Bank Report
Bank Report
I am intend to write what I have sensible in my practical attachment instance was in nib
international bank of Ethiopia bethel branch under local transfer service division for 45 days.
When I am here I got the chance to see what the procurement division process or activity and the
impression detail on local transfer and the highlight of organizational activity.
Nib international bank of Ethiopia is one of the most popular private banks which are found in
almost overall the countries of the region. And it consists of vast employees when considering
with other private banks which are now present in the country.
Nib international bank of Ethiopia bethel branch is the title of my organization which I have
worked on it. Conducting of this practical attachment has a great value for nib international bank
of Ethiopia bethel branch in its development and enhancement of quality banking service.
ACKNOWLEDGMENT
I wish to express my sincerity thanks to nib international bank of Ethiopia bethel branch/
department or division manager Ato Nigatu Alachew and customer service manager Ato
Yirsaw Kassahun for their free will and volunteer in permit me to carry out my practical
attachment in -their office.
I would also like to thanks the economics department to provide me with enough budgets in
financial side in accordance with school of business by the name of economics department head
Ato Nigatu in addition to the guideline they give for economics department students.
ACRONYUMS
ID---------------------Identification card
IT----------------------Information technology
BODS-----------------Board of directors
VP---------------------vice president
Abstract----------------------------------------------------------------------------------------------------
Acknowledgment----------------------------------------------------------------------------------------
Acronyms---------------------------------------------------------------------------------------------------
1. Organizational report
1.4 The extent of the office to realize its vision and mission -----------------------6
2. Activity report
3. Attachment evaluation
It is headquartered in Addis Ababa and operates a network of 48 branches, providing extensive coverage
throughout the country. NIB employs a workforce of about 1,700 people and serves more than 181,000
customers.Among the banks in Ethiopia, NIB bank emerges to be a competitive one. It was the 6 th private
bank in Ethiopia.
NIB bank stands for-(Bank Identification Number). This number identifies accounts in all the National
Inter-banking operations. IBAN is the international number of banking account that identifies the number
of current account for international transference.
In 2010, NIB had the largest market share of loans to the Ethiopian agriculture sector, proving nearly 29%
of all lending by private banks. Also, with 6% of its lending allocated to agriculture, NIB had the highest
share of total loan portfolio dedicated to the sector.
NIB is owned by 3,316 shareholders, of which Nib insurance company S.C. (6%), moplaco trading Co.
Ltd. (4.6%), and Mr. Seid Hussein Ali (2.1%) are the three largest. The bank’s board of directors is
comprised of 12 Ethiopian nationals who are responsible for formulating strategy and approving major
policies and risk limits.
1
1.2 Main Products Of NIB International Bank
1.3.1 cheque
Customers of NIB International Bank who are subscribed to the internet banking services
can manage cheque online. The cheque includes;
MOCASH: general information about your own account. It can have mini bank
statements,which contain the latest five transactions.
Self-Fund Transfer
Loans
1.4.1 VISION
To become an icon of excellence
We are committed to maximizing share holders values.
To become the leading commercial bank in ethiopia
1.4.2 MISSION
We are committed to provide customer focused, efficient and effective full-fledged
commercial banking services by utilizing qualified, honest and motivated staff and state-of-the-
art-technology and thereby optimize stakeholders’ interest.
1.4.3 Values
Loyalty;
Transparency;
Accountability;
Social responsiveness;
Organization excellence;
Prudent and professional banking practice and competitive service & sustainable
growth.
1.5 Objectives And Goals Of NIB Bank
1.5.1 OBJECTIVES
Finalize the ethiopian macro econometric model and start its application.
Customer satisfaction and providing modern technology of speedy bank
system.
Create a national payment system framework.
Ensure the availability and distribution of the birr notes and coins.
Maintain the exchange rate of birr close to the equilibrium exchange rate.
Contain the premium between the official and parallel market exchange rate to
the level below 1,5 percent.
Maintain the premium of respective buying and selling rates of the USD
between the NBE and commercial banks below 2 percent.
Ensure that the international reserves of the country is not less than three and
half months of imports of good and non factor services.
The bank adds value and complements commercial lending to help ensure
sustainable growth.
Board of directors
Executive assistant
to the board of director
President
Executive assistant to the president Chief advisor to the president
Vice president vice president vice president vice president vice president
The standard of services is very good and customers are satisfied with that services.
NIB bank’s ATM’s are linked with a number of leading local and foreign banks.
The employer’s at NIB are offered reasonable monetary benefit. Normally two bonuses are
given Eid-ul-Fitar and Eid-ul-Azha.
NIB bank has well established website and up to date about the bank.
Financial sustainability .
1.7.2 Weakness
Weakness is where the organization is not as good doing something as its competitor. Some of
its weaknesses are;
Branch manager cannot fire any employee on his bad performance as they hired as
permanent employee.
NIB bank relay on borrowing and contribution to fund their asset growth.
1.7.3 Opportunity
An opportunity can be defined as a change in external environment, which if properly exploited
with the organizational strengths will result in enhanced sales, market share, or income. Using its
strengths, NIB bank can avail the following opportunities;
Provide focal point for identifying and acting on obstacle to or opportunities for city and city
enterprise borrowing.
Proper orientation of employees in all branches can help them to cope up with foreign banks.
1.7.4 Treats
Treat can be defined as a change in external environment which if not met with proper strategies
will result in loss of revenues, market share, or income. In the context of NIB bank external
environment, the following potential threats exist;
The bank is facing threats with the emergence of new competitors especially in terms of
foreign banks.
Systemic investment risks (tariffs set by local radas; all cities rely heavily on inter-
governmental transfer.
Reliance on market interest rates and maturities may make loans unaffordably.
PART TWO
2. Activity report
2.1 How I get into the company Background of the department/division
where you working
The NIB international bank of Ethiopia bethel branch located on Addis Ababa district bethel.
And the bank started during the year 2010E.C.
During the year of the NIB international bank bethel branch started by six(6) employees,
including the branch manager, one(1) photo copy, one printer and five(5) desktops.
But now a day the NIB international bethel branch increases their employees by eight(8) and
desktop by seven(7).
The NIB international bank bethel branch employees they perform their activities effectively and
honestly.
2.2 Major objectives, responsibilities and activity of the department
2.2.1 Major objective of the department
Receives the pertinent document from the customer, based on the type of account that
she/he wants to open and the requirement set there of, and identifies her/him.
If the customer is already created as individual or corporate, initiate a amendment of the
customer record of necessary.
If the customer is created as prospect customer previously activities it by updating any
additional information about the customer.
Ascertains that the name of applicant requesting to open a demand-deposit account does
not appear on the mal-operation list and make sure that the applicant does not maintain
another demand- deposit account and /or a saving account within the bank unless the
reasonable justification is presented, there is no need to open similar account for every
simple request of the customer.
Issues an account opening application for cash/a check deposit form to be filled out by
the applicant, and guides her or him on how to fill out the opening application form.
Issues the cash or the check deposit form to be filled out by the applicant.
Checks that the required document are properly filled out and signed by the applicant if
the customer is blind or uses thumb print, however he/she attests the thumb print affixing
there to a rubber stump that reads ‘’signed before me ‘’.
Takes the customer’s finger print through the bio-metric devises.
open the new account in the system by using the customer ID created in the branch or
other NIB bank branches
Write the system generated account number on the deposit slip on the application form
and on the check requisition slip.
Scan the customer signature and relevant particulars and link with the account.
Passes the voucher to the branch controller.
Branches her/his cash on a half day and end of the cash hour and hands it over to the
senior customer officer- cash.
Customer master maintain giving customers ID for each of the customer who is
registered in order to have an account weather its saving account or special
deposit account, Account opening, customer verification and giving account
number for each of his customers.
Tracking tickets, withdrawal of cash, cash deposit and hand money.
Issues the cash or the check deposit from to be filled out by the applicant.
Scan the customer signature and relevant informative and link with the accounts
2.3.1 My activity
1st week
They told me about the general banking, it was basically divided into the following sub
departments, and I just worked in some of the departments,the major department of general
banking are as follows:
Account opening
Clearing
Term deposit
Customer relationship
My 2nd work in the bank was to screen the files according to the policy of the bank.few important
steps were:
Signature match
Any other discrepancy, if found return the file to the sales department.
3rd week
After screening the files in few days second important thing I did was telephonic verifications of
customer in third week. In telephonic verification all the facts and figures mention in the file by
the sales department on behalf of the customer are checked to ensure the night information of the
customer.
2.3.1 My responsibility
2.3.2 My activities
During my summer training I had good attitude towards my professional training making a good
relationship with the manager and the staff member including my supervisor. I am very satisfied
with their well coming. the responsiveness to work in group and cooperatively with all staff
member and my supervisor is appreciable in that he discussed about anything which related to
the organization at current time and give a solutions to solve the problem.
The fundamental aim of this practical attachment is to understand the lecture class easily
because application is simpler than lecture class. So this summer practical attachment has
the following major rational.
I know how to apply the lecture class in real world or a practical work. It also encourages me
how to identify any problem and give the solution.
Basically all theories which are learnt in the lecture class has directly or indirectly relationship
with my summer practical attachment. Specifically among the special course the major one are
listed below with area such as;
In this division most of the activity is performed what we study in theories like
Management information system(MIS) course on how data are stored on database and
data are searched by primary keys in order to shorten time spent on accomplishing the
single job speed up the system of our searching employee’s information or customers
information.
Accounting course how the balance and closing is performed in each and every day to
day and monthly is done.
Psychology: interacting with other people.
Civics and ethical education
Honesty, transparency and punctuality
Tolerance in diversity
Responsibility and accountability
Identify a problem
Problem solving and decision making
English course on how to apply techniques of report writing
Days in week Time spend Major activities Major problems & Overall
encountered and recommendation/reflection
solution found
Wednesday 8 hours Taking The job seems to be Communicate and share idea
instruction difficult with employee.
Signature Signature