PROSPECTS AND OPPORTUNITIES
Consumer credit is expected maintain growth at moderate levels
Consumer credit is expected to maintain growth in the following years, at moderate levels. This is because the Peruvian economy will continue to improve during the evaluation period and, therefore, there will be greater willingness to request consumer lending due to consumer confidence.
Municipal Savings Banks will continue to be dynamic, incorporating credit cards and innovating in technology
Municipal Savings Banks continue to make efforts to develop and offer consumer credit solutions within the reach of their clients. The low growth they experienced in 2024, due to the economic difficulties of their clients and the increase in defaults, drives municipal banks to look for alternatives to improve their client portfolios.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Peru 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 Peru, 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 Peru 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 Peru?
- What are the major trends key to understanding Consumer Credit in Peru?
- 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 Peru - Category analysis
KEY DATA FINDINGS
Consumer credit shows moderate growth in 2024 due to customer caution and greater rigour in evaluations
Consumer loan defaults have increased due to economic difficulties experienced in the 2023 recession and high interest rates
There is greater rigour in the evaluation of the credit profile of clients, under SBS supervision, which results in fewer loans granted
Consumer credit is expected maintain growth at moderate levels
Municipal Savings Banks will continue to be dynamic, incorporating credit cards and innovating in technology
Consumer Lending in Peru - Industry Overview
Consumer lending in 2024: The big picture
2024 key trends
Mortgages/housing shows robust growth in gross lending, with outstanding balance more moderate
BNPL is still an emerging service in Peru, but it is expected to become more dynamic in time
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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