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Sport sponsorship pays off for National Australia Bank
Sport sponsorship is paying off for the National Australia Bank (NAB), which has seen customer satisfaction scores rising sharply among AFL fans.
With the bank backing the AFL’s pre-season NAB Challenge – which features 27 matches across 25 days from mid-February to mid-March – a recent study by Roy Morgan Research investigated satisfaction among its customers.
The research found that some 80% of NAB account holders were "very" or "fairly" satisfied with the bank during the six months to December 2015.
However, this figure climbed in relation to the level of interest account holders showed in the NAB Challenge. Among those who only "occasionally" watched games in that competition, satisfaction edged up two percentage points to 82% while among those who "almost always" watched matches, the figure rose eight percentage points to 88%.
Overall, customers who almost always watched the NAB Challenge showed a 10 point increase on the average customer in terms of being "very" satisfied with the bank, while for occasional viewers of the competition there was a nine-point uplift from the average in terms of being "fairly" satisfied.
Norman Morris, Roy Morgan Research Communications Director, noted that around one in three Australians tuning in to the AFL pre-season already associated NAB with Australian rules football.
Morris stated “any company that sponsors a popular sporting event is hoping at heart for just an ounce of transference: love the sport, like us a bit.
"This data suggests a real correlation – and not just a demographic correlation – between fans of the AFL pre-season and their positive attitude to its sponsor."
Morris also suggested that the data "highlights how likeability can play a big part in satisfying customers – who are then more loyal, more open to cross-selling, and more likely to recommend to friends and family, delivering long-term benefits."
1st March 2016 - AFL REVENUES TOPPED $500 MILLION IN 2015
17th September 2015 - LIVE NATION ANNOUNCES MAJOR PARTNERSHIP WITH NATIONAL AUSTRALIA BANK
3rd February 2014 - GEELONG’S ‘FESTIVAL OF FOOTBALL’ TO BRING MAJOR ECONOMIC WINDFALL
9th September 2011 - COMPANIES THAT SPONSOR OUTPERFORM THOSE THAT DON’T
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