Our strategy in 2008
Our strategy in 2008 was to continue to achieve good growth through time by diversifying our business base and increasing our presence in markets and segments that are growing rapidly. We are a universal bank, spanning retail, commercial and investment banking. The universal banking model’s strength lies in diversification – by geography, business, and product.
During 2008, we made selective strategic acquisitions including Lehman Brothers North American businesses, the UK Goldfish credit card business, Expobank in Russia, the Italian residential mortgage business of Macquarie Bank Limited and PT Bank Akita in Indonesia.
“Our priorities in 2008 were (and remain): to stay close to our customers and clients; to manage our risks; and to progress strategy.” Group Chief Executive, John Varley
