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Key regions: United States, China, Japan, Brazil, United Kingdom
The Banking market in EAEU is experiencing significant growth and evolution, driven by various factors shaping the financial landscape in the region.
Customer preferences: Customers in the EAEU region are increasingly leaning towards digital banking solutions, seeking convenience, efficiency, and accessibility in their financial transactions. The demand for online and mobile banking services is on the rise as customers value the flexibility and ease of managing their finances remotely. Moreover, there is a growing preference for personalized services and tailored financial products that cater to individual needs and preferences.
Trends in the market: One prominent trend in the Banking market in EAEU is the increasing collaboration between traditional banks and fintech companies. This partnership is driven by the need to enhance technological capabilities, improve customer experience, and stay competitive in the evolving market. Additionally, there is a growing focus on sustainable and socially responsible banking practices, with banks integrating environmental, social, and governance (ESG) criteria into their operations and investment decisions.
Local special circumstances: The unique geopolitical and economic dynamics within the EAEU region play a significant role in shaping the Banking market. Cross-border trade and investments among member countries influence banking activities, leading to a focus on international banking services and solutions. Regulatory frameworks and compliance requirements also vary across EAEU countries, impacting the operations and expansion strategies of banks operating in the region.
Underlying macroeconomic factors: The macroeconomic environment in the EAEU region, including factors such as GDP growth, inflation rates, and exchange rate fluctuations, influences the Banking market dynamics. Economic stability and growth prospects drive investment activities, lending practices, and overall confidence in the financial sector. Moreover, government policies and initiatives aimed at promoting financial inclusion and innovation contribute to the development and competitiveness of the Banking market in EAEU.
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)