Profile image
Story Views

Last Hour:
Last 24 Hours:

Retail Banking Country: Singapore 2016 Market: Study Applications, Types and Market Analysis including Growth, Trends and Forecasts to 2021

Wednesday, November 16, 2016 1:03
% of readers think this story is Fact. Add your two cents.


Singapore has a highly concentrated market for most financial products, with DBS, POSB, and OCBC dominating the provision of current accounts, savings accounts, and mortgages. Consumers are cautious in their choice of provider, favoring those with strong reputations and nearby branches. Mobile is now a significant channel for routine transactions, although use is heavily skewed towards younger age groups. Satisfaction with digital channels is significantly higher than for branches and call centers.

Browse more detail information about Taiwan’s Retail Investment Market at:

Key Findings of Retail Banking Country: Singapore 2016:

  • Among consumers as a whole, reputation, branch location, and price are the three most influential drivers across all products. In addition, Singaporean consumers show a preference for local brands.
  • Borrowers overwhelmingly prefer direct application for mortgages, with 79% of all current borrowers having chosen this option. Singapore’s mortgage market is expected to grow strongly over the next four years, reaching SGP231.1bn in 2020.
  • The younger family segment is the most restless of the life stages according to our Megatrend framework. Our data suggests they are seeking more flexible products and services that suit their circumstances better, which is reflected in the fact that they’re more likely to switch providers than other consumer segments.

Get a PDF Sample of Taiwan’s Retail Investment Market Report at:  

Synopsis of Retail Banking Country: Singapore 2016:

“Retail Banking Country Snapshot: Singapore 2016” reviews the retail banking sector in Singapore, with a particular focus on the current account, savings, mortgage, and personal loans markets. It includes both market-level data and insight from our Retail Banking Insight Survey.

The Report offers insight into:

  • How consumers in Singapore take out and use their financial products, and how this has changed in recent years.
  • Which providers dominate the current account, savings, mortgage, and loan markets and what factors persuaded their customers to choose them.
  • The extent to which consumers are using online and mobile channels to research, take out, and use their financial products.


Purchase a Copy of this Report @



Reasons to Buy Retail Banking Country: Singapore 2016:

  • Future proof your strategy with market sizing, forecasts, and analysis of key developments currently affecting Singapore’s retail banking sector.
  • Target consumers with inside knowledge of their true behaviors and attitudes, with detailed analysis from our proprietary insight.
  • Learn about the impact new entrants and distribution channels will have on the market.

Need more details about this Report, ask our expert @


Detailed TOC of Retail Banking Country: Singapore 2016

  • Attitudes
  • Current accounts
  • Channel use
  • Savings accounts
  • Mortgages
  • Personal loans
  • Bank infrastructure and regulation

Get Discount on Retail Banking Country: Singapore 2016 Market Report at:

About Absolute Report:
Absolute Reports is an upscale platform to help key personnel in the business world in strategizing and taking visionary decisions based on facts and figures derived from in-depth market research. We are one of the top report resellers in the market dedicated towards bringing you an ingenious concoction of data parameters.

Mr. Ameya Pingaley

Absolute Reports
+1-408 520 9750
Get more market research related news @         

We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.