沙烏地阿拉伯的消費者金融市場

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Product coverage

Consumer lending; Financial cards and payments

Executive summary

Boost in the economy increases consumer spending

Saudi Arabia comprises the largest economy in the whole of the Middle East, with multi-billion dollar economic development projects under way and many more in the planning stage in both the public and private sectors. The Kingdom' s real estate construction sector continues to be fuelled by the increasing population, which has grown eight-fold over the last two decades, and is expected to continue to rise over the forecast period. These large multi-billion dollar public and private projects are under way in order to provide the necessary infrastructure, housing facilities, education and other essential services needed to support this massive growth. As a result of the new opportunities created by the boom, consumer expenditure increased significantly over the review period, and is expected to maintain the positive trend over the forecast period.

Saudi consumers now better informed about consumer finance

In order to penetrate the financial cards and payments market, Saudi Banks are competing for market share as well as aiming to increase the penetration level of debit, credit and charge cards. They are educating their customers on the use and advantages of debit and credit cards. Saudi banks are also trying to penetrate different and some formerly untapped segments, such as women, with the aim of extending the market from the masses and students to the elite of affluent customers. It is likely that during the forecast period a significant percentage of bankable Saudi consumers will be issued with a credit card. Currently, the penetration rate of credit cards in Saudi Arabia is relatively low. Therefore, there is significant room for growth and expansion among existing bank and other credit institutions, as well as potential newcomers.

Kingdom' s massive population growth behind increase in debit cards

Population growth and surging oil revenues are the key dynamics stimulating both the economy and consumer spending. The Saudi government is encouraging banks to issue debit cards to all government employees and transfer their salaries directly to the banks. As a result of this policy, a significant increase in the bankable population was seen over the review period. This trend is likely to continue over the forecast period, as more people enter the job market. Debit transactions are increasing significantly and they will continue to increase over the forecast period, as the booming economy of Saudi Arabia is allowing consumers to purchase new cars or homes that they wish to equip with domestic electrical appliances, consumer electronics, home furniture and other home items.

Huge shopping malls offer excitement in shopping

With the massive growth in the economy, shopping malls in Saudi Arabia are mushrooming in all cities. The Kingdom' s shopping malls serve two purposes: shopping and entertainment. Shopping centres, which are fully air-conditioned, are increasingly part of the lifestyle. Therefore, shopping is not just an activity everyone does, it is an activity that everyone enjoys and has a stimulating effect on card payment transactions.

Positive trend in the use of credit cards and charge cards

Saudi Arabia is relatively cash-based society, but is expected to change rapidly to a card society over the forecast period. As little as 20 years ago, almost no one had credit cards and almost no merchant accepted them. Previously, people would purchase a car with a shopping bag or two full of currency, but today more consumers are taking advantage of developing financial services. Credit cards are becoming more popular in Saudi Arabia, and are expected to reach a high level of penetration over the forecast period. It is expected that over the next few years, a significant percentage of newly banked consumers will carry and use credit or charge cards in the Kingdom.

• CONSUMER FINANCE IN SAUDI ARABIA : MARKET INSIGHT
• EXECUTIVE SUMMARY
• Boost in the economy increases consumer spending
• Saudi consumers now better informed about consumer finance
• Kingdom' s massive population growth behind increase in debit cards
• Huge shopping malls offer excitement in shopping
• Positive trend in the use of credit cards and charge cards
• KEY TRENDS AND DEVELOPMENTS
• Healthy economic growth increases consumer spending
• Awareness of financial services increasing among Saudis
• Growth in population boosts consumer finance
• Boost in housing market helps credit and charge cards
• Major shopping malls offer excitement and entertainment to consumers
• MARKET DATA
  • Table 1 Consumer Payments: Value 2003-2008
  • Table 2 Financial Cards: Number of Cards in Circulation 2003-2008
  • Table 3 Financial Cards Transactions: Value 2003-2008
  • Table 4 Financial Cards: Number of Transactions 2003-2008
  • Table 5 Financial Cards: Number of Accounts 2003-2008
  • Table 6 Financial Cards: Number of Cards by Issuer 2003-2007
  • Table 7 Financial Cards: Number of Cards by Operator 2003-2007
  • Table 8 Financial Cards: Card Payment Transaction Value by Operator 2003-2007
  • Table 9 Financial Cards: Card Payment Transactions by Acquirer 2003-2007
  • Table 10 Consumer Payments Forecast: Value 2008-2013
  • Table 11 Financial Cards Forecast: Number of Cards in Circulation 2008-2013
  • Table 12 Financial Cards Forecast: Value 2008-2013
  • Table 13 Financial Cards Forecast: Number of Transactions 2008-2013
  • Table 14 Financial Cards Forecast: Number of Accounts 2008-2013
• MARKET INDICATORS
  • Table 15 Number of POS Terminals 2004-2008
  • Table 16 Number of ATMs 2004-2008
  • Table 17 Disposable Income 2003-2008
  • Table 18 Value Lost to Fraud 2003-2008
  • Table 19 Acquirer Fraud 2003-2008
  • Table 20 Card Expenditure by Location 2008
  • Table 21 Card Expenditure by Sector 2008
  • Table 22 Financial Cards in Circulation by Type: % Number of Cards 2004-2008
  • Table 23 Domestic versus Foreign Spend 2008
• DEFINITIONS
  • Summary 1 Research Sources
• CONSUMER LENDING IN SAUDI ARABIA
• EXECUTIVE SUMMARY
• Consumer Spending on the Rise Due to Budget Surplus
• Easier Loan Terms Give Boost to Consumer Lending
• Increase in Personal Income Raises Consumer Spending
• Introduction of New Mortgage Law Will Increase Housing Finance
• Aggressive Lending by Saudi Banks
• KEY TRENDS AND DEVELOPMENTS
• Robust Saudi Economy Boosts Housing Market
• Ease of Credit Boosts Consumer Lending
• Increase in Personal Income Raises Consumer Spending
• Mortgages on the Horizon
• Aggressive Lending by Saudi Banks
• MARKET DATA
  • Table 24 Consumer Lending by Sector: Outstanding Balance: Value 2003-2008
  • Table 25 Consumer Lending by Sector: Outstanding Balance: % Value Growth 2003-2008
  • Table 26 Consumer Lending by Sector: Gross Lending: Value 2003-2008
  • Table 27 Consumer Lending by Sector: Gross Lending: % Value Growth 2003-2008
  • Table 28 Consumer Lending: Non-performing vs Other Loans 2003-2008
  • Table 29 Mortgages/Housing: Non-performing vs Other Loans 2003-2008
  • Table 30 Consumer Credit: Non-performing vs Other Loans 2003-2008
  • Table 31 Forecast Consumer Lending by Sector: Outstanding Balance: Value 2008-2013
  • Table 32 Forecast Consumer Lending by Sector: Outstanding Balance: % Value Growth 2008-2013
  • Table 33 Forecast Consumer Lending by Sector: Gross Lending: Value 2008-2013
  • Table 34 Forecast Consumer Lending by Sector: Gross Lending: % Value Growth 2008-2013
• DEFINITIONS
  • Summary 2 Research Sources
• CONSUMER CREDIT IN SAUDI ARABIA
• HEADLINES
• TRENDS
• COMPETITIVE LANDSCAPE
• PROSPECTS
• SECTOR DATA
  • Table 35 Consumer Credit by Sector: Outstanding Balance: Value 2003-2008
  • Table 36 Consumer Credit by Sector: Outstanding Balance: % Value Growth 2003-2008
  • Table 37 Consumer Credit by Sector: Gross Lending: Value 2003-2008
  • Table 38 Consumer Credit by Sector: Gross Lending: % Value Growth 2003-2008
  • Table 39 Forecast Consumer Credit by Sector: Outstanding Balance: Value 2008-2013
  • Table 40 Forecast Consumer Credit by Sector: Outstanding Balance: % Value Growth 2008-2013
  • Table 41 Forecast Consumer Credit by Sector: Gross Lending: Value 2008-2013
  • Table 42 Forecast Consumer Credit by Sector: Gross Lending: % Value Growth 2008-2013