At a CAGR of 6.08%, Retail Banking Market to expand globally over Forecast period 2016-2020

Albany, NY, Oct 18: Retail banking refers to the business conducted by financial institutions directly with customers. The services offered by retail banks includes savings and transactional accounts, debit cards, credit cards, personal loans, and mortgages. Retail banking is also considered as a mass market banking for individual customers who make use of local branches of larger commercial banks. The retail banking services offer banking provision to individuals and small businesses and deal with large number of low value transactions.

The global retail banking market to grow at a CAGR of 6.08% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global retail banking market for 2016-2020. To calculate the market size, the following retail banking products have been taken into consideration: transactional accounts (checking accounts/current accounts), savings accounts, debit cards, automated teller machine (ATM) cards, credit cards, traveler's checks, mortgages, home equity loans, personal loans, and certificates of deposit or term deposits.

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Technavio's report, Global Retail Banking Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- BNP Paribas
- Citigroup
- HSBC
- ICBC
- JPMorgan Chase

Other prominent vendors
- Bank of America
- Barclays
- China Construction Bank
- Deutsche Bank
- Mitsubishi UFJ Financial Group
- Wells Fargo

Market driver
- Quicker access to credit
- For a full, detailed list, view our report

Market challenge
- Managing risks
- For a full, detailed list, view our report

Browse more details at: http://www.researchmoz.us/global-retail-banking-market-2016-2020-report.html

Key questions answered in this report:-
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.