Financial Services, Good for Business, Latvia
International Internet Magazine. Baltic States news & analytics
Friday, 29.03.2024, 07:24
Latvia’s leasing portfolio grows 10.4% in January-September 2016
Car lease deals showed the biggest rise, reaching EUR 280 mln
in new leasing agreements in the first three quarters of last year.
Leasing portfolio at the end of September 2016 reached EUR
1.33 bln. 76% or EUR 1.015 bln accounted for financial leasing, and 24% or EUR
313 mln for operational leasing. The factoring portfolio at the end of the
third quarter reached EUR 168.8 mln, up 11% from late 2015.
The total leasing and factoring portfolio of Latvia was EUR
1.5 bln at the end of the third quarter, or 10.4 % more than in the third
quarter of 2015.
The Association of Leasing Providers, established in 2000,
unites the largest leasing providers registered and operating in Latvia: Swedbank Lizings, Nordea Finance Latvia, SEB
Lizings, UniCredit Leasing, OP Finance, PrivatBank, DNB Lizings, Citadele
Lizings un Faktorings, and LKB
Lizings.