Project financing and risk management Essay Example | Topics and Well Written Essays - 3500 words

Project financing and risk caution - Essay ExampleThe risk teams work extremely hard to help to maintain the reputation as well as fiscal performance of the NCB Jamaica Ltd ? and also ensure that the intrust functions responsibly and assists the business to put forward in a meaningful and sustainable way. As corporate responsibility has turned out to be the buzzword in the banking business, banks are being forced to enthusiastically engage in providing to sustainable organic evolution? given their intermediate position in the fiscal system. The primary objective of this study is to recognize mixed risks? particularly the strategic risks faced by the banking industry and how to mitigate them. Strategic risk take post from the inability of an institution to execute suitable business plans and strategies, resource allocation after making smart decisions and its incapability to adjust to the changes occurring in its business environment. It is very important for banks to be serious in improving, measuring stick and reporting their risks as well as goals and objectives of their organization? as they will ultimately be trap to fight on benchmarking with competitors. 2. Introduction and Background. Jamaica is the third major(ip) island in Caribbean. National Commercial Bank Jamaica Ltd. (NCB Jamaica) is Jamaicas major provider of the financial services with 37.5% marketplace share by assets of the profitable banking sector. NCB offers a wealth of financial services in the course of its network of 42 locations and more than 170 ABMs island wide. These services consist of nest egg accounts and chequing, facilities of the credit card, commercial and personal loans, insurance, and wealth management. National Commercial Bank Jamaica Limited, jointly with its subsidiaries, offers different financial banking and products and services primarily in Jamaica. National Commercial Bank Jamaica Limited reported consolidated allowance results for the fourth quarter and yea r ended September 30, 2012. For the quarter, the company reported net profit of JMD 2,685,498,000 or JMD 1.10 per basic and diluted share compared to net profit of JMD 4,616,324,000 or JMD 1.87 per basic and diluted share a year ago. http//investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=20357150 The First Caribbean International Bank is a major Caribbean banking whole with assets in excess of US $9.5 billion and it is the second major institution among public traded financial organizations in the area with a market capitalization of above US $2 billion. The fundamental strategic precept of NCB Jamaica philosophy includes taking into account the interest of the stakeholders, customers, employees and their satisfaction. Strategic risk is a function of A banks strategic aims Strategies of business developed in order to accomplish the goals Resources set up in search of these aims and the superiority of implementation Resources required accomplishing both t angible and intangible business strategies It consists of channels for communication, tar networks, managerial capacities and capabilities and operating systems. The internal characteristics of an organization must be assessed against the impact of competitive, technological, economic, and regulatory and the other environmental changes. Strategic risk may occur due to several factors. The primary risk to inflation in the 2011/12 financial year is the exchange rate and the pass through effect on prices if there is accelerated depreciation.