Russian Consumer Finance Market & its Opportunities Reviewed in New BRICdata Report Available at MarketPublishers.com23 Jul 2012 • by Natalie Aster
LONDON – The Russian consumer finance market declined in 2009 but managed to recover strongly in 2010 and 2011. The recovery is primarily attributed to the stabilization of interest rates in consumer lending. The consumer finance market recorded a CAGR of 19.46% during 2007–2011. It is projected to retain a high CAGR of 19.85% over 2012–2016.
The strong growth will be driven by the country’s improving macroeconomic fundamentals and rising domestic demand for consumer finance products. Personal loans is the largest category in the Russian consumer finance market. It recorded a CAGR of 23.79% during the review period. Russia’s rising employment levels are expected to generate more demand for personal loans in the country. The improving employment conditions in the country will encourage Russians to increase their personal consumption expenditure, increasing the demand for personal loans. Most Russians take out personal loans to purchase furniture, large household appliances and mobile phones.
New market report "Emerging Opportunities in the Russian Consumer Finance Market: Market Size, Strategies, Products and Competitive Landscape" worked out by BRICdata has been recently published by Market Publishers Ltd.
Emerging Opportunities in the Russian Consumer Finance Market: Market Size, Strategies, Products and Competitive Landscape
Published: July, 2012
Price: US$ 1.950,00
The report covers detailed market analysis, information and insights into the Russian consumer finance market, including:
- current and forecast values for the Russian consumer finance market
- comprehensive analysis of the industry’s market attractiveness and key trends and drivers supporting the growth of the consumer finance market in Russia
- detailed analysis of the marketing strategies adopted by companies in Russia for selling consumer loans
- detailed analysis of the challenges affecting the Russian consumer finance market
- competitive landscape in the Russian consumer finance market
- company profiles of the major banks in the Russian consumer finance market
More new market research reports by the publisher can be found at BRICdata page.