Credit card profitability in Western Europe has rebounded impressively from the effects of the global financial crisis with profits surpassing pre-crisis levels by 2012 and growing further in the years that followed. In the wake of the crisis, issuers managed to lower default rates by tightening credit criteria and strengthening risk management policies. Meanwhile revenue has also been boosted by low costs of funding leading to increased net interest revenue.
This new edition of Credit Card Profitability: Western Europe looks at one of the strongest and most profitable credit cards regions in the world. An affluent mass market, a developed banking infrastructure and a progressive regulatory environment have meant that the market for credit cards has penetrated far and wide.
The report takes a comprehensive look at the region's top 16 credit cards markets to unmask the peculiar and individual characteristics of these various countries and answers significant questions, including:
Credit Card Profitability: Western Europe also provides you with critical data for each country, including:
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