Retail deposits best option
Retail deposits stand out as the most effective way for banks across the world to bolster their balance sheets, according to UK-based research house Datamonitor.
In new research released this week, Datamonitor said banks needed to recognise that deposits easily represented the most attractive source of new funding both in terms of availability and cost of capital and stood out as an obvious yardstick against which to measure the size of their mortgage lending.
The Datamonitor research report, ‘Back to backing: capturing retail deposits’, identified five customer segments which appeared particularly appealing.
It said retail deposits stood out as the most attractive funding option for banks and for British banks and building societies looking to strengthen their balance sheets there were a number of different sources of capital but, of all these, retail deposits stood out as the best option.
AUTHOR
Mike Taylor
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