Market Insights Financial Banking Traditional Banks

Traditional Retail Banking - Netherlands

Netherlands

In the Netherlands, the Traditional Retail Banking market market is expected to witness a significant growth in Net Interest Income.
According to projections, the Net Interest Income is estimated to reach US$2.44bn by the year 2024.
Furthermore, it is anticipated that the market will experience a steady annual growth rate of -1.52% (CAGR 2024-2029), resulting in a market volume of US$2.26bn by 2029.
When comparing the global market, it is noteworthy that China is projected to generate the highest Net Interest Income.
In 2024, China is expected to reach a staggering US$2,426.0bn in Net Interest Income.
This highlights the dominant position of the United States in the global Traditional Retail Banking market sector.
The Netherlands is experiencing a rise in digital banking services, leading to a decline in foot traffic at traditional bank branches.

Key regions: France, Brazil, Germany, United Kingdom, United States

Definition:
Traditional retail banking refers to the financial services sector that provides a range of financial products and services to individual consumers through store-based branches and other traditional channels. These services include personal loans, savings and checking accounts, credit cards, mortgages, and other financial products designed specifically for individual consumers.
Traditional retail banks have a long history of serving customers and have established relationships and a deep understanding of the financial needs of their communities. They offer a wide range of services and are able to provide personalized advice and support to their customers.
Despite facing increased competition and changing customer preferences, traditional retail banks continue to play a vital role in the financial landscape. They are continually seeking ways to improve their offerings and remain competitive by leveraging technology and offering innovative financial products and services.
Overall, traditional retail banking provides a wide range of financial services to individual consumers through established, trusted channels and continues to be an important part of the financial landscape.

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., Bank of America Corp., and BNP Paribas.

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Analyst Opinion

The Traditional Retail Banking market in Netherlands continues to evolve as customer preferences and market trends shape the industry.

Customer preferences: Customers in the Netherlands are increasingly seeking personalized and convenient banking services. They value digital banking solutions that offer ease of access and efficiency in managing their finances. Additionally, there is a growing demand for sustainable banking practices, with customers showing interest in environmentally friendly initiatives and ethical banking options.

Trends in the market: One prominent trend in the Traditional Retail Banking market in Netherlands is the shift towards digital banking channels. Banks are investing in technology to enhance their online and mobile banking platforms, providing customers with a seamless digital experience. Another key trend is the rise of open banking, which is fostering collaboration between traditional banks and fintech companies to offer innovative products and services to customers.

Local special circumstances: The Netherlands has a highly competitive banking sector with a strong emphasis on customer service and innovation. Traditional banks in the country are facing increasing competition from digital-only banks and fintech startups, prompting them to adapt their strategies to stay relevant in the market. Moreover, the Dutch regulatory environment plays a significant role in shaping the banking landscape, with regulations promoting transparency and consumer protection.

Underlying macroeconomic factors: The macroeconomic environment in the Netherlands, including factors such as economic growth, interest rates, and inflation, influences the Traditional Retail Banking market. Economic stability and growth can drive demand for banking products and services, while fluctuations in interest rates impact lending and deposit activities. Moreover, demographic shifts and changing consumer behaviors also play a role in shaping the market dynamics in the country.

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.