Credit insurer's licence cancelled The insurance watchdog has cancelled the licence of credit insurer Lietuvos Eksporto Ir Importo Draudimas (LEIID). LEEID has undergone reorganisation through
Government to use PHARE funds for SME loans The Lithuanian Government has resolved to allocate the remaining LTL 29m from the PHARE assistance programmes
Hansa Lizingas opens first office in Marijampole According to Hansa Lizingas management, the decision to expand in this town was prompted by the growing number of factoring and leasing clients there
Medicinos Bankas gets EUR5m loan for micro loans to SMEs Bank Medicinos Bankas has signed a €5 m loan agreement under the EU Preparatory Action Programme with
Ukio Bankas launches SME loan campaign Ukio Bankas (UB) has launched a two-month loan campaign to encourage small- and medium-sized enterprises (SMEs) to increase borrowing and to
Factoring turnover doubles in two years Over the past two years, the turnover of factoring went up 2.1 times, from LTL 2.672 bn in 2003 to LTL 5.658 bn in 2005.The turnover grew by 56 per cent from 2004, when it stood at LTL 3.628bn, Lithuania’s L
Syndicated loan for SME focused Љiauliu Bankas The European Bank for Reconstruction and Development (EBRD) is lending €12 m to Lithuania'[s Šiauliu Bankas to support
Hansa Lizingas’ factoring and leasing portfolio tops LTL 2bn The financial portfolio of Hansa Lizingas (HL), the leasing arm of bank Hansabankas, has grown by
Sampo Bankas gets EUR15m credit line to finance SMEs Sampo Bankas, a part of the Finnish Sampo group, has signed an agreement with the European Investment Bank (EIB)
SMEs keen to get more EU aid Lithuanian small- and medium-sized enterprises (SMEs) say they still lack EU aid, even through officials claim that
