EXECUTIVE SUMMARY
Banking is one of the most important sector in any countries economy. The role-played by banks in strengthening a countries outlook for investors is in one way aided by the banks. The report that I have compiled starts of by giving a brief history of the bank and an introduction about the operations of the bank and its financial viability. A little information about the SAUDI PAK Leasing company is given in the beginning as well.
Company’s management structure has been described as well. All the relevant people’ name have been given as well. Further more in the next chapters I have tried to tell about the general economic conditions of the country and its implications on the bank. A little bit has been told about the operations of the bank. Information about the existing branch network and future outlook for the bank and the financial viability of the bank has been highlighted as well.
An in-depth analysis of the companies’ ethics and business practices has been given. It has been explicitly states that what the management requires of its staff and what it hopes to provide to its customers and shareholders.
In the end I have stated the external and internal opportunities and threats that the bank might face. In the last I have given my suggestions and recommendations which I hope will be of advantage to the bank in general and in specific for the branch where I worked
CHAPTER NO 1
Introduction of Saudi Pak Bank
Saudi Pak Bank is the vision of a group of Pakistani professionals with extensive domestic and international banking and finance experience. They teamed up in 1992 with a select group of successful and like-minded business houses in Pakistan and overseas. Some of the foreign investors belong to a highly regarded, very sizeable and well diversified business group of Saudi Arabia. During the initial years, Saudi Pak Bank’s strategy was focused on continuing improvement of internal procedures and operating structures, to ensure a greater control over the quality of its operations.
Commercial Banking activities were initiated at the time of inception in 1992. During 1993, two more business divisions i.e. Corporate Banking and Financial Services were added. By 1996, Saudi Pak Bank’s countrywide network of Branches was in place and Consumer Banking activities were accordingly launched. Under the Bank’s on going branch expansion program many new branches have been added during the years 2001 and 2002 while one more branch will open in December 2003. This would raise the total number of branches to thirty two focusing primarily on the middle market commercial banking segment while blending in the fast growing consumer banking market.
After ten years of well controlled, yet sure and successful operations, the Bank is now positioned to move forward rapidly to be at the cutting edge of financial services combining highly efficient delivery systems with continuous product innovation. Therefore, development of superior Human Skills and the latest Information Technology platform are the cornerstones of Saudi Pak Bank’s overall strategy to be in the exclusive club of winning banks of the future.
Saudi Pak Industrial and Agricultural investment Company (Private) Limited :
The company is a joint venture of the Government of Pakistan and the Kingdom of Saudi Arabia. The paid up capital of the company, which initially stood at Rs. 1,000 million has since been increased to Rs. 2,000 million. The equity of the joint venture is held by the two governments in equal proportion. The product range of the company is well diversified and comprises of Project Financing, Short Term Working Capital Loans,Equity Investments, Terms Finance Certificates (TFCs), Lease Financing, Underwriting of Public Issues, Guarantees and Money Market Operations. The company has been successful in maintaining the momentum of steady growth. Since its inception, the company has provided total financing of over Rs. 14billion to its customers and underwritten the public issue of shares and Term Finance Certificates amounted to over Rupees one billion. The total assets of the company amounted Rs. 10 billion as on December 31, 2002 and shareholders equity amounting to Rs. 3.2 billion.
The Head Office of the company is located in Saudi Pak Tower, Islamabad. The company has also a branch office in Karachi. The company has been awarded long ter entity rating of AA+(Double A pluc) and short term entity rating of A1+(A one plus) by JCR-VIS Credit Rating Company Limited.
The Board of Directors of the company comprises of three nominees each of the Government of Pakistan and Kingdom of Saudi Arabia. The Chairman of the Board of the company is Dr. Abdullah T. Al-Thenayan, who is also Director General of Arab Companu for Livestock Development (ACOLID). ACOLID has offices and subsidiaries in several countries in the Middle East.
An important strategic investment of Saudi Pak Industrial and Agricultural investment Company (Pvt) Limited is in the form of a building known as Saudi Pak Tower. It is a twenty storey high rise building in Islamabad. Saudi Pak commercial office building in the country which has been awarded ISO-9002/2000 Certification. A major portion of the building has been leased out. Recently, a Business Centre has been established in the Tower which is equipped with latest state of the art facilities.
Dear user get complete report (in soft copy) only in Rs 1000. Just email me at
vuaccess@gmail.com.
and get soft copy or call +923364220477
Banking is one of the most important sector in any countries economy. The role-played by banks in strengthening a countries outlook for investors is in one way aided by the banks. The report that I have compiled starts of by giving a brief history of the bank and an introduction about the operations of the bank and its financial viability. A little information about the SAUDI PAK Leasing company is given in the beginning as well.
Company’s management structure has been described as well. All the relevant people’ name have been given as well. Further more in the next chapters I have tried to tell about the general economic conditions of the country and its implications on the bank. A little bit has been told about the operations of the bank. Information about the existing branch network and future outlook for the bank and the financial viability of the bank has been highlighted as well.
An in-depth analysis of the companies’ ethics and business practices has been given. It has been explicitly states that what the management requires of its staff and what it hopes to provide to its customers and shareholders.
In the end I have stated the external and internal opportunities and threats that the bank might face. In the last I have given my suggestions and recommendations which I hope will be of advantage to the bank in general and in specific for the branch where I worked
CHAPTER NO 1
Introduction of Saudi Pak Bank
Saudi Pak Bank is the vision of a group of Pakistani professionals with extensive domestic and international banking and finance experience. They teamed up in 1992 with a select group of successful and like-minded business houses in Pakistan and overseas. Some of the foreign investors belong to a highly regarded, very sizeable and well diversified business group of Saudi Arabia. During the initial years, Saudi Pak Bank’s strategy was focused on continuing improvement of internal procedures and operating structures, to ensure a greater control over the quality of its operations.
Commercial Banking activities were initiated at the time of inception in 1992. During 1993, two more business divisions i.e. Corporate Banking and Financial Services were added. By 1996, Saudi Pak Bank’s countrywide network of Branches was in place and Consumer Banking activities were accordingly launched. Under the Bank’s on going branch expansion program many new branches have been added during the years 2001 and 2002 while one more branch will open in December 2003. This would raise the total number of branches to thirty two focusing primarily on the middle market commercial banking segment while blending in the fast growing consumer banking market.
After ten years of well controlled, yet sure and successful operations, the Bank is now positioned to move forward rapidly to be at the cutting edge of financial services combining highly efficient delivery systems with continuous product innovation. Therefore, development of superior Human Skills and the latest Information Technology platform are the cornerstones of Saudi Pak Bank’s overall strategy to be in the exclusive club of winning banks of the future.
Saudi Pak Industrial and Agricultural investment Company (Private) Limited :
The company is a joint venture of the Government of Pakistan and the Kingdom of Saudi Arabia. The paid up capital of the company, which initially stood at Rs. 1,000 million has since been increased to Rs. 2,000 million. The equity of the joint venture is held by the two governments in equal proportion. The product range of the company is well diversified and comprises of Project Financing, Short Term Working Capital Loans,Equity Investments, Terms Finance Certificates (TFCs), Lease Financing, Underwriting of Public Issues, Guarantees and Money Market Operations. The company has been successful in maintaining the momentum of steady growth. Since its inception, the company has provided total financing of over Rs. 14billion to its customers and underwritten the public issue of shares and Term Finance Certificates amounted to over Rupees one billion. The total assets of the company amounted Rs. 10 billion as on December 31, 2002 and shareholders equity amounting to Rs. 3.2 billion.
The Head Office of the company is located in Saudi Pak Tower, Islamabad. The company has also a branch office in Karachi. The company has been awarded long ter entity rating of AA+(Double A pluc) and short term entity rating of A1+(A one plus) by JCR-VIS Credit Rating Company Limited.
The Board of Directors of the company comprises of three nominees each of the Government of Pakistan and Kingdom of Saudi Arabia. The Chairman of the Board of the company is Dr. Abdullah T. Al-Thenayan, who is also Director General of Arab Companu for Livestock Development (ACOLID). ACOLID has offices and subsidiaries in several countries in the Middle East.
An important strategic investment of Saudi Pak Industrial and Agricultural investment Company (Pvt) Limited is in the form of a building known as Saudi Pak Tower. It is a twenty storey high rise building in Islamabad. Saudi Pak commercial office building in the country which has been awarded ISO-9002/2000 Certification. A major portion of the building has been leased out. Recently, a Business Centre has been established in the Tower which is equipped with latest state of the art facilities.
Dear user get complete report (in soft copy) only in Rs 1000. Just email me at
vuaccess@gmail.com.
and get soft copy or call +923364220477
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