Banks

International Internet Magazine. Baltic States news & analytics Wednesday, 26.04.2017, 01:26

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Latvian families plan their budgets in short term

Latvian families plan their budgets in short term

25.04.2017

In Latvia, families tend to plan their budgets in short term, Evija Kropa, an expert at the Swedbank Institute for Finances, told LETA, citing a survey conducted by the institute.

Keyword tags: Analytics, Baltic, Banks, Financial Services



Spring Auction at Rietumu Bank Will Be held Shortly

Spring Auction at Rietumu Bank Will Be held Shortly

25.04.2017

The biggest auction of art objects and antiquities in Latvia , which is held every spring by the Artembassy auction house in cooperation with Rietumu Bank, will be held on 29 th of April.

Lithuania's Eurocash1 set to buy Citedele's cash logistics firm in Latvia

Lithuania's Eurocash1 set to buy Citedele's cash logistics firm in Latvia

25.04.2017

Eurocash1, a cash collection and security services group that is indirectly controlled by Vilniaus Prekyba's owners, is expanding its operations in Latvia through the acquisition of CBL Cash Logistics, a subsidiary of Citadele Bank, in a deal whose financial details are not being disclosed, writes LETA/BNS.


Swedbank Lithuania lifts Q1 net profit 33%

Swedbank Lithuania lifts Q1 net profit 33%

25.04.2017

Swedbank, one of Lithuania's largest banks, said on Tuesday that its first-quarter net profit jumped by 33% to 29 mln euros, from 22 mln euros a year earlier, writes LETA/BNS.

Global and Lithuania’s economic development accelerating, but growth impact not to be felt by everyone due to income inequality

Global and Lithuania’s economic development accelerating, but growth impact not to be felt by everyone due to income inequality

21.04.2017

Growing inequality in income and opportunities is an issue that is especially relevant to us as well. While we are reasonably excited at the economy’s recovery and growth, the gap between the richest households and those with the lowest income continues to be unjustifiably large; hence, people’s feelings about economic growth vary, and not everyone’s quality of life has been improving.


21.04.2017

ABLV Bank invests in SG Capital Partners Fund 1 limited partnership

ABLV Bank has invested in SG Capital Partners Fund 1 limited partnership, according to the bank’s statement to the Nasdaq Riga stock exchange.

20.04.2017

Bank of Estonia:Financial stability in Estonia could be threatened by rising prices and increasing transaction activity in the real estate market

Most of the risks to financial stability in Estonia are low in the near future. The ability of companies to service their loans is supported by a recovery in economic growth and slower growth in wages Transaction activity increased in the real estate market and prices started to rise faster, though this has so far been in line with rising incomes. Rapid growth continues in bank loans to companies and households. The debt of the non-financial sector fell as a ratio to GDP as borrowing from abroad was modest, and Eesti Pank is holding the countercyclical buffer rate at 0%. A tax on the financial sector may have a negative side effect on financial stability and the financing of the economy

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