Auto lending is set to be a relatively poor performer in consumer credit during the forecast period, even though the global semiconductor shortage will gradually ease, which will help to boost new car sales. Younger Spaniards, particularly those living in large urban centres, are becoming less interested in car ownership.
Online consumer credit continues to grow in popularity. All of the leading Spanish banks now have smartphone apps—indeed, it is becoming increasingly difficult to operate a bank account without a smartphone—and they are increasingly being used to offer personal loans.
Gross consumer credit lending will rebound in constant value terms during 2022 and see robust growth over the forecast period as a whole. However, the outstanding balance of consumer lending will decline slightly in constant value terms over the forecast period as a whole.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Spain 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 Spain, 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.
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