Abstract
Overview
Introduction
Short report analysing the consumer credit market in Spain. Covers market
size, trend analysis, market forecasts, competitor market shares and key
regulatory and competitor developments in the market.
Scope
- Covers the consumer credit market (not including any loans secured on
property)
- Provides market sizing data in terms of gross advances and balances
outstanding
- Provides competitor market share for the top five players in terms of
balances outstanding; a short profile of the top players is also provided
- Provides competitor market share for the top five credit card lenders in
terms of balances outstanding
Report Highlights
The Spanish economy has been "booming", resulting in major growth of the
consumer credit market. However, Datamonitor believes that while Spain will
continue to see strong economic performance, thus maintaining its status as
one of the fastest growing economies in Western Europe, there will be a slight
slowdown in the near future.
Consumers in Spain borrowed more through point of sale (POS) retail finance in
2004 than any other product. Much of the POS retail finance market in Spain is
made up of private label cards, which are used for short term lending - thus
accounting for the higher proportion of gross advances compared to balances
outstanding for POS retail finance.
The rapid growth experienced in the Spanish retail finance sector has occurred
hand-in-hand with a boom in the Spanish consumer credit market as a whole,
largely buoyed by favorable economic conditions. In addition, the rise in
mortgage borrowing has further increased spending on furniture and other
household items for newly purchased properties.
Reasons to Purchase
- Learn how the Spanish consumer credit market has developed over the last
five years
- Understand the recent developments in the market in terms of regulation,
competition and product innovations
- Find out Datamonitor's opinion on the future performance of the Spanish
consumer credit market over the next five years and its future prospects
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