Bulgarian Banks Aggressively Building Deposits, Flouting Economic MeltdownBy: Shushmul Maheshwari
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Bulgarian Banks Aggressively Building Deposits, Flouting Economic Meltdown
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RNCOS, a leading market research firm, said in its new report “Bulgaria Banking Sector Analysis”, with favorable consumer behavior and bankers’ aggressive campaigning to attract capital, deposits in Bulgarian banks will continue growing at accelerated pace in coming years.
Earlier, when access to credit in international markets was easy and cheap, Bulgarian banks had little incentive to go out of their way to pursue aggressive campaigns to build their deposit bases domestically. But as the unrelenting financial crisis continues to squeeze out available re-financing opportunities, lenders have increasingly started turning to customers to attract fresh capital from deposits, confirming what some bankers had forecasted at the start of 2008.
According to an analyst at RNCOS, “Banks are offering annual interest rates of over 9% on six-month deposits in Leva, rates that were unthinkable a year ago, and that started being offered on two- and three-year term deposits just few months back. Interest rates on deposits denominated in Euro are also reaching a record high, though around two percentage points lower on average than on deposits in Bulgarian currency.”
Also, despite of the financial crisis, bank deposits remain the preferred investment instrument for Bulgarians. Bank deposits accounted for 65.2% of the 33.5 Billion Leva in financial wealth accumulated by Bulgarians, rising by 28% over the previous 12 months (December 2007 to November 2008).
“Bulgaria Banking Sector Analysis” provides thorough information on the Bulgarian banking industry and evaluates product quality and the services it offers. It also helps clients to identify the opportunities vital for the success of the banking industry in the country. It substantiates the in-depth analysis with statistical information on the banking industry so that investors, financial service providers and global banking players to understand the market.
Beside this, the report also gives forecast on disposable income, number of bankable households, loans/deposits ratio, loans/assets ratio, consumer loans, commercial loans, housing mortgage loans, and agriculture loans extended by the banking industry.
For more information visit: http://www.rncos.com/Report/IM587.htm
Current Industry News: http://www.rncos.com/Blog/http://www.rncos.com/ |
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| Keywords |
Bulgaria Banking Sector Analysis, Bulgaria Banking Sector, Banking Industry in Bulgaria, Worldwide Banking Industry |
| Category |
Finance |
| Submission Date |
Mar 27, 2009 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Other links at Finance |
| 1. |
RNCOS Releases a Report- Indian Mutual Fund Industry
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RNCOS has added a Market Research Report titled, “Indian Mutual Fund Industry”, to its report gallery. The Indian mutual funds industry is witnessing a rapid growth as a result of infrastructural development, increase in personal financial assets, and rise in foreign participation. With the growing risk appetite, rising income, and increasing awareness, mutual funds in India are becoming a preferred investment option compared to other investment vehicles like Fixed Deposits (FDs) and postal savings that are considered safe but give comparatively low returns, according to “Indian Mutual Fund Industry”.
This report provides a detailed analysis along with current and future outlook of the Indian mutual fund industry and explores the market development and potential. The forecasts and estimations given in this report are not based on a complex economic model, but are intended as a rough guide to the direction in which the industry is likely to move.
Key Findings
- The Indian mutual funds retail market, growing at a CAGR of about 30%, is forecasted to reach US$ 300 Billion by 2015.
- Income and growth schemes made up for majority of Assets Under Management (AUM) in the country.
- At about 84% (as on March 31, 2008), private sector Asset Management Companies account for majority of mutual fund sales in India.
- Individual investors make up for 96.86% of the total number of investor accounts and contribute 36.9% of the net assets under management.
Key Issues & Facts Analyzed in the Report
- What are the key factors fueling growth into the Indian mutual fund market?
- Which are the fastest growing products?
- What are the key growth prospects?
- What are the key challenges for the market?
- How the market is likely to move in future?
Key Players
This section provides business analysis of key players in the Indian mutual fund market, including Reliance Capital, BOB and HDFC.
Research Methodology Used
Information Sources
Information for this report has been sourced from books, newspapers, trade journals, 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 used in this report include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.
For more information visit: http://rncos.com/Report/IM142.htm
Current Industry News: http://www.rncos.com/Blog/
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| 2. |
China Credit Card Market Outlook to 2013
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According to our report, China's credit card market has reported remarkable growth over the past few years, albeit growing from a small base. The country issued more than 50 Million credit cards during 2008, taking the total number of credit cards in circulation to over 150 Million. These numbers are projected to continue growing in the next few years, despite the current economic crisis, says “China Credit Card Market Outlook to 2013”, a new report from RNCOS.
Factors like rapidly growing middle class, government support and low penetration of credit cards in China are anticipated to drive the future numbers; however, the pace of growth may slow down. Foreign banks will seek to play a more important role in the competition in the domestic market over the forecast period. This is largely due to that the current industry structure is dominated by the state-owned banks such as Industrial and Commercial Bank of China (ICBC), China Merchants Bank and China Construction Bank.
“China Credit Card Market Outlook to 2013” provides extensive research and rationale analysis of the credit card industry in China. The report thoroughly examines the current industry trends which are adding to the growth of the Chinese credit card industry. Forecast in this research has been done considering the possible impact of recession on the industry. In this regard, the report will help clients to have proper insight of the current and future outlook of credit cards market in China.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM002.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 3. |
India’s New Pension System has Huge Potential
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With huge untapped potential and privatization of New Pension System (NPS), India’s NPS has the potential to reach Rs 12 Trillion in the 12th year of its launch, as per the findings of our new research report, “Indian Pension Fund Market Forecast to 2013”.
Our estimation shows that there are close to 80 Million Indian workers who have no social security and most of them can’t afford pension plans offered by the Indian life insurers, particularly private life insurers. The minimum premium ranges from INR15000 to INR18000 per annum. However, this premium is much lower (Rs 6000/annum) under the NPS. Thus, New Pension System is quite affordable and makes sense for a country like India, where income disparity is the major concern.
Of this 80 Million, around 16 Million workers are estimated to be “prime prospects”, which are likely to start saving immediately, said RNCOS report. Participation rate at this level would produce pension fund of Rs 12 Trillion under the NPS in the 12th year of its operation. If the latent demand for pensions from these groups were fully harnessed, Indian workers would contribute an estimated Rs 57,000 Crore to the NPS in the first full year of operation based on differential capacity to pay by different income group.
“Indian Pension Fund Market Forecast to 2013” is an extensive research report that comprises quality research and in-depth analysis on the pension market in India. It gives a broad overview of the emerging market trends, recent developments and their impact on the market. The report helps clients to identify the leading-edge opportunities, prospective customer base, key players, future outlook and all other factors which are critical for the success of a new entrant in the Indian pension market.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM016.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 4. |
RNCOS Releases a New Report- China Credit Card Market Outlook to 2013
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RNCOS has recently added a new Market Research Report titled, "China Credit Card Market Outlook to 2013 " to its report gallery. China's credit card market has reported remarkable growth over the past few years, albeit growing from a small base. The country issued more than 50 Million credit cards during 2008, taking the total number of credit cards in circulation to over 150 Million. These numbers are projected to continue growing in the next few years, despite the current economic crisis, says “China Credit Card Market Outlook to 2013”, a new report from RNCOS.
Factors like rapidly growing middle class, government support and low penetration of credit cards in China are anticipated to drive the future numbers; however, the pace of growth may slow down. Foreign banks will seek to play a more important role in the competition in the domestic market over the forecast period. This is largely due to that the current industry structure is dominated by the state-owned banks such as Industrial and Commercial Bank of China (ICBC), China Merchants Bank and China Construction Bank.
"China Credit Card Market Outlook to 2013 "provides extensive research and rationale analysis of the credit card industry in China. The report thoroughly examines the current industry trends which are adding to the growth of the Chinese credit card industry. Forecast in this research has been done considering the possible impact of recession on the industry. In this regard, the report will help clients to have proper insight of the current and future outlook of credit cards market in China.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM002.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 5. |
RNCOS Releases a New Report- South African Insurance Industry Forecast till 2012
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RNCOS has recently added a new Market Research Report titled, “South African Insurance Industry Forecast till 2012” to its report gallery. The market research report, “South African Insurance Industry Forecast till 2012”, by RNCOS provides extensive research and in-depth analysis of the insurance sector in South Africa. This report will help the client to evaluate the leading-edge opportunities critical to the success of the insurance industry in the country. Detailed analysis supplemented with data will help in examining the evolving South African insurance market.
The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers.
Following conversions have been used in the report at the exchange rate of given years:
1 ZAR = US$ 0.157603171 (As on December 31, 2005)
1 ZAR = US$ 0.1418701321 (As on December 31, 2006)
1 ZAR = US$ 0.157424855 (As on September 30, 2005)
Key Findings
- By net premium, the South African long-term and short-term insurance market is expected to grow at the CAGR of nearly 12% and 17% respectively for the period 2007-2012.
- South African reinsurance market is expected to grow at a CAGR of 12% during 2007-2012 attributed to increasing natural disasters like earthquakes, floods etc.
- Motor and property insurance accounted for over three-fourth of the total short-term insurance market by net premium.
- Homeowner and motor insurance is anticipated to emerge as big opportunity areas for the South African insurance market.
- Material non-disclosure and misrepresentation to continue to be responsible for the highest number of fraud cases.
Key Issues & Facts
- Which factors will lead to the growth of long-term and short-term insurance in South Africa?
- What are the emerging opportunities and challenges for the industry players?
- What are the most prospective areas for investment in the insurance sector in near future?
- What are the driving forces for the South African insurance industry?
- Who are the key players in the South African insurance market?
Key Players
This section talks about the key players operating in the South Africa insurance industry, including Santam Limited, Mutual & Federal Insurance Company Limited, Hollard Insurance and Guardrisk under Short-term Insurers. Old Mutual South Africa, Sanlam Limited and Liberty Group Limited under Long-term Insurers.
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 over 3000 paid databases.
Analysis Methods
The analysis methods include 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/IM580.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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