In reality, a manager has to use the existing resources for a given task, and must have the ability to understand the differences in individual behaviors and use them appropriately to increase the synergy.
Top 5 trade deals that changed history The business model to be applied is unique: This means that Granit Bank offers complex financial solutions for SMEs, preferably for those having approved subsidies in frame of EU or Hungarian state development programs or being part of supply chains of big, multinational companies.
In acquiring its clients, Granit Bank works with the most successful and competitive agent networks using state-of-the-art sales techniques as well as the largest Hungarian associations of entrepreneurs.
Granit Bank aims to become a well-known, SME-focused niche middle bank within five to eight years, providing integrated financial services for its customers.
Based on the introduction of unique and innovative products, together with its ambitious goals, World Finance has bestowed Granit Bank with the award for Most Innovative Bank in Hungary. Granit Bank has risen to meet the challenges of the 21st century in the banking industry with a carefully designed strategy and an innovative approach towards its clients, which creates real value for customers and owners alike.
You are the CEO and vice-chairperson of the board of directors, with the second largest shareholder of Granit Bank as well with valuable banking experience. The bank was acquired in May by Magyar Toketarsasag Plc.
Besides Magyar Toketarsasag Plc. Granit Bank has developed a large number of retail and corporate products within a relatively short period of time. How have you achieved this dynamic and intensive growth?
The bank developed and introduced 13 new products in four currencies for companies, and 17 new products in three currencies for private individuals.
Some of these products are offered exclusively to Granit Bank clients. This fast development was achieved by our ambitious and motivated colleagues who are committed to the success of Granit Bank. The European and the Hungarian economies have not recovered completely after the economic crisis, and the financial sector is still in disarray all over the world.
Why do you still consider to have been the right time to launch a bank on the Hungarian market?
Granit Bank — as a predecessor of WestLB Hungaria Bank — was launched after the crisis with a clean balance sheet; it has a healthy asset structure and it did not suffer losses due to insolvent clients.
After the acquisition, a new strategy that reflects the vision of the majority owner was elaborated by the newly assigned management team. So Granit Bank combines the advantages of having decade-long experience on the Hungarian financial market and of being a new bank with clear strategic goals.
The return on equity and assets of the financial sector has deteriorated significantly due to the losses on foreign currency denominated loans. Since Granit Bank is untouched by these effects we can concentrate our resources to acquire the most valuable, crisis-resistant clients who provide the highest growth potential.
I believe that there is a huge growth potential in the Hungarian financial market: The Hungarian economy is recovering from the recession; the anticipated growth rate is between percent in and around three percent in The individual’s basic personality structure is affected by the various subgroups to which he belongs—groups based upon his family membership, religion, occupation, social class, age and sex.
Each subgroup tends to foster certain patterns which may in turn be subject to the restrictions imposed by society as a whole. Human Heredity— Individual behavior in organization. Human behavior is complex and every individual is different from another, the challenge of an effective organization is in successfully matching the task, the manager and the subordinate.
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