INTERNSHIP REPORT ON

SONERI BANK LIMITED

ABBOTTABAD
(0079)
Submitted by: Fahad Hafeez
Roll #:F-09-69
Supervised by: Sardar Ejaz Ahmed

Government College of Management Sciences

Abbottabad
SESSION
2010-2014

INTERNSHIP REPORT ON
SONERI BANK LIMITED
ABBOTTABAD
(0079)
Submitted by: Fahad Hafeez
Roll #:F-09-69
Supervised by: Sardar Ejaz Ahmed
This internship report is submitted in partial
fulfillment of the requirements for the degree of
Bachelors of Business Administration awarded by
the Hazara University
Mansehra

Government College of Management Sciences

Abbottabad
SESSION

2010-2014
Government College of Management Sciences
Abbottabad

Approval Sheet
Approval Committee

1. External Examiner

Mr.________________________

Signature_______________

2. Supervisor

Sardar Ejaz Ahmed___________

Signature_______________

Assistant Professor

3. Head of Department

Mr.Mushtaq Ahmed_________
Principal

Signature_______________

DEDICATION
THIS EFFORT IS DEDICAATED
TO
MY SWEET PARENTS
AND
RESPICTIABLE TEACHERS
WHO ALWAYS REMIND
THE
SOURCESE OF MY GUIDANCE AND
ENCOURAGE ME.

PREFACE
Internship report is an opportunity for the students to apply theoretical knowledge and to gain
practical experience about public and private organizations and their practices and
procedures. Training plays an important part in developing the managerial skills of the
people. Every organization is in search of capable & efficient administrators, who are
properly trained. This training opportunity is provided to the students of Bachelors of
Business Administration through the internship program.
I choose to do my internship in SONERI BANK Mandian branch because of the fact
that it is a part of the most successful organizational setup in the country and have had in
recent years SONERI BANK has shown the will that it wants to stay the best bank in
Pakistan with constant innovations in its products and services, and by making use of the
emerging technologies.
Two months period is not sufficient to understand the operations of organizations. But still it
was a great experience to have a feel of the practical world and keeping in view the
limitations of the study, this seems a reasonable attempt. Internship in SONERI BANK
Mandian Branch was a true learning experience for me. I have exclusively studied and
observed the organizational structure, Remittances department and customer services.
First and foremost is the SONERI BANK Mandian Branch staff, especially the
branch manager Mr.Safdar khan,

and Mr. Atta ullah khan guided me to get practical

knowledge of different functions of the bank. Secondly, I pay heartiest thanks to my

supervisor Mr. Tahir Shah who helped me in the documentation and organization of this
report.

TABLE OF CONTENTS
CHAPTER 1
INTRODUCTION

01

1.1

Back Ground of Study

01

1.2

Purpose of Study

01

1.3

Scope of Study

01

1.4

Methodology of Study

01

1.5

IMPORTANCE OF REPORT

1.6

LIMITATIONS OF REPORT

02
02

CHAPTER 2
HISTORY OF SBL
2.1

Objectives of SBL

05

2.2

MISSION STATEMENT

05

2.3

VISION STATEMENT

05

2.4

Soneri Bank Abbottabad Branch

05

2.5

Organizational Structure

08

2.6

Management structure of Soneri bank

08

2.7

Functions of Head Office

09

2.8

Functions of the Branches

10

2.9

Branches Net Work in Pakistan

10

2.10

Zonal Divisions of Soneri Bank

12

CHAPTER 3
FINANCIAL PRODUCTS OF SBL
Financial Products of SBL

15

3.1

Soneri Car Finance

15

3.2

Soneri Ghar Finance Scheme

15

3.3

Soneri Personal Finance

16

3.4

Rupee Travelers Cheques

16

3.5

Inland and Foreign Remittances

16

3.6

Soneri ATM Service

16

3.7

Soneri Debit card

17

3.8

Lockers

17

3.9

Departments at Abbottabad Branch

18

CHAPTER 4
FINANCIAL STATEMENT ANALYSIS

31

4.1

Introduction

32

4.2

VERTICAL ANALYSIS of balance sheet

32

4.3

Vertical Analysis of Income Statement

32

4.4

HORIZONTAL ANALYSIs of balance sheet

34

4.5

horizontal analysis of income statement

35

CHAPTER 5
CONCLUSION AND RECOMMENDATIONS

51

REFERENCES

55

ACKNOWLEDGEMENT

For the completion of our report I am indebted to plenty of people for their very sincere
cooperation that they extended to me at various stages. First and foremost problem that every
student faces is the selection of a Report. I am very thankful to my supervisor Sardar Ejaz
Ahmed for helping me out in time of confusion. During our course and the execution of my
report, I had a real chance to learn from his vast experience and immense knowledge.

I am very thankful to staff members of SBL Mandian Branch that they guide and provide me
valuable information regarding my report.

Finally I am thankful to the most merciful and Almighty Allah who gives me the strength that
I fulfill my task.

Fahad Hafeez

LIST OF ABBREVIATIONS
SBL
AICPA

Soneri bank Limited

American Institute Of Certified Public Accounting

AJK

Azad Jammu And Kashmir.

ATM

Auto Teller Machine

ATR

Asset Turn Over Ratio

BOD

Board Of Directors

DD

Demand Draft

FIM

Finance Against Imported Merchandise

HBL

Habib Bank Limited

HRM

Human Recourse Management

IAS

International Accounting Standard

MT

Mail Transfer

NIC

National Identity Card Number

NIDA

National Income Daily Account

NIT

National Investment Trust

NWFP

North West Frontier Province

OG-111

Officer Grade-111

PLS

Profit And Loss Account

RHQ

Regional Head Quarter

SBP

State Bank Of Pakistan

SEVP

Senior Executive Vice President

SWOT

Strength, Weakness, Opportunity And Threats

TT

Telegram Transfer

EXECUTIVE SUMMARY
This report highlights the operations and functions of bank. Banks acts as financial agents to
their customer; in return they get reward for their services. Banks play important role in
development of society. A strong economy must have a good banking system.
SONERI BANK is one of the leading banks in Pakistan. According to international standards
of banking system it is one of the best banks in South Asian region as well as the bank, which
is, come the top ten in the world. This report explains how different functions of SONERI
BANK works and what are their services.
The report relies mainly upon secondary data with the use of primary data at instances when
the former would be unclear or difficult to comprehend. The report is mostly objective in
nature with hints of subjectivity in financial analysis. The first part of the report is about the
evolution of banks, where as the second part is about the functions and services of SONERI
BANK and in third part the financial analysis and recommendations are given.
During the critical analysis, it was observed that SONERI BANK is one of the leading
commercial banks of Pakistan with a network of around 1213 branches all over Pakistan.
SONERI BANK provides a wide variety of products and accounts that suit the lifestyle and
needs of the masses .In fact commercial banking is regarded as a Conservative business
because the rewards are modest and the penalties of bad banking are many. As a trustee of the
public funds, SONERI BANK has a greater responsibility for safety and prudence. Many
business can enjoy some slack in their affairs, commercial banks cannot afford this, since
commercial banks must make a living by putting the money at their disposal to work, they are
faced with the problem of making a living without jeopardizing the safety of their institution
and SONERI BANK is doing all this very efficiently.
The SONERI BANK is known for its customer services as well as for its products, which are
in demand.