cease signing new car leasing deals.
Tija Ezerina, a spokesperson for GE Money, said the company had
suspended car leasing for new customers only, whilst existing
customers will continue to receive car leasing services as
normal.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The suspension is due to last “until the end of the year”, while
the bank restructures its internal customer risk assessment
systems.
Separately, the managing director of UniCredit Leasing in Latvia
believes that interest rates on leasing in Latvia will reach
double-digit figures in the near future.
Buks commented on the 3-month Rigibor rate – Latvia’s reference
rate for interbank lending – already being over 10 percent (11.57
percent); despite Euribor being just under 5 percent.
“There will be corporate bankruptcies,” said Buks. “Leasing
companies may not leave the rates unchanged as the cost of money is
growing. It will keep growing dramatically, which is logical in a
situation where money is a deficit.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
