"The market has changed, expanded and is very competitive as over 140 different credit providers can issue consumer loans," Rolandas Norvilas, head of Bigbank's Lithuanian branch, said in a statement.
In his words, the branch's loan portfolio has been growing by at least a quarter for the past five years.
In late June, Bigbank's Lithuanian branch's loan portfolio was valued at 1010.7 mln euros, an increase of 25% year-on-year. Consumer loans grew 27% to 94.2 mln euros, and business loans were up 15% to 16.5 mln euros.
