Financial Services, Latvia, Lithuania, Loan

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 22:41

Lithuania's consumer credit firm Mokilizingas expands into Latvia

BC, Vilnius, 11.11.2015.Print version
Mokilizingas, a Lithuanian consumer credit company controlled by the Estonian bank LHV and its Lithuanian partner RAZFin, is launching operations in Latvia, reports LETA/BNS.

Mokilizingas' chief executive officer says that the company sees a great potential in Latvia's consumer financing market.

 

"Also, a considerable part of our partners whose goods or services are purchased through leasing arrangements have their branches or representative offices in Latvia. Thus, Mokilizingas' expansion in the country is a natural step toward increasing cooperation with them," Jurgis Rubazevicius said in a press release on Wednesday.

 

Saulius Kuliesius, head of the sales department at Mokilizingas and head of the Latvian branch, says that the company will provide a leasing service in the neighboring country at the initial stage and will later offer other services that are available in Lithuania.

 

The total value of loans and leasing agreements financed by Mokilizingas rose by 28 percent in 2014 compared with 2013 to reach 39 million euros.






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