PROSPECTS AND OPPORTUNITIES
Solid growth in gross lending projected for all categories
Consumer credit in the Czech Republic looks set to see total gross lending and the overall outstanding balance increase steadily in current value terms throughout the forecast period. Demand for all types of loans is anticipated to remain robust as the further expansion of the country’s economy, a more stable inflationary environment and lower interest rates continue to strengthen consumer sentiment.
Popularity of BNPL services will temper expansion of card lending
The projected decline in the outstanding balance on card lending over the forecast period is also explained by the increasing availability and uptake of BNPL services in the Czech Republic. Interest-free instalments and lower fees make this payment method more economical than financing purchases with credit cards.
CCD II should strengthen consumer trust in industry standards
EU Directive 2023/2225 – commonly known as the revised Consumer Credit Directive or CCD II – must be transposed into national law in all Member States by the end of 2025. This legislative act aims to modernise and strengthen consumer protections in the area of credit agreements.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Czech Republic 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 Czech Republic, 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 Czech Republic 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 Czech Republic?
- What are the major trends key to understanding Consumer Credit in Czech Republic?
- 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 the Czech Republic - Category analysis
KEY DATA FINDINGS
Card lending slows as cost-of-living pressures ease
Improved macroeconomic climate boosts non-card lending
Traditional lenders face growing threat from neobanks and fintechs
Solid growth in gross lending projected for all categories
Popularity of BNPL services will temper expansion of card lending
CCD II should strengthen consumer trust in industry standards
Consumer Lending in the Czech Republic - Industry Overview
Consumer lending in 2024: The big picture
Digitalisation trend continues to gain momentum
Interest rate cuts bolster mortgage applications and refinancing
Uptake of BNPL services remains strong
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?
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This report originates from Passport, our Consumer Credit research and analysis database.
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