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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
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(Before It's News)

RETAIL BANKING COUNTRY SNAPSHOT: SINGAPORE 2016

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.

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http://www.absolutereports.com/retail-banking-country-snapshot-singapore-2016-10414747

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.

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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.

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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 @ http://www.absolutereports.com/enquiry/pre-order-enquiry/10414747

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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:

http://www.absolutereports.com/enquiry/request-discount/10414747

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.
 

Contact:
Mr. Ameya Pingaley

Absolute Reports
+1-408 520 9750
Email: sales@absolutereports.com  
www.absolutereports.com   
Get more market research related news @
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