The aggregate leasing and factoring portfolio of members of the Latvian Leasing Provider Association (LLPA) reached 259.5 million lats in the first nine months of this year, up 22.3 percent from the same period last year.
Moody's Investors Service upgraded to A2 from Baa1 the senior unsecured debt ratings of AS Hansapank.
It was announced this week that Latvia’s third largest bank, Hansabanka, has received permission from the Finance and Capital Market Commission council to increase its share capital by LVR 12 million.
Hansabank, owner of the largest factors in the Baltic states, Hansa Leasing, yesterday strengthened their pan-Baltic network by signing a deal to buy Lithuania’s second largest bank, Lietuvos Taupomasis Bankas (LTB).
An unspecified American fund has acquired 315,000 shares in Hansabank, the parent of Estonia’s largest factoring company, Hansa Leasing. The share purchase represents a minority stake worth Ј1.73 million.
