UAB "DnB NORD Lizingas", a leasing subsidiary of DnB NORD Bankas, has opened a representative office in Marijampolė to offer a full range of financial leasing and operating lease services to private and corporate customers.

That is the first representative office of UAB "DnB NORD Lizingas" in southern part of Lithuania and the sixth throughout the country. Until now leasing services to customers in Marijampolė and Alytus regions have been provided by the company’s offices in Kaunas or Vilnius.

A new representative office headed by Ms. Odeta Murauskienė will carry out its activity at the premises of DnB NORD Bankas, operating in the very heart of the town centre, thus providing the customers with a possibility to receive all the necessary, banking, insurance and leasing services at one site.

“Opening of a new office will undoubtedly provide new opportunities for the people and businesses in the region to enjoy even more diverse and favourable leasing services and conditions, choose most modern financing instruments and solve household or business financing needs in a most convenient way,” – says Mr. Povilas Milašauskas, Director General of UAB "DnB NORD Lizingas".

The representative office in Marijampolė will offer all types of financial leasing and operating lease services for financing the acquisition of motor vehicles and commercial vehicles, equipment and agricultural machinery as well as commercial and manufacturing real estate. Additional services of the company – motor vehicle leasing with casco insurance, financial leasing with residual value, direct debit applications for more convenient leasing payments administration, etc.

The leasing portfolio of UAB "DnB NORD Lizingas", a member of the international DnB NORD group, increased 56.5 percent year-on-year to LTL 773 million as at the end of 2007 and increased by another LTL 50 to LTL 823 million over the first two months of the year. Ranking third in terms of its asset portfolio, the leasing company outpaced overall market growth increasing its market share to 7.2 percent in 2007 from 6.6 percent the year before.