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STRATEGIC Plan

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WINNING BACK OUR FUTURE - 2019-2023 STRATEGIC PLAN

The plan represents projections of the bank's potential in the up-coming years, and can be the basis for an acquisition by / or combination with a potential investor

 

It follows three steps that build on one another

(1)Fortify the balance sheet and strengthen the capital position in 2019
(2)Reach Breakeven in 2020 based on short-term operating/ business levers
(3)Develop a profitable bank from 2021 onwards starting with a fundamental turnaround in 2019

 

Key is the successful disposal of most of the bank's NPE legacy and a capital increase (including the substitution of the 320M€ T2-bond) in the 1st half of 2019

 

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