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(MoneyNewsWire.Net, April 02, 2018 ) Sweden has a competitive market for most financial products, with only Swedbank maintaining a dominant position in the provision of current accounts, savings accounts, and mortgages. Overall, consumers are cautious in their choice of provider, favoring those with strong reputations and nearby branches. However, comparisons between life stage segments differ significantly.
Young Swedish consumers are much more inclined to act on recommendations than older consumers. Swedish consumers demonstrate higher price sensitivity relative to other markets. Digital self-service channels are the most popular channels for day-to-day banking activities, with telephone and branch channels used for more complex tasks. Fintech usage will soon become mainstream in Sweden. Home ownership is the number one savings goal in 2016, while borrowing to cover everyday living expenses has seen high year-on-year growth.
This report gives an in-depth research about the overall state of Retail Banking Country Snapshot: Sweden and projects an overview of its growth market. It also gives the crucial elements of the market and across major global regions in detail. Number on primary and secondary research has been carried out in order to collect required data for completing this particular report. Sever industry based analytical techniques has been narrowed down for a better understanding of this market.
The report also explains the key market drivers, trends, restraints and opportunities to give a precise data which is required and expected. It also analyzes how such aspects affect the market existence globally helping make a wider and better choice of market establishment. The Retail Banking Country Snapshot: Sweden growth and developments are studied and a detailed overview is been given.
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Leading Key Players:
Swedbank
SEB
Nordea
Handelsbanken
ICA Banken
Skandia Banken
Danske Bank
MedMera
Länsförsäkringar
Resurs Bank
Marginalen Bank
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Scope
Verdict Financials Retail Banking Country Snapshot: Sweden reviews the retail banking sector in Sweden, with a particular focus on the current account, savings, mortgage, and personal loans markets. It includes both market-level data and insight from our Retail Banking Insight Survey.
The report offers insight into:
- How consumers in Sweden take out and use their financial products, and how this has changed in recent years.
- Which providers dominate the current account, savings, mortgage, and loan markets, and what factors persuaded their customers to choose them.
- The extent to which consumers are using online and mobile channels to research, take out, and use their financial products.
Reasons to buy
- Future proof your strategy with market sizing, forecasts, and analysis of key developments currently affecting Sweden retail banking sector.
- Target consumers with inside knowledge of their true behaviors and attitudes, with detailed analysis from our proprietary insight.
- Learn about the impact new entrants and distribution channels will have on the market.
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Key Market Insights
sambit kumar
8007533694
sambit.kumar@kminsights.com
Source: EmailWire.Com 
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