Saudi Arabia Consumer Finance Market, Competition Forecast & Opportunities, 2022 - Demand for Sharia-Compliant Consumer Finance Products - Research and Markets

News provided by

Research and Markets

28 Apr, 2017, 12:00 GMT

DUBLIN, April 28, 2017 /PRNewswire/ -- Research and Markets has announced the addition of the "Saudi Arabia Consumer Finance Market By Type (Unsecured Consumer Finance and Secured Consumer Finance), Competition Forecast & Opportunities, 2012-2022" report to their offering. The consumer finance market across the country is anticipated to grow to $ 344 billion by 2022.

High demand for residential houses from expatriates entering the country, rising land prices, increasing number of initiatives by government to strengthen the financial system and aggressive marketing strategies by banks to provide low interest rate consumer finance products are projected to drive the consumer finance market in Saudi Arabia through the next five years. Increasing population and rising demand for technologically advanced and luxurious consumer durable products are among the other major factor anticipated to boost consumer finance market in the country during 2017-2022. Al Rajhi Banking & Investment Corporation, National Commercial Bank, Riyad Bank are the major entities involved in offering a wide range of consumer finance products in the country.

Unsecured consumer finance held a majority share in the country's consumer finance market in 2016, and it is anticipated that unsecured consumer finance products such as personal loans and credit cards would be the highest demand generators among all segments of consumer finance during the forecast period. The country's Northern & Central region has emerged as the highest demand generator of consumer finance over the last five years, followed by Western, Eastern and Southern regions.

Saudi Arabia Consumer Finance Market discusses the following aspects of consumer finance market across the globe:

  • Saudi Arabia Consumer Finance Market Size, Share & Forecast
  • Segmental Analysis - (Unsecured Consumer Finance - Personal Loan, Home Improvement Loan, Credit Card, Consumer Durable Finance, Education Loan and Other Unsecured Consumer Finance; and Secured Consumer Finance - Collateral Loan, Housing Loan and Auto Loan)
  • Policy & Regulatory Landscape
  • Changing Market Trends & Emerging Opportunities
  • Competitive Landscape & Strategic Recommendations

Market Trends & Developments

  • Consumer Finance Approval through Online Channels
  • Demand for Sharia-Compliant Consumer Finance Products
  • Changing Borrowing Patterns due to Increasing Cost of Living
  • Policy Developments for Foreign Banks' Participation
  • Changing Marketing Strategies

Companies Mentioned

  • Al Rajhi Banking & Investment Corporation SJSC
  • Alawwal Bank
  • Alinma Bank SJSC
  • Arab National Bank
  • Banque Saudi Fransi SJSC
  • National Commercial Bank SJSC
  • Riyad Bank SJSC
  • Samba Financial Group SJSC
  • Saudi British Bank
  • Saudi Investment Bank SJSC

For more information about this report visit http://www.researchandmarkets.com/research/xlcj3p/saudi_arabia

Media Contact:

Research and Markets

Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Related Links

http://www.researchandmarkets.com