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Can't imagine a punitive interest

At Raiffeisen had earlier Ex-boss Pierin Vincenz alone the Say. This should never be possible. Therefore, the Assembly of delegates decided to create two new institutions. But the group is not even more complicated?
no, the collaboration is more agile and faster. The bodies are now legitimised from the base, and they are transparent. Thanks to you, we are constantly with our customers, the cooperatives, in exchange. As a result, we work in the future targeted.

The main problem this solves: Raiffeisen Switzerland is legally the daughter of the Raiffeisen banks. In fact, Raiffeisen Switzerland controls but the group. Not mill, the control panel will still be stronger in a pinch?
no – the common roof about the strategy of the group. The work has already begun. In the first Semester of the new year, the strategy will be adopted. After that, it goes only to questions of implementation.

The Raiffeisen banks, the Council, the new body of the regional cooperatives, has no authority. Why should listen to the Central on it?
With the new Board of the exchange has a fixed Form. The cooperatives can influence, and Raiffeisen Switzerland will listen to you. Because if you are produced to your customers, then something is wrong.

Finma wants Raiffeisen Switzerland, is examining the transformation into a joint-stock company. What is the result?
It will change nothing. Finma has accepted that our cooperative model to a LTD benefits.

Raiffeisen Switzerland operates in major cities own branches, and thus makes its own member banks, competition. Now this city should be separated from branches. But how?
I would hope that the customer will be enjoyed there, scientists. The affected branches want. But the question is: Are there other scenarios, if we succeed?

you want to search for it in Basel, Zurich or new members?
Yes, that is a possibility. In the case of all other Raiffeisen banks, the customers are members, as soon as you have a loan from us. We have tested in the office in Thalwil ZH already, how big would be the interest of the customer, to be enjoyed by scientists to. It is very large.

Until what time will fall, a decision to spin-off?
I assume that the most important preparations for 2020 have been completed.

The new cooperatives need capital. Of the share certificates?
no, they will only contribute a part of the capital. Raiffeisen Switzerland will give you a share capital. Without this it would not work. We are currently discussing about how big it is.

The Executive Board of Raiffeisen Switzerland, is not yet filled completely. Are you still satisfied with Chef Heinz Huber?
I am very satisfied. Faster always, but not careful. Mr Huber has started in January 2019, and since then, the business line re-compiled. We can afford as a system-relevant Bank, no mistakes.

The conversion has been triggered by the affair Pierin Vincenz. What is the state of things in the proceedings against the Ex-boss?
We have no influence on it. I assumed that the charge is levied in this year. Now it will probably be next year.

"In the case of negative interest rates on savings accounts, the risk is high that the savers get their money of the
banks."

Remains the Decharge for the old leadership to be postponed, as long as the procedure is running?
Yes, we first want to know all the facts.

And what about the dispute with Investnet? There it is for the Bank to million.
I can't say anything. It is known that we challenge the contracts, because we see ourselves deceived.

How it goes with the participations of Raiffeisen Switzerland?
Raiffeisen has cut in half the financial commitment in the area of investments more than. We will run this course. But we also have a mandate for participation and to design a cooperation strategy. Unlike before, we don't want to diversify at Raiffeisen Switzerland, but we want to develop new business, of which all of our Raiffeisen banks will benefit.

So, acquisitions of participations would be possible again?
Yes, if it fits in the predetermined strategy. But not if it is simply to be bigger.

Raiffeisen is heavily dependent on the mortgage business. How do you change that?
Every fifth mortgage in Switzerland is one of us. This is a treasure that we should do more. This is also a theme of the group's strategy.

What plan?
at the beginning of the next year we go with a policy paper on the banks. The diversification and digital Transformation are an important issue. A proposal in the fact that Raiffeisen takes in the future, all of the topic Places. We could offer in addition to financing discussions and hedge transactions.

Into the insurance business, UBS and Credit Suisse are pushing already. Draws Raiffeisen?
Today, it is by design easier to combine products. I think this topic is a large income potential. We must therefore examine.

competitors require private customers with negative interest rates. When is this for you?
I can't imagine the. If in the case of savings accounts with negative interest rates are introduced, the danger is great that it comes to a Bank Run – so that savers get their money from the banks.

amounts charged to Raiffeisen no negative interest rate?
With us, there is no threshold for private customers. But we do not pay attention to the fact that customers simply bring their money from other banks with negative interest rates to us.

Created: 17.11.2019, 23:23 PM

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