Privat banks
The market for private banks is still very attractive – and also highly competitive! Regional and global banks have gained considerable market shares in the past few years. The competition, in particular for wealthy private clients, will continue to increase in the next years.
Only one percent of the private households accounts for 20% of all liquid assets. Following the stagnating income potentials during the financial crisis, a moderate growth is expected for private wealth banking in the next few years. In reality, many private banks today still do not leverage a large amount of the available income potentials. In many cases, they lack a holistic consideration of customer needs. Against the background of clearly changed customer requirements, this represents a major challenge.
Furthermore, the industry faces numerous additional challenges: A future-oriented strategic bank-wide management needs to be based on a business-oriented management of value drivers and consider the handling of new bottleneck varieties (capital, funding etc.).In addition, the regulatory requirements of Basel III and the new MaRisk as well as the risk management challenges need to be implemented, e.g. the liquidity risk management and LCR and NSFR implementation. In light of all these requirements, an integrated financial and management architecture is essential – also for small and medium-sized private banks.The implementation of current requirements, the margin squeeze resulting from intense competition and the often insufficient leveraging of income potentials lead to the fact that a consistent cost management will gain more and more importance in the next few years.
As a partner for change, zeb/ has acquired comprehensive expertise in the implementation of current topics. We look forward to support your company during the change process.