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Learn moreNov 2020
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Card lending continued to register strong growth in gross lending and outstanding balance terms in 2020 as the COVID-19 pandemic led consumers towards convenient types of consumer credit which offer good value for short-term borrowing. Growth in card lending outpaced overall growth in consumer credit overall during 2020, in spite of the decline seen in the numbers of credit cards and charge cards in circulation.
Non-card lending registered a strong positive performance in gross lending and outstanding balance terms in 2020. Home lending had a particularly good year as growth was spurred by the desire of many homeowners to renovate and extend their living space during the COVID-19 pandemic.
Auto lending was the only category of consumer credit to register negative growth in outstanding balance and cross lending terms over the course of 2020. The main reason for the category’s struggles was the adverse economic environment that has prevailed in the Czech Republic since the onset of the COVID-19 pandemic.
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Discover the latest market trends and uncover sources of future market growth for the Consumer Credit industry in Czech Republic with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, with our detailed market analysis and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Consumer Credit industry in Czech Republic, our research will save you time and money while empowering you to make informed, profitable decisions.
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Euromonitor’s Consumer Credit industry reports, originate from our Passport database, to find out more click here.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.