For You: “How to procure Goods & Services in 4 steps” with Todor Nenchev
Dear valued readers,
Today we share with you the unaudited consolidated results for the nine months ending 30 September 2017 that our Group, 4 finance, has announced earlier this week, supported by comments by Mark Ruddock, CEO of 4finance.
We shall Meet & Greet Ionut Sabadac, Head of Point of Sale Financing and main contributor to the Bankly project and new POS working flow implemented in Romania.
You will learn more how Black Friday – the biggest shopping event of the year in Romania, was branded. We shall also speak about how we can help optimize the business processes by submitting our great ideas in the new Helpdesk functionality that has just been developed. And, … get rewarded if our idea is successfully implemented.
We shall also share with you why our Senior Vice President, Lending and Distribution – Gergana Staykova met the Bulgarian Vice President, Ilyana Iotova.
If you are eager to learn more about Dobrodea region, our colleague Daniel Popa will be our kind tourist guide to take us around.
Internal Communication manager
4FINANCE REPORTS RESULTS FOR THE NINE MONTHS ENDING 30 SEPTEMBER 2017
INTEREST INCOME UP 14%, PRE-TAX PROFIT €49.5 MILLION, STRONG QUARTERLY ORIGINATION
4finance Holding S.A. (the ‘Group’ or ‘4finance’), Europe’s largest online and mobile consumer lending group, part of which is TBI Bank, announces unaudited consolidated results for the nine months ending 30 September 2017. You may find out more about the Financial and Operational Highlights on the official website.
Mark Ruddock, CEO of 4finance, commented: “These results evidence our focus on returning to profitable growth, the highest organic quarterly growth in two years. With interest income growth of 14% year-on-year and profit before tax of €49.5 million for 9M 2017, our year to date performance remains solid. The significant quarterly reduction in the cost to income ratio demonstrates our drive to optimize performance. “We have strengthened our executive committee, adding our regional and bank leaders, enabling us to leverage direct experience from the field and streamline our decision making.”
MEET & GREET
Bankly project: Our goal is to become the market leader in POS lending
Today we speak with Ionut Sabadac, Head of Point of Sale Financing and main contributor to the Bankly project and new POS workflow implemented in Romania.
Ionut, please share with us more on what Bankly is and what the expected outcome is?
The Bankly application was created and implemented so that we have a market competitive front-end solution which provides answers (Time to Yes) within ~ 20 minutes. For comparison, before Bankly, this time was 1 day. The new application together with the entire workflow is making an impact in 3 main directions:
– Merchant experience: now the merchants can move much faster and sell/release their goods to applicants. With the new application, we provide them with a really efficient solution that will gradually become their preferred financial provider
Black Friday is TBI branded: The biggest shopping event of the year in Romania!
Black Friday is mainly popular with the US and getting speed in Europe, but in Romania, it’s a real rush!
Having started on the 16th of November, the biggest retailers are offering crazy sales that Romanians cannot lose!
This month is all about getting the best offers and impressive discounts and here, at TBI Bank we constantly offer the best solutions for our customers to meet their needs.
Starting as from 11th until 30th November 2017, we’ll be celebrating Black Friday with our clients giving away 20 Equal, Easy Installments/ 20 minutes Approval / 20 Black Friday Days.
You will recognize us in all our partners’ stores – small merchants, that are teasingly branded with our dedicated merchandising kit, highlighting the campaign.
Do you have an idea? Lead the change, shape the future, and get REWARDED
In our 5th edition of the bulletin, we shared with you that we needed an easy process of collecting and growing new ideas to solve existing problems and discover new opportunities, and we wanted to give you all the chance to be involved.
Now it’s life: the place where ideas are collected from around the company, evaluated and considered for development; the place to maintain a backlog of ideas where we can identify innovative ones, process, review, evaluate and make strategic decisions around the ones we want to move forward with. We can then initiate projects and implement them.
Invitation: We are happy to present you with the brand new functionality in the Help Desk for receiving your great ideas! And you are officially invited to contribute!
Easy, quick, just a click away: we made it as simple as possible for YOU to contribute to the future of our organization.
Please remember: there are no bad ideas! All ideas are welcome, we will evaluate them, treat them fairly in full transparency and further develop them together.
“How to procure Goods & Services in 4 steps” with Todor Nenchev
“To have Permission, you need signed Definition,” says Todor Nenchev, Head of procurement, who joined TBI Bank in April to establish our effective procurement processes. His primary role is far beyond helping us all obtain goods and services in response to our increasing internal needs. At the current environment, all organizations tend to be sustainable, to have their growth and to manage the risk. Procurement function is an integral part of these organizational trends and covers the correct budget spends. The important role of the Procurement is to provide a uniform set of standards and principles for maximizing the effectiveness of sourcing and procurement practices across TBI Bank in order to achieve effective budgets spent. Todor is implementing this effective procurement process to ensure that payments are executed only for goods and services that are approved and all internal rules are followed. He provides guidelines and supports all departments in our spends. Through effective use of the already implemented tender process, the procurement function manages supplier partnerships and optimizes assets and capital utilization.
“The important task of strictly following our internal procedures often doesn’t get the respect it deserves. Most people recognize the need to, but often get into the desire to skip it.” says Todor who will show us in 4 easy steps …
DID YOU KNOW?
Our Senior Vice President, Lending and Distribution – Gergana Staykova meets the Bulgarian Vice President
Our Vice President, Lending and Distribution – Gergana Staykova, took part in a meeting between Vice President Iliyana Yotova and representatives of banks, insurance and pension companies, held on November 8th in the Presidency building.
She stated the position of the Bank as a socially responsible organization, willing and committed to integrating the social agenda into its business strategy.
“Public-private partnerships are among our preferred approach in our future social projects to give our corporate support in areas such as education, culture, healthcare, ecology, improving the financial culture of the population,” shared Mrs. Staykova in front of the vice president and the other representatives of financial institutions.
The social issues discussion with representatives from the banking sector was initiated by the Banker newspaper.
EAGER TO LEARN
A tour in Dobrodea with Daniel Popa, Agency Manager, Constanta
It’s my honor to take you around Dobrodea –the beautiful region located in Southeastern Romania – between the Danube River and the Black Sea, it’s the home to the Danube Delta, a 2,200-square-mile wildlife reserve designated by UNESCO as a “Reservation of the Biosphere;” the ancient port city of Constanta, and the seaside resorts stretching along Romania’s 152-mile Black Sea coast.
From the port city of Tulcea, day cruises through the Delta’s waterways give travelers a glimpse of the abundant wildlife and the traditional fishing villages. Floating reed islands, sand dunes, and waterways offer shelter to over 300 species of birds, countless fish and 1,150 species of plants.
South of the Delta, the historical city of Constanta serves as a major port on the Black Sea. Featuring several museums, historical monuments, fine mansions and a grand casino, the city is the focal point of Black Sea coast tourism. A strip of fine-sand beaches dotted with seaside resorts named after women and mythological gods stretches from Constanta to the Bulgarian border. The cuisine of Dobrogea, mainly based on fish, is a mix of Romanian, Greek, Turkish, Tartar and Bulgarian flavors, and recipes. One of the traditional dishes of the region is the Tripe Soup. The delicious local salad, called Salata Dobrogeana, is what our Bulgarian colleagues know as shepherds’ salad.
“So, you see, even separated by a border, there are no borders between us – one company, one family,” says Daniel.
QUOTE OF THE DAY
“Our goal is to become the market leader in POS lending” Ionut Sabadac