Okuzeka
Finance & Banking vocabulary · Banks & Institutions

Retail banking

Meaning in finance & banking, with examples

nounCore term

In finance & banking, retail banking means: Banking services for individual customers, such as current accounts, savings, cards, personal loans and mortgages.

In Turkish: bireysel bankacılık

How it is used

Names a business line and its customers. People work in retail banking, a bank has a retail banking division, and 'retail customers' are individuals. It is contrasted with corporate, commercial and investment banking.

Example sentences

  1. She moved from retail banking to corporate lending last year.

  2. Retail banking generates most of our fee income.

Common collocations

  • retail banking division
  • retail customers
  • work in retail banking
  • head of retail banking
  • corporate bankingBanking services for large companies, such as loans, cash management, trade finance and foreign exchange.
  • commercial bankA bank that takes deposits from people and businesses and uses them to make loans and offer payment services.
  • branchOne of the local offices of a bank, where customers can open accounts, apply for loans and get help face to face.
  • SMEShort for small and medium-sized enterprise: a company below certain limits for staff and turnover. In the EU, SMEs have fewer than 250 employees.

More terms: Banks & Institutions

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This page explains English vocabulary for learners. It is not financial advice.