1. Market Research
  2. > Financial Services
  3. > Banking
  4. > Bank Lending Market Trends

Retail Banking Market Insights: New Zealand, Canadean Ltd

  • January 2016
  • 37 pages
  • GlobalData
Report ID: 3702006

Summary

Table of Contents

Search Inside

Summary
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 consumers 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.

- Around a fifth of consumers in New Zealand have a personal loan. The personal loans market is dominated by ANZ, ASB and Kiwi Bank with a combined market share of 51%.

- Over half of the population use smartphones in New Zealand, implying a large potential market for mobile-delivered financial services. New Zealand's banking infrastructure is ranked 3rd out 20 global banking markets.

Synopsis
Verdict Financial's Retail Banking Market Insights: Country Snapshot New Zealand is a review of the retail banking sector in New Zealand, with a particular focus on the current account, savings, mortgage, and personal loan markets. It includes both market-level data and insight from our global consumer survey.

- Overview of New Zealand's banking sector

- Insight into consumers preference in New Zealand and the reasons for taking our use their financial products and how this has evolved in years

- Understanding around main providers dominating the current account, savings, mortgage, and loan markets and different factors persuading customers to choose them

- Examination of at what extent are consumers are using online and mobile channels to research, take out, and use their financial products

Reasons To Buy
- Futureproof your strategy with market sizing, forecasts, and analysis of key developments currently affecting New Zealand's retail banking sector.

- Target consumers with inside knowledge of their true behaviors and attitudes, with detailed analysis from our proprietary insight.

- Learn about the impact new entrants and distribution channels will have on the market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Loan Administration, Check Cashing & Other Services in the US - Industry Market Research Report

  • $ 1090
  • Industry report
  • May 2017
  • by Ibisworld

Borrow and rebuild: Rising home prices will lead to renewed demand for mortgages Loan Administration, Check Cashing & Other Services in the US Over the five years to 2017, the Loan Administration, Check ...

Real Estate Loans & Collateralized Debt in the US - Industry Market Research Report

  • $ 1090
  • Industry report
  • July 2017
  • by Ibisworld

Shaky ground: Strict regulation and continued deleveraging will limit industry growth Abstract Real Estate Loans & Collateralized Debt in the US Prior to the subprime mortgage crisis, consumers in the ...

Loan Administration, Check Cashing & Other Services in Canada - Industry Market Research Report

  • $ 825
  • Industry report
  • April 2017
  • by Ibisworld

Paying off: Revenue and profit are growing as borrowers repay credit debts Abstract Loan Administration, Check Cashing & Other Services in Canada The industry is largely dependent on the state of the overall ...

Retail Lending In Germany

March 2017 $ 350

Retail Lending In Canada

March 2017 $ 350

ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.