Sberbank Became the Leading Credit Card ProviderRussia | 23/03/2012
Sberbank Became the Leading Credit Card Provider

Sberbank surpassed Russian Standard as the leading provider of credit card loans in Russia over the fourth quarter of 2011.

Apollo Global Management LLC close to buy MBNA IrelandIreland | 09/03/2012
Apollo Global Management LLC close to buy MBNA Ireland

Private equity firm Apollo Global Management LLC is said to be close to buy MBNA's Irish credit card operations.

New regulation brought about decrease in credit card usageDenmark | 23/02/2012
New regulation brought about decrease in credit card usage

Danish leading grocery retailers reported a sharp drop in credit card use during the fourth quarter of 2011.

Citibank Allowed to Issue Credit Cards IndependentlyChina | 10/02/2012
Citibank Allowed to Issue Credit Cards Independently

Citibank received the authorization to issue credit cards independently.

Kotak Mahindra Bank Buys Non-Performing Barclays’ PortfolioIndia | 07/02/2012
Kotak Mahindra Bank Buys Non-Performing Barclays’ Portfolio

Kotak Mahindra Bank acquired Barclays' non-performing credit card portfolio.

New rules aiming at curbing credit card debtTurkey | 28/12/2011
New rules aiming at curbing credit card debt

With this stringent set of regulation, the BDDK is looking to curb the number of customers which defaulted on their credit card debt.

Introduction of a Cap on Interest Rates Hungary | 15/12/2011
Introduction of a Cap on Interest Rates

Early November, the Hungarian Parliament passed a bill that caps the effective annual percentage rate charged to borrowers.

EU Commission approves sale of RBS assets to Banco SantanderUnited Kingdom | 14/12/2011
EU Commission approves sale of RBS assets to Banco Santander

This set of assets comprises personal current accounts, mortgages, card-based consumer credit and cash handling services.

Confirmed rebound in credit card lendingRomania | 14/12/2011
Confirmed rebound in credit card lending

Issuance of new credit cards is rebounding after a decrease between March 2010 and March 2011.

Santander Consumer Bank Italy raises additional capitalItaly | 14/12/2011
Santander Consumer Bank Italy raises additional capital

In October 2011, the Santander Consumer Finance Group increased the capital of its Italian subsidiary by €215 million.

A. Poletto, Consum.it

"We covered ourselves from possible mounting credit risk by decreasing our level of acceptance for new applications (...) to market level"

Heinz Gruber, Denzel Bank

"For 2012, we expect the consumer lending market to be pretty stable"

Song Wen Chang, B. Of B. CFC

"The central bank is looking to ease the short-term credit crunch. This represents a great opportunity for consumer finance."

G. Georgakopoulos, Bancpost

"Demand for consumer lending remains luke-warm"

Virginia Moreira, B. Intermedium

"In the coming ten years, I would expect at least 40% of credit and consumption operations to be digitalized"

Focus

  • News: Interview with Mr. Andrea Poletto, General Manager, Consum.it
  • Interview: A. Poletto, Consum.it
  • Surveys : Your opinion counts on Consumerfinance.net!
car loan consumer credit credit credit card credit risk leasing money laundering mortgage mortgage bank online brokerage online credit prepaid card prepaid payment purchasing card real estate real estate loan revolving credit scoring