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Online Banking Usage Grows 28 Percent During the Past Year
Credit Agricole Most Popular Online Banking Destination in France
PARIS, France, October 20, 2008- Comscore, Inc. (NASDAQ: SCOR), a leader in measuring the digital world, today released a report on the French online banking sector, showing that France is one of the world’s most developed markets for online banking.
Of the 37 global markets individually-reported by Comscore, France ranked number four in penetration of online banking, with 46 percent of French Internet users accessing online banking sites in August 2008, ranking behind only Canada (64 percent), the Netherlands (51 percent) and Sweden (47 percent). French Internet users also exhibited high frequency in accessing online banking sites, with an average of 6 usage days and 7 online banking visits per visitor in August.
“Online banking is clearly an important business sector in France, with one of the highest adoption rates in Europe,” said Herve Le Jouan, Managing Director, Comscore Europe. “In today’s current global economic climate, consumers will undoubtedly be seeking greater accessibility and control over their personal finances – a service which is provided by the immediacy of Internet banking. But with competition in the online banking sector in France already fierce, marketers need to understand the online behaviours of these consumers to ensure that they meet their needs online, and ultimately capitalise upon the growing popularity of the sector.”
Credit Agricole Leads French Online Banking Category Of the 32.2 million French Internet users in August 2008, 14.8 million visited at least one online banking site, up 28 percent versus last year. Credit Agricole led the category with 6.9 million visitors, followed by Societe Generale with 4 million visitors and Caisse d'Epargne with 3 million visitors. Among those banks in the top 10, ING Group experienced the greatest increase in visitation during the past year, growing 209 percent to 757,000 visitors.
Top 10 Online Banking SitesTotal French Unique Visitors (000) Age 15+ Home & Work Locations*August 2008 vs. August 2007Source: Comscore World Metrix
Property
Aug-2007
Aug-2008
% Change
Total French Internet Audience
26,852
32,227
20%
Banking
11,537
14,781
28%
Credit Agricole
4,877
6,879
41%
Societe Generale
3,027
3,999
32%
Caisse d'Epargne
2,234
3,035
36%
BNP Paribas
2,056
2,151
5%
LABANQUEPOSTALE.FR
955
1,934
102%
Groupe Credit Mutuel
1,367
1,531
12%
Groupe Banque Populaire
1,106
1,492
35%
Groupe CIC
1,047
1,029
-2%
ING Group
245
757
209%
Natixis
380
445
17%
* Excludes traffic from public computers such as Internet cafes or access from mobile phones or PDAs.
25-34 Year Olds are Heaviest Online Bankers
An examination of the demographics of online banking users reveals that the 25-34 year old segment has the broadest usage of online banking services while 15-24 year old consumers have the lowest. Since most 15-24 year olds are either in full time education or first time employment, they may be less inclined to manage their finances online or have limited financial assets to manage. Meanwhile, heavy access among 25-34 year olds likely reflects their increasing financial responsibilities and their familiarity with managing accounts online. With many from this age segment confronting new financial challenges, such as buying their first home or expecting a child, they represent an especially important segment for marketers to target.
Interestingly, consumers in the 35 – 44 year age segment and those 55 years and older visited online banking sites most frequently, with the 55+ group viewing the most pages per visitor in the month.
Online Banking Category DemographicsTotal France Age 15+ Home & Work Locations*August 2008 Source: Comscore World Metrix
Age
% Reach
Average Pages per Visitor
Average Visits per Visitor
Total Audience
45.9%
78
7.3
Persons: 15-24
36.1%
58
5.9
Persons: 25-34
51.4%
73
7.2
Persons: 35-44
48.4%
89
8.2
Persons: 45-54
48.5%
67
6.3
Persons: 55+
45.1%
97
About ComscoreComscore, Inc. (NASDAQ: SCOR) is a global leader in measuring the digital world and preferred source of digital marketing intelligence. For more information, please visit www.comscore.com/boilerplate
Ayaan MohamudComscore, Inc.+ 44 (0) 207-099-1775worldpress@comscore.com