PROSPECTS AND OPPORTUNITIES
Economic growth will spur demand for consumer credit
In the upcoming years, Romania is expected to benefit from real wage growth, falling inflation, and a slower pace of unit price growth compared to the review period. Consumer confidence is predicted to rise as the financial situation of consumers improves, leading to steady growth in card lending but at a slower pace than during the peak years of inflation in 2022-3.
Fintech providers likely to expand their presence
The consumer lending space is set to witness a growing influx of fintech providers, following the pioneering example set by Revolut. These fintech companies are expected to disrupt the traditional lending landscape, offering innovative solutions and enhanced accessibility to credit for consumers.
BNPL to become a key product for younger generations
BNPL and online loans will start to displace credit card lending over the forecast period. Younger generations that need to access consumer credit will become accustomed to the ease of BNPL loans, while a credit card will likely be perceived as less convenient and more difficult within this consumer base.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Romania 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 Romania, 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 Romania 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 Romania?
- What are the major trends key to understanding Consumer Credit in Romania?
- 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 Romania - Category analysis
KEY DATA FINDINGS
Economic recovery supports demand for higher ticket items
Consumers’ ability to pay back debt improves
Competitive activity is set to intensify
Economic growth will spur demand for consumer credit
Fintech providers likely to expand their presence
BNPL to become a key product for younger generations
Consumer Lending in Romania - Industry Overview
Consumer lending in 2024: The big picture
2024 key trends
Mortgages see mild recovery as challenges remain
Growing interest in BNPL solidifies
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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