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Key regions: Germany, United Kingdom, France, Japan, China
The Traditional Banks market in Central & Western Europe is experiencing a shift in customer preferences, leading to several notable trends in the industry.
Customer preferences: Customers in Central & Western Europe are increasingly seeking personalized banking services and digital solutions that offer convenience and efficiency. This shift is being driven by the growing adoption of technology in everyday life, prompting traditional banks to enhance their online and mobile banking platforms to meet customer expectations. Additionally, there is a rising demand for sustainable banking practices and ethical investments among customers in the region.
Trends in the market: In Germany, traditional banks are facing competition from digital banks that offer innovative services and attract tech-savvy customers. As a result, traditional banks in the country are investing in digital transformation to remain competitive and retain market share. In France, there is a trend towards consolidation in the traditional banking sector, with larger banks acquiring smaller regional players to expand their customer base and market presence. This consolidation is driven by the need to achieve economies of scale and streamline operations in a highly competitive market.
Local special circumstances: In Italy, the traditional banking sector is grappling with high levels of non-performing loans and a fragmented market structure. Italian banks are under pressure to improve asset quality and profitability, leading to efforts to reduce non-performing loans and enhance risk management practices. In Spain, traditional banks are focusing on diversifying their revenue streams and expanding into new markets to offset the impact of low interest rates and regulatory challenges. Spanish banks are also investing in digital technologies to improve operational efficiency and enhance the customer experience.
Underlying macroeconomic factors: The Traditional Banks market in Central & Western Europe is influenced by macroeconomic factors such as low interest rates, regulatory changes, and economic uncertainty. The prolonged period of low interest rates has compressed net interest margins for traditional banks, affecting their profitability and prompting a search for alternative revenue sources. Regulatory changes aimed at enhancing consumer protection and promoting financial stability have also shaped the operating environment for traditional banks in the region. Economic uncertainty, including Brexit and the impact of the COVID-19 pandemic, has further challenged traditional banks to adapt to changing market conditions and customer needs.
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)