International Internet Magazine. Baltic States news & analytics
Wednesday, 04.03.2015, 10:33
Canadian court arrests Kyrgyz shares to enforce compensation to Belokons
03.03.2015Ontario Superior Court of Justice in Canada has decided to place under arrest 6,500,240 shares that Kyrgyzstan owns in the company Centerra Gold, worth CAD 20.5 million (EUR 14.645 million) in total, as the joint-stock Belokon Holdings informs LETA.
Keyword tags: Baltic States – CIS, Banks, Financial Services, Latvia, Legislation
Meridian Trade Bank posted EUR 217,000 in profit in 2014
03.03.2015Joint-stock Meridian Trade Bank concern operated with EUR 217,000 in profit in 2014, informs LETA, according to the bank's financial report published on Tuesday.
Citadele group in Latvia closes 2014 with EUR 31 mln profit
02.03.2015Citadele group recorded EUR 31.1 million in unaudited profit in 2014, up by 129% compared to 2013, according to the bank's financial report, cites LETA.
Trasta komercbanka concludes the year 2014 with EUR 9.79 losses due to situation in Ukraine
27.02.2015The Latvian commercial bank Trasta komercbanka concluded 2014 with losses in the amount of EUR 9.79 million, informs LETA.
ABLV Bank increases profit to EUR 58.7 mln in 2014
27.02.2015ABLV Bank increased its profit in 2014, reaching EUR 58.7 million. Meanwhile, the Group's profit in 2014 was EUR 63.8 million, reports LETA, according to the bank's statement.
Number of bank subsidiaries and sub-branches reduce in Latvia in 2014
At the end of 2014, there were 313 bank subsidiaries and sub-branches in Latvia, representative of the Association of Commercial Banks of Latvia, Baiba Melnace, told LETA.
Net profit of Siauliu Bankas Group grows 2.2 times in 2014
The year of 2014 was a period of a consistent resumption and on-going strive forward to Siauliu Bankas Group – both the Bank and the Group improved their performance results. The Group generated EUR 11.8 million of the pre-audited net profit of, which 2.2 times exceeded the result achieved in 2013 when the net profit amounted to EUR 5.3 million, writes LETA/ELTA.
Future of tomorrows’ economy: incentives for business 
