Chile's economy faces challenges as bank credit declined in 2022, the most negative annual variation in 30 years. The economic slowdown stems from a gradual adjustment to previous macroeconomic imbalances, with range projections of -0.
The Chilean economy faces unique challenges while exploring avenues for growth. Inflation has been on the decline, but core inflation shows resilience.
Financial inclusion in Chile is witnessing significant advancements, particularly in the context of Latin America. The banking sector has played a crucial role in this progress, with the number of bank accounts experiencing further growth.
The Fintech Law heralds a transformative era in Chile's financial sector, encouraging innovation and competition while ensuring customer protection.
The Central Bank of Chile foresees a decrease in inflation, converging to its target in the second half of 2024. Private consumption is expected to decline by 4.
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Understand the latest market trends and future growth opportunities for the Consumer Lending industry in Chile 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 Lending industry in Chile, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Lending
Aggregate of Consumer Credit and Mortgages/Housing. Gross Lending: The total value of loans advanced by institutions in a given year; data refers to single year only. Outstanding Balance: The collective amount owed by borrowers at the end of a given year; data refers to the cumulative impact of debt.
See All of Our DefinitionsThis report originates from Passport, our Consumer Lending research and analysis database.
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