The leasing and factoring portfolio of members of the Latvian Lessors association reached LVL 356.6 million in the first half of the year.
The combined leasing and factoring portfolio of the five members of the association - Hanzalizings, Hipolizings, Nordea Finance Latvia, Unilizings and Vereinsleasing Riga –
has grown by 7.4 per cent this year.
The leasing portfolio amounted to LVL 316.5 million and the factoring portfolio to LVL 40.1 million at the end of June. The leasing business had grown 21.4 per cent and the
factoring portfolio 5.8 per cent.
The association has optimised EU tax norms for leasing transactions in the country, the president of the association, Maris Skujins, comments.
Members of the association forecast 25 – 30 per cent market growth this year and have concluded new leasing transactions totalling LVL 103.8 million in the first half of the year, up 29.4 percent on year-on-year basis.
