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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: Germany, United Kingdom, France, Japan, China
The Traditional Banks market in Myanmar has been experiencing significant growth and development in recent years.
Customer preferences: Customers in Myanmar are increasingly turning to traditional banks for their financial needs due to a growing trust in the reliability and stability of these institutions. The preference for face-to-face interactions and personalized services offered by traditional banks also plays a significant role in attracting customers in the market.
Trends in the market: One of the key trends in the Traditional Banks market in Myanmar is the expansion of banking services to rural and underserved areas. Traditional banks are leveraging technology to reach a wider customer base and provide access to financial services in remote regions. Additionally, there is a trend towards offering innovative products and services to cater to the evolving needs of customers in the market.
Local special circumstances: Myanmar's banking sector has been undergoing significant regulatory reforms to promote transparency and improve governance standards. The government's efforts to modernize the financial system and attract foreign investment have created a favorable environment for the growth of traditional banks in the country. Moreover, the increasing integration of Myanmar into the global economy is driving competition and innovation in the banking sector.
Underlying macroeconomic factors: The overall economic growth and stability in Myanmar are contributing to the development of the Traditional Banks market. As the country continues to open up to foreign investment and trade, there is a growing demand for banking services to support business activities. The rising middle-class population and increasing urbanization are also driving the need for a wider range of financial products and services offered by traditional banks.
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)