This report provides financial indicators on the salary loans Italian market: key characteristics and drivers of the demand and supply by segment, main reasons for the trends observed, financial indicators of the sector (balance sheets, P&L, financial ratios, productivity indicators, growth rates).
A "salary loan of one-fifth" is financial product issued by banks and specialised companies. A segment of the consumer credit market, salary loans of one-fifth are classified as personal loans for unspecified purposes, i.e., they are not issued for the purchase of a specific good or service.?
This type of loan enables employees and pensioners with a fixed monthly income/pension to obtain a loan that is repaid as a direct deduction from that income/pension over a maximum period of 120 months. The deduction is legally capped at one-fifth of the individual's monthly income (hence the name "salary loan of one-fifth). In the event the employment contract is terminated, the repayment guarantee is extended to the severance indemnity pay (TFR) accrued by the borrower.
The salary loans market is segmented by type of borrower and deduction at source of the repayments, according to whether they are:
- Public-sector employees;
- Private-sector employees;
In order to draw up the Competitors report, the Databank method foresees the screening of the main realities of the sectors and various one-to-one interviews with the selected players. All this is then completed via:
- the gathering of information questionnaires that are filled out by the main companies on an annual basis;
- the checking of the gathered information by a sector expert, using a verification system that guarantees maximum reliability and consistency;
- the processing of information belonging to the Cerved Group about Italian economic realities.
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LIST OF COMPANIES ANALYSED 3
1. INTRODUCTION TO METHODOLOGY 4
2. SECTOR DESCRIPTION 5
2.1. Scope 5
2.2. Segments 6
3. DEMAND ANALYSIS 7
4. SUPPLY ANALYSIS 11
4.1. Key characteristics 11
4.2. Sector financials 12
CONNECTED PRODUCTS AND SERVICES 23
List of Tables and Graphs:
CONSUMER CREDIT: VALUE OF LOANS ISSUED BY BUSINESS LINE AND SEGMENT, 2006-2010
CONSUMER CREDIT: LENDING IN ITALY BY SEGMENT, 2010
NON-SPECIFIC LOANS BY SEGMENT, ITALY, 2010
CONSUMER CREDIT: AGGREGATE INCOME STATEMENT, 2007-2009
CONSUMER CREDIT: AVERAGE TOTAL EFFECTIVE PERCENTAGE RATE OF CHARGE (TEG) DISCLOSED PURSUANT TO THE LAW ON USURY, DISCOUNT RATE AND EURIBOR, 2007-1H2009
CONSUMER CREDIT: AVERAGE TOTAL EFFECTIVE PERCENTAGE RATE OF CHARGE (TEG)(a) DISCLOSED PURSUANT TO THE USURY LAW, DISCOUNT RATE AND EURIBOR, 2H2009 & 2010
SALARY LOANS OF ONE-FIFTH: PERCENTAGE OF TOTAL INCOME(a)/TOTAL ASSETS RATIO AND OPERATING INCOME/TOTAL ASSETS, 2009-2010
SALARY LOANS OF ONE-FIFTH: PERCENTAGE OF COMMISSION INCOME/TOTAL INCOME(a), 2009-2010
SALARY LOANS OF ONE-FIFTH: PERCENTAGE OF OPERATING COSTS(a)/TOTAL INCOME(b), 2009-2010
SALARY LOANS OF ONE-FIFTH: PERCENTAGE OF PERSONNEL COSTS/TOTAL INCOME(a), 2009-2010
SALARY LOANS OF ONE-FIFTH: AVERAGE EMPLOYEE COST, 2009-2010
SALARY LOANS OF ONE-FIFTH: REPORTED NET INCOME, 2008-2010
SALARY LOANS OF ONE-FIFTH: KEY FINANCIAL INDICATORS, 2008-2010
3F FINANZIAMENTI S.P.A.
APULIA PRONTOPRESTITO S.P.A.
B.N.L. FINANCE S.P.A.
B@NCA 24-7 S.P.A.
BANCA DELLE MARCHE S.P.A.
BANCA DI CREDITO POPOLARE SCPA
BANCA DI SASSARI S.P.A.
BANCA POPOLARE DELL'EMILIA ROMAGNA SC
BANCA POPOLARE DI MILANO SOC.COOP.A R.L.
BANCO DI DESIO E DELLA BRIANZA SPA
BANCO DI SARDEGNA S.P.A.
BANCO POPOLARE SC
BARCLAYS FAMILY S.P.A.
C.I.F. CENTRO ITALIANO FINANZIARIO S.R.L.
CASSA DI RISPARMIO DELLA PROVINCIA DI CHIETI S.P.A.
CONAFI PRESTITO' S.P.A.
CREDITIS SERVIZI FINANZIARI S.P.A.
DEUTSCHE BANK S.P.A.
ELLENICA FINANZIARIA S.P.A.
FAMILY CREDIT NETWORK S.P.A.
FIDES - ENTE COMMISSIONARIO PER FACILITAZIONI RATEALI AI LAVORATORI SPA
FIN SOLUTION ITALIA S.P.A.
FUTURO S.P.A. - CON SOCIO UNICO
IBL FAMILY S.P.A.
INTESA SANPAOLO SPA
KENT FINANZIARIA S.R.L.
MONEY SERVICE DI MARCO BENETTI E C SAS
NEOS FINANCE S.P.A.
PITAGORA FINANZIAMENTI CONTRO CESSIONE DEL QUINTO S.P.A.
POSTE ITALIANE SPA
SANTANDER CONSUMER BANK S.P.A.
VALLELONGA SERVIZI FINANZIARI S.P.A.
VENETO BANCA S.P.A.