The growth of consumer credit over the forecast period will depend heavily on how quickly inflation, as well as interest rates, stabilise Growth in gross lending will be modest over the forecast period, with outstanding balances seeing higher growth. In terms of gross lending, cards will register the highest growth, though Danes are loath to fall into revolving credit, so profitability will be moderate.
BNPL has seen significant growth in recent years and this will continue over the forecast period. Its growth is also being fuelled by how digital Danish society is.
There will be increasing competition over the forecast period. With banking highly digital in Denmark, most consumer credit is approved online.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Denmark with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
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Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.See All of Our Definitions
This report originates from Passport, our Consumer Credit research and analysis database.
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