Executive Summary: Multan) - Head Office of MCB Is Situated at Karachi. at
Executive Summary: Multan) - Head Office of MCB Is Situated at Karachi. at
Executive Summary: Multan) - Head Office of MCB Is Situated at Karachi. at
EXECUTIVE SUMMARY
According to our internship program, I completed my
counter.
them.
were the earlier bank notes. Thus the second stage in the
given period of time and they also found that most of the
money deposited with them was lying idle. They also found
with them.
rest.
financial markets.
Or
HISTORY OF MCB
Muslim Commercial Bank Ltd. was established on July 9,
commercial banks.
Mission
Our Vision
OBJECTIVE OF MCB
1- Saving Mobilization.
countries.
transactions in money.
PERFORMANCE AFTER
PRIVATIZATION
The following successes were achieved by MCB since 1991:
can be seen during the last six years since the banks
160000
140000
120000
100000 1991
80000
60000 2000
40000 cc
20000
0
its
ty
ts
rts
rts
es
en
ui
os
po
po
nc
Eq
m
ep
va
Ex
Im
st
D
Ad
ve
In
BRANCHES OF MCB
were under it. As time and years passed by, the bank has
follows:-
BALUCHISTAN 1 2
40
244
PUNJAB 6 7
748
SINDH 10 12
282
___________________________________________________________________
DOMESTIC 22
1214
FOREIGN BRANCHES
______________________________________________________
TOTAL 22 30
1221
ORGANIZATIONAL
STRUCTURE
Chief
Manager
Cash section.
Remittances section.
Clearing section.
1) Cash Section
a) Receipts or Deposits
b) Payments or Withdrawals
2) Remittance section
a. Inward remittances
b. Outward remittances
are:
cities.
cash, the name of the depositor and the date of the amount
a. Demand Deposits
These are deposits, which can be withdrawn at any one
1) Current Accounts
this case, the bank acts only as the custodian of money. The
2) Saving account
than Rs.500.
Account.
MCB offers a profit rate calculated on daily basis for this type
pay the profit for that particular month in which the deposits
b. Term/Time Deposits
Per Annum.
7 to 29 days
5.8%
Over 30 days
6.7%
For 1 month
9.2%
For 2 months
10%
For 3 months
10.25%
For 6 months
10.8%
11.3%
12.3%
13.3%
14.2%
14.6%
The five year and above deposits are of two types namely:
for five years and every six months the profit is calculated
years period.
OPENING OF AN
ACCOUNT
Requirements for Opening of New Account;
Partnership
♦ Partnership Deed
Sole proprietorship
Companies
♦ Certificate of Incorporation
payments to account
CLOSING OF ACCOUNT
SPECIALIZED PRODUCTS
Pakistan.
Pakistan.
per card.
locations in the world than any other card. The card was
countries.
Worldwide.
branches in Pakistan.
duplicated.
4) Clearing section
bank.
Karachi, etc.
Lahore, etc.
a. Clearing.
b. Transfer delivery
bank.
collection.
Foreign Exchange
Department
The foreign exchange department deals with daily
withholding tax.
Mark
tax exempted.
deposit value
Credit/Advance/Loan
Department
main types.
2- Demand Finance
3- Cash Finance
against the goods. The goods are pledged with the bank.
4- Staff Finance
provided to clerical staff. The officers can also apply for this
loan.
1- Letters of Credit
2- Guarantees
deposit guarantees.
1- Performance Guarantees
2- Bid Bonds
for tenders.
payment.
3- Shipping Guarantees
4- Mobilization Guarantees
Banking Terminologies
1- Transaction Period
2- Grace Period
allowed.
3- Cushion Period
MCB INTERNATIONAL
The International Division provides one of the fastest
arrangements.
• Speed Cash
available.
• Home Remittance
• Drawing Arrangements
SWOT Analysis
STRENGTHS
MCB credit cards are used all over the world as well
as in Pakistan.
WEAKNESSES
missing them.
only.
OPPORTUNITIES
policies.
THREATS
Suggestions and
Recommendation
Upon the completion of my internship program with
Conclusion
MCB should continue with the same spirit to serve the
Pakistani citizens in the country and all over the world. The
banks. MCB has tried to provide the best services and safety