credit

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 decr...

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 i...

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.