Hanza Lizings leasing and factoring company expects 30 percent leasing portfolio growth this year, company director Artis Birkmanis told reporters.
He said the company expects to raise its market share in auto leasing which at present is 60 percent and retain 53 percent share in new car sales.
The company hopes to raise its market share of industrial leasing this year to 51 per cent and also devote more attention to financing purchases of railway rolling stock, agricultural and construction equipment.
Hanza Lizings expects that sales of auto and industrial leasing will expand through electronic channels.
Birkmanis said the company expects 40 per cent growth for the factoring portfolio this year. "In the future factoring will develop into a service business while today in Latvia it is a financing business," he said.
