Banking - Argentina

  • Argentina
  • In Argentina, the Net Interest Income in the Banking market is projected to reach US$80.47bn in 2024.
  • Traditional Banks dominate the market with a projected market volume of US$53.16bn in 2024.
  • The Net Interest Income is expected to show an annual growth rate (CAGR 2024-2029) of -11.20%, resulting in a market volume of US$44.44bn by 2029.
  • In global comparison, China is expected to generate the highest Net Interest Income, reaching US$4,332.0bn in 2024.
  • Argentina's banking sector is experiencing a rise in digital banking services, as more consumers embrace online and mobile banking platforms.

Key regions: United States, China, Japan, Brazil, United Kingdom

 
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Analyst Opinion

In Argentina, the Banking market is experiencing notable growth and transformation.

Customer preferences:
Argentinian customers are increasingly demanding more digital banking solutions, leading to a rise in online and mobile banking services. This shift in preference is driven by the convenience and efficiency that digital platforms offer, allowing customers to conduct transactions and manage their finances anytime, anywhere.

Trends in the market:
One of the prominent trends in the Argentine Banking market is the increasing competition among traditional banks and fintech companies. Fintech firms are gaining traction by offering innovative financial products and services that appeal to tech-savvy customers. This competition is pushing traditional banks to enhance their digital offerings and improve customer experience to stay competitive in the market.

Local special circumstances:
Argentina's banking sector is heavily influenced by the country's economic volatility and inflation rates. As a result, banks in Argentina face challenges in maintaining profitability and managing risks in a fluctuating economic environment. This unique circumstance has prompted banks to adopt agile strategies and diversify their services to mitigate risks and ensure financial stability.

Underlying macroeconomic factors:
The development of the Banking market in Argentina is closely linked to macroeconomic factors such as government policies, interest rates, and foreign exchange fluctuations. Economic reforms and regulatory changes impact the overall performance and stability of the banking sector, influencing investment decisions and market dynamics. As Argentina continues to navigate economic challenges, the Banking market will need to adapt to changing macroeconomic conditions to sustain growth and meet customer needs.

Methodology

Data coverage:

Data encompasses B2B and B2C enterprises. Figures are based on Net Interest Income, Bank Account Penetration rate, the value of Deposits, the number of depositors, the value of Loans, the number of borrowers, Credit Card Interest Income, the number of ATMs as well as the number of Bank Branches.

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data provided by the IMF, World Bank and the annual reports of the top 1000 Banks by asset size. Next we use relevant key market indicators and data from country-specific associations such as GDP, deposit interest rates, lending interest rates or bank account penetration rates. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the S-curve function and exponential trend smoothing are well suited to forecast financial services for digital as well as traditional products and services.

Additional Notes:

The market is updated twice per year in case market dynamics change.

Overview

  • Net Interest Income
  • Analyst Opinion
  • Users
  • Deposits
  • Loans
  • Credit Card Interest Income
  • Mobile Banking
  • ATMs & Bank Branches
  • Methodology
  • Key Market Indicators
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