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Key regions: France, Brazil, Germany, United Kingdom, United States
Amidst the evolving landscape of Central & Western Europe, the Traditional Retail Banking market is experiencing significant shifts and developments.
Customer preferences: Customers in Central & Western Europe are increasingly seeking convenience and efficiency in their banking services. This has led to a growing demand for digital banking solutions and online services that offer seamless transactions and easy access to account information.
Trends in the market: In countries like Germany and France, there is a noticeable trend towards branch consolidation and digital transformation within traditional retail banks. This shift is driven by the need to reduce operational costs and adapt to changing consumer behaviors. Additionally, there is a growing emphasis on personalized banking experiences and tailored financial products to cater to diverse customer needs.
Local special circumstances: In Italy and Spain, where traditional values and personal relationships hold significant importance, traditional retail banks are focusing on maintaining a balance between digital innovation and personalized customer service. This unique approach allows banks to leverage technology while preserving the human touch that customers value.
Underlying macroeconomic factors: The economic stability and regulatory environment in Central & Western Europe play a crucial role in shaping the traditional retail banking market. With low interest rates and increasing competition from non-traditional players, banks are under pressure to innovate and differentiate their offerings to stay competitive. Additionally, regulatory changes such as PSD2 have opened up opportunities for collaboration and partnerships within the industry.
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)