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Application Of Indexmodels For Measuring Customer Satisfaction In Corporate Banking

Author

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  • HRISTINA HRISTOVA

    (UNIVERSITY OF ECONOMICS-VARNA)

Abstract

For modern banks customer satisfaction meaning acquires a strategic success factor. Its measurement enables bank management to identify factors that lead to the departure of customers and reduce their appearance. Information on satisfaction helps to detect potential market opportunities and provide competitive advantage. Elevated levels of customer satisfaction provoke many positive consequences for the banking business: increasing sales, making the second purchase, improve corporate image, reduce customer complaints, lower marketing costs, reduce business risk, lower price elasticity, prevent this market share from competitors. Given these positive effects deriving satisfaction as a key business objective for banking institutions is understandable and logical.

Suggested Citation

  • Hristina Hristova, 2012. "Application Of Indexmodels For Measuring Customer Satisfaction In Corporate Banking," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 8(1), pages 48-60.
    • Handle: RePEc:neo:journl:v:8:y:2012:i:1:p:48-60
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