International Internet Magazine. Baltic States news & analytics
Thursday, 31.07.2014, 20:34
Bigbank, which started last year with board member change, grew its profit by a half; the company's goal is to snatch market share from universal banks with its new loan products, Äripäev Online reports, informs LETA.
Keyword tags: Banks, Estonia, Financial Services, Good for Business
The international financial magazine "Global Finance" has named "SEB banka's" internet bank the best in Latvia for the second consecutive year. The winners were selected by a world-class judging panel who assessed the possibilities customers have and the level of service, informs LETA.
The banking sector's total profit in the first six months this year amounted to EUR 176.8 million, according to the Financial and Capital Market Commission's data, reports LETA.
SIA Linas Agro, a subsidiary of AB Linas Agro Group, has refinanced its existing liabilities and attracted new capital to develop its business in Latvia. The credit line for working capital in the amount of 30 million euros has been granted by SEB and DNB banks in Latvia within the scope of the club loan with SEB Banka being the leading bank of the transaction. The funding is secured in equal parts - 15 million euros by each bank, says the company in a statement, informs ELTA/LETA.
"Danske Bank" concluded the first half of 2014 in Latvia with a net loss in the amount of EUR 6.389 million, informs LETA.
"Baltikums Bank" earned EUR 14.8 million in the first half of 2014, while the bank's net profit reached EUR 6.35 million, according to the bank's unaudited financial data, informs LETA.
Increasingly more people choose to shop online - Swedbank statistics indicate that during the first five months of 2014, the amount of online purchases by Swedbank clients increased by 25 percent as compared to the respective period of 2013, reports LETA.