East & Partners

Product appetite returning

(28 April 2010 – Australia) Business customers are clearly showing an increased appetite to buy more product from their bank, according to the latest edition of East & Partners’ Business Banking Customer Satisfaction Monitor (BBCSM).

  • in April 2010, almost a half of businesses intend to buy more product from their
    primary business bank in the next three to six months

  • this is almost double the number of businesses looking to buy additional product
    compared to one year ago

The market average business banking satisfaction rating, for April 2010, was
4.62 (using a 0 – 10 scale where 0 means ‘very dissatisfied’ and 10 means ‘very
satisfied’), a decrease from last month’s score of 4.64.

Of the Big Four banks, NAB maintained its number one spot, in terms of overall
satisfaction, with a score of 6.50.

The top rated bank this month in overall satisfaction went to the Regional
banks, with a satisfaction score of 6.69.

About the East & Partners’ Business Banking Customer Satisfaction Monitor

The Business Banking Customer Satisfaction Monitor is based on interviews
conducted each month Australia-wide with a structured sample of 850 companies
turning over A$5-500 million per annum, some 10,200 direct interviews with
business banking customers annually.

For more information please contact:

Brett Williamson
Chief Operating Officer
East & Partners
t: 02-9004 7848
m: 0403 499 844
e: brett.w@eastandpartners.com

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Our collective knowledge and experience across global  markets helps us guide clients on the intricacies of each region while enabling cohesion across their global footprint. Apples with apples and pears with pears in complex and demanding financial services markets
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