Market Research Report Germany banking and financial market,Germany banki

Technological Advancements In Germany Consumer Lending Market-
Ken Research
Germany is the fourth-largest economy in the world and the country’s economy is developed on
the concept of the social market economy. The German government’s universal education policy
displays the highest literacy rate with educated people good at handling numbers, more
engineers, chemist, opticians, skilled factory workers and managers, knowledgeable farmers and
skilled military personnel which boost financial system of the country. The secured economy in
Germany motivated consumer lending in 2016. Introduction of consumer lending helped overall
consumer lending sector to record strong growth in terms of gross lending.Less of
unemployment resulted in gross income for majority of the consumers. The positive consumer
confidence led to increase in consumer lending. A double-digit growth rate was registered with
consumer lending for mortgages and home loans. Online banking facility helped the consumers
to compare the lending facility with other banks and accept loans instantly.