Strengths, weaknesses, opportunities and threats

Threats

A protracted recession triggered by the credit crunch represents the greatest threat to BinckBank today, because sustained negative market sentiment may impair the propensity to invest and distort conditions on the money market. Increased competition and heavier pressure on prices also represent a threat. There may be some risk of failure of the IT integration project and related integration of front-office and back-office processes and failure
to grow the business in France. Lastly, at the more general level, there is always an operational management risk in a fast-growing business such
as BinckBank.