Unilizings leasing and factoring company, owned by Latvian Unibanka, last year earned a profit of 2.53m lats (EUR 4.03m), up 8.3 per cent from 2001, said Unilizings director, Janis Buks.
He said the company was pleased with last year's profit, which met the target figure under the budget. In 2001 the company posted a profit of 2.335 million lats.
Unilizings leasing and factoring portfolio grew 25.5m lats or 38 per cent in 2002 to 92.4m lats at the end of the year.
Of this, factoring portfolio fell 18 per cent or 2.7m lats to 12.3m lats but the
leasing portfolio stood at 79.9m lats at a growth by 54 per cent or 28 m lats from 2001.New sales reached 51.2m lats at the end of 2002, and the sales growth year-on-year was some 50 per cent or 17.3m lats.
