Market Research Report
Consumer Lending in Romania
|Published by||Euromonitor International||Product code||976808|
|Published||Content info||16 Pages
Delivery time: 1-2 business days
|Consumer Lending in Romania|
|Published: December 7, 2020||Content info: 16 Pages||
In 2020, the COVID-19 outbreak led to a sudden slowdown in consumer lending in Romania, 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. As a result of the extended lockdown, economic uncertainty, alarming and contradicting messages in the media, and a massive rise in unemployment, consumer credit gross lending declined. However, while non-card lending has...
Euromonitor International's Consumer Lending in Romania 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.
List OF CONTENTS AND TABLES
COVID-19 impact on consumer lending
COVID-19 country impact
Appetite for credit hit hard by huge drop in consumer confidence
Mortgage lending boosted by government support programmes
Ongoing digitalisation trend strengthened by pandemic
What next for consumer lending?
GLOBAL MACROECONOMIC ENVIRONMENT
GLOBAL INDUSTRY ENVIRONMENT
KEY DATA FINDINGS
Pandemic fuels fall in loan demand and rise in defaults
Auto lending impacted by major decline in new car registrations
Gradual shift towards consolidation in still highly fragmented market
RECOVERY AND OPPORTUNITIES
Strong financial aid key to recovery over forecast period
Growing competition from flexible and convenient card lending
Ongoing shift towards digitalisation