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Key regions: Germany, United Kingdom, France, Japan, China
The Traditional Banks market in Iran is experiencing significant growth and development.
Customer preferences: Customers in Iran are showing a strong preference for traditional banking services offered by brick-and-mortar banks. They value the security, reliability, and personal interaction that traditional banks provide. Additionally, many customers in Iran have a cultural affinity towards traditional banking practices, further driving their preference for these institutions.
Trends in the market: One notable trend in the Traditional Banks market in Iran is the increasing digitization of services. While customers still value in-person interactions, banks are incorporating digital solutions to improve efficiency and reach a wider customer base. This trend is in line with global advancements in the banking sector, catering to the growing tech-savvy population in Iran.
Local special circumstances: Iran has a unique banking landscape due to its regulatory environment and geopolitical factors. Sanctions imposed on the country have limited its access to international banking systems, leading traditional banks to focus more on domestic operations. This has created opportunities for local banks to strengthen their presence and offerings within the country.
Underlying macroeconomic factors: The development of the Traditional Banks market in Iran is also influenced by macroeconomic factors such as inflation, interest rates, and government policies. Economic stability and regulatory changes play a significant role in shaping the growth trajectory of traditional banks in the country. As Iran continues to navigate through economic challenges, traditional banks are adapting their strategies to remain competitive and resilient in the market.
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)