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Consumer Lending in Hungary

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    Report

  • 15 Pages
  • October 2022
  • Region: Hungary
  • Euromonitor International
  • ID: 1203215
Despite being hampered by a challenging geopolitical and macroeconomic environment, consumer lending in Hungary will continue to grow and evolve in 2022. Government involvement and intervention was one of the key features that supported an otherwise vulnerable industry, which is suffering under the rise of inflation and interest rates. Digitalisation and simplifying access to lending products is another major factor aiding the industry, especially in the launch of new lending products.

The Consumer Lending in Hungary 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 HUNGARY
EXECUTIVE SUMMARY
  • Consumer lending in 2022: The big picture
  • 2022 key trends - doubts around borrowing persist in an unstable economic climate
  • Price cap on mortgage loans extended by mid-2023
  • Competitive landscape becomes more concentrated as MKB and Budapest Bank merge and Sberbank exits
  • What next for consumer lending?
MARKET DATA
  • Table 1 Consumer Lending: Outstanding Balance by Category: Value 2017-2022
  • Table 2 Consumer Lending: Outstanding Balance by Category: % Value Growth 2017-2022
  • Table 3 Consumer Lending: Gross Lending by Category: Value 2017-2022
  • Table 4 Consumer Lending: Gross Lending by Category: % Value Growth 2017-2022
  • Table 5 Consumer Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2017-2022
  • Table 6 Mortgages/Housing: Non-performing vs Other Loans Outstanding Balance: % Value 2017-2022
  • Table 7 Consumer Credit: Non-performing vs Other Loans Outstanding Balance: % Value 2017-2022
  • Table 8 Card Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2017-2022
  • Table 9 Forecast Consumer Lending: Outstanding Balance by Category: Value 2022-2027
  • Table 10 Forecast Consumer Lending: Outstanding Balance by Category: % Value Growth 2022-2027
  • Table 11 Forecast Consumer Lending: Gross Lending by Category: Value 2022-2027
  • Table 12 Forecast Consumer Lending: Gross Lending by Category: % Value Growth 2022-2027
DISCLAIMER
SOURCES
  • Summary 1 Research Sources
CONSUMER CREDIT IN HUNGARYKEY DATA FINDINGS
2022 DEVELOPMENTS
  • High fluctuation of demand for credits amid increasing cost of borrowing
  • Personal credit cards are back following the lifting of the APR cap
  • Greater transparency emerging via “certified consumer-friendly” loans
PROSPECTS AND OPPORTUNITIES
  • Fear of recession and inflation quickly replaces the upbeat mood of post-COVID-19 recovery
  • Loan repayments protocol after end of moratorium remains uncertain
  • Innovative fintech solutions to provide competition to traditional banks
CATEGORY DATA
  • Table 13 Consumer Credit: Outstanding Balance by Category: Value 2017-2022
  • Table 14 Consumer Credit: Outstanding Balance by Category: % Value Growth 2017-2022
  • Table 15 Consumer Credit: Gross Lending by Category: Value 2017-2022
  • Table 16 Consumer Credit: Gross Lending by Category: % Value Growth 2017-2022
  • Table 17 Forecast Consumer Credit: Outstanding Balance by Category: Value 2022-2027
  • Table 18 Forecast Consumer Credit: Outstanding Balance by Category: % Value Growth 2022-2027
  • Table 19 Forecast Consumer Credit: Gross Lending by Category: Value 2022-2027
  • Table 20 Forecast Consumer Credit: Gross Lending by Category: % Value Growth 2022-2027