Global Commercial Banking Market 2024-2030

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    COMMERCIAL BANKING MARKET

    INTRODUCTION TO COMMERCIAL BANKING MARKET

    Commercial banks are profit seeking organizations that do business to earn profit. It offers a wide variety of products and services with discounts such as checking, saving accounts, mortgage, payment & transaction processing fees, and low interest rates on real estate loans.

     

    Commercial banks play a pivotal role in growing and supporting the economy. In the coming years, the increase in demand for banking in rural areas of developing countries would present enormous business opportunities.

     

    The industry has swung back and forth over the years, concentrating on so-called core offerings to create loyalty and brand equity with particular customer groups on the one hand, and expanding into new markets to woo a larger slice of the customer’s wallet on the other.

     

    Challenger banks (branchless, digital banks), fintech companies, and other non-financial services firms have started to provide financial services to customers, enterprises, and other organizations that were previously only available via conventional banks in recent years. Thus, the traditional banks are facing tough competition.

     

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    Many commercial banks have recognized that it is time to invest in more cutting-edge digital solutions. Since modern clients demand simplicity, dependability, and data-driven insights, every bank must now have a leading digital ecosystem.

     

    Retail banks have been swift to cooperate with Fintech, but commercial banks, which have more functional business relationships, have not shown the same urgency. COVID-19 showed that surviving through turbulence is possible when ecosystem players collaborate.

     

    The major players of this market are Industrial & Commercial Bank of China, China Construction Bank Corp. JP Morgan, Wells Fargo, Bank of America, HSBC Holdings.

     

    COMMERCIAL BANKING MARKET DYNAMICS

    The growth of small and medium businesses, the rise in internet users, technological advances, population growth, and increasing disposable income are all positive factors influencing the global commercial banking market.

     

    Traditional financial services lenders have underserved small businesses due to strict regulations and low margins, but FinTechs have found ways to profitably support even the smallest businesses. BigTechs like Amazon, Alibaba, and Google use technology to provide business loans, posing a threat to the conventional lending system, forcing banks to adapt.

     

    Small and medium-sized businesses (SMEs) account for roughly 90% of all businesses globally, and banks play an important role in their expansion by providing a variety of financial and lending services. To stay stable and relevant, banks are addressing clients’ operational and economic needs to offset pandemic business aftershocks as FinTechs gain a COVID-19 speed pass into the SME segment.

     

    For example, in Australia, banks have also announced credit-easing measures for small businesses that extend repayments for six months. Commercial banks are experimenting with fully digital account opening and client onboarding as demand for digital solutions grows.

     

    The Royal Bank of Canada implemented an improved digital deposit account-opening process for its business customers, which reduced administrative work and enabled them to concentrate on increasing their businesses.

     

    Metro Bank, based in the United Kingdom, is bringing a digital receipts ecosystem from Sensibill, based in Toronto, to its small business clients. The automated app keeps track of transaction receipts and efficiently handles client expenditures and taxes.

     

    As the pandemic challenged commercial banks’ business resilience, it revealed intelligent business processes that will continue to be important even after the crisis has passed.

     

    Although two-thirds of the banking brands in the ranking have lost value, Chinese lenders have seen a healthy 3% rise in brand value. This is due to the banking sector’s position in China’s timely and successful response to Covid-19, which included regulatory policy changes for asset management, wealth management, and internet banking, as well as increased digitization investment.

     

    COMMERCIAL BANKING MARKET COMPETITIVE LANDSCAPE

    ICBC (Industrial and Commercial Bank of China): It is one of China’s Top Four state-owned commercial banks. Businesses, government agencies, and financial institutions may use its services for corporate loans, trade financing, and asset management.

     

    Personal banking is also available. Individuals can get loans, credit cards, and debit cards from it, as well as deposits and personal wealth management. Despite a 10 per cent drop in brand value to $72.8 billion, ICBC remains the world’s most valuable banking brand, followed by China Construction Bank.

    Total assets $4.32 trillion

     

    China Construction Bank Corp: With hundreds of millions of clients, it offers corporate and personal services such as wealth management, lending, life insurance, investment banking, and pension plans. Large state-owned companies in the infrastructure sector are among its most important clients. It has operations in more than 30 countries and territories, including the US.

    Total assets $3.65 trillion

     

    HSBC Holdings: HSBC is one of the world’s largest multinational banks, with operations in 64 countries and territories and a customer base of approximately 40 million.

     

    Private, commercial, corporate, and retail banking are all available, as well as wealth management services. Corporations, states, and institutions will all benefit from its financial services and goods.

     

    Total assets: $2.71 trillion

    HSBC unveiled a strategic shift, ‘heart of business’ to Asia and retreat from the west, pledging to invest $6bn to expand in Hong Kong, China and Singapore, as almost all its pre-tax profit came from Asia in 2020.

     

    It would sell its US retail arm as they don’t believe they have a strong competitive position in the US retail business [and] Covid and low interest rates have made the challenge even greater and also soon exit its French consumer bank. It will shift $100bn of capital to Asia, cut 35,000 jobs in Europe and the US, and boost plans to become a market leader in wealth management in Asia.

     

    The bank will restart paying a dividend of $0.15 a share after a Bank of England ban on shareholder payouts was partially lifted late last year. However, reflecting the uncertain outlook, HSBC lowered its profitability target from 10 to 12 per cent return on equity to 10 per cent “over the medium term”.

     

    JP Morgan Chase: JPMorgan Chase is a global leader in investment banking, commercial banking, it provides credit and financing, treasury and payment services, international banking and real estate services to clients—including corporations, municipalities, institutions, real estate investors and owners, and not-for-profit organizations.

     

    The company launched innovative products like Chase connect, Chase Cashflow360, multiple payment solutions, merchant services, etc to help the start-ups.

    Total assets: $2.68 trillion

     

    Bank of America: BOA represents nearly 66 million customers and small businesses. In approximately 35 countries, Bank of America provides banking and financial services such as wealth management, corporate and investment banking to companies, governments, institutions, and individuals.

     

    Bank of America’s personal approach with small-business customers, combined with a digital platform it’s been shaping in recent years, helped support delivery throughout PPP. (Paycheck Protection Program). It also fueled increased digital adoption among Bank of America clients.

     

    To help business owners manage their cash flow needs, the bank last year launched Business Advantage 360, a business banking product suite that includes Cash Flow Monitor, a digital financial dashboard available through desktop and mobile interfaces that offers real-time cash flow updates and projections.

     

    Bank of America’s client-focused approach, supported by its digital infrastructure, allowed it to focus on pain points for businesses that experienced challenges last year.

    Total assets: $2.43 trillion

     

    SBI:

    It is all set to conduct a mega e-auction of properties. The properties offered by the SBI e-auction will include all kinds of properties like housing, residential, commercial, industrial, etc. The bank aims to auction mortgaged properties of defaulters in order to recover the dues.

     

    Total assets: US$590 billion

    ICICI Bank:

    ICICI bank focusing on a comprehensive digital ecosystem and a hyper personalized solution for customers. Their recent initiatives include BizPay360 – a smart bulk payment solution on corporate internet banking, Infinite India- Online platform for foreign companies setting up operations in India.

    Total assets US$190 billion

     

     

    NEWS

    Commercial Bank becomes Qatar’s first Bank to launch UPI remittance service to India.Commercial Bank, Qatar’s digital bank, announced the introduction of UPI remittance service to India, making it the first bank in Qatar to do so.

     

    Customers can utilise UPI-ID to begin UPI payments using Commercial Banking digital channels. The transactions may be completed in 60 seconds and are available 24 hours a day, seven days a week.

     

    The new UPI remittance service is becoming live for India. This is a huge advancement in the efforts to improve the customer experience and give the customers more practical, safe, and easily available financial services.

     

    UPI is a cutting-edge payment system that supports the goal of providing  clients with seamless financial services, and we are convinced that these services will help us fulfil  customers’ changing demands in the quick-paced digital world.

     

    Customers can use UPI (Unified Payment Interface), a quick and easy payment method, to transfer money in real time across bank accounts. A beneficiary may be created using UPI-ID, which does not require IFSC codes or bank account information.

     

    Customers can utilise the digital platforms of Commercial Banking to make UPI payments by utilising UPI-ID.By accessing the relevant Indian Bank Digital Platforms and doing the necessary steps, the beneficiary may quickly create a UPI-ID.

     

    COMMERCIAL BANKING MARKET COMPANIES PROFILED

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS OF COMMERCIAL BANKING MARKET

    1. How many Commercial Banking  are manufactured per annum in Global ? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Automotive PremiumTires  and key vendor selection criteria
    3. Where is Commercial Banking  manufactured? What is the average margin per unit?
    4. Market share of Commercial Banking  manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Commercial Banking   in-house
    6. key predictions for next 5 years in Commercial Banking  
    7. Average B-2-Bl Commercial Banking  price in all segments
    8. Latest trends in Commercial Banking , by every market segment
    9. The market size (both volume and value) of the Commercial Banking   market in 2024-2030 and every year in between?
    10. Production Commercial Banking , by suppliers and their OEM relationship                  

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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