Consequences of modern banking on facilities and corporate real estate management

Abstract

The banking industry is facing tremendous changes. Even the few stable securities that were left are susceptible to erosion. Aggressive growth strategies against increasing competition; the diminishing use of cash; the worldwide trend towards global banks through mergers and acquisitions; and the growing importance of information technology, confront the banking industry with huge changes both in real estate and facilities management. While the design of bank facilities has for centuries focused on expressing wealth and magnitude, today even the banking industry, often regarded as one of the most conservative of industries, is transforming its buildings into lean, customer‐oriented facilities. This article provides a descriptive overview of the impacts of the above changes based on literature and case studies in three major Dutch banks.

Citation

Krumm, P.J.M.M. (1998), "Consequences of modern banking on facilities and corporate real estate management", Facilities, Vol. 16 No. 3/4, pp. 93-98. https://doi.org/10.1108/02632779810205620