Consumer Lending in the United Arab Emirates

Description

Despite rising inflation, increasing mortgage rates and interest rates, consumer lending in the United Arab Emirates remains buoyant in 2023. The local economy's recovery and expansion are influencing the momentum of consumer lending, but geopolitical tension and financial market turbulence may have an impact. The banking sector in the United Arab Emirates is expected to maintain a stable outlook for the remainder of 2023, with the nation being among the largest financial centres in the Middle E...

Euromonitor International's Consumer Lending in United Arab Emirates 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.

Product coverage: Consumer Credit, Mortgages/Housing.

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 Lending 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.

Product Code: FCUAcl

List Of Contents And Tables

EXECUTIVE SUMMARY

Consumer lending in 2023: The big picture
Active real estate investment favours growth of mortgages/housing
Buy Now Pay Later platforms strengthen case for digital payment alternatives
What next for consumer lending?

MARKET DATA

Table 1 Consumer Lending: Outstanding Balance by Category: Value 2018-2023
Table 2 Consumer Lending: Outstanding Balance by Category: % Value Growth 2018-2023
Table 3 Consumer Lending: Gross Lending by Category: Value 2018-2023
Table 4 Consumer Lending: Gross Lending by Category: % Value Growth 2018-2023
Table 5 Consumer Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
Table 6 Mortgages/Housing: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
Table 7 Consumer Credit: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
Table 8 Card Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
Table 9 Forecast Consumer Lending: Outstanding Balance by Category: Value 2023-2028
Table 10 Forecast Consumer Lending: Outstanding Balance by Category: % Value Growth 2023-2028
Table 11 Forecast Consumer Lending: Gross Lending by Category: Value 2023-2028
Table 12 Forecast Consumer Lending: Gross Lending by Category: % Value Growth 2023-2028

DISCLAIMER

SOURCES

Summary 1 Research Sources

CONSUMER CREDIT IN THE UNITED ARAB EMIRATES

KEY DATA FINDINGS

2023 DEVELOPMENTS

Card lending records substantial growth despite rise in interest rates
Leading banks prioritise new product development, accelerate partnerships as competition from BNPL continues to heighten
Interest-free periods and deferred payment options keep auto lending in motion

PROSPECTS AND OPPORTUNITIES

Continuous measures to push lending will increase liquidity and credit risks in the local market
Greater probability of improved consumption in local market set to support stable growth
Embedded finance solutions likely to emerge across spending verticals

CATEGORY DATA

Table 13 Consumer Credit: Outstanding Balance by Category: Value 2018-2023
Table 14 Consumer Credit: Outstanding Balance by Category: % Value Growth 2018-2023
Table 15 Consumer Credit: Gross Lending by Category: Value 2018-2023
Table 16 Consumer Credit: Gross Lending by Category: % Value Growth 2018-2023
Table 17 Forecast Consumer Credit: Outstanding Balance by Category: Value 2023-2028
Table 18 Forecast Consumer Credit: Outstanding Balance by Category: % Value Growth 2023-2028
Table 19 Forecast Consumer Credit: Gross Lending by Category: Value 2023-2028
Table 20 Forecast Consumer Credit: Gross Lending by Category: % Value Growth 2023-2028