Business planning is a process of determining a commercial bank’s objectives, strategies and projected actions to promote its survival and development within a given time frame.
Bangko ng Kabuhayan held its annual business planning last November 24-26, 2019 in Baguio Country Club. Members of the Bank Management team were all present in the activity and each imparted their business plans including SWOT analysis. President Leonard de Ocampo discussed the Credit Scoring using PFRS Model, which was approved by BDO, an Accountancy firm. Currently, the Bank is using 2 regression model system; Multiple Regression is easier to explain while Logistical Regression is harder to do. Below is a brief summary of the topics discussed during the said activity.
| DEPARTMENT / UNIT | PERSON – IN – CHARGE | TOPICS DISCUSSED |
| a. Accounting Unit | Ms. Shine Lymiele B. Factor, Accounting Specialist | · Actual Result of the Bank’s Financials as of October 2019 · Comparison between Actual vs Budget as of October 2019 · Projected result for the last two remaining months of 2019 · Other details for the sudden increase/decrease of income statement for the year · Projected budget for 2020 based on assumptions given by different departments” |
| b. Loans Department | Mr. Rene Roque C. Neri, VP – Loans and Business Development | · Introduction of Microplus S to SME clients · Presentation of the Departments’ Loan Releases Portfolio, Status and Percentage” |
| c. Business Operations | Mr. Manuel I. Inserto, VP – Business Operations | “· Time Deposits · New target or market location in Cavite area · Number of quota that have to be maintained by his people · 68M target for Daily · Proposal for tie-up with established remittances group” |
| d. Credit Support Department | Ms. Eden E. dela Cruz, Credit Support Supervisor | · Proper training for Collections personnel · Loan Documentation · Status of collections and past dues · ROPOA sale – Erlinda Roque · Annotation before releasing checks” |
| e. Funds Management | Ms. Jackielou H. Garachico, Senior Cashier | · Arrangement with Banks, updating the bank’s name from RRBI to BnK · Time deposit placement · Giveaways or freebies upon account opening · AMLA or KYC policies” |
| f. Compliance Unit | Ms. Jennifer E. Valcarcel, Chief Compliance Officer | · Completion of documents that have to be presented to BSP in reply to their findings · Trainings for compliance staff” |
| g. Internal Audit Department | Ms. Irene L. Simbajon, Internal Auditor | · Completion of pending findings especially on Loan Documentation from previous Auditor since May 2019 · Opportunity of the Auditor to witness Loan Releases and give out Loan Confirmation to our borrowers · Upon regularization, formulating a Risk-Based Audit Plan for 2020″ |
| h. HR Department | Ms. Therese S. Datinguinoo, VP – HRM and Admin | · Presented total Manpower in the Bank · Bangko ng Kabuhayan website inquiries · Formulation of the Vision and Mission of the Bank based on the collaboration of different departments” |
