Market Insights Financial Banking Traditional Banks

Traditional Commercial Banking - Greece

Greece

In Greece, the Traditional Commercial Banking market market is anticipated to witness a significant increase in Net Interest Income, with projections indicating that it will reach US$1.59bn by 2024.
Furthermore, it is expected that there will be a steady annual growth rate of 0.00% (CAGR 2024-2029), ultimately leading to a market volume of US$1.59bn by 2029.
When considering the global landscape, it is worth noting that in China is projected to generate the highest Net Interest Income, amounting to US$1,444.0bn in 2024.
Despite the economic challenges Greece has faced in recent years, the traditional commercial banking sector remains a critical pillar of stability and support for the country's financial system.

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 Greece has been experiencing notable developments in recent years.

Customer preferences: Customers in the Traditional Commercial Banking market in Greece are increasingly leaning towards digital banking solutions, driven by convenience and accessibility. This shift in preference is in line with global trends where customers are seeking seamless online banking experiences.

Trends in the market: One of the key trends in the Traditional Commercial Banking market in Greece is the consolidation of smaller banks to improve efficiency and competitiveness. This trend is a response to the challenging economic environment in the country and is aimed at creating stronger players in the market. Additionally, there is a growing focus on sustainable banking practices, with banks in Greece aligning their strategies with environmental and social goals.

Local special circumstances: Greece's banking sector has been significantly impacted by the country's economic challenges, including high levels of non-performing loans and strict capital controls in the past. These circumstances have forced banks to adapt their business models and operations to navigate through the crisis and rebuild trust with customers. As a result, there is a renewed emphasis on transparency and risk management in the Traditional Commercial Banking market in Greece.

Underlying macroeconomic factors: The Traditional Commercial Banking market in Greece is influenced by various macroeconomic factors, including the country's GDP growth, inflation rates, and unemployment levels. The stability of the banking sector is closely tied to the overall economic performance of Greece, making it essential for banks to closely monitor and respond to macroeconomic indicators. Additionally, regulatory changes and policies from the European Central Bank also play a significant role in shaping the operating environment for banks in Greece.

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.