INTERNSHIP REPORT ON

Silk Bank
Faisalabad Branch

DEPARTMENT OF PUBLIC ADMINISTRATION

GOVERNMENT COLLEGE WOMEN UNIVERSITY, FAISALABAD
Name:
Anfaal Fatima
Degree :
Bs Honour
Department:
Public Administration
Session:
2020-2024
Roll No:
04
Registration No:
2020-GCWUF-3653
Date Of submission:
13 May 2024
 Dedication
At first, dedicating this work to Allah Almighty, without his mercy and sympathy we were
until able to accomplish this work. Allah Almighty give us power and confidence to do our
research work and also Holy Prophet (PBUH) who is a light for humanity. We also dedicate
this work to our lovely parents and respectable teachers with the depend gratitude whose
love and prayers have always been a source for us. I extend my heartfelt appreciation to Sir
Khurram and the entire team for their guidance, support, and mentorship throughout this
enriching work experience. Each challenge, achievement, and collaboration has shaped me
into a more competent and resilient professional. With profound gratitude, I look forward to
applying the lessons learned and contributing to the continued success of Silk Bank.
 Acknowledgement

First of all, I offer my humblest, sincerest thanks to ALMIGHTY ALLAH. The Most
courteous, sympathetic and beneficent. Who best owed me the ability to perceive and
scrutinize higher ideas of life it is one of the infinite blessings of God that best owed us with
the potential and ability to complete the present project on time. I humbly pay our respect and
praise to the medina -tul-1m Holy Prophet HAZRAT MUHAMMAD (PEACE BE UPON
HIM) who is the originator and source of knowledge, greatest social reforms and put lessons
for all humanity, who's spiritual and more guidelines enlightened my soul. It is the matter of
great honour pleasure for me to express my ineffable gratitude and profound in debones to
my honourable teachers for their kind supervision, value able suggestions, humble guidance,
and untiring help and in exhaustive energy to steer forth us.
 Table Of Content
Chapter Subject Page#
Chapter #1 Over view of the Orga nization
2.1 History Of Silk bank

2.2 Nature of the Organization

2.3 Business Volume

2.4 Number of Employees

2.5 Product Lines & Services of Silk bank

Chapter #2 Organizat ional Structure

3.1 Overall Organizational Structure

3.2 Organizational Structure Faisalabad branch

3.3 Various Departments of Silk bank

Chapter #3 Structure of
Finance/Accounts Department
4.1 Structure of Finance/Accounts
Department
4.2 Finance & Accounting Operations

4.3 Role of Financial Manager

4.4 Technical Methods (Use of Electronic

data)
4.5 Funds Management

Chapter #4 Theoretical and Practical Concepts

 5.1 Daily Schedule For Evaluate A Bank’s
Money position
5.2 Account Opening Procedure

5.3 Customer Privacy

Chapter #5 F i n a n c i a l A n a l y s i s

6.1 Balance Sheet

6.2 Income Statement

6.3 Ratio analysis

6.4 Horizontal analysis of balance

sheet
6.5 Horizontal analysis of income
statement
6.6 Vertical analysis of balance sheet

6.7 Vertical analysis of income

statement
6.8 Organizational analysis

6.9 Future prospects of silk bank

Chapter#6 Weakness of silk bank

Chapter#7 conclusion

Chapter#8 Finding and recommendations

Chapter#9 References
 Chapter 1:
Objectives of Studying The Organization
Why I studied the organization?
My real objectives of the studying the organization are based on following facts:
•
To study accounting finance issue of the organization its weakness strength
•
To fulfill the requirement of department of Public Administration for the degree of BPA
•
To improve my knowledge about finance department other different department of this organization
•
To be a better manager of finance activities of huge organization
•
To high light strength identify weakness residing internally with finance department of this organization

Chapter 2:
Overview of the organization

Silk bank is the Public sector financial institution. The Silk bank was established on1949, to serve as an
agent to the SBP. Silk bank head office is in Karachi. It has1249 regional branches and 18 overseas
branches. Silk bank is a 52% share owned by the Government of Pakistan (GOP). Silk bank's total
assets stood at PKR820 billion onmid of 2009. This included total earning assets of about
PKR268 billion with gross loan portfolio of PKR140 billion. The bank also has an investment
portfolio of PKR171 billion, which comprises treasury securities, corporate bonds, shares and other
securities.

History of silk bank

On September15 2001 under the super visi on of State Bank of Pakistan (
S B P ) , t h e institution then known as prudential bank was acquired by management associates of
SaudiPak industrial and agriculture investment company (Pvt) Ltd (SAPICO). Silk B
ank (formerly Saudi Pak Commercial Bank) came into existence when a consortiu
m of investors, comprising Bank Muscat SAOG, Nomura European Investments Limited and
International Finance Corporation signed a share purchase agreement with the Saudi
Pak investment group. On March 31, 2008 the consortium acquired 86.55% of the bank
for around USD 26million or $0.47 per share (Rs 29.3 equivalent per share). Under the new
leadership, the bank will continue to focus on SME and consumer financing resulting
inefforts of increased profitability. In December 2009, after completing all regula
toryrequirements, the bank announced a Rights Issue of 311% at a discount of Rs 7.5 per shareto
generate additional capital of Rs 7.0billion to meet the MCR of the State Bank
of Pakistan (SBP ). On March 31, 2008, a consortium comprising of IFC, Bank Muscat, Nomura
Internationaland Sinthos capital and led by senior bankers Shaukat Tarin and Sadeq Sayeed acquired
an8 5 . 5 5 % s t a k e i n S i l k b a n k f o r a r o u n d $ 2 1 3 m i l l i o n o r $ 0 . 4 7 p e r
s h a r e ( P K R 2 9 . 3 equivalent per share). Under the new leadership, the bank will continue
focus on SMEconsumer financing resulting in efforts of increased profitability.
“Saudi Pak Bank name changed Silk Bank”
The State Bank of Pakistan notified Friday the change of name of Saudi Pak CommercialBank Limited to
Silk Bank Limited with effect from June 1, 2009. This change has beennotified by the central
bank in exercise of the powers conferred on it (SBP) by clause of sub-section (2) of Section 37 of
the SBP Act, 1956

Nature of the Organization

The main objective of the bank is to accept deposits and provide loans to its customers andalso to be more
efficient in providing services. The bank maintained its commitment tomost efficient and
personalized services to its customers. Silk bank of Pakistan introducedmany remunerative schemes for
its depositors and introduced computer services for thefirst time in the banking history of
Pakistan. Silk bank gives advances to small, mediumand big industries, commercial
establishment, agriculture, construction companies andother needy persons. Silk bank collects
electricity gas and telephone bills from public andover hundred branches of Silk bank Ltd. deal in foreign
exchange were facilities are givento financial and commercial so its ultimate objective is to receive funds from
depositors and provides loans/credit facilities to different sector including trade,try
andagriculture in its most branches.
Number of employees
Followings are the no of employees working in 83 branches of Silk Bank in 32 cities
Staff strength(permanent/temporary or contractual) 1,259
Support staff 700
Total number of employees of silk bank 1959

Following is the total no of employees working in Silk Bank

Management employees 5
Support staff 8
Total number of employees of silk bank Faisalabad branch 13

Product Line of Silk bank

Loan and Advances
M’Power
Turnover is vanity, profit is sanity but cash is reality and good cash flow is the
key to success of any business. Silk Bank M’Power offer running finance against
your land, residential & commercial properties insuring a steady life line for your business.
Convenient
 Land, residential and commercial properties acceptable as security
Flexible
 Ever green facility with no principle repayment
Affordable
 Mark up calculation on daily utilized amount only
Accessible
 Visa debit card acceptable internationally
 Available in all major cities of Pakistan i-e Karachi, Lahore, Rawalpindi, Islamabad& Gujranwala
 Online banking facility in 32 cities of Pakistan
Fast process
 Fast processing with simple and hassle free documentation
Eligibility
 Resident of Pakistan
 Self employed professional &businessmen in going concern over 3 to 5 year
 Monthly income of 50,000
 Age 25-60 years
 Real estate collateral in shape of land, residential &/or commercial properties