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Consumer Lending in Austria

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    Report

  • 13 Pages
  • December 2023
  • Region: Austria
  • Euromonitor International
  • ID: 2398471
Loans became more expensive for consumers in 2023, as a result of the European Central Bank's interest rate policy, with rates rising in response to high inflation in the EU since the energy crisis broke out in 2022 and the war in Ukraine began. The European Central Bank’s key interest rate sat at historic lows of 0% for years, but saw a total of ten increases between July 2022 and September 2023, before ultimately reaching 4.5%.

The Consumer Lending in Austria 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: Consumer Credit, Mortgages/Housing.

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 Lending 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 LENDING IN AUSTRIA
EXECUTIVE SUMMARY
  • Consumer lending in 2023: The big picture
  • 2023 key trends
  • More difficult access to housing loans takes full effect
Austrians remain relatively cautious about BNPL
  • What next for consumer lending?
MARKET DATA
  • Table 1 Consumer Lending: Outstanding Balance by Category: Value 2018-2023
  • Table 2 Consumer Lending: Outstanding Balance by Category: % Value Growth 2018-2023
  • Table 3 Consumer Lending: Gross Lending by Category: Value 2018-2023
  • Table 4 Consumer Lending: Gross Lending by Category: % Value Growth 2018-2023
  • Table 5 Consumer Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
  • Table 6 Mortgages/Housing: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
  • Table 7 Consumer Credit: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
  • Table 8 Card Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
  • Table 9 Forecast Consumer Lending: Outstanding Balance by Category: Value 2023-2028
  • Table 10 Forecast Consumer Lending: Outstanding Balance by Category: % Value Growth 2023-2028
  • Table 11 Forecast Consumer Lending: Gross Lending by Category: Value 2023-2028
  • Table 12 Forecast Consumer Lending: Gross Lending by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources
CONSUMER CREDIT IN AUSTRIAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Weak consumer mood due to higher interest rates
  • Borrowers are under pressure
  • Home lending is badly affected by the unfavourable economy
PROSPECTS AND OPPORTUNITIES
  • Brighter outlook is anticipated amid continued uncertainty
  • Moderate outlook in car lending
  • Borrowers are becoming more open to alternatives
CATEGORY DATA
  • Table 13 Consumer Credit: Outstanding Balance by Category: Value 2018-2023
  • Table 14 Consumer Credit: Outstanding Balance by Category: % Value Growth 2018-2023
  • Table 15 Consumer Credit: Gross Lending by Category: Value 2018-2023
  • Table 16 Consumer Credit: Gross Lending by Category: % Value Growth 2018-2023
  • Table 17 Forecast Consumer Credit: Outstanding Balance by Category: Value 2023-2028
  • Table 18 Forecast Consumer Credit: Outstanding Balance by Category: % Value Growth 2023-2028
  • Table 19 Forecast Consumer Credit: Gross Lending by Category: Value 2023-2028
  • Table 20 Forecast Consumer Credit: Gross Lending by Category: % Value Growth 2023-2028