The British call it “Kitchen sinking”: A new management takes all the difficulty and grabs you at the start in your numbers. Following this pattern, the new leadership moves in the case of the Raiffeisen group Board of Directors President Guy Lachappelle, and Heinz Huber.
Due to the already announced in January Value adjustments on the wild purchases of the Vincenz Era of the year profit drops 41 percent to 541 million Swiss francs.
all the same, With the reappraisal of the Era Vincenz, the Raiffeisen is progressing properly. The key persons are replaced, the internal reform process aimed at balancing the power relations better for the benefit of the basis of banks against the Central, is in the pipeline.
depending on the interest rate business
However, with a view to the Bank’s business Lachappelle and Huber only at the very beginning. Your strategic Problem to a single number, 70 percent are reading:.
So the proportion of interest revenue to the total income. Even the Postfinance with 52 per cent a lower value, but still too high.
Vincenz wanted to reduce with the acquisitions of Fund management companies, notenstein private Bank, as well as the participation in Leonteq this dependence on the interest-earning business. The next went crashing down.
The chronicle-Raiffeisen-scandal the affair Vincenz came into the roles. (Video: Tamedia, SDA)
Now need to show lachappelle and Huber, that you know better and less risky ways to reduce this dangerous dependence. This was heard by the lords to date, but very little.
Raiffeisen’s mortgage-Hunger
So it can’t go further: Raiffeisen operates in the core business of mortgage lending is an ever-hotter tires, and brings out always less: long-term loans grew by 4 percent, the market share increased further. Nevertheless, only a mini – plus in the interest of business of 1.7 per cent was left over – suppression of depreciation.
The Swiss national Bank, Raiffeisen’s Hypo-Hunger has long been a thorn in the eye. Lachappelle and Huber here, not soon, against taxes, should new Trouble threatens the Bank here. As fierce as a sudden rise in interest rates followed by a price crash would hit in the real estate market, the Bank in the current Constitution, don’t like to even imagine. (Editorial Tamedia)
Created: 01.03.2019, 08:02 PM