The managers of German banks look very pessimistic about the future. 92 percent of the Institute expect that it comes in the next three years, major mergers and acquisitions – or banks will adjust their business entirely. The big bank dying expect the bankers but apparently only for the period from 2017. Only 42 percent are already for this year of consolidation, and then only in savings and cooperative banks
61 percent of the institutions will however assume that they are already cut jobs in the next twelve months. The proceeds from the annual “Banking Barometer” survey of business consultancy EY forth, were interviewed for the 250 leading banks in more than a dozen European countries, 72 of them from Germany.
“The situation in the German banking sector remains difficult, the winnings are provisionally remain low,” said EY partner Claus-Peter Wagner. Most institutions have responded by cutting costs. Finally, personnel costs accounted for more than half of the operating costs. “But you also need reinforced think about new sources of income and, for example, fees for banking services require that nothing had so far,” said EY-banking expert Dirk Müller-Tronnier. (Can as customers on new bank charges react, click here)
It is striking that the mood among bankers in the rest of Europe – except Poland – better than in Germany. In the Federal Republic therefore expect 42 percent so that their operations will run worse than before. Only 31 percent of banks expect at least a slight improvement. Across Europe there are, however, more than half of banks emanating from better business than before, only one quarter believes that it will run worse.
This is also reflected in the return expectations low. While Europe’s banks expect an average improvement of return on equity of 1.1 percent, going German Institute for 2016 from a decline of 0.2 percent. The most confident give themselves according to the survey, the institutes in Ireland, UK and Spain.
How do I get my bank going ?
No comments:
Post a Comment