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Sunday, 29.03.2015, 22:29
The Estonian Krediidipank group earned a consolidated profit of 1.4 million euros in 2014, a growth of 40% in a year, LETA/Postimees Online reports.
Keyword tags: Banks, Estonia, Financial Services, Loan
The surplus balances of services and of secondary income did not offset the foreign trade and primary income balances; this led to the build-up of an EUR 36.8 million current account balance (CAB) deficit in the country's balance of payments in Q4 2014, writes LETA/ELTA.
Loans and leases were issued to Estonian companies and households moderately in February 2015, which is common at the start of the year; the financing portfolio grew by relatively little over the month, and stood at 15.3 billion euros at the end of February, Estonia's central bank Eesti Pank said in its fresh statement on banking sector statistics for February 2015, cites LETA.
The Board of the Bank of Lithuania approved the Macroprudential Policy Strategy, by implementing which the country's central bank will contribute to the protection of the stability of the country's financial system, enhance the financial system's resilience and reduce the possibilities for the formation of systemic risks to ensure a sustainable contribution of the financial sector to economic growth, the Bank of Lithuania announced LETA/ELTA.
"MasterCard" is the most popular payment or bank card used in Latvia, accounting for two-thirds of all cards issued in Latvia, according to the Association of Commercial Banks of Latvia's statistics on payment cards for 2014, cites LETA.
The EU is striving for safe and stable financial system. During last years, the EU legislation was aimed at better supervision, greater transparency, stronger financial institutions and means to deal with risks. When regulating, the EU and the member states shall rely on proportionate principle, taking into account the effect of the rules on the marketplace. Besides, reality checks should apply in creating jobs and growth in Europe.
Prime Minister Laimdota Straujuma (Unity) is certain that Latvia will win the international arbitration case versus the wind park developer Winergy, informs LETA.