Over The Past Decade, Sweden's Leading Banks Have Evolved Into Financial Groups With Extensive International Activities.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c47076) has announced the addition of "Sweden Retail Banking: Industry Analysis" to their offering. At the end of 2004, Sweden had altogether 126 banks (commercial banks, foreign banks, savings banks savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. and co-operative banks). The number of joint stock banks JOINT STOCK BANKS. In England they are a species of quasi corporations, or companies regulated by deeds of settlement; and, in this respect, the stand in the same situation as other unincorporated bodies. and foreign banks has risen sharply since the early Nineties. The entry of niche banks and the conversion of savings banks into joint stock banks and foreign banks has contributed to this rise. The setor is highly concentrated, with the "Big Four" commercial banks having a strong position in most segments of the financial market, and accounting for more than 80 percent of the total assets in the banking market. Swedish banks are among the most advanced in the world in the provision of internet banking services and have a high proportion of online customers compared to banks in other parts of the globe. Since the mid-1990s, Swedish banks have invested heavily in developing efficient, customer-friendly online banking services, as the number of Swedish homes with internet access See how to access the Internet. has increased significantly. This report examines the various aspects of the Swedish retail banking industry, along with an outlook for potential developments. Apart from studying the key drivers and critical issues in the industry, the report focuses on scanning the environment through a PEST analysis PEST analysis stands for "Political, Economic, Social, and Technological analysis" and describes a framework of macroenvironmental factors used in environmental scanning. . It examines the competitive dynamics along with the industry supply chain within Porter's Five Forces framework. Additionally, the report contains a section on product pricing, as well as small and medium enterprises (SME (1) (Small and Medium-sized Enterprise) See SMB. (2) (Subject Matter Expert) An individual who is well-versed in the policies and procedures of a particular department or division. ) banking. An outlook for the sector has also been provided in the report. Over the past decade, Sweden's leading banks have evolved into financial groups with extensive international activities. This development is partly due to the fact that areas, such as life insurance, fund management and mortgage lending, have become an increasingly important part of the groups' business activities, alongside traditional retail banking. One of the key trends in the Swedish financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. market in recent years has been the increase in the number of customers carrying out their banking transactions via the internet or phone. Cash still accounts for a very large part of total payment transactions in Sweden. The availability of cash has increased as a result of the growing number of ATMs. The bulk of non-cash payments are made through the giro system. Topics Covered: * Market Dynamics * PEST Analysis * Michael Porter's Five Force Analysis * Competitive Landscape * Product Pricing * SME Banking * Industry Outlook Companies Mentioned: * Nordea * Swedbank * Handelsbanken * Skandinaviska Enskilda Banken SEB or Skandinaviska Enskilda Banken AB, is a North-European financial group for corporate customers, institutions and private individuals. Its activities comprise mainly banking services, but SEB also carries out significant life insurance operations. (SEB Noun 1. SEB - a form of staphylococcal enterotoxin that has been used as an incapacitating agent in biological warfare staphylococcal enterotoxin B ) * FEreningsSparbanke * ICA Banken ICA Banken is a Swedish bank established in February 2002. It is owned by the retail chain ICA AB and "...offers financial services to Swedish customers.". "ICA Banken makes it easier for customers of ICA's Swedish stores to manage their finances and in the process strengthens * SkandiaBanken For more information visit http://www.researchandmarkets.com/reports/c47076 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion