2 | The Lion King
Dear Colleagues,
As we commence the second half of the year, it is
imperative that we continue to focus single-mindedly
on the execution of all agreed initiatives under Project
Alpha.
I will like to remind you of some of the initiatives:
• Aggressive deposit mobilization drive
• Aggressive account opening and reactivation
• Achieving and maintaining leadership position in
customer service
• Regaining leadership in the e-banking space
• Increasing country-to-country synergies to fully
exploit regional growth opportunities within Africa
• Regaining leadership in regional and international
trade
• Aggressive value chain banking to fully exploit
opportunities around our corporate customers
• Strengthening our focus on key growth sectors
such as power, infrastructure, telecommunications,
banking, capital markets and pension
• Positioning as Africa’s leading transaction banking
organization
These initiatives have been broken down as
specific targets to all business areas in the Bank for
implementation.
Our half year performance shows that although we
are making some progress, more is required to achieve
our PBT and deposit targets for the 2013 financial year.
I have no doubt however that, with the tenacity with
which we collectively returned the Bank to profitability
in 2012, we will be able to deliver these aspirations.
Thank you and God bless.
Phillips Oduoza
GMD/CEO
GMD’s
Message
As we commence the
second half of the year,
it is imperative that
we continue to focus
single-mindedly on the
execution of all agreed
initiatives under Project
Alpha.”
