Summary

Retail Lending in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

- This retail lending market profile covers the mortgage and consumer credit market.
- The UK retail lending market had total balances outstanding of $2,350.2 billion in 2021, representing a compound annual growth rate (CAGR) of 3.2% between 2016 and 2021.
- The mortgage credit segment accounted for the largest share of the market’s balances outstanding in 2021, with total balances outstanding of $2,144.1 billion, equivalent to 91.2% of the market's overall value.
- The market recorded consistent growth over 3% in the years preceding 2020, largely driven by consistently low interest rates over the period.

Scope

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This report provides in-depth analysis into the financial services strategies of technology companies. We look at their paths up until now, the products and services they have developed, their likely next moves, and how effective they will be at displacing the primary account relationship incumbent banks currently hold.

The increasing role technology plays in 21st century life has led to the banking sector being the latest industry to be disrupted. This has led traditional incumbent banks to make technology a key part of their strategic goals, including dedicated technology departments and chief technology officers as well as partnerships with technology giants. As technology and particularly data play an even greater role in financial services, it has become apparent that very little stands in the way of technology giants offering financial services themselves. They have the reach, resources, and brand to entice customers, who are more willing than ever to try new offerings due to the stagnant levels of service they have received over the last two decades.

Scope <...

Summary

Canada’s total loan balances outstanding (including credit card balances, personal loan balances, and residential mortgage balances outstanding) recorded a healthy compound annual growth rate (CAGR) of 4.8% during 2014-18 to reach C$2.2tn ($1.6tn). Credit card balances outstanding was the fastest-growing credit segment during the review period. The burden of household debt to GDP is growing in Canada, primarily on account of rising mortgage debt and low interest rates. Mortgage loans accounted for nearly three quarters of the total loan balances in Canada.

In addition, household savings as a percentage of GDP stood at 5.2% in 2018 - lower than many developed countries including Germany (11.6%), the US (9.2%), France (7.9%), and Italy (6.7%). The low savings rate is the result of Canadians using a portion of their earnings to repay debt. Furthermore, Canada has started observing decelerating economic growth, primarily due to low levels of investment and household consumption, which is expected to create an uncertain economic environment. Consequently,...

Summary

The majority of New Zealand’s loan balances outstanding are from home loans, with residential mortgage balances outstanding accounting for 88.7% of total balances outstanding in 2018, followed by personal loans (8.7%) and credit cards (2.5%). However, high household debt and low consumer confidence are expected to negatively affect the growth of total loan balances outstanding in the coming years. As a result, we estimate the balances outstanding to grow at a lower CAGR of 6.4% over 2019-23. The New Zealand lending space is dominated by the big three banks: ANZ, ASB, and Westpac.

Total loan balances outstanding (including credit card balances, personal loan balances, and residential mortgage balances outstanding) in New Zealand recorded a compound annual growth rate (CAGR) of 6.7% during 2014-18 to reach NZ$291.57bn ($195.60bn).

However, they are facing increased competition from non-bank lenders, digital banks, and digital lending platforms that are breaking into the market and offering low interest rates as well as refined loan approval proc...

Summary

Retail Lending in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

This retail lending market profile covers the mortgage and consumer credit market.
The Canadian retail lending market had total balances outstanding of $1,669.6bn in 2018, representing a compound annual growth rate (CAGR) of 4.5% between 2014 and 2018.
The mortgage credit segment was the market's most lucrative in 2018, with total balances outstanding of $1,194.7bn, equivalent to 71.6% of the market's overall value.
Canada’s growth in terms of the retail lending market is likely a result of the nation’s monetary policy, which aims to deliver low inflation and interest rates.

Scope

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Summary

Retail Lending in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

This retail lending market profile covers the mortgage and consumer credit market.
The US retail lending market had total balances outstanding of $14,346.9bn in 2018, representing a compound annual growth rate (CAGR) of 3% between 2014 and 2018.
The mortgage credit segment was the markets most lucrative in 2018, with total balances outstanding of $10,346.5bn, equivalent to 72.1% of the market's overall value.
Low interest rates have also facilitated demand for credit in the US; however, 2018 has seen the Federal Reserve increase interest rates from 2% to 2.25%, and further rises are expected to take place 2019, which could limit market growth.

Scope

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Summary

Retail Lending in Japan industry profile provides top-line qualitative and quantitative summary information including: market size (value 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

This retail lending market profile covers the mortgage and consumer credit market.
The Japanese retail lending market had total balances outstanding of $1,329.5bn in 2018, representing a compound annual growth rate (CAGR) of 4.4% between 2014 and 2018.
The mortgage credit segment was the markets most lucrative in 2018, with total balances outstanding of $1,208.5bn, equivalent to 90.9% of the market's overall value.
The growing retail lending market in Japan is spurred by negative interest rates imposed by the Bank of Japan in 2016.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the retail lending market in...

Summary

Retail Lending in France industry profile provides top-line qualitative and quantitative summary information including: market size (value 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

This retail lending market profile covers the mortgage and consumer credit market.
The French retail lending market had total balances outstanding of $1,447.0bn in 2018, representing a compound annual growth rate (CAGR) of 5% between 2014 and 2018.
The mortgage credit segment was the markets most lucrative in 2018, with total balances outstanding of $1,242.9bn, equivalent to 85.9% of the market's overall value.
The demand for credit in France has been fuelled by the low interest rate environment in Europe. The Banquet de France reports stable demand for housing and consumer credit.

Scope

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Summary

Retail Lending in Germany industry profile provides top-line qualitative and quantitative summary information including: market size (value 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

This retail lending market profile covers the mortgage and consumer credit market.
The German retail lending market had total balances outstanding of $1,684.8bn in 2018, representing a compound annual growth rate (CAGR) of 4% between 2014 and 2018.
The mortgage credit segment was the market's most lucrative in 2018, with total balances outstanding of $1,453.9bn, equivalent to 86.3% of the market's overall value.
Demand for housing loans has increased in Germany and across Europe, mostly driven by the low level of interest rates, as well as favorable housing market prospects and rising consumer confidence.

Scope

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Summary

Between 2013 and 2017 bank margins and profits in the US remained consistently higher than in Canada and the UK. However, cost/income ratios remained higher in the US. Growth in retail deposits, credit card balances, and personal loan balances grew strongly over the same period. Growth in residential mortgage balances was more subdued as activity in the housing market stalled. Despite positive macroeconomic conditions, credit card balances will grow at a significantly slower pace over the forecast period. US digital-only banks are increasingly offering highly competitive unsecured loans to credit card holders, enabling them to consolidate outstanding debt and reduce servicing costs.

This report identifies macroeconomic and competitive dynamics that impact upon the US retail banking market.

It provides insight into -
- The outlook for deposits, credit cards, personal loans, and mortgages.
- Net changes in market share across all four product areas.
- Overall financial performance including profitability, efficiency, and income sources.<...

Summary

Margins among New Zealand banks have remained relatively stable due to benign macroeconomic conditions. The average cost-to-income ratio has changed little year on year, down 1 percentage point to 52% in 2017. However, there remain large disparities in operating efficiencies within the market. The same is also true for profitability, with large disparities in return on asset figures. Growth in balances across credit cards, retail deposits, personal loans, and mortgages is expected to continue at approximately the same rate for 2018-22.

This report identifies macroeconomic and competitive dynamics that have affected the New Zealand retail banking market over the last year, and provides insight into -
- The outlook for deposits, credit cards, personal loans, and mortgages.
- Net changes in market share across all four product areas.
- Overall financial performance, including profitability, efficiency, and income sources.

Scope

- Term deposits grew by 14.7% in 2017 and non-bank consumer lending grew by 12%.
- The big four...

Summary

The retail banking industry in Taiwan is highly fragmented, with almost 40 providers competing on very low margins. The current economic environment is unfavorable, and Taiwan’s average wage lags far behind other industrialized economies of Asia, such as Singapore and South Korea. The country faces heavy competition in sustaining itself as an export-driven manufacturing hub, forcing industries in Taiwan to keep wages low. And consumers have become very conservative financially. While deposits are growing the credit market has remained flat over the past few years, and is expected to remain unchanged in the near future.

Scope

- Household savings as a percentage of GDP stood at 33.9% in 2017.
- Retail deposits recorded a compound annual growth rate of 4.5% during 2013-17.
- The credit card revolve rate in Taiwan is very low, as befitting a frugal society with stagnant wages.
- Mortgage opportunities in Taiwan lie with older, more established consumers who are looking for property to rent out.

Reasons to buy

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Summary

Blockchain technology, often referred to as distributed ledger technology (DLT), is a means by which the participants in a distributed network can each maintain a copy of an immutable ledger of transactions and where transactions can be executed without the need for a single, central, coordinating authority. This ability to execute transactions effectively without the presence of a central authority is regarded by many as the chief benefit of blockchain technology, as it creates the promise that organizations will be able to transact business with one another without being subject to third-party control.

In banking, this disintermediation has serious ramifications for billions of dollars of global business. DLT could enable two parties to transact without requiring a third party for oversight or intermediation, reducing counterparty risk and arbitrage, as well as the role of ‘parasitic’ supporting entities that act as bottlenecks and profit from opacity in the system.

This promises to reduce overheads and greatly reduce transaction fees, dec...

Summary

The idea of IoT in banking can feel a lot like a vendor construct “pushed” onto the industry. Connecting “things” to the internet makes more sense for industries that have more “things” to connect (e.g., manufacturing, healthcare, and insurance). Retail banks don’t deal in such tangibles. Instead, the opportunity is around the “connected customer” - knowing where they are, and what they’re doing, and offering more personalized products and services based on this information.

Long-term, entirely new levels of contextual guidance become possible. For example, the second a customer enters a car lot or their favorite retail park, a bank could notify them of how much money they can borrow, and at what rate. Medium-term, as the concept of connected cities comes to fruition, banks could send a warning to avoid certain retailers where they typically over-spend. Banks could even automate day-to-day account management based on declared goals and sensors to optimize financial outcomes for customers, all of which goes toward helping banks estab...

Summary

Retail Lending in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

Essential resource for top-line data and analysis covering the Canada retail lending market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

- This retail lending market profile covers the mortgage and consumer credit market.
- The Canadian retail lending market had total balances outstanding of $1,509.2bn in 2016, representing a compound annual growth rate (CAGR) of 4.6% between 2012 and 2016.
- The mortgage credit segment was the market's most lucrative in 2016, with total balances outstanding of $1,082.1bn, equivalent to 71.7% of the market's overall value.
- Many Canadia...

Summary

Retail Lending in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

Essential resource for top-line data and analysis covering the United States retail lending market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

- This retail lending market profile covers the mortgage and consumer credit market.
- The US retail lending market had total balances outstanding of $13,604.1bn in 2016, representing a compound annual growth rate (CAGR) of 1.4% between 2012 and 2016.
- The mortgage credit segment was the market's most lucrative in 2016, with total balances outstanding of $9,798.6bn, equivalent to 72% of the market's overall value.
- D...

Summary

Retail Lending in Japan industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

Essential resource for top-line data and analysis covering the Japan retail lending market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

- This retail lending market profile covers the mortgage and consumer credit market.
- The Japanese retail lending market had total balances outstanding of $1,201.7bn in 2016, representing a compound annual growth rate (CAGR) of 2.6% between 2012 and 2016.
- The mortgage credit segment was the market's most lucrative in 2016, with total balances outstanding of $1,111.0bn, equivalent to 92.5% of the market's overall value.
- A lack of real...

Summary

Retail Lending in France industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

Essential resource for top-line data and analysis covering the France retail lending market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

- This retail lending market profile covers the mortgage and consumer credit market.
- The French retail lending market had total balances outstanding of $1,195.3bn in 2016, representing a compound annual growth rate (CAGR) of 1.9% between 2012 and 2016.
- The mortgage credit segment was the market's most lucrative in 2016, with total balances outstanding of $1,026.9bn, equivalent to 85.9% of the market's overall value.
- Due to strict ...

Summary

Retail Lending in Germany industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

Essential resource for top-line data and analysis covering the Germany retail lending market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

- This retail lending market profile covers the mortgage and consumer credit market.
- The mortgage credit segment was the market's most lucrative in 2016, with total balances outstanding of $1,245.5bn, equivalent to 85.9% of the market's overall value..
- The performance of the market is forecast to decelerate, with an anticipated CAGR of 1.9% for the five-year period 2016 – 2021.
- New regulations placed on top of notoriously stri...

Summary

Retail Lending in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

Essential resource for top-line data and analysis covering the United Kingdom retail lending market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

- This retail lending market profile covers the mortgage and consumer credit market.
- The UK retail lending market had total balances outstanding of $1,663.2bn in 2016, representing a compound annual growth rate (CAGR) of 4.8% between 2012 and 2016.
- The mortgage credit segment was the market's most lucrative in 2016, with total balances outstanding of $1,495.2bn, equivalent to 89.9% of the market's overall value.
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