Consumer Lending

Consumer lending has grown at a healthy pace in India; and this trend is expected to continue in the forecast period. Although 2018 saw declines in durables lending due to banks making fewer such loans available amid an increase in the number of ...

The Egyptian economy has been showing signs of recovery after a prolonged recessionary period, featuring major devaluation of the local currency and high inflation rates. After reaching a high in 2017, the inflation rate has since been easing ...

Consumer lending showed a marked improvement in its gross lending current value growth rate in 2019, although outstanding balance current value growth remained at a similar level to a year earlier. The consumer lending performance benefited from an ...

Consumer lending in Vietnam continued recording strong growth across all types of lending in 2019. The increasing desire for better living standards was one of the key drivers of this good growth, driven by rapid urbanisation, higher disposable ...

2019 saw further positive growth in Israel’s consumer lending industry, with significant increases registered in both outstanding balance and gross lending terms. Among the factors spurring growth are the high cost of living in Israel, which has led ...

Taiwan’s consumer lending has registered impressive growth, thanks to low interest rates, moderate inflation and is well supported by sufficient bank funding. For the first time since 2013, consumer lending witnessed the highest growth, with consumer...

The development of consumer lending in Japan continues to be constrained by the traditionally negative image of debt in the country and the fact that it remains a cash-heavy society. However, Japan is also a society undergoing significant ...

The government is strictly monitoring consumer lending in South Korea after total household debt increased rapidly in previous years. The government is trying to improve the quality of the debt and increase the repayment capability of each household ...

Both GDP growth and the decline in demand for company loans hampered the development of consumer lending in Morocco, such that GDP posted growth of 3.1% since January 2019, while companies’ investments have stagnated since 2018. Players affirmed that...

Consumption-led economic growth was the strategy in Romania in recent years. Although slowing, this continues in 2019. The country has a favourable macroeconomic environment, with double-digit salary growth towards the end of the review period, as ...

Following three years of double-digit current value growth, gross lending saw a decline in 2019. This was informed by decreases in education lending and “other” personal lending in consumer credit, and mortgages/housing. Education lending is hampered...

For the sixth consecutive year, US household debt continues to rise, reaching levels of outstanding balance higher than those observed during the Great Recession in 2008. Continuous outstanding balance growth has been driven by the two largest ...

Despite recording double-digit current value growth in 2019, the rate of growth recorded by gross lending for overall consumer lending continued to slow. This followed a period of high inflation and costs of goods and services, which forced Bangko ...

The Argentinian economy continues to struggle, with declining real GDP growth in 2018 and 2019, soaring inflation and a currency that has tanked in value against the US dollar. This has naturally affected the consumer lending industry, which saw ...

The lending landscape in the Netherlands can best be characterised by a relatively strong saving culture and even an aversion against applying for loans from financial institutions. The Dutch tend to keep their debts manageable and limit them mostly ...

Despite a slowdown in growth in most categories due to consumer caution, consumer lending saw continued growth in gross lending in current value terms in 2019. Much higher growth was seen for consumer credit than for mortgages/housing. Meanwhile, in ...

The ongoing digitalisation of financial services played an important role in the development of the Thai consumer lending market at the end of the review period. Credit card and personal loans via bank mobile apps grew strongly in 2019. Thailand is ...

2019 saw the Saudi Arabian economy recover somewhat from its recent slump and the IMF predicts 2.9% economic growth over the course of the year. This follows the 2.2% economic growth registered in 2018, a major improvement on the contraction ...

The fixing of interest rates in home and mortgage lending, to eliminate the threat of fluctuating instalment payments in the case of interest rate increases, offers peace of mind to consumers. Foreign currency lending to households was eliminated ...

Consumer sentiment has taken a hit as Singapore’s economy slows down with looming recession ahead. The market has been affected by the growing protectionist tensions around the world. As Singapore is highly dependent on export and trade, the ...