[Strategy] Sale: Euro-Bank sol

[Strategy] Sale: Euro-Bank sold branch offices in the USA which offered services like client advisory. management of bank accounts and investments. Some of these services were replaced by online banking.Numerous advisory services were outsourced in order to release resources for the PBC division. Restructuring: Costs could be decreased by restructuring measures or the dismissal of employees.The return on net assets could be increased by a rearrangement of the risk assets and a share buyback. Acquisitions: To provide private clients with a more individual advisory service.Euro-Bank acquired the Engish private bank BestConsult which is a leader in this sector and has a wide range of experience in investments for private clients. Q:The return on equity as a result of the restructuring could only be increased through a share buyback.