Strategic stages

On each of the above enumerated stages the bank uses the system of the balanced indexes, that is folded, as a rule, from a set of expressly certain indexes after four prospects: financial (determines the level of management, a department or level of financial fulfillment of the branch's plans); client (management, level of service for the clients); internal processes (if they are effective in the question of management, for a separate department's activity); personnel (whether the management, department or department obtains people able to execute the strategic tasks set for them). There is communication between the system of the balanced indexes and strategy: every prospect is to contain the row of the strategic aims related directly to the strategic plan of bank. All services of support are the operating management, the ІТ back-office, service on work with a personnel, financial service and service of management by the risk - the detailed plans which will describe their payment in realization of strategy of bank are to be made also.

Budgeting and setting of norms are also included in the strategic planning. Prognostication and budgeting within the framework of drafting of financial strategy is to be executed with the account of prospects and expected rates of realization and increase of investment and credit activity, client base and systems and methods of upgrading maintenance of clients, cutback of spending of different directions of basic and additional activity of bank and others like that. Norms, limitations, determinations of maximum and possible indexes of profitability and declinations of profitability, marketing aspects, financial and non-financial indicators of activity enable to form effective financial strategy of bank. Sure, drafting of budget of profits and charges (BPC) is a difficult and protracted process, that foresees enough plenty of iterations, the origins of which are related to the process of different concordances at the level of guidance of all bank and at the level of subsections ("local" budgets). For the BPC drafting and financial control after implementation of strategic plans creation of one is a necessity or a few centers of financial account and control. On the stage of prognostication and budgeting of basic directions of activity the calculation of norms of growth as forming of monthly plan on currency of balance, profitability, income and capital is the important constituent of forming of financial strategy; and on the basis of norms of growth budget year and its subsections, in the process of budgeting, carried out through prognostication of interest-rate and non-percent yields.