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