Contacto
![Contacto Nerea Marcos](https://cdn.statcdn.com/contactPerson/3359.jpg)
Lu - vi, 9:30 - 17:00 h (CET)
![Contacto Meredith Alda](https://cdn.statcdn.com/contactPerson/3646.jpg)
Lu - vi, 9:00 - 18:00 h (EST)
![Contacto Yolanda Mega](https://cdn.statcdn.com/contactPerson/3195.jpg)
Lu - vi, 9:00 - 17:00 h (SGT)
![Contacto Kisara Mizuno](https://cdn.statcdn.com/contactPerson/2661.jpg)
Lu - vi, 10:00 - 18:00 h (JST)
![Contacto Lodovica Biagi](https://cdn.statcdn.com/contactPerson/863.jpg)
Lu - vi, 9:30 - 17:00 h (GMT)
![Contacto Carolina Dulin](https://cdn.statcdn.com/contactPerson/3012.jpg)
Lu - vi, 9:00am-6:00pm (EST)
Key regions: France, Brazil, Germany, United Kingdom, United States
The Traditional Retail Banking market in United Arab Emirates is witnessing significant developments and trends that are shaping the industry landscape.
Customer preferences: Customers in the UAE are increasingly seeking convenience and personalized services in their banking experience. This has led to a growing demand for digital banking solutions that offer seamless transactions and easy access to services. Additionally, customers are placing a higher emphasis on security and reliability when choosing their banking partners.
Trends in the market: One notable trend in the Traditional Retail Banking market in the UAE is the rapid adoption of digital banking channels. Banks are investing heavily in technology to enhance their digital offerings and provide customers with a more integrated and user-friendly experience. This shift towards digitalization is driven by the country's tech-savvy population and the government's push towards a digital economy. Another key trend is the increasing competition among traditional banks and digital-only banks. This competition is driving innovation in product offerings and services as banks strive to differentiate themselves in the market. As a result, customers are benefiting from a wider range of options and competitive pricing.
Local special circumstances: The UAE's unique demographic makeup, with a large expatriate population, presents special circumstances for the Traditional Retail Banking market. Banks in the UAE must cater to the diverse needs of both local citizens and expatriates, offering services that are tailored to different cultural and financial requirements. This diversity creates opportunities for banks to offer specialized products and services to different customer segments.
Underlying macroeconomic factors: The strong economic growth and stability in the UAE are contributing to the development of the Traditional Retail Banking market. As the economy continues to grow, the demand for banking services is expected to increase, driving further expansion and innovation in the market. Additionally, the government's focus on diversifying the economy and promoting financial inclusion is creating a favorable environment for the banking sector to thrive.
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)