More Lilthuanian companies use factoring services


An increasing number of Lithuanian companies begin to use factoring services,  the Lithuanian Leasing Association announced.

This service helps companies improve their cash flow management, increase output,  develop export and keep track of customers' obligations.

Since January factoring turnover in Lithuania reached LTL 2.599 m, 28.36 per cent less as compared with LTL 3.628 m in the same period last year. However, the total factoring portfolio at the end of the first half was LTL 786.5 m, up 44.1 per cent year-on-year. Source:  Verslo Zinios


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