Date: 25.04.2019.

International Internet Magazine. Baltic States news & analytics Friday, 20.09.2019, 23:44

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Estonia: Banks’ net profit fell in the first quarter

Estonia: Banks’ net profit fell in the first quarter

25.04.2019

Banks’ net profit fell in the first quarter 24.04.2019 Keywords: financial stabilityMari Tammloansinterest ratesdeposits Mari Tamm economist at Eesti Pank The stock of housing loans grew quite fast in March, but the number of new loan contracts signed has been smaller recently than it was a year ago. Corporate loans increased mainly because of energy companies, while demand for credit remained muted among other companies. Bank deposits continued to grow faster than loans. The net profit of the banking sector decreased by 47% in the first quarter because of expenses related to structural changes in the market.

Keyword tags: Analytics, Banks, Estonia, Financial Services



Estonia: Telia's Q1 revenue grows 6 pct on year to EUR 75.8 mln

Estonia: Telia's Q1 revenue grows 6 pct on year to EUR 75.8 mln

25.04.2019

Revenue of the Estonian operation of Telia in the first quarter of 2019 increased 6% compared to the same quarter of 2018 and totaled 75.8 mln euros, reported LETA/BNS.

Estonia: Redgate partners invest in Argeld crowdfunding platform

Estonia: Redgate partners invest in Argeld crowdfunding platform

25.04.2019

Argeld, a crowdfunding platform that has been focusing mainly on real estate projects so far, was joined by new investors, including partners at the investment banking company Redgate Capital, and the company will expand to financing the growth of small enterprises, reported LETA/BNS.


XI "WHITE SQUARE" has announced the winners

XI "WHITE SQUARE" has announced the winners

25.04.2019

April 19, winners award ceremony of one of the largest international creative events of Central and Eastern Europe — the “White Square” festival, which was held in the Belarusian capital for the eleventh time and gathered participants from 32 countries, took place. This year, the festival has sounded on the international stage under the slogan Your Moment is Now.

Maxima retailer to equip its Baltic stores with solar panels

Maxima retailer to equip its Baltic stores with solar panels

25.04.2019

Maxima retailer plans to spend EUR 10 million over the next five years to equip its stores in the Baltic states with solar panels generating autonomous energy, Maxima Latvija spokeswoman Liene Dupate-Ugule informed BC.


25.04.2019

Estonia prepared to intensify business relations with China

The Ministry of Economic Affairs and Communications said that Estonia is prepared to deepen trade and business relations with China, reported LETA/BNS.

25.04.2019

Estonia: Volume of pension funds grows to EUR 4.2 bln

The volume of assets of mandatory pension funds rose by 314 mln euros in Estonia in the first quarter of this year, the volume of total assets rose to 4.2 bn euros, informed LETA/BNS.

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