International Internet Magazine. Baltic States news & analytics
Wednesday, 28.01.2015, 00:57
Banks operating in Estonia earned a profit of 331 million euros in 2014, 25.2% less than in 2013, it appears from the financial statistics published on Monday by Eesti Pank, LETA/Postimees Online reports.
Keyword tags: Banks, Estonia, Financial Services
481 counterfeit euro banknotes were discovered in Estonia last year, of which 249 in the second half of the year, Estonia’s central bank Eesti Pank announced, cites LETA.
Estonian housing loan portfolio grew by 2.8% in 2014, Estonia’s central bank Eesti Pank said in a fresh statement on banking sector statistics for December 2014, reports LETA.
The European Central Bank will also purchase Latvia's bonds and, hopefully, part of the money pumped into the European economy will also reach Latvia and foster bank lending here, as the Bank of Latvia President Ilmars Rimsevics said in an interview with the Latvian State Television this morning, informs LETA.
The share of Estonia's central bank Eesti Pank in the European Central Bank (ECB) bond purchase program is about 0.27%, which means that the Estonian central bank can buy securities for up to 162 million euros per month or a total of up to three billion euros, LETA/Postimees Online reports.
On Tuesday, 20 January, during his visit to the United Kingdom, Lithuanian Minister of Finance Rimantas Sadzius met with Suma Chakrabarti, President of the European Bank for Reconstruction and Development (EBRD). The meeting addressed the importance and benefit of Lithuania's accession to the euro area, as well as the progress and prospects of projects implemented by the EBRD in Lithuania, informs LETA/ELTA.
Latvijas Krajbanka administrator KPMG Baltics retrieved EUR 53.1 million last year, according to a review published in the government's official newspaper "Latvijas Vestnesis", cites LETA.