Following the economic downturn in 2009, many banks became unwilling to lend due to a sharp rise in non-performing loans. From a rate of below 3% in 2006, there was a rise to 4% in 2009 and 5% in 2010. This was due to rising unemployment and the large number of expatriate workers in the country. These workers are not permitted to remain in the country without employment. Consequently, many of these workers abandoned their cars at airports when leaving without repaying auto lending or defaulted...
Euromonitor International's Consumer Credit in United Arab Emirates 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: Auto Lending, Card Lending, Durables Lending, Education Lending, Home Lending, Other Personal Lending.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
* Get a detailed picture of the Consumer Credit market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.
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