Presented by: David Hickey, Researcher, Lafferty Group
Western Europe’s credit cards market has rebounded impressively from the effects of the global financial crisis with profits surpassing pre-crisis levels by 2012 and growing further in 2013. In the wake of the crisis, issuers managed to lower default rates by tightening credit criteria and strengthening risk management policies. Meanwhile revenue has also been boosted by low costs of funding leading to increased net interest revenue.
This webinar will discuss one of the strongest and most profitable credit cards regions in the world. An affluent mass market, a developed banking infrastructure and a progressive regulatory environment have meant that the market for credit cards has penetrated far and wide.
Presented by: David Hickey, Researcher, Lafferty Group Eastern Europe can be characterised as a developing market when it comes to credit cards. With the exception of Turkey - which compares favourably with many Western European markets - credit card use remains low. Credit Card Profitability: Eastern Europe examines a region that has been on an upward trend in recent years. Revenue has been fuelled by increasing credit card penetration, billed volume and outstandings. At the same time, the cost income ratio is falling and credit losses have been brought under control. Spending on credit cards is forecast to continue growing in the coming years with Russia leading the way. As credit cards become a more mainstream product, there will be opportunities to scale up profits in the industry.
Presented by Vicky Costello, Writer/Analyst, Lafferty Group The credit card is potentially the most profitable product in all of retail banking. In the wake of the global credit crisis, the consumer credit market suffered heavy losses and debit cards surged in popularity, often at the expense of credit cards. However, in several key regions worldwide, credit cards are witnessing a recovery and penetration rates are increasing, regaining lost market share. The webinar will highlight key trends in the credit cards market with revealing data and attractive, easy-to-understand charts and graphs. It will highlight the areas with the greatest potential for growth and profitability and focus on key regions and markets worldwide to provide you with the critical intelligence you need to see where the market is heading.
Presented by David Hickey, Researcher, Lafferty Group and Phathisani Khumalo, Deputy Head of Research, Lafferty Group Latin America is a region that has not only seen impressive growth in the use of payment cards, but can also boast the highest average merchant service charges of any global region.With individual markets having distinct characteristics, the approaches to developing the payments industry have always had to be uniquely tailored to the environment. Despite this diverse picture, the constant theme throughout Latin America is that of markets with the potential for good long-term growth.
Presented by Karen Epper Hoffman, Writer/Industry Analyst, Lafferty Group Kerry Manning, Head of Marketing Research Services, Lafferty Group Bank branches are at a crossroads. As electronic channels capture more transactions, banks are reimagining the way branches look, how they operate and the role they play in retail delivery. This webinar will look at the factors driving the branch of the future and the technologies, trends and designs that will define it.
Presented by Robert Grealis, CEO of Lafferty Group David Hickey, Researcher, Lafferty Group Mobile Money is at a crucial stage of development. Will its potential be fulfilled? What is the potential for Mobile Money in developing and mature markets? In this webinar we review global developments in Mobile Money and examine the state of play, challenges and opportunities in Africa, Asia-Pacific, Europe, Latin America, Middle East and North America. For complimentary access please register before the 6th June 2014 Fee: $97
Lafferty Group cordially invites you to attend the
Global Management Roundtable
Retail Banking Futures
Date: 26-27 November 2014
Venue: London Hilton on Park Lane, 22 Park Lane, London W1K 1BE
R.S.V.P Michael Lafferty
Credit Card Profitability in Western Europe
Tuesday 28 October, 11am GMT
Researcher at Lafferty Group