Silk bank

MONEY BANKING & FINANCE

PRESENTATION ON

PRODUCTS OF SILK BANK

PRESENTED BY

KIRAN FAYYAZ 78JAWAD ZAMAN 79MUSKA JAVED 80

INTRODUCTION TO BANKS

Banks play a vital role in strengthening economy of any country. They help in mobilizing savings and provide capital for trade, commerce and industry. In Pakistan, Banking sector has always shown remarkable results in the past and is carrying on with it.

SILK BANK is one of the new banks in Pakistan, and is playing a key role in the development of the country.

HISTORY OF SILK BANK

On September 15,2001, the State Bank of Pakistan approved the transfer of majority control and management of the prudential in favor of Saudi Pak.

On March 31, 2008, a Consortium comprising of IFC, Bank Muscat, Nomura International and Sinthos Capital- which was led by senior bankers Shaukat Tarin and Sadeq Sayeed - acquired an 86.55% stake in Saudi Pak Commercial Bank for around USD 213 million or USD 0.47 per share (PKR 29.3 equivalent per share). Saudi Pak was rebranded as Silkbank Limited on June 1, 2009. Under the new leadership the bank will continue to focus on SME & Consumer financing resulting in efforts of increased profitability.

SILK BANK

Our new identity Silkbank – is a name with a meaning that endorses our values. The name takes its inspiration from ‘Silk’, a natural element known for its unique properties. Our inspiration also comes from the Silk route which has been a corridor for trade and commerce between Asia and the rest of the world for centuries.

Our ascending symbol marks our quest to move higher and our tag line “Yes we can” is a promise of unmatched service quality to our customers

VISION & MISSION

Vision statement:

Benchmark of Excellence in Premier Banking

Mission statement:

To be the leader in premier banking, trusted by customers for accessibility, service & innovation; be an employer of choice creating value for all stakeholders.

PARTNERS IFC (International Finance Corporation)

A member of the World Bank Group, fosters sustainable economic growth in developing countries.

Nomura Holdings

A leading investment bank with network in over 30 countries and total assets of USD 221B. Recently acquired Lehman Brothers in Asia and Europe.

Bank Muscat

Largest bank of Oman with assets of over USD 15 billion, having significant presence in the Middle East.

PRODUCTS OF SILK BANK(DEPOSIT , ASSET & TECHNOLOGY

PRODUCTS)

DEPOSIT ACCOUNTS

CURRENT ACCOUNT SAVING ACCOUNT TERM DEPOSITS

•ALL-IN-ONE ACCOUNT

•SUPER SAVER •SALANA MUNAFA

•BASIC BANKING ACCOUNT

•MUNAFA ROZANA •SILK BANK MAHANA MUNAFA

•BUSINESS VALUE ACCOUNT

•FOREIGN CURRENCY ACCOUNT

•ONLINE EXPRESS •PLS SAVINGS

• SALARY PREMIUM ACCOUNT

ALL IN ONE ACCOUNT“FREE BANKING SERVICES &PROTECTION”

Silk bank All-in-One Account provides you the ultimate security and protection, amazing banking facilities and much more convenience… all absolutely free.

Initial deposit Rs. 1000/- Average balance Rs.100,000/- Worry free cash withdrawals ( Rs.25,000 per annum) Use your mobile phone without fear ( Rs.5,000) Lost your vital documents (Rs. 5,000) Liberate yourself from the fear of home burglary (Rs.

100,000)

Protection For Your Family in case of Accidental Death or Disability (Rs.200,000)

Free Cheque Book Free Pay Orders & Demand Drafts Free Intercity Transactions Free VISA Debit Card Free Withdrawals from all ATMs Free Internet Banking Free SMS Alerts Free Statements Through Your Email

BASIC BANKING ACCOUNT (BBA)

Initial deposit Rs. 1,000/- Current account Dormant in six months Students and salaried.

Debit Transaction/credit transaction

Two free transaction per month.Rs.100/- for all subsequent transaction during the month

Online Transfer Charges(inter-city Transaction)

0.10% min Rs.150/-

Online Cash Deposit and withdrawals

0.10% min Rs.150/-

Cheque Return Rs. 300/- per instrumentCheque Book Charges 25-leaf cheque book

@Rs.25/- per leaf

BUSINESS VALUE ACCOUNT“RESPECT & RECOGNIZATION FOR YOUR

BUSINESS”

Silkbank Business Value Account is a current account that brings respect and recognition to your business.

Silkbank Business Value Account also protects your business inventory and cash withdrawals from the bank – absolutely free.

Initial deposit Rs. 1000. Average balance Rs. 100,000. Protect your business inventory up to Rs.

10,000,000. Worry-free Cash withdrawals Rs. 25,000 per annum

Pay Orders/ Demand Drafts /Call Deposits.

Monthly Average Balance PO,DD,CDRBelow Rs.100,000/- Rs.100/-PO,DD,CDRRs.100,000/-to Rs.499,999/- 6free/ month.

Rs.100/- for Subsequent PO,DD,CDR

Rs.500,000/- &above All free

Visa Debit Card Fee.Monthly Average Balance Visa Debit CardBelow Rs.100,000/- Rs.500/-Rs.100,000/- & above freeSMS AlertsMonthly Average Balance SMS AlertsBelow Rs.100,000/- Rs.50/- per monthRs.100,000/- & above Free

ONLINE EXPRESS“NOW I CAN STRENGTHEN MY BUSINESS BY BANKING FROM ANY WHERE”

•Pay Orders/Demand Drafts

Monthly Average Balance PO/DD Charges

Less than Rs. 50,000/- Rs.100/- PO/DD

RS.50,000/- to less than Rs.100,000/- 2 Free For the Month

Rs.100,000/- to RS.500,000/- 6 Free For the month

Rs.500,001/- &above All Free For the month

• Cheque Book Charges

Monthly Average Balance Cheque Book Charges

Up to Rs.500,000/- Rs.25/- per leafRs.500,001/- to Rs,1,000,000/- 2 Free For the Month Rs. 1,000,001/- & above All Free

.  Enjoy online banking solutions,all under one roof. Average balance Rs. 50,000/-

SALARY PREMIUM ACCOUNT

“GIVE YOUR EMPLOYEES A REASON TO SMILE

Exceptional current account that offers additional perks with your salary.

Initial deposit Rs. 1000/- Hassle Free Salary Processing. Worry-free Cash Withdrawals. Unmatched Auto-Insurance Benefits (up to 2.5%)

SUPER SAVER & MUNAFA ROZANA

Initial deposit Rs. 1000/- Interest rate 9.5% Average balance Rs. 50,000/- Higher the deposit, higher the profit. Incidental charge Rs. 50/-

SUPER SAVER“PROIT EVERDAY AND EASY ACCESS TO

FUNDS…NOW THAT’S WHAT I CALL A SUPER SOLUTION!’’

Safe Deposit Locker ChargesMonthly Average Balance Locker Charges Less than Rs. 30,00,000/- or above free limits

Small Rs.1,500/- per annumMedium Rs.2,000/- per annumLarge Rs. 3,000/- per annum

Rs.30,00,000/- to Rs.50,00,000/- Small Or Medium FreeRs.50,00,001/- to Rs.10,000,001/- & above

Large Free

Rs .10,000,001/- &above Large Or Extra Large FreeCheques Book ChargesMonthly Averages Balance Online Transaction ChargesLess than Rs.1,000,000/-Or above Rs. 25/- per leaf

Rs.30,00,000/- &above 2free for the month(25 leaves)SMS/Call Desposit ( CDR )Monthly Average Balance CDR ChargesLess than Rs.500,000/- 50/- per monthRs.500,000/- & above All free for the month

MUNAFA ROZANA“PROFIT IN CASH… DAILY!”

The only savings account in Pakistan that pays profit in cash, DAILY! With Silkbank Munafa Rozana, profit on your funds is calculated and paid out into your account, DAILY.

PROFIT RATESTiers RatesRs.0 to Rs.2mn 5.00%Rs.2m to Rs.5mn 6.00%Rs.5 to Rs.10mn 7.25%Rs.10 to Rs.20mn 7.50%Rs.20 to Rs.30mn 8.50%Rs.30 to Rs.50mn 9.00%Rs.50mn and above 9.00%

PLS SAVING ACCOUNT“I can access my money anytime, and earn steady

profit on it too" Avail the benefits of a savings account with the

convenience of a current account. Profit paid out twice a year Monthly Profit of 5% on all Tiers Profit calculated on minimum balance every month Can be operated by Individuals or Companies Average balance Rs.50,000 Visa debit card

SALANA MUNAFA & MAHANA MUNAFA“Our savings have turned into a source of good income, thanks to our

investment”

Earn the highest profit on a monthly basis in mahana munafa.

Earn the highest profit on annualy basis in salana munafa.

Minimum balance of only Rs.100,000/- Interest rate 5%

LOANS & ADVANCES“EMPOWER YOUR BUSINESS”

M’POWER“EMPOWER YOUR BUSINESS”

Offers running finance facility against your land, residential & commercial properties, insuring a steady life line for your business.

Convenient(properties as security) Affordable (Mark up calculation on daily utilized

amount) Loan Amount (up to 70% of property value) Eligibility : Resident of Pakistan Self employed Monthly income of Rs. 50,000/- Age: 25 – 60 years

INSURANCE PRODUCTS

ROSHAN MUSTAQBIL“INVEST TODAY FOR YOUR CHILD’S BETTER

TOMORROW” Education plan Minimum amount Rs.15000/- Offers a method of disciplined savings that can be

utilized to pay for the higher education needs of the nominated child.

Policy year @8% p.a. unit growth rate

@10% p.a.unit growth rate

@12% p.a unit growth rate

5 442,972 465,711 489,422

10 1,168,940 1,296,155 1,437,825

15 2,194,763 2,577,886 3,035,235

18 2,988,163 3,642,776 4,458,714

SUNEHRA KAL “PLAN TODAY FOR A BETTER TOMORROW”

Saving and investment plan. Financial planning package that gives dual benefits

of protection along with higher returns over long-term savings and investment.

Initial deposit Rs.15,000/- Maximum age limit 60 years. Maturity 10 years. Accidential death and disability Life care

SUNEHRA KAL “PLAN TODAY FOR A BETTER

TOMORROW”

Family incomeIf the assured customer’s age is 30 years, and

he decides to contribute Rs.100,000 per annum with the protection mutiple of 20, taking a sum

assured of Rs.2,000,000 in Sunehra Kal.The

expected cash values would be as follows:Policy year @8%p.a.unit

growth rate@10%p.a.unit growth rate

@12%p.a.unit growth rate

5 432,140 454,703 478,268

10 1,146,380 1,272,304 1,412,747

15 2,175,174 2,558,668 3,015,590

20 3,612,530 4,520,217 5,683,272

25 5,601,449 7,491,109 10,101,604

MEHFOOZ HAR PAL“PROTECT THOSE YOU CHERISH THE MOST”

Silk bank Mehfooz Har Pal Banc assurance is a simple yet comprehensive accident and hospitalization plan providing 24 hour worldwide coverage to the entire family.

Mehfooz Har Pal guarantees your financial well being by paying out cash on death, disablement or prolonged absence from work as a result of an accident or hospitalization due to an accident.

SILK HEALTH PLAN

“The Most Reliable and Comprehensive Health Cover for you and your Family!”

With a mission to help people live healthier, wealthier and more successful lives Silkbank offers Silk Health Plan, a comprehensive healthcare package that provides financial protection in case of an illness or accident that leads to hospitalization. 

TECHNOLOGY PRODUCTS

Visa Debit Card Mobile Banking E-Statements Sms Alerts Silk Bank-direct Silk Fauree Transfer Inter-Bank Funds Transfer