Make MENAFN My Home Page
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

CBI launches five-year strategic plan to grow  Join our daily free Newsletter

MENAFN - Khaleej Times - 21/05/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Khaleej Times) Cbi?s new strategic plan provides an agenda to transform the bank to take full advantage of its strengths re-position for future growth and maximise business efficiency across all functions.

commercial bank international (cbi) on monday announced the launch of its five-year strategic plan following an extensive exercise led by management consultancy experts and endorsed by the bank’s board of directors.

cbi’s new strategic plan provides an agenda to transform the bank to take full advantage of its strengths re-position for future growth and maximise business efficiency across all functions.

kris babicci cbi’s chief executive officer said: “our strategy will turn up the heat on our competition and allow us to seize and grow market share. we have put our years of business expertise at work and have hired a management consultancy firm to conduct extensive research into the shaping of a solid business plan for the future of cbi calibrating growth over the next five years.”

the bank’s new strategic focus will in addition to the retail segment and large and medium-size companies pay special attention to small and medium size enterprises in mid-cap segments.

“our main business focuwill be on mid market segments in retail sme and corporate through syndications. in fact trade and syndications are major focus areas for the bank where we are significantly leveraging on our strategic partnership with qatar national bank (qnb)” noted babicci. “we are re-positioning for future growth. we will deliver improved returns by building on our strengths concentrating on high growth areas exiting marginal businesses and sharpening our focus on client needs and on building long-term relations with our customers.”

he added: “in the future cbi will be stronger better balanced and well positioned to deliver sustainable growth. in short we are creating an agile bank that combines the highest standards of customer service and the finest aspects of a refined banking experience.”

“a proactive approach to customers is at the centre of cbi’s new strategy. as we move towards building profit-centered stability and with all the potential offered to us by our strategic partnership with qnb we realise that service quality operational excellence business efficiency and long-term customer relations will be crucial to enhance and sharpen cbi’s competitive edge” he noted.

— business?khaleejtimes.com


 
 


Khaleej Times




Loading, Please wait....


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help