The Organizational Structure Of Gtbank International...

Organization Structure GTBank is structured as a multi-divisional and partially decentralized organization; see Exhibit 2 for organizational structure chart. Accordingly, each geographical region would be headed by a divisional head, which would be required to operate with a degree of autonomy over that region. All such divisional managers would report directly to the Managing Director, who in turn reports to the Board of Directors. Further down the line, each geographical region is sub-divided into business functions and report directly to regional managers. GTBank international is organized as a complete autonomous entity with little or no inference from the head office in Nigeria. Decisions are made based on the needs of the local market. All divisional heads report to the Country’s Managing Director who reports to the executive director in charge of international banking. GTBank’s decision making is de-centralized from the home office ensuring adequate support for each of the regions or zones, with each of the functional groups reporting to a divisional head. Each division is expected to maintain its own balance sheet and PL report. Financial Health The company’s top line and bottom line have grown each year since 2010, and profit has over doubled from 2010 to 2014, see Exhibit 3 for selected financial data. The Q3 reports for 2015 also show growth compared to same quarter 2014. Growth has not been consistent as there was a dip in 2013, which was attributed toShow MoreRelatedAn Assessment of the Impact of Corporate Social Responsibility on Nigerian Society: the Examples of Banking and Communication Industries18990 Words   |  76 Pagesstakeholders including the government, the corporate organization itself, and the general public. The public contended that the payment of taxes and the fulfillment of other civic rights are enough grounds to have the liberty to take back from the society in terms of CSR undertaken by other stakeholders. Some ten year ago, what characterized the Nigerian society was fragrant pollution of the air, of the water and of the environment. Most corporate organizations are concerned about what t hey can take out ofRead MoreThe Role of Ict in Banking Operations13419 Words   |  54 Pagessystem has undergone remarkable changes over the years, in terms of the number of institutions, ownership structure, as well as depth and breadth of operations. These changes have been influenced largely by challenges posed by deregulation of the financial sector, globalization of operations, technological innovations and adoption of supervisory and prudential requirements that conform to international standards (Elumelu, 2005) As at the end of June, 2004, there were 89 deposit money banks operating in