SEB Unilizings, the leasing subsidiary of the SEB group posted
6.26m lats (€8.9m) of profit in 2007 up 18 per cent from the
previous year.
SEB Unilizings’ loan portfolio grew 25 per cent to 384m lats
from a year ago, the Baltic Business Daily reported, citing SEB
Unilizings spokeswoman, Liene Meklere. Its leasing and factoring
portfolio totalled 350m lats and 34m lats respectively.
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The company’s commercial transport leasing portfolio in 2007
expanded by 36 per cent to almost 85 million lats, industrial
leasing portfolio rose 27 percent to 99 million lats, and car
leasing portfolio increased by 19 percent to 166 million lats.
Car leasing made up 48 percent of the portfolio while industrial
equipment leasing and commercial transport leasing contributed 28
per cent and 24 per cent respectively, Meklere said.
Director Ints Krasts said the results show that its target to
increase industrial and commercial transport leasing had largely
been met. Krasts said this year SEB Unilizings will focus on
leasing that supports the development of Latvian companies as well
as factoring.
In 2006 SEB Unilizings posted 5.303 million lats in audited
profit, according to the Latvian business register.
SEB Unilizings is part of Latvia’s third largest bank, SEB
Latvijas Unibanka group which in turn is a unit of the Scandinavian
banking group SEB.
SEB Unilizings is the second largest Latvian leasing company by
leasing and factoring portfolio, commanding 20.3 per cent of the
market.
Elsewhere, SIA DnB NORD Lizings reported that total assets at
the end of 2007 hit 200m lats. DnB NORD Lizing is one of the
top three leasing companies in Latvia and is part of DnB NORD
Banka.
