Western European Consumer Credit 2006: Industry Report

Western European Consumer Credit 2006

Product Type: Market Research Report
Published by: Datamonitor
Published: September 2006
Product Code: R313-16934

Description

Introduction

Once seen as a relatively unattractive product area by many European bankers, banks have now woken up to the enormous revenue potential of consumer credit. Today's European consumer credit market is growing rapidly, is increasingly sophisticated and has numerous participants from varying backgrounds. But, which markets are growing the fastest, who are the key competitors in the market and what strategies have they adopted for success?

Scope of this report

This review report provides core data and analysis on the Western European consumer credit market.
It covers the market in 16 countries in 11 individual reports, a searchable interactive database and an executive summary PowerPoint report.
Individual reports include: Austria, France, Germany, Greece, Ireland, Italy, Portugal, Spain, Turkey, the Benelux region and the Nordic region.
The report provides market and product data, market forecasts and competitor data and analysis.

Research and analysis highlights

European consumer credit markets have developed well in recent years, and this strong performance continued in most markets in 2005. An increased appetite for consumer credit products and the promotion of consumer credit products by lenders has pushed the market forwards.

The Western European consumer credit market is dominated by personal loans. This is not surprising given the well developed branch networks and strong bank affinity prevalent in most European markets. In contrast, credit card usage varies widely across Europe.

Italy and Portugal have the least concentrated consumer credit markets in Europe, with the top five lenders accounting for less than 40 per cent of the market. In contrast, the top five lenders in Greece, Austria and the Benelux region account for over 80 per cent of their respective markets.

Key reasons to read this report

Learn how consumer credit markets in Western Europe have developed over the last five years.
Understand the recent developments in Western European consumer credit markets in terms of regulation, competition and product innovations.
Determine which consumer credit markets in Western Europe are likely to grow most rapidly over the next five years.

Table of Contents

CHAPTER 1 INTRODUCTION: What is this report about?; Scope of the report; Who is the target reader?; How to use this report
CHAPTER 2 AUSTRIA: Country overview; Market structure; Market size; Regulatory environment; Consumer credit market shares by competitor; Profiles of the top five consumer credit providers; Credit card market shares by competitor; Competitor developments; Product analysis; Distribution; Forecasting consumer credit gross advances; Future prospects
CHAPTER 3 THE BENELUX REGION: Country overview; Market structure; Market size; Regulatory environment; Consumer credit market shares by institution; Consumer credit market shares by competitor; Profiles of the top five consumer credit providers; Credit card market shares by competitor; Competitor developments; Product analysis; Forecasting consumer credit gross advances; Future prospects
CHAPTER 4 FRANCE: Country overview; Market structure; Market size; Regulatory environment; Consumer credit market shares by institution; Consumer credit market shares by competitor; Profiles of the top five consumer credit providers; Credit card market shares by competitor; Competitor developments; Product analysis; Distribution; Forecasting consumer credit gross advances; Future prospects
CHAPTER 5 GERMANY: Country overview; Market structure; Market size; Regulatory environment; Consumer credit market shares by institute; Consumer credit market shares by competitor; Profiles of the top five consumer credit providers; Top five credit card lenders; Competitor developments; Product analysis; Distribution; Forecasting consumer credit gross advances; Future prospects
CHAPTER 6 GREECE: Country overview; Market structure; Market size; Regulatory environment; Consumer credit market shares by competitor; Profiles of the top five consumer credit providers; Credit card market shares by competitor; Competitor developments; Product analysis; Product innovation; Forecasting consumer credit gross advances; Future prospects
CHAPTER 7 IRELAND: Country overview; Market structure; Market size; Regulatory environment; Consumer credit market shares by competitor; Profiles of the top five consumer credit lenders; Credit card market shares by competitor; Competitor developments; Product analysis; Forecasting consumer credit gross advances; Future prospects
CHAPTER 8 ITALY: Country overview; Market structure; Market size; Regulatory environment; Consumer credit market shares by institute; Consumer credit market shares by competitor; Profiles of the top five consumer credit providers; Credit card market shares by competitor; Competitor developments; Product analysis; Distribution; Forecasting consumer credit gross advances; Future prospects
CHAPTER 9 THE NORDICS: Country overview; Market structure; Market size; Regulatory environment; Consumer credit market shares by institution; Consumer credit market shares by competitor; Profiles of the top five consumer credit providers; Credit card market shares by competitor; Competitor developments; Product analysis; Distribution; Forecasting consumer credit gross advances; Future prospects
CHAPTER 10 PORTUGAL: Country overview; Market structure; Market size; Regulatory environment; Consumer credit market shares by institution; Consumer credit market shares by competitor; Profiles of the top five consumer credit providers; Credit card market shares by competitor; Competitor developments; Product analysis; Forecasting consumer credit gross advances; Future prospects
CHAPTER 11 SPAIN: Country overview; Market structure; Market data; Regulatory environment; Consumer credit market shares by competitor; Profiles of the top five consumer credit providers; Credit card market shares by competitor; Competitor developments; Product analysis; Distribution; Forecasting consumer credit gross advances; Future prospects
CHAPTER 12 TURKEY: Country overview; Market structure; Market data; Regulatory environment; Consumer credit market shares by institute; Consumer credit market shares by competitor; Profiles of the top five consumer credit providers; Credit card market shares by competitor; Competitor developments; Product analysis; Distribution; Forecasting consumer credit gross advances; Future prospects
CHAPTER 13 APPENDIX: Supplementary data; Definitions; 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: Ranking of selected European countries by GDP, 2004; Table 2: GDP per capita for selected European countries, 2005; Table 3: The service industry is the main contributor to Austria's GDP, 2005; Table 4: GINI Coefficient for selected European countries; Table 5: Segmentation of liquid assets in Austria, 2004; Table 6: Population distribution according to age group in Austria, 2005; Table 7: Consumer credit balances outstanding per capita of selected European countries, 2005; Table 8: Consumer credit balances outstanding compared to GDP of selected European countries, 2005; Table 9: Forecast of consumer credit gross advances in the Austrian market, 2004-2010f; Table 10: GDP per capita for selected European countries, 2005; Table 11: Sectoral composition of the economies of the Benelux nations, 2005; Table 12: GINI Coefficient for selected European countries; Table 13: Segmentation of liquid assets in the Benelux countries, 2004; Table 14: Total population and demographic splits for the Benelux region, 2005; Table 15: Consumer credit balances outstanding compared to GDP of selected European countries, 2005; Table 16: Consumer credit balances outstanding per capita of selected European countries, 2005; Table 17: List of top ten and other selected rates for personal loans in the Netherlands, December 2005; Table 18: Forecast of consumer credit gross advances in the Benelux consumer credit market, 2004-2010f; Table 19: GDP per capita for selected European countries, 2005; Table 20: GINI Coefficient for selected European countries; Table 21: Segmentation of liquid assets, 2004; Table 22: Examples of finance houses, 2005; Table 23: Consumer credit balances outstanding compared to GDP of selected European countries, 2005; Table 24: Consumer credit balances outstanding per capita of selected European countries, 2005; Table 25: APR of Cofidis personal loans, May 2006; Table 26: Forecast of consumer credit gross advances in the French market, 2005e-2010f; Table 27: GDP per capita for selected European countries, 2005; Table 28: Inflation in selected European countries, 2005; Table 29: GINI Coefficient for selected European countries; Table 30: Segmentation of liquid assets, 2004; Table 31: Consumer credit balances outstanding compared to GDP of selected European countries, 2005; Table 32: Consumer credit balances outstanding per capita of selected European countries, 2005; Table 33: A comparison of effective interest rates for a €5,000 unsecured personal loan taken out over a five year period in Germany, December 2005; Table 34: Interest rates for a €10,000 loan from DKB, December 2005; Table 35: Forecast of consumer credit gross advances in the German market, 2004-2010f; Table 36: GDP per capita for selected European countries, 2005; Table 37: Inflation in selected European countries, 2001- 2005; Table 38: GINI Coefficient for selected European countries; Table 39: Consumer credit balances outstanding compared to GDP of selected European countries, 2005; Table 40: Consumer credit balances outstanding per capita of selected European countries, 2005; Table 41: Forecast of consumer credit gross advances in the Greek market, 2004e-2010f; Table 42: GDP per capita for selected European countries, 2005; Table 43: The inflation rate in Ireland fell from a peak of 4.7 per cent in 2002 to 2.2 per cent in 2005, 2001- 2005; Table 44: GINI Coefficient for selected European countries; Table 45: Consumer credit balances outstanding compared to GDP of selected European countries, 2005; Table 46: Consumer credit balances outstanding per capita of selected European countries, 2005; Table 47: Recent mergers, acquisitions and demutualizations among domestic players in the Irish banking sector, 1991-2005; Table 48: A number of foreign players have entered the Irish banking sector, 1997-2006; Table 49: Typical APRs for unsecured personal loans in the Irish market, 2006; Table 50: Typical APRs for auto loans in the Irish market, 2006; Table 51: Barclays offers the lowest credit card APR in the Irish market, April 2006; Table 52: Forecast of consumer credit gross advances in the Irish market, 2004-2010f; Table 53: Ranking of selected European countries by GDP, 2005; Table 54: GDP per capita for selected European countries, 2005; Table 55: Composition of Italy's GDP by sector, 2005; Table 56: GINI Coefficient for selected European countries, 2005; Table 57: Segmentation of liquid assets in Italy, 2004; Table 58: Population distribution according to age group in Italy, 2005; Table 59: Consumer credit balances outstanding compared to GDP of selected European countries, 2005; Table 60: Consumer credit balances outstanding per capita of selected European countries, 2005; Table 61: Forecast of consumer credit gross advances in the Italian consumer credit market, 2004-2010f; Table 62: Ranking of selected European countries by GDP, 2005; Table 63: GDP per capita for selected European countries, 2005; Table 64: Composition of Nordic countries GDP by sector, 2005; Table 65: Inflation in selected European countries, 2005; Table 66: GINI Coefficient for selected European countries; Table 67: Labor statistics in the Nordics, 2005; Table 68: Population distribution according to age group in the Nordic region, 2005; Table 69: Comparison of rates available for personal loans in Denmark, 2005; Table 70: Forecasted consumer credit gross advances in the Nordic region, 2005e-2010f; Table 71: Ranking of selected European countries by GDP, 2005; Table 72: GDP per capita for selected European countries, 2005; Table 73: Composition of Portugal's GDP by sector, 2005; Table 74: GINI Coefficient for selected European countries; Table 75: Population distribution by age group in Portugal, 2005; Table 76: Consumer credit balances outstanding compared to GDP of selected European countries, 2005; Table 77: Consumer credit balances outstanding per capita of selected European countries, 2005; Table 78: Forecast of Portuguese consumer credit gross advances, 2004-2010f; Table 79: GDP per capita for selected European countries, 2005; Table 80: GINI Coefficient for selected European countries; Table 81: Segmentation of liquid assets in Spain, 2004; Table 82: Population distribution according to age group in Spain, 2005; Table 83: Consumer credit balances outstanding compared to GDP of selected European countries, 2005; Table 84: Consumer credit balances outstanding per capita of selected European countries, 2005; Table 85: APRs for La Caixa Catalunya's "Zero Loan", December 2005; Table 86: Forecast of consumer credit gross advances in the Spanish consumer credit market, 2004-2010f; Table 87: GDP per capita for selected European countries, 2005; Table 88: Composition of Turkey's GDP by sector, 2005e; Table 89: Inflation in selected European countries, 2000-2005; Table 90: GINI Coefficient for selected European countries; Table 91: Population distribution according to age group in Turkey, 2005; Table 92: Consumer credit balances outstanding per capita of selected European countries, 2005; Table 93: Consumer credit balances outstanding compared to GDP of selected European countries, 2005; Table 94: Interest rates charged per month by Garanti Bankasi vary depending on the amount of debt paid off, April 2006; Table 95: Forecast of consumer credit gross advances in the Turkish market, 2004-2010f; Table 96: Rate of growth of GDP in Austria, 2001-2005; Table 97: Labor statistics in Austria, 2001-2005; Table 98: Consumer credit gross advances in Austria, 2001-2005; Table 99: Consumer credit balances outstanding in Austria, 2001-2005; Table 100: Consumer credit as a proportion of total retail lending in Austria, 2001-2005e; Table 101: Market shares of consumer credit balances outstanding by product in Austria, 2004; Table 102: Market share of total consumer credit balances outstanding for the top five Austrian consumer credit providers, 2004; Table 103: Market shares of credit card balances outstanding of the top five Austrian credit card providers, 2004; Table 104: Real GDP growth in the Benelux region, 2001-2005; Table 105: Unemployment rate in the Benelux region, 2001-2005; Table 106: Consumer credit gross advances in the Benelux region, 2001-2005e; Table 107: Consumer credit balances outstanding in the Benelux region, 2001-2005e; Table 108: Consumer credit as a proportion of total retail lending in the Benelux region, 2001-2005e; Table 109: Market share of consumer credit balances outstanding by product in the Benelux region, 2004; Table 110: Market share of consumer credit balances outstanding by product in Belgium, 2004; Table 111: Market share of consumer credit balances outstanding by product in the Netherlands, 2004; Table 112: Market share of consumer credit balances outstanding by product in Luxembourg, 2004; Table 113: Consumer credit balances outstanding by type of lender in the Benelux region, 2004; Table 114: Market share of total consumer credit balances outstanding for the top five Benelux consumer credit providers, 2004; Table 115: Market shares of credit card balances outstanding of the top five Belgian and Dutch credit card providers, 2004; Table 116: Rate of growth of GDP in France, 2001-2005; Table 117: Inflation in France, 2001-2005; Table 118: Consumer credit gross advances in France, 2001-2005e; Table 119: Consumer credit balances outstanding in France, 2001-2005e; Table 120: Consumer credit as a proportion of total retail lending in France, 2001-2005e; Table 121: Market shares by consumer credit gross advances of products in France, 2004; Table 122: Market shares by consumer credit balances outstanding of products in France, 2004; Table 123: Market share of total consumer credit balances outstanding for the top five French consumer credit providers, 2004; Table 124: Market shares of credit card balances outstanding of the top five French credit card providers, 2004; Table 125: Real GDP growth rates, 2001-2005; Table 126: Unemployment in Germany, 2005; Table 127: Consumer credit gross advances in Germany, 2001-2005; Table 128: Consumer credit balances outstanding in Germany, 2000-2005; Table 129: Consumer credit as a proportion of total retail lending in Germany, 2001-2005; Table 130: Market shares of consumer credit gross advances by product in Germany, 2004; Table 131: Market shares of consumer credit balances outstanding by product in Germany, 2004; Table 132: Market share of total consumer credit balances outstanding for the top five German consumer credit providers, 2004; Table 133: Market shares of credit card balances outstanding of the top five German credit card providers, 2004; Table 134: Real GDP growth rates, 2001-2005; Table 135: Unemployment rates 2000-2005; Table 136: Consumer credit gross advances in Greece, 2001-2005; Table 137: Consumer credit balances outstanding in Greece, 2001-2005; Table 138: Consumer credit as a proportion of total retail lending in Greece, 2001-2005; Table 139: Market shares of consumer credit balances outstanding by product in Greece, 2004; Table 140: Market share of total consumer credit balances outstanding for the top five Greek consumer credit providers, 2004; Table 141: Market shares of credit card balances outstanding of the top five Greek credit card providers, 2004; Table 142: Unemployment rate in Ireland, 2001-2005; Table 143: Consumer credit gross advances in Ireland, 2001-2005; Table 144: Consumer credit balances outstanding in Ireland, 2001-2005; Table 145: Consumer credit as a proportion of total retail lending in Ireland, 2001-2005; Table 146: Market shares of consumer credit balances outstanding by product in Ireland, 2004; Table 147: Market share of total consumer credit balances outstanding for the top five Irish consumer credit providers, 2004; Table 148: Market shares of credit card balances outstanding of the top five Irish credit card providers, 2004; Table 149: Rate of growth of GDP in Italy, 2000-2005; Table 150: Labor statistics in Italy, 2000-2005; Table 151: Consumer credit gross advances in Italy, 2001-2005; Table 152: Consumer credit balances outstanding in Italy, 2001-2005; Table 153: Consumer credit as a proportion of total Retail Lending in Italy, 2001-2005; Table 154: Market shares of consumer credit gross advances by product in Italy, 2004; Table 155: Market shares of consumer credit balances outstanding by product in Italy, 2004; Table 156: Market share of total consumer credit balances outstanding for the top five Italian consumer credit providers, 2004; Table 157: Market share of credit card balances outstanding of the top five Italian credit card providers, 2004; Table 158: Rate of growth of GDP in the Nordics, 2000-2005; Table 159: Segmentation of liquid assets in the Nordic region, 2004; Table 160: Number of unemployed in the Nordic region, 2000-2005; Table 161: Unemployment rates in the Nordic region, 2000-2005; Table 162: Consumer credit gross advances in the Nordics, 2001-2005; Table 163: Consumer credit balances outstanding in the Nordics, 2001-2005; Table 164: Consumer credit as a proportion of total retail lending in the Nordics, 2001-2005; Table 165: Consumer credit as a proportion of GDP in the Nordics, 2005; Table 166: Consumer credit balances outstanding per capita in the Nordics, 2001-2005; Table 167: Consumer credit balances outstanding by product in the Nordics, 2004; Table 168: Consumer credit balances outstanding by product in the Denmark, 2004; Table 169: Consumer credit balances outstanding by product in the Finland, 2004; Table 170: Consumer credit balances outstanding by product in the Norway, 2004; Table 171: Consumer credit balances outstanding by product in the Sweden, 2004; Table 172: Market shares of the leading consumer credit providers in the Nordic region, 2004; Table 173: Market shares of the leading credit card providers in the Nordic region, 2004; Table 174: Real GDP growth in Portugal, 2001-2005; Table 175: Consumer credit gross advances in Portugal, 2001-2005; Table 176: Consumer credit balances outstanding in Portugal, 2001-2005; Table 177: Consumer credit balances outstanding as a proportion of total retail lending in Portugal, 2001-2005; Table 178: Consumer credit balances outstanding per capita, 2001-2005; Table 179: Market shares by consumer credit balances outstanding in Portugal, 2004; Table 180: Credit card market shares by balances outstanding, 2004; Table 181: Percentage change of GDP from the previous year, 2001-2005; Table 182: Rate of unemployment in Spain, 2001- 2005; Table 183: Consumer credit gross advances in Spain, 2001-2005; Table 184: Consumer credit balances outstanding in Spain, 2001-2005; Table 185: Consumer Credit as a proportion of total retail lending in Spain, 2000-2005; Table 186: Market shares of consumer credit gross advances by product in Spain, 2004; Table 187: Market shares of consumer credit balances outstanding by product in Spain, 2004; Table 188: Market share of total consumer credit balances outstanding for the top five Spanish consumer credit providers, 2004; Table 189: Market shares of credit card balances outstanding of the top five Spanish credit card providers, 2004; Table 190: Real GDP growth rate in Turkey, 2001-2005; Table 191: Inflation in Turkey, 2001-2005; Table 192: Labour statistics in Turkey, 2001-2005; Table 193: Consumer credit gross advances in Turkey, 2001-2005; Table 194: Consumer credit balances outstanding in Turkey, 2001-2005; Table 195: Consumer credit as a proportion of total retail lending in Turkey, 2001-2005; Table 196: Market shares by consumer credit balances outstanding by product in Turkey, 2004-2005; Table 197: Market shares of consumer credit balances outstanding by type of institution in Turkey, 2004; Table 198: Market share of total consumer credit balances outstanding for the top five Turkish consumer credit providers, 2004; Table 199: Market shares of credit card balances outstanding of the top five Turkish credit card providers, 2004
List of Figures: Figure 1: Key statistics for the Austrian consumer credit market, 2005; Figure 2: Impacted by a weak German economy, Austrian economic growth has been solid but subdued in recent years, 2001-2005; Figure 3: Austria has maintained a low inflation rate over the past five years, 2000-2005; Figure 4: Unemployment has been rising in recent years, 2001-2005; Figure 5: The seven pillars of Austrian consumer lending, 2004; Figure 6: New lending of consumer credit in Austria is estimated to have reached €6.5 billion, 2004e-2005e; Figure 7: Between 2001 and 2003 consumer credit balances outstanding fell in Austria, before a sharp rise in 2004, 2001-2005e; Figure 8: Consumer credit as a proportion of total retail lending in Austria fell between 2001 and 2004, 2001-2005e; Figure 9: In terms of balances outstanding, personal loans are the leading consumer credit product in Austria, 2004; Figure 10: The Raiffeisen group has the largest market share of consumer credit balances outstanding providers in Austria, 2004; Figure 11: BA-CA is the leading credit card provider in Austria, 2004; Figure 12: Consumer credit gross advances in the Austrian market will grow at a CAGR of 5.6 per cent to reach €8.9 billion in 2010, 2004-2010f; Figure 13: Key statistics for the Benelux consumer credit market, 2005; Figure 14: Both the Dutch and Belgian economies have stuttered in recent years, 2001-2005; Figure 15: Following its peak in 2001, inflation in the Netherlands is now below the levels witness in Belgium and Luxembourg, 2000-05; Figure 16: Belgium has the highest unemployment rate in the Benelux region, 2001-2005; Figure 17: While new lending in the Dutch consumer credit market contracted, new lending in Belgium and Luxembourg grew steadily, 2001-2005e; Figure 18: Consumer credit balances outstanding have increased in all three Benelux markets, 2001-2005e; Figure 19: Consumer credit balances outstanding as a proportion of total retail lending has been falling year-on-year, 2001-2005e; Figure 20: Personal loans account for the largest proportion of new lending in the Benelux consumer credit market, 2004; Figure 21: Personal loans accounted for over half of outstanding balances in all three consumer credit markets in the region, 2004; Figure 22: Regulatory overview of the Belgian Banking market, 2005; Figure 23: Regulatory overview of the Netherlands, 2005; Figure 24: Regulatory overview of Luxembourg, 2005; Figure 25: Banks account for the vast majority of the consumer credit market in the Benelux region, 2004; Figure 26: Banks are the leading consumer credit provider in the Netherlands, 2004; Figure 27: The leading consumer credit provider in the Benelux region was ABN AMRO, 2004; Figure 28: Fortis is the leading credit card lender in Belgium, 2004; Figure 29: ING is the leading credit card lender in the Netherlands, 2004; Figure 30: 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 31: Key statistics for the French consumer credit market, 2005; Figure 32: The French economy is the third largest in Europe, 2005; Figure 33: France has enjoyed a period of positive economic growth, 2001 to 2005; Figure 34: The French economy is dominated by the services sector, while the agriculture sector accounts for just 2.2 per cent of economic output, 2005; Figure 35: French inflation has been kept at or below two per cent p[er annum in recent years, 2000-2006; Figure 36: France has a relatively high proportion of its population under 15 years of age in comparison to its peers, 2005; Figure 37: The three pillars of the French retail banking system; Figure 38: Consumer credit gross advances in France have been rising steadily, 2001-2005e; Figure 39: Consumer credit balances outstanding have grown slowly in France, 2001-2005e; Figure 40: Growth in the mortgage market has reduced its share of the market, 2001-2005; Figure 41: Retail finance is the major consumer credit product in terms of gross advances in France, 2004; Figure 42: In terms of balances outstanding, personal loans are the major consumer credit product in France, 2004; Figure 43: Regulatory overview of France, 2005; Figure 44: Consumer credit in France is split almost evenly between banks and other providers, 2004; Figure 45: Cetelem is the leading consumer credit provider in France, 2004; Figure 46: Caisse d'Epargne is the leading credit card lender in France, 2004; Figure 47: Main merger and acquisition activities in the French market, 1996-2005; Figure 48: Gross advances in the French consumer credit market will grow at a CAGR of 7.0 per cent to reach €206.6 billion in 2010, 2001-2010f; Figure 49: Key statistics for the German consumer credit market, 2005; Figure 50: Germany has the highest GDP in Europe, 2005; Figure 51: While the economic situation in Germany has now improved, GDP growth between 2001 and 2005 depicts the dire state of the German economy in recent years, 2001-2005; Figure 52: The German economy is dominated by the services sector, 2005; Figure 53: Unemployment in Germany has been on the rise, 2001-2005; Figure 54: Germany has the highest population among the major European countries, 2005; Figure 55: Germany has the fourth highest percentage of population over the age of 20 after Italy, Spain and Greece 2005; Figure 56: The three pillars of German banking, 2005; Figure 57: Banking groups in the three pillars, 2005; Figure 58: There was a fall in new lending in the German consumer credit market in 2005, 2001-2005e; Figure 59: There was a fall in consumer credit balances outstanding in 2005 in Germany, 2001-2005; Figure 60: Mortgages are the dominant retail lending product in Germany, 2001-2005e; Figure 61: Personal loans account for over half of consumer credit in terms of gross advances in Germany, 2004; Figure 62: Personal loans account for well over half of the total German consumer credit market on a measure of balances outstanding, 2004; Figure 63: Regulatory overview of Germany, 2005; Figure 64: Banks in Germany have the major share of the consumer credit market, 2004; Figure 65: The Sparkassen Group is the leading consumer credit provider in France, 2004; Figure 66: Barclaycard Deutschland is the leading credit card lender in Germany, 2004; Figure 67: Overview of the main mergers and acquisitions in Germany in recent years, 1998-2005; Figure 68: While the German consumer credit market is expected to return to growth in 2006, the market will continue to struggle, 2001-2010f; Figure 69: Key statistics for the Greek consumer credit market, 2005; Figure 70: Greece has the second lowest GDP in 2005; Figure 71: Greece recorded the highest GDP growth, 2001 to 2005; Figure 72: The Greek economy is dominated by the services sector, 2005; Figure 73: Greece has a history of high unemployment, 2000-2005; Figure 74: Greece's population is of similar size to that of Belgium, 2005; Figure 75: Consumer credit gross advances grew at a CAGR of 28.8 per cent from 2001 to 2005; Figure 76: Consumer credit balances outstanding grew at a CAGR of 27.7 per cent from 2001 to 2005; Figure 77: Consumer credit accounts for a third of retail lending in Greece, 2001-2005; Figure 78: In terms of balances outstanding credit cards are the leading consumer credit product in Greece, 2004; Figure 79: Regulatory overview of Greece, 2006; Figure 80: Eurobank is the leading consumer credit provider in Greece, 2004; Figure 81: Eurobank is the leading credit card lender in Greece, 2004; Figure 82: Mergers and acquisitions in the Greek banking market, 1999-2002; Figure 83: Gross advances in the Greek consumer credit market will grow at a CAGR of 14.8 per cent to reach €37.6 billion in 2010, 2001-2010f; Figure 84: Key statistics for the Irish consumer credit market, 2005; Figure 85: Ireland has the smallest economy among the sample of European countries shown, 2005; Figure 86: Services and agricultural sectors are the major contributors to Ireland's GDP, 2002; Figure 87: The rate unemployment in Ireland is low when compare to the Western European average, 1998-2005; Figure 88: Ireland has one of the smallest populations in Europe, 2005; Figure 89: Consumer credit gross advances reached a peak in 2005, 2003 to 2005e; Figure 90: Consumer credit balances outstanding have grown at a CAGR of 18.5 per cent over the past five years, 2001 to 2005; Figure 91: Consumer credit has not been growing as fast as mortgage lending in Ireland, 2001-2005; Figure 92: In terms of balances outstanding personal loans are the leading consumer credit product in Ireland, 2004; Figure 93: Regulatory overview of Ireland, 2006; Figure 94: Bank of Ireland is the leading consumer credit provider in Ireland, 2004; Figure 95: Allied Irish Bank is the leading credit card lender in Ireland, 2004; Figure 96: Gross advances in the Irish consumer credit market will grow at a CAGR of 7.2 per cent to reach €13.3 billion in 2010, 2003-2010f; Figure 97: Key statistics for the Italian consumer credit market, 2005; Figure 98: The Italian economy has performed poorly in recent years, 2001 - 2005; Figure 99: The Italian inflation rate has fluctuated around the two per cent market in recent years, 2000-2005; Figure 100: Unemployment in Italy has been falling in recent years, 2000-2005; Figure 101: In terms of new lending, the Italian consumer credit market has grown rapidly, 2001-2005; Figure 102: Consumer credit balances outstanding have grown nearly as fast as new lending in the Italian market, 2001-2005; Figure 103: Consumer credit now accounts for a marginally smaller share of the retail lending market compared to five years ago, 2001-2005; Figure 104: Motor finance accounts for the largest share of consumer credit gross advances in Italy, 2004; Figure 105: In terms of balances outstanding, motor finance is the leading consumer credit product in Italy, 2004; Figure 106: Regulatory overview of Italy, 2004; Figure 107: Banks have the largest share of consumer credit balances outstanding in Italy, 2004; Figure 108: Findomestic is the leading consumer credit provider in Italy, 2004; Figure 109: Unicredito is the leading credit card lender in Italy, 2004; Figure 110: Main mergers in Italy, 1998 - 2005; Figure 111: Gross advances in the Italian consumer credit market will grow at a CAGR of 4.2 per cent to reach €68.3 billion in 2010, 2001-2010f; Figure 112: Key statistics for consumer credit in the Nordic region, 2005; Figure 113: Following a slowdown in 2001-2, real GDP growth in the Nordic are has picked up, 2000-2005; Figure 114: Sweden has the highest level of liquid assets in the Nordic region, 2004; Figure 115: 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 116: The four pillars of Nordic Banking, 2006; Figure 117: 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 118: 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 119: Finland has the highest level of consumer credit as a proportion of total retail lending, but this has been falling, 2001-2005; Figure 120: Denmark has the highest level of consumer credit, in the Nordics, in relation to its overall economy, 2005; Figure 121: Norwegians have the highest outstanding consumer credit debt in the Nordic region, 2005; Figure 122: Personal loans are the major consumer credit product in the Nordic region, 2004; Figure 123: Regulatory overview of Denmark, 2006; Figure 124: Regulatory overview of Finland, 2006; Figure 125: Regulatory overview of Norway, 2006; Figure 126: Regulatory overview of Sweden, 2006; Figure 127: Banks in the Nordic region dominate the consumer credit market, 2004; Figure 128: Danske Bank is the leading consumer credit provider in the Nordic region, 2004; Figure 129: DnB NOR is the leading credit card lender in the Nordics, 2004; Figure 130: Acquisitions of banks by the top five consumer credit providers in the Nordics, 1997-2005; Figure 131: Lenders are advertising on online auction sites, which are increasingly popular in Sweden, 2006; Figure 132: 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 133: Key statistics for the Portuguese consumer credit market, 2005; Figure 134: Despite experiencing positive economic growth in 2004-5, the Portuguese economy remains fragile, 2001-2005; Figure 135: Despite declining significantly in recent years, inflation is still running at a relatively high level, 2000-2005; Figure 136: Unemployment in Portugal has risen in recent years, 2001-2005; Figure 137: The structure of the Portuguese banking industry, 2005; Figure 138: In terms of new lending, consumer credit growth has been weak, 2001-2005; Figure 139: The Portuguese consumer credit market has performed poorly over the last five years, but balances have increased, 2001-2005; Figure 140: Consumer credit as a proportion of total lending has fallen in Portugal over the last five years, 2001-2005; Figure 141: Motor finance accounts for the largest proportion of consumer credit balances in Portugal, 2004; Figure 142: Regulatory overview of Portugal, 2004; Figure 143: Banks have the largest share of balances outstanding of consumer credit in Portugal, 2004; Figure 144: Millennium BCP is the leading consumer credit provider in Portugal, 2004; Figure 145: Millennium BCP is the leading credit card lender in Portugal, 2004; Figure 146: Consolidation in the Portuguese consumer credit market, 2000-2005; Figure 147: 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 148: Key statistics for the Spanish consumer credit market, 2005; Figure 149: GDP growth in Spain slowed in 2000 and 2001, but has since recovered, 2000-2005; Figure 150: The services sector is the greatest contributor to Spanish GDP, 2005; Figure 151: Inflation in Spain has been consistently over three per cent in recent years, 2000-2005; Figure 152: Despite declining slightly in recent years, unemployment in Spain remains high, 2002-2005; Figure 153: The three pillars of Spanish banking, 2005; Figure 154: Banks in Spain in the three pillars, 2005; Figure 155: Consumer credit gross advances in Spain have been rising fast, 2001-2005; Figure 156: Consumer credit balances outstanding in Spain have been rising year-on-year, 2001-2005; Figure 157: Consumer credit rose for the first time as a proportion of total retail lending in Spain, 2001-2005; Figure 158: Retail finance is the major consumer credit product in terms of gross advances in Spain, 2004; Figure 159: In terms of balances outstanding personal loans are the major consumer credit product in Spain, 2004; Figure 160: Regulatory overview of Spain, 2005; Figure 161: Santander is the leading consumer credit provider in Spain in terms of outstanding balances, 2004; Figure 162: Santander is the leading credit card lender in Spain, 2004; Figure 163: Mergers and acquisitions in the Spanish banking market, 1998-2005; Figure 164: Gross advances in the Spanish consumer credit market will grow at a CAGR of 10.4 per cent to reach €87.0 billion in 2010, 2001-2010f; Figure 165: Key statistics for the Turkish consumer credit market, 2005; Figure 166: The performance of Turkey's economy has fluctuated experiencing a major recession in 2001, 2000- 2005; Figure 167: After peaking in 2001, inflation in Turkey has fallen, 2000-2005; Figure 168: Unemployment has been rising in recent years, 2000-2005; Figure 169: The three pillars of Turkish commercial banking, 2006; Figure 170: Consumer credit gross advances have risen rapidly in Turkey, 2001-2005; Figure 171: Consumer credit balances outstanding have risen rapidly in Turkey, 2001-2005; Figure 172: Consumer credit is the main form of retail lending in Turkey, 2001-2005; Figure 173: Credit cards are the leading consumer credit product in Turkey, 2004-2005; Figure 174: Banks have the largest share of consumer credit balances outstanding in Turkey, 2004; Figure 175: In 2004, Akbank were the leading suppliers of consumer credit in Turkey, 2004; Figure 176: Garanti Bankasi is the leading credit card lender in Turkey, 2004; Figure 177: The process of Akbank's "Speedy Cell Credit, 2006; Figure 178: Gross advances in the Turkish consumer credit market will grow at CAGR 17.6 per cent to reach €169.1 billion in 2010, 2001-2010f; Figure 179: Datamonitor's core consulting capabilities

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