Market Insights Financial Banking Traditional Banks

Traditional Commercial Banking - Qatar

Qatar

In Qatar, the Traditional Commercial Banking market market is expected to witness a significant growth in its Net Interest Income.
By the year 2024, the projected Net Interest Income is estimated to reach US$10.26bn.
This growth is further expected to continue with an annual growth rate of 6.92% (CAGR 2024-2028).
As a result, the market volume is projected to reach US$13.41bn by the year 2028.
When compared to other countries in the global market, in China is anticipated to generate the highest Net Interest Income.
In 2024, in China is projected to reach a staggering US$1,749.0bn in Net Interest Income.
Qatar's traditional commercial banking sector is experiencing a shift towards digitalization to cater to the tech-savvy population.

Key regions: Brazil, China, South Korea, Japan, 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 Qatar is experiencing notable developments and trends that are shaping the industry in the region.

Customer preferences: Customers in the Traditional Commercial Banking market in Qatar are showing a growing interest in digital banking services, aiming for convenience, efficiency, and accessibility. The shift towards online banking platforms and mobile applications is driven by the need for 24/7 banking services and personalized experiences.

Trends in the market: One of the prominent trends in the Traditional Commercial Banking market in Qatar is the increasing focus on Islamic banking products and services. As an Islamic finance hub, Qatar is witnessing a rise in demand for Sharia-compliant banking solutions, attracting both local and international customers seeking ethical and interest-free banking options. Moreover, there is a noticeable trend towards sustainable and socially responsible banking practices, aligning with Qatar's commitment to environmental and social initiatives.

Local special circumstances: Qatar's strategic positioning as a financial center in the Middle East contributes to the unique dynamics of its Traditional Commercial Banking market. The country's stable economy, coupled with a supportive regulatory environment, fosters growth and innovation within the banking sector. Additionally, the government's initiatives to diversify the economy and promote entrepreneurship are creating opportunities for banks to tailor their products and services to meet the evolving needs of businesses and consumers.

Underlying macroeconomic factors: The Traditional Commercial Banking market in Qatar is influenced by various macroeconomic factors, including the country's GDP growth, inflation rates, and government spending. Qatar's robust economic performance and investments in infrastructure projects play a significant role in driving the demand for banking services. Moreover, the stability of the Qatari Riyal and the government's efforts to enhance financial inclusion contribute to a favorable environment for the banking sector to thrive and expand its offerings.

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.