Retail Banking Trends
Number of branches (1994 – 2004) up 6%
Number of banks (1994 – 2004) down 29%
Average retail banking customer attrition rate: 12% to 15%
Cost to acquire a new customer: 5 to 10 times more than retaining an existing one
From an invitation for a free web seminar hosted by Microsoft and Getronics and featuring the Tower Group.
Posted by Jill Fallon on September 16, 2005 at 3:43 AM | Permalink | TrackBack












