Sweden's Marginalen Bank and Estonia's Krediidipank are eyeing the company's hire-purchase and consumer credit business, the Eversus.lt news website quoted sources as saying.
"It is only Société Générale's top managers who can comment on the company's sale process. Neither I nor anyone else has the right to comment on this matter," General Financing CEO Konstantin Balakin told the website when asked how far the sale process had advanced.
Sources say that the international auditing, tax, and business consulting firm KPMG is handling the sale of the company, with Marginalen Bank, a Swedish bank set up in 2010, and Bank of Moscow-controlled Krediidipank, which has been operating in Estonia since 1992, being mentioned among its potential buyers.
Krediidipank has a branch in Latvia and plans to revamp the branch's operations this year to focus on loans to business customers.
Marginalen Bank also has operations in the Baltic countries, including Gelvora, Lithuania's largest debt collection firm, and Latvia's consumer credit provider Aizdevums.
