Banif Bank holds annual strategy meeting

Banif Bank’s chief officers, heads of departments and managers met up for the Bank’s Annual Strategy Meeting held at the beginning of the year, to lay out the organisation’s plans for 2014. The 50-strong group that makes up the Bank’s management and coordination tier discussed each department’s vision and objectives for the year and how these will be implemented.

The event is an annual appointment that the Bank keeps with its management team, in the presence of directors, and serves as an evaluation exercise of the Bank’s past performance, and as a platform for sharing the Organisation’s corporate plan for the year.

The meeting was introduced by Chairman Dr Michael Frendo who referred to the Bank’s 6 years of achievements where the Banif brand has crystallised, despite the difficult economic scenario and cut-throat competition.

While streamlining operations for better efficiency was a constant in each department’s targets, as was the commitment to invest in people, the presentations also touched upon various key strategies that will help each department go forward and improve competencies and effectiveness. The bottom line objective is to keep giving customers a high quality service and a range of financial solutions that has always differentiated the Bank from others.

“Banif Bank is no longer a start-up. We now serve a significant percentage of the local market,” said Joaquim F. Silva Pinto, Chief Executive Officer, Banif Bank (Malta) plc. “In this particular phase of our growth spurt, we continue to review our operations and improve our productivity.

"We have an ambitious programme for 2014 that includes introducing more points of sale and strengthening bonds with our clients who are always at the core of our operations. The experience and commitment of our excellent team means we have no doubts whatsoever that will achieve our set targets. We are very satisfied with the outcomes so far, and while capitalising on these we are aspiring for more!”