Business - n.a.

Massive Change in Banking Landscape

Published: January 2, 2014; 22:43 · (Vindobona)

The business model of banks comes more and more under pressure. In the next years, about the half of the bank shops will be closed, banking expert Hans-Gert Penzel predicts.

Massive Change in Banking Landscape / Picture: © Flickr

The banking sector is confronted with a number of challenges. First, the operating frame conditions become more and more difficult. In general, the next years will be characterized by growing costs, job cuts, low interest margins and a decline in lending. Due to the capital requirements, banks are forced to cut costs radically and to build up capital and reduce…

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Massive Change in Banking Landscape

The business model of banks comes more and more under pressure. In the next years, about the half of the bank shops will be closed, banking expert Hans-Gert Penzel predicts.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.