866-997-4948(US-Canada Toll Free)

Retail Banking Market Insights: New Zealand

Published By :

Verdict Financial

Published Date : Jan 2016

Category :

Banking

No. of Pages : 37 Pages


New Zealand has a developed, well diversified, and stable financial system. The market for financial services is concentrated, with a handful of large banks controlling a significant market share. Product ownership rates are average across all products. New Zealand consumers are loyal and generally choose their existing provider for new products. New Zealand consumers are keen digital banking users and show high rates of customer advocacy, particularly among those who use the branch channel.

Key Findings

  • The banking sector in New Zealand is concentrated, with the top three providers accounting for 67% of main current accounts.
  • New Zealand consumers tend to choose providers because of an existing relationship.
  • New Zealand savers are cautious, with over half saving to protect themselves against unforeseen events and over a third saving for retirement.

Table of Contents

CURRENT ACCOUNTS
SAVINGS ACCOUNTS
MORTGAGES
PERSONAL LOANS
BANK INFRASTRUCTURE & REGULATION

Make an enquiry before buying this Report

Please fill the enquiry form below.

  • Full Name *
  • Your Email *
  • Job Title *
  • Company *
  • Phone No. * (Pls. Affix Country Code)
  • Message
  • Security Code *