Banks Facing New Challenges on the Mortgage Market

Over recent years, developed economies from around the world have seen a continuing shrinkage in interest rate margins, which banks are trying to make up for by sharply cutting costs and boosting their commission and fee incomes. The cost-cutting trend is ongoing as it is becoming more and more difficult to find additional growth opportunities in the saturated European banking sector. This is also why we have been witnessing such a large amount of consolidation in the banking sector.