New Market Research Report: Consumer Lending in Mexico
Consumer lending showed notable expansion, with gross lending growing faster in 2013 compared to the CAGR observed over the review period. Stronger signs of economic recovery have emerged in several categories, like card lending, auto lending and other personal lending, whose gross lending figures grew by 18%, 15% and 8%, respectively, in 2013. Alongside this, better client prospecting practices, in order to avoid high default rates, have been permeating the industry.
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