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Mon - Fri, 9am - 6pm (EST)
Key regions: Germany, United Kingdom, France, Japan, China
Algeria is witnessing interesting developments in its Traditional Banks market, with unique customer preferences and local special circumstances shaping the trends in the sector.
Customer preferences: Customers in Algeria are showing a growing inclination towards traditional banking services, such as savings accounts, personal loans, and mortgage facilities. This preference can be attributed to a cultural trust in established banking institutions and a desire for face-to-face interactions when managing their finances.
Trends in the market: One notable trend in the Algerian Traditional Banks market is the increasing adoption of digital banking services by customers. While traditional banking methods remain popular, there is a gradual shift towards online and mobile banking platforms. This trend is driven by the convenience and accessibility offered by digital banking, especially among the younger population.
Local special circumstances: The Algerian banking sector is heavily regulated by the government, with strict policies in place to ensure stability and security. This regulatory environment influences the operations and offerings of traditional banks in the country, shaping the competitive landscape. Additionally, the reliance on oil and gas revenues in Algeria plays a significant role in the banking sector, as fluctuations in commodity prices can impact the overall economy and banking activities.
Underlying macroeconomic factors: The macroeconomic landscape in Algeria, including factors such as GDP growth, inflation rates, and government policies, directly impacts the Traditional Banks market. Economic stability and growth are essential for the sector to thrive, as they influence consumer confidence, investment opportunities, and overall banking activities. Moreover, global economic trends and geopolitical events can also have ripple effects on the Algerian banking industry, highlighting the interconnected nature of the market with the broader international economy.
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)