Continuous growth in the unsecured consumer loans in Sweden
New report from SCB showing an average growth just over 5,5% annually between 2010 and 2021 in the unsecured consumer loans in Sweden – the niche banks have contributed with 63% of the total growth and are the fastest growing category in the market. The total outstanding debt is now adding up to 273 billion SEK, which represents 23% of the Swedish national debt.
During the past year the growth has been slightly higher than on average with 6,4% comparing January 2022 with 2021.
More information in the following article from SCB (in Swedish): https://www.scb.se/hitta-statistik/redaktionellt/hushall-valjer-andra-aktorer-nar-de-lanar-till-konsumtion
National debt figures from Riksgälden: https://www.riksgalden.se/en/press-and-publications/publications/government-debt/2021/swedens-central-government-debt-december-2021/