Market Research Report
Spain Retail Banking: Opportunities and Risks to 2023
|Published by||GlobalData||Product code||915658|
|Published||Content info||41 Pages
Delivery time: 1-2 business days
|Spain Retail Banking: Opportunities and Risks to 2023|
|Published: October 31, 2019||Content info: 41 Pages||
Total loan balances outstanding in Spain declined from €742.5bn ($850.6bn) in 2014 to €697.3bn ($798.8bn) in 2018, a compound annual growth rate (CAGR) of -1.6%. Credit card balances outstanding was the fastest-growing credit segment during the review period, followed by personal loans and mortgage loans.
However, the Spanish government has eased loan requirements and extended the repossession period for mortgage loans. This, coupled with favorable financing conditions and easier loan acquisitions being offered by banks, should constitute a CAGR of 0.3% in loan balances outstanding between 2019 and 2023. This growth will also be driven by an increasing number of non-bank lenders and digital lending platforms breaking into the market and offering competitive interest rates as well as instant micro-consumer and SME loans.
Based on our proprietary datasets, this report analyzes the Spanish lending market, with a focus on the consumer lending segment. The report discusses in detail the credit card, personal, and mortgage loan markets, covering market size, competitors' market shares, and survey insights. The report also provides a market overview and insights on the retail deposit segment. In addition, it covers the key digital disruptors in Spain's retail lending segment.