EFFICIENCY IMPROVEMENT IN BANKING USING LEAN (AUTOMOTIVE) STRATEGIES
- Tamas Rozsa
- Mar 13, 2018
- 1 min read
The Hungarian Banking sector is in a prolonged crisis, more efficiency improvement is needed:
Stricter regulations and equity requirements
Stronger customer protection
Unaccommodating political and legal background
Limited cost reduction potential
Limited growth of loan portfolio, due to (i) decreased demand for retail products and real estate products; (ii) delayed corporate investments; (iii) doubts about local government, state owned enterprise and country sovereign risks; (iv) risk taking decreased dramatically
Return to profitability in the Hungarian Banking sector requires strategy changes and efficiency improvements = LEAN thinking
The full study is available upon request
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