Banks, Estonia, Financial Services, Loan, Markets and Companies

54.3%, of the polled companies expect to satisfy their business needs employing external financing resources, while 45.7% intend to rely only on their own resources. The survey also revealed that credit institutions agreed to issue loans or change the conditions of the existing agreements to 59.6% of the applying enterprises.

Companies intend to use the borrowed funds to purchase or repair equipment, machinery or vehicles (35.2%), purchase raw materials (25.8%) and build, renovate, rent or acquire immovable property (18.8%).

According to Gintautas Garbanovas, Economist of Macroprudential Analysis Division of the Financial Stability Department of the Bank of Lithuania, the number of companies that are planning to expand has increased from 5 to 41,2%. Meanwhile, expansion share to be financed using borrowed funds has doubled to 21.8%.