Investor Presentaiton
Consumer Loan Stock
Stable European Consumer Loan Stock
■ The consumer credit stock in the EU has been relatively stable for the past five years, although
credit for consumption has steadily been increasing at a 3.2% CAGR since 2013
Many authorities in respective European countries are reporting that demand for consumer credit
has been increasing both in terms of volume and value of loans.
■This is suggested to be an effect of decreasing interest rates and sustained growth of private
consumption, but also stricter amortising requirements on mortgages, which has created
additional pressure on consumers' disposable income
■ The European consumer credit market is expected to continue to increase due to:
■ Overall economic improvement and rise in domestic consumption
Banking groups' refocusing on the consumer credit market
Outstanding consumer credit in the
EU28, 2013-2017 (EUR bn)¹
Strong activity in the Nordics
■ Ferratum's core market, the Nordics, has experienced favourable growth in consumer lending in
the last couple of years
■ Overall, activity in the Nordics stayed strong in 2017, except for Denmark, where activity has
been slow due to a government initiated debt-reduction strategy in 2009
■ With the exception of Sweden, where the savings rate is historically high, the Scandinavian
countries had higher per capita outstandings than average for Europe
■ The outstandings/consumption ratio also reflects contrasting realities: while outstandings made
up nearly 20% of end consumption in Norwegian households, this ratio fell to 10% for Sweden
Outstanding consumer loans in the
Nordics, 2013-2017 (EUR bn)²
1,750
1,736
1,779
1,762
1,786
48
45
41
42
39
3
938
917
910
886
865
8
8
७
Denmark
11
Norway
7
Other lending
15
13
14
15
Finland
13
812
819
869
876
921
Credit for
consumption
Sweden
18
20
20
21
22
23
2013
2014
2015
2016
2017
Source: European Banking Authority, Norwegian Financial Supervisory Authority, Swedish Financial Supervisory Authority, Finlands
Bank, Statistics Denmark Note: 1) Other lending refers to consumer loans for e.g. business or education. 2) Variations exists in the
definition of consumer credit in the Nordics (e.g. statistics for Denmark only include consumer credit provided by non-banks)
2013
2014
2015
2016
2017
ferratum
45
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