Global retail banking - a tale of two worlds

Global retail banking - a tale of two worlds PR Newswire LONDON, July 16, 2012 - Despite the perfect storm of on-going regulatory and legal challenges, the opportunity for retail banking real estate change remains, according to Jones Lang LaSalle Retail 2020 research LONDON, July 16, 2012 /PRNewswire/ -- A new retail report released today by Jones Lang LaSalle emphasises that changes across the global retail banking environment continue to be driven by political, economic and technological trends. These trends will lead to continued bank expansion in frontier markets, offsetting the search for greater efficiency in developed markets. The report, entitled Global Retail Banking: key trends for retail estate, identifies that changes in global retail banking will be fuelled by increasing customer demand for innovation, flexible service capability and banks actively managing their brand's presence in a retail environment. These drivers will result in retail banks making substantial changes to their established branch networks in developed markets. As a result, Jones Lang LaSalle predict that as much as 50% of existing retail bank branches in the developed world will be obsolete by 2020, as banks assess their space requirements. However, this decline will be offset by increased numbers of retail bank branches in developing countries such as Brazil, China and India.