Final Project
Of
Strategic Finance
On
Big Five Banks of Pakistan
Submitted to: M. Sarfraz Khan
Submitted by: Adnan Arshad (151756) MBA(1.5 Yrs)
01-02-2016
Institute of Management Sciences (Pak-AIMS)
Big Five Banks of Pakistan’s are:
1. National Bank of Pakistan (NBP)
2. Habib Bank Limited (HBL)
3. Muslim Commercial Bank (MCB)
4. Allied Bank Limited (ABL)
5. United Bank Limited (UBL)
These are banks are listed on Pakistan Stock Exchange Limited (PSX)
Short Introduction of these Banks
NBP is one of the largest commercial bank operating in Pakistan.NBP was establish in 1949 under the Ordinance of 1949 and was government-owned bank. NBP acted as an agent bank of the wherever the State Bank did not have its own branch. NBP has built branch network of 1400+ branches in Pakistan and operates in major business centre worldwide. The domestic branch network has been automated and is online. The Bank has representative offices in Beijing, Tashkent, Toronto and Chicago. It has agency arrangements with more than 3000 correspondent banks worldwide. NBP Opened a subsidiary in Tajikistan, Dushanbe, and Bank’s joint ventures are First Investment Bank, United National Bank (UK) and NAFA, which is an Asset Management Company (a joint venture with Fullerton Fund Management of Singapore & NIB Bank)
HBL established in Pakistan in 1947 and moved its HQ to city of Karachi. Their first international branch was established in Colombo, in 1951 and Habib Bank Plaza was built in
Henry Wells and William Fargo became respected businessmen by transporting goods and becoming a bank. In 1849, with gold being found out west, many people needed to ship things cross-country. Henry wells and William Fargo took advantage of this opportunity. The two of them combined their company with several other pony expresses to become an unrivaled leader in transportation to the west (History.com Staff). Once the Continental Railroad was completed Henry and William had an easier time creating a monopoly on shipping goods to the workers and residents of the west (History.com Staff).
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While Wells Fargo has its own strategy to overcome its crisis (Thorne, 2011, p. 65), here are three alternatives to address its issue. The first alternative for Wells Fargo is to have a change in the corporate culture. The first step is to make sure that the board of directors, the president, and senior management have the ability and willingness to make ethical decisions, which should benefit the stakeholders. To guarantee this, the high-ranking personnel should go through an ethical decision-making training. The second step is for Wells Fargo to revise its codes of conduct.
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I would frame the banking as an industry that is built on trust. Trust that is reaffirmed by the governments, and regulators. Banks have an imperative role in our economic growth, and development. Correspondingly, without the bank industry, there is no industry to replace them as the conduit for social and economic policy. Equally important, there is no industry to replace them as the key performer in creating our economies multiplier effect.
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Q#1 Service delivery prior to Retailtainment Since beginning they were striving for no more me too bank. They were always putting their customers in the center; however keeping the customers happy was always their top concern. To do so, they were educating their employees and giving them training to make sure the deep commitment to WOWing customers, through rewards and compensation system. Their main objective was to always give a best experience to their customers every time they visit to the bank and exceed their customer's expectation. To achieve this, they were referring their branches as a retail store such as Starbucks, where people are ready to pay much higher amount for a cup of coffee because of the retail experience.
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