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Consumer Lending in Singapore

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    Report

  • 15 Pages
  • November 2020
  • Region: Singapore
  • Euromonitor International
  • ID: 2347452
COVID-19 and the ensuing recession have had a detrimental impact on consumer lending in Singapore, with declines in both gross lending and outstanding balance values in 2020. The impact across loan categories has been varied.

The Consumer Lending in Singapore 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

EXECUTIVE SUMMARY
  • COVID-19 impact on consumer lending
  • COVID-19 country impact
  • Auto lending dips sharply in 2020 as COVID-19 measures reduce need to commute
  • Education lending to remain resilient as COVID-19 disrupts overseas study plans
  • Loan application process for major Singapore banks simplified with MyInfo
  • What next for consumer lending?

MARKET DATA
  • Table 1 Consumer Lending: Outstanding Balance by Category: Value 2015-2020
  • Table 2 Consumer Lending: Outstanding Balance by Category: % Value Growth 2015-2020
  • Table 3 Consumer Lending: Gross Lending by Category: Value 2015-2020
  • Table 4 Consumer Lending: Gross Lending by Category: % Value Growth 2015-2020
  • Table 5 Consumer Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2015-2020
  • Table 6 Mortgages/Housing: Non-performing vs Other Loans Outstanding Balance: % Value 2015-2020
  • Table 7 Consumer Credit: Non-performing vs Other Loans Outstanding Balance: % Value 2015-2020
  • Table 8 Card Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2015-2020
  • Table 9 Forecast Consumer Lending: Outstanding Balance by Category: Value 2020-2025
  • Table 10 Forecast Consumer Lending: Outstanding Balance by Category: % Value Growth 2020-2025
  • Table 11 Forecast Consumer Lending: Gross Lending by Category: Value 2020-2025
  • Table 12 Forecast Consumer Lending: Gross Lending by Category: % Value Growth 2020-2025

DISCLAIMERGLOBAL MACROECONOMIC ENVIRONMENTGLOBAL INDUSTRY ENVIRONMENT
SOURCES
  • Summary 1 Research Sources

KEY DATA FINDINGS
2020 IMPACT
  • Gross lending sees a sharp dip in 2020 with circuit breaker measures and recession encouraging prudent spending
  • Loan deferment measures help alleviate potential rise in non-performing loans

RECOVERY AND OPPORTUNITIES
  • Gross lending expected to recover to pre-COVID-19 levels in 2023
  • Digital banks to intensify competition within local consumer banking landscape

CATEGORY DATA
  • Table 13 Consumer Credit: Outstanding Balance by Category: Value 2015-2020
  • Table 14 Consumer Credit: Outstanding Balance by Category: % Value Growth 2015-2020
  • Table 15 Consumer Credit: Gross Lending by Category: Value 2015-2020
  • Table 16 Consumer Credit: Gross Lending by Category: % Value Growth 2015-2020
  • Table 17 Forecast Consumer Credit: Outstanding Balance by Category: Value 2020-2025
  • Table 18 Forecast Consumer Credit: Outstanding Balance by Category: % Value Growth 2020-2025
  • Table 19 Forecast Consumer Credit: Gross Lending by Category: Value 2020-2025
  • Table 20 Forecast Consumer Credit: Gross Lending by Category: % Value Growth 2020-2025