Contact
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
The Banking market in Moldova has been experiencing notable developments in recent years.
Customer preferences: Customers in Moldova are increasingly seeking digital banking solutions that offer convenience and accessibility. This shift in preference towards online and mobile banking services is in line with global trends where customers are looking for efficient and user-friendly banking options. Additionally, there is a growing demand for personalized services and tailored financial products to meet the diverse needs of customers in the market.
Trends in the market: One of the key trends in the banking market in Moldova is the increasing competition among banks to innovate and differentiate their services. This has led to the introduction of new technologies such as artificial intelligence and blockchain to enhance the customer experience and improve operational efficiency. Moreover, there is a trend towards sustainable banking practices, with banks in Moldova focusing on environmental and social responsibility in their operations.
Local special circumstances: Moldova's banking sector has been undergoing reforms to strengthen supervision and regulation, following a period of instability in the past. The government has been working towards improving transparency and governance in the banking sector to enhance trust and stability. Additionally, the country's proximity to the European Union presents opportunities for collaboration and integration with international banking standards and practices.
Underlying macroeconomic factors: The development of the banking market in Moldova is also influenced by macroeconomic factors such as economic growth, inflation, and foreign investment. The stability of the country's economy and regulatory environment plays a significant role in shaping the banking sector. Moreover, efforts to combat money laundering and improve financial inclusion are driving forces behind the evolution of the banking market in Moldova.
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)