Accounting

In the Name of In the Name of Allah Allah The Most Beneficent, The Most Beneficent, The Merciful The Merciful

Presented ByPresented By

Jaffar Tayyar 48Jaffar Tayyar 48 Syed Ali Kamran 50Syed Ali Kamran 50 S.Hussain Zainulabideen 85S.Hussain Zainulabideen 85 Yasir Aslam 88Yasir Aslam 88 Mirza Ali Raza 90Mirza Ali Raza 90

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Our Topic

BANK DEFINITION:"Banks are institution that enjoys the public money doing nothing for the public".

BankerBanker includes a body of person whether

incorporated or not who carry on business of banking

CustomerCustomer is defined as one who has account with the bank, the word customer signifies a relationship in which duration is not of the

essence

History of Banking

Authorities hold the opinion that the word bank is derived from the German word “Back” which means joint stock fund. Later on, when the

Germans occupied major part of Italy, the word “Back” was Italianize into “Bank”

It is, therefore not possible to decide as to which of the opinion is correct, for no record is available

to ascertain the validity of any of the opinions.

History of Banking in PakistanAt the time of independence, there were 487 offices of

scheduled banks in the territories now constituting Pakistan. Following the announcement of independence Plan in June 1947, the Hindus residing in the territories now comprising Pakistan started transfer their assets to India. Moreover, the banks including those having their registered offices in Pakistan, transferred them to India

in order to bring

OUR BANKING SYSTEM TODAY

The Banking Business as we know it today is composed of three separate and distinct principal functions. 1- The acquiring of funds to invest and loan.

2-The investing of such funds in loans and bonds. 3-The servicing of such funds, such as providing of

checking/saving facilities, and the collection of draft, notes and checks.

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INTRODUCTION TO HABIB BANK LIMITED

On 25th of August 1941, Habib Bank inaugurated its operations with the bank’s first branch in Bombay. In

1947 Karachi saw its first commercial bank of the newly formed Islamic Republic of Pakistan, when the bank

shifted its head office there. Throughout the decades, HBL has held the mantle of a dynamic leader, by adding

value to the live of its customers

Habbib Bank Objectives

Habbib bank has following objectives:1)Main objective of Habbib bank is to earn profit.

2)To provide services to their customers and assistance in the development of commerce and

trade.Habbib bank also has another responsibility to give

service to their communities. It watches the growth and development of his community especially the

commerce and business of the area.

Our Mission

To be recognized as the leading financial institution of Pakistan and a dynamic international bank in the

emerging markets, providing our customers with a premium set of innovative products and services, and

granting superior value to our stakeholders – shareholders, customers and employees.

Types of accountThe main types of account are:

1) CD account (current deposit account).

2) PLS account (profit loss saving account).

3) Fixed term deposit account.i) Short term.ii) Long term

4) Joint account.

1. CD account

Detail of accounts

i)Minimum & Maximum Balance.

ii) Purpose.

iii) For withdrew money:

How to open a CD account opening: i) A form filled.

ii) Three photos required.iii) Attach the copy of NIC card

iv)Attest the any Account holder HBL

Signature verification card.

DEPOSIT SLIP

2)PLS Saving Account:

i) Minimum & Maximum Balance.

ii) Withdrawals.

How to open PLS Account?

i) To fill the form of PLS account which given by the Bank

ii) Attach the copy of NIC card.

iii) Three photo required. iv) Attest the any Account

holder HBL.

Signature verification card.

DEPOSIT SLIP

3)Fixed Deposits i)short term deposits ii)long term deposits

Procedure:

1) To fill the form of account which given by the Bank.

2) Photos copy of NIC.3) Attest the any Account holder HBL.4) Signatures of two OR more person.

4)Joint account

1) DEMAND DRAFT(DD):

2)TELEGRAPHIC TRANSFER(TT):

Types of loansTypes of loans

Cash FinanceCash Finance Demand FinanceDemand Finance Demand Finance to StaffDemand Finance to Staff Finance Against Local Manufactured Finance Against Local Manufactured

MachineryMachinery Housing FinanceHousing Finance Agricultural FinanceAgricultural Finance Finance for Government OperationsFinance for Government Operations

1)RUNNING FINANCE1)RUNNING FINANCE

PurposePurpose SECURITY

2)CASH FINANCE PURPOSE SECURITYSECURITY PERIODPERIOD

3.3. DEMAND FINANCEDEMAND FINANCE

PURPOSEPURPOSE SECURITYSECURITY PERIODPERIOD

4.4. DEMAND FINANCE TO DEMAND FINANCE TO STAFFSTAFF

PURPOSEPURPOSE SECURITYSECURITY PERIODPERIOD

5)FINANCE AGAINST LOCALLY 5)FINANCE AGAINST LOCALLY MANUFACTURED MACHINERY:MANUFACTURED MACHINERY:

PURPOSEPURPOSE SECURITYSECURITY PERIODPERIOD

6.HOUSING FINANCE6.HOUSING FINANCE

PURPOSEPURPOSE SECURITYSECURITY LIMITLIMIT PERIODPERIOD

7.7. AGRICULTURAL FINANCEAGRICULTURAL FINANCE

PURPOSEPURPOSE LIMITLIMIT PERIODPERIOD

08.08. FINANCE FOR FINANCE FOR GOVERNMENT GOVERNMENT

COMMODITIES OPERATIONSCOMMODITIES OPERATIONS

PRODUCTS AND SERVICES PRODUCTS AND SERVICES OF HBLOF HBL

HAJ SERVICESHAJ SERVICES LOCKER FACILITYLOCKER FACILITY

Types of lockersTypes of lockers::

There are four types of lockers:There are four types of lockers: Small (Yearly Rent is RS.1000)Small (Yearly Rent is RS.1000) Medium (Yearly Rent is RS.1500)Medium (Yearly Rent is RS.1500) Large( Yearly Rent is RS.2500)Large( Yearly Rent is RS.2500) Extra large (Yearly Rent is RS.3000)Extra large (Yearly Rent is RS.3000)

1)SECURITY 1)SECURITY

Online bankingOnline banking

Atm card:Atm card: Value visa debit cardValue visa debit card

TRAVELER CHEQUESTRAVELER CHEQUES

REQUIREMENTREQUIREMENT VERIFICATIONVERIFICATION

UTILITY SERVICES

INCOME HEAD OF CANTT INCOME HEAD OF CANTT BRANCHBRANCH

Profit on the sale of assetsProfit on the sale of assets Services chargesServices charges Rent received on LockersRent received on Lockers Postage charges recoveredPostage charges recovered Account maintaining chargesAccount maintaining charges Markup on Demand FinanceMarkup on Demand Finance Markup on Running FinanceMarkup on Running Finance Markup on Cash financeMarkup on Cash finance Commission on TT/ DDCommission on TT/ DD

EXPENDITURES CANTT EXPENDITURES CANTT BRANCHBRANCH

Profit paid on PLS AccountProfit paid on PLS Account Interest on PAK AccountInterest on PAK Account Education exp.Education exp. Medical exp.Medical exp. Entertainment exp. Entertainment exp. Rent paid.Rent paid. Postage exp.Postage exp. Stationary exp.Stationary exp. Depreciation on computer& Tele Equipment, furnitureDepreciation on computer& Tele Equipment, furniture Paid Bill of electricity/Gas/Telephone Paid Bill of electricity/Gas/Telephone

STRENGTHSSTRENGTHS

It has great number of branches in It has great number of branches in Pakistan. Pakistan.

HBL was the first bank who first introduced HBL was the first bank who first introduced ATM card in Pakistan.ATM card in Pakistan.

Advertisement of HBL is very good as of Advertisement of HBL is very good as of other banks.other banks.

Out look of the HBL branches is very Out look of the HBL branches is very attractive to the people. attractive to the people.

WEAKNESSESWEAKNESSES

Some employees are low educated Some employees are low educated No entertainment facilities are available in No entertainment facilities are available in

the Bank when customer goes to the Bank the Bank when customer goes to the Bank and wait for a longer time. These facilities and wait for a longer time. These facilities can be the newspaper, magazines, etc.can be the newspaper, magazines, etc.

Suggestions & Suggestions & RecommendationsRecommendations

If HBL reduce their interest rate then they If HBL reduce their interest rate then they can attract more customers .can attract more customers .

All branches must be online.All branches must be online. Installation of ATM machines at all its Installation of ATM machines at all its

branches, as it will help generate huge branches, as it will help generate huge revenue due to its high utility.revenue due to its high utility.

When a prize is given to a branch on his When a prize is given to a branch on his excellent performance it should be divided in excellent performance it should be divided in all employees of branch.all employees of branch.

They must increase their profit rate.They must increase their profit rate.