Hansa Lizing sets record growth in Baltics

Hansa Lizing posted profits exceeding
€12m for 2007 in both its Latvian and Lithuanian units for 2007,
while the parent financial group, Hansabankas, grew by 19 per cent
in net earnings for the first quarter of 2008.
Latvia’s largest leasing company, Hansa Lizing, posted profits of
€12.1m for 2007, a 16 per cent increase from 2006, according to
financial data from Latvian official daily, Latvijas
Vestnesis.
The company, which comprises 39 per cent of Latvia’s leasing and
factoring market for 2007, also posted a loan portfolio of €1.03m
at year-end 2007.
But, Hansa Lizing Latvia’s head of sales, Daniils Rulovs said: “We
expect the portfolio to rise 10 to 15 percent also this year, and
it can be seen in the results of the first quarter of this year.”
Rulovs added that the growth will be based on an increase in
industrial leasing, the improvement of the company’s financial
indicators and sales, as well as optimizing internal procedures and
efficiency.