Banks

International Internet Magazine. Baltic States news & analytics Monday, 21.09.2020, 21:02

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SEB survey: Consumption in Estonia at same level as last year at end of summer

SEB survey: Consumption in Estonia at same level as last year at end of summer

21.09.2020

An analysis of consumer behavior conducted by SEB among Estonian people in August shows that consumption reached the same level by the end of summer as at the same time last year, reported LETA/BNS.

Keyword tags: Analytics, Banks, Estonia, Financial Services, Markets and Companies, Retail



Peter Bosek to take over as Luminor Bank CEO on January 1 next year

Peter Bosek to take over as Luminor Bank CEO on January 1 next year

18.09.2020

Peter Bosek will take over as Luminor Bank chief executive on January 1 next year, the bank told BC.

Rietumu Bank's comment to the Telegraph magazine

Rietumu Bank's comment to the Telegraph magazine

17.09.2020

Latvian business magazine the Telegraph has published an article on how the recent Covid-19 emergency situation affected the operation of the banks.


Bank of Lithuania: Electronic money and payment institutions managed to withstand the shock of COVID-19

Bank of Lithuania: Electronic money and payment institutions managed to withstand the shock of COVID-19

16.09.2020

In the first half of 2020, the number, payment transactions and income of electronic money and payment institutions (EMIs/PIs), which hold a significant share of the Lithuanian fintech sector, continued to grow at a rapid pace.

Znotina: Banks should learn how to serve high-risk customers

Znotina: Banks should learn how to serve high-risk customers

16.09.2020

Latvian banks should learn how to serve high-risk customers so that the countries economy and competitiveness does not suffer, said Financial Intelligence Service (FID) head Ilze Znotina an a discussion on Wednesday, referred LETA.


16.09.2020

Lithuania's banking association creates common client check standard

Following a wave of money-laundering scandals in the Baltic region, financial and credit institutions united by the Association of Lithuanian Banks have created a common client check standard aimed at standardizing processes for market participants' preventive actions and providing clarity and simplicity for residents using financial services.

16.09.2020

Lithuania mulls allowing third-country businesses open e-money accounts

Lithuania is considering facilitating conditions for Belarusian businesses to move to Lithuania by letting them open not only bank accounts while establishing an enterprise in Lithuania but also open accounts with e-money institutions, Vice Minister of Economy and Innovation Marius Skuodis says, adding that legal changes would be required to do so, writes LETA/BNS.

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