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.
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.
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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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.
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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