When The Bank of Greece Revoked Maximum Limits on Consumer Credit in 2004, Greek Banks Started To Offer a Wider Variety of Consumer and Personal Loans to Private Individuals.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c45937) has announced the addition of Consumer Credit in Greece 2006 to their offering. Greece has one of the fastest growing consumer credit markets in Europe. This report looks at how the consumer credit market in Greece has developed as it has grown in size. Covering market size, trend analysis, market forecasts, competitor market shares and key regulatory and competitor developments in the market. Scope of this title: - 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 of this title: - The consumer credit market in Greece has accounted for a higher than normal share of the total retail lending market partly because of an underdeveloped un·der·de·vel·oped adj. Not adequately or normally developed; immature. mortgage market, but also because historically high interest rates have encouraged shorter term consumer credit borrowing over long term secured borrowing. - The slower growth of the POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale market compared to the total consumer credit market is partly due to Greeks becoming more aware of different consumer credit products. This means that rather than taking the first product they are offered, Greeks now investigate and research different products to find the product that is most suited to their needs. - When the Bank of Greece This article is about the central bank of Greece. For the largest commercial bank in Greece, see National Bank of Greece. The Bank of Greece (Greek: "Τράπεζα της Ελλάδος") revoked maximum limits on consumer credit in 2004, Greek banks started to offer a wider variety of consumer and personal loans to private individuals. The change in regulation led to Greek banks becoming more and more innovative in what is a competitive market. Reasons to order your copy: - Learn how the Greek 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 our opinion on the future performance of the Greek consumer credit market over the next five years and its future prospects Content Outline: 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 GDP (guanosine diphosphate): see guanine. Sectoral composition of the economy Inflation Distribution of income (GINI Coefficient The Gini coefficient is a measure of statistical dispersion most prominently used as a measure of inequality of income distribution or inequality of wealth distribution. It is defined as a ratio with values between 0 and 1: the numerator is the area between the Lorenz curve of the ) Unemployment Demographics The attributes of people in a particular geographic area. Used for marketing purposes, population, ethnic origins, religion, spoken language, income and age range are examples of demographic data. Market structure Commercial banks Specialized credit institutions Market data Total consumer credit Gross advances Balances outstanding Consumer credit per capita [Latin, By the heads or polls.] A term used in the Descent and Distribution of the estate of one who dies without a will. It means to share and share alike according to the number of individuals. Consumer credit product statistics Consumer credit balances outstanding by product Regulatory environment Industry regulators Bank of Greece Hellenic Capital Market Commission Industry associations Hellenic Bank Hellenic Bank (CSE: HB ), is the third largest bank on the island of Cyprus with a 10.47% share of deposits and 7.92% of the loans market. Its shares are listed on the Cyprus Stock Exchange. It was founded in 1976 and in 1996 it bought the local operations of Barclays Bank. Association Credit bureaux Regulatory issues in the market European consumer credit directive The Central Bank scraps maximum loan limits in 2004 Chapter 3 Competitor and product overview Top five consumer credit lenders Market share by balances outstanding Profiles of the top five consumer credit providers EFG EFG Electric Field Gradient EFG Edge-defined Film-fed Growth EFG European Financial Group EFG European Federation of Geologists EFG Egyptian Financial Group EFG Epic Fail Guy EFG Earth Federation Government (Mobile Suit Gundam) Eurobank National Bank of Greece The National Bank of Greece (NBG; Greek: Εθνική Τράπεζα της Ελλάδος Alpha Bank Alpha Bank is the second largest bank in Greece with 450 branches throughout the country. It also has a subsidiary and branch in London, and branches and subsidiaries throughout the Balkans (see "International expansion" below). History
Piraeus Bank Piraeus Bank Group is one of the most dynamic and active financial organizations in Greece today. Founded in 1916, Piraeus Bank went through a period of state ownership and management (1975-1991) before it was privatised in December 1991. Emporiki Bank The Emporiki Bank (Greek: Εμπορική Τράπεζα) is a Greek bank. Its headquarters is in Athens, and the bank has hundreds of branches across Greece, as well as operations in a number of other countries. Top five credit card lenders Market share by balances outstanding Competitor developments Merger, acquisition and expansion activity in the Greek banking market Foreign players have been buying stakes in Greek banks Specialist European consumer credit providers are gaining presence in the Greek market Product analysis Typical product characteristics Personal loans Credit cards POS finance Overdrafts Product innovation Chapter 4 Forecasting the consumer credit market in greece Forecasting gross advances Gross advances in the Greek consumer credit market will reach a[logical not]37.6 billion in 2010 A number of factors will drive this growth Future prospects Strengths Weaknesses Opportunities Threats Chapter 5 Appendix Supplementary data Definitions Balances outstanding CAGR CAGR See: Compound Annual Growth Rate Consumer credit Credit card Gross advances Point of sale motor finance Retail finance Forecasting methodology Research methodology Relevant readings Our custom research capabilities Retail Banking Team contact details List of Tables Companies Mentioned: EFG Eurobank National Bank of Greece Alpha Bank Piraeus Bank Emporiki Bank For more information visit http://www.researchandmarkets.com/reports/c45937 Source: Datamonitor |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion