Germany is the fourth-largest economy in the world
and the country’s economy is developed on the concept of the social
market economy. The German government’s universal education policy
displays the highest literacy rate with educated people good at handling
numbers, more engineers, chemist, opticians, skilled factory workers
and managers, knowledgeable farmers and skilled military personnel which
boost financial system of the country. The secured economy in Germany
motivated consumer lending in 2016. Introduction of consumer lending
helped overall consumer lending sector to record strong growth in terms
of gross lending.Less of unemployment resulted in gross income for
majority of the consumers. The positive consumer confidence led to
increase in consumer lending. A double-digit growth rate was registered
with consumer lending for mortgages and home loans. Online banking
facility helped the consumers to compare the lending facility with other
banks and accept loans instantly.
Lower mortgage interest rates helped the consumers for an early payoff and this trend fueled the stable economic situation and low unemployment. Consumer lending in Germany is projected to record a short-term massive growth with its low interest rates. However, the long-term goals of consumer lending are depressing with the rise in interest rates and increase in ageing population.
The stable economy in Germany increased consumer creditwhich helped overall consumer lending to record enormous growth in terms of lending. In the year 2016, Germans financed almost everything with a loan and the growth was registered across all consumer lending categories.The consumer lending growth is the most promising growth with an average annual growth rate of 95%.The key driving factors that reshaped the Germany consumer lending market are changes in economic conditions, development of new technological solutions, the growth and acceptance of online lending.
The financial industrywitnessed crisis that led to improvement in the banking sector. Digitalization led to cost reduction and improved customer targets. Financial sector developed additional regulations to ensure consumers are adequately protected which is more important now-a-days. The consumer credit will reach the highest levels and banks will continue to grow in mortgage-lending as house prices will rise and write-off risk will decrease. This is a good sign of healthy recovery; while business lending will reach new heights.
Topics Covered in The Report
https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/consumer-lending-germany/100757-93.html
Related reports
Consumer Lending in Vietnam
Consumer Lending in Vietnam
Contact:
Ken Research
Ankur Gupta,
Head Marketing & Communications
query@kenresearch.com
+91-124- 4230204
www.kenresearch.com
Lower mortgage interest rates helped the consumers for an early payoff and this trend fueled the stable economic situation and low unemployment. Consumer lending in Germany is projected to record a short-term massive growth with its low interest rates. However, the long-term goals of consumer lending are depressing with the rise in interest rates and increase in ageing population.
The stable economy in Germany increased consumer creditwhich helped overall consumer lending to record enormous growth in terms of lending. In the year 2016, Germans financed almost everything with a loan and the growth was registered across all consumer lending categories.The consumer lending growth is the most promising growth with an average annual growth rate of 95%.The key driving factors that reshaped the Germany consumer lending market are changes in economic conditions, development of new technological solutions, the growth and acceptance of online lending.
The financial industrywitnessed crisis that led to improvement in the banking sector. Digitalization led to cost reduction and improved customer targets. Financial sector developed additional regulations to ensure consumers are adequately protected which is more important now-a-days. The consumer credit will reach the highest levels and banks will continue to grow in mortgage-lending as house prices will rise and write-off risk will decrease. This is a good sign of healthy recovery; while business lending will reach new heights.
Topics Covered in The Report
- Consumer lending in Germany
- Germany consumer lending sector
- Germany financial sector analysis
- Germany banking and financial market
- Consumer landing forecast Germany
- Germany consumer lending market size
- Germany consumer lending Market Research Report,
- Germany consumer lending Market Trends,
- Germany consumer lending Market Share,
- Germany consumer lending Market Growth,
- Germany consumer lending Market Future,
- Germany consumer lending Market Developments,
- Germany consumer lending Market Companies Revenue,
- Germany consumer lending Market Outlook,
- Germany consumer lending Industry Analysis,
- Germany consumer lending Market Outlook,
- Germany consumer lending Market Future Projections,
- Germany banking and financial market Research
- Germany banking and financial market analysis
- Germany banking and financial market trends
https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/consumer-lending-germany/100757-93.html
Related reports
Consumer Lending in Vietnam
Consumer Lending in Vietnam
Contact:
Ken Research
Ankur Gupta,
Head Marketing & Communications
query@kenresearch.com
+91-124- 4230204
www.kenresearch.com
