Lithuania

More Lilthuanian companies use factoring services

An increasing number of Lithuanian companies begin to use factoring services, the Lithuanian Leasing Association announced.

This service helps companies improve their cash flow management, increase output, develop

Medicinos Bankas factoring portfolio quadruples

Compared to the first half of 2004, Medicinos Banka's factoring portfolio more than quadrupled year-on-year

INVEGA guarantees SME loans worth LTL 36.41m

The company said its guarantees have helped small- and medium-sized enterprises (SMEs) to take loans worth

Siauliu Bank granted Ђ2 m credit line for SMEs

Siauliu Bank and the Nordic Investment Bank have signed an agreement that will grant

Siauliu Bank a credit line of €2 m.

Factoring turnover soars

The Lithuanian Leasing Association has reported that the Lithuanian factoring companies portfolio rose to

Hansabankas report 55% growth in leasing services

The Hansabankas Group has seen its leasing contracts grow by 55% from the same period last year to LTL 338.4m in Q1. The group includes Hansa Lizingas and Baltijos Autolizingas.

Ђ2.5m credit line for SME’s granted by Siauliu Bankas

The Lithuanian Bank Siauliu Bankas and the Council of Europe Development Bank (CEB) have signed an agreement for a €2.5m credit line to finance small- and medium-sized enterprises (SME’s).

Nearly 14 per cent growth in Lithuania's factoring market

The aggregate factoring portfolio of Lithuanian banks and leasing firms at the end of September was LTL 590.3 m, up 13.7 per cent on year-on-year basis.

Companies use increasingly efficient financial tools.

More and more Lithuanian firms use insurance of goods and currency fluctuation risks as a safeguard against possible losses while also improving their cash flows.

Lithuanian factoring sales up by 30%

The Lithuanian Leasing Association has reported that the sales of factoring services went up by almost 30 per cent in the first half this year.