Millenium Business Solution

Posts Tagged ‘banks’

Although four banks concentrate most savings and loans in the financial system, competition between institutions has increased in recent years, particularly in the segments of commercial loans and deposits, according to a study by the University of Pacific (UP.)

According to Eduardo Moron, a researcher at the UP, this dynamic reflects the income of municipal banks in Lima, but felt that the competition will tend to increase further. “They are biting (market share), but not all customers have migrated their large bank deposits to the boxes,” he said.

That would explain why the major banks have matched the offer smaller financial institutions in terms of interest offered by savings.

He stressed that, little by little, the customers of the financial system are taking a proactive stance, comparing interest rates, costs and services. “That consumer is being promoted competition, as it is ready to jump from one provider to another,” he said.

BANKING. Another segment where competition has increased according to the investigation of Moron is micro credit. In this regard, the general manager of the Association of Banks (As banc), Enrique Arroyo, said the banking of micro enterprises could grow 33% to 40%.

He said that about 400,000 micro entered the financial system over the past eight years. In turn, Scotia bank’s executive vice president, Hubert Fed felt that in this market there is enough space to enter more financial institutions.

There is something that most of us know as always, “where people are business.” For example, traders are at a stage when there are activities, some banks, schools, and universities get business.

With the Internet, it is the same, those who see that people are connected to the Internet are putting their business online, and every day there are more people connected, making from time to spend working or searches.

In schools for our children and the internet, millions of Jobber is added as Internet users, and like everything else, where people are consumer products. In addition, your business is for people are to serve people in some of their needs.

Maybe your business is not online, but there are millions of people, online, consuming the same products, you sell. The competition is already online. So tell me why you have an Internet business?