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What is Profitability Analysis of Bank Subsidiary Closure about?

A French bank is considering closing one of its subsidiaries that had EBIT of only €7.5M last year in order to improve profitability, transferring its customers to the parent company; an analysis estimates the closure could generate €79M in personnel cost savings but €75M in additional redundancy costs, resulting in a potential €4M increase in profits. Risks of closing include reduced customer service quality potentially leading to higher customer churn.

Author

Siyuan Sun

Language

EN