The forecast period is expected to see consumer credit continue to register positive growth in both gross lending and outstanding balance terms. Moreover, Egypt’s ever-growing consumer lending market has begun to witness high levels of competition between major banks and non-bank lenders, with major players regularly announcing ambitious targets for the expansion of the lending operations.
GlobalCorp, the leading non-banking financial institution in Egypt, recently announced the launch of its new business-two-consumer platform for lifestyle financing under the brand name Ollin. This new consumer lending entity is set to expand substantially during the forecast period in pursuit of the goal of providing deferred payment programmes covering various categories of consumer credit, including auto lending, home lending, education lending and other personal lending, with specific products that cater to the needs of those borrowing money to cover the cost of healthcare, travel, and club memberships.
Amidst mounting competition in the Egyptian consumer lending market, Housing & Development Bank has established itself as one of the up-and-coming leaders in the consumer lending market. The banks usually results for 2022 display remarkable progress in its commercial and consumer lending operations, with its share of total loans and credit facilities extended to customers increasing by some EGP2 billion, an increase of 6.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Egypt 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.
If you're in the Consumer Credit industry in Egypt, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
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 DefinitionsThis report originates from Passport, our Consumer Credit research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!