ChatterBank1 min ago
Organizations choosing a bank
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What are some considerations firms or organizations consider when choosing a bank?
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Value for money mostly. I presume what your question means is ... for example...why does powergen (FIRM / ORG) bank with HSBC (BANK).
Value for money tops the list - but then again there are considerations like lending criteria - risk control - portfolio management - exposure - and mostly if the business manager knows the CFO of the contracting firm. BIG companies tend NOT to move credit and finances around (re: ford; GM Motors) but if they are lured well - YES they do shop around as well.
Hope this helps
Value for money mostly. I presume what your question means is ... for example...why does powergen (FIRM / ORG) bank with HSBC (BANK).
Value for money tops the list - but then again there are considerations like lending criteria - risk control - portfolio management - exposure - and mostly if the business manager knows the CFO of the contracting firm. BIG companies tend NOT to move credit and finances around (re: ford; GM Motors) but if they are lured well - YES they do shop around as well.
Hope this helps
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