Abstract
Overview
Introduction
Ireland has a dynamic consumer credit market and the report Consumer Credit in
Ireland 2006 looks at the reasons behind the strong growth seen in the market.
Market size, trend analysis, market forecasts, competitor market shares and
key regulatory and competitor developments in the market are all discussed.
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 Irish consumer credit market has expanded rapidly over the last few years.
The reasons for this growth are that the Irish have had an increasing appetite
for credit. This has been brought about by the Irish economy performing
extremely well over recent years and the level of disposable income rising.
Credit cards were originally used as a convenient means for high-income
consumers to settle retail transactions without the having to carry cash. Over
time, credit card usage has expanded significantly due to growing affluence in
Ireland and technological developments that have led to an increased emphasis
on electronic forms of payment.
The Irish financial services sector is viewed by foreign players as a very
attractive market, despite its small size. A strong economy and the relative
immaturity of the sector mean that profit margins and growth potential are
high. Foreign banks have entered the Irish banking market in recent years by
setting up subsidiaries or by acquisition.
Reasons to Purchase
- Learn how the Irish 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 Irish
consumer credit market over the next five years and its future prospects
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