/nginx/o/2023/07/18/15464044t1h7833.jpg?fit=%2C&ssl=1)
“The period of rising interest rates has undeniably created challenges, however, we see that our customers treat their obligations responsibly. We are also pleased by the fact that, since the rapid rise in interest rates, more and more customers have been interested in the possibility of depositing their free funds in time deposits, as well as investing in various in financial instruments,” says Ieva Tetere, chairman of the board of “SEB banka”.
The bank also notes that in the second quarter of this year, clients were actively interested in forecasts regarding the stabilization and possible reduction of interest rates, and also diverted funds for loan repayment. Also, the rapid rise in interest rates forced the citizens to more carefully evaluate the assumption of new obligations, evaluating not only the market offer, but also the impact of potential utility payments on monthly expenses.
The total loan portfolio of “SEB banka” at the end of June 2023 was 3.2 billion euros, which is 6% more than at the end of June 2022.
According to the bank, lending to small and medium enterprises showed stable results in the second quarter, where compared to the first half of last year, the amount of lending increased by 22%, reaching the amount of newly granted loans of 143 million euros. Almost half of the issued loans are made up of leasing, and the amount of current assets loans issued has also increased.
The bank notes that the demand for leasing has significantly increased in the agricultural and transport sectors – these sectors show positive growth quarter after quarter, compared to 2022.
The bank also mentions that a positive performance can be observed in the segment of servicing large companies – in the first half of 2023, the total amount of newly granted loans amounted to 382 million euros, which is almost three times more than in the corresponding period last year.
2023-07-18 10:51:00
#SEB #Groups #profit #year #Latvia #reached #million #euros
