Visitors Now:
Total Visits:
Total Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Retail Banking Country Snapshot: Germany 2016

Tuesday, November 8, 2016 23:11
% of readers think this story is Fact. Add your two cents.

(Before It's News)

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

The report offers insight into:
- How consumers in Germany take out and use their financial products, and how this has changed in recent years.

Report URL:  http://www.reportsweb.com/retail-banking-country-snapshot-germany-2016?publisher_name=Verdict%20Financial&limit=100

- 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.

Request For Sample: http://www.reportsweb.com/inquiry&RW0001425395/sample

Report Summary

Local and co-operative banks, such as the Sparkassen and Volksbanken Raiffeisenbanken, dominate the retail banking market in Germany, with private commercial banks having a much smaller presence. Consumers strongly favor providers with good reputations, and personal recommendations are particularly important to younger age groups. Branches remain the most used acquisition channel across all products, although satisfaction levels for ongoing interactions are higher for digital than human channels.

Inquire Before Buying: http://www.reportsweb.com/inquiry&RW0001425395/buying

Key Finding

- The Sparkassen, or savings banks, are the leading providers of retail financial services to German consumers. 40% of consumers used online as their main acquisition channel during 2013-16 compared to just 23% during 2010-12. With the exception of Deutsche Bank, the largest current account providers all have positive Net Promoter Score ratings.
- Among post-family consumers, branch location and reputation are by far the most important factors for choosing a savings provider, cited by 65% and 70% respectively. 
- However, these factors are of less relative importance to pre- and younger family consumers, who instead give the greatest weighting to personal recommendations.
70% of mortgages are arranged directly with the lender, although results indicate that direct arrangement has declined over time, from around 80% of cases pre-2007 to 60% during 2013-16. 
- Results suggest that branches are used as the main arrangement channel in around two thirds of cases, with online used in around one in five instances.

Reason to Buy

- Future proof your strategy with market sizing, forecasts, and analysis of key developments currently affecting the UK 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 that new entrants and distribution channels will have on the market.

Contact us @ +16464919876

Contact Email: sales@reportsweb.com

Report abuse

Comments

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

Register

Newsletter

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.