INTERNSHIP REPORT ON

ALLIED BANK LIMITED

SAIDPUR ROAD BRANCH
ISLAMABAD (0341)

Submitted by: Malik Qasim

Roll#: 859

Supervised by: Abdul Waheed

Government College of Management Sciences Abbottabad

SESSION
2013-2015

INTERNSHIP REPORT ON
ALLIED BANK LIMITED
SAIDPUR ROAD BRANCH
ISLAMABAD (0341)

Submitted by: Malik Qasim

Roll#: 859

Supervised by: Abdul Waheed

This internship report is submitted in partial fulfillment of the

requirements for the degree of Master of Commerce awarded by
the Hazara University, Mansehra

Government College of Management Sciences Abbottabad

SESSION
2013-2015

Government College of Management Sciences

Abbottabad

Approval sheet

Approval Committee

1.

External Examiner

_______________________________

2.

Supervisor

Abdul Waheed
Lecturer Commerce

3.

Signature

Signature

Head of Department

Mr. Mushtaq Ahmed

(Principal)

Signature

DEDICATION

Dedicated to my Respected Parents, Honorable

Teachers
& All Friends
Whose love, prayers and
Magnanimous supports have a great contribution
in my carrier development.
Allah Bless them All...

PREFACE

This Report is specially meant for the student of MBA (Final). It is concerned to a
brief study of the operation, Function, tasks and services of Allied Bank of Pakistan.
Banking play very important role in the commerce and economic development of a country.
Now-a-days banks are using different modern technologies, which influence the managerial
activities, thats why I decided to do my internship Training in the bank.
In preparation of this Report is have tried my best to provide all Possible information about
the operation, function and tasks of ABL in brief and comprehensive form. It also includes a
brief department worked during internship. I have also tried my best to use simple and easy
words and language.
Then internship report ends with some recommendation after identification of some problems
observed during the course of internship.

TABLE OF CONTENTS:

CHAPTER# 1
INTRODUCTION TO REPORT

01

1.1 BACKGROUND OF THE STUDY

01

1.2 PURPOSE OF THE STUDY.

01

1.3 NATURE OF THE STUDY.

02

1.4 SCOPE OF THE STUDY.

02

1.5 METHODOLOGY OF RESEARCH.

03

1.6 LIMITATIONS

04

1.7SCHEME OF THE REPORT.

05

CHAPTER# 2
INTRODUCTION TO THE ORGANIZATION

06

2.1 VISION.

06

2.2 MISSOIN

06

2.3 VALUES

06

2.4. MEANING OF BANK.

06

2.5 MEANING OF BANKING.

07

2.6 HISTORY of ABL.

07

2.8 MAIN OBJECTIVE

11

2.9 OPERATIONAL DIVISION.

12

2.10 MANAGEMENT HIERARCHY.

12

CHAPTER# 3
INTRODUCTION TO THE DEPARTEMENT

23

3.1 ABL BRANCH

23

3.2 CURRENT SAVING DEPARTMENT

23

3.3 ACCOUNT DEPARTMENT.

24

3.4 ADVANCES DEPARTMENT.

28

3.5 REMITTANCES DEPARTMENT.

31

CHAPTER# 4
ONLINE BANKING & AUTOMATED TELLER MACHINE.

36

4.1 ONLINE BANKING.

36

4.2 AUTOMATED TELLER MACHINE.

39

4.3 HOW ATM WORKS.

42

4.4 TECHNICAL METHODS That AFFECT THE INDUSTRY.

47

CHAPTER# 5
SWOT ANALYSIS

50

CHAPTER# 6
FINDING AND RECOMMENDATIONS

54

CHAPTER# 7
CONCLUSION AND RECOMMENDATIONS

60

REFERENCES

63

ACKNOWLEDGEMENT

All praise to Almighty Allah, the most merciful and compassionate, who give me skills and
abilities to complete this report successfully
I am grateful to my parents who are always been a source of encouragement for me
throughout my life and from start to the end of this report
I am thankful to all my staff members so Allied Bank of Pakistan Limited branch Islamabad
I found every one very co-operative and helpful for providing me the theoretical as well as
practical knowledge about the function and operation of the bank.

I express my greatest gratitude to my kindhearted Supervisor Abdul Waheed who was the
Person who made me able to write this report, His enthusiasm shows the way forward to me
to achieve this success and who kept me in high spirit through his appreciation. He helped me
a lot each time I went up to him.

Malik Qasim

LIST OF ABBREVIATIONS

ABL

Allied Bank Limited

IDBP

Industrial Development Bank of Pakistan

SBP

State Bank of Pakistan

MNCs

Multi-National Companies

ADBP

Agricultural Development Bank of Pakistan

L/C

Letter of Credit

L/G

Letter of Guarantee

ATM

Auto Teller Machine

APD

Assets Product Division

IPD

Investment Product Division

IT

Information Technology

BTF

Balance Transferred Facility

NIT

National Investment Trust

FC

Foreign Currency

PLS

Profit & Loss Sharing

HRM

Human Resource Management

SBU

Strategic business unit

NDFC

National Development Finance Corporation

RTCs

Rupee Travelers Cheques

AIGP

American International Group Pakistan

MT

Mail Transfer

ETD

Electronic Technology Department

MIS

Management Information System

FDD

Foreign Demand Draft

FS

Financial Statement

ETD

Electronic Technology Department

EXECUTIVE SUMMERY

Allied Bank was Established in December 1942 as the Australasia Bank at Lahore with a
paid-up share capital of PKR 0.12 million under the Chairmanship of Khawaja Bashir Bux,
and his business associates, including Abdul Rahman Malik who was amongst the original
Board of Directors, the bank had attracted deposits, equivalent to PKR 0.431 million in its
first eighteen months of business. Total assets then amounted to PKR 0.572 million. Today
Allied Bank's paid up Capital & Reserves amount to Rs. 10.5 billion, deposit exceeded Rs.
143 billion and total assets equal Rs. 170 billion. The Allied Bank's story is one of dedication,
commitment to professionalism, adaptation to changing environmental challenges resulting
into all round growth and stability, envied and aspired by many.
In the early 1940s the Muslim community was beginning to realize the need for the
active participation in the field of trade and industry. The Hindus had since the late 1880s
established a commanding presence in these areas and industry, trade and commerce in the
undivided Sub-continent was completely dominated by them. Banking, in particular, was an
exclusive enclave of the Hindus and it was widely believed, and wrongly so, that Muslims
were temperamentally unsuited for this profession.
Today, with its existence of over 60 years, the Bank has built itself a foundation with a
strong equity, assets and deposit base. It offers universal banking services, while placing
major emphasis on retail banking. The Bank also has the largest network of over 700 online
branches in Pakistan and offers various technology-based products and services to its diverse
clientele.