Category: Credit & Loans
Credit & Loans market research reports by Euromonitor International
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Consumer Credit in Germany
Borrowing in Germany was slow in 2024 due to persistently high interest rates, as a direct result of the European Central Bank's (ECB) monetary tightening policies. The ECB's strategy to control inflation led to increased borrowing costs, thereby having a considerable effect on both consumer and bus ... Read More
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Credit Cards in Morocco
Morocco is a country heavily reliant on cash, and those consumers who do want a financial card historically favour debit cards to any other type of financial cards. Credit cards therefore remains significantly underpenetrated, partly due to limited consumer awareness, but also continues to suffer fr ... Read More
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Consumer Credit in Morocco
Consumer credit gross lending and the outstanding balance are set to continue to rise in Morocco in 2024. However, household credit continues to show significant disparities, with a positive correlation between income levels and debt rates in Morocco. The latest report from Bank Al-Maghrib reflects ... Read More
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Top Five Trends in Payments and Lending
Consumer and commercial payments continue to evolve towards financial cards and digital payments globally. Credit is once again gaining share of overall card payments, while BNPL is increasingly funding consumer payments. Mobile e-commerce is driving retail growth and digital payments, and fintech i ... Read More
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Consumer Credit in Spain
Buy Now, Pay Later (BNPL) services continue to expand in Spain in 2024. Indeed, a 2023 study by Forbes indicates that one-in-three Spanish consumers use BNPL as a payment option. For some years now, consumers and businesses alike have enjoyed the relatively regulation-free space of BNPL, however, in ... Read More
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Consumer Credit in Turkey
Consumer Credit in Turkey Consumer credit registered modest growth in gross lending and outstanding balances over the review period, as ongoing economic uncertainty led many consumers to retain a conservative approach towards borrowing. In 2024, there was a notable slowdown in gross lending as inter ... Read More
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Consumer Credit in Israel
Consumer Credit in Israel Israel’s consumer credit market saw rising demand for home lending in 2024. Loans secured with a lien on a savings account are typically more attractive to consumers due to their lower interest rates compared to other types of loans. However, the segment saw a decline mid-r ... Read More
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Consumer Credit in South Africa
Consumer Credit in South Africa With credit cards and store cards remaining the primary point of entry to the South African credit system, the flood of generation Z shoppers into the workforce has been driving demand for such lending. Demand for card lending has also benefited from improvements in o ... Read More
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Consumer Credit in Greece
Consumer Credit in Greece Consumer credit gross lending maintained relatively stable growth in Greece in 2024, as the associated relative stability of the economy inspires stronger consumer spending confidence – despite ongoing cost-of-living crises. Digital loans in particular are driving growth, a ... Read More
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Consumer Credit in Sweden
Consumer Credit in Sweden Consumer credit in Sweden saw gross lending on cards increase at a stronger pace than mortgages/housing over 2024. Yet mortgages/housing growth remains much higher in terms of outstanding balances due to the prevalence of home buying in Sweden. Higher mortgage rates in the ... Read More
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Consumer Lending in Norway
Consumer Lending in Norway Consumer lending witnessed another record year of growth in Norway over 2024. Following the challenging pandemic years and a period of high inflation due to the war in Ukraine, the economy is beginning to feel the positive effects of falling inflation. In 2024, both gross ... Read More
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Consumer Credit in Canada
Consumer Credit in Canada In 2024, consumer credit in Canada reached its highest rate of participation despite ongoing economic pressures, with the number of Canadians holding at least one credit product surpassing 31 million in 2024 - an all-time high, according to TransUnion. This increase has bee ... Read More
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Consumer Lending in the Netherlands
Consumer Lending in the Netherlands Consumer lending continued to suffer from downwards pressure in the Netherlands in 2024, due to ongoing regulations from the Netherlands Authority for the Financial Markets (AFM), along with national banks such as De Nederlandsche Bank (DNB), and other regulators. ... Read More
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Consumer Lending in Poland
Consumer Lending in Poland Consumer lending in Poland saw solid growth in terms of consumer credit gross lending in 2024. While inflation was falling it remained above target, and the country’s economic growth was stimulated by consumption and public spending. Unemployment levels were low, and there ... Read More
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Consumer Credit in the Netherlands
Consumer Credit in the Netherlands Non-card lending saw negative pressure in the Netherlands in 2024, due to the increased focus on responsible credit and the enforcement of credit rules. The Netherlands Authority for the Financial Markets (AFM) has identified consumer credit players who were not st ... Read More
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Credit Cards in Egypt
Credit Cards in Egypt A key trend affecting credit cards in Egypt in 2024 centred on changing regulations around the use of such cards abroad. Whilst the Central Bank of Egypt (CBE) did issue restrictions on the use of Egyptian credit cards used abroad in in late 2023 and early 2024, the CBE then in ... Read More
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Consumer Lending in Egypt
Consumer Lending in Egypt Consumer lending in Egypt had a successful year in 2024, both for banks and consumers. The World Bank classifies Egypt as a lower middle-income country which has significant potential to leverage its existing manufacturing and services sectors and strategic geographical loc ... Read More
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Consumer Lending in Indonesia
Consumer Lending in Indonesia Consumer lending in Indonesia saw another strong performance in 2024, similar to that seen in 2023. Economic growth was driven by stable political conditions, controlled inflation rates and also subsidy programs - for example subsidies for two-wheeled electric vehicles. ... Read More
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Consumer Credit in France
Consumer Credit in France Consumer credit in France is beginning to recover in 2024 after a difficult 2023, partly thanks to more accessible rates than in 2023 and the recovery of the offering. In September 2024, the best consumer credit rates were 0.9% over 12 months, 8% over 36 months and even 6.3 ... Read More
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Consumer Credit in Indonesia
Consumer Credit in Indonesia Consumer credit gross lending saw further strong growth in Indonesia in 2024, along similar lines to the previous year although the rate of growth slowed down. The main factor behind this growth has been the improvement in economic conditions, as well as the expanding ca ... Read More
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Consumer Lending in France
Consumer Lending in France Consumer lending in France in 2024 showed slight signs of recovery, following a challenging year in 2023, with growth driven by more accessible interest rates and a rebound in supply. This is observed in both housing mortgage housing and in consumer credit. In September 20 ... Read More
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Consumer Credit in Thailand
Consumer Credit in Thailand Consumer credit has become a key issue in Thailand, with households grappling with rising debt, exacerbated by economic fluctuations, increasing living costs, high unemployment rates, and stagnant incomes. Many families increasingly rely on loans to sustain their standard ... Read More
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Consumer Credit in Vietnam
Consumer Credit in Vietnam Consumer credit in Vietnam is expected to rise significantly in 2024, supported by new regulations introduced in Circular No. 12/2024/TT-NHNN. These changes are designed to streamline the appraisal and lending process, allowing for quicker and more convenient access to sma ... Read More
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Consumer Credit in Taiwan
Consumer Credit in Taiwan In Taiwan, the landscape of financial services is evolving rapidly to accommodate credit novices, providing them with easier access to a range of financial products and services. Digital banks and Buy Now, Pay Later (BNPL) platforms are emerging as key players in this trans ... Read More
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The World Market for Payments and Lending
The World Market for Payments and Lending Financial cards are strengthening their position globally as the most popular way for consumers to pay. Paper payments have been consistently declining, due to changing consumer preferences and government efforts to increase the security and transparency of ... Read More
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