PROSPECTS AND OPPORTUNITIES
Moderate growth expected, spearheaded by digital loans
Over the forecast period, the key trends within consumer credit will revolve around digital loans and a slow, cautious increase in consumers' appetite for lending, which will be driving (mild) growth for gross lending. Despite ongoing cost-of-living crises, a certain level of economic stability is anticipated and, thus, for a certain part of the consumer base, positive or at least stable economic prospects will translate into a stronger consumer spending confidence.
Growth potential for durables and auto lending will continue
Growth potential for durables lending and auto lending will continue over the forecast period. Durables lending will be supported by untapped dynamics, as an element of purchases have delayed due to previous financial caution.
Further expansion of BNPL anticipated
Introduced in Greece in the second half of 2021 BNPL, while still small, is growing very quickly and this is expected to continue over the forecast period. BNPL is particularly popular with younger adult consumers who either do not have a credit card or do not wish to use a credit card due to the high interest rates and fees.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Greece 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 Greece, 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 Greece 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 Greece?
- What are the major trends key to understanding Consumer Credit in Greece?
- 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 Greece - Category analysis
KEY DATA FINDINGS
Digital loans and BNPL drive growth for gross lending
Key categories of consumer credit record mild growth
Stabilisation for outstanding balance
Moderate growth expected, spearheaded by digital loans
Growth potential for durables and auto lending will continue
Further expansion of BNPL anticipated
Consumer Lending in Greece - Industry Overview
Consumer lending in 2024: The big picture
2024 key trends
“To Spiti Mou” (“My Home”) state scheme drives demand for mortgages
BNPL services continue to expand in Greece
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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