What is bank retail business?

Retail banking refers to the comprehensive and integrated financial services provided by commercial banks to individuals, families and small and medium-sized enterprises by using modern business concepts and relying on high-tech means, including deposit and withdrawal, loans, settlement, remittance, investment and wealth management.

retail banking has become a new profit growth point for commercial banks, and retail banking is the development trend of the banking industry in the future. Retail banking is the traditional dominant field of commercial banks. However, with the opening of financial markets in various countries, the boundaries of financial classification management in the past are gradually blurred, and the business of banks, securities and insurance companies is increasingly common.

more and more non-bank financial institutions, financial institutions that did not operate retail business in the past and non-traditional financial service enterprises have entered the market, which has intensified the competition in this business field.

Extended information:

Basic characteristics of bank retail business:

1. Customers are mainly individual customers;

2. The transaction is scattered;

3. The transaction amount is small.

Characteristics of bank retail business:

1. The cost of retail banks is higher than that of wholesale banks;

2. The liquidity of retail bank customers is stronger than that of wholesale banks;

3. The loan risk of retail banks is extremely low.

Baidu Encyclopedia-Retail Banking