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Just one year ago, lending to business went through a difficult period. The microfinancing (MFI) loan portfolio to private non-financial corporations dropped by 11% over the year, and decline was observed in almost all business industries.

As social responsibilities and environmental sustainability become an integral part of society, many companies and organizations establish goals and policies to make a difference.

Despite restrictive emergency regulations, Saldo achieved a turnover of EUR 5.9 million (EUR 6.8 million in 2021 Q2) with an operating profit of EUR 3.9 million (EUR 4 million in Q2 2021) in Q3. Business development and the expansion of Saldo Finance remained stable despite lingering pandemic-related challenges.

Financial health, consumer expectations, and behaviour of households have a significant impact on the lending market. According to data sourced from the Bank of Lithuania, loans to households account for more than 50% of the micro financing loan portfolio which displayed significant growth following the COVID-19 pandemic.

COVID-19 has had a significant impact on various sectors of the economy. The real estate market is no different. Recent research shows that year-over-year increases in real estate prices have increased during the pandemic.

Investment is laying out money or capital with expectations of returns or profit. While it is often associated with money, investment does not always imply financial returns or profits. Primarily, the purpose of investment is to gain something after laying down capital.

Saldo Finance UAB, a subsidiary of Finnish Saldo Finance Plc, has been granted ECB’s specialised banking licence in Lithuania. Saldo Finance Plc foresees remarkable expansion of operations