Driven by an expanding middle class, rapid-growth markets (RGMs) are the new engines of growth in global banking. Our report “Banking in Emerging Markets: Investing for success” explores 11 RGMs (see box below) rising alongside the BRICs and growing at twice the rate of developed markets.
The potential is immense. 88% of survey respondents are optimistic about their banks’ financial performance and expect the outlook to improve for most business lines. Across the 11 RGMs, we estimate that bank credit to the private sector will grow by over $1.5tn between 2013 and 2018.
If banks are to take advantage of the opportunities these markets offer, they must understand their specific challenges and make investments in three key areas.
Use our interactive tool to explore how banking respondents across the RGMs answered questions about expectations, challenges and opportunities.