Bank CEO Antonio Horta Osorio gives views on Brexit
Antonio Horta-Osorio is the one who is heading the Lloyds which is the largest retail bank in UK. For many days the CEO has been seen on the headlines speaking on various issues concerning the bank within the year. The government has sold its shared held with the bank sometimes back.The government decides to release its shares from the bank sometimes back. That let the bank is financial crisis. The CEO thought to get a boost from the government a move which saw the government own up to forty-three percent of the bank. The bank now is moving in the right direction and making profits. Antonio has been leading this retail bank since 2011. That has seen the bank turn around into fortunes gain. That is not to say that they are enjoying challenge free zone as the government bailout is viewed as a huge commitment. To enable to the bank to make some recovery moves, it has to shut down some branches and stop a number of its employees. That was a radical move, but it has brought some improvements as the institution now is saying to be making profits.
The effect of Bretix continues to haunt the British economy. One of the major strategies the banker is looking forward to is to increase the customer relationship with the bank. In that line what the CEO is focusing on is to propel the bank in developing a multichannel experience with the customers. The CEO has this to say about Brexit and banking. The banker thinks that nothing is about to put the EU apart in the near future. The reason is that it is based on political standing to spread peace within Europe. He wishes that the instrument of peace does not disintegrate as there is a lot that is at stake. However a number of structural reforms will be needed in the union economies. The UK economy has amazingly portrayed some stability even after Brexit The customers went ahead with their usual business as though nothing has happened and thus upheld the entire economy.
The economy recovery shows some reassuring signs of its growth. The business will have to be reassured as far as the regulatory and legal activities are concerned if they are to do well. The UK economy will have to think on the best way to address the skill shortage that is experienced across the entire economy. What remains is also to discuss the importance of economic growth and productivity that is necessary for the entire region. There is a lot that needs to be done if the economy has to become a giant again. Antonio says that there is no other place where he can serve better than the back. He says it is important to focus on where growth can be realized. He says what the bank is doing right now is the increase its customer confidence.