Banks

International Internet Magazine. Baltic States news & analytics Monday, 19.08.2019, 06:56

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 AS PNB Bankas's new shareholders and Management Board announcement

AS PNB Bankas's new shareholders and Management Board announcement

18.08.2019

On Sunday evening, a statement was published on the website and on the pages of the National Bank of the Bank of new shareholders and the bank's board. Below is the full text of the statement.

Keyword tags: Banks, Financial Services, Latvia, Legislation



40% of PNB Banka clients are senior citizens

40% of PNB Banka clients are senior citizens

16.08.2019

According to information from the Financial and Capital Market Commission (FKTK), 40% of PNB Banka's clients are senior citizens, reported LETA/BNS.

Citadele Bank to pay guaranteed compensation to PNB Banka customers

Citadele Bank to pay guaranteed compensation to PNB Banka customers

16.08.2019

Citadele Bank will pay guaranteed compensation to PNB Banka customers, Jelena Lebedeva, head of the Financial and Capital Market Commission's (FCMC) Resolution and Guarantee Funds Division, told LETA on Friday.


FCMC suspends the provision of financial services by JSC PNB Banka and decides on the unavailability of deposits

FCMC suspends the provision of financial services by JSC PNB Banka and decides on the unavailability of deposits

15.08.2019

The European Central bank (ECB) as a direct supervisor of JSC PNB Banka, on 15th of August, 2019 decided to recognize the bank as failing or likely to fail financial institution. Whereas the European Single Resolution Board (SRB) has decided not to take resolution of JSC PNB Banka, which means not to take actions to stabilize the Bank’s activities, announced Financial and Capital Market Commission (FCMC).

Swedbank Estonia to lower management fees for 2nd pillar funds

Swedbank Estonia to lower management fees for 2nd pillar funds

15.08.2019

Swedbank Estonia is about to cut the management fees for second pillar pension funds by about one-fifth from September, reported LETA/BNS.


14.08.2019

There are signs within the strong labour market that the economy is cooling

The labour market remains favourable for employees. The unemployment rate was 5.1% in the second quarter. The number of short-term workers from abroad rose noticeably. Employers in industry have become more pessimistic about continued growth in employment.

12.08.2019

Estonian economist: Export slowdown attributable to decline in shale oil products' export

The deceleration of export growth to 4 % in the first half-year is largely attributable to a low result in June, the outcome was foremost affected by a strong decline in the export of shale oil products, Swedbank chief economist Tonu Mertsina said LETA/BNS.

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