Three members of Latvia's Leasing Provider Association, Hanza Lizings, Unilizings and Nordea Finance Latvija have reported a factoring and leasing portfolio rise of 31 per cent last year to 278.4m lats (Ђ437m), with another 30 per cent growth expected for 2003.
The association’s aim is to popularise leasing and factoring services in Latvia and to harmonise the legal and legislative issues related to leasing and factoring services. Members include Latvia’s top three leasing and factoring companies.
Hanza Lizings director, Artis Birkmanis, said that last year's portfolio included 35.93m lats for factoring, up 6 per cent, and 243m lats for leasing, up 36 per cent on the previous year
At the end of 2001 the association members posted a total leasing and factoring portfolio of 212.17m lats, including a factoring portfolio of 33.77m lats and a leasing portfolio of 178.4m lats.
