Due to the pandemic, the Financial Supervisory Commission (FSC) have coordinated with banks regarding the postponement of mortgage, auto lending and credit card payments. The original agreement was to postpone the start of repayments until the end of June 2022.
Banks are making every effort to release funds, especially in the personal loans segment. The demand for loans increased in the second quarter of 2022 as COVID-19 cases continued to impact society and different industries.
The outstanding balance of mortgage loans hit a new peak in 2022. However, the annual growth rate has fallen to a similar rate not seen since 2018.
Taiwan’s central bank announced a rise in interest rate by 12.5 basis points (0.
In 2021, annual GDP growth in Taiwan was approximately 6.45% driven by strong foreign demand for manufacturing products and the country’s thriving shipping services.
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Understand the latest market trends and future growth opportunities for the Consumer Lending industry in Taiwan 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 Lending industry in Taiwan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Aggregate of Consumer Credit and Mortgages/Housing. Gross Lending: The total value of loans advanced by institutions in a given year; data refers to single year only. Outstanding Balance: The collective amount owed by borrowers at the end of a given year; data refers to the cumulative impact of debt.See All of Our Definitions
This report originates from Passport, our Consumer Lending research and analysis database.
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