Banks

International Internet Magazine. Baltic States news & analytics Thursday, 24.04.2014, 17:03

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Silver coin to mark 25th re-establishment anniversary of Vytautas Magnus University

Silver coin to mark 25th re-establishment anniversary of Vytautas Magnus University

24.04.2014

The Bank of Lithuania has issued into circulation a 50 litas collectors (commemorative) silver coin dedicated to the 25th anniversary of the re-establishment of Vytautas Magnus University. The new coin has been presented at Vytautas Magnus University in Kaunas, said the Bank of Lithuania in a statement, cites LETA/ELTA.

Keyword tags: Banks, Education and Science, Financial Services, Lithuania



EBRD joins Estonian VKG oil shale industry loan syndicate

EBRD joins Estonian VKG oil shale industry loan syndicate

23.04.2014

The European Bank for Reconstruction and Development (EBRD) made a decision this month to grant a loan to Estonian shale oil producer Viru Keemia Grupp (VKG), LETA/Public Broadcasting reports.

Bigbank fined with EUR 13,000 for unfair business practice in Latvia

Bigbank fined with EUR 13,000 for unfair business practice in Latvia

23.04.2014

The Customer Protection Center in Latvia has ordered the joint-stock company Bigbank to halt unfair commercial practice and ordered Bigbank to alter the procedure for calculating interest applicable to agreements signed from December 2, 2008 to April 30, 2011, informs LETA.


SEB: after years of crisis, Estonians choose new homes based on long-term prospects

SEB: after years of crisis, Estonians choose new homes based on long-term prospects

22.04.2014

Held under the leadership of SEB last week, a meeting of real estate buyers and sellers in Estonia confirmed that someone buying a new home today must both carefully consider their family's actual needs and compare real estate offers that meet those needs before making a decision; often, a family will establish their borrowing capacity at the bank before even inspecting property for sale, the press service of the banking group SEB said in a statement.

Creditors of Ukio Bankas waived their rights to property of Hearts football club

Creditors of Ukio Bankas waived their rights to property of Hearts football club

22.04.2014

The creditors' committee of bank Ukio Bankas have approved the proposal to waive their rights to property of the Scottish football club Hearts, including pledging shares of the company which owns the club, for the amount agreed, informs LETA/ELTA.

19.04.2014

262 people, who have not recovered EUR 1.7 mln from Snoras go to court

A group of buyers of unregistered Bank Snoras shares, brought together by the Investors' Association, has gone to court requesting to acknowledge them as depositors. They claim that the bank has not committed its obligation to return the funds after the Bank of Lithuania had refused to authorise Bank Snoras's capital increase, informs LETA/ELTA.

17.04.2014

Estonian Parliament toughens capital requirements for banks

The Riigikogu approved on Wednesday with 88 for votes the law of amendments to the credit institutions law and other connected laws, which among other things will bring tougher capital requirements for banks, LETA/Postimees Online reports.

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