The Profits Of The Mcb Bank Pakistan Finance Essay - Free Essay Example

Sample details Pages: 4 Words: 1146 Downloads: 4 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? MCB is amongst the oldest banks of Pakistan. It was amid those isolated banks to be nationalized in 1974 later it was assimilated in 1947. Nationalization had an extreme effect on its presentation and performance as it exaggerated the superiority of loan collection and services. Don’t waste time! Our writers will create an original "The Profits Of The Mcb Bank Pakistan Finance Essay" essay for you Create order Ultimately, it was denationalized in 1991 and is presently maintained by the Mansha group. Post privatization, MCBs importance has been on violent cost reduction. MCB has a set-up of over 1000 branches crossways in Pakistan, of which, round 750 branches are automated. The bank offers countless services to its consumers counting personal, virtual and Islamic banking and also corporate banking as well and other services which they have. In this speedy expanding banking sector, MCB has been executing well to compete with its competitors. MCB takes the Best Bank of Pakistan award in 2001 to 2006 for the 5th time. Banking sector overview: The banking organization, as an entire, remains healthy despite the economy profitable through a period of having trouble. The banking area immersed the build-up of nonperforming loans in the organism while sustaining profitability and strong balance sheets. Greatly of the credit for this necessity go to the Central Bank for the policies it has followed over the last decade to confirm that banks are sufficiently capitalized and observe to prudent risk management. Recent performance Profitability Banks Profit after tax grew by 1.6% ADRto 181.025 million U.S. dollars as compared to the last year. The bank will sustain its profitability in coming time according to analysis. 16% increase in net interest income to 331.883 million U.S. dollars as compared to FY07 of 285.042 million U.S. dollars. Interest incomes this year is however 29% higher than previous years but on the other hand 37% increase in interest expense is also recorded owed to increase the rate minimum of 5% arrival on deposits to the bank. Income is other than interest income decrease by 1.1% although industry benchmark is growing 21%. This year major decrease in evident in dividend income, gai on the sale of securities and income from foreign currencys this is because of instability in stock market in previous months. Wages this year was higher due t o growing inflation in country. Return on assets ratio (ROA) is 3% as compared to industry benchmark of 2.10% this show that bank is more profitable than other competitors. Return of Equity is 22% as compared to 17.4% of an industry average. This is the positive sign for shareholders that ROA and ROE are higher than industry average. Return on Deposits (ROD) is 4% whereas industry average is 6.2% hence the bank is trying to achieve this by different products and services. Investment is 73.6% upward at the year of 2009 to 1.947 billion U.S. dollars as compared FY 08. ÂÂ  The Advances and lending on downward is by 3.5% and 26% respectively MANAGERIAL EFFICIENCY MEASURES: LIQUIDITY in line Deposits of the bank increased by 11.3% to reach 4.283 billion U.S. dollars in FY09 as compared to industry benchmark of 10%. almost 100% increase in borrowings from other institution to 5.204 billion U.S. dollars as compared to FY08 last year bank introduces some unique long term deposits scheme to the liquidity related risk by analysis we have seen that earning assets yield has shown rising trend. ÂÂ  However central bank has implemented policy that every bank must pay minimum deposit of 5% added to more to cost of asset but bank returning in higher profits it is a very good signal for shareholder that the bank is utilizing its resources efficiently. by analysis we have seen that earning assets yield has shown rising trend. ÂÂ  However central bank has implemented policy that every bank must pay minimum deposit of 5% added to more to cost of asset but bank returning in higher profits it is a very good signal for shareholder that the bank is utilizing its resources efficiently. The ADR of the bank raised at 74% related to industry benchmark of 71.5%. Over many years we see changes in the proportion of advances. Long-term loans are more of the total share by banks to mobilize long term funds to contest the maturities date of different funds. Earning assets ratio is about 82.5% showing an increase of 1.2% of the last year and the advance to deposit ratio is decreased due to growth in bank deposits and decline in short term and long term loans thus ultimately increasing the liquidity of the bank. MCB management is making more revenues from the usage of its asset in previous year and its asset quality analysis will improve in coming years as compared to past years. GEARING: the MCB bank is showing improvements in recent market by recent years and solvency position is stronger than previous. The bank is also increasing its value and equity mainly the solvency condition for the industry as an entire has expose d which is marked development in current years initiated by increasing profitability and additional inflows of capital. MCB Bank has made efforts to reduce its debt dependency as finance source. The assets base and equity has been increasing as compared to debt. However, 87% of the assets are debt financed through debt, in addition, debt to equity ratio suggests a recovery upside and ultimately increases credit rating up to AA+ short term and A1+ as in long term. SHARE HOLDER INTREST: the cash dividend per share was 0.128 U.S. dollars compared to 0.133 U.S. dollar of last year. The Dividend Income (DPS as a ratio of price) reduced to an advanced increasing in market value of the scrip. The dividend attention ratio was virtually the similar as the last year, the EPS and DPS this year were new or less equivalents. The P/E ratio of the company improved 73% to 9.8 as equated to 5.66 of FY08. This was because of the highest share price of the scrip throughout the year of 2.55 9 U.S. dollars equated to 1.465 U.S. dollars of last year. For similar reason is applied to the higher Market-Book worth ratio, which increased to 2.49 and compared to 1.66 in FY08. Future viewpoint MCB is succeeding a multi-pronged idea, where important features are as follows: It purposes to be the best leader in transactional convenience. To get top of the market share, the bank surely continue to invest substitutes channel imbursement capabilities and services as well as receiving a superior share of transaction ambitious businesses like remittances, cash, management and ÂÂ  payroll and trade. Continuance of investment in branches is to make variety of them additional sales and service-oriented. Concluded introduction of new sales and service models, supported transaction processing and important in leading financial products menu, the bank seeks to accomplish this ambition. In addition to the central focus on figure, midmarket and corporate sections, the ban k will endure down the pathway of further section ting our customer wants and emerging focused customer schemes, principally in privilege, Islamic and SME. Lastly, controls and efficacy is dominant to the banks presence and existence. It will shape stronger controls, develop unit costs culture and usually be on topmost of the game.

An Eye For An Eye Expression - Free Essay Example

Sample details Pages: 2 Words: 644 Downloads: 10 Date added: 2019/04/01 Category Literature Essay Level High school Tags: Odyssey Essay Did you like this example? The common expression an eye for an eye makes the whole world blind. This refers to the Odyssey and O Brother, Where Art Thou because in both the main characters make decisions that harm them or the people around them. Some of the more thought about topics of the Odyssey are hospitality, loyalty, and vengeance. Don’t waste time! Our writers will create an original "An Eye For An Eye Expression" essay for you Create order All these themes tie into the stories. Both the story and the movie are about the journey to get back to their family and get their wives back. Ulysses’ and Odysseus’ journeys were similar but there were clear differences. Oh Brother, Where Art Thou took place in America and the Odyssey took place in Greece. In Greece they are very welcoming to guests and when they have strangers come to the door they feed them and give them somewhere to rest. As in the Odyssey one example of bad hospitality is when Odysseus and his men went to Polyphemus’ cave, the men thought that they would be welcomed in and get to feast. But they were mistaking, because when the cyclops was hungry he would just grab two of the men and eat them whole. In the Odyssey there was also a good example in hospitality, the lotus eaters. When Odysseus and his men arrived on the island they were welcomed and got a treat right away. Although this treat, the lotus, would distract them from their real goal the lotus eaters were very welcoming. Another big lesson to be learned from the stories is loyalty. Loyalty was a big part of these stories. In Oh Brother, Where Art Thou Pete and Delmar were loyal to Ulysses’ until they found out that there was no treasure. They were furious at Ulysses. They were also mad because Ulysses only wanted their help to break out because he wanted to get back with his wife. In the Odyssey there were many loyal people to Odysseus, Penelope and all the men who went to Troy with him. The men were loyal to Odysseus because when Odysseus was getting them in trouble with monsters and gods the men kept following him. Penelope was loyal to Odysseus throughout the whole story. She was having a hard time keeping the suitors at bay while Odysseus was away. Throughout the story Odysseus knew who to keep around him and knew who to trust. But when he heard about all the suitors trying to kill his son and trying to marry his wife he was furious. Vengeance was one of the most action packed themes in the stories. In the Odyssey at the end of the story when Odysseus gets back to Ithaca. When he got back he was dressed up as a beggar and when Penelope had the competition, to string Odysseus’ bow and shoot an arrow through 12 axe heads, to find a new husband. None of the suitor were able to string the bow, but when it was Odysseus’ turn he was able to string the bow and make it through all the axe heads. So he won, but he was still angry about the suitors trying to kill his wife and marry his wife. So he traped everyone in the room and killed all the suitor with help from his son Telemachus. Another example is when the cyclops was devouring his men so he stabbed the cyclops in the eye. He did this for vengeance and to get out of the cave they were trapped in. Odysseus was a leader that you would not want to go against or disrespect. The decisions that the characters of both stories, affected them and the people around them. The ideas of hospitality, loyalty, and vengeance were expressed on a large scale in both stories. Overall, the expression an eye for an eye means when you punish someone you will be injured or penalized to a similar degree.

Use of Symbols in Yeatss Work, A Vision Essay - 3300 Words

Use of Symbols in Yeatss Work, A Vision In his 1901 essay Magic, Yeats writes, I cannot now think symbols less than the greatest of all powers whether they are used consciously by the masters of magic, or half unconsciously by their successors, the poet, the musician and the artist (p. 28). Later, in his introduction to A Vision, he explains, I put the Tower and the Winding Stair together into evidence to show that my poetry has gained in self possession and power. I owe this change to an incredible experience (Vision p.8). The experience he goes on to relate is the preliminary stage of the composition of the work itself. In A Vision, however, Yeats exhibits his poetic power as well, along with his knowledge of†¦show more content†¦He then adds numbers to the symbol, corresponding to the phases of the moon, and is able to use them to designate every possible action of thought or life. He places these in a circular shape. The whole system, Yeats writes is founded upon the belief that the ultimate reality, sy mbolized by the sphere, falls in human consciousness... into a series of antinomies (Vision p. 187). The Byzantium poems are a prime example of the antinomies at work in the individual mind of man. In many of his poems, Yeats idealizes Byzantium, as a symbol of unity in spiritual and everyday life. He writes I think that in early Byzantium, maybe never before or since in recorded history, religious, aesthetic and practical life were one, that architect and artificers... spoke to the few and the multitude alike. The painter and the mosaic worker, the worker in gold and silver, the illuminator or sacred books, were almost impersonal, almost perhaps without the consciousness of individual design, absorbed in their subject-matter and that the vision of a whole people (Vision p. 279). Sailing to Byzantium expresses Yeats longing to become a part of Byzantine art, to return to life as a golden bird, who transcends the temporality of the natural world. However, he isShow MoreRelatedAnalysis on To Ireland in the Coming Times1608 Words   |  7 Pagesintroduced him to automatic writin g and from there he was able to write â€Å"A Vision† (1925). In 1922 Yeats received an honorary degree from Trinity College in Dublin, at this time the Irish civil war had started. That same year he was given a seat in the Irish senate, where he remained for 6 years before resigning due to failing health. The following year in December of 1923 Yeats was awarded the Nobel Prize for his literary works. In 1939 on January 28th at the age of seventy-three Yeats died. Yeats legacyRead More The Feminine in William Butler Yeats Poetry Essay1716 Words   |  7 Pagesmany different and multi-layered levels. The mentions of women in his work gives the readers some historical content as well as show the development of his feminine idea. As different as his many relationships with women were, so was his reflection of them in his writing. Yeats took people he knew and transformed them into images and patterns of order (Unterecker 12). In this case, it is important to notice Yeatss use of biography within his poetry. In 1889, Yeats was introduced to MaudRead MoreAnalysis Of A Prayer For My Daughter1299 Words   |  6 Pagesgreatest of mankind Consider most to magnify, or to bless, But take our greatness with bitterness? (Yeats 110). As David A. Ross writes in his book, Critical Companion to William Butler Yeats: A Literary Reference to His Life and Work, ancestral houses were â€Å"perpetual symbols of tradition, ceremony, and aristocratic strength of character† (Ross 45) for Yeats. 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If, on the other hand , we see the tower as a phallic symbol, it has become impotent. posted by:Kurdish guy, B.A.M From college of language(Hawler)2010. As Yeats matures in life, the focus goes from what the wotld is doing and what he can do. In other words, he focuses on the meaning of his life, this is shownRead More Comparing T S Eliots The Wasteland and William Butler Yeats The Second Coming2980 Words   |  12 PagesS. Eliots The Wasteland and William Butler Yeats The Second Coming       World War One fundamentally changed Europeans perspective on man. Before the war they believed that man was innately good, after it people were disenchanted with this vision of man. Both Thomas Sterns Eliot and William Butler Yeats keenly felt this disenchantment, and evinced it in their poetry. In addition to the war, Eliot and Yeats also saw the continuing turmoil in Europe, such as the Russian Revolution and the IrishRead MoreYeatss Interest in Rhythm2333 Words   |  9 Pagesand asleep, which is the one moment of creation, by hushing us with an alluring monotony, while it holds us waking by variety, to keep us in that state of perhaps real trance, in which the mind liberated from the pressure of the will is unfolded in symbols. (W.B. Yeats) What light does this comment of Yeats’ shed on his poetry? Feel free in your answer to concentrate on poetic devices other than rhythm if you prefer. Yeats’ interest in rhythm was deeply tied to the notion of the sound of the earthRead MoreEssay about An Analysis of Yeats The Second Coming1825 Words   |  8 Pagesreading of the poem, combined with some simple genetic work, shows that Yeats saw the new order as a reign of terror haunted by war. The Second Coming, in its entirety, is an astounding encapsulation of Yeats idea of the gyre and his fears about the future of mankind; it is expertly woven with threads of prophetic literary reference and impressive poetic techniques. To begin, the gyre, a spiral or repeated circling motion, is a symbol and a concept that Yeats used repeatedly in his poetry andRead MorePoems with Theme with Life and Death and Their Analysis8446 Words   |  34 Pagesnoteworthy are studied and analysed in terms of themes. Different opinions of different poets on life and death found in their poems are also presented and contrasted in this paper. This paper will be of use and help to the learners of English. Introduction: To many, Death creates uncertainty and fear. It seems we shall never meet again. But the poets remind us of the essential truths of life, death and immortality. In herRead MoreA Picatrix Miscellany52019 Words   |  209 Pagesâ€Å"A Vision:† The Arab Mansions of the Moon On Ritual and Talismans Picatrix Astrological Magic Aphorisms Extracts on Planetary Ritual Clothing Twenty Two Benefic Astrological Talismans Astrology, Magical Talismans and the Mansions of the Moon Ritual of Jupiter An Astrological Election of Mercury in the First Face of Virgo for Wealth and Growth XIV. Invocation of Mercury On the Decans and Tarot XV. XVI. XVII. XVIII. A Brief History of Tarot The Decans in Astrology Overview of Recent Tarot Works That

Banking Procedure free essay sample

. A bank is a financial institution which deals with deposits and advances and other related services. It receives money from those who want to save in the form of deposits and it lend it to others. Functions of Commercial Bank Primary Function: The primary functions of bank are also knowns as banking functions . They are the main functions of a bank. Accepting Deposits   An persone can open an saving account by keeping a minimum deposit amount. Procedure Following documents to open a bank account: 1. Address proof . Identity proof 3. Photograph 4. Introducer For address and Id proof you can use your driving license or passport or ration card. Most banks expect you to bring a friend or relative who already has an account with the bank as a gesture of trust.   Any sane major person or a firm which can enter into contract can open an account with a bank. The following formalites are requires to be completed before a current or profit and loos sharing account is opened in a bank. First of all the person who is desirous of opening an account with the bank has to filling in the account opening form . The applicant writes his name, address, occupation and the amount to be deposited in the form. The applicant has to declare in the form that he shall comply with the bank rules. , which are in force from time to time the conduct of the discount. The prospective customer is to provide his introduction to the bank either from the old customer of the bank or from persn known to the bank. The introducer or reference verifies the integrity, character, honesty and goodwill of the intending customer on the application form. When the banker is satisfied about the integrity of the customer he then agrees to open his account. Visit the bank for opening account to make the deposit. If account is there it is easier to open the FD else we need address and indentity proof. So we have to fill the form for keeping deposit and pay the money to cashier. RD The bank will provide the form , we have to fill the form and pay the money at bank teller counter. Once done bank officals will give a small passbook for RD with days date and amount paid up. Every monthe we need to go to bank to pay the RD amount. Granting of Loan and Advances The bank advances loan to the business cimmunity and other members of th public. The bank loans and advances include Overdraft It is given to current account holders A certain amount is sanctioned as overdraft which can be withdrawn within a certain period of time say 3 months Interest is charged on actual amount withdrawn An overdraft facility is granted against a collateral security. The client is allowed cash credit upto a specific limit fixed in advance. It can be given to current account holders and to others who do not have a current account with the bank Separate cash credit account is maintained. Discounting of Bills of Exchange The bank can advance money by discounting or by purchasing bills of exchange both domestic and foreign bills, The bank pays the bill amount to the drawer of the bill by deducting usual ‘discount’ charges. Investments The bank invest a part of the deposit money in bonds, debentures and other securities. Investment is profitable areas brings good returns to the bank. Secondary Functions The bank acts performs a number of secondary functions, also called as non banking functions. The importance secondary functions are as follows. Agency functions The bank acts an agent of its customers. Transfer of funds : The bank transfers funds from one branch to another or from one place to another. Collection of Cheques: The bank collects the money of the cheques through clearing sections of its customers. The bank also collects money of the bills of exchange. Periodic payments; On standing instructions of the client, the bank makes periodic payments in respect of electricity bills, rent, etc Portfolio Management Large banks undertake to purchase and sell the shares and debentures on behalf of its clients and accordingly debits or credits the account. This facility is called portfolio management. Periodic Collections The bank collects salary pension, dividend and such other periodic collections on behalf of the client. Other Agency Functions It acts as trustees, executors, attorney and administrators on behalf of its clients. General Utility Functions Issue of Drafts, L. CS etc Bank issue drafts for transferring money from one place to another. It also issues letter of credit, especially in case of import trade. It also issues travellers cheques. Locker Facility : The bank provides a locker facility for the safe custody of valuable documents, gold ornaments, and other valuables. Underwriting of Shares: The bank underwriters shares and debentures through its merchant banking division. Dealing in Foreign Exchange: The commercial banks are allowed by RBI to deal in foreign exchange. Project Reports: The bank may also undertake to prepare project reports and feasibility studies on behalf of its clients. Capital Deposit Ratio: In some countries banking rules do not permit commercial banks from accepting primary deposits of more than a certain multiple of the paid up capital. This limitation is imposed for increasing the accountability of bankers and preventing misuse of funds. If the paid up capital is low, the deposits with the bank will be low, and therefore credit creation capacity will be low. Liquidity Preference of Public If the public do not want more money, banks can not create more money. Bank money is created only if there are borrowers. If the public preference is for non monetary assets, banks will remain as silent spectators Leakages If a cheque is not deposited immediately, a secondary deposit is not created. In India one can keep a cheque upto six months during which no money will be created. Similarly it takes many weeks and some times months for collection and realization of cheque due to poor interbank communication set up. This problem is now being solved by some banks due to introduction of core banking facilities. The amount of commission and collection charges levied by bank also represent leakages. Monetary Policy Monetary policy of the central bank imposes severe limitations on commercial banks. Banking Terms heckswritten orders to a bank to make payment against the depositors funds in that bank accounts receivablethe short-term debts owed to your company by the others, such as its customers endorsementa signature or instructions, stamped or written on the back of a check deposit slipa form used to record cash and checks to be added to a bank account lockboxa postal address maintained at the companys bank to collect payments accounts payablerefers to the short-term debts your company owes to others.