PROSPECTS AND OPPORTUNITIES
Affordable education lending remains a top priority
Education lending through Diákhitel Központ Zrt, the state-owned institution, remains the sole source of supplementary funding for students, offering highly favourable conditions that are well below the costs of alternative funding options available on the market. This programme is expected to continue as the key element of education lending due to its success and relevance.
Proactive measures to manage non-performing loans is essential
Timely and early loan repayment is crucial for avoiding foreclosures and personal bankruptcies. Managing non-performing loans should remain a priority, especially if interest rates—and consequently monthly instalments—rise again and challenge borrowers to repay their debts.
Repayment easing for families taking government supported loans
Borrowers of CSOK (Family Housing Support Programme) whose five-year term was set to expire after 1 July 2024, and who have not yet had a child, will be granted an extension of up to two years. This extension applies to those who took out the loan between 2019 and 2021, setting the new deadline for 1 July 2026.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Hungary 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 Hungary, 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 Hungary 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 Hungary?
- What are the major trends key to understanding Consumer Credit in Hungary?
- 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 Hungary - Category analysis
KEY DATA FINDINGS
Improved consumer sentiment encourages borrowing
Durables lending sees a boost from BNPL
MBH Bank acquires Fundamenta building society
Affordable education lending remains a top priority
Proactive measures to manage non-performing loans is essential
Repayment easing for families taking government supported loans
Consumer Lending in Hungary - Industry Overview
Consumer lending in 2024: The big picture
2024 key trends
Improved mortgage outlook following challenging 2023 performance
BNPL emerges as a financing option in Hungary
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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