Muslim Commercial Bank limited

Business report prepared by:

Ayesha Butt
Zaima Iftikhar
Laiba Javaid
Zainab Yousaf
Lahore College for women university
Department of Computer science

BUSINESS PROPOSAL

See
Submitted to: Mam Hira Uzair
Lahore College for women university
Muslim commercial bank limited

❖Summary:MCB (Muslim commercial bank limited) is

one of the leading banks of Pakistan incorporated in 1947.
MCB has made significant contribution in building and
strengthening both corporate and Retail banking sector in
Pakistan

❖ Introduction :- . The bank was nationalized in

1974 during the government of Zulfikar Ali Bhutto. This
was the First bank to be privatized in 1991 and the bank
was purchased by a consortium of Pakistani Corporate
groups led by Nishat Group. . The bank operates a strong
and vast Network of over 1400+ branches in Pakistan and
11 branches overseas with a footprint in UAE, Bahrain, and
Sri Lanka.

❖ Vision:-To be leading financial services provider,

partnership with our customers for more Prosperous and
secure future.
Muslim commercial bank limited

❖ Mission:-We are a team of committed

professionals, providing innovative and efficientFinancial
solutions to create long-term relationship with our
customers. In doing so, We ensure that our shareholders
can invest with confidence in us”.

❖ Compensation And Benefits in MCB:MCB

awards their employees a lucrative compensation in return
of their tough mental Labor. Apart from. Basic salary they
are offered many other benefits like:
▪ Life Insurance
▪ Disability Insurance
▪ Medical Allowances
▪ Pension plans
▪ Severance pay
▪ Conveyance Allowance
▪ Sound working Environment
▪ Training and development
▪ Job security
▪ Pick and drop facility
▪ Flexible Work Arrangements
Muslim commercial bank limited

❖ Performance Management :Organizationas

like MCB that have a well – structured performance
appraisals prices, results in clear communication, greater
transparency, and uniform performance evaluation
standards. It also ensures greater success for an employee
as well as the entire organization
❖ Payroll & compensation :
Harmony HCM platform handles the entire workforce’s
payroll and compensation while Incorporating every article of
salary disbursement. Harmony process the salary for
thousands of Employees in just a few minutes.
• Standard salary
• Policy based payments and dedications
• Incentives
• Loans installment and markup
• Employee funds contribution
• Expenses
• Taxation
• Areas calculation
• Salary increments
• Bank advices and direct bank transfers
• Payroll reporting and reconciliation .

CONCLUSION :MCB bank is well managed organizational

structure and efficient employees due to its growth. I Have concluded
that MCB is fully devoted, motivated, and aimed to do exactly what is
mentioned In its mission statement. It has capability to face challenge of
presents self motivated world. MCB Is making progress by leap and
bonds. MCB aim is to make long-rum relationship with customers. No
Doubt MCB bank is trying to give its best effort to develop the
organization that customer Wants to be comfortably by the product and
services provided by the bank. Customers are facing Main problem high
markup rate to customers as well as adopt discount policy. This HR
department of MCB has climed its way up very quickly and all that only
because of the Employee’s effort and consideration for each other.
Overall working and environment of HR office is very confortable, and
the staff is very helpful And respectful of each other, and it still
maintains a professional environment. Management of this Office is
very strong. I conclude that MCB is a good organization for a person for
his long team Career workings.