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Customer Loyalty Problems in Retail Banking

In: 6th International Conference on Management, Enterprise and Benchmarking MEB 2008-Proceedings

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Author Info
István Szûts () (Budapest Tech, VMI)
Zsolt Tóth ()
Abstract

According to analyses of the most business consulting companies (KPMG, Capgemini, Deloitte, TowerGroup, etc.) customers are discontented with the retail banking experience. To achieve higher business growth, banks must increase customer loyalty by delivering a distinctive experience that combines the right mix of convenience, value and service and forges an emotional bond with consumers. Winners will be those that transform themselves into customer-centric enterprises by having a clear vision of what they want to achieve, fully aligning business processes and IT infrastructure to achieve those goals and engaging their employees in the process. The first step to do it is the identification of customer satisfaction. This paper intends to reveal its essential elements.

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This chapter was published in: György Kadocsa (ed.) 6th International Conference on Management, Enterprise and Benchmarking MEB 2008-Proceedings, , pages 355-361, 2008.

This item is provided by Budapest Tech, Keleti Faculty of Economics in its series Proceedings-6th International Conference on Mangement,Enterprise and Benchmarking (MEB 2008) with number 355-361.

Handle: RePEc:pkk:meb008:355-361

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Related research
Keywords: customer loyalty; customer attitudes; retail banking;

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This page was last updated on 2009-12-16.


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