Actual Stability Essay

1091 words - 5 pages

Annual report 2010


2011 strategy
PSB’s efforts in 2011 will be directed towards its overarching goal of becoming the ‘Number 1’ privately owned bank in Russia in terms of market value by 2015. To reach this goal, PSB will need to ensure the profitability and sustainability of its business, including through diversification of its loan portfolio and revenue sources. The bank must also improve the quality of its client base and maintain capital at adequate levels. PSB will continue to solidify its brand and improve client service, management quality and staff efficiency, as well as stepping up the use of technologies and introducing innovative products. In 2011, PSB will pursue its ...view middle of the document...

In addition, PSB intends to accelerate development of its leasing operations — a business segment with strong upside potential. SME business is a key priority area offering high margins and possibilities for responsive risk management. PSB’s objective in the segment is to become by 2013 a ‘Top 3’ Russian bank by volume of SME loan portfolio. In addition, the Bank intends to move into the microfinance segment. Well-structured propositions in each of the SME sub-segments will constitute the backbone of PSB’s 2011 product offering. Product terms will be adapted to various client groups. While developing the product offering, PSB will focus on investment banking, leasing and specialty products. High quality service, partner relationships with clients, prompt credit decision-making and sales and service system efficiency underpin PSB’s positioning. In the SME segment, PSB intends to step up cross sales within the retail and private banking businesses. To spur further development of SME business, the Bank will use both traditional (branches and additional offices) and alternative (remote banking services -RBS-) and partnership programs) sales channels. Retail lending. In accordance with its strategy, PSB aims to become by 2013 a leading Russian bank by retail lending (among the ‘Top 10’), as well as a significant player in the premium retail segment. Product bundles based on best international practice, utmost client-centered focus and wide use of technology will underpin PSB’s positioning in the segment. General-purpose consumer loans and credit cards will be at the core of retail lending in 2011, while at the same time PSB intends to resume mortgage lending. Bankassurance will be at the forefront of commission-based product development. To expand the client base, improve service quality and diversify its revenue base, PSB intends to develop partnership programs (co-branding projects with retail and service companies, affinity cards issued jointly with charities and not-for-profit organizations) and broker services, as well as to aggressively promote PSB-Retail and other remote banking channels (Call Center, ATMs, etc.). PSB will specifically focus on sourcing retail deposits through remote banking channels.


Another key priority area is the development of an efficient private banking service. 2011 objectives in the segment include the development of a comprehensive standard product offering; the launch of structured investment products, including jointly with leading foreign players, and the development of non-banking products...

Other Essays Like Actual Stability

Case Study

555 words - 3 pages [pic] Reflective Questions 1. Which main management theories or themes do you think were applied in the case? The main theme that the management in this case runs under would be that of a strong but unhealthy work culture. Mr Drake appears to be a highly political figure within the company as he strongly dismisses Shelby’s innovations; this shows that is it also not an adaptive or supportive culture. Themes of being stability orientated

Math Student Essay

2460 words - 10 pages Increasing stability of process Shift toward product focused Attention to quality Optimum capacity Enhance distribution Long production runs Product improvement and cost cutting 4-14 Little product differentiation Cost minimization Over capacity in the industry Prune line to eliminate items not returning good margin Reduce capacity Types of Forecasts Economic forecasts  Address business cycle, e.g

Triz 39 Parameters

1233 words - 5 pages . | |12 |Shape |The external contours, appearance of a system. | |13 |Stability of the object's composition |The wholeness or integrity of the system; the relationship of the system's constituent | | | |elements. Wear, chemical decomposition, and disassembly are all decreases in stability

Hm Marketing

4895 words - 20 pages with Hon. Miguel Cuaderno, Sr. as the first governor. RA 265 guided the CBP in the implementation of its duties and responsibilities, particularly in relation to the promotion of economic development in addition to the maintenance of internal and external monetary stability. November 1972: RA No. 265 was amended by Presidential Decree No. 72 to make the CBP more responsive to changing economic conditions. PD No. 72 emphasized the maintenance of

The Great Gatsby, The 1920s, And A Drifting Era

1391 words - 6 pages . Jordan’s wealth supports her wrongdoing as well. The reference to “anchored” balloons also is symbolic of Daisy and Jordan’s lives. They are described as balloons, which symbolizes their drifting, uncaring attitudes towards life, but they are anchored down at the same time. Being anchored down means that they do have some stability in their lives. Their money is the common possession that both these women have that adds stability to their

Strong Interest Inventory

631 words - 3 pages for people. counseling | Verbal ability, showing understanding | Cooperative ,generosity, service to others | Conventional | C | Organization, data management | Setting up procedures and systems | Data analysis, finances | Accuracy, stability | Investigative | I | Science, Medicine | Solving abstract problems | Writing, analyzing | Learning, independence | Basic Interest Scale: This topic represent topic area that points to different

International Politics

1636 words - 7 pages state system of today’s Realism. Many people view this ideology as a somewhat pessimistic view of the world and tend to believe in greater harmony and cooperation. These tend to be the idealists known to us as the Social Democrats of Europe, the Liberals in Canada, and the Democrats in the United States. Realism at this time and point of history seems to be the actual way that things are going amongst states. Alliances (rather than friendships

Computational Aeromechanics of Airships

2566 words - 11 pages the experimental data and are found to be agreeing well for small angle of attacks. The static stability of the airship has also been investigated and the aerodynamic center of the airship has been located as a part of the stability analysis. 1 Introduction Recent renewed interest in airships with varied applications in the field of advertisement, cargo transport, surveillance, communication systems, extending Internet access in remote

Reporting Practices and Ethics Paper

1001 words - 5 pages informal and social sources of influence that are used to inspiring action that is taken by others. If the managers are effective managers, their staff will be more enthusiastic about achieving effort to attaining organizational goals and objectives. * Controlling include to making sure that performance does not diverge from standards. Controlling includes three steps which involve: 1. Establishing performance standards 2. Comparing actual

It’s Time to Start Palm Oil Extraction Business in Africa

710 words - 3 pages Palm oil is a common cooking ingredient in the tropical belt of Africa, Southeast Asia and parts of Brazil. Its use in the commercial food industry in other parts of the world is buoyed by its lower cost and by the high oxidative stability (saturation) of the refined product when used for frying. PALM OIL EXTRACTION business is a mega millions business for making most money. Do you know that you can make N200,000 and above daily even as a

Inflation Targeting and Interest Rate Rules

932 words - 4 pages . Taylor, the Taylor Rule, also known as Taylor principle; is a monetary policy rule that dictates how much the central banks should change the nominal interest rates in response to the inflation, output (GDP) and other macro-economic factors. According to the rule, the nominal interest rate should respond to the divergences of the actual inflation rate to the targeted inflation rate and of actual Gross Domestic Product (GDP) to the potential

Related Papers

Happiness 9 Essay

896 words - 4 pages painful emotions; blind happiness is necessary for stability. One of the things that guarantees happiness is the "feelies," movies that reach your sense of touch as well as your sight and hearing. The people of this world, born from test tubes and divided into five castes, are docile and happy, kept occupied by elaborate games like obstacle golf, entertainments like the "feelies," and sexual promiscuity. Disease is nonexistent, old age and death made

Edmund Burke Essay

633 words - 3 pages , which is why there should be a limited democracy. Prejudice against reason. Burke feels that through theatre we can train our moral, we need to rely more on our heart and less on our brains, moral. Burke feels we have lost the moral sentiments, however he does not disagree with moral and change. Burke believes that the place for politics is in the churches, the pulpit is not the place for politics, and religion is the basis for society, you should use religion as the basis but the actual government should not come from the truth. People see stability when people recognize the existing order. We consecrate on the state; make it holy and help it form stability.

Human Resources Essay

658 words - 3 pages 10/27/2010 Human Resources Management Teacher: Student: Extra Credit Exam #2. Discussion question#1 page 172. The essential elements of forecasting the supply of and demand for human resources have a number of ingredients. According to our text, one important ingredient is the organization’s own strategic plans regarding anticipated growth, stability, or decline of the need for human resources. Demand trends also influence

The European Union Essay

1255 words - 6 pages The European Union University of Phoenix The European Union The banding together of nations to form an economic and political stable is not a new concept. However, the European Union is unique in that its members encompass most of the European continent. “The EU has delivered half a century of peace, stability and prosperity, helped raise living standards, and launched a single European currency, the euro” (European Union, n.d., para. 5