IntroductionShort report analyzing the consumer credit market in Italy.
Covers market size, trend analysis, market forecasts, competitor market shares and key regulatory and competitor developments in the market.ScopeCovers the consumer credit market (not including any loans secured on property)Provides market sizing data in terms of gross advances and balances outstandingProvides competitor market share for the top five players in terms of balances outstanding; a short profile of the top players is also providedProvides competitor market share for the top five credit card lenders in terms of balances outstandingHighlightsThe Italian consumer credit market has seen strong growth over the last five years, with both gross advances and balances outstanding rising at fast rates.
However, the consumer credit market has not been growing as quickly as the Italian mortgage market.The key factors contributing to growth in the Italian market have been a low base rate and a low level of indebtedness.
However, an inefficient legal system and a resistance to borrowing held the market back from growing even faster.The Italian market is small and relatively under-exploited compared to the rest of Western Europe.
However, recent years have seen tremendous growth in particular with credit cards and point of sale finance with many banks looking to take advantage of this unexploited market.Reasons to PurchaseLearn how the Italian consumer credit market has developed over the last five yearsUnderstand the recent developments in the market in terms of regulation, competition and product innovationsFind out Datamonitor's opinion on the future performance of the Italian consumer credit market over the next five years and its future prospects