Abstract
Overview
Introduction
Consumer Credit in Portugal 2006 is an invaluable guide to a fast recovering consumer credit market. There is detailed information on market size, competitor market shares and key regulatory and competitor developments in the market. Furthermore, a five year market forecast and a SWOT analysis look to the future of the market are provided.
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 shares for the top five players in terms of balances outstanding; short profiles of the top players are also provided
- Provides competitor market share for the top five credit card lenders in terms of balances outstanding
Report Highlights
The Portuguese consumer credit market still remains relatively under-exploited compared to the rest of Western Europe, having only truly begun expanding in the late 1990s. This was stimulated not only by good economic conditions, but also due to the marked increase in both the quality and quantity of banking products on offer.
Motor finance remains the leading consumer credit product in Portugal. A large proportion of vehicles continue to be financed through motor finance deals, and while there is competition from personal loans, there is not yet the same level of competition as is found in other European markets, for example the UK.
The Portuguese banking market is one of the most concentrated in Western Europe. As a result, the leading Portuguese banks tend to play a very important role in the consumer credit market. Nevertheless, traditionally, banks have not focused on consumer credit as a sector, preferring to focus on mortgage lending or private banking.
Reasons to Purchase
- Learn how the Portuguese 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 Portuguese 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
- Unemployment
- Economy
- Demographics
- Population and demographic split
- Structure of the Portuguese retail banking market
- Universal banks
- Savings banks
- Agricultural credit institutions (co-operative banks)
- Market size
- Total consumer credit
- Consumer credit gross advances in Portugal
- Consumer credit balances outstanding in Portugal
- Consumer credit as a proportion of total retail lending
- Consumer credit as a proportion of GDP
- Consumer credit per capita
- Portugal's consumer credit market remains underdeveloped mainly because it is a relatively new market
- Total consumer credit
- Consumer credit product statistics
- Consumer credit balances outstanding by product
- Motor finance remains the dominant consumer credit product
- Credit cards have grown quickly in particular
- Regulatory environment
- Industry regulators
- Banco de Portugal
- Conselho Nacional de Supervisores Financeiros
- Industry regulators
- Industry associations
- ASB
- ASFAC
- Caixa Central de Credito Agricola Mutuo
- FENACAM
- Credit bureaux
- Regulatory issues in the market
- European consumer credit directive
- Country overview
- CHAPTER 3 COMPETITOR AND PRODUCT OVERVIEW
- Consumer credit market shares by institution
- Banks are the leading players in the Portuguese consumer credit market
- Consumer credit market shares by competitor
- Millennium BCP is the leading consumer credit provider in Portugal
- However finance houses command a large portion of the market
- Profiles of the top five consumer credit providers
- Millennium BCP
- Banco Espirito Santo
- Caixa Geral de Depositos
- Banco Santander Totta
- Banco Portugues de Investimento
- Top five credit card lenders
- Credit card market share by balances outstanding
- Competitor developments
- The Portuguese banking market has gone through a process of significant consolidation
- Portuguese banks have traditionally focused on other sectors, rather
than consumer credit
- In fact, finance houses are leading the way in terms of the development of the Portuguese consumer credit market
- Moreover, foreign players have entered the Portuguese consumer credit market
- Product analysis
- Typical product design of personal loans
- Product innovations in the market
- Using the Internet as a customer acquisition tool has become increasingly common
- Promotions and loyalty schemes are common to the market
- Consumer credit market shares by institution
- CHAPTER 4 FORECASTING THE CONSUMER CREDIT MARKET IN PORTUGAL
- Forecasting gross advances
- Gross advances in the Portuguese consumer credit market will reach €7.5 billion in 2010
- A number of factors will determine this growth
- Future prospects
- Strengths
- Weakness
- Opportunities
- Threats
- Forecasting gross advances
- CHAPTER 5 APPENDIX
- Supplementary data
- Definitions
- Balances outstanding
- CAGR
- Consumer credit
- Gross advances
- Point of sale motor finance
- Retail finance
- Research methodology
- Forecasting methodology
- Relevant readings
- Reports
- Relevant links
- 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 Portugal, 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 Portugal's GDP by sector, 2005
- Table 5: GINI Coefficient for selected European countries
- Table 6: Population distribution by age group in Portugal, 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: Forecast of Portuguese consumer credit gross advances, 2004-2010f
- Table 10: Real GDP growth in Portugal, 2001-2005
- Table 11: Consumer credit gross advances in Portugal, 2001-2005
- Table 12: Consumer credit balances outstanding in Portugal, 2001-2005
- Table 13: Consumer credit balances outstanding as a proportion of total retail lending in Portugal, 2001-2005
- Table 14: Consumer credit balances outstanding per capita, 2001-2005
- Table 15: Market shares by consumer credit balances outstanding in Portugal, 2004
- Table 16: Credit card market shares by balances outstanding, 2004
- List of Figures
- Figure 1: Gross advances in the Portuguese consumer credit market will grow at a CAGR of 6.5 per cent to reach €7.5 billion in 2010, 2001-2010f
- Figure 2: Millennium BCP is the leading consumer credit provider in Portugal, 2004
- Figure 3: Key statistics for the Portuguese consumer credit market, 2005
- Figure 4: Despite experiencing positive economic growth in 2004-5, the Portuguese economy remains fragile, 2001-2005
- Figure 5: Despite declining significantly in recent years, inflation is still running at a relatively high level, 2000-2005
- Figure 6: Unemployment in Portugal has risen in recent years, 2001-2005
- Figure 7: The structure of the Portuguese banking industry, 2005
- Figure 8: In terms of new lending, consumer credit growth has been weak, 2001-2005
- Figure 9: The Portuguese consumer credit market has performed poorly over the last five years, but balances have increased, 2001-2005
- Figure 10: Consumer credit as a proportion of total lending has fallen in Portugal over the last five years, 2001-2005
- Figure 11: Motor finance accounts for the largest proportion of consumer credit balances in Portugal, 2004
- Figure 12: Regulatory overview of Portugal, 2004
- Figure 13: Banks have the largest share of balances outstanding of consumer credit in Portugal, 2004
- Figure 14: Millennium BCP is the leading consumer credit provider in Portugal, 2004
- Figure 15: Millennium BCP is the leading credit card lender in Portugal, 2004
- Figure 16: Consolidation in the Portuguese consumer credit market, 2000-2005
- Figure 17: Gross advances in the Portuguese consumer credit market will grow at a CAGR of 6.5 per cent to reach €7.5 billion in 2010, 2001-2010f
- Figure 18: Datamonitor's core consulting capabilities
