Munich Re can't be satisfied with Ergo yet. What they've done in terms of a turnaround is good, but it's only half the battle. |
The banking results aren't all too exciting yet - a bank should strive for a cost-income ratio of 60%-70%. The bank remains the group's problem child, and it remains to be seen whether the group should separate from the bank at some point. |
The overall figures are good and roughly in line with the company's three- year plan. |