Banking system stability is essential for a market economy to function and to economic growth. GFA Consulting Group commits itself to enhancing the role of financial institutions, in order to broaden national financial systems and to increase the supply of financial services to entrepreneurs and private individuals. To be able to cope with this task, efficient and independent financial institutions need to adhere to international standards.

GFA Consulting Group supports this process by promoting sound banking practice and operations management. We assist banks in restructuring their organisation as well as operations, developing a strategy and business plan, improving their procedures and policies, enhancing their risk management and information management systems, etc.

As a part of the bank's re-engineering process, every facet of the bank's operation is analysed. We regard each function as follows: "Let us forget how we are doing it. We must ask ourselves what do we intend to achieve with this function and how can we develop a more efficient system to reach the same result?"

After carefully analysing the specific situation of the financial institution and taking the national financial, economic and political framework into account, we design a tailor-made, detailed step-by-step plan to reduce found weaknesses and to strengthen and speed up the specific performance of the financial institution, so that it can meet international best practice standards.

Our approach starts with bank re-engineering and the reforming of financial institutions, but also includes support of Financial Institutions in specific fields. As part of bank re-engineering and Financial Institutions reform, the following key issues and instruments require special consideration:

• Strategy and business planning
• Policies and procedures
• Risk management, incl. asset and liability management
• Cost accounting
• Internal control and audit
• Treasury
• Management information systems (MIS)
• Product development and marketing
• Human Resource Development, especially training