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
EBRD to pay 4.6 billion roubles for 11.75 percent stake.
more »
On 24 November in London a letter of intent will be signed between Alytus Municipality and the Spanish aluminium company “Sopena group” regarding investments of the “Sopena group” in Alytus.
more »
Tourism opportunities in Dzūkija Region of Lithuania and other issues of incoming tourism promotion were the main topics of the meeting of the Mixed Intergovernmental Commission on Trade and Economic Cooperation between the People’s Republic of China and the Republic of Lithuania.
more »
On 22-23 November in Kiyv, foreign ministers of Lithuania, Ukraine and Belarus discuss trilateral cooperation and participation of Belarus and Ukraine in the Eastern Partnership of the European Union.
more »
The Kozloduy International Decommissioning Support Fund is supporting an innovative programme to boost energy savings and efficiency of public buildings in Bulgaria with a €5 million grant.
more »
Bank DnB NORD’s Economic Research Group predicts that out of the six Baltic Rim countries, moderate economic growth will be seen in Poland, Finland and, possibly Estonia in 2010, while Denmark, Lithuania and Latvia will need more time to climb out of recession.
more »
In a meeting in Brussels of the European Bank Coordination Initiative held on 19 November 2009, the parent banks of the six largest foreign banks active in Hungary reaffirmed their commitments made in May 2009 to support their subsidiaries.
more »
On 17 November 2009, the Board of AB Bank SNORAS decided to establish the bank’s representative office in London.
more »
The European Commission has approved, under EC Treaty state aid rules, two capital injections in favour of 'The Mortgage and Land Bank of Latvia' (LHZB).
more »
The government of G hana will tomorrow sign an historic agreement with the EU aimed at ensuring that only legally harvested timber from the West African country is exported to the EU market.
more »