Lithuania’s factoring turnover dropped almost 38 percent in the
first half of 2009 to LTL3.42 billion (€991 million), it has been
reported.
The figures, published by the Lithuanian Banks’ Association,
also showed that the total factoring portfolio was down 28.5
percent.
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The country’s top factoring companies were Swedbank Lizingas,
part of the Swedbank Group – which reported a 47.5 percent drop in
turnover – and SEB Bank, which was down 44.2 percent
year-on-year.
Antonio Fabrizio
