Consumer Lending Industry Examined by Euromonitor International
08 Feb 2012 • by Natalie Aster
Several years of economic downturn and slower growth have led to a decline in 2008 and in 2009 in consumer credit for the most established markets of North America and Western Europe. The emerging markets have managed to continue to grow thanks to historically low interest rates and an openness of the youth population to credit.
North America remains the largest consumer lending market with an outstanding balance of US$15.5 trillion in 2011, followed by Western Europe at US$11 trillion. These two markets, however, posted the slowest growth of any region from 2006 to 2011.
According to the report “Consumer Lending 2012: Trends, Developments and Prospects” by Euromonitor International, the global mortgage gross lending total declined and lost market share due to a downturn in major markets. Mortgage accounted for 42% of total gross lending globally in 2001, but that figure declined to 30% by 2011.
The type of informal lending that is popular in those situations where the borrower was unable to secure a loan from a traditional financial institution took off in certain markets like South Africa, China and Canada.
Consumer Lending 2012: Trends, Developments and Prospects
Published: January, 2012
Price: US$ 2.000,00
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More information can be found in the report “Consumer Lending 2012: Trends, Developments and Prospects” by Euromonitor International.
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