Banking Organization ~ Bank Organization

Banks are complex, organized structures where there are several divisions working in harmony helping one another.

Each bank has its own organization. There are some differences in the names of the areas or departments, but there is a basic common structure. There are divisions, which are composed of several departments, such as:

Administration Division: Deals with all the administrative matters. These include planning, financial control, accounting and auditing, computer services, legal services, personnel, and so on.

Banking Division: Deals with loans, syndicated loans, project finance, overdrafts, documentary credits and correspondent banks.

Dealing Division: Covers foreign exchange, currency, money market transactions, bonds, floating rates and Eurodollars.

Corporate Finance Division: Provides advice to a large number of companies and individuals about mergers, takeovers, acquisitions and divestment, as well as operations on the stock market.

Investment Management Division: Provides services to companies such as pension funds, investment trusts and offshore funds.

In each of these divisions there is a person who has the maximum authority: the CEO (chief executive officer). Under the CEO are the department managers who are responsible for their specific areas. In addition, each area has a sector or area manager: For example, the recruitment manager reports to the human resources manager, who reports to the CEO.