Norwegian Retail Banking Market Discussed in New Verdict Retail Report Now Available at MarketPublishers.com18 Feb 2016 • by Natalie Aster
LONDON – Norway can boast a developed, well-diversified and stable financial system, the local market for financial services has a high level of concentration, and a significant market share is held by several large banks. Rates of product ownership are high as for current and savings accounts and mortgages.
The local banking sector is dominated by three major providers having a combined share of around 60 percent of main current accounts. Local consumers tend to choose providers on the basis of existing relationship and a reputation they have. Approximately one tenth of consumers in the country have switched their accounts over the last year. However, this figure is lower than a global average.
The Norwegian mortgage marketplace is set to show swift growth in the upcoming years. At present, a rate of mortgage ownership is more than 56 percent. Mobile-delivered financial services have large market potential in the country since currently over two thirds of the local population uses smartphones and this number will grow.
New research report “Retail Banking Market Insights: Norway” worked out by Verdict Retail offers an up-close look at the Norwegian retail banking marketplace. The study contains an insightful overview of the local banking sector. It includes detailed insights into consumer preferences in the country. The report investigates the competitive landscape and sheds light on providers dominating all sectors. The research study covers market trends and limelights market potential.
Retail Banking Market Insights: Norway
Published: February, 2016
Price: US$ 4,970.00
Reasons to buy:
- get valuable data on market sizing;
- learn how this marketplace is set to develop in the upcoming years;
- find out which developments have impact on the local banking sector;
- obtain insights into behaviors and attitudes of consumers;
- learn about influence distribution channels and new entrants have on this marketplace.
More new reports by our market research partner are available at Verdict Retail page.