Young leasing company reports 2004 portfolio growth


The leasing portfolio of one of the youngest leasing companies in Latvia, NORD/LB Lizings, has reached LVL 6.7 million (Ђ10.1m), in first five months of operation.

The company is developing according to a planned scenario and so forecasts that the leasing portfolio will reach LVL 18 million in the end of the year, the chairman of the board of NORD/LB Lizings, Artis Birkmanis reports.

Currently the company offers financial and operative leasing and is considering factoring.

NORD/LB Lizings plans to conquer 4 – 7 per cent of the market this year.

Source: Dienas Bizness



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