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Consumer lending in the Czech Republic developed positively during 2018. The overall demand for consumer loans was influenced by a well-performing Czech economy.
Mortgages slow down due to tougher conditions and rate hikes
Throughout 2018, the Czech National Bank continued urging commercial banks to increase requirements for residential mortgage origination. Based on the latest recommendations, banks and building societies should withhold providing mortgages where loan-to-value (LTV) ratios are above 90%.
Licensing of consumer credit providers cleanses the market in 2018
The transitional period for obtaining a non-bank license from the Czech National Bank ended in May 2018. Non-bank consumer credit providers and intermediaries could no longer offer loans to consumers without a license from the Czech National Bank.
Increasing influence of digitalisation and FinTech on consumer lending
Financial services in the Czech Republic, including consumer lending, are increasingly being impacted by digitalisation. FinTech companies are slowly gaining a foothold in Czech consumer credit.
Consumer lending is expected to slow down over the forecast period
Value growth of consumer lending outstanding balance is expected to slow down over the forecast period, at constant 2018 prices. The tightening policy of the Czech National Bank, future expectations of interest rate hikes and adoption of stricter consumer credit terms is expected to slow down demand for consumer loans over the forecast period.
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Discover the latest market trends and uncover sources of future market growth for the Consumer Lending industry in Czech Republic 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 Czech Republic, our research will save you time and money while empowering you to make informed, profitable decisions.
The Consumer Lending in Czech Republic market research report includes:
Analysis of key supply-side and demand trends
Historic volumes and values
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
What is the market size of Consumer Lending in Czech Republic?
What are the major trends set to impact the market in Czech Republic?
What capacity for consumer debt still exists in the market?
What’s the state of credit quality in the market?
Has the economic downturn reset the lender competitive landscape?
Why buy this report?
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