Summit Bank

MAHJABEEN KOUSAR
MC130401032

Mcom PROGRAM
 Brief Introduction of Organization

Over View Of Summit Bank

In October 2007, Arif Habib Securities Limited under the Scheme of
Amalgamation set by the State Bank of Pakistan acquired the Pakistan
Operations of Rupali Bank Limited; hence forming Arif Habib Bank. In 31st
March 2010, Suroor Investments Ltd, a Mauritius based investment firm,
acquired 59.41% stake in Arif Habib Bank Ltd from Arif Habib Securities
Ltd, and on the 18th of August 2010, Arif Habib Bank Ltd was rebranded as
Summit Bank Ltd.
Summit Banks parent company, Suroor Investments Ltd, later acquired
majority shares of My Bank Ltd and Atlas Bank Ltd in Pakistan. The
operations of the later mentioned banks were then merged under the single
umbrella of Summit Bank Ltd, thus expanding the Bank’s network to more
than 193 Branches
 Competitors
Albaraka Bank
Allied Bank Limited.  
Askari Bank Limited.  
Bank Alfalah Limited.  
Bank Al-Habib Limited.  
BankIslami Pakistan Limited.  
Burj Bank Limited.  
Citi Bank N.A.  
Deutsche Bank A.G.  
Dubai Islamic Bank Pakistan Limited.  
Faysal Bank Limited.  
First Women Bank Limited.  
Habib Bank Limited.  
Habib Metropolitan Bank Limited.  
Industrial and Commercial Bank of China  
Industrial Development Bank of Pakistan.  
JS Bank Limited.  
 Business volume

O Summit Bank has a business volume of 193

branches across Pakistan
 Training program
I performed all these task during my internship
O Account Opening Information
O Service Forms
O Issuance of Bank Statement and Cheque Book
O Signature Specimen Card
O Nadra Verification
O Scan Account Opening Forms
O Data Entry of Cheque book and ATMs
 Learning experience
Knowledge gained

O During my internship all staff is very kind and humble towards me. They always
helps me during my tasks and. I got knowledge about
O Account Opening Information
O Service Forms
O Issuance of Bank Statement and Cheque Book
O Signature Specimen Card
O Verisys (Nadra Verification System)
O Scanning Account Opening Forms
O Data Entry of Cheque book and ATMs
O With the help of my virtual university handouts I have all the basic and
professionally knowledge about banking system of Pakistan and all the policies of
state bank of Pakistan. Policies and procedures which I learned through my
handouts helped me a lot
 Skill learned
O I learned professional skills during my internship.
How to present our self in well-mannered way .I
learned about professionally way of communication.
How to remove communicational barriers. I learned
when u work in a team or group you have to listen all
the ideas of others and then take a decision. Through
my university career I have idea of group work which
helped me a lot. Problem solving technique and
methods which I learned in my university helped me a
lot.
O 
 Attitude and values
O I got to know that hardworking is very
necessary but mostly am work smarter than
harder. Right attitude overcome obstacles in
easy way. Honesty, truthfulness matters a lot.
 Most challenging task
O The most challenging task which I done that
front line operations manager is absent and I
done his all work. This is the first time when I
interact to summit bank’s computer system.
This is the day which I personally open
account for customers and allot them numbers
of account.
Organization Analysis
 Finance department
Summit Bank Allocation of Funds:
O Summit Bank manages and allocates their funds
through:
O Investments
O Advance Payments
O Lending to financial institutes.
Summit Bank Sources of funds:
O Summit Bank main sources of funds are:
O Deposits of customers in bank
O Borrowing form financial institutes.
O  
 Management department

Centralization/Decentralization:
O Centralization means when a decision is made, only
supervisors, directors can made the decisions. Lower staff
never involved in decision making process.
O Decentralization means decisions are made with the
consent of lower staffs and employees too. Supervisors
get ideas to the staff and try to innovate things which can
beneficial for organization and staff as well.
Work specialization:
O When Summit Bank wants to get specialized and accurate
work then task are divided into different jobs departments.
O 
 Human resource department

Employee’s recruitment and Selection:

A person can face many problems to select the best person for particular
job. Interviewer can notices and judge the person with their knowledge,
willing to do task, dedication towards their work, ability and skills then
they select the person for job.
Training and Development:
O Now there is a difference which can be understood first.
O Training is for present state and development is for future bases work.
O Training is needed when person face deficiency to do his/her work.
Training is done to overcome present deficiency. And development of
employees means to make your staff eligible to work in future with
better technology knowledge.
O  
SWOT Analysis
 Strengths
O Professional and trained staff
O Friendly behavior with customer
O Quick services
O Easy and understandable schemes
O 
 Weakness

O ATM service slow down

O People not aware of Summit Bank products
O Low advertisement
O Low salary packages
 Opportunities
 

O Go abroad with their branches

O Make advertisement policy better
O Make more branches
 Threats
 

O.
O Weak policy
O Weak economic condition
O Competitors are very well trained and sharp
O High charging to customers.
 Conclusion

O I worked in Summit Bank with full dignity and

my full hard work. I noticed that Summit Bank
will do perfectly with their field. No such
harmful policies in this banking system. Every
employee is very passionate about their work.
Their formal yet friendly environment makes
employees into a unity which is a better state of
organization. I also noticed that if Summit Bank
make more advertisement they will go beyond
limits and make a successful banking system in
Pakistan
 Recommendations

O Increase staff number

O Train their staff for better meeting and
greeting with customer
O Make clear Islamic policies
O Must do their work on time.
Thank You