Image campaign as an element of influence on bank brand recognition and strengthening

Authors

  • R.M. Atayev Bank BelVEB OJSC, Minsk, Republic of Belarus

Keywords:

Image campaign, brand awareness, corporate image, brand equity, customer loyalty, digital marketing communications

Abstract

This article provides an in–depth analysis of the transformation of image campaigns within the banking sector, a shift driven by the transition from price–based competition to a strategic pursuit of customer trust and loyalty. The research conceptualizes corporate image as a dual construct encompassing both functional and emotional components, establishing its direct correlation with the enhancement of brand equity and shareholder value. Drawing upon the foundational branding concepts of theorists such as D. Aaker, K. Keller, and L. Berry, the paper traces the evolution of strategic approaches from conventional reputation management to the cultivation of a holistic brand environment.

Central to this work is a systematization of the innovative strategies that are supplanting traditional advertising campaigns, including: AI–driven predictive personalized marketing, the integration of ESG criteria into brand communications, the development of proprietary financial media via content marketing, and the establishment of seamless Phygital ecosystems. Particular emphasis is placed on the analysis of digital instruments, such as artificial intelligence and social media marketing, which function as key catalysts for the implementation of these strategies. The paper demonstrates that their integrated application accomplishes a twofold objective: it not only enhances brand recognition but also fosters a sustainable, empirically verifiable brand environment that is deeply integrated into the value system and daily life of the contemporary consumer.

Author Biography

R.M. Atayev, Bank BelVEB OJSC, Minsk, Republic of Belarus

Executive Director

References

Аакер Д. Управление капиталом бренда / Д. Аакер. – М.: Издательский дом Гребенникова, 2003. – 480 с.

Базалей, Т. Ю. Формирование доверия через персонализированную коммуникацию: опыт российских банков в продвижении финтех–решений [сайт] / Т. Ю. Базалей, И. В. Еременко // Вестник евразийской науки. – 2024. – Т. 16. – № 6. – URL: https://esj.today/PDF/90FAVN624.pdf (дата доступа: 24.07.2025)

Вахрушев, Д. С. Маркетинговые коммуникации в коммерческом банке в условиях цифровизации / Д. С. Вахрушев, Л. Б. Парфенова, Д. Е. Шалаева // Инновационное развитие экономики. – 2023. – № 3(75). – С. 122–131

Капферер, Ж.–Н. Бренд навсегда: создание, развитие, поддержка ценности бренда / Ж.–Н. Капферер. – М. : Вершина, 2007. – 448 с.

Келле, К .Л. Стратегический бренд – менеджмент / К. Л. Келлер. – М.: Вильямс, 2005. – 704 с.

Козлова, Е. А. Имидж и репутация коммерческого банка как факторы его конкурентоспособности / Е.А. Козлова, Л.Г. Богатырёва // Вестник Полоцкого государственного университета. Серия D. Экономические и юридические науки. – 2023. – № 1. – С. 51–56

Кудрицкая, М. И. Приоритетные направления развития цифровых маркетинговых коммуникаций в банковской сфере / М. И. Кудрицкая // Наука и техника. – 2022. – Т. 21. – № 2. – С. 165–171

Моисеев, А. Ю. Банковская конкуренция на примере Сбербанк, Тинькофф и ВТБ / А. Ю. Моисеев // Прогрессивная экономика. – 2024. – № 6. – С. 32–42

Нургишиева, С. К. Методы повышения эффективности взаимодействия между сотрудниками и клиентами банка / С. К. Нургишиева // Инновации. Наука. Образование. – 2021. – № 47. – С. 670–679

Садовская, Т. В. Управление деловой репутацией коммерческого банка / Т. В. Садовская // Банкаўскi веснiк. – 2021. – № 7(696). – С. 43–52

Светлов, А. А. Маркетинговая стратегия и создание сильного бренда как основы успешного функционирования банка / А. А. Светлов // Бренд–менеджмент. – 2020. – № 2. – С. 156–160

Славова, А. В. Факторы формирования лояльности клиентов в банковском секторе России / А. В. Славова, Н. П. Козлова // Телескоп : журнал социологических и маркетинговых исследований. – 2024. – № 1(13). – С. 62–67

Сушкова, Т. В. Формирование имиджа банка в условиях экономической нестабильности : диссертация ... кандидата экономических наук : 08.00.05 / Т. В. Сушкова. – Пенза, 2010. – 185 с.

Berry, L.L. Services marketing is different / L. L. Berry // Business. – 1980. – № 30(3). – P. 24–29.

Bloemer, J. Investigating drivers of bank loyalty: the complex relationship between image, service quality and satisfaction / J.Bloemer, K.De Ruyter, P. Peeters // International Journal of Bank Marketing. – 1998. – № 16(7). – P. 276–286.

Fombrun, C. What's in a Name? Reputation Building and Corporate Strategy / C.Fombrun, M. Shanley // Academy of Management Journal. – 1990. – № 33(2). – P. 233–258.

Ho, H. A sequence analysis approach to segmenting credit card customers / H. Ho, K.M. Tien, A. Wu, S. Singh // Journal of Retailing and Consumer Services. – 2021. – № 59. – P. 102–379.

Keller K.L. Looking forward, looking back : developing a narrative of the past, present and future of a brand / K.L. Keller // Journal of Brand Management. – 2023. – № 30(1). – P. 1–8.

Koser M. Bank Customer Churn Prediction / M. Koser // Kaggle. – 2020. – URL: https://www.kaggle.com/datasets/barelydedicated/bank–customer–churn–modeling (date of access: 24.07.2025).

Krasonikolakis, I. Are incumbent banks bygones in the face of digital transformation? / I. Krasonikolakis, M. Tsarbopoulos, T.Y. Eng // Journal of General Management. – 2020. – № 46(1). – P. 60–69.

Kumar, S. Past, present and future of bank marketing: a bibliometric analysis of International Journal of Bank Marketing (1983–2020) / S. Kumar, J.J. Xiao, D. Pattnaik, W.M.Lim, T. Rasul // International Journal of Bank Marketing. – 2022. – № 40(2). – P. 341–383.

Naimi–Sadigh, A. Digital transformation in the value chain disruption of banking services / A. Naimi–Sadigh, T. Asgari, M. Rabiei // Journal of the Knowledge Economy. – 2021. – № 13(2). – P. 1–31.

Nguyen, N. Corporate image and corporate reputation in customers' retention decisions in services / N. Nguyen, G. Leblanc // Journal of Retailing and Consumer Services. – 2001. – № 8(4). – P. 227–236.

Nikolić, M. Social networks as a tool for digital marketing in banking in Serbia / M. Nikolić, M. Marković Blagojević, D. Milojkovic // The European Journal of Applied Economics. – 2025. – № 22(1). – P. 71–85.

Parasuraman, A. SERVQUAL : A multiple–item scale for measuring consumer perceptions of service quality / A. Parasuraman, V.A. Zeithaml, L.L. Berry // Journal of Retailing. – 1988. – № 64(1). – P. 12–40.

Quijano–Sanchez, L. The BIG CHASE: a decision support system for client acquisition applied to financial networks / L.Quijano–Sanchez, F. Liberatore // Decision Support Systems. – 2017. – № 98. – P. 49–58.

Tsindeliani, I. A. Digital transformation of the banking system in the context of sustainable development / I. A. Tsindeliani, M. M. Proshunin, T. D. Sadovskaya [et all.] // Journal of Money Laundering Control. – 2022. – № 25(1). – P. 165–180.

Vredenburg, J. Brands taking a stand: authentic brand activism or woke washing? / J. Vredenburg, S. Kapitan, A. Spry, J. A. Kemper // Journal of Public Policy & Marketing. – 2020. – № 39(4). – P. 444–460.

Worcester, R.M. Managing the image of your bank: the glue that binds / R. M. Worcester // International Journal of Bank Marketing. – 1997. – № 15(5). – P. 146–152.

Zhao, C. Bank's service failures and bank customers' switching behavior: does bank reputation matter? / C. Zhao, A. H. M. Noman, M. K. Hassan // International Journal of Bank Marketing. – 2023. – № 41(3). – P. 550–571.

References

Aaker D. Upravlenie kapitalom brenda [Brand Equity Management]. Moscow, Grebennikov Publishing House, 2003, 480 p. (In Russian)

Bazaley T.Yu., Eremenko I.V. Formirovanie doveriya cherez personalizirovannuyu kommunikacziyu: opy`t rossijskikh bankov v prodvizhenii fintekh–reshenij [sajt] [Building trust through personalized communication: the experience of Russian banks in promoting fintech solutions]. Vestnik evrazijskoj nauki [Bulletin of Eurasian Science]. 2024. Vol. 16, no. 6. (In Russian) Available at: https://esj.today/PDF/90FAVN624.pdf (accessed: 24.07.2025).

Vakhrushev D.S., Parfenova L.B., Shalaeva D.E. Marketingovy`e kommunikaczii v kommercheskom banke v usloviyakh czifrovizaczii / [Marketing communications in a commercial bank in the context of digitalization]. Innovaczionnoe razvitie e`konomiki [Innovative Development of Economy]. 2023, no. 3(75), pp. 122–131. (In Russian)

Kapferer J.–N. Brend navsegda: sozdanie, razvitie, podderzhka czennosti brenda [The New Strategic Brand Management: Creating and Sustaining Brand Equity]. Moscow, Vershina, 2007, 448 p. (In Russian)

Keller K.L. Strategicheskij brend – menedzhment [Strategic Brand Management]. Moscow, Williams, 2005, 704 p. (In Russian)

Kozlova E.A., Bogatyreva L.G. Imidzh i reputacziya kommercheskogo banka kak faktory` ego konku-rentosposobnosti [Image and reputation of a commercial bank as factors of its competitiveness]. Vestnik Poloczkogo gosudarstvennogo universiteta. Seriya D. E`konomicheskie i yuridicheskie nauki [Vestnik of Polotsk State University. Series D. Economic and legal sciences]. 2023, no.1, pp. 51–56. (In Russian)

Kudritskaya M.I. Prioritetny`e napravleniya razvitiya czifrovy`kh marketingovy`kh kommunikaczij v bankovskoj sfere [Priority areas for the development of digital marketing communications in the banking sector]. Nauka i tekhnika [Science and Technique]. 2022, Vol. 21, no.2, pp. 165–171. (In Russian)

Moiseev A. Yu. Bankovskaya konkurencziya na primere Sberbank, Tin`koff i VTB [Banking competition on the example of Sberbank, Tinkoff and VTB]. Progressivnaya e`konomika [Progressive Economy]. 2024, no, 6, pp. 32–42. (In Russian)

Nurgishieva S.K. Metody` povy`sheniya e`ffektivnosti vzaimodejstviya mezhdu sotrudnikami i klientami banka [Methods for improving the effectiveness of interaction between employees and bank customers]. Innovaczii. Nauka. Obrazovanie [Innovations. Science. Education]. 2021, no. 47, pp. 670–679. (In Russian)

Sadovskaya T.V. Upravlenie delovoj reputacziej kommercheskogo banka [Management of the business reputation of a commercial bank]. Bankau`ski vesnik [Bank Bulletin]. 2021, no. 7(696), pp. 43–52. (In Russian)

Svetlov A.A. Marketingovaya strategiya i sozdanie sil`nogo brenda kak osnovy` uspeshnogo funkczionirovaniya banka [Marketing strategy and the creation of a strong brand as a basis for the successful functioning of a bank]. Brend–menedzhment [Brand Management]. 2020, no. 2, pp. 156–160. (In Russian)

Slavova A.V., Kozlova N.P. Faktory` formirovaniya loyal`nosti klientov v bankovskom sektore Rossii [Factors of customer loyalty formation in the Russian banking sector]. Teleskop : zhurnal socziologicheskikh i marketingovy`kh issledovanij [Telescope: Journal of Sociological and Marketing Research]. 2024, no. 1(13), pp. 62–67]. (In Russian)

Sushkova T.V. Formirovanie imidzha banka v usloviyakh e`konomicheskoj nestabil`nosti [Formation of a bank's image in the context of economic instability]. Cand. sci. diss. Penza, 2010, 185 p.. (In Russian)

Berry L.L. Services marketing is different. Business. 1980, no. 30(3), pp. 24–29.

Bloemer J., De Ruyter K., Peeters P. Investigating drivers of bank loyalty: the complex relationship between image, service quality and satisfaction. International Journal of Bank Marketing. 1998, no. 16(7), pp. 276–286.

Fombrun C., Shanley M. What's in a Name? Reputation Building and Corporate Strategy. Academy of Management Journal. 1990, no. 33(2), pp. 233–258.

Ho H., Tien K.M., Wu A., Singh S. A sequence analysis approach to segmenting credit card customers. Journal of Retailing and Consumer Services. 2021, no. 59, pp. 102–379.

Keller K.L. Looking forward, looking back: developing a narrative of the past, present and future of a brand. Journal of Brand Management. 2023, no. 30(1), pp. 1–8.

Koser M. Bank Customer Churn Prediction. Kaggle. 2020. Available at: https://www.kaggle.com/datasets/barelydedicated/bank–customer–churn–modeling (accessed: 24.07.2025).

Krasonikolakis I., Tsarbopoulos M., Eng T.Y. Are incumbent banks bygones in the face of digital transformation? Journal of General Management. 2020, no.46(1), pp. 60–69.

Kumar S., Xiao J.J., Pattnaik D., Lim W.M., Rasul T. Past, present and future of bank marketing: a bibliometric analysis of International Journal of Bank Marketing (1983–2020). International Journal of Bank Marketing. 2022, no. 40(2), pp. 341–383.

Naimi–Sadigh A., Asgari T., Rabiei M. Digital transformation in the value chain disruption of banking services. Journal of the Knowledge Economy. 2021, no.13(2), pp. 1–31.

Nguyen N., Leblanc G. Corporate image and corporate reputation in customers' retention decisions in services. Journal of Retailing and Consumer Services. 2001, no.8(4), pp. 227–236.

Nikolić M., Marković Blagojević M., Milojkovic D. Social networks as a tool for digital marketing in banking in Serbia. The European Journal of Applied Economics. 2025, no. 22(1), pp. 71–85.

Parasuraman A., Zeithaml V.A., Berry L.L. SERVQUAL: A multiple–item scale for measuring consumer perceptions of service quality. Journal of Retailing. 1988, no. 64(1), pp. 12–40.

Quijano–Sanchez L., Liberatore F. The BIG CHASE: a decision support system for client acquisition applied to financial networks. Decision Support Systems. 2017, no. 98, pp. 49–58.

Tsindeliani I.A., Proshunin M.M., Sadovskaya T.D., Popkova Z.G., Davydova M.A., Babayan O.A. Digital transformation of the banking system in the context of sustainable development. Journal of Money Laundering Control. 2022, no. 25(1), pp. 165–180.

Vredenburg J., Kapitan S., Spry A., Kemper J.A. Brands taking a stand: authentic brand activism or woke washing? Journal of Public Policy & Marketing. 2020, no. 39(4), pp. 444–460.

Worcester R.M. Managing the image of your bank: the glue that binds. International Journal of Bank Marketing. 1997, no. 15(5), pp. 146–152.

Zhao C., Noman A.H.M., Hassan M.K. Bank's service failures and bank customers' switching behavior: does bank reputation matter? International Journal of Bank Marketing. 2023, no. 41(3), pp. 550–571.

Published

2026-03-10

How to Cite

Атаев, Р. (2026). Image campaign as an element of influence on bank brand recognition and strengthening. Economy and Banks, (2), 45-55. Retrieved from https://ojs.polessu.by/EB/article/view/2114

Issue

Section

Finance, money circulation and credit