PROSPECTS AND OPPORTUNITIES
Sustainability and “green” banking will become increasingly important
The concept of “green” banking and sustainability in the finance and banking industry is growing at a fast rate, with both local and global banks operating in Egypt working hard to introduce new and innovative ways to incorporate “green” and sustainable efforts. Indeed, the Central Bank of Egypt initially started this journey in 2019 and, by the start of 2023, the new list of binding regulations was released to include sustainable finance policies into banks’ credit and investment policies, through the relevant departments, along with committing banks to annual sustainability reports and to consulting environmental experts to further enhance their scoring.
Innovative and convenient partnerships allow for further growth in BNPL
Buy Now, Pay Later (BNPL) continues to cultivate its presence in Egypt. Prior to BNPL, the majority of Egyptian consumers depended on informal credit, mostly relying on merchants granting the service, or product with consumers writing “promise cheques” and “guarantee notes” as the higher percentage of Egyptians were unbanked.
The future of consumer credit is shaped by fintech in Egypt
Fintech Egypt, an initiative by the Central Bank of Egypt, focussing on innovation and strategy, launched a digital academy aimed at upskilling the workforce in the banking, financial, and fintech sectors. This initiative aligns with the broader objective of enhancing financial inclusion efforts, generating employment opportunities, and advancing the financial sector.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Egypt with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Egypt, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Consumer Credit in Egypt report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Consumer Credit in Egypt?
- What are the major trends key to understanding Consumer Credit in Egypt?
- How has COVID-19, recession and macroeconomic volatility impacted the market?
- How long will the market take to recover? What are the opportunities now?
- How will political context and shifting cultural values shape future growth?
- Where is future growth expected to be most dynamic?
Consumer Credit in Egypt - Category analysis
KEY DATA FINDINGS
Rising financial inclusion further enhances the consumer credit industry
Internet penetration in Egypt also supports growth in consumer credit
The Central Bank of Egypt announces a new interest rate on consumer loans
Sustainability and “green” banking will become increasingly important
Innovative and convenient partnerships allow for further growth in BNPL
The future of consumer credit is shaped by fintech in Egypt
Consumer Lending in Egypt - Industry Overview
Consumer lending in 2024: The big picture
2024 key trends
Housing lending and mortgages on the rise, as the real estate industry becomes a reliable investment
BNPL continues to cultivate its presence in Egypt
What next for consumer lending?
DISCLAIMER
The following categories and subcategories are included:
Consumer Credit
- Auto Lending
- Card Lending
- Durables Lending
- Education Lending
- Home Lending
- Other Personal Lending
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Consumer Credit research and analysis database.
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