Interest Rate Car Loan in Egypt,New Car Sales in Egypt,Used Car Sales in Egypt,Cairo Average Loan Rate,Compare Auto Loans in Egypt,Vehicle Financing in Egypt - PowerPoint PPT Presentation

Loading...

PPT – Interest Rate Car Loan in Egypt,New Car Sales in Egypt,Used Car Sales in Egypt,Cairo Average Loan Rate,Compare Auto Loans in Egypt,Vehicle Financing in Egypt PowerPoint presentation | free to download - id: 8752e9-ODJkM



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Interest Rate Car Loan in Egypt,New Car Sales in Egypt,Used Car Sales in Egypt,Cairo Average Loan Rate,Compare Auto Loans in Egypt,Vehicle Financing in Egypt

Description:

Get Ken Research Latest report Which covers Interest Rate Car Loan in Egypt,New Car Sales in Egypt,Used Car Sales in Egypt,Cairo Average Loan Rate,Compare Auto Loans in Egypt,Vehicle Financing in Egypt – PowerPoint PPT presentation

Number of Views:23

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Interest Rate Car Loan in Egypt,New Car Sales in Egypt,Used Car Sales in Egypt,Cairo Average Loan Rate,Compare Auto Loans in Egypt,Vehicle Financing in Egypt


1
Tightened Regulations on Consumer Finance and
Declining New Car Sales to Slower the Market
Growth Ken Research
2
Rising trend in the new and used car prices is
expected to continue further as the imports of
components are still expensive Introduction of
VAT towards the end of 2016 is expected to
adversely impact the demand for cars leading to a
fall in the demand for car finance Private
financing sector is expected to have an advantage
over the banks amid the tightened regulations
with regards to the share of loan in an
individuals monthly income and maximum loan
limit Though at a slow pace, the Egypt car
finance market is anticipated to recover during
the forecast period 2017-2021, from the fall in
the credit disbursement that has been observed
towards the end of the review period. The
competition in the market is expected to rise
amid the tightened regulations and the dealership
financing would have an advantage over the banks
since they are not bound by the regulations.
3
As the price of new and used cars is displaying a
consistent rise, the customers, expecting a
further increase in the car prices are
anticipated to buy immediately. This is expected
to increase the demand for car loans and raise
the amount of credit disbursed. Many banks are
in plans to expand more in terms of number of
branches within the country. In Egypt, there are
several untapped geographical regions for
banking. Many people in Egypt are still dependent
on the dealership financing while buying a car
due to the lack of accessibility to banks. This
has induced the leading banks in the country to
focus on improving the reach for customers. As a
result of the new regulation of CBE on consumer
lending, within three years the banks are
expected to reduce the maximum loan extended to
both single and corporate client.
4
It will be reduced from 20 to 15 of the bank's
Tier I capital for a single client and 25 to 20
for a corporate client. The expectation is that
reducing the share of a clients loan from their
monthly income after taxes, will increase the
likelihood that customers will be able to repay
their debts, while reducing the risk to the bank
of credit default on the loan, or late payment.
With regards to the new corporate loan structure,
the aim is to reduce banks dependence on a few
large clients and diversify their Tier I credit
portfolios. Ken Research in its latest study,
Egypt Car Finance Market Outlook to 2021,
observed that the introduction of the
introduction of VAT by the government towards the
end of 2016 is expected to adversely impact the
automotive industry.
5
The new car sales are expected to fall due to the
increase in the cost to be incurred for the
purchase of a car. Amid competition in the
market, several players are in plans to introduce
more bundling options in loans. For banks, car
loans are a more attractive proposition when it
is packaged with a suite of other products that
cater to multiple customer requirements. The
Egypt car finance market is estimated to register
a positive CAGR during 2016-2021. Increased
accessibility to finance, new and attractive
schemes and offers, increased rate of used car
financing and such other factors are expected to
be key drivers for a growth in the demand for car
finance in the country.
6
The report provides information on the number of
new cars financed, new and used car penetration,
tenure of new and used car loan and the regions
dominating the market in terms of credit
disbursed and number of cars financed. It also
covers the major players in the market such as
Arab Bank, Bank of Alexandria, Bank Audi,
National Bank of Egypt and Banque Misr. Topics
Covered in The Report   Auto Car Loans in
Egypt New Car Sales in Egypt Used Car Sales in
Egypt Cairo Auto Loan Market Auto Loans Market in
Egypt Car Loans Industry in Egypt Applying Car
Loan in Egypt Car Loan Brand New Market
7
Financing Schemes Car Loans Egypt Auto Loans
Terms and Conditions in Egypt Interest Rate Car
Loan in Egypt Top Egypt Car Loans Banks Cairo
Average Loan Rate Finance the Car in Egypt
Process Car Financing Option in Egypt Auto
Finance Opportunities in Egypt Compare Auto Loans
in Egypt Vehicle Financing in Egypt Used Car
Sales in the Egypt Passenger and Commercial
Vehicles Sales in Egypt For further reading
click on the link below  https//www.kenresearch.
com/banking-financial-services-and-insurance/loans
-and-advances/egypt-car-finance-market/124560-93.h
tml
8
Related Reports by Ken Research UAE Car Finance
Market Outlook to 2021 Rising Car Finance
Penetration and Multiple Car Finance Products
Offered by Banks to Foster Growth India Car
Finance Industry Outlook to 2020 - Driven by
Spurring Car Sales and Reduction in Average
Ownership Period Case Study-Premium Car Exchange
Market in India- Focus on Audi, BMW and Mercedes
with Concentration on Marketing
Initiatives Contact UsKen ResearchAnkur
Gupta, Head Marketing CommunicationsAnkur_at_kenre
search.com91-9015378249
9
(No Transcript)
About PowerShow.com