The Global Lending Market Is Expected To Grow To $9.2 Trillion By 2021 According To TBRC’s Latest Re
Added: (Thu May 10 2018)
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The lending market comprises establishments engaged in making secured or unsecured loans to various entities. Entities include establishments such as finance companies, personal credit institutions, loan companies and student loans companies. This market covers all types of loans such as mortgage loan, personal loan, working capital loan, vehicle loan, industrial loans and others.
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The reason for substantial growth of the market from $7 trillion in 2017 to $9.2 trillion in 2021 is that the increasing demand for loans in developing countries such as Brazil, Russia, India and China (BRIC).
The market in the report is segmented into: corporate, household and government.
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China was the largest country in the lending market in 2017, accounting for one-third of the market share. This can be attributed to demand for low interest loans in Chinese manufacturing sector. China was followed by the USA and Brazil.
The top five competitors in the market made up 6.3% of the total market share in 2017. Industrial and Commercial Bank of China was the largest competitor, followed by Agricultural Bank of China, Bank of China, Citigroup Inc and JP Morgan. Industrial and Commercial Bank of China was the largest competitor in the lending industry with a 1.8% share of the market in 2016. It was founded in 1984 and is based in Beijing, the People's Republic of China. Its distribution network consists of around 17,094 domestic institutions and 404 overseas institutions, as well as 1,611 correspondent banks.
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