Abstract
Overview
Introduction
Central and Eastern European Wealth Management 2005 sizes the mass affluent
and high net worth markets across Hungary, the Czech Republic and Poland,
investigating the major competitive trends. It also provides extensive
forecasts for the mass affluent and high net worth sectors through 2007,
allowing the reader to understand both the current state and future potential
of the specific countries.
Scope
- Report covers the Czech Republic, Hungary and Poland
- Onshore liquid wealth is segmented into nine asset bands, from EUR50,000
to 3,000,000+ from 2000 to 2004 and forecasts to 2009
- The macroeconomic and savings and investment data was collected directly
from governmental sources such as the Czech National Bank
- Sizing and forecasting of mass affluent and high net worth individuals
were generated from Datamonitor's proprietary Global Wealth Model
Report Highlights
In 2004, wealthy clients accounted on average for 1.5 per cent of total adult
population in Hungary, Poland and the Czech Republic. Within this, on average
0.1 per cent were represented by high net worth individuals, while on average
1.4 per cent of the total population fell within the mass affluent category.
Poland is the country where the Italo-German merger has the potential to
drastically change the domestic banking landscape, with HVB being the core
shareholder of the country's third largest bank - Bank BPH - and UniCredit
controlling the number two - Bank Pekao. The potential amalgamation will
result in the emergence of a new market leader.
The 'private banking' offerings of many Czech banks rarely meet the criteria
set for such services in the West. Providers often offer their clients
standard products through personal bankers who 'skip' the counters when
serving wealthy clients. This approach is sometimes called the 'red carpet'
treatment, instead of its true name - premium banking.
Reasons to Purchase
- This report forecasts the market to 2009, allowing competitors to plan
strategies on the basis of detailed market information
- Allows wealth managers to monitor threats and opportunities posed by their
main competition
- Determines which CEE countries are most attractive in terms of the size
and composition of their potential market
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