Consumer Credit

Over the course of 2020, various actions were taken by the government and individual banks in response to the COVID-19 pandemic with the aim of lessening the financial strain being experienced by many households. Among the main factors placing strain...

The sudden economic downturn resulting from the COVID-19 pandemic led to an abrupt decline in demand for consumer credit in Romania. As a result of the challenging economic environment, consumer credit suffered from a significant drop in consumer ...

The economic crisis that emerged from the COVID-19 pandemic during 2020 resulted in Peruvian society pulling together to avoid the development of a full-blown social and economic crisis. With many people having experienced unemployment at short ...

The emergence of COVID-19 in Nigeria and the subsequent lockdown measures introduced by the government in an attempt to control the spread of the virus resulted in rising unemployment levels and decreasing disposable incomes. This forced many ...

The COVID-19 pandemic led to the emergence of economic uncertainty in Morocco during 2020, with many consumers facing pressure on their incomes and questions over their ability to meet their regular financial negations. With key sectors of the ...

The COVID-19 pandemic disrupted the Israeli economy during 2020, resulting in economic uncertainty, high unemployment, reductions in household incomes and widespread financial hardship. The impact of this on the various different categories of ...

The COVID-19 pandemic resulted in a major slowdown being seen in the Ukrainian economy over the course of 2020. This led to economic uncertainty, rising unemployment, pressure on household incomes and widespread financial hardship. The adverse ...

The sudden economic downturn resulting from the COVID-19 pandemic led to an abrupt decline in demand for consumer credit in Austria. As a result of the challenging economic environment, consumer credit suffered from a significant drop in consumer ...

The emergence of the COVID-19 crisis led many Greek consumers to become extremely reluctant to engage with consumer credit. The uncertain and somewhat hostile economic situation that emerged almost immediately from the COVID-19 pandemic brought back ...

Prior to the emergence of the pandemic in South Africa, consumer credit had been experiencing healthy growth, particularly in gross lending terms, as an increasing number of consumers turned to credit in the form of card lending and personal loans ...

The sudden economic downturn resulting from the COVID-19 pandemic led to an abrupt decline in demand for consumer credit in Denmark. As a result of the challenging economic environment, consumer credit suffered from a significant drop in consumer ...

In 2020, Saudi Arabia is expected to experience slower economic growth than usual. As a result of the COVID-19 pandemic, oil production has fallen due to decreased global demand, religious tourism has been curtailed by the closure of the kingdom’s ...

The emergence of COVID-19 and subsequent lockdown resulted in significant economic instability for Portugal, including rising unemployment and decreasing disposable incomes amongst local consumers. This scenario emerged despite efforts by the ...

As the Hungarian government has come under fire in some quarters in recent years for its authoritarian tendencies, it has sought to pursue its political aims via soft measures that are more likely to be viewed positively among the local population. ...

The COVID-19 pandemic placed considerable pressure on the Norwegian economy and the finances of many individuals and small businesses in the country during 2020. However, this proved positive for some categories of consumer credit. In particular, ...

Card lending is expected to account for 68% over total gross lending within consumer credit in 2020, but only 4% of the overall outstanding balance. This reflects the way in which consumers in Taiwan utilise credit cards. Unlike many other markets, ...

The impact of the COVID-19 pandemic and consequent economic downturn has limited demand for consumer credit. Driven by the very challenging economic context, demand for consumer credit has suffered from a significant drop in consumer confidence and ...

Among the many negative impacts of the COVID-19 pandemic on Colombian society during 2020 was that it ruthlessly exposed the vulnerability of less affluent segments of the country’s population to financial distress. This has serious applications for ...

Although positive growth was recorded in consumer credit in 2020, including in both outstanding balance and gross lending terms, the strong double-digit growth rates that were seen in the category during the year were in fact considerably slower than...

The emergence of COVID-19 and the subsequent lockdown in France which resulted in decreasing disposable incomes and rising unemployment in 2020, weakened consumer sentiment and strengthened the traditionally strong cultural aversion amongst the local...