Traditional Banks - Poland

Poland

In Poland, the net interest income in the Traditional Banks market market is forecasted to reach US$26.38bn in 2024.
Traditional Commercial Banking dominates the market with a projected market volume of US$20.99bn in the same year.
The net interest income is expected to exhibit an annual growth rate (CAGR 2024-2029) of 9.45%, resulting in a market volume of US$41.44bn by 2029.
When compared globally, China is expected to generate the highest net interest income of US$3,869.0bn in 2024.
Poland's traditional banks are adapting to the digital age by enhancing their online banking platforms and introducing innovative financial services.

Key regions: Germany, United Kingdom, France, Japan, China

Definition:

The Traditional Retail and Commercial Banks market refers to the financial services sector that provides a range of financial products and services to individuals and businesses through store-based branches and other traditional channels. Retail banking focuses on offering financial services to individual consumers, such as personal loans, savings and checking accounts, credit cards, and mortgages. Commercial banking, on the other hand, provides financial services to small and large businesses, including loans, lines of credit, and other financial products designed specifically for businesses.
The traditional banking market is highly competitive and characterized by the presence of large global players as well as regional and local banks. These banks have a long history of serving customers and have established relationships and a deep understanding of the financial needs of their communities. They offer a wide range of services and are able to provide personalized advice and support to their customers.
In this market, banks are continually seeking ways to improve their offerings and remain competitive by leveraging technology and offering innovative financial products and services. However, they also face challenges, such as increased competition and changing customer preferences, which are driving the need for continuous improvement and adaptation.
Overall, the traditional retail and commercial banking market provides a wide range of financial services to both individuals and businesses through established, trusted channels and continues to play a vital role in the financial landscape.

Structure:

The market consists of two segments:
- The Traditional Retail Banks market refers to financial services provided to individual consumers (e.g., personal loans, savings and checking accounts, credit cards, mortgages).
- The Traditional Commercial Banks market refers to financial services provided to businesses, including small and large enterprises (loans, lines of credit, other financial products specifically designed for businesses).

The market data comprises Net Interest Income, the value of Deposits, the value of Loans, Credit Card Interest Income, the number of ATMs as well as the number of Bank Branches.

Additional information:

The Banking market is highly competitive and characterized by the presence of large global players as well as regional and local banks. Banks are continually seeking ways to improve their offerings and remain competitive by leveraging technology and offering innovative financial products and services. Additionally, changes in regulations and the growing trend toward digitalization are shaping the retail and commercial banking market, creating opportunities for new entrants and forcing existing players to adapt.

Key players in this market are companies such as Industrial and Commercial Bank of China Ltd., JPMorgan Chase & Co., and HSBC Holdings.

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Analyst Opinion

The Traditional Banks market in Poland has been experiencing significant growth and development in recent years.

Customer preferences: Customers in Poland are increasingly seeking personalized and convenient banking services, driving traditional banks to innovate and enhance their digital offerings. The demand for online and mobile banking solutions has been on the rise, prompting traditional banks to invest in technology to meet customer expectations for seamless and efficient banking experiences.

Trends in the market: One of the notable trends in the Traditional Banks market in Poland is the increasing competition from digital banks and fintech companies. Traditional banks are facing pressure to adapt to the changing landscape and compete with agile and tech-savvy newcomers. As a result, many traditional banks in Poland are focusing on digital transformation initiatives to stay relevant and attract new customers. Moreover, there is a growing trend towards sustainable and socially responsible banking practices in Poland. Customers are showing a preference for banks that demonstrate a commitment to environmental and social causes, leading traditional banks to incorporate ESG (Environmental, Social, and Governance) principles into their operations and offerings.

Local special circumstances: In Poland, the banking sector is characterized by a strong regulatory environment that influences the operations and strategies of traditional banks. Regulatory requirements and compliance standards play a crucial role in shaping the competitive landscape and driving innovation in the market. Traditional banks in Poland are required to adhere to strict regulations related to consumer protection, data privacy, and financial stability, which can impact their business decisions and market positioning.

Underlying macroeconomic factors: The development of the Traditional Banks market in Poland is also influenced by macroeconomic factors such as economic growth, interest rates, and inflation. A stable economic environment and favorable interest rate conditions can support the growth of traditional banks by encouraging borrowing and investment activities. On the other hand, economic uncertainties or fluctuations in interest rates may pose challenges for traditional banks in Poland, affecting their profitability and lending practices.

Methodology

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.