Abstract
Overview
Introduction
Consumer Credit in the Nordic region 2006 is an invaluable guide to the consumer credit market in one of the most consolidated markets in Europe. This report covers the consumer credit market in Denmark, Finland, Norway and Sweden. The regulatory environment, market size and forecast for each country is provided along with competitor market shares for the region.
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
Highlights
Personal loans dominate the consumer credit market in the Nordic region. This is because the Nordic region has a strong branch network with only a few major players. Therefore, consumers are more inclined to go to their local branch when they need credit for purchases.
Credit cards (with the exception of Norway) and POS retail finance market are not popular in the Nordic region, further enhancing the personal loan market.
Foreign new entrants do not typically compete on price. The entrants instead offer accessibility with online applications and quick decisions. These new lenders have a different lending philosophy and typically have far less strict lending criteria compared to the established Nordic banks.
Reasons to Purchase
- Learn how the Nordic 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 Nordic 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 liquid assets in The Nordics
- Unemployment
- Economy
- Demographics
- Market structure
- General structure of the Nordic retail banking market
- The structure of the Swedish banking market
- Swedish commercial banks (joint stock banks)
- Foreign banks
- Savings banks
- Co-operative banks
- Market size
- Total consumer credit
- Consumer credit gross advances
- Consumer credit balances outstanding
- Consumer credit as a proportion of total retail lending in the Nordics
- Consumer credit as a proportion of GDP in the Nordics
- Consumer credit per capita in the Nordics
- Total consumer credit
- Consumer credit product statistics
- Consumer credit balances outstanding by product
- Regulatory environment
- Regulatory environment in Denmark
- Industry regulators in Denmark
- Industry associations in Denmark
- Regulatory environment in Finland
- Industry regulators in Finland
- Industry associations in Finland
- Regulatory environment in Norway
- Industry regulators in Norway
- Industry associations in Norway
- Regulatory environment in Sweden
- Industry regulators in Sweden
- Industry associations in Sweden
- Credit bureaux
- Experian
- Regulatory issues in the market
- European consumer credit directive
- The Credit Institutions Act in Finland
- The Act on the Adjustment of the Debts of a Private Individual in Finland
- The Banking and Financing Business Act in Sweden
- The Capital Adequacy and Large Exposures Act in Sweden
- Consumer Credit Act in Sweden
- Financial advice to consumers in Sweden
- Country overview
- CHAPTER 3 COMPETITOR AND PRODUCT OVERVIEW
- Consumer credit market shares by institution
- Banks are the main players in the Nordic market
- Consumer credit market shares by competitor
- Danske Bank is the leading consumer credit provider in the Nordic region
- Profiles of the top five consumer credit providers
- Danske Bank
- Nordea Bank
- F顤eningsSparbanken
- Handelsbanken
- SE Banken
- Top five credit card lenders
- Market share by balances outstanding
- Competitor developments
- The Nordic banking market has become increasingly consolidated
- New entrants have contributed to growth in the consumer credit market
- Product analysis
- Typical product design of a Danish personal loan
- The Nordic region is not innovative in its product range
- Distribution
- Internet banking
- Finland is the world leader in Internet banking
- Nordea is a world leader of Internet banking
- Internet banking
- New methods of distribution
- Consumer credit market shares by institution
- CHAPTER 4 FORECASTING THE CONSUMER CREDIT MARKET IN THE NORDICS
- Forecasting gross advances
- Gross advances in the Nordic consumer credit market will reach €113.5 billion in 2010
- A number of factors will determine this growth
- Future prospects
- Strengths
- Weaknesses
- Opportunities
- Threats
- Forecasting gross advances
- CHAPTER 5 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 Nordics, 2001-2005
- Table 2: Ranking of selected European countries by GDP, 2005
- Table 3: GDP per capita for selected European countries, 2005
- Table 4: Composition of Nordic countries GDP by sector, 2005
- Table 5: Inflation in selected European countries, 2005
- Table 6: GINI Coefficient for selected European countries
- Table 7: Labor statistics in the Nordics, 2005
- Table 8: Population distribution according to age group in the Nordic region, 2005
- Table 9: Comparison of rates available for personal loans in Denmark, 2005
- Table 10: Forecast of consumer credit gross advances in the Nordics, 2004-2010f
- Table 11: Rate of growth of GDP in the Nordics, 2000-2005
- Table 12: Segmentation of liquid assets in the Nordic region, 2004
- Table 13: Number of unemployed in the Nordic region, 2000-2005
- Table 14: Unemployment rates in the Nordic region, 2000-2005
- Table 15: Consumer credit gross advances in the Nordics, 2001-2005
- Table 16: Consumer credit balances outstanding in the Nordics, 2001-2005
- Table 17: Consumer credit as a proportion of total retail lending in the Nordics, 2001-2005
- Table 18: Consumer credit as a proportion of GDP in the Nordics, 2005
- Table 19: Consumer credit balances outstanding per capita in the Nordics, 2001-2005
- Table 20: Consumer credit balances outstanding by product in the Nordics, 2004
- Table 21: Consumer credit balances outstanding by product in the Denmark, 2004
- Table 22: Consumer credit balances outstanding by product in the Finland, 2004
- Table 23: Consumer credit balances outstanding by product in the Norway, 2004
- Table 24: Consumer credit balances outstanding by product in the Sweden, 2004
- Table 25: Market shares of the leading consumer credit providers in the Nordic region, 2004
- Table 26: Market shares of the leading credit card providers in the Nordic region, 2004
- List of Figures
- Figure 1: Gross advances in the Nordic consumer credit market will grow at CAGR 5.3 per cent to reach €113.5 billion in 2010, 2001-2010f
- Figure 2: Danske Bank is the leading consumer credit provider in the Nordic region, 2004
- Figure 3: Key statistics for consumer credit in the Nordic region, 2005
- Figure 4: Following a slowdown in 2001-2, real GDP growth in the Nordic are has picked up, 2000-2005
- Figure 5: Sweden has the highest level of liquid assets in the Nordic region, 2004
- Figure 6: Unemployment has continued to remain high in Finland, while Norway, Denmark and Sweden have seen an increase in their unemployment rates in recent years, 2000- 2005
- Figure 7: The four pillars of Nordic Banking, 2006
- Figure 8: While the Norwegian market is the largest in absolute terms, the Danish consumer credit market has expanded the fastest in recent years, 2001-2005
- Figure 9: Consumer credit balances outstanding in Sweden have increased slowly, while the rest of the Nordic region has seen rapid growth in the same period, 2001-2005e
- Figure 10: Finland has the highest level of consumer credit as a proportion of total retail lending, but this has been falling, 2001-2005
- Figure 11: Denmark has the highest level of consumer credit, in the Nordics, in relation to its overall economy, 2005
- Figure 12: Norwegians have the highest outstanding consumer credit debt in the Nordic region, 2005
- Figure 13: Personal loans are the major consumer credit product in the Nordic region, 2004
- Figure 14: Regulatory overview of Denmark, 2006
- Figure 15: Regulatory overview of Finland, 2006
- Figure 16: Regulatory overview of Norway, 2006
- Figure 17: Regulatory overview of Sweden, 2006
- Figure 18: Banks in the Nordic region dominate the consumer credit market, 2004
- Figure 19: Danske Bank is the leading consumer credit provider in the Nordic region, 2004
- Figure 20: DnB NOR is the leading credit card lender in the Nordics, 2004
- Figure 21: Acquisitions of banks by the top five consumer credit providers in the Nordics, 1997-2005
- Figure 22: Lenders are advertising on online auction sites, which are increasingly popular in Sweden, 2006
- Figure 23: Gross advances in the Nordic consumer credit market will grow at CAGR 5.3 per cent to reach €113.5 billion in 2010, 2001-2010f
- Figure 24 Datamonitor's core consulting capabilities
