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Learn moreOct 2019
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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 credit as the major growth driver.
Taiwan’s Financial Supervisory Commission (FSC) has been driving the country’s banks to move to digital platforms through its “Bank 3.0” version.
Taiwanese government is exploring the possibility of the development of “open banking” in the country. It opens the possibility for information about consumers’ accounts to flow freely between banks and third party companies.
Skyrocketing prices in Taiwan has made housing highly unaffordable to many Taiwanese households. Over the past three years, the government introduced dramatic measures such as an ambitious social housing initiative and passing new legislation to cool the housing market and banks competed to offer cheaper loans and ease mortgage rules.
Over the forecast period, consumer enthusiasm for spending is set to continue despite the country’s economy coming under pressure from external factors. Moderate economic growth and an active labour market are forecast to drive wage and consumer income growth.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Consumer Lending industry in Taiwan with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Consumer Lending industry in Taiwan, our research will save you time and money while empowering you to make informed, profitable decisions.
The Consumer Lending in Taiwan market research report includes:
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Why buy this report?
Euromonitor’s industry reports, including Consumer Lending in Taiwan, originate from our database within our Consumer Finance market share and market size database, Passport, a platform which analyses Consumer Finance in 46 countries and globally.
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.