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Key regions: United States, China, Japan, Brazil, United Kingdom
The Banking market in Mauritius has been experiencing significant growth and development in recent years.
Customer preferences: Customers in Mauritius have shown a growing preference for digital banking services, leading to an increase in online and mobile banking usage. This trend is in line with global preferences for convenient and efficient banking solutions that can be accessed anytime, anywhere.
Trends in the market: One notable trend in the Mauritian Banking market is the increasing focus on sustainable and socially responsible banking practices. Banks in Mauritius are aligning their operations with environmental and social goals, catering to the growing demand for ethical banking services among consumers. Additionally, there is a rise in personalized banking services tailored to individual customer needs, enhancing customer experience and loyalty.
Local special circumstances: Mauritius, as a global financial hub, benefits from a stable political environment, sound regulatory framework, and a well-established banking infrastructure. The country's strategic location and strong connectivity to African and Asian markets make it an attractive destination for international banking activities. Moreover, the government's efforts to promote fintech innovation and financial inclusion have contributed to the growth of the Banking market in Mauritius.
Underlying macroeconomic factors: The steady economic growth, low inflation rates, and increasing foreign direct investment in Mauritius have created a conducive environment for the Banking sector to thrive. The country's strong regulatory environment and adherence to international standards have bolstered investor confidence in the banking system. Additionally, Mauritius' focus on diversifying its economy and promoting entrepreneurship has led to a growing demand for banking services to support business development and expansion.
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)