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Consumer Credit in the Philippines

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    Report

  • 15 Pages
  • November 2023
  • Region: Philippines
  • Euromonitor International
  • ID: 1572786
Towards the end of the review period consumer loans has shown continuous current value growth. In 2023, current value growth is being driven by credit cards and various personal lending options, particularly salary-based general purpose loans. Meanwhile, the performances of some categories, such as auto and home lending, have come under pressure, partly due to the higher interest rates introduced during the year.

The Consumer Credit in Philippines report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Auto Lending, Card Lending, Durables Lending, Education Lending, Home Lending, Other Personal Lending.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Consumer Credit market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

CONSUMER CREDIT IN THE PHILIPPINESKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Pandemic impact still seen in consumer loans performance
  • Mobile wallets provide attractive loan offers
  • Programmes and innovations to improve the offer and customer service
PROSPECTS AND OPPORTUNITIES
  • BNPL companies to strengthen their strategies to win over consumers in a highly competitive field
  • High interest rates affect the paying off of loans
  • Bank lending slows down
CATEGORY DATA
  • Table 1 Consumer Credit: Outstanding Balance by Category: Value 2018-2023
  • Table 2 Consumer Credit: Outstanding Balance by Category: % Value Growth 2018-2023
  • Table 3 Consumer Credit: Gross Lending by Category: Value 2018-2023
  • Table 4 Consumer Credit: Gross Lending by Category: % Value Growth 2018-2023
  • Table 5 Forecast Consumer Credit: Outstanding Balance by Category: Value 2023-2028
  • Table 6 Forecast Consumer Credit: Outstanding Balance by Category: % Value Growth 2023-2028
  • Table 7 Forecast Consumer Credit: Gross Lending by Category: Value 2023-2028
  • Table 8 Forecast Consumer Credit: Gross Lending by Category: % Value Growth 2023-2028
CONSUMER LENDING IN THE PHILIPPINES
EXECUTIVE SUMMARY
  • Consumer lending in 2023: The big picture
  • 2023 key trends
  • Higher interest rates and rising house prices hinder mortgage demand while auto lending struggles to recover
  • BNPL players look to enhance their offer to tap into a large potential market
  • What next for consumer lending?
MARKET DATA
  • Table 9 Consumer Lending: Outstanding Balance by Category: Value 2018-2023
  • Table 10 Consumer Lending: Outstanding Balance by Category: % Value Growth 2018-2023
  • Table 11 Consumer Lending: Gross Lending by Category: Value 2018-2023
  • Table 12 Consumer Lending: Gross Lending by Category: % Value Growth 2018-2023
  • Table 13 Consumer Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
  • Table 14 Mortgages/Housing: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
  • Table 15 Consumer Credit: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
  • Table 16 Card Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
  • Table 17 Forecast Consumer Lending: Outstanding Balance by Category: Value 2023-2028
  • Table 18 Forecast Consumer Lending: Outstanding Balance by Category: % Value Growth 2023-2028
  • Table 19 Forecast Consumer Lending: Gross Lending by Category: Value 2023-2028
  • Table 20 Forecast Consumer Lending: Gross Lending by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources