Latvia

Latvia 2006-2007 - SMEs key driver in factoring market

2006 is expected to see further growth in the factoring market by at least 40%, compared with 2005. The first quarter results back this trend.

New factor enters the market

The Latvian leasing and factoring sector has a new player

Euler Hermes boosts trade credit insurance market

There are only a few companies in Latvia providing commercial credit insurance now analysts say

Parex Bank seizes leasing opportunities in CIS countries

The Latvian bank Parex plans to exploit leasing opportunities in the transport sector by targeting the Commonwealth of Independent States. Profitability in these markets is thought to be extremely high and the bank will acquire and open ne

Latvian factoring and leasing market up 11.8 per cent this year

According to the Latvian Lessors’ Association (LAA), the leasing and factoring market in Latvia has grown 11.8 per cent this year.

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.

Latvian loan market continues to grow

The volume of loans issued by Latvia’s commercial banks has grown by 20 per cent in the first half of 2004, with Hansabank increasing its credit portfolio the most.

Latvian factoring market expected to grow strongly

The leasing and factoring portfolio of members of the Latvian Lessors association reached LVL 356.6 million in the first half of the year.

FDI increases in Q1

Latvia's capital and financial account had a surplus of LVL 166.5 million in Q1.

NORD/LB to release EUR10m in SME lending

Bank NORD/LB Latvia and European Investment Bank (EIB) have signed an agreement on credit facility of Ђ10m. The funds will be used for long-term lending to small- and medium-sized enterprises (SMEs).