International Internet Magazine. Baltic States news & analytics
Sunday, 20.04.2014, 14:24
The Riigikogu approved on Wednesday with 88 for votes the law of amendments to the credit institutions law and other connected laws, which among other things will bring tougher capital requirements for banks, LETA/Postimees Online reports.
Keyword tags: Banks, Estonia, Financial Services, Legislation
According to estimations of Lithuania Post, the number of domestic money orders sent in the course of the current year 2014 has almost doubled if compared with the same period of 2013. The results were mainly determined by expanded number of PayPost outlets and shrinking network of bank units serving customers, informed BC Lithuania Post.
The Board of the Bank of Lithuania approved the 2015 issue Lithuanian euro coin samples, which will the basis for the Lithuanian circulation euro coins, the Bank of Lithuania said in a statement, cites LETA.
Ukrainian and Russian risks on Estonian credit institutions are relatively low, Estonian Financial Supervision Authority (FSA) board member Andres Kurgpõld said, LETA/Postimees Online reports.
Lithuania's Prime Minister Algirdas Butkevicius welcomes European Parliament's decision made on Tuesday approving new key banking rules that would put an end to expensive taxpayer bailouts, making instead banks rely on their own resources, the prime minister's press service informs LETA/ELTA.
Vasiliauskas presents Lithuania's preparedness for adoption of euro to Central Banks of Ireland and Finland
The Chairman of the Board of the Bank of Lithuania Vitas Vasiliauskas met the Governor of the Central Bank of Ireland, Patrick Honohan, on Tuesday in Dublin, and presented to him the latest information on Lithuania's economy and the country's preparedness to adopt the euro, informs LETA/ELTA.
Latvia's joint-stock Citadele banka and joint-stock Reverta face a European Union probe into Latvian state aid that may delay government plans to sell Citadele this year, LETA reports, referring to Bloomberg.