Bancpost has many clients, also products, but multiple sales have not functioned so far, and relationships with clients are weak. Retail brings the largest part of revenues, but a systemic bank needs to be stronger on the corporate side as well. The area of large corporations is not sufficiently accessed. Costs need to be closely watched, and the bank needs to revert to sustainable profitability, inclusively on the rising market share.
This is the general diagnostic given by Peter Weiss, a CEO with Bancpost since January 1, brought by Greek EFG Eurobank with the task of running the turnaround of the bank celebrating 20 years.
Peter Weiss, 51, will personally run the Bancpost's corporate banking unit, planning to turn the bank into a relevant player inclusively on the niche of large companies, balancing the ratio between retail and corporate revenues.
"We're not seeking a corporate banking head as I will personally oversee this area. However, I will not turn Bancpost into a corporate bank, but the target is to turn it into a more balanced bank. (...),"Weiss says.
Bancpost has many clients, also products, but multiple sales have not functioned so far, and relationships with clients are weak. Retail brings the largest part of revenues, but a systemic bank needs to be stronger on the corporate side as well. The area of large corporations is not sufficiently accessed. Costs need to be closely watched, and the bank needs to revert to sustainable profitability, inclusively on the rising market share.
This is the general diagnostic given by Peter Weiss, a CEO with Bancpost since January 1, brought by Greek EFG Eurobank with the task of running the turnaround of the bank celebrating 20 years.
Peter Weiss, 51, will personally run the Bancpost's corporate banking unit, planning to turn the bank into a re
