The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Things may get better in Bavaria

Rampl: "We're going through all our
businesses and asking 'do they make
money, do they fit our future, or not?"

"I wish my last year had been in better times," sighs Albrecht Schmidt, soon-to-be ex-CEO of HypoVereinsbank, over lunch in a London restaurant. "There's still so much to do." Officially Schmidt is still CEO until January - the changeover was bought forward from May to pacify investors - but when Euromoney meets him in mid-November, he's already handed over day-to-day responsibility to the new CEO Dieter Rampl. Schmidt now spends his time shuttling between Munich, Brussels and London in his job as an ambassador for the Munich Finanzplatz.

He's right that HVB still has a huge amount to achieve before investors take it seriously again. But at least there are analysts and bankers who still believe the bank has a fighting chance of survival. "HVB will eventually be the number one German bank," says one analyst.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree