New Market Study: "Emerging Opportunities in the Russian Consumer Finance Market: Market Size, Strategies, Products and Competitive Landscape"
The Russian consumer finance market declined in 2009 but managed to recover strongly in 2010 and 2011. The recovery is primarily attributed to the stabilization of interest rates in consumer lending. The consumer finance market recorded a compound annual growth rate (CAGR) of 19.46% during the review period (2007-2011). It is projected to retain a high CAGR of 19.85% over the forecast period (2012-2016). The strong growth will be driven by the country's improving macroeconomic fundamentals and rising domestic demand...
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