LTL 2 billion in "Hansabankas" portfolio of loans to individuals
2005-09-14 Back
The amount of lending of "Hansabankas", which now is the leading bank in the private individuals financing market, to individuals has reached more than LTL 2 billion (according to the data of 11 September – LTL 2,1 billion). During the year "Hansabankas" doubled its portfolio of loans to individuals (from LTL 1 billion in August 2004).
The data of seven months of this year show that "Hansabankas" manages the largest share of the market of loans to individuals – 30,5 per cent (the data of the Bank of Lithuania). From the beginning of the year, "Hansabankas" portfolio of loans to individuals increased by 52 per cent or by LTL 668 million, amounting to LTL 1 959 billion on 1 August.
Since 1 August 2004, the annual rate of growth of "Hansabankas" private individuals portfolio was 97 per cent or LTL 964 million.
"The most successful half-year in the private individuals financing business was conditioned by fast growth of the whole market and by timely and effective solutions of "Hansabankas", said Jūratė Gumuliauskienė, Director of Private Individuals Financing Department of "Hansabankas". According to her, since April "Hansabankas" applies zero interest margin on housing loans, which was a particularly successful step of "Hansabankas".
"Our experience shows that clients were very positive about this step, which is a present on house-warming occasion, to enable the individual acquiring a new dwelling to invest the money into its installation and furnishing", - said J.Gumuliauskienė. According to her, the value added for clients is also created by the fact that new partners – construction companies joined "Hansa home" services system. "It has become difficult to find a dwelling of good quality, therefore, it is important for our clients that we have a wide circle of partners and are able to help the clients to find what they are looking for, and we additionally apply special loan conditions for dwellings purchased from our partners", - said Jūratė Gumuliauskienė.
According to the data of the Bank of Lithuania, during seven months of 2005, the Lithuanian private individuals financing market has grown by LTL 1,98 billion (or by 44,4 per cent) and reached LTL 6,425 billion. "Hansabankas" occupies the largest share of the market of loans to individuals – 30,5 per cent.
