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The Traditional Commercial Banking market in Bosnia and Herzegovina has been experiencing notable developments in recent years.
Customer preferences: Customers in Bosnia and Herzegovina have shown a growing inclination towards traditional commercial banking services, such as savings accounts, loans, and investment products. This preference can be attributed to the stability and reliability offered by established banks in the country.
Trends in the market: One of the key trends in the Traditional Commercial Banking market in Bosnia and Herzegovina is the increasing adoption of digital banking solutions. As customers seek more convenient ways to manage their finances, banks in the country are investing in online and mobile banking platforms to meet this demand. Additionally, there is a trend towards personalized banking services, with banks tailoring their offerings to suit the individual needs of customers.
Local special circumstances: Bosnia and Herzegovina's banking sector is characterized by a high level of competition among both domestic and foreign banks. This competitive landscape has led to banks focusing on innovation and customer service to differentiate themselves in the market. Moreover, the country's complex regulatory environment poses challenges for banks operating in Bosnia and Herzegovina, requiring them to navigate various legal and compliance requirements.
Underlying macroeconomic factors: The development of the Traditional Commercial Banking market in Bosnia and Herzegovina is also influenced by macroeconomic factors such as GDP growth, inflation rates, and interest rates. Economic stability and growth in the country have a positive impact on the banking sector, leading to increased lending activities and investment opportunities. Additionally, changes in regulatory policies and international economic trends can shape the direction of the banking market in Bosnia and Herzegovina.
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)