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.
Įvertink šį straipnį
Norėdami tobulėti, suteikiame jums galimybę įvertinti skaitomą DELFI turinį.
  • 1
  • 2
  • 3
  • 4
  • 5
(0 žmonių įvertino)
0
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Wellness start-up Urban establishes development office in Lithuania

Urban was founded in 2014 by Jack Tang and Giles Williams to provide easy and affordable access to...

Profits in Lithuanian banking sector highest since 2007 (1)

Lithuanian banks and branches of foreign banks in Lithuania earned almost 358 million euros (406...

Alternative lending in Baltics is taking market share from traditional banks and credit unions

In the ever-growing European alternative finance market, Lithuania - together with other Baltic...

Global supplier to mobility industry to open shared service centre in Lithuania

Dana Incorporated, a world leader in highly engineered solutions for improving the efficiency,...

Lithuanian organizations join forces to manage fintech risks

Nine Lithuanian entities agreed on Monday to cooperate in managing risks in the financial technology...