International Internet Magazine. Baltic States news & analytics
Wednesday, 04.03.2015, 10:33
Ontario Superior Court of Justice in Canada has decided to place under arrest 6,500,240 shares that Kyrgyzstan owns in the company Centerra Gold, worth CAD 20.5 million (EUR 14.645 million) in total, as the joint-stock Belokon Holdings informs LETA.
Keyword tags: Baltic States – CIS, Banks, Financial Services, Latvia, Legislation
Joint-stock Meridian Trade Bank concern operated with EUR 217,000 in profit in 2014, informs LETA, according to the bank's financial report published on Tuesday.
Citadele group recorded EUR 31.1 million in unaudited profit in 2014, up by 129% compared to 2013, according to the bank's financial report, cites LETA.
The Latvian commercial bank Trasta komercbanka concluded 2014 with losses in the amount of EUR 9.79 million, informs LETA.
ABLV Bank increased its profit in 2014, reaching EUR 58.7 million. Meanwhile, the Group's profit in 2014 was EUR 63.8 million, reports LETA, according to the bank's statement.
At the end of 2014, there were 313 bank subsidiaries and sub-branches in Latvia, representative of the Association of Commercial Banks of Latvia, Baiba Melnace, told LETA.
The year of 2014 was a period of a consistent resumption and on-going strive forward to Siauliu Bankas Group – both the Bank and the Group improved their performance results. The Group generated EUR 11.8 million of the pre-audited net profit of, which 2.2 times exceeded the result achieved in 2013 when the net profit amounted to EUR 5.3 million, writes LETA/ELTA.