Banks

International Internet Magazine. Baltic States news & analytics Saturday, 01.08.2015, 12:45

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Eesti Pank specified its macroprudential policy principles

Eesti Pank specified its macroprudential policy principles

31.07.2015

Estonia's central bank Eesti Pank announced that changes to the Eesti Pank Act came into force on 19 May 2014 giving the central bank a clearer mandate than before to act as a macroprudential authority in Estonia, informs LETA.

Keyword tags: Banks, Estonia, Financial Services, Legislation



Bank of Lithuania issues new licence to engage in non-life insurance activity after 14 years break

Bank of Lithuania issues new licence to engage in non-life insurance activity after 14 years break

31.07.2015

The Board of the Bank of Lithuania decided to issue an insurance business licence for the private limited liability insurance undertaking Compensa Vienna Insurance Group, UADB in the process of foundation, which entitles to engage in the activities of insurance classes within the non-life insurance branch and of compulsory insurance, reported LETA/ELTA, referring to Lithuania's central bank.

Estonian stabilisation reserve increased by 1.4% in June y-o-y

Estonian stabilisation reserve increased by 1.4% in June y-o-y

31.07.2015

As of the end of June 2015, the Estonian stabilisation reserve volume was 373 million EUR in market value; the volume of the reserve grew by 5 million EUR or 1.4% in a year, LETA/Postimees Online reports.


EcoMin critical about banks' lending policies that "hinder Latvia's economic growth"

EcoMin critical about banks' lending policies that "hinder Latvia's economic growth"

30.07.2015

Latvian banks' lending policies are too passive, which hinders Latvia's economic growth, Economy Minister Dana Reizniece-Ozola (Greens/Farmers) said in an interview with LNT television channel today, cites LETA.

Banking sector's profit in Latvia at EUR 219.6 mln in H1

Banking sector's profit in Latvia at EUR 219.6 mln in H1

29.07.2015

The Latvian banking sector operated with a profit of EUR 219.6 million in the first six 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.

29.07.2015

In June, loans to households for consumption in Lithuania stood at EUR 656 mln

In June 2015 the Bank of Lithuania's holdings of debt securities, issued by euro area residents, and loans to euro area residents increased by EUR 211.0 million and EUR 3.7 million respectively. At the end of the month, these indicators amounted to EUR 1.9 billion and EUR 592.1 million respectively, reports LETA/ELTA Lithuania's central bank.

28.07.2015

Profit of Latvian monetary financial institutions – EUR 220.6 mln in H1

In the first half of the year 2015, profit of monetary financial institutions in Latvia was EUR 220.6 million, reports LETA, according to the Bank of Latvia.

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