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Key regions: Germany, United Kingdom, France, Japan, China
Over the past few years, the Traditional Banks market in Pakistan has been experiencing significant growth and development.
Customer preferences: Customers in Pakistan have shown a strong preference for traditional banking services offered by brick-and-mortar banks. This can be attributed to the cultural importance placed on face-to-face interactions and personal relationships in business dealings.
Trends in the market: One notable trend in the Traditional Banks market in Pakistan is the increasing adoption of digital banking services by traditional banks. While digital banking is on the rise globally, in Pakistan, traditional banks are strategically incorporating digital elements to cater to the tech-savvy population while still maintaining the personalized touch that customers value.
Local special circumstances: Pakistan's regulatory environment plays a crucial role in shaping the Traditional Banks market. The State Bank of Pakistan, the country's central bank, has been proactive in implementing policies that support the growth of traditional banks while also encouraging innovation and competition in the sector.
Underlying macroeconomic factors: The macroeconomic landscape in Pakistan, including factors such as GDP growth, inflation rates, and government policies, has a direct impact on the Traditional Banks market. As the economy continues to grow and stabilize, traditional banks are poised to benefit from increased lending opportunities and a growing customer base looking for a variety of financial products and services.
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)