Incidentally, people’s banks and Raiffeisen banks are required to adapt for the same reasons. However, due to their relatively centralised organisational structure, this adjustment ought to be comparatively easy. By contrast, the decentralised organisation of the savings bank sector makes an adjustment more challenging.
It must also re-invest the bulk of its profits in improving efficiency; if it does not it will lose out to more efficient competitors. No business will remain viable if profits are instead taken out to fund the conspicuous consumption of its owners.