DEVELOPMENT OF 5-YEAR STRATEGIC PLAN FOR A LEADING BANK
The client is a top Nigerian bank with regional and international reach, known for being innovative with a series of “firsts”. We worked alongside a big 4 accounting firm to assist the Ghana branch of the bank in developing credible strategies to meet her 5-year strategic objectives (profits and assets) and to fully exploit the market opportunities.
Project Responsibilities:
- We conducted interviews with the bank’s executive, bench-marking the performance against a peer group of 5 leading banks to set realistic targets for the bank;
- We provided best practices seen among top regional and international banks through our proprietary database and primary research (e.g. mystery shopping);
- We also ran 3 workshops with top management, leading them through our interim findings to get their intimate inputs into the project deliverable;
- A detailed financial model was prepared, incorporating operational KPIs that link to the strategy document; and
- Final deliverable- consisting a comprehensive strategic plan which covers all businesses of the banks and their financial projections were issued.