A Review On SMEbank

[Gamechanger2020]

SMEbank

Introduction:-

The SME Bank was formed and incorporated as a public limited company under the Companies Ordinance 1984. The Government of Pakistan is the major Shareholder of the bank. As part of financial sector restructuring program of Government of Pakistan, Regional Development Finance Corporation (RDFC) and small Business Finance Corporation (SBFC) were amalgamated into SME Bank Ltd effective January 1, 2002.

Vision :-
We will be the leading institution for providing financial assistance for the development and support of Small and Medium Enterprises (SMEs) in Pakistan.
We will respond to the needs of Small and Medium Enterprises by providing them with necessary financial assistance and business support services in the form of short to long term funds.

Mission:-
TO SUPPORT AND DEVELOP THE SME SECTOR BY PROVIDING NECESSARY FINANCIAL AND TECHNICAL ASSISTANCE ON A SUSTAINABLE BASIS.
TO ENABLE THE SME SECTOR TO CONTRIBUTE TO ECONOMIC DEVELOPMENT THROUGH VALUE ADDITION AND EXPORTS.
PROMOTE ENTREPRENEURSHIP AND CREATE EMPLOYMENT OPPORTUNITIES.

[Gill1]

Samba bank



INTRODUCTION:

Samba Financial Group SJSC, formerly known as The Saudi American Bank, is a Saudi multinational banking firm based in Saudi Arabia. The combined institution had 66 branches in the Kingdom.
Its international operations consist of a branch each in London, Qatar and Dubai, as well as a subsidiary that has 40 branches across major cities in Pakistan. The company dates back to 1955. After a partial nationalization program by the Saudi government, Citibank owned a 40% stake in the company in 1980, but sold its remaining interest in 2004.
Samba and NCB planned a mega-merger worth 15.3 billion dollars. The merger would result in creation of Persian Gulf's third largest bank after Qatar National Bank and First Abu Dhabi Bank

HISTORY:

Samba, or The Saudi American Bank as it was once known, was established on 12 February 1980 with the takeover of Citibank branches in Jeddah and Riyadh in accordance with a Saudi requirement that forced all foreign banks to be at least 60% owned by Saudi nationals.Citigroup entered a Technical Management Agreement under which it agreed to manage the new bank. The former Prime Minister of Pakistan, Shaukat Aziz, was the Managing Director of the bank in the 1990s.
First National City Bank (Citibank) opened its Jeddah branch in 1955, and its Riyadh branch in 1966. Citibank created SAMBA, in which it took a 40% share, to take over its branches in Saudi Arabia, pursuant to a Royal Decree on February 12, 1980. In 1985 SAMBA opened a branch in Istanbul that it closed after 1994, and at one point maintained a subsidiary in Geneva and a representative office in Beirut. In the late 1980s SAMBA opened a branch in London.

[Pak3000]

Bank of Queensland

Introduction:
The Bank of Queensland (branded BOQ) is an Australian retail bank with headquarters in Brisbane, Queensland. The bank is one of the oldest financial institutions in Queensland, having begun as a building society, It now has 160 branches throughout Australia, including 65 corporate branches and 95 "owner managed" branches.In 2007, customer satisfaction with the bank was placed at 88%

History:
A Bank of Queensland was established in 1863. It collapsed in 1866 closing its doors in the severe financial depression known as the Panic of 1866. Another bank took the same name in 1917 but disappeared into the
National Bank in 1922.

Staff members of the Bank of Queensland, Brisbane, 1922

The history section of the website of the current Bank of Queensland only goes back as far as 1874. It claims that the Bank of Queensland was established then. The Brisbane Permanent Benefit Building and Investment Society was incorporated in 1887. It amalgamated with City and Suburban Building Society in 1921 and with Queensland Deposit Bank a decade later. It remained a savings bank cum building society until a trading bank licence was obtained in 1942 in the name of Brisbane Building and Banking Company.

Involvement with Storm Financial:
In 2010, it was found that one of the Townsville branches of the Bank of Queensland was giving loans to clients of the collapsed Storm Financial.Australian Securities and Investments Commission undertook compensation suits on behalf of Storm Financial clients against the BOQ.

Awards:
BOQ was inducted into the Queensland Business Leaders Hall of Fame in 2014, in recognition of its excellence in providing banking services to Queensland for over a century and its continuing expansion nationally.

[Gill1]

Summit Bank

INTRODUCTION;

Summit Bank is a Pakistani retail bank, which is a subsidiary of Suroor Investment and is in Karachi, Pakistan.A Mauritius investment company. It has a network of 193 branches across the country.

HISTORY;

In 2007, Arif Habib Securities Limited acquired Pakistan Operations of Rupali Bank Limited under the Scheme of Amalgamation by the State Bank of Pakistan.

In 2010, Suroor Investments Ltd. acquired 59.41% stake in Arif Habib Bank Ltd. Suroor Investments is an investment firm based in Mauritius. Later in 2010, Arif Habib Bank Ltd. was rebranded under the name of Summit Bank Ltd.

Suroor Investments Ltd. acquired majority shares of Atlas Bank Ltd. and MyBank Ltd.and these banks were later on came under the umbrella of Summit Bank Ltd. increasing the network of the bank to over 193 branches in the country.

[Pak3000]

Bank Alfalah

Headquartered in Karachi, Bank Alfalah is a private bank owned by Abu Dhabi Group. Founded in 1992, the bank commenced banking operations in 1997. It provides banking and financial services to consumers, corporations, institutions, and governments in Pakistan, the Asia Pacific region, and the Middle East. It operates through Retail Banking, Corporate Banking, Treasury, Consumer Banking, Islamic Banking, International Operations, Retail Brokerage, Asset Management, and Others segments.
As of December 31, 2016, the bank operated 475 conventional banking branches, including 18 sub-branches, 10 overseas branches, 153 Islamic banking branches, and an offshore banking unit.
As of 2016, the bank’s total assets amounted to US$8.29 billion and net profit reached US$71.42 million.

[Pak3000]

China Construction Bank

China Construction Bank Corporation (CCB) is one of the "big four" banks in the People's Republic of China. In 2015 CCB was the 2nd largest bank in the world by market capitalization and 6th largest company in the world.The bank has approximately 13,629 domestic branches. In addition, it maintains overseas branches in Barcelona, Frankfurt, Luxembourg, Hong Kong, Johannesburg, New York City, Seoul, Singapore, Tokyo, Melbourne, Kuala Lumpur, Sydney and Auckland, and a wholly owned subsidiary in London. Its total assets reached trillion in 2009. Its headquarters is in Xicheng District, Beijing.

History:

China Construction Bank, Beijing

China Construction Bank, Hong Kong

China Construction Bank in Hangzhou

China Construction Bank Luxemburg

CCB was founded on 1 October 1954 under the name of People's Construction Bank of China and later changed to China Construction Bank on 26 March 1996.

In January 2002, CCB Chairman Wang Xuebing resigned from the bank after being charged with accepting bribes while he was employed with Bank of China; he was sentenced to 12 years in prison. In March 2005, his successor, Zhang Enzhao, resigned for "personal reasons". Just prior to his resignation, he had been charged in a lawsuit with accepting a US$1 million bribe. He was later sentenced to 15 years in jail in connection with the case.

[Akhterp]

Bank of Maharashtra


Bank of Maharashtra is a major public sector bank in India. The Government of India holds 87.74% of the shares.The bank had 15 million customers across the country with 1,897 branches as of 5 April 2016. It had the largest network of branches of any public sector bank in the state of Maharashtra

History:
The bank was founded by V. G. Kale and D. K. Sathe in Pune, India.

The bank was registered on 16 September 1935 with an authorized capital of US$1 million and became operational on 8 February 1936. It provided financial assistance to small business and gave birth to many industrial houses. After nationalization in 1969, the bank expanded rapidly.[citation needed]

Narendra Singh, who assumed the office of Chairman and Managing Director from 1 February 2012, retired on 30 September 2013 and was succeeded by Sushil Muhnot and Ravindra Prabhakar Marathe respectively. A.S. Rajiv became Managing Director and CEO on 1 December 2018.

[zahid2016]

The company dates back to 1955. After a partial nationalization program by the Saudi government, Citibank owned a 40% stake in the company in 1980, but sold its remaining interest in 2004.
Samba and NCB planned a mega-merger worth 15.3 billion dollars. The merger would result in creation of Persian Gulf's third largest bank after Qatar National Bank and First Abu Dhabi Bank

Samba, or The Saudi American Bank as it was once known, was established on 12 February 1980 with the takeover of Citibank branches in Jeddah and Riyadh in accordance with a Saudi requirement that forced all foreign banks to be at least 60% owned by Saudi nationals.Citigroup entered a Technical Management Agreement under which it agreed to manage the new bank. The former Prime Minister of Pakistan, Shaukat Aziz, was the Managing Director of the bank in the 1990s.

In January 2002, CCB Chairman Wang Xuebing resigned from the bank after being charged with accepting bribes while he was employed with Bank of China; he was sentenced to 12 years in prison. In March 2005, his successor, Zhang Enzhao, resigned for "personal reasons". Just prior to his resignation, he had been charged in a lawsuit with accepting a US$1 million bribe. He was later sentenced to 15 years in jail in connection with the case.

[Akhterp]

Bank of Baroda

Introduction:

Bank of Baroda (BOB) is an Indian multinational, public sector banking and financial services company. It is the third largest public sector bank in India, with 131 million customers, a total business of US$218 billion, and a global presence of 100 overseas offices. Based on 2019 data, it is ranked 1145 on Forbes Global 2000 list.

The government of India announced the merger of Bank of Baroda, Vijaya Bank and Dena Bank on September 17, 2018, to create the country's third largest lender. The amalgamation is the first-ever three-way consolidation of banks in the country, with a combined business of Rs14.82 trillion (short scale), making it the third largest bank after State Bank of India (SBI) and ICICI Bank.

The Maharaja of Baroda, Maharaja Sayajirao Gaekwad III, founded the bank on 20 July 1908 in the Princely State of Baroda, in Gujarat.[The Government of India nationalized the bank, along with 13 other major commercial banks of India on 19 July 1969; the bank has been designated as a profit-making public sector undertaking (PSU).

History:

In 1908, Maharaja Sayajirao Gaekwad III, set up the Bank of Baroda (BoB),with other stalwarts of industry such as Sampatrao Gaekwad, Ralph Whitenack, Vithaldas Thakersey, Tulsidas Kilachand and NM Chokshi.[9] Two years later, BoB established its first branch in Ahmedabad. The bank grew domestically until after World War II. Then in 1953 it crossed the Indian Ocean to serve the communities of Indians in Kenya and Indians in Uganda by establishing a branch each in Mombasa and Kampala. The next year it opened a second branch in Kenya, in Nairobi, and in 1956 it opened a branch in Tanzania at Dar-es-Salaam. Then in 1957, BoB took a big step abroad by establishing a branch in London. London was the center of the British Commonwealth and the most important international banking center. In 1958 BoB acquired Hind Bank (Calcutta; est. 1943), which became BoB's first domestic acquisition.