During the forecast period, consumer credit is set to maintain its upward trajectory. Within consumer credit, mortgages/housing will show relatively low growth.
Card lending is projected to increase its share of outstanding consumer credit balances. More significantly, it is expected to expand in gross lending terms within the same period.
As consumer credit is fundamentally a trust-based business, maintaining a strong reputation is essential for both banks and alternative lenders. Ensuring that customers trust their financial service provider with sensitive personal and financial data will be crucial for sustaining long-term growth and customer loyalty.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Denmark 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 Denmark, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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 definitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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