NEW YORK, Nov. 2, 2015 /PRNewswire/ -- France saw only sluggish economic recovery during the review period, following the economic downturn seen just prior to these years. Many consumers thus remain concerned about their financial prospects, with many seeking to reduce debts as a result. This trend was furthermore encouraged by the French government tightening regulations covering consumer credit via legislation such as the Loi Lagarde and Loi Hamon. Overall gross lending thus saw current value decline in consumer lending during the review period, while growth in outstanding balance had slowed almost to a halt by 2015.
In 2015, gross lending however returned to current value growth for the first time in the review period, both for overall consumer lending and for consumer credit. This recovery is linked to attractively low interest rates, while low inflation and fuel prices are also making consumers more willing to borrow.
Euromonitor International's Consumer Lending in France report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Consumer Credit, Mortgages/Housing.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
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* Get a detailed picture of the Consumer Lending market;
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* Use five-year forecasts to assess how the market is predicted to develop.
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