Abstract
Overview
Introduction
This short report looks at the consumer credit market in Belgium, the Netherlands and Luxembourg. This report provides key statistics on market size, competitor market shares and lenders' strategies. It also presents recent developments relating to regulation, competitor activities and product innovation. The report concludes with forecasts and a SWOT analysis.
Scope
- Covers the consumer credit market (not including any loans secured on property)
- Provides market sizing data in terms of gross advances and balances outstanding
- Provides competitor market share for the top five players in terms of balances outstanding; a short profile of the top players is also provided
- Provides competitor market share for the top five credit card lenders in terms of balances outstanding
Report Highlights
The Dutch population remains highly credit averse The Dutch population still views debt as a negative situation to be in, unless it is for the purpose of purchasing a property.
Belgian consumers have traditionally been conservative in regards to spending - thinking of debt with a negative connotation. Instead, they are more partial towards saving and have the highest rate of savings in Western Europe. However, attitudes are changing. In particular, young people are more open to spending and less inclined to save.
The level of wealth in Luxembourg is far higher than in Belgium or the Netherlands. Therefore, because they have the earning power to pay off their debts with ease, consumers are far less reticent than consumers in Belgium or the Netherlands.
Reasons to Purchase
- Learn how the Benelux consumer credit market has developed over the last five years
- Understand the recent developments in the market in terms of regulation, competition and product innovations
- Find out Datamonitor's opinion on the future performance of the Benelux consumer credit market over the next five years and its future prospects
Table of Contents
- OVERVIEW
- Market Size
- Future Growth Indicators
- Key market players
- CHAPTER 1 INTRODUCTION
- What is this report about?
- Scope of the report
- Structure of report
- CHAPTER 2 MARKET CONTEXT
- Country overview
- Economy
- GDP
- Inflation
- Distribution of income
- Distribution of wealth
- Unemployment
- Economy
- Demographics
- Population and demographic split
- Structure of the Benelux retail banking market
- Structure of the Belgian retail banking market
- Structure of the Dutch retail banking market
- Structure of Luxembourg's retail banking market
- Market size
- Total consumer credit
- Gross advances
- Balances outstanding
- Consumer credit in comparison to total retail lending
- Consumer credit balances outstanding as a proportion of GDP
- Consumer credit balances outstanding per capita
- Total consumer credit
- Consumer credit product statistics
- Consumer credit gross advances by product
- Consumer credit balances outstanding by product
- Regulatory environment
- Industry regulators in Belgium
- National Bank of Belgium - NBB
- Banking, Finance and Assurance Commission - CBFA
- Industry regulators in Belgium
- Industry associations in Belgium
- Belgian Bankers' Association (ABB-BVB)
- Test-Achats
- Union Professionnelle du Credit - UPC BVK
- Industry regulators in Netherlands
- De Nederlandsche Bank
- Netherlands Authority for the Financial Markets (AFM)
- Industry associations in the Netherlands
- Nederlandse Vereniging van Banken (NVB)
- Consumentenbond
- Industry regulators in Luxembourg
- The Banque Centrale du Luxembourg (BCL)
- Commission de Surveillance du Secteur Financier (CSSF)
- Industry associations in Luxembourg
- Association des Banques et Banquiers Luxembourg (ABBL)
- Union Luxembourgeoise des Consommateurs (ULC)
- Credit bureaux
- Both private and public credit bureaux operate in Belgium
- There are two main credit scoring bureaux in the Netherlands
- Regulatory issues in the market
- European consumer credit directive
- Belgian consumer protection laws are on the increase
- Consumer credit is also tightly controlled in the Netherlands
- Country overview
- CHAPTER 3 COMPETITOR AND PRODUCT OVERVIEW
- Consumer credit market shares by institution
- Banks are the main players in the consumer credit market in the
Benelux region
- Finance houses are minor players in the consumer credit market in the Benelux region
- Banks are the main players in the consumer credit market in the
Benelux region
- Consumer credit market shares by competitor
- ABN AMRO is the leading consumer credit provider in the Benelux region
- Profiles of the top five consumer credit providers
- ABN AMRO
- Fortis
- ING Bank
- Dexia
- KBC
- Top five credit card lenders
- Credit card market share by balances outstanding in Belgium
- Credit card market share by balances outstanding in the Netherlands
- Competitor developments
- The consolidation process in Belgium
- The consolidation process in the Netherlands
- Recent changes in Luxembourg
- Product analysis
- Typical product design of personal loans in the Benelux region
- Consumer credit product innovations in the Benelux region
- The structure of the Benelux financial system means that its consumer credit market is stable but suffers from a lack of innovation
- Distribution
- The Internet has made a big impact on the Dutch retail banking market
- Rabobank launches Internet banking in Belgium
- Consumer credit market shares by institution
- CHAPTER 4 FORECASTING THE CONSUMER CREDIT MARKET IN THE BENELUX REGION
- Forecasting gross advances
- Gross advances in the Benelux consumer credit market will reach €27.4 billion in 2010
- A number of factors will determine this growth
- Future prospects
- Strengths
- Weakness
- Opportunities
- Threats
- Forecasting gross advances
- APPENDIX
- Supplementary data
- Definitions
- Forecasting methodology
- Research methodology
- Relevant readings
- Datamonitor's custom research capabilities
- Retail Banking Team contact details
- How to contact experts in your industry
- List of Tables
- Table 1: Consumer credit gross advances and balances outstanding in the Benelux region, 2001-2005
- Table 2: GDP per capita for selected European countries, 2005
- Table 3: Sectoral composition of the economies of the Benelux nations, 2005
- Table 4: GINI Coefficient for selected European countries
- Table 5: Segmentation of liquid assets in the Benelux countries, 2004
- Table 6: Total population and demographic splits for the Benelux region, 2005
- Table 7: Consumer credit balances outstanding compared to GDP of selected European countries, 2005
- Table 8: Consumer credit balances outstanding per capita of selected European countries, 2005
- Table 9: List of top ten and other selected rates for personal loans in the Netherlands, December 2005
- Table 10: Forecast of consumer credit gross advances in the Benelux consumer credit market, 2004-2010f
- Table 11: Real GDP growth in the Benelux region, 2001-2005
- Table 12: Unemployment rate in the Benelux region, 2001-2005
- Table 13: Consumer credit gross advances in the Benelux region, 2001-2005e
- Table 14: Consumer credit balances outstanding in the Benelux region, 2001-2005e
- Table 15: Consumer credit as a proportion of total retail lending in the Benelux region, 2001-2005e
- Table 16: Market share of consumer credit balances outstanding by product in the Benelux region, 2004
- Table 17: Market share of consumer credit balances outstanding by product in Belgium, 2004
- Table 18: Market share of consumer credit balances outstanding by product in the Netherlands, 2004
- Table 19: Market share of consumer credit balances outstanding by product in Luxembourg, 2004
- Table 20: Consumer credit balances outstanding by type of lender in the Benelux region, 2004
- Table 21: Market share of total consumer credit balances outstanding for the top five Benelux consumer credit providers, 2004
- Table 22: Market shares of credit card balances outstanding of the top five Belgian and Dutch credit card providers, 2004
- List of Figures
- Figure 1: Consumer credit gross advances in the Benelux market will grow at a CAGR of 4.7 per cent to reach €27.4 billion in 2010, 2001-2010f
- Figure 2: The leading consumer credit provider in the Benelux region is ABN AMRO, 2004
- Figure 3: Key statistics for the Benelux consumer credit market, 2005
- Figure 4: Both the Dutch and Belgian economies have stuttered in recent years, 2001-2005
- Figure 5: Following its peak in 2001, inflation in the Netherlands is now below the levels witness in Belgium and Luxembourg, 2000-05
- Figure 6: Belgium has the highest unemployment rate in the Benelux region, 2001-2005
- Figure 7: While new lending in the Dutch consumer credit market contracted, new lending in Belgium and Luxembourg grew steadily, 2001-2005e
- Figure 8: Consumer credit balances outstanding have increased in all three Benelux markets, 2001-2005e
- Figure 9: Consumer credit balances outstanding as a proportion of total retail lending has been falling year-on-year, 2001-2005e
- Figure 10: Personal loans account for the largest proportion of new lending in the Benelux consumer credit market, 2004
- Figure 11: Personal loans accounted for over half of outstanding balances in all three consumer credit markets in the region, 2004
- Figure 12: Regulatory overview of the Belgian Banking market, 2005
- Figure 13: Regulatory overview of the Netherlands, 2005
- Figure 14: Regulatory overview of Luxembourg, 2005
- Figure 15: Banks account for the vast majority of the consumer credit market in the Benelux region, 2004
- Figure 16: Banks are the leading consumer credit provider in the Netherlands, 2004
- Figure 17: The leading consumer credit provider in the Benelux region was ABN AMRO, 2004
- Figure 18: Fortis is the leading credit card lender in Belgium, 2004
- Figure 19: ING is the leading credit card lender in the Netherlands, 2004
- Figure 20: Consumer credit gross advances in the Benelux market will grow at a CAGR of 4.7 per cent to reach €27.4 billion in 2010, 2001-2010f
- Figure 21: Datamonitor's core consulting capabilities
