Market Report, "Consumer Credit in Sweden", Published
The weak and uncertain economic climate is setting the tone for consumer demand for credit. This is an important factor behind the slowing growth rates for mortgages/housing lending as banking institutions are becoming more rigorous in their credit checks before granting new mortgages while consumers are more reluctant to commit themselves to a mortgage in times of economic uncertainty. Gross lending growth in 2012 was lower than the review period average despite increased demand for smaller...
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