The Lithuanian non-bank financial sector is showing maturity: the consumer credit market survey of 2018 Q4 shows that Lithuanians borrow less, but more significant amounts and more responsibly. The representatives of the financial sector observe that the declining number of borrowers also shows decreasing access to consumer credit for lower-income clients. […]
Last year, the rate of enterprise failure decreased by fivefold and credit ratings of companies remained fairly stable, however, businesses cut down short-term borrowings by 14 per cent and long-term – by 13 per cent. It seems that businesses are unsure about the future; meanwhile, the fundamental indicators show no reasons for worrying – the specialists of Creditinfo credit bureau arrived to this conclusion upon the analysis of the data from over 50 thousand enterprises operating in Lithuania and information on the initiated bankruptcy proceedings. […]
Lithuanian courts have ruled that a Bank of Lithuania rule forbidding the granting of credit to people who must spend more than 40% of their income to cover their debts is unconstitutional. The courts’ ruling […]
Three instant credit companies have been sanctioned by the Bank of Lithuania for failing to properly vet their clients’ credit worthiness. […]
Almost half of all Lithuanians have taken out loans or bought something on credit, but very few take an interest in their credit histories, something that may force them to pay higher interest rates on future loans, experts say. […]
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