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The Traditional Commercial Banking market in Mauritius is experiencing notable developments and trends that are shaping its landscape.
Customer preferences: Customers in Mauritius are increasingly seeking personalized banking services that cater to their specific needs and preferences. This trend is driving banks to innovate and offer tailored solutions, such as digital banking platforms and specialized financial products, to enhance customer satisfaction and loyalty.
Trends in the market: One of the key trends in the Traditional Commercial Banking market in Mauritius is the growing adoption of digital banking services. Banks are investing in technology to streamline operations, improve efficiency, and provide convenient banking solutions to customers. Additionally, there is a notable trend towards sustainable banking practices, with banks in Mauritius focusing on environmental and social responsibility in their operations.
Local special circumstances: Mauritius, as a prominent financial hub in the region, benefits from a stable regulatory environment and a well-established banking sector. The country's strategic location, strong economic fundamentals, and skilled workforce make it an attractive destination for international investors and financial institutions. Moreover, Mauritius has a diverse customer base with varying banking needs, driving banks to offer a wide range of products and services to cater to different segments of the population.
Underlying macroeconomic factors: The Traditional Commercial Banking market in Mauritius is influenced by various macroeconomic factors, including economic growth, inflation rates, and government policies. As the economy continues to expand, there is a growing demand for banking services to support business activities and consumer spending. Moreover, regulatory changes and compliance requirements play a significant role in shaping the banking landscape in Mauritius, with banks adapting their strategies to meet evolving regulatory standards and customer expectations.
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)