Traditional Banks - Argentina

  • Argentina
  • In 2024, the Net Interest Income in Argentina's Traditional Banks market market is projected to reach US$53.16bn.
  • Among the market segments, Traditional Commercial Banking dominates with a projected market volume of US$41.34bn in 2024.
  • Looking ahead, the Net Interest Income is expected to exhibit a compound annual growth rate (CAGR 2024-2029) of -12.10%, resulting in a market volume of US$27.90bn by 2029.
  • It is worth noting that in global comparison, China is expected to generate the highest Net Interest Income in 2024, amounting to US$3,869.0bn.
  • Traditional banks in Argentina are facing increased competition from digital banking platforms, forcing them to adapt and innovate in order to remain relevant in the market.

Key regions: Germany, United Kingdom, France, Japan, China

 
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Analyst Opinion

Despite facing challenges from digital banking alternatives, Traditional Banks in Argentina are experiencing steady growth and evolution in the market.

Customer preferences:
Argentinian customers still show a strong preference for Traditional Banks due to their trustworthiness, long-standing presence in the market, and comprehensive range of services. Many customers value the personalized service and face-to-face interactions offered by traditional banks, especially for complex financial transactions and advisory services.

Trends in the market:
One noticeable trend in the Traditional Banks market in Argentina is the increasing adoption of digital technologies. Traditional banks are investing in online and mobile banking platforms to enhance customer experience and compete with digital-only banks. Additionally, there is a growing trend of traditional banks partnering with fintech companies to offer innovative services such as digital payments, lending, and wealth management.

Local special circumstances:
In Argentina, the regulatory environment plays a significant role in shaping the Traditional Banks market. Strict regulations and capital requirements have led to a concentrated banking sector dominated by a few major players. This concentration has both positive and negative impacts, as it promotes stability but also limits competition and innovation in the market.

Underlying macroeconomic factors:
Macroeconomic factors such as inflation, currency fluctuations, and economic instability have influenced the development of the Traditional Banks market in Argentina. High inflation rates have led to a focus on offering inflation-indexed financial products, while currency devaluations have affected the profitability and lending practices of traditional banks. Economic downturns have also increased the demand for credit and financial services, driving traditional banks to adapt their offerings to meet changing customer needs.

Methodology

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.

Overview

  • Net Interest Income
  • Analyst Opinion
  • Deposits
  • Loans
  • Credit Card Interest Income
  • ATMs & Bank Branches
  • Methodology
  • Key Market Indicators
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