Consumer Lending

Consumer lending continued to see strong growth in the outstanding balance in 2019. However, in terms of gross lending, consumer credit saw current value growth, whilst mortgages/housing saw a strong decline, leading to an overall reduction in gross ...

Consumer lending continued to record strong growth in gross lending and outstanding balance in current value terms in 2019, up slightly on the year-earlier figures as well as the review period CAGRs. Growth in lending is being triggered by ...

The Turkish economy recorded a sharp slowdown in growth in 2018, buffeted by the devaluation of the local currency against the US dollar, which lost 40% of its value in August of that year alone. Since then the slide has continued, with negative real...

Consumer lending in Ukraine continues to see double-digit current value growth in gross lending and outstanding balance across all categories in 2019. Deferred demand, including strong caution as a result of the economic crisis of 2014/2015, and an ...

Consumer lending in South Africa continued to record a strong performance, with gross lending recording higher current value growth compared to outstanding balance in 2019, as an increasing number of local consumers relied on credit for their daily ...

Norway’s economy continued to experience solid growth in 2019 with rising employment and ongoing investment in oil following the oil price decline seen in the middle of the decade. Real GDP growth is predicted to be higher than in 2018. Despite a ...

The Swedish economy continued to perform strongly in 2019. Sweden’s population continued to grow due to more live births than deaths and the wide gap between immigration and emigration. Statistics also show improving employment and a decreasing ...

Consumer lending in France registered another solid performance in 2019, with gross lending growing at a healthy pace in current value terms. Low interest rates and a broadly positive macroeconomic climate continued to underpin the expansion of the ...

In recent years, the Chilean economy has begun to improve and consumer confidence has increased. In addition, rising disposable incomes have also boosted long-term consumption and demand for mortgage, education and consumer credit. Although ...

In 2018, Mexico’s economy faced challenges, with the ongoing renegotiation of the North American Free Trade Agreement (NAFTA) and the presidential election, which turned out to be one of the most memorable in Mexican history. Furthermore, during 2018...

Growth in both the outstanding balance and gross lending slowed within consumer lending in current value terms in 2019, as economic uncertainty led to lower consumer confidence. A slowdown in borrowing activity was seen in the UK, particularly for ...

Consumer lending continued to record solid growth in gross lending terms in 2019, due to a positive economic outlook, leading to a drop in unemployment rates and increasing consumer confidence to borrow. This trend was combined with adequate ...

Consumer lending in Italy continued to perform well in 2019, with consumer credit categories recording value growth in gross lending and outstanding balance. However, there was a further slight-to-marginal downturn in gross lending value in ...

Consumer lending continued to see strong growth in China in 2019, though at a slower rate than in previous years. Consumer lending remains in a relatively early stage of development in China, with significant potential for further expansion. ...

Macroeconomic factors and monetary policy are having a beneficial impact on consumer lending in Poland. Increasing consumption needs translate into increased demand for loans. Furthermore, low unemployment and rising wages are resulting in ...

With a population of consumers that are poorly educated in terms of financial knowledge, overdraft is one of the most commonly used types of consumer credit, despite being the most expensive one. Paradoxically, it is also most commonly used by ...

The Spanish economy demonstrated the initial signs of a slowdown in 2019. According to the Bank of Spain’s latest forecast, Spanish GDP will grow by 2.4% in 2019 (in 2018 it grew by 2.6%) and by 1.9% in 2020. As a result, after a strong performance ...

Despite a generally positive economic landscape in Portugal in 2019, consumer lending experienced some stagnation after impressive growth rates over the review period, with an anticipated decline for the profit margins of some financial institutions....

Consumer lending continued to see solid current value growth in 2019, thanks to steady economic growth in Canada, supported by a strong increase for card lending in particular. Canadian consumers are carrying more debt, with household debt well above...

In 2019, the Reserve Bank of Australia made its first back-to-back interest rate cut since the European bank crisis in 2012. The government hopes the cut will help to shrink unemployment and align inflation rates with its target band. Unemployment ...