Market Insights Financial Banking Traditional Banks

Traditional Commercial Banking - Poland

Poland

In Poland, the Traditional Commercial Banking market market is expected to see a significant increase in Net Interest Income, reaching US$20.99bn in 2024.
This projection indicates a promising future for the country's banking sector.
Furthermore, it is anticipated that the Net Interest Income will continue to grow at an annual rate of 8.03% between 2024 and 2029, resulting in a market volume of US$30.88bn by the end of 2029.
This robust growth demonstrates the resilience and potential of the Polish banking industry.
When comparing the global landscape, it is worth noting that in China is expected to generate the highest Net Interest Income.
In 2024, in China's Net Interest Income is projected to be a staggering US$1,444.0bn.
This highlights in China's dominant position in the global banking sector and further emphasizes the significance of the Traditional Commercial Banking market market on a global scale.
Traditional Commercial Banking in Poland is experiencing a shift towards digitalization, with banks investing in innovative technologies to enhance customer experience and streamline operations.

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 Poland has been experiencing significant growth and transformation in recent years.

Customer preferences: Customers in Poland are increasingly seeking a more personalized and digital banking experience, leading traditional commercial banks to invest heavily in technology to meet these demands. The convenience of online and mobile banking services has become a key factor for customers when choosing a bank, driving the need for innovation in the sector.

Trends in the market: One of the notable trends in the Traditional Commercial Banking market in Poland is the rise of fintech companies offering alternative banking solutions. These fintech firms are challenging traditional banks by providing innovative services such as peer-to-peer lending, digital wallets, and online payment platforms. As a result, traditional banks in Poland are under pressure to adapt and enhance their offerings to compete with these agile and tech-savvy newcomers.

Local special circumstances: Poland's banking sector is unique due to its strong focus on traditional values and customer relationships. Despite the increasing digitalization of banking services, many Polish customers still value face-to-face interactions with their bankers and prefer the security and stability offered by long-established financial institutions. This cultural preference for traditional banking practices has influenced the way commercial banks operate in Poland, emphasizing the importance of maintaining a physical presence in local communities.

Underlying macroeconomic factors: The growth of the Traditional Commercial Banking market in Poland is also influenced by macroeconomic factors such as regulatory changes, economic stability, and demographic shifts. The country's stable economic performance and favorable regulatory environment have attracted foreign investment in the banking sector, leading to increased competition and innovation. Additionally, Poland's young and tech-savvy population is driving the demand for digital banking solutions, prompting traditional banks to modernize their services to remain competitive in the market.

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.