Development Strategy

The Development Strategy of Tatfondbank for the next strategic planning horizon, until 2011, was approved by the Board of Directors in February 2008.

Strategic goal: to maximise the Bank’s capitalisation and the value of its business.

The Bank plans to attain this goal by resolving the following strategic objectives:

1. Further development of regional network;
2. Diversification of assets;
3. Priority development of retail business;
4. Further perfection of the Bank’s management system and improvement of efficiency and labour productivity;
5. Further enhancing the transparency of business and its attractiveness for strategic investors and international financial institutions.

Development Plan for 2010

The Development plan of OAO AIKB Tatfondbank for 2010 has been approved by the Board of Directors in December 2009.

The Plan was developed on the basis of the market-driven scenario of development of the Russian economy featuring a moderately optimistic view and the Bank’s forecasts related to basic social and economic indices describing the condition of the Russian economy containing the following figures: GDP growth – 2.7%; industrial output growth – 2.79%; average annual price for Urals crude oil – US$ 63.4 per barrel; US$ to RUR exchange rate – US$ 1 = RUR 33.4; unemployment rate – 9.2%; inflation rate – 9.12%.

Should the market-driven scenario of development of the Russian economy be implemented, the assets growth rates in the banking sector in 2010 shall be at the level of 12%, the main driver behind the growth being the restored lending of the economy (estimated growth for the banking sector – 11.6%).

At the same time, the Bank considers as significant the risks connected to forecasts saying that the global economy would probably face a new slump, which, in its turn, would cause an extremely negative effect on the economy of Russia. The Bank also takes into account such key problems of the Russian economy as volatile foreign economic market situation and a low level of investment activity; slowdown in demand for labour force; the drop in the real standard of living and the shrinkage of the domestic consumer market; high level of arrears to the banks, and the growth of volumes of their non-core assets.

These factors actualise almost all goals and objectives for 2010 set for the Bank in the previous year.

Goals:

1. Increasing the Bank’s assets by 5.4% by the end of 2010;
2. Maintaining the diversified structure and liquidity of the Bank’s balance;
3. Retaining the leading positions in the market of the Republic of Tatarstan;
4. Further improvement of the Bank’s management system.

Priorities in business development:

1. Simultaneous development of corporate, retail, and investment businesses and further enhancement of their close interaction;
2. Diversification of assets (including such through increasing the portion of retail loans and loans to SMEs);
3. Support of the customer-oriented model of the Bank’s operation;
4. Regional network optimisation.

Basic tasks in ensuring the development of business:

1. Optimising the corporate structure;
2. Enhancing labour productivity;
3. Further improvement of business processes.