Internship Report on MCB Year 2015-2016

Internship Report on Muslim Commercial Bank 2016

MCB Coffer Limited (Formerly Muslim Commercial Coffer Limited) has a solid foundation of over 50 years in Pakistan, with a arrangement of over 900 branches, over 750 of which are Automated Branches, over 222 MCB ATMs in 41 cities civic and a arrangement of over 12 banks on the MNET ATM Switch.

MCB's operations connected to be automated with focus on cause of expenses, re-alignment of back-end processing to access productivity, accessory of chump account standards, action ability and controls. The Coffer has taken the advance in introducing the savant-grade abstraction of centralizing Barter Casework in the country by accoutrement centralized adopted barter casework to branches with a appearance to advance efficiency, ability and abate commitment cost.

During my internship in MCB I formed in Remittances, Advances, Adopted Exchange and Chump Account Office administration and I auspiciously completed all the task/duties that were assigned to me.

During the advance of internship I abstruse about altered functions performed by Remittances, Advances, Adopted Exchange and Chump Account Office administration and coffer as a whole. I additionally abstruse bank’s accord with their barter and aural branches. I abstruse about affidavit requirements and almanac befitting for altered activities and processes, abnormally the affidavit claim for altered kinds of costs facilities.

Business Volume

Details	2013	2014	2015
Total Assets	443,615,904	509,223,727	567,552,613
Deposits	330,181,624	367,604,711	431,371,937
Advances-net	262,135,470	253,249,407	254,551,589
Investments-net	96,631,874	167,134,465	213,060,882
Shareholder’s Equity	52,244,865	61,075,932	488,348,404
Profit before Taxation	21,867,566	23,154,945	26,253,075
Profit after Taxation	15,374,600	15,495,297	16,873,175
Earning per Share (Rs.)	22.25	20.38	22.20

Product Line
MCB bank of Pakistan deals in all the schemes and the services of a bank in a current scenario there are many sets of financial infrastructure with which the MCB bank is leading in providing the services to its customers.

Consumer banking

The consumer portfolio, comprising the debit card, credit cards, auto loans, personal loans and mortgages will be established phase by phase. However, we are confident that our strengths, together with our largest network of online branches, a superior technology platform, a big customer base and the Consumer Personal Banking Group (CPBG), will take the Bank’s profitability to new heights.

Commercial banking 

The MCB is also doing the commercial banking and it’s leading in this department 

MCB offers retail product to its consumers. The MCB main focus to introduce the various financing and investing products to its valuable clients, and contributes the steady growth to the financial industry. The commercial and the retail banking offers the verity of asset and liability –based..

Deposit Product

Saving 365 gold

The higher you save, the higher you go. MCB Savings 365 offers you a wide range of attractive profit rates

Saving extra

Grow with MCB Savings Xtra by saving more and earning greater profit. MCB Savings Xtra offers you a wide range of attractive profit rates.

Smart dollar account

Discover a suitable solution that helps make more of your dollar savings. MCB Smart Dollar Account is a sensible way to maintain or grow your US Dollar deposit across USD Current, Savings, or Term Deposits.

Saving account

If you’re living large and don’t wish to lock your funds for lengthy periods, yet still want to reap the profits from your success, your can have the best of both world’s with an MCB Privilege Savings Account

Current account

• Low minimum balance requirements.
• Unlimited cash deposit and withdrawal facility at hundreds of branches nationwide.
• Lockers and other affordable transactional facilities.
• Network of over a thousand branches, and hundreds of online branches, at convenient locations.

Current life account

• Free comprehensive life insurance coverage.
• No joining fees on Debit/ATM Card.
• 50% discount of Debit Card Annual Fee at the time of renewal.
• Low monthly average balance requirement.
• On maintaining your Privilege relationship, all demand drafts, pay orders,    cheque books, and ATM card are entirely free of cost.

Foreign currency account

• Available in US Dollar, UK Pound Sterling, or Euro.
• Unlimited transactions at your branch.
• Free foreign currency cash deposit and withdrawal facility.
• Profit paid into your account every six months.
• Foreign Remittances facility available.

Loans

Auto loan

Life in the fast lane can be really slow without a car. MCB makes it a breeze to finance/lease your new/used car.

Features and benefits

• Option for financing or leasing
• Financing tenures from 1 to 7 years
• Option for new as well as used cars
• Option for local as well as imported cars
• Financing up to Rs.20 lacs
• Option for early payment
• Option for replacement loan
• Minimum documents required (2 photographs and CNIC copy)
• Up to 15% down payment only
• Priority delivery on different vehicles

Credit Cards

Accepted at over 24 million establishments worldwide in 210 countries including 10,000 in Pakistan displaying the Credit Cards logo, you can rest assured of real value-added benefits at home and abroad.

Visa Debit card

Pakistan’s 1st chip based debit card. It allows the customers to enjoy unmatched convenience, enhanced security and round-the-clock accessibility to their funds.

e. Dispatch department

 Dispatch department is the very important sector in the bank because all inward and outward mails in which ordinary and sensitive as well, routed or transfer to this department as the mail in the branches consists of documents covering title to goods, cheques, inter branch Dr. Cr. Advices, letter of credit in international banking apart from other routine letters. So it is important to handle dispatch carefully and make sure there is not wrong devilry

f. Clearing department

There are two type of clearing in the bank and during my internship me doing both type of the clearing.

• Inward clearing
• Outward clearing  

g. Account department

This is important department in which the account are maintained and also the voucher and the books and the all the expenses or expenditure of the bank are maintained so it is the most important department of the bank maintain all the account of the bank is the duty of this department and this department is working well.

h. Finance department

Financing department is the important department because bank finance in various ways like advancing the loan and make the profit as a excess amount in the way of interest the MCB finance in such a way giving the loan to the customer and also buy the share of the private organization also finance in the agriculture sector and the private sector as well.

Get Internship Report on Muslim Commercial Bank only in Rs 1000/- (Only serious students may send us email at vuaccess@gmail.com. The report has almost 70 pages.