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TABLE OF CONTENTS

INTRODUCTION
REASON FOR SELECTING HMB
OBJECTIVE
APPROACH TO THE PROJECT
INFORMATION GATHERING
BRAINSTRONMING
INTERVIEWS
BOARD MINUTES
PUBLISHED ACCOUNTS & ANNUAL REPORTS
NEWSPAPERS AND FINANCIAL MAGAZINES
INTERNET
NOTIFICATIONS / CIRCULARS FROM STATE BANK OF PAKISTAN
ACCOUNTING AND BUSINESS TECHNIQUES USED
REASEARCH ANALYSIS
OBJECTIVE OF MERGER
MERGER: OPERATIONAL PROSPECT
ISLAMIC BANKING OPERATION
INTERNATIONAL AFFILIATION
PRODUCTS (INNOVATION)
RISK
INTERNAL CONTROLS
CULTURAL EFFECTS
SYNERGIES AVAILED
REGULATION REQUIREMENT (MINIMUM CAPITAL)
BOARD OF DIRECTORS
MERGER: FINANCIAL PROSPECT
NEED FOR MINIMUM CAPITAL REQUIREMENT (MCR)
ACHIEVEMENT OF CAPITAL ADEQUACY RATIO (CAR)
FINANCIAL HIGHLIGHTS AFTER THE MERGER
SWOT
CONCLUSION
FUTURE OUTLOOK
SKILLS AND LEARNING STATEMENT
BIBLIOGRAPHY

INTRODUCTION

The reasons why I chose, "The financial and operational consequences of a merger between two organisations or of the acquisition of one organisation by another" as my topic for research project in order to get BSC Hons. Degree in Applied Accounting are as follows:

Nowadays due to the accelerating inflation and substantial economic crisis it is getting really hard for Small and Medium Sized Entities to survive in the highly dynamic and complex business environment, every organization wants to penetrate in its relevant market in most quick and economical fashion. The most quick and economical way to is a mergers or acquisitions. And it has been evidenced much in the recent past in financial sector on Pakistan.

The recent merger that I observed closely was of Habib Bank AG Zurich (HBZ) Pakistan Operation into Metropolitan Bank Limited (MBL). MBL was incorporated in Pakistan as a Public Listed Company in 1992 under the name, Metropolitan Bank Limited. MBL commenced, duly licensed, full scheduled commercial-banking operations in October 1992.

On October 26, 2006 HBZ Pakistan



Bibliography: DAWN (October 2006) The NEWS (October 2006) Business Recorder (December 2006)

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