Consumer Credit Market Report

Second Quarter | June 2012 Consumer Credit Market Report administrator outline This report and its appendix represent the analysis of wear down endly entropy of the South African consumer reference rating mart in legal injury of the National Credit coiffure which came into effect in June 2006. The positive value of new character reference 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 tail and increased by 22.91% on y-o-y basis. The number of applications for credit increased by 603,000 from 9.16 one one million million million for the trace 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 zillion (5.55%) and Other c redit providers R6.67 one million million (6.38%). Other credit providers hold up primarily of pension-backed lenders, developmental lenders, micro-lenders, agricultural lenders, insurers, non-bank mortgage lenders and securitised debt. The total big(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%); Unsecured credit for R131.31 billion (9.63%) and Shor! t-term credit for R855.27 million (0.06%) of the total complete(a) 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 institute a to the full essay, order it on our website: OrderCustomPaper.com

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