[Iran] - Thorough advancement in tactical contents leads the way to success in the bank: BMI head

INSUBCONTINENT EXCLUSIVE:
TEHRAN- Ablfazl Najarzadeh, head of Bank Melli of Bank of Iran, worried the importance of developments in the banks strategic approaches and
stated that bank will accomplish considerable outcomes when plans and six-strategic contents are implemented.Najarzadeh who was making the
remarks in a workshop about evaluating the nine-month performance of the banks systems throughout the existing Iranian year (beginning with
March 21 2022), in the existence of banks authorities thanked those systems which have actually been able to perform efficiently towards the
satisfaction of the banks goals given that the start of this year.Najarazadeh also pointed to the existing weaknesses and problems and
announced banks crucial techniques and policies till the end of the year along with the next year.Attention to tactical contents makes
evolution possibleThe head of the bank likewise said we expect our associates across the nation to promote banks positon to name a few
banks by carrying out the new strategic techniques, adhering to the set directions and respecting consumers
Najarzadeh highlighted the significance of personal goal setting and planning as the most important and essential pillars of the development
and success, adding, with a change in approach from staff to line , advancement would end up being possible.On the Road to SuccessThe
freshly designated head of bank Melli continued to say that the weaknesses and strengths of the strategies must be determined, and required
senior supervisors to keep an eye on the efficiency of the banks units next year by developing a new framework based upon the readily
available methods
He further asked the departments of the provincial branches to examine and evaluate their performance based upon the banks methods every
season.Najarzadeh suggested that banks activities are based on Central Banks policies and included that all the banks objectives and
policies should be based upon the banks strategic framework.The development of E-banking is a necessity The banks official stressed on the
basic implementingof the management of resources and expenses, drawing in new resources, increasing capital, generating frozen assets,
implementing detailed banking, producing digital transformation, developing global sector including international and foreign trade services
and establishing human capital in the bank.Stating that Melli Bank must be a leader and pioneer in the banking network in innovation and
digital banking, Najarzadeh included the new banking products and technological tools need to supply the ground for the supremacy and
distinction of BMI compared with other banks.Bank is accountable to produce economic enterprisesSomewhere else in his remarks, Najarzadeh
highlighted that banks task is to develope economic enterprises not owning them and added that a person of the banks priorities in the
current year is to exit the business ownership and selling and handing over its surplus and repaired assets.Dr
Najarzadeh pointed to the ongoing competitive conditions for banks and the development of banking science and market and highlighted that it
is needed for BMI to move towards thorough banking.Double efforts to increase market shareNajarzadeh stressed that the boost in bank share
in all banking system indications is necessary and included that shortages and problems must be resolved by constant monitoring.He again
stressed the development of the international sector and foreign trade services in addition to human capital.The head of BMI highlighted the
need for preparing to offer proper service to customers and announced that 38 strategic strategies have been drafted in BMI which lead the
way for transformation
Customer fulfillment possible with the development of bank of entrepreneursReferring to the role played by bank of entrepreneurs
(Kaargoshaei Bank) in supplying micro services across the country, Najarzadeh added that the establishment and announcement of rules need to
be in line with enhancing the quality and the speed of services offered by bank of entrepreneurs.Najarzadeh stated that the source of the
weak point and strength of the units ought to be identified as soon as possible and at end asked his colleagues to strive to achieve banks
objectives and policies based on the existing strategic plans.The bank systems efficiencies were evaluated throughout this seminar by deputy
department for planning and improvement and their performance report was presented.Realization of the method contents is extremely required
Mohammad Shirijian, a board member and Vice President for Planning and Transformation of BMI, likewise extended his thanks to those systems
that have had a great performance throughout the 9 months of this year and highlighted the need of maximum efforts to accomplish the
six-content of the banks technique and long-lasting goals.Shirijian stated that a coherent road map for the banks efficient movement this
year has actually been created, and worried that everybody should participate in the practicing strategic strategies and carrying out
tactical contents to acquire new achievements.He considered cutting losses and increasing market share as bank systems performance
assessment signs, and included that there would be an excellent progress in all sectors if banks objectives are materialized.He explained
the objectives and methods of the bank and talked about with supervisors about their problems and questions.A working group was also formed
with the existence of the head of the BMI, the chairman and the board members of the BMI during which the banks senior supervisors raised
the issues and related problems they faced from staff to line while the top officials supplied them with the necessary solutions.In this
working group, customer-friendly attitude, handling and bring in resources, increasing market share, transparency, carrying out a
centralized system for drawing out and computing financial declarations, carrying out the federal government approvals for provinces, paying
agricultural loans, executing charge card management system, arrangement of micro- services in the type of loan, payment of real estate
loan, arrangement of undertaking approach, revision of budgeting, advancement of worldwide relations and much better items were discussed
and considered the primary ways for the evolution of the bank.During the conference, some of the managers of the branches presented a report
on the performance of the secondary systems and continued to express and propose their views on the banks issues.The conference ended with
introducing the departments of Khuzestan, Alborz and Zanjan branches in addition to independent branches of Haj and Ziarat, Central and
Securities and Exchange with the best efficiency over the previous 9 months.