Commerzbank CFO on Earnings, Consolidation, Brexit

The transcript discusses the market conditions and strategic decisions of a bank, focusing on the competitive environment, interest rates, and performance in corporate and retail sectors. It highlights the sale of EMC to focus on core business and manage costs through digitalization. The bank aims to meet revenue targets despite challenges. Industry consolidation is seen as necessary, with a focus on national over transnational mergers.

What is the company's outlook for the competitive environment in 2019?

• It will become less competitive.

• It will remain competitive.

• It will become more competitive.

• It will not affect the company.

How does the company plan to handle margin pressure in its core business?

• By exiting the market.

• By increasing prices.

• By reducing staff.

• By focusing on volume growth.

What is the company's strategy for managing costs?

• Increasing operational costs.

• Investing in digitalization.

• Reducing digitalization efforts.

• Investing in new markets.

What is the company's revenue target for 2020?

• 9.0 billion

• 9.5 billion

• 9.2 billion

• 9.8 billion

What is the company's view on the number of banks in Germany?

• There are too many banks.

• The number of banks is irrelevant.

• The number of banks is just right.

• There are too few banks.

What is a major challenge for transnational consolidation in the banking industry?

• Lack of technology.

• Lack of interest from banks.

• High regulatory and tax burdens.

• Insufficient market size.

What is the company's first priority according to the discussion on consolidation?

• International expansion

• Reducing the number of banks

• Commerce Bank 4.0

• Mergers and Acquisitions