The “New New Normal” in Retail banking

Stagnant revenue growth in retail banking

Although its overall health has improved since the dark days of the financial crisis, today’s retail banking industry is not yet out of the woods. In developed markets, revenue growth is stagnant (at best), and credit demand is weak – so repricing is a must. The cost of funds is still high, and margins on deposits remain low. In developed markets, there is an on-going war for deposits that shows few signs of cooling off as banks try to secure sufficient funding – putting a damper on sales of investment products.

This white paper from The Boston Consulting Group elaborates further on how banks can get back on course.

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