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Lu - vi, 9:00 - 18:00 h (EST)
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Lu - vi, 9:00 - 17:00 h (SGT)
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Lu - vi, 10:00 - 18:00 h (JST)
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Lu - vi, 9:30 - 17:00 h (GMT)
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Lu - vi, 9:00am-6:00pm (EST)
The Traditional Commercial Banking market in United Arab Emirates is experiencing significant growth and development, driven by various factors influencing customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.
Customer preferences: Customers in the UAE are increasingly valuing personalized services, innovative digital banking solutions, and convenient access to banking services. The demand for tailored financial products, efficient customer service, and seamless digital banking experiences is shaping the landscape of traditional commercial banking in the country.
Trends in the market: One prominent trend in the UAE's Traditional Commercial Banking market is the rapid digital transformation taking place within the sector. Banks are investing heavily in digital technologies to enhance customer experience, improve operational efficiency, and stay competitive in the market. Additionally, there is a growing trend towards sustainable and socially responsible banking practices, with customers showing interest in banks that prioritize environmental and social initiatives.
Local special circumstances: The UAE's position as a global financial hub, with a diverse population and a high concentration of expatriates, presents unique opportunities and challenges for traditional commercial banks. The presence of multinational corporations, government entities, and high-net-worth individuals in the country influences the demand for specialized banking services and wealth management solutions.
Underlying macroeconomic factors: The macroeconomic stability, government initiatives to promote economic diversification, and the country's strategic location as a gateway between East and West are key factors driving the growth of the Traditional Commercial Banking market in the UAE. Additionally, the low interest rate environment and regulatory reforms aimed at enhancing transparency and governance in the banking sector are impacting the overall dynamics of the market.
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.Lu - vi, 9:30 - 17:00 h (CET)
Lu - vi, 9:00 - 18:00 h (EST)
Lu - vi, 9:00 - 17:00 h (SGT)
Lu - vi, 10:00 - 18:00 h (JST)
Lu - vi, 9:30 - 17:00 h (GMT)
Lu - vi, 9:00am-6:00pm (EST)