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
Vladimir Putin appeared on live television and radio for his annual question-and answer session with the public.
more »
EUFISERV Payments announced today that the separation of the EUFISERV ATM Scheme from EUFISERV's former processing business is now complete, and is in line with the SEPA requirements of the European Central Bank and the European Commission.
more »
600,000 Mexicans work in the auto and auto parts industries, and U.S. automakers run around a dozen plants.
more »
The President of the European Commission Jose Barroso says some British politicians are considering signing up to the euro
more »
It's official. The U.S. economy is in a recession.
more »
The crisis that started in the US over a year ago has sent shock waves around the globe.
more »
Offering a coordinated response to the EU’s deepening economic crisis, the Commission is proposing €200bn in measures to boost purchasing power and generate growth and jobs.
more »
The two men charged with keeping Britain's economy afloat moved on Monday to ward off a deepening recession.
more »
European citizens are getting older and greyer. By 2050 it is estimated that the average age in the European Union will be 49, up from 39 now.
more »
Addressing U.S citizens, Barack Obama spoke of plans to revive the economy.
more »