Vartana

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

AND
A bank

MOST IMPORTANT CHALLENGE FOR THE VOLUNTARY SECTOR

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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.

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Upcoming Challenges
Securing capital for the bank

Engaging the voluntary/ non-profit sector

Building relationship with credit unions

Securing funds for our operations

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Message Describing Vartana

Grass root

Innovati ve

Secure

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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

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Is Of, By and For the Voluntary Sector

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