Section C

Date: 2015-10-07; view: 523.

C1

· So far we have heard about and looked at the structure of a large American bank and a British merchant bank. Now we are going to look at the work of a savings bank. Look at the following list of banking services. Put a tick (ü) next to those that are traditionally associated with savings banks.

C2

· Now listen to Larsen describing the organization of the Scandinavian savings bank he works for and fill in the organization chart below. Listen twice if necessary.

C3

· Look at the following extracts from Kai's description of the savings bank. Work with a partner and note down what you think the speaker says instead of the words in italics. Then listen to the section again and compare your answers with the words Kai actually uses.

1. ... to understand just what we are and that is a ……………….. .

(bank set up to accept deposits from members of the public)

2. … ……………..in 1878 ... (setup, established)

3. In 1980 we ………… with the two largest regional savings banks .... (joined together)

4. ... and effectively this now gives us a ……………………… to serve the private customer ... (system of local offices over the whole country)

5. There's a Board of Directors, which is elected by the Board of …………..… … (people responsible for administering money or property for the benefit of others)

6. ... to gain access to the ………………… … (markets in which there are good profits)

7. ... markets dominated by the ............................ ………………………. . (banks which offer a wide range of services to the public, to companies and to other organizations)

8. … ………………… 1970 ... (before)

9. ... couldn't accept deposits …………………. the equivalent of ... (more than)

10 ... granted an international …………………. of 45 million dollars ... (loan of money at a fixed rate of interest, involving a certificate of the debt)

11. ... and which had a …………………. 50 per cent of which

(an entire collection of loans )

12. ... and expanding worldwide ……………………. (arrangements with banks who act for each other)

13. ... major investments in terms of ………………….. … (people who work here)

14. ... necessary for us to be able to ……………………. . (increase the range or extent of our operations)

C4

· You are going to make a short presentation of your bank or company. Look through the list of points below and decide in which order you will use them in your presentation. Then compare your order with that of a partner and discuss any differences.

– Range or services

– Financial performance

– Structure

– Specialized products

– Geographical representation

Section D

· Answer the following questions:

1. How many operative and servicing divisions is the bank of Ed Walker split into? Evaluate their functions.

2. Which geographic groups offer a full range of international services?

3. What are the cost centre services? What division performs these services?

4. What does Banking Division deal with?

5. Whom does Corporate Finance Division provide advice to?

6. What is the function of Leasing Division?

7. What is package?

· Make a short presentation of the structure of your bank or company.

· Act out the dialogues between:

1. Presenter and Ed.

2. Presenter and Clive.

3. Presenter and Kai.

D1

Quickly read the text below, which is taken from an annual report of one of the world's largest banks. Then choose the best heading from this list.

The year in brief

Financial review

Global banking resources

Notes to the accounts

Foreign locations

To service the needs of different client groups effectively, the Bank is organized into three broad groups: the Domestic Banking Group, the Corporate Banking Group and the International Banking Group.

The basis of the Bank's strength continues to be its domestic banking operations. The Domestic Banking Group's network of 295 branches provides a full range of banking services nationwide and is the largest network in the country.

The Corporate Banking Group is responsible for servicing the complex needs of over 200 of the nation's largest corporations. Of the Bank's total domestic deposits and domestic loans outstanding, the Corporate Banking Group accounts for 25 per cent and 40 per cent respectively.

The Bank continues to develop and expand its international operations, and in fiscal 2000 foreign earnings surpassed those of the country's other leading banks for the fourth consecutive year. Since January 1 2003, the Bank has opened six new representative offices and has upgraded the Rome representative office into a full service branch. Our strong international presence is currently maintained through 12 branches, 18 representative offices, two agencies and 10 subsidiaries and affiliates.

The International Banking Group includes regional departments which assume responsibility as follows: the Americas; Africa, Middle East and Europe; Asia and Oceania. The Group includes both the Correspondent Banking Department, which is responsible for the Bank's correspondent banking network of some 1,500 institutions, and the Merchant Banking Department.

Also within this Group, the International Treasury Department specializes in foreign exchange and funding operations, while the International Planning Department is responsible for strategic planning. The International Business Supervision Department is responsible for the assessment of country risk and corporate credits, as well as for systems development and for ensuring compliance with regulations regarding international business.

The Bank continues to respond well to market dynamics both at home and abroad. Part of the Bank's strength lies in the wide spread of its representation and in its ability to develop sophisticated new services to meet the changing patterns in banking opportunities. The Bank's aim is to ensure the continued prosperity of the group by means of its dedication to service and by expanding the scope of its activities, both geographically and functionally. We believe that we have the right organization to do this in the period ahead.

D2

· Using the information in the text you have just read, complete this organization chart.

D3

· Based on the information in the text, say whether the following statements are true or false.

1. The Corporate Banking Group services the needs of 1,500 of the nation's largest institutions.

2. The Corporate Banking Group plays an important part in terms of the bank's domestic deposits and domestic lending.

3. 1991 was the fourth year in a row in which the bank earned more money abroad than any other bank in the country.

4. The bank has 30 branches and representative offices abroad.

5. The bank plans to increase its international operations.