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(MoneyNewsWire.Net, June 22, 2018 ) The lending market comprises establishments engaged in making secured or unsecured loans to various entities. Entities include establishments such as finance companies, personal credit institutions, loan companies and student loans companies. This market covers all types of loans such as mortgage loan, personal loan, working capital loan, vehicle loan, industrial loans and others.
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https://www.thebusinessresearchcompany.com/report/lending-global-market-report-2018
The market is valued at nearly $7 trillion in 2017 because of the increasing demand for loans in developing countries such as Brazil, Russia, India and China (BRIC).
The market in the report is segmented into: corporate, household and government.
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https://www.thebusinessresearchcompany.com/sample.aspx?id=208&type=smp
China was the largest country in the lending market in 2017, accounting for over one-third of the market share. This can be attributed to demand for low interest loans in Chinese manufacturing sector. China was followed by the USA and Brazil.
The top five competitors in the market made up 6% of the total market share in 2017. Industrial and Commercial Bank of China was the largest competitor, followed by Agricultural Bank of China, Bank of China, Citigroup Inc and JP Morgan. Industrial and Commercial Bank of China was the largest competitor in the lending industry with around 2% share of the market in 2016. It was founded in 1984 and is based in Beijing, the People's Republic of China. Its distribution network consists of around 17,094 domestic institutions and 404 overseas institutions, as well as 1,611 correspondent banks.
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