AI impact on banking profit 2028| ��ƽ��

Estimated impact of artificial intelligence (AI) on banking profits worldwide by 2028 (in billion U.S. dollars)

Characteristic	Banking sector profit 2023	Profit growth in line with nominal GDP	Estimated increase from AI adoption
Banking sector profit 2023	1,439	-	-
Banking sector baseline profit forecast 2028	1,439	384	-
Estimated banking sector profit with AI adoption 2028	1,439	384	170

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Release date

June 2024

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Region

Worldwide

Survey time period

June 2024

Supplementary notes

The source adds the following information: Banking sector profit data was sourced from SNL Financial, representing a sum of over 3,700 diversified commercial banks, thrifts and savings banks. The projected profit growth between 2023 and 2028 is estimated to align with nominal GDP growth based on the IMF World Economic Outlook. The projected increase in banks' profit from AI adoption was calculated using weighted average findings from the survey regarding expected profit increases resulting from AI implementation.

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The adoption of artificial intelligence (AI) is projected to significantly impact global banking profits. Based on 2023 banking sector performance and expert forecasts, AI implementation could add 170 billion U.S. dollars (or nine percent) to the global banking sector profit pool by 2028. In 2023, global banking sector profit reached 1,439 billion U.S. dollars. The baseline profit forecast for 2028, growing in line with nominal GDP, is expected to reach 1,822 billion U.S. dollars - a 384 billion U.S. dollars increase from 2023. AI adoption across the sector is estimated to generate an additional 170 billion U.S. dollars in profits, potentially bringing total banking sector profits to 1,992 billion U.S. dollars by 2028.