In 2020, the COVID-19 outbreak led to a sudden slowdown in consumer lending in Austria, with the pandemic significantly reducing appetite among consumers to take on debt. Declining incomes and rising uncertainty over economic prospects also negatively impacted demand for loans. Consumer Lending in Austria report establishes the size...
In 2020, the COVID-19 outbreak led to a sudden slowdown in consumer lending in Denmark. This was due to the immediate economic impact of the pandemic, which significantly reduced inclination among consumers to take on debt. Income losses and a high level of uncertainty over economic prospects as a result of the pandemic swiftly reduced demand...
The emergence of COVID-19 in France and the subsequent lockdown beginning in March 2020 introduced by the government in an attempt to halt the spread of the virus weakened consumer sentiment due to rising unemployment and decreasing disposable incomes. Consumer Lending in France report establishes the size and structure of the market...
The Coronavirus (COVID-19) epidemic is striking hard in Spain, leading to severe impacts on the economy and personal and household budgets. Many businesses were forced to close by the measures taken to combat the spread of the virus, whilst unemployment levels are anticipated to witness significant increases in 2020. Consumers are less likely...
New Zealand Retail Banking, 2020 Update - Review, Forecasts and Future Opportunities Summary Growth in New Zealand’s retail banking sector has been strong over the past decade. COVID-19 threatens to impact growth in 2020, but clear and coherent government policy as well as organized track and trace...
2020 was a mixed year for consumer lending. COVID-19 has meant that, in general, gross lending slowed down, particularly as mortgages had already started experiencing a slowdown as a result of social unrest towards the end of 2019. Furthermore, the market struggled with uncertainty caused by the expected resurgence in March as well as the...
Negative growth was recorded across the Peruvian consumer lending industry during 2020 as the COVID-19 pandemic had a very detrimental impact on the willingness of people to borrow money. Consumer Lending in Peru report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards,...
The COVID-19 pandemic definitely had a strong influence on Ukraine’s consumer lending market during 2020. In particular, the economic uncertainty that has emerged in the wake of pandemic has discouraged banks from issuing new loans. This reluctance to lend unfortunately come at time of increased demand for consumer credit among Ukrainians...
The COVID-19 pandemic exerted a strong and wholly adverse impact on the Israeli economy during 2020, although the influence of the pandemic on consumer lending was rather more complex and not entirely negative. Among the main factors that emerged during the year to influence the consumer lending market was the dramatic spike seen in the unemployment...
Morocco’s consumer lending market recorded positive growth in outstanding balance and gross lending terms in 2020, although at a slower pace than what was recorded in 2019. The COVID-19 pandemic made many people more reluctant to engage with consumer credit, while at the same time encouraging others to borrow money as a way of supporting their...