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Key regions: Germany, United Kingdom, France, Japan, China
The Traditional Banks market in Niger is experiencing significant growth and development in recent years.
Customer preferences: Customers in Niger are increasingly turning to traditional banks for their financial needs due to a growing trust in established financial institutions. The preference for personalized services and face-to-face interactions with bank representatives also drives customers towards traditional banks.
Trends in the market: One noticeable trend in the Traditional Banks market in Niger is the expansion of branch networks to reach more rural areas. This trend is driven by the government's initiatives to promote financial inclusion and improve access to banking services for underserved populations. Additionally, traditional banks are investing in digital banking solutions to cater to the tech-savvy younger population while still maintaining their physical presence for older customers.
Local special circumstances: Niger's banking sector is heavily regulated, which shapes the competitive landscape for traditional banks. The Central Bank of Niger plays a crucial role in overseeing the sector and ensuring financial stability. Moreover, the country's predominantly cash-based economy presents both opportunities and challenges for traditional banks to innovate and introduce new financial products and services.
Underlying macroeconomic factors: The stable economic growth in Niger, driven by sectors such as agriculture, mining, and construction, provides a favorable environment for the expansion of the Traditional Banks market. Additionally, the government's efforts to improve infrastructure and promote foreign investment contribute to the overall growth of the banking sector in the country.
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)