
Gitman, J. Lawrence. “Principles of Managerial Finance” New Delhi: Pearson Education Printer, Edition: 10th, P.118
Internet Source: •
Web National Bank of Pakistan. “www.Askaribank.com.pk” Dated: November 06, 2007. Time: 1:00pm.
•
Web National Bank of Pakistan. “www.askaribank.com/financialstatement.php” Dated: November 06, 2007. Time: 1:05pm.
•
Web National Bank of Pakistan. “http://nbp.com.pk/An_Report.htm” Dated: November 22, 2007. Time: 11:45am.
•
Web National Bank of Pakistan. “http://en.wikipedia.org/wiki/SWOT_analysis” Dated: November 23, 2007. Time: 4:00pm.
•
Web National Bank of Pakistan. “http://en.wikipedia.org/wiki/Bank” Dated: November 09, 2007. Time: 3:30pm
•
Web Encyclopedia. “www.wikipedia.org” Dated: November 19, 2007. Time: 11:00am.
Others: 161
•
Askari Bank Limited. “Annual Report 2006” year ended: December 31, 2006.
•
Askari Bank Limited. “Annual Report 2005” year ended: December 31, 2005
162
List of Illustrations Page# 8
Growth of Pakistan Economy
Page# 19
Growth in Profit
Page# 20
Growth in Deposits and Advances
Page# 27
Hierarchy of the Bank
Page# 29
Hierarchy of the Bank (Grade wise)
Page# 31
Hierarchy of the Bank (Region wise)
Page# 32
Hierarchy of the Bank, Vehari Branch (0093)
Page# 46
Corporate Banking Graph
Page# 48
Consumer Banking Services Graph
Page# 60
Progress of Treasury Division
Page# 62
Graph of Non Performing Loans
Page# 16
Horizontal Analysis, Profit & Loss Account
Page# 129
Horizontal Analysis, Balance Sheet
Page# 133
Vertical Analysis, Profit & Loss Account
Page# 135
Vertical Analysis, Balance Sheet
163
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