Contact
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)
In Bhutan, the Traditional Commercial Banking market is experiencing notable developments and trends.
Customer preferences: Customers in Bhutan show a strong inclination towards personalized banking services that cater to their specific needs. They value face-to-face interactions with bank representatives and prioritize relationship building with their bankers.
Trends in the market: One prominent trend in the Traditional Commercial Banking market in Bhutan is the shift towards digital banking services. While the country has traditionally been known for its preference for in-person banking, there is a growing acceptance of online and mobile banking platforms among customers. This trend is driven by the increasing penetration of smartphones and the convenience offered by digital banking services.
Local special circumstances: Bhutan's unique geographical location and cultural values play a significant role in shaping the Traditional Commercial Banking market. The country's focus on Gross National Happiness (GNH) influences banking practices, with an emphasis on promoting social welfare and sustainable development. This translates into banks offering products and services that align with Bhutan's cultural values and support the overall well-being of the society.
Underlying macroeconomic factors: The economic stability and growth in Bhutan contribute to the development of the Traditional Commercial Banking market. As the country continues to experience steady economic growth and government initiatives focus on financial inclusion, the banking sector is poised for further expansion. Additionally, Bhutan's strategic location between economic powerhouses like India and China presents opportunities for the banking sector to facilitate cross-border trade and investment, further driving market growth.
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)