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...
All categories, bar card lending, will record worse performances in gross lending in 2020, albeit for a variety of reasons. Auto lending was already experiencing a negative performance in 2019, which was only exacerbated by the COVID-19 outbreak in the country. People have been shifting towards used cars, which is likely to be a greater source...
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...
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...
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...
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...