Today: September 27, 2016, 12:29 pm

Global commercial banks market: $4.1 trillion industry by 2018
Global Commercial Banks - a new market research report on 2014-04-28 12:24:05
Commercial banks perform a vital role providing businesses, consumers and governments with access to financial products and services. The collapse of the US subprime mortgage market and consequential global recession shook the world´s financial system and threatened to destroy the core foundations that the financial system relies on.

Throughout the world, banks suffered unprecedented losses as their loan loss provisions skyrocketed due to their borrowers becoming unable to repay debt obligations. In addition, during a time when the cost of funding rose sharply due to credit availability disappearing, banks wrote off billions of dollars worth of assets as values depreciated. Since the recession, the industry has limped to a slow recovery, driven primarily by economic growth in emerging markets. IBISWorld estimates industry revenue increased at a 1.3% average annual rate to about $3.5 trillion over the five years to 2013.

At the height of the recession, many governments stepped in to bail out commercial banks on the verge of bankruptcy. In particular, the US government and leadership across Europe injected billions of dollars into their banking systems in an attempt to restore stability. However, the damage from the economic downturn was substantial and the recovery has been slow, although it has gained pace in the past two years.

Over the past two years, unemployment rates have been dropping in developed nations, which has boosted consumer spending and helped the industry´s revenue grow 4.2% in 2013. However, the sluggish recovery in housing markets has limited borrowing. Additionally, persistent uncertainty surrounding Europe´s economy and slightly slower economic growth in China are expected to dampen overall growth. As a result, the industry has been undergoing consolidation to improve economies of scale and decrease variable costs.

Looking ahead, the industry is set to fare well, albeit at a slower rate compared with prerecession levels. Banks operating in developed economies are expected to perform better as deferred business and capital expenditure moves forward. Banks in emerging markets held up well during the crisis, and opportunities exist for large global banks operating in mature markets to expand into these regions and benefit from the growth that is expected to occur in the coming five years. In the five years to 2018, industry revenue is expected to increase 3.2% annually on average to $4.1 trillion.

Click for report details: ..

Browse all Finance and Banking Market Research Reports ..

Browse all Finance and Banking Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 579 Words
Related Articles
More From Finance
P2P lending platform Monexo partners with IDBI-Trusteeship [..]
For Immediate Release: 2nd September 2016 MUKESH BUBNA, CEO Monexo Fintech Pvt Limited P2P [..]
Day Trade to Win New September Class [..]
Sold Out? New Class Added – On September 6, 2016, is launching a brand new eight-week trading boot camp [..]
FTM (Forget The Market) Reopens 3 Shares [..]
Port Vila, Vanuatu, 28th July 2016 - Investment firm FTM today announced the reopening of three separate share options, projected [..]
Ex-Citibanker Launching Online P2P marketplace in India [..]
A study conducted by World Bank shows that MSMEs in India face an estimated credit gap of INR 20.9 trillion [..]
New Frontier Portfolios Top Morningstar Rankings
New Frontier’s global strategic portfolios topped the Global Balanced Strategic/All-Inclusive category of the latest Morningstar ETF [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.