Examination of Satisfaction Level of Bank Service Customers Using Servqual Model

Zimonjić Velida ()
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Zimonjić Velida: State University Novi Pazar, Serbia

Economic Themes, 2018, vol. 56, issue 4, 475-486

Abstract: Customers, their needs, wishes and expectations have to be in the focus of each market-oriented enterprise, whose aim is to survive and develop in the conditions of continuous changes of environment and pronounced degree of competence. The aim of this paper is to emphasise the importance of customer satisfaction linked to service quality using theoretical survey and empirical research, point to factors that influence its level and present the measurement models in order to provide adequate reaction of the enterprise. Special attention is paid to the examination of relationship between the customer satisfaction, expectations, loyalty and service quality. The establishment and maintenance of long-term relationships based on high level of satisfaction through delivery of superior service quality leads to customer loyalty, whereby loyalty is a precondition for repurchase and realisation of business success of an enterprise. Since banking sector is extremely turbulent and characterised by strong competition, the empirical research conducted by the author using SERVQUAL model is aimed at examination of the satisfaction level of bank service customers and consequently making relevant recommendations and conclusions.

Keywords: customers; satisfaction; quality; expectations; loyalty; banks; service SERVQUAL (search for similar items in EconPapers)
JEL-codes: M31 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ecothe:v:56:y:2018:i:4:p:475-486:n:3

DOI: 10.2478/ethemes-2018-0027

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