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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)
Key regions: United States, China, Japan, Brazil, United Kingdom
Amidst the historical ruins and picturesque landscapes of Greece, the Banking market is undergoing notable developments and trends.
Customer preferences: Customers in the Greek Banking market are increasingly gravitating towards digital banking solutions, driven by convenience and accessibility. The younger demographic, in particular, is more inclined towards mobile banking services, reflecting a global trend towards digitalization in the financial sector.
Trends in the market: One prominent trend in the Greek Banking market is the ongoing consolidation among banks, leading to a more streamlined and competitive landscape. This trend is partly a response to regulatory requirements and the need for cost efficiency in the face of economic challenges. Additionally, banks are focusing on enhancing their customer experience through personalized services and efficient digital platforms.
Local special circumstances: The Greek Banking market has been significantly influenced by the country's economic conditions in recent years. The financial crisis and subsequent austerity measures have reshaped the market, leading to a more cautious approach by both banks and consumers. As the economy gradually stabilizes, banks are adapting their strategies to cater to changing customer needs and regulatory demands.
Underlying macroeconomic factors: The macroeconomic environment in Greece plays a crucial role in shaping the Banking market. Factors such as GDP growth, inflation rates, and government policies directly impact the performance and strategies of banks in the country. As Greece continues its path towards recovery, banks are navigating through challenges and opportunities to ensure sustainable growth and profitability in the market.
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)