Organization Overview

Vision Statement of AKBL

“To be the leading bank in the region”

Mission Statement of AKBL

“To be the leading private sector bank in Pakistan with an international presence, delivering
feature service in the course of innovative technology and useful human resource
management in a modern and progressive organizational culture of meritocracy, maintaining
high ethical and professional standards, while providing enhanced value to all our stock
holders and contributing to society”

Industry Introduction
Meaning of Bank:
It is normally accepted to be the word bank started in Italy. The war in the mid-12th century
was a major financial crisis in Italy. To meet up the costs of war, the government imposed a
enforced loan granted for the society in the interest of 5% P.A. It is known, such as loans
Compara, Mintuo etc. The most common name Monte. Monte word Bank`s appointed bank
in Germany. According to some authors, the word derives from the word bank has been It is
also called the word bank is derived from a word that means banks banch. Jewish money
lenders do their business in Italy sitting on branches in different market places. Do any of
them used to feel to fulfill its obligations, will be broken by angry creditors bank or credit the
banch. Guess the word bankrupt banks will start to break. The banking system has been
launched by the money lending business, which rightly used the word bank as an umbrella
term for a number of word types of institutions carrying on World Bank banco.Today it is
argued that the financial business was launched.
Definition of Bank:
Bank economist and defined in many ways by various authors on books on trade. The bank
performs multiple functions, because it is very difficult to determine a bank. According to
different types of bank offices that perform various tasks, can be defined in different ways.
The evolution of different types of banks, each specializing in a particular area, emphasizes
each edge. All types of banking institutions to cover a common and comprehensive definition
would be unscientific and probably impossible. Any bank must specify the definition of
special functions. Lawmakers have explained this problem is realized and Exchange Bill Act
1882 (UK) the bank said, was whether or not incorporated, whether it includes a body
carrying on banking business that Is. This definition makes it clear to us that there are
different banking institution that functions can be declared as a bank. But in practice it is
found that many banking functions from time to time and vary from one place. This is not
possible by a single bank to manage all banking functions at this time. If the number of
special banks with the aim of committing one or more functions in one. As for example,
Central Bank, Commercial Bank, Industrial Bank, Agricultural Bank, Co-operative Bank etc.,
are in the practical field.Dr. Herbert L. Hart has defined a Banker as A Banker is one who in
the ordinary courses of business honors cheques drawn upon him by persons for whome he
receives money on current account. According to Sir John Paget No one and no body
corporate and otherwise can be a Banker who does not (i) take deposit accounts (ii) take
current accounts (iii) issue and pay cheques drawn upon himself (iv) collect cheques crossed
and uncrossed for his customers.
Hilton Banking Commission defines Bank or Banker in the following words: Anyone, its title
or description to return by the firm or company check, draft or order.Banking Ordinance 1962
(Pakistan), or banker or bank banking and acceptance plans to use the money in reserves to
the topic defines as banking lending or investing in redeemable or otherwise deposits,
demand from the public and cheaque, withdraw from the draft, order or otherwise. In view of
the above definitions may be given as a simple definition and short bank is an institution that
deals in money and credit. It also gives the Money Transfer Revenue Agency and various
other services to customers for a city or country to another.
Importance of Banking:
Bank plays an important role in economic development. Is dependent on a country's general
economic and efficient banking system. Progress industrial, agricultural and trade is not
possible without a good banking system of a country. The importance of banking may be
stated as follows:
Capital Formation
Economic growth depends on the distribution of economic resources from consumption to
capital formation. Capital Increase efficiency. Savings banks play an important role in the
accumulation of capital scatered people together. And banks make a valuable service in
developing countries by promoting the development of capital.
Inexpensive Media of Exchange

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Offers modern banking independent media rates. Currency is a great success of modern
banking issue. Banks issued checks are often used instead of money actually transacting
business. Such checks economized use of currency notes.
Development of Trade and Industry
Banks use their funds deposited by advancing loans to commercial and industrial enterprises.
It is also in relation to foreign trade, banking, etc., making a valuable service by issuing a
letter of credit
Reservoirs of Funds
Banks act as reservoirs of money in the country. In times of economic crisis, bankers come
forward to help the government by buying government securities or extend credit.
Transfer of Funds
Banks facilitate the transfer of funds from one place to another safely and at a very cheap cost
through bank drafts, mail transfers, telegraphic transfer, travellerscheque etc.
Dealing in Foreign Exchange
Bank foreign exchange purchase and sale of foreign currencies and by issuing letters of
credit. Foreign funds are remitted through banks.
Money Market Operations
Structure and rely largely on fluctuations in the currency market, bankers activities. Currency
in the country to the best of their sustainable management to the market under the direction of
the central bank of all banks.
Service to Customers
Banks tend to perform various management services to their clients. Collect or exchange,
profits, insurance premiums, etc., to pay on behalf of their clients. The trustees ore
enforcement documents, they also act as an extension of financial advisors and their clients.
Functions of Modern Bank:
The following is the list of functions or services rendered by a modern bank:
1. Bank gives cheap media of swap through its cheques etc.
2. Bank holds public deposits.
3. Trade and Industry Bank Financial.
4. Bank maintains capital by economic efficiency.

5. The Bank operates as reserve funds.

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6. Foreign exchange and banking transactions in foreign trade financing.
7. Central Bank issues notes and control the supply of money.
8. Central Bank credit, money market and exchange controls.
9. All banks participating in the development of the money market.
10. Bank facilitates the transfer of funds from one country.
11. Special bank helps in the development of agriculture and industry.
12 banks to act as a protector of consumers.
13. The Bank, acting as underwriters for raising capital or loans from public institutions and
companies.
14. Bank executor of the will and trust from our customers, and work documents.
15. The Bank acts as correspondent and its customers, correspondent banks and other
financial institutions.
16. collects from banks and bill payments by its customers.
17. The I-bank payments and subscriptions, insurance premiums, rents, salaries, etc. is
gathered about, and the dividends paid pension payments and invoices to their clients.
18. Bank loans and advances extended by financial advice to its clients.
19. Discount Bank Bill.
20. Bank to purchase and sell securities on the stock exchange.
Qualities of Good Banking System
In money and credit is a commercial bank. It usually does with his money and not the money
of others. It takes deposits from the public and to our clients in the public interest or profit.
This is a very dangerous activity in the banking business. A bank must have some quality
effectively and successfully in its operating functions. The following as "the good
characteristics can be summarized Bank.
Adequate Capital:
A banker should be plenty of capital. Performed a large-scale operation and various functions
of a modern bank require large amounts of capital at an early stage. Thus, a nonbank can
flourish without massive investment.

Good Reputation:

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Reputation is the most important factor in the bank's performance. To succeed, you must
have a reputation in a bank money market. A bank's reputation depends on the performance
of directors and the management and staff qualifications.
Liquidity:
Which has been treated in a bank money so that a banker should always prepare themselves
to meet the claims of depositors, not them. He said that reserves of cash and should continue
to have plenty of time that can be implemented to keep the fixed assets in this way. He said
the fund for long-term loans advanced should not block and they should always prefer short-
term loans.
Safety and Security:
Advance safety in loans should be the basic guiding principles of the Bank. Advanced banker
should be disbursed. Who carefully studied before lending money to people. The RS Sayers,
a good banker is one who can distinguish the sound of madness debt.
Economy:
Economic costs must be kept for the proper functioning of the banking business. A good
banker will always try to maximize its profits over a minimum price.
Effective Publicity:
A bank should adopt scientific methods to promote appropriate business promotion.
Location:
A bank is a place of quality. This bank must be located in the business center so that you can
successfully grow their business.
Specialty:
To succeed, you need to specialize in one or more areas in a banking system. The purpose of
financial analysts an agricultural bank for agriculture. Industrial Bank offers credit conditions
in the industry. Individual banks are specialized in various areas of banking.
Good Show within the Office:
Bank offices should be equipped with modern equipment, proper sitting arrangements users
should be within the Bank's office.

Good Personnel and Efficiency:

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Bank officers and employees should be efficient in their work. They should be trained in
various areas of banking. Moreover, they should have a pleasant personality should be polite
and well behaved and style.
Classification of Banks:

The banks can be classified on the following three basis:

1.Structural Classification of banking.
2.Operational Classification of banks.
3. Functional Classification of banks.

Structural classification of banking:

Banks can be classified on the basis of their structure or constitution. According to structural
classification, banking may be classified as (a) Branch Banking (b) Unit Banking
Branch Banking:
The branchless banking is done through the banking business and a single head office control
network of branches in the same city or place of work. These branches can be located abroad.
This system is the banking system in the UK. If one day followed by many countries,
including the system, Pakistan.
Unit Banking:
Conducted through a branch office without any banking unit of banking operations.
Remittances and foreign exchange, etc., are dealt with through correspondence between
banks of the two countries. US Bank unit home.
Advantages of Branch Banking
1. Large Scale Operation:
Branchless banking system has all the advantages of large scale operation. Division of labor
is applied with reasonable success, employees become specialized in various banking sectors.
2. Economy of Reserves:
Under this type of banking funds can be easily transferred from one branch. Therefore, the
economy full cash reserve storage can be provided by a number of banking branches.

3. Remittances of Funds:

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This system facilitates easy remittance of funds from one country to the number of its
branches in different countries.
4. Spreading Risk Geographically:
The bank has several branches can spread the risk of geographical or territorial. The losses
incurred by the branch in one area can be offset by the profits of branches in other areas.
5. Parity in the Rate of Interest:
Another branch banking system to the slightest movement of funds from one country to the
different parts of the same country, or hold an equity interest.
6. Wise Banking Policy:
Bank Bank may have a wise policy. It has got a good number of branches across the country.
It can study the amount and credit position. Loans and advances are not made on merit and
other considerations. The officials at the central office to apply for a big loan amount.
7. Investment of Idle Funds:
Under a branch banking system branch can transfer their idle funds to other branches, where
it can be invested in profitable conditions.
8. Foreign Exchange:
Foreign subsidiary that is easy to operate foreign currency in a bank branch.
9. Superior Management and Personnel Training:
Large branch banking operations were superior attracts and offers wide scope for training.
Disadvantages of Branch Banking
The critics of the branch banking mentioned the following disadvantages:
1. Loose Control and Management:
The branchless banking system, it becomes very difficult for a single number to a more
effective control of head office management and branches.
2. Red Tap-ism:
The ISM red tape and delays common to lack of sufficient authority to branch managers.
They also are not allowed to stay long in one branch, so they will not have the opportunity to
become familiar with local needs.

3. Relationship Between Management and the Employees:

Due to the large number of branches between employers and employees is not close and
cordial.

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4. Late Decision:
A branch can get as fast decision or action, as in the case of a large organization,
emergencies.
5. Concentration of Financial Resources:
Financial resources are concentrated in the hands of a small number of branch banking to
Bank officials.
Advantages of Unit Banking

1. Easy Management and Control:

The banking units, an office becomes a lot easier to manage and control effectively.
2. Close Management and Workers Relationship:
The banking unit, close and pleasant among employers and employees prevail there.
3.Quick decision:
The banks' owners or management units can get quick decisions and quick action in time of
an emergency.
4. Use of Local Resources:
Local funding is used for local development.
5. Lesser Fraud and Irregularities:
The Bank less scattered problems, there are very few possibilities of fraud and irregularities.
Disadvantages of Unit Banking
1. Limited Size of Operation:
Bank can not be a large-scale operation to the restricted area of the business unit. Being a
small organization, can not be applied to the division of labor.
2. No Economy of Reserves:
The banking unit, the bank can not transfer the funds to any other branch. So spare cash
economy can not be provided under this system.
3. Limited Financial Resources:

A bank unit funding is limited, so it is not able to provide full and appropriate environment
the banking industry and trade zone.
4. Investment of Idle Funds:

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A bank unit that has no other branches, can not use the idle funds in profitable ways.
5. Disparity in the Rate of Interest:
Under the system as operational a classification based on the nature of the various bank
management operations other banks are separated, there prevailed a great disparity in interest
rates on the same site, banks are divided into two categories as follows can be.
(a). Correspondent Banks:

(b). Specialized Banks:

(a). Correspondent Banks:

Banking unit, no branches are tied together by a representative of the banking system. Under
this system, the unit of the bank deposits of cash deposits with a bank in a small town, village
or town. This high Citibank and other bank deposits with the city. These units are connected
by a bank letter writing. And the funding of foreign trade transactions are obsessed with their
correspondent banks. Banks are completely independent unit of each other, no doubt, but they
are connected with each other through correspondent.

(b). Specialized Banks:

Bank, is performs one or more specific functions which specializes known as banks. For
example, an agricultural bank takes responsibility for financing agricultural activities.
Especially industrial banks funded enterprises. Different types of Japan specialized banks a
developing, such as the Pakistan makes them special work, have an important role in the
economic development of a country are working with banks to separate, where specialized
banks, house Is. Our Agricultural Development Bank is helping financially to the
development of the agricultural sector of Pakistan economy. Industrial Development Bank is
a specialized bank financing large-scale industries in Pakistan for Pakistan.

Functional Classification Of Banks

Banks may be classified according to their functions. Different kinds of banks, with different
functions may be summarized as follows:
(a) Central Bank:

A central bank is the most important institution in the country's banking system for the
purpose of establishing the country's banking and financial system regulation. It is entrusted
with the responsibility to keep the notes and coins in the country and maintain a stable price

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level in the country. This government and all other direct or indirect control of work activities
as banker to the banks. State Bank is the central bank of the country of Pakistan.
(B) Commercial Bank:
This type of bank is busy with domestic business finance happiness. This short term loan
deals. I can deposit these investment together people with different types of accounts and the
modernization and short credit trading businesses in the fund. Bank of the type known in the
world most. In our country, for example, the National Bank of Pakistan, Habib Bank Limited,
United Bank Limited, Muslim Commercial Bank Ltd. and Allied Bank Limited commercial
banks.
(C) Industrial bank:
The company specializes in the financing industry. Perform industrial organizations that
provide long-term loans for individuals. The Industrial Development Bank of Pakistan
(IDBP) and the Pakistan Industrial Credit and Investment Corporation (Picić) Examples of
industrial banks.
(D) Agricultural Bank:
Bank provides long-term financing and small farmers for their agricultural purposes. Achieve
long-term capital is required for the purchase of land improvement and heavy machinery and
equipment. Capital Short seed, that fertilizer, wages are disbursed Agricultural Development
Bank (ADBP) long-term, medium-term and term of Pakistan that the country is called the
actual costs of agricultural bank is the best example for farmers short.
(E) ExchangeBank:
Exchange transaction banking, mainly in finance foreign trade. It deals in foreign currency.
The wards bank's other main function which arise in connection with the import market,
drafts, wire transfers, etc. They have to buy and sell foreign currencies instead of foreign
currencies title in the form of bills buys Bill the country's export trade and deal in return.
International debt, export and precious metals and securities, if necessary, the importation of
deposit with the Bank of agents buying on the international market of money and major
shopping centers, banks Exchange Liquidation London, Paris to draw his side, New York, etc
and sell them draft their deposit accounts.
(F) CooperativeBank:
Members of this type of bank is jointly organized by people on professions within the
objectives of providing banking and credit facilities. Generally in each country. Government
to encourage farmers, fishermen, workers in factories, etc., protects banks

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(G) Mortgage Bank:
Mortgage Bank agricultural land, buildings and cars, etc. Usually, the credit agronomists,
small or home building industry is for manufacturers, advancing long-term loans against real
estate securities. Where supply is very limited for this type of bank capital is under
development in a country. In our country, the House Building Finance Corporation has been
working as a mortgage bank to provide long-term loans against home builders, building and
real estate securities.
(H) Savings Bank:
Offers such banking facilities for people to save money. This type of promotion or thrift bank
is established with the aim of saving habits among people with low incomes. It takes deposits
from the public lands and funds raised for traders. Allow depositors to withdraw money from
their deposits twice a week. Pakistan continued to post office savings bank functions.
Certainly other commercial banks and savings deposit.
Nationalized scheduled banks:
 National Bank of Pakistan
 Bank of Khyber
 Bank of Punjab
 First Women Bank
 Sindh Bank
Early Growth of Banking
Banking is actually an ancient as human society. Man ever to understand the importance of
money as a means of exchange. The children were probably designed as early as 2000B.C
loans that the banking system. It is clear that the credit temples were used as widely respected
and trusted child on the edge of the clergy.
Formal Definition of Bank
Making loans to invest in securities, money and alternate time and a licensed financial
institution to provide to cope with the demand to accept deposits. Charged on bank profits
and pay the difference in interest rates. There are following types of banks:
 Central bank
 Commercial bank
 Industrial bank
 Exchange bank

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  Saving bank
Banking is a business of providing financial services to consumers and businesses. Payment
to a bank offering basic services and in current accounts, which can be used as cash to
purchase goods and services, savings accounts and time deposits, money for future use can be
used to save, you can use the loans to consumers and businesses to buy goods and services,
and basic services such as check cashing and currency exchange cash management. A
broader definition of bank is
“ Any financial institution that receives, collects, transfer, pays, exchanges, lends,
investments or safeguards money from its customers.’’
Banking services serve two primary purposes:
At the first, the main medium of exchange (cash, checking accounts, and credit cards) as well
as things play an important role in banks by providing consumers and purchased services.
Without payment methods known to those goods can be exchanged by simply takes too long
and is active barter.
The second, boost the amount borrowers to accept deposits from savers and then by loans,
bank money and cash flow for productive use investment. This allows the conclusion that I
need to produce more goods and services to the economy. Enabling investors to secure
financing and insurance is called the flow of money and that has been created for banks.
Industry Background
Aug 14, 1947, a new state called Pakistan Muslin 1947. Provision of I was appointed an
expert committee to study the issue of freedom being. In accordance Act. . To rebuild
people's confidence in the bank, the banks of the company ruling Pakistan State Bank of
Pakistan 1947. The government has announced the opening 1948. July 1, at the end of June
1958, Pakistan 195 the number of banks branches of enhanced 307
History of Banking in Pakistan
At the time of independence, planning 631 bank offices in Pakistan, of whom 487 are located
in West Pakistan alone there. Without the resources of a new country, it was very difficult for
Pakistan to immediately run on the banking system. Therefore, the Commission expert
recommended that the Reserve Bank of India so that the needs and responsibilities, could
Coinage problems, exchanges between India and Pakistan, continue to work in Pakistan until
September 30, 1948 should. Muslims began shifting their funds and accounts in India. Fell to
225. The number of planned bank officials in Pakistan until the end of June 1948 there are
631, are engaged in crop exported from Pakistan were 19 foreign banks as small branch

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offices of the two institutions Pakistan, Habib Bank of Australia and Bank of Pakistan were
there. Bank customers are not satisfied with the state of unsafe banking. The Reserve Bank of
India was not in favor of the government. Pakistan. Govt. Pakistan has decided to create a
central bank in full fledge. The Pakistan Supreme Leader Ali JinahAzamMuhammal
Governor General on July 1, 1948. The State Bank of Pakistan has launched a landmark in
the history of the bank, the State Bank of Pakistan took control of the banking system and
currency in Pakistan. Pakistan's banking structure consists of the following categories

 State bank of Pakistan

 Commercial banks
 Saving banks
 Co-operative banks
 Specialized credit institutions

December 31, 1973 up to, and some working in Pakistan for the 14 commercial banks in
foreign countries through a network of branches across the country. All commercial banks
were nationalized in January 1, 1974, are recognized and are being included in the following
five banks:

 National bank of Pakistan

 Muslim commercial bank limited
 Habib bank limited
 United bank limited
 Allied bank of Pakistan
State Bank of Pakistan is the central bank of the country and was established on July 1, due to
difficulties in the banking system in Pakistan 1948.The separation of East Pakistan in its
resonance and economic depression. Bank branch network now covers a very large segment
of the national economy. Significantly increased the number of branches and around in the
bank branch for every 3,000 population. This establishment is not made reasonable growth in
deposits. In addition to its growth in the late 90's introduction of special credit and financial
institutions also need to privatize state-owned banks and companies have developed over the
years. The government of Pakistan. Has accepted the challenge of the private sector and the

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privatization of all banks. State Bank of Pakistan periodically issued shares. Bank employees
and other people can also purchase their shares and profits.
Organization History
ABL was incorporated in Pakistan on October 9, 1991 as a public limited company. This
April 1, 1992 and started operations in 1962. was recorded in Karachi, Lahore and Islamabad
Stock exchangesPakistan as defined in the Bank Rate, is principally engaged in banking
business banking company. limited job dominance is threatened. Army Welfare Trust office
in Rawalpindi square AWT. The Askari bank's head office. AWT provides "AWT savings
scheme" for Askari officers.
AWT units like this:
 Askari associates
 Askari leasing
 Askari general
 Private business
 Textile mills
 Cement industry
 Askari commercial bank
Askari Bank shares are currently highest quoted between in Pakistan new private sector
banks. Market views while capturing the banks, the Askari has given good value for its
shareholders. is. Internet covers all major cities in Pakistan has supported 800 VAT
distribution for a combined network of ATMs customer service channels. December 31, 2004
as the bank was equators. 6.016. RS billion and total assets. 107168000000 is the bank with
its operational head office in Rawalpindi, twin city of Islamabad, which have relatively
limited opportunities 2118.Askari than bank Karachi and Lahore with over 475000 customers
served by the Bank's total staff.
Organizational Structure
Organizations can not function without special functions and duties arrangements. To this
end, organizations are divided into departments.
Every organization needs a structure that provides a framework for the successful operation.
A number of activities, which are related to the functioning of an organization making,
including decisions conversation. These activities must be linked to organizational objectives
are achieved by

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. This April 1, 1992 and started operations in 1962. was recorded in Karachi, Lahore and
Islamabad Stock exchanges Pakistan as defined in the Bank Rate, is principally engaged in
banking business banking company. Banking, which has not only witnessed a dramatic
change in the last ten years with redefining priorities and focus Askari Bank development
banks, but also bank job players. Askari limited trading dominance Army officials as a threat
to unity.

president

senior Exective
vice p

Executive Vice
president

Senior Vice
President
(SVP)

Vice President
(VP)

Page 14 of 38
 addiional vice president

manager

asistant manager

grade 1

grade 2

grade 3

Asistant cashier

non Clerical staff

Organizational Chart
Organizational chart shows the linkage of employee to employee in fact it covers
every single individual who is working in one specific organization for common

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goal. Organizationalchart of askari bank shows the step by step relation from
president to senior vice president.

Branch Hierarchy in Gujranwala

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 Branch Manager
Zahid Ibrahim

Manager Operation Incharge Foreighn Incharge CAD

Trade (M. Atif (Mr. Bilal
Department (Mr. Khokhar) Humayun Butt)
Muhammad Awais)

Officer Corporate
Incharge General (Muhammad Bilal
Banking (Salman Mehar)
Nawaz Warraich)

Incharge Car
Cash Officer
Ijarah (Sheraz)
(Zohaib and
Shaista Baighum)

Offiecer Car
Incharge Ijarah (Bilal
Remmitances (Mr. Mehar)
Shehzad)

Departmentalization
ABL Organization has a comprehensive banking system. The banking system is a
collection of related departments to work together to achieve organizational
goals. I can only say A. B is a rating system that includes the departments under
it and that are integrated to work together.
 Account Opening department
 Remittance department
 Credit department

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  Cash department
 Clearing department
 Accounts departments
 Foreign exchange department
 Advance department
Account Opening Department
Borrow finances from various source has turn into an important quality of
today's trade enterprise. But in the case of bank borrow finances from external
parties is based on the moral of the entire banking system, which is very
important. Bank capital is greaterthan the capital borrowed. In the form of bank
deposits as borrowing. These reserves are borrowed from different parties. It is
made by opening a bank account to deposit formation. Opening an account is to
establish customer relationship banker. New Account banker occupation should
determine the customer to open the respect for and the nature of business coming
from limestone references to open an account integrity than a banker.
Preliminary investigation is necessary because of the following reasons:
 Avoid funds
 Safeguard beside accidental overdraft
 Negligence
 Inquiries about clients
Current account
Current account has no interest in it. It is only for the purpose of the business
deal. They are paid on the application. while a banker received a request from
the obligation to pay all deposits up until the balance in the control account.
Because there is no profit can be called up under the co ntrol of the current
account is paid on this account. The current account is mainly open for business.
Account. Bank a minimum balance in order to maintain customer needs offers a
variety of accounts to meet the daily needs of different customer transactio ns.
The national accounts provide convenience and freedom from any of the 1,100
bank branches. Included in accounts: No minimum balance is the primary
account, business account online transactions, demand to meet the day to pay for
offers of drafts, orders and some business needs; security life offers life

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insurance at no cost to the accounts, and all other conventional account. Savings
Account
Save the individuals, charities, companies, educational institutions and firms,
etc. are made by check accounts op ened by this account can be opened with the
return of a very small amount of this account. Flexible rates paid on a six -
monthly accounts. This rate is 8.5% in six monthly rates. Rs minimum deposit to
open the account. 100/- This development offers a wide array of savings
products to suit the needs of & short -term transactions. Attractive rates of return
to our savings accounts, and offer the flexibility to do so. Savings target of Rs
consumer Xtra. 5 million, while savings deposit 365 gold to pls least a fe w
require less balance, offers rates on daily balances. In fact, it is a unique
product: Smart Savings Account only guide you through a debit cart, a very
competitive rate of small savers.

Askari Special Deposit (ASDA)

This is a special plan known as the "Askari bank deposit accounts. These
accounts are accepted as determined by the Bank from time to Amounts in time.
PLS deposits specific rules by the bank on the same basis / rules are subject to
conditions. on the basis of loss of profits and separation a greement as
determined by the Bank to pay dividends in ASDA. as defined by the Bank shall
be final binding on profit account holder. earnings by H.O ASDA of such
deposits to be paid after six months to the original rates ASDA account interest
bearing account. Interest is paid at the 8:00 Mass percent. the lowest minimum
deposit reserves the return of the money rate of repayment of a month, while set
in the Annex. the control can be drawn on accounts it is. it is important for client
accounts used to pay interest month I must maintain a minimum balance of
Rs.0.05 lack. This is why it is similar to the current account.
Asian Bichat Certificate
ABC are three fixed-term deposit for five years. Refundable deposit payment on
a monthly basis and because of the matu rity of their deposits. At least the
minimum balance requirements. 25000 / - is more and more demand balance Rs.
1.0 million. ABC is for 3 years, the rate of return for the third year is 12%. 00%

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is for ABC 5 years the rate of return is 13. It is the balan ce of the account is held
or '3' or years banks '5' within check. Which is why there is a checking account.
But payments made monthly repayments.
Notice Deposits
Notice deposits are fixed-type deposits. At least need to open an account
balance. 5000 / - and payment is made at the specified maturity period. Notice
deposits are of two types:
• One for 30 days and 10% above the prior notice of the money collected for the
stretching and the rate of return required by the customer.

Term Deposits
A term deposit is a deposit that is made for a specific period of time. Holds
money for specific accounts or account holder of the individual. A deposit is not
able to check back. The maturity of the account, the account holder's money after
the deposit period with a profit every six months. At the end of the specified
period, the customer is allowed to withdraw money. ABCL clearly a deposit
scheme affiliates. One of these "military" has the advantage of a month. 12 rate
on this account are: 00% for 4 years. 5 short ac count varies Rs 1 month deposit
and minimum balance. 5000 /-.
Foreign Currency Saving Account
• Pakistanis and foreigners can open this account.
• profitability is also credited to the account monthly, depending on the product.
• As customer DNA, is the facility with drawing in foreign currency.
• F.C. savings accounts accounted for the transaction in the same Pakistani
Rupees
• F.C. rates and monthly accounts are kept for the DNA of the proper functioning
of daily revaluation of all foreign currency saving money
Account Opening Procedure

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The first step towards building relations between the client and the bank to open
an account. All functions are highlighted as the key to open the account, being
performed in a branch. Therefore, branch / operations manager must meet with
potential customers to make reasonable efforts to determine what is included in
the opening of new accounts and the potential customer's true identity.
For Accounts (C / A, ASDA, savings) account to a different account holders for
each type. As the following descriptions, "are very different in individual
accounts" operation / procedure necessary to form "joint accounts", "property",
"partnership", "Company" and social clubs or associations.
Requirements for accounts opening
Individual Account
• CNIC / NICOP / copy of Poc
• Any proof of employment / business (if applicable)
Student Account
Students who seek the same for both accounts are required for an individual
account of a document are different documents:
 Student’s I’d card
 Copy of the B form
 Copy of the guardian

For limited company account

• Include a copy of the certificate
• Memorandum of Association and Articles of Association
• Resolution Board
• Certified copy of the latest final -29
• List of directors
• Certificate copies of all directors CNIC to start a business (public limited
company)
Partnership Account

• partnership work
• authority and mandate letter
• CNIC copies of all partners
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• account opening application
Letter of Thanks

At the second day of account opening AKBL issues letter of thanks to “account
opener” and “account introducer for the trust they have on AKBL.
Stamping Posted
Upon completion of this process are all forms seal certain types of branch
manager in a corner of the front of the forms which are "posted". They are
posted on account of opening the relevant file. The book is only issued to the
customer the next day.

How to close an account

Customer can close the account. Must submit a request to close the customer's
account. Account is locked and closure charges after deducting the balance is
paid means that the accounting file 200 and the application is filed. Books
canceled checks returned to the bank and are under the control of official
control.
Remittance Department
AKBL it with money transfer from one place to another place to transfer funds
department.
Instruments of bills in Remittance Department
Demand Draft
A bank draft is an order to pay a certain amount of money on the request of a
person to another branch of the same bank a bank branch. DD is a check and is
released when the client wants to achieve as a draft. For the preparation of a
draft, the first customer out an application form, fill to fill the following official
concerned before submitting the draft to the customer.
Telegraphic Transfer
Is a fast and safe way to move a wire transfer money. After completing the
application form from wire form in question.
Mail Transfer

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Transfer of money from the bank at any other bank or branch in / out of the bank
in a client request or when abroad, the first of which he is a request form they
say that you want to transfer money to another bank. Customers of the bank
account holder, the bank account will be debited. Office mail will fill a form to
complete the transfer. Three forms used for this purpose ar e listed below:
 Debit voucher
 Credit voucher
 Mail transfer register
Pay Order
This is a check drawn by a bank itself. A device there are three parties involved
pay order buyers, banks and receivers. It can be purchased from any client.
Pay Slip
It is a tool used by the bank for payment. The staff is a mistake to continue their
bills and invoices. Are transferred invoice payment slips. In this case, going to a
bank involved and as that payer.
• To continue to pay slips and payment follow with the exceptions specified way
P.O.
• pay slips are issued by banks to solve for themselves the
• There is no excise duty is applicable to PostScript
Outward Bills for Collection
When the city sent their local banks to clean up their city on the foreign bills for
collection. Are entered in the register during O.B.C number is written on the
ticket. O.B.C forwarding schedules are developed for different branches. Check
the relevant schedule is attached. I.B.C.A appropriate together with the clearing
banks in exchange O.B.S (inter-branch credit advice). At the end of the day, I
made the voucher.
Inward bills for Collection
The bill called for the bill received from other banks to clean out the local town.
O.B.C. Other branches will be a branch of I.B.C. There is a schedule O.B.C
forwarding mail received. I.B.C I.B.Careallotted access control data to
register.The. After the performance, sent up a I.BC.A branch.
Credit Department

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Commercial bank loans and interest charged to income as a result of the waiver.
The balance of the consumer at low rates of interest is advanced to a high rate of
attention and interest towards surplus. Financial system will deal with finance
and insurance guarantees.
Types of Advances offered by AKBL
AKBL credit department deals with all the progress that has been made for the
customer. This is because the interest on the borrowed money for advances, the
banking business. AKBL is also very active in helping the country's economy in
advancing the development of credit to customers.
It provides financial assistance for the following:
Demand Finance
Demand is allowed against a finance long -term loans and fixed assets. It can
also be a short period. Usually traders benefit from this facility for the purchase
of machinery and other equipment.
Running Finance
This trade finance is a type of insurance which meets the requirements of the
day. The money is transferred into the borrower's account and can be reserved by
check. The maximum term for insurance are limitations on this type 35000 and
type of finance is one year and can be rehabilitated with a new request.
Level of Landing
The structure for lending in AKBL has four levels:
 Branch credit committee
 Credit committee at head office
 Executive committee
 Board
Financial Products of AKBL
These are products of AKBL:
Personal Finance
A parameter for catering to the needs of different segments of personal finance -
driven products. A personal finance can take advantage of unlimited opportunity
Military Bank. The amount of loans, the unique properties of Finance in terms of

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payment periods and more affordable monthly installments, it is believed that
personal finance Askari Bank gets most of his / her credit. Once set up a good
credit history is likely opens the door wider.
Askari Mortgage Finance
It's like a house mortgage finance military, while in the rental price offers for
the facility. Episode aircraft is carefully designed to fit the budget and
accommodation needs. The company employs its first corporate purchase /
construction / home renovation is designed to enhance financing for renovation.
The maximum amount of funds is 10 million, with a repayment period of 20
years.
Business Finance
The national objectives to review the country's economy. AKBL offer loans to
small and medium-sized business finance scheme Askari Bank.
Askaricar(car finance)
AKBL scheme also offers the most convenient and affordable financing vehicle
for their valued customers a chance to own a brand new car of their choice of
which brand. Car insurance rates and minimum down payment with a wide range
of makes and models available. Ask machine offers excellent value for our
esteemed customers.
Askari Card
Ask the card means freedom, comfort, convenience and security so you can get
the retail trade with complete peace of mind. , ASK car d is your new shopping
companion that enhances the quality of life by letting you purchase, withdrawal
through even pay the food, utility bills, funds in the restaurant and at any time
ATMs and money.
Travelers Cheque
Passengers increased by making the val ue-added products and to introduce their
range of services rupees (RTC) checks launched in March 2002.
Cash Department
The system checks the basic functions or any customer from their account via
other devices for receipts and payments. All those transacti ons are kept cash
counters cash under section based on lies.
Cash system is mainly the following areas:

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Receipts
The money comes or that banks must keep its data. All customers of the bank
deposits are controlled by ledger. Each client's book of the accoun t and the card.
Payments
This has resulted in a banker's agreement to pay the money he received for his
usual control of client accounts.
Types of cheques
Bearer checks
Pioneers are cashable checks at bank counters. This treatment can be collected
by sanitation.
Order cheques
These types of controls are cashable on the counter, but they will meet the right
person holder banker to collect pay checks and they have to show your ID. It can
also be collected through cleaning.
Payment of cheques
Deposit from the customer's bank payment is one of the root functionsof. Banks
pay depositors and the acid test for them is money etc. This is a function that
identifies and distinguishes it from other institutions that pay the banker the
public. However, payment of legal protection Banker 'time' is only when.
Payment Due consistent with the means of paying access device mandate
circumstances, I believe any person in good faith and in its possession without
negligence is not entitled to for which they can not afford a reaso nable basis of
course have to pay the amounts mentioned.
Calculation of ending Cash Balance
The official time for receiving deposits and payments till 5 pm. However some
important customers are accommodated afterward.
 The cash in hand is counted. It contai ns the cash at the counter and
cash in the store room.
 The opening balance is taken i.e. ending balance of the previous day.
 The receipts are added.
 The payments are deducted.
 The daily cash position is written down on daily cash position book.

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Liquidity Maintenance
AKBL to retain 35% of bank liquidity. Each chapter 5% of its deposits in local
banks. It is held in the form of securities approved by 30%. For example, foreign
investment bills and Treasury bills.
Clearing Department
There is no legal obligation for the banker to collect checks drawn on other
banks for a client. Cleaning department enables the clearing house control and
other tools to solve each other. Askari is a member of the clearing house and the
central bank to commercial banks safe and ef fective method of control is a
dangerous tool the reciprocals offset against other claims to take only the
amount of their net property. However, it is a feature of nearly every modern
collection bank checks and invoices received by consumers. Cleaning ser vices
portfolios are provided to make arrangements to collect economic control, DD
and the other negotiable instrument. A large part of this work is done by the
Clearing House. The meeting was held at the bank's office to perform the duties
of cleaning the house. A summary has been prepared that shows the total number
of sheets in the name of the bank, sent out and received by them. All checks are
made by tomorrow or offered for each bank. Then the bank received a net
amount, or pay his own net.
Intercity
Section intercity checks are willing to AKBL-BB and control treatment if the
bank account of the amount of the check and bank seal clearing bank transfer
balance, the inter-bank corner straight into the cities NIFT other banks are. NIFT
takes money. 150. Bank commissioned Rs. 250 check.
Local
By charging its customers for free means of local cleaning and clearing bank
does not pay for it. It can be said that it is free to consumers.
Clearing is of
two Types

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.

Inward Clearing
Internal cleaning means checks issued by other banks IBB ABL. Open branch is
the branch while online.
Outward
In cleaning out the checks I saw how developed by other banks in the city of IBB
ABL.
OBC (Outward Bank Collection)
Service Charges
NIFT performs all intercity services between local removal. Clean the return and
report money charged by the ratio. 150.
• Report back reports NIFT checks clear the bank to other banks if it is not
means.
• Cleaning the checks are reported regardless controls to which other banks Ban k
report NIFT special meaning.
Stamps
Two types of stamps are posted on cheques at the time of clearing. Those two
stamps are:
 Crossing stamp
 Clearing stamps
Accounts Department
This is one of the most important departments in AKBL. Daily banking
transactions, that day is now recorded on the computer to get a summary of all
transactions of this department function. Arranged credit vouchers and debit
cards and stored for record purposes. that we, customer service, confirmed the

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department when the account op ening forms from the department completing this
form or not. Complete then send a letter of thanks to the customer service
department did not return home account holder. This report counts all the bank
debits and credits. Accounts department functions as f ollows:
• Days of the bank's position in preparation
• Control of banks' daily activities
• maintenance of books of accounts of the central office
• salary supply and staff cost
• Bank adjusted stationery
• trade and external audit guidelines state banks t o deal with the collapse of
Pakistan
• Pre-control audit all banking transactions
Account department responsible to manage the following transfer entries:
Local Transfer
Local transfer is the transfer of funds from one account to other within branch.
Day to day expense include
 Office stationery
 Repair and maintenance
 Office equipment
 Advertising expense
 Electricity bills
 Gardner salary
 Telephone salary
Postage expense include
 OCS
 TCS
 DHL
When all these expenses are occurred account department present these through
expense vouchers.
Supervisor
Sir Awais Chishti head is responsible for all operations and Rechecks monitor all
activities of the Department of Surgery Department. They understand any errors

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in any activity, he turned to gaps in the section concerne d and monitoring the
end.
Foreign Exchange Department
Askari commercial Bank provides foreign currency through the foreign exchange
department. Foreign Exchange Department City Branch Air distinguished as a
kind of base, trade and payment of foreign draft the application and rooms
branch many other branches in other negotiable instruments for presentation in
all branches they offer only the best services to banks and other interbank
obligations to clean up. In this way, the bank checks drawn by other users. The
interbank claims to the bank's 14 branches and bank accounts held cleaning
facility whose services are projected schedule. It is easy for member banks to
adjust their claims against each other in the books of banks. To accept deposits,
granting the export of foreign currency travelers checks, foreign currency,
foreign exchange services, including bearer certificates to provide services of
foreign currency remittances.
Advance Department
We have a company that is known as the bank's profit to the shares credit control
advances directly to the management office. This additional balance customers at
lower rates of interest and develop a higher rate of interest to individuals and
business firms. Credit extensions, because the most important activity of all
financial institutions is the main source of income. But at the same time it is a
very dangerous and the risk can not be completely eliminated, but can be very
minimal with certain techniques.
Procedure of Advances
The steps of the benefits of Approval:
• is the first application of trade
• After filling the reservoir confirmed the party's signature on the application
and they have accounts.
• The proposal advances such as their name, business, the more progress they
need regarding the account party since it took that includes all the data? The
securities? Etc.
• If the proposal is justified proposal and request to make to cancel the proposed
action otherwise granted approval H.O H.O advances forward.

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• Approval H.O the first set several conditions.
Credit Worthiness
Below are the five pillars of the borrower's credit management to determine the
credit worthiness;
Character
In all aspects of the borrower is likely to be selected as a good citizen.
Regarding the role of the banker's opinion can be decided bas ed on the following
sources of information:
• The ability to show past credit history and willingness to pay
• Character format other reference customers
• Reputation market
Capacity
The borrower's ability to pay its obligations is of utmost importance for a
banker. The following are three sources of credit payment:
Capital
The volume of business assets is the owner or co -shareholders in the form of
limited companies? What these entrepreneurs the ability to meet emergency
disadvantages?

Collateral
By taking debt securities, or maybe the third. Usually the borrower securities or
the "core" collateral underlying securities securities In addition, if offered by the
borrower that is said by third parties that its finances to the .
Condition
Terms and conditions must be properly assessed before allowing any finance and
especially in case where the transactions involve more than one country like
opening of letter of credits or issuance of letter of guarantees.
Main Features
 Issued to ACBL/ non ACBL customers (NIC card holders)
 Minimum issuance limit Rs. 500/.
 100% customer acceptance
 Card can be reloaded any time

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  Transfer of money from one card to another card
 Payment of utility bills through ATM and internet
 Instant access to money 24 hours a day 7 days a week
 Easy cash with drawl through ACBL ATMs carrying 1 link Oryx leasing
network symbol
 Fast, private, safe and secure option for cash transfers
 Replacement of card in case of loss, theft and damaged or detective card

SWOT Analysis of AKBL

Strengths

 AKBL first privatization Bank of Pakistan and is due to its quality management,
marketing innovation in the financial markets, products and services.
 AKBL has established a good reputation in the banking market.
 Banking procedures, requirements and SROs SBP regulatory oversight of
international banking needs, as well as adhere strictly to the requirements of specific
policies.
 AKBL is a strong and positive image in the customer's mind to its attractive product.
 Focus on customer service and customization.
 Flexibility with changing environments.
 Change the induction of qualified professionals usually set up.
 AKBL a very stable deposits.
 AKBL almost 1,000 branches, the largest private bank in Pakistan with covering
almost every part of Pakistan.
 Banks have a competitive advantage over other banks in Pakistan.
 Competitive AKBL bank profits have captured the majority of potential customers in
Pakistan.
 OGDCL, PTCL, EFU, PTC, etc. There are large organizations such as accounts
AKBL
 AKBL consistent and market-oriented.
 AKBL invest large amounts of human resources development and training.
 Customer default rate is low compared with other banks.
 AKBL largest ATM network in the country.

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  Smart card Express Pay, Mobile Banking, dealing with the latest technology
challenges by introducing more
 Established on a sound basis. Recently, they purchase the software Oracle for their
systems of banking, representatives in order to come into line with those of other
banks met and internationally with Oracle Asia such change their environment.
 TFC established import and export center AKBL, while one of the main subsidiaries
of the wide load no other bank has done so far.

 Keeping a strong acceleration to win , is expected to result in increased value for

investors.
 Best Bank in Pakistan, the Pakistan Ø Euromoney Best Bank award for the accolade
of the best bands in the interior of Pakistan.
 Management Restructuring translate into a better bottom line for the wide front. It
consists of induction of professionals in strategic business areas, shedding excess staff
and closing minimize potential damage to its subsidiary. Since 1996, closed around
350 branches and about 4600 had been the golden handshake staff.

Weaknesses

Most people are not aware of products AKBL.

For this reason it is especially important to widely publicize the RTC and MasterCard.

Behavior Bank has stated that good looking, rich, educated and seemed to try to feel a little
strange to feel peaceful with poor consumer bank environment. Bank employees should try to
accommodate all kinds of consumer behavior.

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 AKBL special skills due to the rotation policy of the work of the Department of Human
Resources. Banks should focus on increasing its capabilities on the basis of individual
services.

Ttime a big mistake in my AKBL branches, bank official closing time of 17:30 and the
common but poorly managed due to the allocation of staff until 7:00 or 8: 00 hours of work in
their countries.

Development process is a bit slow due to the conservative approach.

Prefer to be a leader and a follower of others would prefer.

Slow improvement and acceptance of technological change.

Accumulation of deposits in their mobilization and less stressed.

Decision-making process is very slow.

There is no greater. Branches abroad.

ATM network is the largest in Pakistan, there is still some potential areas ATM.

RTC is only available in Pakistan.

Positrons are some important management professionals.

While most of the branches are now computerized, is still in need of some major branches
of computers.

Encourage low levels of motivation, non-aggressive marketing.

To mistreated due to employee dissatisfaction and inadequate reward system.

Favoritism and nepotism in recruitment.

Inadequate interest rates.

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Opportunities
 Whether the possible opportunities and credit division was adopted, liberal policies.
 AKBL the RTCs through effective incentives and liberal policies, can capture greater
market share for remittances and foreign exchange section.
 If they can freely perform their duties is appropriate qualified professionals to join the
scene and changed the bank's position.
 Improve customer services adopting information technology.
 A deposit mobilization is possible through innovative financing for agro-based sector.
 Leasing sector is two to three years, with the opportunity to AKBL to proceed in this
area is growing in Pakistan.
 Consumer finance was a way to capture more customers supplied with relatively low
rates of
 Financing small enterprises / medium Villa certainly well will enhance its growth and
profitability.
 Based trading may increase the bank's Islamic banking business.
 Targeting of Hundi / Hawalla through networking and IT potential of AKBL.
 Profitability is expected to strengthen despite decline in interest rate. The drop in
interest rates is expected to spur the private sector credit growth in an effort to kick-
start the dormant economy serving as impetus for productivity activity in economy;
which is likely to compensate for lower interest margins that result from less than
proportionate drop in deposit rates.
 Banking sector fundamentals improving; on the back of economic stabilization,
improved monetary and foreign exchange reserves management by the central bank
and drive against loan defaulters.
 AKBL with its large branch network and huge diversified clientele is placed to benefit
from lower NPLs, a new dynamic and cost conscious management, and greater credit
demand on the back of government’s conscious initiative towards a deflationary
monetary policy.
 AKBL to show growth in value creation.
 More Focus on consumer banking activities.
Threats

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 Changes in government policy affecting the banking business. Banks have to wait to
get the still state. Is a prime example of the foreign currency accounts in the banks do
not believe freezing.
 Otherwise they will be out on the market.
 Employees can affect performance if not managed properly authorized unions.
 Business momentum and result in less investment for new projects by investors from
affecting the country's lack of purchasing power in the present economic situation,
because it is hard to trade can cause problems for the bank.
 The reserves due to the absence of such adverse effects department to mobilize AKBL
introduction to marketing credit by foreign banks and foreign companies.
 There is a risk for other private commercial banks instance AKBL UBL, al-Falah,
HBL with sound profitability, etc.
 For the past several years, Pakistan faces economic and political instability, which is a
great threat.
 Afghan war and Iraq war has a deep effect on the economy of Pakistan, which may
affect AKBL
 Foreign banks are flourishing in field of consumer financing.

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