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Saturday, 29.11.2014, 00:41
ABLV Bank profit in the first nine months of the year 2014 reached EUR 50 million, according to the company's announcement submitted to the "Nasdaq Riga" stock exchange, informs LETA.
Keyword tags: Banks, Financial Services, Investments, Latvia
Vilnius Regional Administrative Court has ruled that the inspector of journalist ethics baselessly cautioned the daily Respublika for criticising bank Snoras bankruptcy administrator Neil Cooper, reports LETA/ELTA.
Snoras bankruptcy administrator Gintaras Adomonis has finished the formal procedures of the sale of Snoras loan portfolio as well as indicated the best offer and thus the potential investor. The international tender for the loan portfolio of LTL 1.6 billion (EUR 464 million) has been carried out in line with necessary procedures to ensure its transparency, reports LETA/ELTA.
Over the three quarters of the year 2014, the insurance market in Lithuania, in terms of premiums written, increased by 6.3% and amounted to almost LTL 1.5 billion. Such growth was driven by rapid expansion of the life assurance sector, reported BC press service of the Bank of Lithuania.
Loans and leases of Estonian households grew by 2.1% over the year in October 2014, Estonian central bank Eesti Pank said in fresh comments, cites LETA.
On Friday, the European Commission (EC) adopted its fifteenth report on the practical preparations for the euro changeover, assessing the progress made up until the end of September 2014, and concluded that Lithuania's preparations are well on track overall, reports LETA/ELTA.
For the third year in a row, owners of ABLV Bank, Olegs Fils and Ernests Bernis are at the top of Latvia's 100 wealthiest people – a list compiled by journalists Lato Lapsa and Kristine Jancevska, corporate finance company Laika stars, and Lursoft, cites LETA.