Background History

Established in 1784

Bank’s Constitution Alexander Hamilton

Support of economic growth

Trust businesses

Company Profile

Largest financial holding

Operates approximately 350 branches in the New York metropolitan area.

Around 18,000 employees

• Mission Retaining the confidence of

our customers.

• Statement of Purpose

Forming strategic partnerships to meet the credit needs of individuals, businesses municipalities and community-based organizations.

PERSONAL PROFILEBoard of Directors

J. CARTER BACOTRetired:Formerly Chairman and Chief xecutive OfficerThe Bank of New YorkCompany, Inc. and The Bank of New York

FRANK J. BIONDI, JR.Senior Managing DirectorWaterView Advisors LLC

GERALD L. HASSELLPresidentThe Bank of New York, Inc.And The Bank of New York 

JOHN A. LUKE, JR.Chairman, President andChief Executive OfficerWestvaco Corporation

DONALD L. MILLERChief Executive OfficerAnd PublisherOur World News, LLC

CATHERINE A. REINPresident and Chief Executive OfficerMetropolitan Property andCasualty InsuranceCompany

Logo :

Corporate Identity:

Slogan:

Empowering your business

SWOT ANALYSIS

Strengths:

* During the course of its business life, the bank has lived through six major panics, ten economic depressions, and has seen the country shaken by seven wars.

* The Bank of New York looks forward to meeting the challenges and opportunities of today’s rapidly changing global

Weaknesses and Threats:

* The Bank of New York doesn’t have weaknesses and threats, because of their strengths.

Opportunities

* The opportunity to adapt to world’s changes.

Financial Plan

NET INCOME (in million dollars)

0

0,5

1

1,5

2

1997 1998 1999

EARNINGS PER COMMON SHARE (in dollars)

0

0,5

1

1,5

2

1997 1998 1999

Financial Plan

RETURN ON AVERAGE ASSETS (in percent)

0

0,5

1

1,5

2

2,5

3

1997 1998 1999

Financial Plan

Bank of New York’s Services:

Individual Services:• Auto Loans : The Bank of New York offer automobile loans at competitive rates for

new and used autos.  We also offer motorcycle, boat, and recreational vehicle loans at attractive rates.

• Features -- Minimum loan amount $2,000 / No maximum amount*

– Fixed and variable rates available – Repayment terms from one to five years** – Fixed monthly payments – Small down payment on auto loans – 60-minute loan response.

Credit Card

The Bank of New York offers three types of credit cards :

Bank of New York platinumBank of New York GoldAnd Standart Master Card ®

Home Secured Loans

The Bank of New York offers homeowners loans to meet

your financial needs.

• Our homeowners loans offer many attractive features including:

1) No points, fees or closing costs2) Competitive rates3) Fixed monthly payments

Student Loan

• Our education loans let students focus on what’s important like choosing which classes to take and studying for exams.

• Stafford loans provide a financial solution for college students facing today’s hefty tuition fees.

FEDERAL SUBSIDIZED STAFFORD LOANS

The Federal government pays interest on the loan while the student is in school and during the grace period

before repayment begins.

Eligibility

• U.S. citizen or permanent resident. • Full or half time undergraduate or

graduate student. • A credit check is not required.

FEDERAL UNSUBSIDIZED STAFFORD LOANS

A Federal Unsubsidized Stafford Loan is available to students who do not qualify for subsidized loans. The

borrower is responsible for paying the interest from the time the loan is

disbursed until it is paid in full.

Eligibility

• U.S. citizen or permanent resident • Full or half time undergraduate or

graduate student • A credit check is not required

 

PLUS loans, provide a financial solution for parents who want to help their children pay for college.

Features and Benefits

•Available to parents regardless of income or assets •Low variable rate capped at 9.00% •Requires no collateral •Flexible repayment options

PLUS LOANS

Loan LimitsTotal cost of education less financial aid received

Small Businesses:

Business CheckInvest®

Business CheckInvest provides an easy yet effective way to maximize earnings on your company’s idle checking account funds.. You can open a Business CheckInvest account with a $25,000 deposit. Then set-up your account. It’s that simple.

Insurance Program Accumulating Wealth

•  A well-designed financial plan can help you manage cash flow, invest wisely, minimize taxes, and ultimately ensure that your assets are distributed in accordance with your wishes. 

CORPORATE INSTITUTION

International Cash Management

Delivering the transaction processing and international financing you need to succeed in an increasingly global business environment.

Cash Management Advantages

•Global custody and securities processing leadership •Availability in all major markets •Real-time, online, multicurrency reporting •Depositary receipts, securities lending, stock transfer, and corporate trust •Robust foreign currency support •Payment and deposit services

After research we conclude we should follow this kind and way of handling the banking business in Ecuador. If Ecuador imitates all from the USA, why we don't follow their business structure so we can succeed in our banking system.

Conclusion

THE END