It is expected that there will be a slowdown in growth in applying for new loans and paying off existing ones over the forecast period in the Czech Republic. This is anticipated because of accelerated inflation, growing interest rates, and continued economic uncertainty.
Over the forecast period, auto lending will be driven by the increasing customer shift towards electric cars. With consumers spending more time outside the home and travelling more often in the aftermath of the pandemic, they may seek new cars.
There are lingering uncertainties about how households that are still unable to repay loans will fare after the loan repayment moratorium is lifted. Banks and financial experts are urging people to start paying loan instalments as early as possible to avoid further extension of repayment period and an increase in related expenses in the future.
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 Czech Republic 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 Czech Republic, 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.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!