Banks

International Internet Magazine. Baltic States news & analytics Thursday, 27.07.2017, 01:45

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Sanitex raises EUR 23 mln from Danske

Sanitex raises EUR 23 mln from Danske

25.07.2017

Sanitex, a wholesale and logistics services provider in the Baltic states, has concluded an agreement with Danske Bank on a credit facility and guarantee facility worth EUR 23 million, which the company will use to finance its working capital, LETA was told at the bank.

Keyword tags: Banks, EU – Baltic States, Financial Services, Logistics, Markets and Companies, Transport



SEB grants EUR 5.7 mln loan to Olainfarm

SEB grants EUR 5.7 mln loan to Olainfarm

24.07.2017

SEB Banka has issued a EUR 5.7 million long-term loan to Latvian pharmaceutical company Olainfarm for expanding its chain of pharmacy stores Latvijas Aptieka, the bank’s representative Martins Panke reported LETA.

Rietumu Bank signed an administrative agreement with Financial Commission

Rietumu Bank signed an administrative agreement with Financial Commission

21.07.2017

Rietumu Bank and the Financial and Capital Market Commission have signed an agreement on termination of the administrative case that was initiated based on results of complete inspection and also on the information submitted to the Financial and Capital Market Commission by its international partners, informed BC Eleonora Gailisha from bank’s press service.


Latvia has one of lowest number of euro counterfeit cases in EU

Latvia has one of lowest number of euro counterfeit cases in EU

21.07.2017

Latvia still has one of the lowest number of euro counterfeiting cases in the EU, said Andris Taurins, a money security and technology expert at the Bank of Latvia, cites LETA.

Latvian Saeima repeatedly adopts controversial amendments to Credit Institutions Law

Latvian Saeima repeatedly adopts controversial amendments to Credit Institutions Law

21.07.2017

Saeima on July 21st repeatedly adopted the controversial amendments to the Credit Institutions Law that had been sent back to the parliament for revision by President Raimonds Vejonis. The amendments were adopted without any changes, writes LETA.


20.07.2017

Profits of Danske in Latvia and Lithuania drop, but grow in Estonia in H1

Danske Bank, the second-biggest financial group in Northern Europe by assets, saw its first-half net profit from core activities of corporate and private banking in Lithuania drop by 39% to 4 million euros, down from 6.6 million euros in the same period last year. Net profit of the Latvian branch of Danske Bank in the first half of this year was EUR 1.9 million, down 17% from the respective period last year. The profit of Danske Bank in Estonia in the first six months of 2017 was 6.1 million euros, 5% bigger than in the same period last year, informs LETA/BNS.

20.07.2017

Nordea Bank registers profits in Baltics in H1

Nordea, the largest Nordic and Baltic financial group, said on Thursday that its first-half operating profit in Lithuania rose by 11% year-on-year to 12.3 million euros. Nordea Bank in Latvia closed the first half of this year with EUR 14.7 million in operational profit and the income of the operation of the Nordea financial group in Estonia in the first half of 2017 totaled 45.2 million euros, reports LETA/BNS.

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