Bank BPH has announced its strategy for 2004-2006
Published:
17 June 2004 y., Thursday
Bank BPH has announced its strategy for 2004-2006. The bank wants to increase ROE from the present 12% to 22% by 2006 and decrease its costs to revenues ratio to 51% from the current 63.8%.
The new strategy envisages opening at least 77 new outlets so as to increase their overall number to between 550 and 600. The bank also wants to double its share in the market of services for wealthy individuals whose monthly income exceeds zł.5,000. BPH plans to increase the share of mortgage loans in its credit portfolio from 17% to 25% and achieve a substantial growth in the sales of credit cards (to 250,000 by the end of 2004 from 100,000 in the previous year). The bank will reorganize its employment structure, which involves laying off over 870 members of staff. The overall investments connected with implementation of the new strategy are estimated to total almost zł.100 million.
Šaltinis:
wbj.pl
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
On 22 of June this year, the board of the newly established company of AB Bank SNORAS - UAB “SNORO Media Investicijos” - made a decision to invest in the shares of UAB “Lietuvos rytas” and to acquire 34 per cent of the authorised capital of the company.
more »
The Banker's Exchange is joining forces with Chicago-based Intergam Logistics as part of a global expansion initiative into the ATM support market.
more »
Lisbon treaty and financial supervision dominate debate at EU summit.
more »
In the most sweeping financial reform proposal since the Great Depression, President Barack Obama unveiled plans to overhaul the U.S. financial regulatory system, saying the events that led to the U.S. financial crisis make the proposed changes necessary.
more »
Due to the rising concerns on a possible disruption of Russian gas supplies to Europe coming through Ukraine, the Commission has chaired a meeting of the Gas Coordination Group to assure a stronger EU coordination and to secure energy supplies to European citizens.
more »
Mexico signs an agreement with Google to help revive tourism at its historical sites, after the swine flu epidemic.
more »
The recession could hit working women harder than men, an EU study warns, underscoring persistent disparities between the sexes in the European labour market.
more »
The first 4 months of 2009 saw 25 percent more FBI background checks on prospective firearm buyers compared to the same period last year in US.
more »
AS “Latvijas Krājbanka”, managed by AB Bank SNORAS, was presented with the annual prize of Deutsche Bank AG, one of the largest European banks, for the excellent quality of the outgoing payments.
more »
Danske Bankas has made another increase in the interest rate for fixed-term deposits in litas for both private and corporate clients.
more »