Spanish Retail Banking Sector Scrutinized in Verdict Retail Report Available at MarketPublishers.com11 Mar 2016 • by Natalie Aster
LONDON – Currently, the Spanish banking system undergoes restructuring. The market becomes available for new entrants, and their emergence is expected to encourage higher competition in the marketplace.
Investment in banking infrastructure is set to lead to greater digital expansion in the country. The financial services market is concentrates, and a number of large bank control a market share of more than 50 percent.
Rates of product ownership are low in the country, they are lower than average ones.
Switching rates are low, as well. They are under the world’s average of 17 percent.
Reputation and branch location are some of key factors that impact the Spanish consumers’ choice of providers.
Local savers are very cautious, and more 28 percent saving for retirement, while than 60 percent saving in order to protect themselves against unforeseen circumstances.
Over 25 percent of local consumers have a personal loan, the Spanish market for personal loans is ruled by BBVA, La Caixa and Banco Santander.
The country’s mortgage marketplace is set to grow at a double digit rate of more than 10 percent in the near term.
Insightful research report “Retail Banking Country Snapshot: Spain” elaborated by Verdict Retail offers comprehensive examination of the banking sector in Spain. The study provides an all-round overview of this sector. IT contains a detailed insight into local consumer preferences, sheds light on reasons for taking out financial products. The report looks at the competitive landscape and shares with a reader valuable details on the usage of mobile as well as mobile channels.
Companies mentioned in the research study include: Pastor, Cajamar, Banco Santander, Bankia, Caja Rural Del Sur, Banco Espirito Santo, to name a few.
Retail Banking Country Snapshot: Spain
Published: February, 2016
Price: US$ 3,450.00
More cutting-edge studies by this publisher are available at Verdict Retail page.