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Why corporate banking must digitise to survive

Global Corporate Banking 2016: The Next-Generation Corporate Bank

 

In its report on global corporate banking, the Boston Consulting Group describes a culture of “increasing competition, declining revenues, surging regulatory costs, spiking loan losses, and rising capital requirements”.

 

Corporate banking is a tough business. Players everywhere are facing increasing competition, declining revenues, surging regulatory costs, spiking loan losses, and rising capital requirements. But not everyone is being dragged down. In fact, BCG’s most recent Corporate Banking Performance Benchmarking survey—of 300 corporate banking divisions around the world serving the small, midmarket, and large business segments—found a dramatic split between the best and the rest. More than 70% of Western European participants improved their economic profit from 2013 to 2015, generating value for their shareholders, compared with just one-third in North America and Asia. Despite these regional differences, it is noteworthy that top-performing corporate banking divisions delivered shareholder value in every segment and region, from small businesses in Asia to large corporations in Europe.

Discover the full report here.