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...
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...
Taiwan has so far managed to successfully contain the spread of COVID-19 which has helped to lessen the impact on the country’s economy, albeit GDP is still expected to contract by 1.8% in 2020. Nevertheless, with social distancing in place, strict border controls and job and wage insecurity, many consumers have been reticent in taking on...
The presence of the COVID-19 virus in the Philippines has had a strong influence on the country’s consumer lending industry. The negative economic impact of the pandemic and the economic uncertainty that has emerged in its wake have led to significant pressure coming on the household finances of much of the country’s population. Consumer...
COVID-19 and the measures being taken to contain its spread are having a significant impact on Indonesia’s economy, with GDP set to contract by 1.5% in 2020 after growth of 5% in 2019. Private consumption accounts for around 60% of GDP, but with stores and businesses closed for at least part of the year and travel plans put on hold consumer...
The COVID-19 pandemic started to impact Brazil in March 2020. The first two months of 2020 were marked by an overall positive performance in both gross lending and outstanding balance. However, with the rapid increase in the number of cases throughout the country, quarantine restrictions were imposed in specific regions, rather than in the...
COVID-19 and the ensuing recession have had a detrimental impact on consumer lending in Singapore, with declines in both gross lending and outstanding balance values in 2020. The impact across loan categories has been varied. Consumer Lending in Singapore report establishes the size and structure of the market for ATMs cards, smart...
United States (US) Retail Banking 2020 - Review, Forecasts, and Future Opportunities Summary This report explores trends in the US retail banking sector and offers insight into consumer preferences and behaviors.It highlights some of the most important data points available on the performance of...
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,...