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 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.
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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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.
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 definitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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