Major companies in the lending market include China Construction Bank, Agricultural Bank Of China, JPMorgan Chase & Co., Bank of China, Industrial and Commercial Bank of China, Citi Group, Bank of America Corporation, State Bank of India, Mitsubishi UFJ Financial Group and Legal & General Group plc.
New York, May 20, 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of Lending Global Market Report 2022 – https://www.reportlinker.com/p06277924/?utm_source=GNW
The global loan market is expected to grow from $7,070.08 billion in 2021 to $7,833.88 billion in 2022 at a compound annual growth rate (CAGR) of 10.8%. The market is expected to reach $11,285.05 billion in 2026 at a compound annual growth rate (CAGR) of 9.6%.
The loan market consists of the sale of loan services (loans) by entities (organizations, sole proprietorships and partnerships) which undertake to provide secured or unsecured loans to borrowing entities. Lending entities include institutions such as finance companies, personal lending institutions, business loan companies and student loan companies.
This market covers all types of loans, including mortgages, personal loans, working capital loans, auto loans and industrial loans. sanctioned, but not the value of the loans themselves.
This market includes interest earned by banks on credit cards and other payment cards as well as on mortgages and other loans.
The main types of loans are business loans, household loans and government loans. Business loans refer to a loan which is a commercial loan intended for business purposes.
Variable interest rates are fixed rates, floating rates. The different lending channels include offline and online.
Western Europe was the largest lending market region in 2021. Asia-Pacific was the second largest lending market region.
Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Banks and financial institutions are adopting digitization solutions to modernize their commercial lending businesses. This development is mainly the result of increased competition between banks and a growing demand for a simplified and fast commercial lending process.
Digitization enables faster approval of commercial loans, which can otherwise be a complex and slow process. It also allows banks to target new categories of customers and offer customer-centric solutions, which improves the efficiency of the commercial lending industry.
The main companies that have integrated digitalization into lending are Commonwealth Bank of Australia, Hana Bank and Fidor Bank.
Equity loans, also known as syndicated loans, are gaining in importance because they reduce the risks associated with lending large amounts of capital. Equity lending is the process of granting a loan by multiple lenders to a borrower.
Equity loans are generally provided by one financial institution and administered by another. The popularity of crowdlending is becoming popular as it provides a channel to offer diversified loan products and improves business liquidity.
This partnership provides financial institutions with greater business lending opportunities by allowing them to share both financing and risk. It eliminates the need for manual information tracking by optimizing the entire loan process.
Some of the companies involved in equity lending are Coastway Community Bank, Shamrock Financial Corp. and Homestar Mortgage.
The countries covered by the loan market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines , Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela and Vietnam.
Read the full report: https://www.reportlinker.com/p06277924/?utm_source=GNW
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