Retail banks may lose 36% by 2010
Bertrand Lavayssière, Managing Director, Global Financial Services, Capgemini talks to Banking Technology on how tougher competition within major European countries could spell trouble for banks.
25 March 2008
Publication
The release of the World Retail Banking Report 2008 has found that banks could
lose up to 36% of their projected net income over the same period through tougher
competition in eight major European countries.
With evidence of slow-growing markets, banks need to understand and repsond effectively to fuel the growth they have experienced over the last five years. “The report identifies the four core practices that have enabled banks to achieve profitable organic growth in their domestic markets more effectively,” Bernard states.
“Significantly, the majority of leading banks have focused on one (or several) of these four approaches to obtain competitve advantage: combining fast time to market, innovation, and local client intimacy; ensuring full multi-channel integration and optimisation; increasing sales productivity through dynamic branch management; and leveraging a multi-brand portfolio to create value propositions for each market segment.”
To read the full article at Banking Technology, click here.
To download the World Retail Banking Report 2008, click here.
To read the press release on how the World Retail Banking Report 2008 is showing how banks use price to influence customer behaviour, click here.
To read the press release on how organic growth in domestic markets key to bank profitability, click here.
Further coverage of the World Retail Banking Report 2008:
