Retail Business Development In Developed Countries And The Enlightenment

Since the mid and late part of the twentieth century rapid development of retail business has been one of the most important trends in international banking and retail banking business contributes more and more to income of commercial bank. According to European Central Bank report, during the period of 2000～2003 European banking keeps stable growth and profit. It actually benefits from the stable development in mortgage loan, consumer loan and other retail banking business in despite of global economic recession, fluctuations in the stock market, frequent financial scandals and 911 event during that period. The outstanding performance of US banking holds the competitive advantage comparing with top 1000 banks worldwide according to the report from the 'Banker'. In fact the growth of income and profit of US banking is just from retail banking mainly. Commercial bank has paid more and more attention to retail banking because of its obvious importance to income and profit. To insistently develop retail banking has become a tendency in international banking.One of the most obvious symbols of the development of international banking is that the significance of retail banking is getting highly recognized. In recent years several different promising tendencies could be found in this filed. Starting with the background and reason of rapid development of retail banking this article will deduce the developing trend of retail banking by analyzing different commercial banks' methods and effects to develop retail banking. Moreover this article will also discuss the issue about the possible and valuable experience could be learned by Chinese capitalized bank, the strategy and method on development of retail banking in China and the existed problems in retail.