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By Arnd HEßELER, Axel SARNITZ and Nadine HANNEMANN, zeb consulting*
There is no doubt that the private banking business in Germany must develop further. Earnings margins remain at a very low level despite the favorable market environment. As was already shown in our Private Banking Study 2016, private banking institutions are once again unable to generate any significant income from the growing volume, also within the current observation period. For a sustainable and future-oriented business model, private banking providers have to look closely at their clients’ requirements and adapt their range of services to changing customer needs.
REVIEW: Declining profits despite growing market
In this year's study, 14...
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