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    Vartana Final Presentation

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    suryakantbhai
    Vartana is a proposed bank that would serve Canada's voluntary and non-profit sector. It would provide tailored financial products and services like loans and banking accounts to address the financial challenges facing non-profits, such as limited funding and access to capital. The bank aims to strengthen non-profits and help them fulfill their missions. It would operate as both a registered charity and a bank, establishing the first financial institution dedicated to serving Canada's voluntary sector.

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    Vartana Final Presentation

    Uploaded by

    suryakantbhai
    225 views14 pages
    Vartana is a proposed bank that would serve Canada's voluntary and non-profit sector. It would provide tailored financial products and services like loans and banking accounts to address the financial challenges facing non-profits, such as limited funding and access to capital. The bank aims to strengthen non-profits and help them fulfill their missions. It would operate as both a registered charity and a bank, establishing the first financial institution dedicated to serving Canada's voluntary sector.

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    Vartana is a proposed bank that would serve Canada's voluntary and non-profit sector. It would provide tailored financial products and services like loans and banking accounts to address the financial challenges facing non-profits, such as limited funding and access to capital. The bank aims to strengthen non-profits and help them fulfill their missions. It would operate as both a registered charity and a bank, establishing the first financial institution dedicated to serving Canada's voluntary sector.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    225 views14 pages

    Vartana Final Presentation

    Uploaded by

    suryakantbhai
    Vartana is a proposed bank that would serve Canada's voluntary and non-profit sector. It would provide tailored financial products and services like loans and banking accounts to address the financial challenges facing non-profits, such as limited funding and access to capital. The bank aims to strengthen non-profits and help them fulfill their missions. It would operate as both a registered charity and a bank, establishing the first financial institution dedicated to serving Canada's voluntary sector.

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    Download as PPT, PDF, TXT or read online from Scribd
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    You are on page 1of 14

    Vartana

    A bank of, by and for Canadas voluntary/ non-profit sector Presented By : ANNANYA
    Chintan Pandya 092110 Deval Pandya
    1

    Gaurav Mehta Gunjan Shah

    092116 092117

    092112

    Jitendra Shrimankar 092122

    VARTANA - Integration
    The Vartana Bank Concept Challenges for Voluntary Sector Building the Vartana Bank Concept The Vartana Bank Model Message Describing Vartana

    VARTANA...
    Vartana is a Sanskrit word that means the connection between community and commerce.

    AN INNOVATIVE FINANCIAL INSTITUTION DEDICATED TO SERVING CANADAS VOLUNTARY SECTOR


    The Bank will significantly enhance the options available to Canadas voluntary sector: By creating an innovative charitable financial institution built with the sector to better meet its full range of financial service needs By strengthening voluntary sector organizations, helping them become more effective and innovative in fulfilling their missions By building relationships and support across Canadas voluntary sector, regulatory and business communities By establishing a new bank that is economically viable and fits within current policy frameworks
    4

    A registered charity

    AND
    A bank

    MOST IMPORTANT CHALLENGE FOR THE VOLUNTARY SECTOR


    -

    Work for the Welfare of the Public


    Work for the betterment of the country.

    THE FINANCIAL CHALLENGES: WHAT NON-PROFITS ARE FACING

    Increasingly squeezed sources of funding, project funding from Government. Little access to capital markets Limited support from financial Institutions

    While non-profits have the imagination, commitment and enthusiasm to achieve their goals, most lack the financial infrastructure and advice they need to sustain and expand their work

    Lack of expertise in financial matters HR challenges including no bonus and insurance benefits Limited access to financial and strategic advice that is appropriate to non-profits

    ECONOMIC RELEVANCE OF THE VOLUNTARY SECTOR


    CSOs is a substantial portion of the economy* CSOs accounts for approx. 8% of Canadas GDP in 2003. CSOs contributes more to Canadas GDP than agriculture, food retailing, or telecommunications CSOs employs 1.0 million People or 8% of the labor force and has a sizeable asset base*

    Proposed Service Model for Vartana Bank


    Automated Banking Machine footprint

    Branch Network

    Internet Banking Website

    Phone Banking

    Stakeholders
    Funding Partners Foundations and Federal Government

    Charities and Not-forProfits

    Vartana
    Big Five Banks Major Credit Unions

    Public

    Products on Priority
    Credit products (lines of credit, Operating Loans) Savings and Chequing accounts: No fees, Pay

    High Interest & Low Interest Rates on Loans.

    10

    Upcoming Challenges
    Securing capital for the bank

    Engaging the voluntary/ non-profit sector

    Building relationship with credit unions

    Securing funds for our operations


    11

    Message Describing Vartana

    Grass root

    Innovati ve

    Secure

    12

    VARTANA

    VARTANA - CREATING A BANK THAT...


    Provides financial products, services and advice

    tailored to the voluntary/non-profit sector Is a part of the voluntary/non-profit sector Gives organizations access to financial advisors who understand their banking needs Offers guidance on a variety of topics Is customer-focused

    13

    Is Of, By and For the Voluntary Sector

    14

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