Banco Solidario, S.A.: Recovery Strategy 2000-2004

 This is an original MFMI resource

Author: Caballero, Karina; Melgarejo, Mauricio; Ogliastri, Enrique
Publication Date: 2005
Publisher / Source: INCAE Business School
Length: 35 Pages
File Type: PDF
Language: English
Country: Bolivia
Topics: Governance and Leadership, Organizational Development, Strategic and Business Planning
Keywords: organizational structure, strategy, social responsibility, crisis, Bolivia, governance

Notes:

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Abstract

Five years had passed since, in April 2000, Kurt Koenigsfest, took over as the Chief Executive Officer at Banco Solidario S.A. BancoSol, as the institution was known, had its headquarters in La Paz, Bolivia, and had become the top Latin American bank specializing in providing microbusiness services. Since its beginning in 1992, BancoSol had achieved excellent results and had become an international reference point in the microcredit area. In mid-2000, however, external and internal factors caused its performance to decline. Kurt and his management team set a strategy into motion that led the bank to be rated as the best institution in the Bolivian financial system in 2004. The time had come to plan for the future; the management team had to establish BancoSol?s primary lines of action for the next three years.