Financial Services, Lithuania, Loan

International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 05:50

Lithuanian General Financing increases turnover by 42% in 9 months

BC, Vilnius, 04.11.2014.Print version
In three quarters of 2014, Lithuanian finance company General Financing issued consumer credits and leasing services for LTL 115 million (EUR 33.3 million), or by 42% more than in the first three quarters of 2013, reports LETA/ELTA.

The company announced that in the first nine months it issued 47,000 new consumer credits, by 27% more year-on-year. It is estimated that the company's service portfolio reached LTL 224.3 million (EUR 64.9 million) by the end of three quarters and grew by 18.5% in one year.

 

In the third quarter General Financing issued consumer credits and leasing services worth LTL 39 million (EUR 11.3 million), i.e. by 50% more compared with the third quarter of 2013.

 

According to the data of General Financing, in 2014 people took out consumer credits for LTL 5,200 (EUR 1,500) on average, or by a 35% greater amount than in 2013. Meanwhile, an average of LTL 1,500 (EUR 435) is spent on hire-purchase – similarly as in 2013.

 

General Financing, a provider of consumer credit and leasing services that has 230,000 costumers, is owned by the Swedish financial concern Marginalen AB.






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