Banks

International Internet Magazine. Baltic States news & analytics Saturday, 21.01.2017, 00:00

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Low levels of investment activity mean that companies are borrowing less than before

Low levels of investment activity mean that companies are borrowing less than before

20.01.2017

Corporate debt liabilities shrank in the third quarter of 2016 despite the rapid growth in bank loans. Growth in household loans accelerated, but remained slower than growth in incomes and savings. As before, more financial assets were invested abroad or returned there than were taken in from abroad

Keyword tags: Analytics, Banks, Estonia, Financial Services, Investments, Loan



Lithuanian watchdog probes possible abuse of dominant position by Swedbank

Lithuanian watchdog probes possible abuse of dominant position by Swedbank

19.01.2017

The Lithuanian Competition Council (LCC) has launched a probe into whether or not Swedbank, one of the country's biggest banks, has abused a dominant position, reports LETA/BNS.

Citadele Bank to expand its retail banking operations in Estonia

Citadele Bank to expand its retail banking operations in Estonia

17.01.2017

Latvia’s Citadele Bank, which until now focused its Estonian business on serving corporate clients, is now planning to expand retail banking services in Estonia, informs LETA/BNS.


November was a record month in the Latvian export of wood products

November was a record month in the Latvian export of wood products

17.01.2017

According to the data of the Central Statistical Bureau (CSB), the Latvian external trade turnover dropped slightly (0.6%) month-on-month. Within a month, the goods export and import values dropped by 0.1% and 1.1% respectively. Year-on-year, the goods export and import values posted positive growth by 3.4% and 3.2% respectively, which is a good performance, given the still low level of external demand.

Liquidator of bankrupt Trasta Komercbanka recovers EUR 112 mln by late December 2016

Liquidator of bankrupt Trasta Komercbanka recovers EUR 112 mln by late December 2016

13.01.2017

Ilmars Krums, the liquidator of Latvia's Trasta Komercbanka, has recovered EUR 111.94 mln starting from March 14, 2016, by late December 2016, reports LETA/BNS.


13.01.2017

Estonia's current account ran EUR 76 mln surplus in November

Estonia ran a current account surplus of 76 mln euros in November 2016, a flash estimate published by the Bank of Estonia on Friday indicates.

12.01.2017

Inflation rises faster than expected

This time, the economic analysts were unanimous in their assessment that inflation would rise, but the actual data still exceeded the forecast; and it was the result of supply side factors. In December, consumer prices rose 0.6% month-on-month and 2.2% year-on-year. This ended the four-year period of very low (close to zero) inflation.

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