Bulgaria Banking Sector AnalysisBy: Shushmul Maheshwari
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Bulgaria Banking Sector Analysis
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The market research report, “Bulgaria Banking Sector Analysis”, is an analytical study of the thriving banking industry of the southeastern European country, Bulgaria, by RNCOS. It evaluates the product quality and the services provided by the Bulgarian banking industry. This report helps clients to dissect the leading-edge opportunities critical to the success of the banking industry in the country and detailed data supported with analysis helps investors, financial service providers, and global banking players to navigate through it.
Market Analysis
The demand for banking services has grown as confidence in the sector has gradually returned and incomes increased since 1997. Total assets of the commercial banks rose by 45% in local currency terms in 2005 and are estimated to have grown by around 23% in 2006. Banks have increased their lending, particularly to households, and have shifted away from their previous pattern of holding large deposits overseas. With the government running a budget surplus since 2003, lending to the private sector has been growing more quickly than total lending. After these increases, loans to the non-financial sector accounted for 66% of deposits in September 2006.
The Bulgarian economy is still mainly cash-oriented, but the use of debit cards is increasing. Credit cards are still not often used in the country, but the expansion of e-commerce and international travel is boosting the demand for this service in the country. Moreover, the creation of a centralized credit-reporting agency in 2004 will make it easier for the banks to offer credit cards to their customers.
Key Findings
- Bulgaria is one of the fastest growing countries in Eastern Europe by assets, loans, deposits and profitability of the sector.
- Housing mortgage loans is one of the hottest markets for the Bulgarian banking industry and is forecasted to grow at a CAGR of nearly 88% for the period spanning from 2007 to 2010.
- The credit card market in Bulgaria is all set to take off in a big way as it has a significant potential for expansion because only 3% of payment transactions are made by credit card.
- Point of Sale (POS) Terminals are growing more rapidly as compared to ATMs in Bulgaria.
- Among the deposits category, time deposits are anticipated to take lead over other kind of deposits from 2007 to 2010.
Key Issues & Facts
- Why Bulgaria is an attractive banking market?
- How competitive is the Bulgarian banking industry?
- What is hottest market for bank loans?
- What kinds of deposits are set to boom?
- What are the various opportunities and challenges for the industry?
- What are the prospective areas of investment for the banks in near future?
- Which factors will lead to the growth of payment cards, loans and deposits in Bulgaria?
Key Players
This section provides business overview and key financials of top players operating in the Bulgarian banking industry, including DSK Bank, Bulbank, United Bulgarian Bank (UBB), Raiffeisenbank and First Investment Bank.
Research Methodology Used
Information Sources
Information has been sourced from various authentic sources like books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.
Analysis Methods
The in-depth analysis of the report has been done by using several methods, like ratio analysis, historical trend analysis, and linear regression analysis using software tools, judgmental forecasting and cause and effect analysis.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM587.htm
Check DISCOUNTED REPORTS on: http://www.rncos.comhttp://www.rncos.com/ |
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| Keywords |
Bulgaria Banking Sector Analysis, Bulgaria Banking Sector, Banking Industry in Bulgaria |
| Category |
Business |
| Submission Date |
Feb 26, 2010 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Other links at Business |
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RNCOS Releases a New Report - Global Convenience Store Market Analysis
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RNCOS has recently added a new Market Research Report titled, “Global Convenience Store Market Analysis” to its report gallery. Rapid economic development, along with booming retail industry, has been propelling the growth of convenience store (c-store) industry across the world. The global c-store industry has shown tremendous growth over the past few years, particularly in the emerging economies of Asia. Although the global financial crisis has hampered the overall economic growth, the Asian convenience store industry has shown remarkable resilience against the crisis. Increasing consumer appetite for convenient shopping and rising sales of low-price non-traditional products has given strong impetus to the development of the industry.
According to our report “Global Convenience Store Market Analysis”, the growth of c-stores in the mature markets is slow due to the global slowdown. The countries like US, UK and Japan are forecasted to show positive growth in the c-store sales. In fact, in the US, the sales are expected to grow at a CAGR of over 7% in the post-recession period (during 2010-2012).
Talking of the European region, here the growth has largely been driven by the growth in the UK c-store industry, which continued to post positive results despite the slowdown. In coming times, with the growth in the number of vehicle owners due to the economic recovery, the number of people visiting service stations is also expected to increase. As a result, the probability of people visiting the c-stores situated at the service stations will also increase, which, in turn, will drive the c-store sales.
On the other hand, although there is immense potential for growth in the emerging economies (The Asian countries), the industry is still at a nascent stage. Some countries such as China, Indonesia, Taiwan and Japan have witnessed rapid growth in the opening of c-stores as well as in revenue generation. In China, the growth in retail sales at c-stores is expected to register over 21% during 2010-2012. The penetration of the convenience stores in Asia is quite low with respect to other western and European countries. Thus, an almost untapped market coupled with vast consumer base provides a highly lucrative marketplace for existing as well as new market players to gain early advantages.
The report provides extensive analysis on the booming c-store market. It provides an insight into the c-store industry across Asia, Europe and North America, and gives a brief overview of the consumer behavior in these regions. The report helps the clients analyze the trends prevailing in c-store retailing across the world and identify the key emerging markets. Future growth areas and challenges for the industry mentioned in the research help the clients to align their business strategies as per the changing market dynamics.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM119.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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Up to 50% off on Report - Global Convenience Store Market Analysis
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RNCOS is offering up to 50% discount on Market Research Report titled, "Global Convenience Store Market Analysis". Rapid economic development, along with booming retail industry, has been propelling the growth of convenience store (c-store) industry across the world. The global c-store industry has shown tremendous growth over the past few years, particularly in the emerging economies of Asia. Moreover, the increasing share of modern retail outlets and emerging trends in organized retailing are anticipated to drive the industry further in near future, as per "Global Convenience Store Market Analysis", a research report by RNCOS.
The report provides extensive analysis on the booming c-store market. It provides an insight into the c-store industry across Asia, Europe and North America, and gives a brief overview on the consumer behavior. The report helps the client analyze the trends in c-store retailing across the world and identify the key emerging markets. Future growth areas and challenges for the industry mentioned in the research help the client to align their business strategies as per the changing market dynamics.
Key Findings
- Increasing trend of organized retailing will drive the growth of c-store industry in the world. By 2011, modern retail trade is expected to account for more than 55% share in overall retail industry Asia alone.
- The c-store industry has reached the mature stage in most of the developed countries of Europe and North America.
- Asia remains the fastest growing c-store market in the world as the major Asian retail markets registered explosive growth in opening up of new convenience store.
- Changing consumer preferences, lifestyle and rising income level, which is heavily influenced by economic growth, remains the major driving force for c-store industry in the Asian region.
- China remains the largest market for c-store industry after Japan in Asia. China recorded a CAGR increase of 15.28% in the number of c-stores during 2004-2006.
Key Issues Analyzed
- Overview on different retail formats (traditional and modern).
- Market size of the c-store industry with regional segregation.
- Country-wise analysis of the c-store industry.
- Study of consumer behavior in different countries.
- Analysis of the factors responsible for the growth of c-store industry.
- Challenges for the c-store industry.
Research Methodology Used
Information Sources
Information has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Methods
The analysis methods include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM119.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
UP TO 50% OFF ON THIS REPORT TILL May 31, 2009
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