Market Insights Financial Banking Traditional Banks

Traditional Commercial Banking - Croatia

Croatia

In Croatia, the Traditional Commercial Banking market market is anticipated to witness a significant growth in Net Interest Income, with projections indicating a rise to US$0.85bn by 2024.
Moreover, it is expected that the Net Interest Income will exhibit a compound annual growth rate (CAGR 2024-2029) of -0.96%, ultimately reaching a market volume of US$0.81bn by 2029.
When compared globally, it is worth noting that in China will generate the highest Net Interest Income, amounting to US$1,444.0bn in 2024.
Croatia's traditional commercial banking market is experiencing a shift towards digitalization, with banks investing in online platforms and mobile banking services.

Key regions: China, France, Brazil, Singapore, India

Definition:

Commercial banking refers to the financial services sector that provides a range of financial products and services to businesses, including small and large enterprises. Commercial banks offer services such as loans, lines of credit, and other financial products specifically designed for businesses. These services are critical to supporting the growth and development of businesses and the broader economy.
Commercial banks play a key role in the financial landscape by providing businesses with the funding they need to invest in new projects, hire employees, and expand their operations. They also offer a range of risk management services, such as trade financing and hedging solutions, to help businesses manage their financial risks.
The commercial banking market is highly competitive, with large global players as well as regional and local banks competing for business. Banks in this market are continually seeking ways to improve their offerings and remain competitive by leveraging technology and offering innovative financial products and services. Changes in regulations and the growing trend towards digitalization are also shaping the commercial banking market, creating opportunities for new entrants and forcing existing players to adapt.
Overall, commercial banking provides a vital range of financial services to businesses and is critical to supporting the growth and development of the broader economy.

Structure:

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 Commercial Banking market in Croatia has been experiencing notable developments in recent years.

Customer preferences: Customers in Croatia are increasingly seeking personalized banking services that cater to their specific needs and preferences. This trend is driving banks in the country to focus on enhancing their customer service offerings and digital banking capabilities to provide a seamless and convenient banking experience.

Trends in the market: One key trend in the Traditional Commercial Banking market in Croatia is the growing adoption of digital banking solutions. Banks are investing in technology to streamline their operations, improve efficiency, and offer innovative digital services to customers. Additionally, there is a trend towards sustainable banking practices, with banks in Croatia increasingly incorporating environmental, social, and governance (ESG) criteria into their business strategies.

Local special circumstances: Croatia's banking sector is influenced by its unique geographical position and tourism-driven economy. The country's membership in the European Union has also had an impact on its banking market, leading to increased regulatory alignment with EU standards. Moreover, the presence of both domestic and foreign banks in Croatia creates a competitive market environment that drives innovation and service quality.

Underlying macroeconomic factors: The economic stability and growth prospects of Croatia play a significant role in shaping the Traditional Commercial Banking market. Factors such as GDP growth, inflation rates, and interest rates impact the overall performance of banks in the country. Additionally, government policies and regulations, as well as global economic trends, have implications for the banking sector in Croatia.

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.