Consumer Credit Market Report

Second Quarter | June 2012 Consumer Credit Market Report executive director outline This report and its appendix represent the analysis of wear upon endly entropy of the South African consumer reference point rating foodstuff in legal injury of the National Credit take on which came into effect in June 2006. The positive value of new recognize granted to consumers increase from R95.03 meg to R104.57 meg for the ass finish June 2012, an increase of 10.04% when compared to the previous pull back and increased by 22.91% on y-o-y basis. The number of applications for reference point increased by 603,000 from 9.16 one million million for the arse ended March 2012 to 9.77 million for the quarter ended June 2012, representing an increase of 6.59%. The rejection rate for applications was 50.84%. The banks share of entire credit granted was R86.85 jillion (83.05%), retailers R5.25 one thousand million (5.02%), nonbank vehicle financiers R5.81 trillion (5.55%) an d Other credit providers R6.67 million (6.38%). Other credit providers lie primarily of pension-backed lenders, developmental lenders, micro-lenders, agricultural lenders, insurers, non-bank mortgage lenders and securitised debt. The total heavy(predicate) clear debtors book of consumer credit for the quarter ended June 2012 was R1.36 trillion, representing a quarter-on-quarter growth of 3.22%.

The number of accounts increased by 1.09% for the same period. Mortgages accounted for R814.65 billion (59.75%); Secured credit agreements for R263.11 billion (19.30%); Credit facilities for R153.57 billion (11.26%); Unse cured credit for R131.31 billion (9.63%) and! Short-term credit for R855.27 million (0.06%) of the total realise debtors book. The following were some of the most significant trends observed for the quarter ended June 2012: Thevalueofmortgagesgrantedincreasedby9.69%quarter-on-quarterfromR24.56billionto R26.94 billion; Securedcredit,whichisdominatedbyvehiclefinance,showedanincreasefromR31.62billionfor March 2012 to R33.03 billion for June 2012 (a...If you want to derive a to the full essay, order it on our website: BestEssayCheap.com

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