Bancpost has many clients, also products, but multiple saleshave not functioned so far, and relationships with clients areweak. Retail brings the largest part of revenues, but a systemicbank needs to be stronger on the corporate side as well. The areaof large corporations is not sufficiently accessed. Costs need tobe closely watched, and the bank needs to revert to sustainableprofitability, inclusively on the rising market share.
This is the general diagnostic given by Peter Weiss, a CEO withBancpost since January 1, brought by Greek EFG Eurobank with thetask of running the turnaround of the bank celebrating 20years.
Peter Weiss, 51, will personally run the Bancpost's corporatebanking unit, planning to turn the bank into a relevant playerinclusively on the niche of large companies, balancing the ratiobetween retail and corporate revenues.
"We're not seeking a corporate banking head as I will personallyoversee this area. However, I will not turn Bancpost into acorporate bank, but the target is to turn it into a more balancedbank. (...),"Weiss says.
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