The forecast period is expected to see further development in Israel’s burgeoning fintech seen and this is expected to be a major factor underpinning the development of consumer credit. During the review period, the proliferation of new technologies that promise to revolutionise the way in which loans are offered and the processes by which the creditworthiness of potential borrowers is assessed credit of potential borrowers created huge opportunities for finance companies to reduce risk while making loans more widely available to consumers.
October 2021 so the passing of new laws in Israel late into private investments. These new laws prohibit real estate investors from taking out loans on investment properties to finance the purchase of another property.
During the forecast period, is expected that demand for auto lending will diminish as car ownership becomes less attractive to many Israelis. One major reason for this trend is that improvements are being made to public transportation network throughout the country and this, combined with the receding threat of contagion due to the waning influence of the COVID-19 pandemic, is likely to make public transport more attractive, putting pressure on demand for auto lending.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Israel 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 Israel, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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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