The consumer credit market in Spain

The French consumer credit market has been confronted with rising interest rates, leading to a stabilization of outstanding consumer credit at 210 billion euros in September 2023. Consumer credit market trends The consumer credit market in France is influenced by several factors, such as changes in purchasing power, interest rates and the digital evolution of financial services. Total consumer loans reached 210 billion in September 2023. However, the rise in interest rates in 2023 led to a sharp drop in growth rates for consumer credit production. The automotive sector has largely contributed to this slowdown, with car registrations expected to fall by between 10% and 14% by 2022. On the digital front, the market is undergoing accelerated digitization, as evidenced by the success of players such as Younited Credit. Amortizable loans account for some 65% to 75% of outstanding loans. Leasing has fallen by 5-6%. The profile of borrowers is diverse: 30-35% have a comfortable standard of li

Since 2020, the consumer credit market has shown signs of recovery after the initial impact of the Covid-19 pandemic, with Italy experiencing a significant growth in disbursements by +18.8% in 2021 compared to 2020, despite being -9.7%. The total disbursement to individuals in Italy amounted to 21 billion euros. The market rebound is attributed to factors such as an increased satisfaction with loan offerings, a strong recovery in car and motorcycle purchase loans boosted by eco-incentives, and a return to pre-crisis levels in sectors like furniture, appliances, and electronics. Digitization of processes has been key, as it has simplified credit access through web platforms and digital channels, with 61% of consumer credit volumes involving digital channels in Italy. However, the pandemic led to a contraction in 2020 with consumer loans dropping by -20% in April and -50%. Demand drivers include total disposable income, propensity to consume, and propensity to take on debt, with the typi

The French credit insurance market is estimated at between 10 and 12 billion euros The global credit insurance market, which includes mortgage payment protection, is valued at over $60 billion. In France, the credit insurance sector has faced major regulatory changes with the introduction of the Lemoine Law in 2022, which has affected market dynamics by allowing borrowers to change insurance providers more freely. The French credit insurance market is growing at an average annual rate of 5%. Home loans still account for a substantial share of insurance premiums. Borrowers are fully covered: death, total and irreversible loss of autonomy, disability. This shield protects almost 90% of borrowers insured for disability and death. Mortgage premiums account for over 66% of total premiums. The consumer credit market represents around 20% of the credit insurance market, and is in decline. The bancassurance model holds a dominant position in the French market, with a market share of over 83%,