my bank
TRANSCRIPT
GROUP:
• NIGAR ASLAMM10MBA014
• MISBAH AMJAD M10MBA061
• IRUM WAHEED M10MBA064
WELCOME TO MYBANK
Hailey College of Banking & Finance PU, Lahore.
IntroductionHistoryMission, vision &valuesBoard of DirectorsServices & ProductsFinancial schemesFinancial AnalysisSWOT & PEST AnalysisRecommendationsConclusionsQ & A
Contents :
NIGAR ASLAM
M10MBA014
INTRODUCTION : Incorporated in 1992. Its registered office is in
QUETTA. Its principal office is in
KARACHI. Its Paid Up capital is 5.303
billion. Listed on Karachi & Lahore
Stock Exchange. It provides Online banking,
GPRS & e-banking.
HISTORY : Incorporated as BOLAN
BANK Ltd. in 1992 Renamed as MyBank in
July, 2005 by SBP In March, 2004 controlling
interest was acquired by
Mr. Iqbal Alimohamed.In August, 2006 management
was taken over by
Mr. Muhammad Bilal Sheikh.
Vision :
Vision :
“To be the best Customer Service Bank in the country with highest Economic Value Added (EVA) through engaged and motivated People”
“To be the premier customer focused bank in the country recognized for superior service, innovative products and attractive returns to all stakeholders through optimal utilization of technology for service and product delivery. Superior and comfortable look and feel to the branches bringing world class standards to the local market through personalized attention”
Mission Statement :
Integrity
Customer Focus
Team Work
Innovation
Core Values :
Mr. Iqbal Alimohamed (Chairman)
Mr. Sohail Muzaffar (Vice Chairman)
President & CEO :
Mr. Muhammad Bilal Sheikh (President & CEO & Director)
Mr. Muhammad Iqbal Ebrahim (Director)
Mr. Afzal Ghani (Director)
Mr. Danish Iqbal (Director)
Mr. Mamnoon Ahmed Alvi (Director)
Board of Directors :Mr. Muhammad Bilal Sheikh
(President & CEO /Director)
Mr. Muhammad Bilal SheikhMs. Mona SultanMr. Faisal ShaikhaMr. Akhtar Ali KhanMr. Anis IqbalMr. Syed Nazir Hussain Mr. Tariq Idrees Mr. Kh. Tajammul Hussain Mr. Akhtar Aleem Syed Mr. Baber Saeed Khan Mr. Shaukat Ali Larik Mr. Imran Ahmed
Management Team :
CREDIT RATING :
The Bank enjoys "A-" (Single A Minus) for the medium to long term and "A2" (A two) for the short term entity ratings by Pakistan Credit Rating Agency Limited (PACRA).
SERVICES
Call Centre Remittance Facility Utility bills collection Locker Facility SMS Banking E.TOPUp Online banking E-Banking
Services :
Services :
REMITTANCE FACILITY
MyBank is providing Remittance facility and Schedule Of Charges includes International Banking.
Also In Domestic Banking.
Services :
UTILITY BILLS COLLECTION
All branches of MyBank collecting Utility Bills authorized by WAPDA, KESC, SSGC, SNG, PTCL.
Collection time is from
9.00 am to 5.00 p.m. Bills are collected both by
cash and by Cheque.
Services :
LOCKER FACILITY
Lockers are available in 4 sizes.
SIZERENT
a) Small 1,000/-
b) Medium 1,500/-
c) Large 2,500/-
d) Extra Large 4,000/-
Services :
Services : E. TOPUP (We deliver more than words)
MyBank offers FREE etopup Service 24 ,7. You can recharge your mobile balance through your MYBL account.
Simply type:etopup <space> first & last letter of the mobile network <space> amount
Or for friends & family:etopup <space> first & last letter of the mobile network <space> amount <space> desired friends & family number and SMS to 03122-692265
Services : ONLINE BANKING Now your Signature is valid countrywide
Now you can extend your business to different cities, without having an account in that city.
MyBank Online is a computerized system, linked through SBCN.
Services :
E-BANKING MyBank at your desktop
Visit any branch of MyBank and get your self a full package deal for Free, which includes E-banking, SMS-banking, Email-Alerts and Etopup Service.
MISBAH AMJAD M10MBA061
Deposit schemes Foreign trade Car financing My Sahoolat (My Dream Home) Easy credit scheme Agricultural finance
schemes My ATM
Products :
DEPOSIIT ACCOUNTS :
DEPOSIIT ACCOUNTS :
Basic Banking Account
Current Account
PLS Saving Deposits Account
Business Premium Account
Special Notice Deposit Account
Various Term Deposit Account
DEPOSIIT ACCOUNTS :
“Basic Banking Account” (BBA)
The initial deposit will be Rs. 1000. No limit on minimum balance. There is no fee for maintaining BBA. Maximum four deposit transactions and two
withdrawals per month are free of charges. Unlimited and free of charge ATM withdrawals. Statement of account will be issued once in a year.
DEPOSIIT ACCOUNTS :
Deposit Period Profit Rate
1 year 10.00% p.a.
2 years 10.25% p.a.
3 years 10.50% p.a.
Fixed Term Deposit Scheme Profit Payable Monthly
DEPOSIIT ACCOUNTS :
Special Notice Deposit Account
DEPOSIT PERIOD
AMOUNT PROFIT RATE
7 - 29 Days 50,000/= & Above
5.0 % p.a.
30 Days 50,000/= & Above
5.0 % p.a.
DEPOSIIT ACCOUNTS :
TERM DEPOSIT REGULARDEPOSIT PERIOD AMOUNT PROFIT RATE
1 MONTH 50,000 & Above 6.0% p,a.
3 MONTHS 50,000 & Above 7.0% p.a.
6 MONTHS 50,000 & Above 8.0% p.a.
1 YEAR 50,000 & Above 10.5% p.a.
2 YEARS 50,000 & Above 10.75% p.a.
3 YEARS 50,000 & Above 11.0% p.a.
DEPOSIIT ACCOUNTS :
PLS SAVING DEPOSIT ACCOUNT
AMOUNT PROFIT RATE
Any Deposit Amount 5.0% p.a.
Profit Calculated on Minimum Monthly Balance Payable Semi-Annually
DEPOSIIT ACCOUNTS : Business Premium Account
DEPOSIT PERIOD AMOUNT PROFIT RATE
1 Year UPTO Rs. 5,000,000 5,0% p.a.
1 Year Rs. 5,000,001 to Rs. 10,000,000
6.0% p.a.
1 Year Rs. 10,000,001 to Rs. 25,000,000
6.5% p.a.
1 Year Rs. 25,000,001 or Above
10.35% p.a.
Profit Calculated on Daily Product Basis, and Payable Quarterly
DEPOSIIT ACCOUNTS :
SPECIAL DEPOSIT ACCOUNT
DEPOSIT PERIOD PROFIT RATE
1 Year 10.35% p.a.
2 Year 10.60% p.a.
3Year 10.75% p.a.
FOREIGN TRADE :
MyBank is making its modest contribution in all kinds of Trade Financing Activities.
To meet the requirement of the importers, exporters and trading houses.
MY CAR :
Now the one you need is the one you can get
You can get any vehicle, you wish at a very affordable price.
Low Markup Rate. No Hidden Cost. Quickest Processing Time. Lowest Insurance Premium. Tracker Device is also financed.
MY DREAM HOME :
You don't need to be a MyBank customer. you have to do is just pick up the phone and call to our Call Center & Get results in 7 days.
Home loan up to Rs. 1 crore to buy or build home
Low Markup Rate. Life Insurance Coverage. Quickest Processing Time. Maximum Limit of Rs. 10 Million.
EASY CREDIT SCHEME :For Small
Traders• The financing is from
Rs. 10,000 to Rs. 100,000 without any collateral security.
Easy Credit Commercial
• Loan amount ranges from Rs.50,000 to Rs. 250,000 on just your signature.
Agriculture Financing Scheme :
Kushali-e –Kisan Agriculture : Sada Bahar Agricultural Finance Scheme Farm Mechanization Support Scheme
Tractor Scheme Farm Transport Scheme
MY ATM :
Products :
MY ATM MyBank ATM Cards are valid
throughout the country. MyBank ATM Card allows to
draw cash up to 20,000/- per day Instant withdrawal of cash. Balance Information. Mini Account Statement. Funds Transfer Facility from one
ATM Account to another Who can get the MyBank ATM
Card
Iram Waheed Khan M10MBA064
FINANCIAL HIGHLIGHTS :
FINANCIAL ANALYSIS :
Segment 2009 (,000) 2008 (,000)
Assets 35490705 39803003
Liabilities 30385841 33659935
Net Assets 5104864 6143068
FINANCIAL ANALYSIS :
Assets Liabilities Net Assets
0
5000000
10000000
15000000
20000000
25000000
30000000
35000000
40000000
20092008
INCOME ANALYSIS :
Segment 2009 2008
Net Markup Income 486316 811209
Net Markup Loss 1447495 772461
Non Markup Income 383758 942648
Non Markup Expense 1092775 931012
Loss Before Taxation 2156512 760825
Loss After Taxation 1639829 350293
Loss Per Share 3.09 0.79
INCOME GRAPH :
Net Mark
up Inco
me
Net Mark
up Loss
after
Provis
ions
Non Mark
up Inco
me
Non Mark
up Expen
se
Loss
Before
Taxa
tion
Loss
After Ta
xation
Loss
Per Sh
are
0
500000
1000000
1500000
2000000
2500000
20092008
Ratio Analysis :
Ratio 2009 2008
Current Ratio 0.61 7.6
Quick Ratio 0.61 7.6
Debt Ratio 0.071 0.11
Debt Equity Ratio 0.499 0.74
GRAPH FOR RATIO :
Current Ratio Quick Ratio Debt Ratio Debt Equity Ratio
0
1
2
3
4
5
6
7
8
20092008
Investment Analysis :
Investment Analysis :
Investments by types
2009 2008(,000) (,000)
Securities 10135046 10904077
Held-to-maturity 505847 514250
Total investment cost 10640839 11418327
Less: provision -619814 -410398
Investment (Net of Provision)
10021079 11007929
Surplus/deficit 16871 -712959
Total investment 10037950 10284970
Investment Graph :
Available for Sale Securities
Held-to-maturity Securities
Total investment cost
Less: provision Investment (Net of Provision
Surplus/(deficit) on revaluation
Total investment at carrying value
-2000000
0
2000000
4000000
6000000
8000000
10000000
12000000
20092008
SWOT ANALYSIS :
STRENGTHS:
Excellent Name
Secured Patents
Strong Brand Name
Online Banking
Varity of Products
WEAKNESSES:
No Islamic Banking
Less Branches
High Cost Strategies
Low Salary of Staff
OPPOURTUNITIES :
Unfulfilled Customer Need
Arrival of New Technology
Loosening of Regulations
Removal of International Trade Barriers
THREATS:
Over Economic Crises
Trade Barriers
Substitutes in Environment
Changing SBP Polices
PEST ANALYSIS :
POLITICAL FACTORS :
POLITICAL INSTABILITY
SAFETY REGULALTIONS
INSTABLE TAX POLICIES
GOVERNAMENT ATTITUDE
ECONOMIC FACTORS :Inflation Rates
Exchange Rates
Stages of Business Cycle
Govt. Spending
Economic Growth
SOCIAL FACTORS :
CONSUMER CONFIDENCE
LITRACY RATE
CONSUMPTION ORIENTED
TECHNOLOGICAL FACTORS :
Information Technology
Energy Crises
Govt. Spending
New Invention & Technology
RECOMMENDATIONS :
New BranchesHigh AdvertisementTechnology ImprovementsCustomer Trust Permanent Staff Strong Internal
ManagementReduce Service Charges
QUESTIONS :