Pg 21 misssion to be the leading private sector bank

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pg. 21
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Misssion: To be the leading private sector Bank in Pakistan with an international presence, delive ring quality services through innovative technology and effective human source management, in a modern and progressive organizational culture of meritocracy, maintaining high ethical and pro fessional standards, while providing enhance value to all our stakeholders and contributing to soc iety. Service Mission: To develop a committed service culture which ensures the consistent delivery of our products and services within the highest quality service parameters, promoting Islamic values an d ensuring recognition and a quality banking experience to our customers . pg. 22
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Corporate Objectives: Sustained growth and profitability High performance culture Customer service oriented culture Motivated employees To optimize use of technology Deliver timely solutions Strategic Planning: Comprehensively plan for future to ensure growth and profitability Facilitate alignment of vision and mission with goals Identify opportunities for profit Create and leverage strategic assets and capabilities <br /> For competitive adv antage. Structure of Organization: a) Structure Of Organization In Term Of Reporting Lines: In a Bank management play a vital role to achieve the predefine goals in a systematic m anner. Reporting can be horizontal or vertical in organization depend on culture or nature of orga nization. In Askari Bank Board of Director comprises Chairman and directors which lead the Exe cutive Committees and presidential authorities. Secretary assists the Board of Director . Bord : Board of director comprises of chairman and board members as follows: Executive Committee Audit Committee President and Chief executive Audit Committee: Audit Committee is responsible for internal control, produce annual reports and report to th e Executive committee. During audit finding of any concern Committee will put reference to boa pg. 23
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rd and suggest compliance rules & regulations . Country Head & Inspection Division : Country Head & Inspection division responsible for internal control from inspection divisio n internal auditor visit branch and make sure that rules & regulations follow. eg. For account opening what documents are essential if any document miss then directed to th e concern person. In similar fashion other departments can be check. Country head and inspection division report to audit committee which report to executive co mmittee and finally report to board of director. Risk Management : Risk management comprise of Chief Risk officer which monitor all activities of three departm ents as follows: • Risk Management Division • Credit Administration division • Information Security Division Risk Management Division is leading by Country Head and he responsible for risk management before loan approve risk measure and bestow to the chief Risk officer.
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  • Spring '18
  • Professor Jhons
  • ........., Askari Commercial Bank Limited

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