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Lithuanian Households After COVID-19
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’s Effect on Prices of Real Estate in Europe
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.
Investing and Responsibility
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.
Finnish fintech Saldo Finance received ECB’s specialised banking licence
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
The post-pandemic status of business entities in Lithuania
Recently, the Bank of Lithuania presented the results of an annual survey of non-financial corporations operating in Lithuania. This survey was conducted with the purpose of analysing companies’ financial health and activity trends, and to assess the demand for financial resources, financing opportunities. The impact of the COVID-19 pandemic and other aspects related to the business development and sustainability were taken into account.
How Has COVID-19 Affected Consumers' Savings in Europe
The COVID-19 pandemic brought the world to its knees in a remarkably short amount of time. Fortunately, with more people getting vaccinated, the effects of the pandemic are slowly but surely receding into the past as nations in Europe move forward.
Customer service specialist – the voice of the company
When Saldo launched its loan services in Lithuania at the beginning of 2021, Rusnė was the first Customer Service Specialist recruited.