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Friday, 04.12.2020, 15:27
Latvian banking assets up 3% in nine months
04.12.2020The aggregate assets of Latvian banks rose 3% in the first nine months of 2020 and stood at EUR 23.906 billion at the end of September, informs LETA, according to the data released by the Finance Latvia Association.
Keyword tags: Banks, Financial Services, Good for Business, Latvia
Swedbank posted the largest profit among Latvia's banks in 9 months
04.12.2020Five banks in Latvia closed the first nine months of 2020 with losses, with Citadele reporting the biggest nine-month loss, according to the data released by Finance Latvia Association. Swedbank posted the largest profit among Latvia's banks, informs LETA.
Owners of Rietumu Banka and ABLV Bank top Latvia's rich-list
03.12.2020Owners of Rietumu Banka and ABLV Bank, which in the process of liquidation, have topped Latvia's rich-list in 2020, compiled by the business newspaper Dienas Bizness and Lursoft publication Millionaire, cites LETA.
Estonian tech startup Salv raises EUR 1.5 mln
03.12.2020Estonian startup Salv has announced closing a funding round of 1.5 mln euros to expand its anti-money laundering pilot to other European Union countries.
SEB: most listed companies in Baltics in no hurry to hedge financial risks
02.12.2020An analysis of the risk mitigation practices related to the financial markets of listed Baltic companies by SEB revealed that only a few companies on the Baltic Main List pay attention to reducing the risks arising from changes in exchange rates, interest rates and commodity prices, cites LETA/BNS.
Citadele Bank posts EUR 24.451 mln in losses in nine months
Losses sustained by Citadele Bank in the first nine months of this year have reached EUR 24.451 mln in contrast to a profit a year ago, according to the information published by the bank, writes LETA.
People have become more prudent in their consumption habits
Data from Statistics Estonia put Estonian GDP down 1.9% over the year in the third quarter, but up 3.3% on the previous quarter. This performance is better than that outlined in the baseline forecast scenario and is closer to that in the positive scenario. The statistics available so far show that the fall in GDP in Estonia in the third quarter was among the smallest in the European Union, but not much different from the results for other Northern European countries.
The Baltics through a “common language” in Interreg 
