Your results this year were pretty impressive considering market conditions but as usual rely on income from retail banking. Do you believe that’s sustainable?
We had a good year in retail banking but it wasn’t the only business driving results. The performance of the corporate and investment bank is absolutely brilliant considering the performance of the sector. SG is among the best performers in Europe, with a 16.3% return on equity excluding restructuring costs.
We have now reached what I consider to be a good allocation of equity.
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