Swedbank Lithuania's data shows that residents of Lithuania last year borrowed EUR 2,317 (LTL 8,000) on average for their consumer needs.
© Shutterstock nuotr.

The most popular credit repayment term was 5 years as 40 percent of all those borrowing wanted to repay their credits in this particular period of time.

In 2014, Swedbank issued more than half of all the new consumer credits on Lithuania's overall market of commercial banks. The total value of Swanbank's consumer credit portfolio accounted for EUR 153 million in late 2014.

Residents of Lithuania most often apply for a consumer credit when planning their house repair and buying furniture and home appliances. Last year, the share of those who took out a loan for these purposes accounted for around 40 percent.

Meanwhile, a total of 30 percent of borrowers obtained the bank's credit to buy a vehicle. The remaining share decided to get a consumer credit in order to mend their vehicles and for other consumer needs, including healthcare and entrainment.

It is forbidden to copy the text of this publication without a written permission from ELTA.

Residents to be offered EUR 1,000 for less polluting cars

Lithuanian residents will be able to ask for 1,000 euros in compensation when changing their old...

Biggest land owners in Lithuania named

Ramunas Karbauskis , leader of the ruling Lithuanian Farmers and Greens Union, businessman Darius...

Representatives of ruling party propose taxing large retailers

Representatives of the ruling Lithuanian Farmers and Greens Union have proposed introducing a new...

Vilnius-Kaunas road to be transformed into highway (1)

The Vilnius-Kaunas road is to be transformed into a highway , Lithuania's Road Administration said.

President puts forward amendments on faster pension increase

Lithuanian President Gitanas Nauseda is putting forwards amendments to three laws for the parliament's...