When consumer credit revives dynamism


According to several barometers, the consumer credit market is recovering in France, but also in Europe. The sector is now returning to dynamism.

In France, consumer loans continue to grow. According to data from the French Association of Financial Companies (ASF), consumer loans increased in France by almost 7% in the second quarter of 2016 compared to the same period in 2015. In June 2016, more than 3.5 billion dollars of this funding was provided. In detail, personal loans increased by 3.5% in the second quarter compared to almost 13% in the first quarter, an increase of around 7.7% in the first six months of the year.


Auto Financing

car loan

Auto financing, favored by leasing operations with a purchase option, continues to drive the sector up with an increase of 21.8% in the second quarter and around 21.1% in the first six months of the year. ‘year.

As for revolving loans which have declined since the tightening of regulations concerning them, the statistics show a slight increase of 0.9% in the second quarter, after an increase of 1.8% in the first three months, an increase of around 1.3% in six months .


Consumer loans progress in several European countries

Consumer loans progress in several European countries

Contrary to the last years where consumer credit has met with considerable enthusiasm, a recent study shows that success is again on the agenda in several countries of the European Union. In 2015, consumer loan outstandings increased 2.9% to $ 1,124 billion.

As a result, it is clear that the outstanding amounts of this type of financing have increased for the first time since the crisis, they are now approaching production levels not seen for several years. However, the situations remain contrasted between the different European countries.

In fact, it is in the dynamic countries of the European Union (United Kingdom, Germany, France, etc.) that consumer credit shows its good health. The increase in these countries allows European outstandings to go green, but almost 10 EU countries still recorded a fall in outstandings in 2015

In Spain, assets declined by 6% last year. In Portugal and Italy, the trend is towards stabilization in a context of resumption of growth.

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