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Latin American Government Bank
Corporate and International
International Banking, Corporate Banking
The institution desired to take the first steps towards identifying necessary actions required for privatization. The Bank's efficiency ratio and other measures were out of line with their peer group and customer service was suffering.
LoBue Group was asked to conduct an assessment to identify the key areas for improving the Bank's operations. The objective of the review was to position the Bank for privatization.
LoBue completed a review of the entire organization and conducted a pilot implementation in the Corporate and International division. The recommendations for the bank were:
The prototype for centralization of International back office functions was conducted and the following firsts for the institution were implemented:
Additionally, based on Institution wide staffing assessments 4,000 FTE were eliminated in the first year, (12.5% reduction).
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