Market Insights Financial Banking Traditional Banks

Traditional Retail Banking - Poland

Poland

In Poland, the Traditional Retail Banking market market is anticipated to witness a significant rise in Net Interest Income, projected to reach US$5.39bn in 2024.
Furthermore, this sector is expected to exhibit a compound annual growth rate (CAGR 2024-2029) of 14.40%, leading to a market volume of US$10.56bn by 2029.
Comparatively, China is predicted to generate the highest Net Interest Income globally, with a staggering amount of US$2,426.0bn in 2024.
Poland's traditional retail banking sector is experiencing a shift towards digitalization, with a growing emphasis on online and mobile banking services.

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

In recent years, the Traditional Retail Banking market in Poland has witnessed significant transformations and developments.

Customer preferences: Customers in Poland are increasingly seeking personalized and convenient banking services, driving the demand for digital banking solutions and online transactions. The younger demographic, in particular, prefers mobile banking apps and online platforms for their banking needs, leading to a shift away from traditional brick-and-mortar branches.

Trends in the market: One prominent trend in the Traditional Retail Banking market in Poland is the growing competition from digital challenger banks and fintech companies. These new entrants offer innovative solutions, such as AI-driven financial advice and seamless digital experiences, challenging traditional banks to enhance their offerings to remain competitive.

Local special circumstances: Poland's banking sector is characterized by a strong regulatory environment that prioritizes consumer protection and financial stability. As a result, traditional banks in the country are required to comply with strict regulations, which can impact their operational costs and product offerings. Additionally, the Polish market is relatively fragmented, with a mix of domestic and foreign banks vying for market share.

Underlying macroeconomic factors: The macroeconomic landscape in Poland, including factors such as GDP growth, inflation rates, and interest rates, plays a crucial role in shaping the Traditional Retail Banking market. Economic stability and growth contribute to increased consumer confidence and spending, which can drive demand for banking products and services. Additionally, fluctuations in interest rates and regulatory changes can impact banks' profitability and lending practices 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.