Contact
![Contact Meredith Alda](https://cdn.statcdn.com/contactPerson/3646.jpg)
Mon - Fri, 9am - 6pm (EST)
![Contact Yolanda Mega](https://cdn.statcdn.com/contactPerson/3195.jpg)
Mon - Fri, 9am - 5pm (SGT)
![Contact Kisara Mizuno](https://cdn.statcdn.com/contactPerson/2661.jpg)
Mon - Fri, 10:00am - 6:00pm (JST)
![Contact Lodovica Biagi](https://cdn.statcdn.com/contactPerson/863.jpg)
Mon - Fri, 9:30am - 5pm (GMT)
![Contact Carolina Dulin](https://cdn.statcdn.com/contactPerson/3012.jpg)
Mon - Fri, 9am - 6pm (EST)
Key regions: France, Brazil, Germany, United Kingdom, United States
Belarus, a country known for its rich cultural heritage and beautiful landscapes, is experiencing interesting developments in its Traditional Retail Banking market.
Customer preferences: Customers in Belarus are increasingly seeking convenience and efficiency in their banking services. With the rapid advancement of technology, there is a growing preference for digital banking solutions that offer 24/7 access to accounts, easy fund transfers, and online payment options. Moreover, customers are looking for personalized services that cater to their individual financial needs and goals.
Trends in the market: One prominent trend in the Traditional Retail Banking market in Belarus is the rise of neobanks and fintech companies. These innovative players are disrupting the market by offering streamlined digital banking experiences without the need for physical branches. As a result, traditional banks are also investing in digital transformation to stay competitive and meet the evolving needs of customers. Additionally, there is a noticeable trend towards sustainable banking practices, with customers showing interest in environmentally friendly banking products and services.
Local special circumstances: In Belarus, the banking sector is heavily influenced by government regulations and policies. The Central Bank of Belarus plays a significant role in shaping the industry landscape and ensuring stability within the financial system. As a result, traditional banks in the country must navigate a complex regulatory environment while also adapting to changing customer preferences and technological advancements. Additionally, the relatively small size of the market presents both opportunities and challenges for banks operating in Belarus.
Underlying macroeconomic factors: The economic landscape in Belarus, including factors such as GDP growth, inflation rates, and foreign investment, has a direct impact on the Traditional Retail Banking market. Economic stability and growth contribute to increased consumer confidence and spending, which in turn drive demand for banking services. Moreover, currency exchange rates and interest rates influence borrowing and saving behaviors among customers, shaping the overall performance of the banking sector in the country.
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)