Considering that traditional banks tend to be the largest loan providers in most economies, it is very significant that, as of December 2023, the four
had their headquarters in China. This is indicative of the size of the lending market in China, which is needed to finance businesses, big purchases of cars and houses by individuals, and other transactions that favor economic growth by facilitating more spending and investment.
Non-bank lenders
Banks like JPMorgan Chase, Bank of America, and Wells Fargo had the
largest consumer loan portfolios in the U.S. in 2023. Nevertheless, some important players just focus on specific segments of the lending market and they dominate the ranking for those segments. The
leading mortgage lenders in the U.S. were Rocket Mortgage and United Wholesale Mortgage, which were well ahead of the traditional banks. Similarly, specialized companies such as CBRE, Newmark, or KeyBank Real Estate Capital were at the top of the ranking of firms with the
largest commercial mortgage volumes worldwide. Although some of the product-specific companies have been very well established for a long time, new specialist lenders have also risen to prominence more recently, aided by the digital transformation of the past decades.
Digital lending
The share of
loans provided by digital banks is expected to keep increasing in the coming years, reaching a large market share by the end of the decade. Neobanks and digital banks are quickly increasing their share of the market. For example, the value of the
customer loans by the Brazilian neobank Nubank has grown from 58 million U.S. dollars in 2019 to over 3.2 billion U.S. dollars in 2023. Additionally, the
market share of buy now, pay later (BNPL) has been rising in countries all over the world. BNPL companies like Klarna or Afterpay allow their users to pay for their purchases by providing them with short-term loans.
This text provides general information. Statista assumes no
liability for the information given being complete or correct.
Due to varying update cycles, statistics can display more up-to-date
data than referenced in the text.
