Latvian Companies Borrow 3x Less Than in Europe – Why?
Artūrs Geisari20/02/20253 min read
Latvian marketBank financingAlternative lenders
Latvia's corporate and household lending volumes are among the lowest in Europe. The outstanding loan balance relative to GDP is only 27.5%, compared to the eurozone average of 76.9%.
Why are lending volumes so low?
- Conservative bank policies post-financial crisis
- Limited SME access to credit
- Insufficient use of alternative financing
- Entrepreneur concerns about debt obligations
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