European leasing trade association Leaseurope has admitted the Association of Lithuanian Banks (LBA), representing it’s Leasing Committee, as it’s latest member.

Laimonas Belickas, chair of LBA’s Leasing Committee, said: "The leasing market in Lithuania is the largest of the Baltic countries. We intend to facilitate and share best international practices in the legal and regulatory spheres and to actively participate in market research initiatives."

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Massimiliano Moi, chairman of Leaseurope, added: "The outstanding level of expertise and wide-ranging experience that our members already bring to Leaseurope will be further diversified and enriched with the coming on board of LBA’s Leasing Committee."

The deal takes Leaseurope’s membership to 44 associations, with a presence in 25 out of 27 EU states, making it, according to Moi, "the voice of the industry at European Level."

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