On Optimization of Staff and Organizational Structure of BTA Bank JSC01.03.2012
ALMATY, March 1 – BTA Bank JSC is starting to implement its program on optimization of the staff and organizational structure of the Bank.
Ultimate purpose of the program is to improve Bank’s business efficiency, increase its profitability by elimination of duplicating functions in different departments and adjust staff number to the current financial situation. The Program is aimed at optimization of internal business processes by centralization and universalization of homogeneous functions that in turn will increase mobility of taking decisions in the Bank.
Implementation of the project is held in accordance with directives of Mr. N.A. Nazarbayev, President of the Republic of Kazakhstan and Mr. U.E. Shukeyev, Chairman of the Management Board of “National Welfare Fund “Samruk-Kazyna” JSC on necessity to optimize expenses in the companies with state participation.
“I would like to especially emphasize that following all principles of business social responsibility BTA Bank is holding all procedures related to optimization of the staff and organizational structure of the Bank legitimately in strict compliance with current laws and normative documents of the Bank”, - Mr. Askhat Beisenbayev, Acting Chairman of the Management Board commented.
After Program implementation total number of the Bank’s staff will be reduced by 25%. Consequently, salary fund will be also reduced by 25% as the result of the reduction of the staff and restructuring of the Bank’s organizational chart.
During the program implementation a thorough analysis will be held in regard with the work of branch network with closing less perspective sales units that will also have positive financial impact on the Bank. Currently almost 12% of the total sales network is determined as less effective and issue on their optimization is now under consideration.
“Optimization program has been developed by a specially created working group of mostly experienced top-managers of the Bank who took into consideration the strategy of further development of the financial institution and improvement of its business model”, Mr. Beisenbayev said.
The Bank believes that a successful realization of the optimization program will become an important element in the recovery of the financial institution planning to work under a reviewed business model.
Besides, the Bank also believes that the initiative will be positively addressed by the creditors who are also interested in restoring BTA Bank’s leading positions in the banking system of the country.