The Bank Expansion Strategy And Management

The bank that we have chosen is Public Bank that is located in Ayer Keroh area. In Melaka, the area that the bank is located in Ayer Keroh is considered as the industrial area and also housing area which is not bad at all as it could benefits not only the residents but also the workers that are working in the factories nearby as well. The bank is located in between shops, restaurants and some car services shops as well. There are a lot of parking spaces available almost all the time. The bank is also located near to a main road where the road is also known as “Lebuh Ayer Keroh” (the highway of Ayer Keroh) by the locals that will have a lot of cars passing as this is the road that the

FBN continue to execute on previously articulated regional expansion strategy being consistent in their objective of effectively maximizing shareholder value while harnessing the benefits of diversification. First bank plc have only pursued expansion into countries that will disproportionately add economic value over the medium to long term and bolster the banking group’s strategic positioning in the Su-Sahara Africa (SSA) financial landscape (FBN, 2012). First bank of Nigeria brand of being dependably dynamic is one of its major selling points. Aside being the largest banking group by assets in SSA, the fact that a significant proportion of the banking public has business relationship with the bank attest to the strength of its brand. Part of their strategy is to be dominant financial services group across middle Africa. Having established itself over a 120 years history as the largest bank in Nigeria and already as the largest private sector banking group in Sub-Sahara Africa (Meristem, 2011).

Over the years the bank has received numerous accolades and commendation for its expertise and exceptional delivery and its management quality, but to mention few of this quality are: the 2007 most respected bank of the year in survey by price water house coopers and business day, the best bank in Nigeria by Euro money numerous honors in the vanguard Newspaper Banking awards as winner in the different categories :most customer friendly Bank, bank of the year, best bank in cooperate Governance in 2007. Recently the Bank also clinched the KPMG 2009 most customer focused Bank, Retail award and the most socially Responsible Bank in Nigeria at the social Enterprise Reports and awards, SERA 2009.

The company’s medium to long-term strategy, includes plans to continue expansion in the North American markets mainly in the area of personal and commercial banking. They also

The growth of the bank’s revenue for its shareholders, is also as a result of the respect the bank has on delivering quality services, respecting the views of everyone involved in their business, having a leadership system that is easily approachable, being

Internship Report submitted to SIU in partial completion of the requirement of MBA Banking Management at Symbiosis School of Banking & Finance

When determining the bank’s future over the next five years, one must analyze what the bank needs to focus on in order to achieve the individual goals. The bank’s mission is to work towards offering its customers the one-stop financial shop concept delivered with an unexpected, unsurpassed level of customer service. In order to achieve this mission, FirstBank must be able to continue to strive to be better and never settle.

Access Bank Plc is on the company carrying on the business of commercial banking in Nigeria.

Diversification in their operation in keeping money including protection speculation saving money resources administration and increment the office for versatile managing an account.

With the outstanding performance through the years of UOB, its mission statement has been realistic and it certainly have helped the company to stay on track and to achieve its vision of being a premier bank, as it has eventually became the top leading bank Asia and the Asia Pacific region. The mission has greatly equipped the bank with the right attitude and goals to help achieve its vision. By being committed to providing quality products and excellent customer service, it paved the way for great excellence which is a key factor to become an outstanding bank in comparison with the other competitors.

Columbia Bank was started in 1927. It is the fourth largest mutual financial institution in the United Stated with over $4.7 billion in assets. Unlike commercial banks, mutual banks don’t have stockholders; anyone who makes a deposit ‘owns’ a portion of the bank. Columbia Bank is headquartered in Fair Lawn, New Jersey with 44 branches throughout New Jersey. Columbia Bank has “nearly 100,000 customers and nearly 200,000 loan and deposit accounts” (Allen, 2015).

To provide effective and efficient full-fledged banking service focused on development, business growth and profitability to meet the expectation of all stakeholders.

These new banks came with new innovations, new banking methods and advanced banking technology, customer friendly banking products, etc. Most of the employees of these banks were very young, well educated, smart and highly trained. The banking industry in Nigeria was revolutionized.

According to group´s performance from 2002-2006 identifies that Barclays´ performance underpinnings are represented by its strategy of acquiring other banking (such as ABN Amro and Banco Zaragozano) concerns to expand its retail as well as other banking services through representation in international markets as represented by the bank’s presence in 60 countries. This provides Barclays with the means to sell its highly profitable investment banking services as well as be positioned to service the cadre of multinational companies that utilize its diverse banking financial service packages.

During the celebration of Ghana’s 50th anniversary in 2007, UT won a Gold Award for contribution to the Social and Economic Development of Ghana. For two years running UT Bank was recognized as the fifth best company in the Ghana Club 100 having won the Best Non-Bank Financial Institution (2008, 2005, 2004 and 2003) by the Ghana Investment Promotion Center (GIPC) in its Club 100 rankings which represent the top 100 companies in Ghana.