Over the forecast period, home lending will be supported by the ongoing home ownership initiatives in the Kingdom, as citizens buying house will most likely need loans to furnish them exquisitely and expensively – as is the norm and local trend. The same will also support the performance of durables lending.
Despite rising fuel prices and other economic pressures, the automotive sector is still considered to be a significant industry in Saudi Arabia. The Kingdom of Saudi Arabia is considered a wealthy territory with a notable number of high-net-worth individuals, and many of these citizens enjoy expensive cars.
Card lending will be supported over the forecast period by the evolution seeing in digitisation and the growth of e-wallets, with a large part of Vision 2030 focused on developments in the KSA’s digital payments landscape. In turn, this will support the application of card lending.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Saudi Arabia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Saudi Arabia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See All of Our DefinitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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