Building societies have potential
Impulses for driving change
Building societies have a lot of potential. Due to very successful business in the past, they hold liquidity reserves. In addition, through their generally very formative brand work—customers know who they are dealing with and can trust—they have a degree of recognition that many other banks can only dream of. The customers’ need for security—especially with regard to stable interest rates—should not be underestimated.
With this in mind, there are current developments that should give the building societies sector confidence. Many building societies are currently reinventing themselves based on their strong brands and their residential expertise.
Of course, each bank and banking group has its own difficulties in overcoming the current changes. Their strategies must therefore also be tailored. Read on to find answers from zeb.
Selected references from the Building societies
Together with us, our clients address pressing issues and challenges arising from the industry’s changing dynamics and new regulatory requirements. As “partners for change”, together, we overcome the only constant—change.