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Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
Key regions: United States, China, Japan, Brazil, United Kingdom
Bangladesh's Banking market is experiencing significant growth and development in recent years.
Customer preferences: Customers in Bangladesh are increasingly leaning towards digital banking solutions, driven by the convenience and accessibility they offer. Mobile banking and online transactions are becoming more popular among the tech-savvy population, leading to a shift from traditional brick-and-mortar banking to virtual platforms.
Trends in the market: One prominent trend in the Banking market in Bangladesh is the rise of fintech companies offering innovative financial services. These fintech firms are disrupting the traditional banking sector by providing efficient and user-friendly solutions tailored to the needs of the younger generation. Moreover, there is a growing trend of banks expanding their reach to rural areas, tapping into previously underserved markets and driving financial inclusion across the country.
Local special circumstances: Bangladesh's unique demographic dividend, with a large young population, is fueling the demand for banking services tailored to the digital-native generation. The government's push towards financial inclusion and regulatory reforms to promote a competitive banking environment are also shaping the market dynamics in the country. Additionally, the increasing penetration of smartphones and internet connectivity is playing a crucial role in driving the adoption of digital banking solutions among the population.
Underlying macroeconomic factors: The stable economic growth and rising per capita income in Bangladesh are contributing to the expansion of the Banking market. As more people enter the formal banking system, there is a growing demand for a wide range of financial products and services. The government's focus on infrastructure development and initiatives to boost the overall economy are creating a favorable environment for the banking sector to thrive and cater to the evolving needs of customers across the country.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)