The Central Bank of Turkey has expressed its intention to curtail demand for consumer loans in the near term and prioritise commercial loans to support economic development. Slowing down the value growth of consumer loans is expected to drive down inflation, which is a key objective of the Turkish government.
The transition to electric vehicles (EVs) is causing consumers to think twice about auto loans, especially with Turkey’s EV infrastructure still in the development stage. They are also concerns about the long-term cost-effectiveness and the availability of charging options for EVs.
The Buy Now Pay Later (BNPL) industry has experienced significant growth and is poised for further evolution and expansion in the future. As technology advances and consumer preferences evolve, we can expect to see continued innovation in BNPL services, including potential integration with mobile wallets and increased customisation options.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Turkey 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 Turkey, 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.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!