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Thursday, 03.09.2015, 09:49
During the first half of 2015, Citadele Group's profit in Latvia reached EUR 14.9 million, which is a 3% increase compared to H1, 2014. "Private investors' becoming part of the bank's shareholder structure marked the beginning of a new development phase for Citadele. This year is notable for investments in the bank's development," comments Guntis Belavskis, CEO of Citadele banka.
Keyword tags: Banks, Financial Services, Latvia, Technology
In the first half of the year 2015, the troubled assets manager Reverta retrieved EUR 20.6 million from restructuring troubled credits and selling real estate, according to Reverta’s unaudited financial report for the first quarter, writes LETA.
In the second quarter of 2015, more than a third of credit unions in Lithuania operated at a loss, thus the profit of the credit unions sector for the half-year dropped to EUR 0.1 million (down from EUR 2.1 million in profit in the same period in 2014), the Bank of Lithuania reports LETA/ELTA.
The Latvian banking sector operated with a profit of EUR 257.5 million in the first seven months of 2015, reports LETA, according to the Financial and Capital Market Commission's preliminary data about Latvian banks' performance in the first half of the year.
In the second quarter of the year 2015, Lithuanian payment institutions strengthened their positions both in the cash payments market and electronic payments market by taking over an increasingly larger share of them from commercial banks, reports BC the press service of the Bank of Lithuania.
This week buyers will be again proposed to acquire in an auction the property of the bankrupt Snoras bank: buildings, land plots and artwork – all at lower cost, reports LETA/ELTA, referring to Vakaro zinios.
At end-2014, financial and insurance enterprises accumulated EUR 41 361.4 mln of assets in Lithuania
Statistics Lithuania informs that an annual publication Statistics of Financial Enterprises 2014 has been released.