Market Insights Financial Banking Traditional Banks

Traditional Retail Banking - Switzerland

Switzerland

In Switzerland, the Traditional Retail Banking market market is expected to witness a significant growth in Net Interest Income.
By 2024, it is projected to reach a substantial amount of €15.61bn.
This growth is indicative of the country's robust banking industry and its ability to attract and retain customers.
Looking ahead, the Net Interest Income in the Traditional Retail Banking market market is anticipated to continue its upward trajectory.
With an expected annual growth rate of 3.73% between 2024 and 2029, the market volume is projected to reach €18.75bn by the end of 2029.
This steady growth showcases Switzerland's strong position in the global banking sector.
When comparing global figures, it is worth noting that China leads the pack in terms of Net Interest Income generation.
In 2024, China is estimated to generate a staggering €2,249.0bn.
This highlights the dominance of the US banking market and its significant contribution to the global financial landscape.
Switzerland's traditional retail banking market remains strong due to its reputation for stability, privacy, and high-quality customer service.

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

Switzerland, known for its strong banking sector, has a Traditional Retail Banking market that is evolving in response to changing customer preferences and local special circumstances.

Customer preferences: Customers in Switzerland are increasingly seeking personalized and convenient banking services. They value a high level of customer service and are willing to pay for premium services that cater to their individual needs. With the rise of digitalization, customers are also looking for seamless online and mobile banking experiences that offer flexibility and accessibility.

Trends in the market: One notable trend in the Traditional Retail Banking market in Switzerland is the growing popularity of digital banking solutions. As customers become more tech-savvy and comfortable with online transactions, traditional banks are investing in digital platforms to meet the changing demands of their customer base. This trend is driving innovation in the sector, with banks offering a wide range of digital services such as mobile banking apps, online account management, and virtual financial advisors.

Local special circumstances: Switzerland's status as a global financial hub plays a significant role in shaping the Traditional Retail Banking market. The country's stable economy and reputation for financial security attract both domestic and international customers looking for reliable banking services. Moreover, Switzerland's strict regulations and emphasis on data privacy and security contribute to the trust that customers place in traditional banks operating in the country.

Underlying macroeconomic factors: The strong macroeconomic environment in Switzerland, characterized by low unemployment rates and high per capita income, provides a solid foundation for the growth of the Traditional Retail Banking market. As the economy continues to perform well, with steady GDP growth and low inflation, consumers have the confidence to invest in banking products and services. Additionally, Switzerland's position as a safe haven for wealth preservation attracts affluent clients who require sophisticated banking solutions, further driving the development of the Traditional Retail Banking market in the country.

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.