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The Traditional Commercial Banking market in ASEAN is experiencing significant growth and development driven by various factors.
Customer preferences: Customers in the ASEAN region are increasingly looking for convenient and efficient banking services. With the rise of digitalization, there is a growing demand for online and mobile banking solutions that offer flexibility and accessibility. Moreover, customers are seeking personalized services that cater to their specific needs and preferences.
Trends in the market: In Indonesia, there is a trend towards the expansion of branch networks in rural areas to reach unbanked populations. This initiative is aimed at promoting financial inclusion and driving economic growth in underserved regions. Additionally, the Philippines is witnessing a surge in digital payment solutions, with more customers opting for cashless transactions and mobile banking services.
Local special circumstances: In Malaysia, the Islamic banking sector is gaining prominence due to the country's large Muslim population. As a result, traditional commercial banks are increasingly offering Islamic banking products to cater to the specific religious requirements of customers. This trend is shaping the banking landscape in Malaysia and influencing the overall market dynamics.
Underlying macroeconomic factors: The economic growth and stability in the ASEAN region are playing a crucial role in the development of the Traditional Commercial Banking market. As countries in the region experience steady economic expansion, there is an increase in demand for banking services to support business activities and consumer spending. Additionally, favorable government policies and regulatory frameworks are creating a conducive environment for the growth of the banking sector in ASEAN.
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)