In case of Raiffeisen Bank, van Groningen has adopted a healthy strategy, focusing on existing clients, trying to balance the loan/deposit ratio, and carefully monitoring cost management.
“I believe this would be a good time to raise market share. The problem is that you must find low-risk opportunities. You have to be very balanced to allow yourself to think about this. But for now, the healthy strategy is to focus on existing clients,” said the President of the Austrian bank.
The company official said that the banking system will register lower profit this year than in 2008, of €1.27 billion, while the growth on assets will exceed the growth rate of gross domestic product (GDP).
