Banks, Financial Services, Latvia, Loan, Real Estate
International Internet Magazine. Baltic States news & analytics
Wednesday, 24.04.2024, 00:12
Amount of new loans expected to grow 20-25% in Latvia in 2015
BC, Riga, 16.04.2015.
Print version
Print versionThe amount of newly-issued loans in Latvia is expected to increase 20-25% in 2015, reports LETA, according to Swedbank forecasts.
 |
|---|
The bank's spokesman Ainars Balcers said in a press conference today that there is no reason to expect a large increase in new loans at the moment. However, the housing support program and low interest rates will contribute to increasing lending volumes.
According to public opinion polls, 21% of residents are planning to borrow money for various needs.
37% of respondents are planning to take out a loan for house renovation, 27% – for some major purchases.
«The Baltic Course» Is Sold and Stays in Business!
