Ukraine Banks Extending Credit to Corporate, RNCOS Predicts High GrowthBy: Shushmul Maheshwari
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Ukraine Banks Extending Credit to Corporate, RNCOS Predicts High Growth
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Our new research report, “Booming Ukraine Banking Sector”, says that bank loans in the Ukraine banking industry are projected to grow at a CAGR of nearly 66% in terms of national currency during 2008-2012. Both short and log-term lending will witness robust growth during the forecasted period.
High growth prospects of lending in the country are attributed to strong growth in consumer credit (rising from low base), including mortgages and car loans, and better lending possibilities in the corporate sector due to improving finances of enterprises.
As per the report, corporate loans make up for more than two-third of the overall bank loans whereas corporate deposits represent nearly half of the share in the Ukraine banking industry. Both the segments are expected to drive the industry in future, with rising demand for corporate banking services stemming from huge investment across all the industries in the country.
The demand for corporate loans surged tremendously at a CAGR of around 54.35% from 2004 to 2007, and is expected to sustain the same growth rate during the forecasted period. In addition, economic entities are boosting the demand for loans to expand their business activities.
Apart from this, lending by the commercial banks in Ukraine will get support of strong growth in medium-term domestic deposits and growing borrowing abroad by the banks. However, despite several years of robust expansion, the lending in the country is still lower than more developed transition economies in Central Europe.
Our new market research report, “Booming Ukraine Banking Sector”, is a comprehensive and analytical study of the thriving banking industry of the Southeastern European country. It thoroughly analyzes the basket of products and services offered by the industry. It also helps clients to understand the leading-edge opportunities critical to the success of the banking industry as well as helps investors, financial service providers and global banking players to navigate through the market.
The report also provides forecast on personal disposable income, banking industry assets, deposits with banking industry, banking industry loans, internet penetration, and the number of ATMs & payment terminals.
For more information visit: http://www.rncos.com/Report/IM122.htm
Current Industry News: http://www.rncos.com/Blog/http://www.rncos.com/ |
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| Keywords |
Booming Ukraine Banking Sector, Ukraine Banking Sector, Booming Ukraine Banking Industry, Ukraine Banking Industry, Future of Ukraine Banking |
| Category |
Finance |
| Submission Date |
Dec 2, 2008 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Other links at Finance |
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RNCOS Releases a New Report- Booming China Insurance Sector
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RNCOS has recently added a new Market Research Report titled, “Booming China Insurance Sector” to its report gallery. China is one of the largest untapped and fastest growing insurance markets in the world. With rapid economic development and a burgeoning consumer class, China has the potential to become one of the most significant insurance markets in the world. Driven by a variety of demographic, economic and regulatory factors, this growth should continue at a solid pace in the foreseeable future, says our recent research report.
Exploring the market development and potential, this research report offers objective analysis on China’s insurance industry. The forecasts and estimations given in this report are not based on a complex economic model, but are intended as a guide to the direction in which the market is likely to move in future. This report therefore serves to provide foreign investors with an in-depth understanding of China’s insurance market.
Key findings of the report are:
- Personal insurance premium income is forecasted to grow at a CAGR of about 24% during our forecast period spanning from 2008 to 2012.
- Life insurance premium income is expected to rise to about RMB 1384 Billion by the end of 2012, growing at CAGR of about 25.5%.
- Growing role of bancassurance and investment-linked insurance products will decide the future of life insurance industry in the country.
- Property insurance premium income is forecasted to grow at CAGR of about 21% during 2008-2012.
- Booming China’s automobile (including two- and three-wheelers) industry will continue driving country’s property insurance market during the forecast period.
Report features:
- Detailed analysis on the current status of insurance market in China.
- Overview on the fastest growing products.
- Future outlook of the Chinese insurance market.
- Growth prospects and major roadblocks in the market.
Major players discussed in the report are:
This section provides an insight on key players in the insurance market of China. These include China Life Insurance Company Limited, PICC Property & Casualty Ltd, Ping An Group and China Pacific Insurance (Group) Co. Ltd.
Information in the 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 over 3000 paid databases.
Research methodology used in the report is:
RNCOS industry forecast and analysis is based on various macro- and microeconomic factors, sector and industry specific databases, and our in-house statistical and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis.
Our industry experts study the relationship between various industry and economic variables to ensure the required accuracy and desired check on the quality of data and information given in the report.
For more information visit: http://www.rncos.com/Report/IM165.htm
Current Industry News: http://www.rncos.com/Blog/
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Low Penetration to Drive Chinese Credit Card Market
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Chinese credit card market has grown at a rapid pace over the past few years on account of robust economic growth, rising income levels, growing middle class population and most importantly government initiatives. The total number of credit cards in circulation climbed to an estimated 150 Million by the end of 2008. Considering the current market turmoil, the credit card market in China is projected to grow at a CAGR of more than 28% by 2013, according to our new research report, “China Credit Card Market Outlook to 2013”.
However, the projected growth is almost half to the growth of more than 50% recorded during 2008 due to tight financial policies and job cuts. Despite this, low credit card penetration in China will be the major factor for future growth in credit cards, says the report. With over 1.3 Billion population base, credit card penetration stood at just over 11% at the end of 2008. In contrast, debit card penetration was clocked at over 100% with one people estimated to have more than one debit card. Huge gap between debit card and credit card penetration represents tremendous growth potential in the Chinese credit card market.
If we look at the credit card penetration at geographical level, most of the credit card usage is concentrated to the big cities like Shanghai and Beijing having majority of urban population. Semi-urban and rural areas still remain untapped, implying that the country offers immense opportunities to credit card players to exploit the untapped areas.
“China Credit Card Market Outlook to 2013” provides extensive research and rationale analysis on the credit card industry in China. The report thoroughly studies the current industry trends to facilitate clients to evaluate growth opportunities in credit card industry. Forecast in this research has been made 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 the 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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RNCOS Releases a New Report- South Korean Payment Card Market
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RNCOS has recently added a new Market Research Report titled, “South Korean Payment Card Market” to its report gallery. With the rising popularity of electronic banking and stupendous growth in information and technology, the number of payment cards (debit, credit, check and prepaid cards) has surged in South Korea. Per capita payment card issuance in the country has reached the second highest level in the world after the US. Each person in South Korea has on an average 3.8 cards, trailing only the US with 5.3 cards, says the new research.
Despite a deep economic slump, the uses of bank cards are expected to grow at rapid pace owing to the enhancement of various benefits and expansion of scope available for settlements. Among all cards, the uses of check cards are expected to record the sharpest increase at a CAGR of over 36% during 2009-2013. On the other hand, debit cards are expected to show downtrend during the period. With no risk involved, prepaid cards are also anticipated to show significant growth in future.
Our report provides extensive research and in-depth analysis on the South Korean Payment Card Market. It focuses on the emerging market trends, recent developments and their impact on the market. The report will help clients to analyze the leading-edge opportunities, prospective customer base, key players, future outlook and all other factors which are critical to the success of a new entrant in the South Korean Payment Card Market. It also answers other critical questions like what are other payment instruments beside cards and what is share of cards in overall payment settlement market.
Our research provides forecast (2009-2013) on
- Check Cards
- Credit Cards
- Prepaid Cards
- Debit Cards
The forecast given in the 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. The forecast is based on a correlation between past market growth and growth of base drivers.
The report also throws a light on the competitive landscape of the South Korean Payment card industry, giving business overview of several prominent players in the industry, including Samsung Card Co. Ltd., Shinhan Card Co. Ltd., LG Card Co. Ltd. and Lotte Card Co. Ltd.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM190.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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Philippines Leading Emerging Nations in Introducing Mobile Banking
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Rising mobile penetration in the Philippines will expand the mobile banking user base to beyond 11 Million by the end of 2011, according to a new research report, “Philippines Banking Sector Analysis”, from RNCOS.
The green signal from the Philippines government to telecom operators to make free partnership with banks has opened a slew of opportunities for the banking industry. Now Filipinos can use their mobile phones as ‘virtual wallets’. This has made the Philippines the leader among the developing countries in offering financial transactions over mobile networks. Thus, with increasing number of mobile subscribers and increasing level of mobile penetration, the mobile banking will see tremendous growth in future.
Also, the introduction of e-banking services and subsequent innovations in them had played critical role in changing the landscape of local banking industry. e-banking has made it more convenient for customers to use a number of popular interfaces like Internet, web-enabled mobile phones and Personal Digital Assistant (PDA) for financial transactions anytime, anywhere. With the introduction of mobile banking, the customer convenience has moved a step ahead.
Thus, mobile phone is fast evolving as a major payment instrument, posing a tough challenge to the well-established traditional credit and debit cards.
“Philippines Banking Sector Analysis” contains comprehensive research and rational analysis on various segments, like assets size, income level and number of cardholders, of the Philippines banking industry. It also analyzes the current performance and growth opportunities, and helps clients to understand various products available in the market and their future scope. It also discusses the role of technology in the Filipino banking industry.
The report gives future outlook of different aspects of the banking industry such as financial cards, mobile banking, and bancassurance. The future projections are made after analyzing the current market scenario, past trends and regulations laid by the central bank.
In addition, the report gives forecast on banking industry assets, mutual fund assets under management, number of credit cards, IT spending by banking industry, mobile banking users, microfinance industry, mobile subscribers and bancassurance in life insurance product sales.
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Turks to Swipe Credit Cards More than Debit Cards
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According to the recent research report “Turkey Banking Sector Forecast to 2012” by RNCOS, the increasing preference for cash-less transaction and availability of various card products will fuel the usage of financial cards in future in Turkey. Also, the rising tendency of credit repayment among consumers will drive the circulation of financial cards in coming years.
Credit cards will see a more favorable scenario in coming times. The rising circulation of credit cards will outpace the growth rate of debit cards in circulation during 2009-2012. The number of credit cards in circulation is anticipated to grow by around 11% as compared to just 4% in case of debit cards.
Like global trend, the debit and credit cards marked considerable annual increase in Turkey. The number of credit cards, which was 32.4 Million by the end of 2006, rose by 15.1% by the end of 2007 reaching 37.3 Million. The number of debit cards in the same period reached 55.5 Million with an increase of 3.7%. Due to the widespread use of debit and credit cards, the number of Point-of-Sale (POS) terminals and ATMs has been increasing continuously in recent years, says the report.
The analysis of the volume and value of debit card transactions shows a year-on-year increase in the use of debit cards. On the other hand, debit cards are mainly used for withdrawing cash rather than purchasing. Out of the 619.7 Million debit card transactions made in 2007, a huge 88.1% comprised cash withdrawal transactions.
“Turkey Banking Sector Forecast to 2012” is an extensive research that provides a detailed overview on the Turkish banking industry. This report underlines the factors responsible for the growth of the industry, market opportunities and challenges threatening the market growth.
This report provides segment-wise analysis, forecast, latest market trends, and future potential areas in the banking sector of Turkey. The extent of the information covered in the report will help the clients in understanding the market dynamics and position themselves accordingly in this highly lucrative sector.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM177.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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