Abstract
Overview
Introduction
As the UK market has become increasingly saturated and competitive, lenders
are finding less space to grow and achieve high margins. One option is for
lenders to look for new opportunities in foreign consumer credit markets. Yet
entering a new market is never straightforward and does come with a number of
risks. Still, for some lenders, taking the risk can be significantly
worthwhile.
Scope
- Provides a number of case studies where UK lenders have gone into new
markets abroad and have succeeded, analyzing their strategy and strengths.
- Discusses how the UK consumer credit market is performing against its
Western European counterparts and the reasons why.
- Presents insight on which new markets lenders are venturing into and how
they are doing it.
Report Highlights
The UK consumer credit market is the most mature in Europe, with the highest
penetration of consumer credit balances outstanding as a proportion of GDP. In
addition, new lending in the UK consumer credit market has performed poorly in
comparison to the majority of other Western European markets over the past few
years.
Many Western European markets remain less penetrated and less competitive than
the UK. Indeed, a number of international players - such as the Royal Bank of
Scotland, MBNA, and Barclaycard - have expanded their operations to new
Western European markets, where they have taken advantage of their experience
in a younger and faster growing market.
Turkey' s consumer credit market has much potential. An increasing number of
foreign players are becoming involved in the Turkish consumer credit market,
and - with indication that at some point Turkey will gain accession to the EU
- this market could be a great boon to those lenders that penetrate the market.
Reasons to Purchase
- Gain a thorough understanding of the dynamics facing lenders in the UK
consumer credit market and what they can do about it.
- Understand where the new opportunities lie for UK lenders.
- Incorporates primary interviews from industry experts and secondary data
from a wide range of sources.
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