Citadele Leasing reports EUR 13.98 million 2021 profit

Published date06 May 2022
Publication titleLETA

RIGA, May 6 (LETA) - Citadele Leasing, the lease provider of Citadele banking group, closed 2021 with EUR 33.973 million in turnover, which is an increase of 0.3 percent against a year before, and a profit of EUR 13.983 million, which is 42.5 times larger than in 2020, according to information available at Firmas.lv.

The leasing company's interest income from financial leases came to EUR 29.341 million, management fees brought in EUR 1.883 million and operating leases generated EUR 2.749 million.

The company's management said in the annual report that in order to support private individuals as well as small and medium-sized enterprises willing to use environmentally friendly solutions, Citadele Leasing continues to support a transition to "green assets".

The company's assets totaled EUR 891.5 million at the end of 2021.

...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT