Direct marketing in the financial services industry

Abstract

This article presents empirical research findings on the use of direct marketing by a representative sample of Albanian financial services institutions. A number of similarities and differences between banks, building societies and insurance companies are identified in relation to direct marketing programs and the use of particular direct marketing techniques. While acknowledging some exceptions the research concludes that there is scope for ~ greater appreciation of the strategic value and workings of direct marketing. Institutions could usefully focus attention on achieving fuller integration of direct marketing with other marketing and communication activities and securing improvements in testing, database quality and timing.