Consumer Credit in Russia

November 2021 | 17 pages | ID: CD7DE626F96EN
Euromonitor International Ltd

Abstracts

The impact of the COVID-19 pandemic and consequent economic downturn has heightened demand for consumer credit in Russia. Driven by the economic context, consumer confidence and willingness to purchase expensive items with credit, such as cars, has dropped. However, it has also resulted in income losses, a rise in bankruptcies and a consequent drop in repayment capacity. Some consumers are thus being forced to make payments on credit due to lack of available funds. In response, Russian banks hav...

Euromonitor International's Consumer Credit in Russia report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Data coverage: Auto Lending, Card Lending, Durables Lending, Education Lending, Home Lending, Other Personal Lending.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

• Get a detailed picture of the Consumer Credit market;
• Pinpoint growth sectors and identify factors driving change;
• Understand the competitive environment, the market’s major players and leading brands;
• Use five-year forecasts to assess how the market is predicted to develop.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

Contents

CONSUMER CREDIT IN RUSSIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Uncertainty over COVID-19 limits loan demand and increases defaults
Despite governmental support, auto lending and educational lending will experience the weakest performance within consumer credit.
Banks tightening policies and switching from quantity to quality
PROSPECTS AND OPPORTUNITIES
Government and Central Bank of Russia support will be vital to aid the country in its post-COVID-19 recovery
Leading lenders look to attract customers with enticing offers and improved experience
Further move to digital space seems inevitable
CATEGORY DATA
Table 1 Consumer Credit: Outstanding Balance by Category: Value 2016-2021
Table 2 Consumer Credit: Outstanding Balance by Category: % Value Growth 2016-2021
Table 3 Consumer Credit: Gross Lending by Category: Value 2016-2021
Table 4 Consumer Credit: Gross Lending by Category: % Value Growth 2016-2021
Table 5 Forecast Consumer Credit: Outstanding Balance by Category: Value 2021-2026
Table 6 Forecast Consumer Credit: Outstanding Balance by Category: % Value Growth 2021-2026
Table 7 Forecast Consumer Credit: Gross Lending by Category: Value 2021-2026
Table 8 Forecast Consumer Credit: Gross Lending by Category: % Value Growth 2021-2026
CONSUMER LENDING IN RUSSIA
EXECUTIVE SUMMARY
Consumer lending in 2021: The big picture
2021 key trends
Mortgages/housing driven by preferential loan programme and relatively low interest rates
Online channel continues to grow as players invest in their own digital development to provide a more attractive offer to consumers
What next for consumer lending?
MARKET DATA
Table 9 Consumer Lending: Outstanding Balance by Category: Value 2016-2021
Table 10 Consumer Lending: Outstanding Balance by Category: % Value Growth 2016-2021
Table 11 Consumer Lending: Gross Lending by Category: Value 2016-2021
Table 12 Consumer Lending: Gross Lending by Category: % Value Growth 2016-2021
Table 13 Consumer Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2016-2021
Table 14 Mortgages/Housing: Non-performing vs Other Loans Outstanding Balance: % Value 2016-2021
Table 15 Consumer Credit: Non-performing vs Other Loans Outstanding Balance: % Value 2016-2021
Table 16 Card Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2016-2021
Table 17 Forecast Consumer Lending: Outstanding Balance by Category: Value 2021-2026
Table 18 Forecast Consumer Lending: Outstanding Balance by Category: % Value Growth 2021-2026
Table 19 Forecast Consumer Lending: Gross Lending by Category: Value 2021-2026
Table 20 Forecast Consumer Lending: Gross Lending by Category: % Value Growth 2021-2026
DISCLAIMER
SOURCES
Summary 1 Research Sources