JSC "SNORO lizingas" was established on 30 April of 1999 as a daughter company of AB bank “SNORAS”. JSC “SNORO lizingas” provides hire purchase and factoring services.

Leasing and factoring are the services which allow the customer to start using the desired good or service after paying only part of its price. The remaining amount of money is paid to the leasing company by installments according to the agreed schedule. The title to ownership of the good for the period of leasing agreement belongs to the leasing company. Only after full settlement of the account with the leasing company the buyer acquires full ownership of the good.

JSC "SNORO lizingas" has already concluded over 1,4 million hire purchase agreements for over 1,9 billion litas; also, it has activated over 204 thousand co-branded cards and granted credit limits for over 478 million litas. At present, JSC "SNORO lizingas" is collaborating with over 3 500 different trade networks, shops and agencies.