The development of consumer credit over the forecast period will depend heavily on the rate of economic recovery and on government support programmes. Despite the severity of the recession, strong financial aid in response to the economic fallout of the pandemic will help to safeguard some jobs and boost demand.
Gross non-card lending is expected to see only slow recovery. Among the main reasons, applicable mainly during the first years of the forecast period, will be the cautious attitude towards spending on non-essential high-value products of some consumers due to a more frugal attitude post-pandemic.
The vast majority of local consumers value lower costs above sustainability. However, to cater to both demands Romania is seeing more offers of green credit.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Romania 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 Romania, 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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