It is expected that the lender will issue a detailed plan on the developments soon, as reported by the Financial Times.
The bank may increase working hours of branches and expand online banking operations, in a bid to attract more customers and improve earnings.
Managing around 1,200 branches in the country, the bank is setting a strategy to curtail operational costs over the next four years, to help get the required capital to invest in growth.
The bank’s growth has been hit due to large exposure to eurozone sovereign bonds, property debt and other troubled assets.
The bank’s non-core assets are expected to touch nearly €160bn, and offloading them is expected to help meet the banking capital regulation, the bank said.
The bank is 25% state owned after it received a bailed out package during the financial crisis and takeover of Dresdner.
