Germany Retail Banking Market - Total Loan Balances Outstanding Expected to Maintain the Growth Trend & Record a CAGR of 3.1% Over the Forecast Period 2019-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 8, 2020--
The “Germany Retail Banking: Opportunities and Risks to 2023” report has been added to ResearchAndMarkets.com’s offering.
Germany’s total loan balances outstanding (including credit card, personal loan, and residential mortgage balances outstanding) recorded a compound annual growth rate (CAGR) of 3.1% during the review period (2014-18) to reach 1.7tn ($1.9tn). The burden of household debt to GDP growth is lower than other developed nations around the world, as German consumers are more averse to debt and have a higher savings ratio. The German economy is characterized by income and employment growth that has provided a boost in domestic consumption. This has resulted in a consistent fall in the household debt-to-GDP ratio since 2009. Despite political tensions and an expected economic slowdown, the fall in unemployment rates and rise in gross household disposable income are expected to prevent the country’s debt from increasing further. Consequently, we estimate the total loan balances outstanding to maintain the growth trend and record a CAGR of 3.1% over the forecast period (2019-23).
Germany’s gross household savings rate stood at 15.3% in 2018 - the fourth highest in Europe. This suggests that Germans invest much of their wealth via deposits, due to a longstanding investment preference for liquid and low-risk assets. Consequently, despite low deposit interest rates, retail deposit balances in Germany grew at a CAGR of 3.8% during the review period.
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KEYWORD: GERMANY EUROPE
INDUSTRY KEYWORD: RETAIL BANKING PROFESSIONAL SERVICES OTHER RETAIL
SOURCE: Research and Markets
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PUB: 01/08/2020 06:36 AM/DISC: 01/08/2020 06:36 AM