Consumer Lending

In 2022 the consumer lending landscape in Germany is expected to be characterised by a coming together of opposing trends stemming from unusual circumstances, the COVID-19 pandemic, and the economic fallout from the Russian invasion of Ukraine.…

Amidst growing uncertainty driven by the energy crisis, rising inflation and historical increases in European Central Bank (ECB) interest rates (in an attempt to contain inflation), consumer lending continues to see growth in most categories in…

The Norwegian economy showed a faster recovery than many other European countries at the end of the review period. As the Coronavirus (COVID-19) public health crisis and related restrictions and measures eased, unemployment decreased and consumers…

Over 2022, consumer credit gross lending is set to continue its recovery from the strong decline in current value terms recorded in 2020 in the wake of the Coronavirus (COVID-19) public health crisis in Malaysia. A strong rebound in 2021 took…

During March 2022, the Bank of Israel announced that interest rates would be rising for the first time since 2018. This led to March 2022 broken all records for the numbers of mortgages being taken out in the country, with NIS13 billion in mortgage…

Gross consumer lending in Canada portrays consistent growth in 2022, recovering more fully to pre-pandemic levels. As the unemployment rate continues to decline and lenders use more aggressive strategies, the demand and supply of loans remains high,…

In spite of increased interest rates, gross lending is expected to increase, but not by as much as in 2021, when with society opening up post pandemics, there was a surge in gross lending.

Consumer lending is being driven by increasing consumer expenditure in 2022 in line with an easing of pandemic-related restrictions in Austria. This is resulting in the greater resumption of socialising, and the return to previous shopping and travel…

The outbreak of COVID-19 led to slower growth in consumer lending in Vietnam with consumers taking a more cautious approach to borrowing due to the uncertainty created by the pandemic. Nonetheless, consumer credit has continued to see double-digit…

Consumer lending in Morocco shows a promising increase in value terms in 2022 compared to 2021. On the other hand, lending rates have been on a downward trend since the review period. Consumer lending in Morocco remains relatively underdeveloped,…

Economic recovery and the removal of pandemic-related restrictions are driving consumer lending growth in 2022. Consumers are returning to travel and using card lending more to fuel this pursuit and other shopping needs. However, a slowdown in…

Current value growth in gross consumer lending in Argentina in 2022 is set to surpass that recorded in 2021, as is growth in the total outstanding balance. However, these results have been skewed by the fact that the country’s chronically high…

The most important development in Poland’s consumer lending market during 2022 were the ten interest rate increases that were imposed by the country’s central bank between October 2021 and July 2022. The interest rate increases and the new…

The consumer lending market in Indonesia is recovering at the end of the review period for a number of reasons. These include the recovery in the broader economy, people’s rising financial confidence, government incentives aimed at encouraging growth…

Under the direction of China Central Bank, the five-year loan prime rate was cut by 15 basis points to 4.30% from 4.45%, and the one-year loan prime rate was cut by five basis points to 3.65% in the middle of 2022. This was part of a national…

Turley has one of the highest inflation rates in the world in 2022, with fears it could even reach triple-digits. Unlike most other countries, this soaring inflation had already been triggered prior to the energy crisis arising from the war in…

Consumer lending is maintaining its recovery in both outstanding balances and gross lending, following the drop seen in the 2019-2020 period. This ongoing positive trend is attributed to the post-pandemic recovery of the economy in Peru, especially…

Although COVID-19 is receding, the economic impact of the pandemic continues to impact consumer lending in Nigeria in 2022. Many people suffered unemployment and diminished disposable incomes during the last couple of years, forcing financially…

Consumer lending in Mexico has been subject to significant impacts in recent years. The COVID-19 pandemic led to strong rises in overall gross consumer lending over 2019-2021. In 2022, growth has slowed substantially but remains robust and is set to…

Chile witnessed a significant rebound in consumer credit gross lending in 2021 following the previous year’s drop. However, the value of some lending categories remained below pre-pandemic levels. This was mainly due to joint support measures…