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Executive summary

I have prepared this report after my internship which was the compulsory part of MBA degree. In this report I mentioned that what I learned in NBP Model Town branch during my internship.

In this report I gave the history of NBP, its Board of Directors, audit committee and bankers. Further I mention in this report that what is the mission, vision, Objectives, Functions, Product Line of NBP. I noted in this report that how many number of employees are in NBP and which are its main offices.

After that I noted my internship program in this report. In this report I mention in which departments I worked and got practical experience. There are nine departments in Model Town Branch of NBP in which I got training e.g.

 

The history of National Bank of Pakistan is part of Pakistan’s struggle for economic independence. National Bank of Pakistan was established on November 9, 1949 under the National Bank of Pakistan Ordinance, 1949 in order to cope with the crisis conditions which were developed after trade deadlock with India and devaluation of Indian Rupee in 1949. Initially the Bank was established with the objective to extend credit to the agriculture sector.

 

The normal procedure of establishing a banking company under the Companies Law was set aside and the Bank was established through the promulgation of an Ordinance, due to the crisis situation that had developed with regard to financing of jute trade. The Bank commenced its operations from November 20, 1949 at six important jute centers in the then, East Pakistan and directed its resources in financing of jute crop. The Bank’s Karachi and Lahore offices were subsequently opened in December 1949. The National Bank of Pakistan came forward to establish its offices in the Cotton growing areas and extended credit facilities liberally in order to restore stability to the market.

 

. In 1951, the country was once again faced with a crisis in the cotton trade when prices was crashed and touched the lowest level since independence following the cessation of hostilities in Korea. The bank in collaboration with the cotton board provided the necessary Credit facilities to the trade and the crisis was tided over.  The nature of responsibilities of the Bank is different and unique from other banks/financial institutions.

 

The Bank acts as the agent to the State Bank of Pakistan for handling Provincial/Federal Government Receipts and Payments on their behalf.  The Bank has also played an important role in financing the country’s growing trade, which has expanded through the years as diversification took place.

 

NATURE OF THE ORGANIZATION

 

National Bank of Pakistan is basically a Financial Organization. It deals with borrowing, lending and investing activities. The nature of operations conducted by the bank is different and unique from other Banks/financial institutions working in Pakistan. NBP is the largest commercial bank of Pakistan. It has balance sheet size greater than any bank in Pakistan. After redefining its role it has become a modern commercial bank rather than a public sector organization.

 

The Bank's services are available to individuals, government and corporate sector. It acts as trustee of public funds and also as the agent to the State Bank of Pakistan (in places where SBP does not have a presence). it has a diversified business portfolio and is today a front end player in the debt equity market, agricultural financing, corporate investment banking, retail and consumer banking, treasury services and is taking growing interest in developing the country's small and medium enterprises. It is also fulfilling its social responsibilities of being a corporate citizen.

 

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