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Sunday, 26.04.2015, 04:16
Citadele Banka’s regulatory capital increased by approximately another 9 million euros additionally to the EUR 10 million invested in the bank’s capital by the EBRD and Citadele’s new shareholders. Thus the shareholders have increased Citadele Banka’s regulatory capital by almost EUR 19 million within a short time period, reported BC bank’s press service.
Keyword tags: Banks, EU – Baltic States, Financial Services, Latvia
Incomes and savings of Estonian households increased faster in 2014 than their debt liabilities did, Estonian central bank Eesti Pank said in its fresh financial account statistics, informs LETA.
SEB Group operating income in Latvia, after taxes and provisions in the first quarter of 2015, reached EUR 8.7 million, which is 31% more than in the first three months of 2014, SEB banka announced LETA.
SEB's Estonian units ended the first quarter of 2015 with a 20.2 million euro profit, which is by 0.9 million euros less than at the same time last year, LETA/Delfi Ärileht reports.
According to preliminary data, unaudited net profit earned over the first quarter of the year 2015 by AB SEB Bankas is EUR 18.4 million and by AB SEB Bankas Group is EUR 18.2 million. The result has been calculated in accordance with the requirements set by the acts of the Bank of Lithuania and legal acts of the Republic of Lithuania, writes LETA/ELTA.
Over the first months of the year 2015, the results of Siauliu Bankas Group and Siauliu Bankas improved. During IQ of 2015 Siauliu Bankas Group earned 5.4 million euros of unaudited net profit, thus, exceeding the result achieved during the respective period last year by 68% (3.2 million euros), reported BC bank’s press service.
The European Bank for Reconstruction and Development (EBRD) welcomes the closing of the agreement to privatise Latvia’s Citadele bank. As of April 20th, Citadele is majority-owned by a group of international investors led by the US investment firm Ripplewood Holdings and Tim Collins, founder and CEO of Ripplewood, reported BC Axel Reiserer from EBRD.