International Internet Magazine. Baltic States news & analytics
Saturday, 21.01.2017, 00:00
Corporate debt liabilities shrank in the third quarter of 2016 despite the rapid growth in bank loans. Growth in household loans accelerated, but remained slower than growth in incomes and savings. As before, more financial assets were invested abroad or returned there than were taken in from abroad
Keyword tags: Analytics, Banks, Estonia, Financial Services, Investments, Loan
The Lithuanian Competition Council (LCC) has launched a probe into whether or not Swedbank, one of the country's biggest banks, has abused a dominant position, reports LETA/BNS.
Latvia’s Citadele Bank, which until now focused its Estonian business on serving corporate clients, is now planning to expand retail banking services in Estonia, informs LETA/BNS.
According to the data of the Central Statistical Bureau (CSB), the Latvian external trade turnover dropped slightly (0.6%) month-on-month. Within a month, the goods export and import values dropped by 0.1% and 1.1% respectively. Year-on-year, the goods export and import values posted positive growth by 3.4% and 3.2% respectively, which is a good performance, given the still low level of external demand.
Ilmars Krums, the liquidator of Latvia's Trasta Komercbanka, has recovered EUR 111.94 mln starting from March 14, 2016, by late December 2016, reports LETA/BNS.
Estonia ran a current account surplus of 76 mln euros in November 2016, a flash estimate published by the Bank of Estonia on Friday indicates.
This time, the economic analysts were unanimous in their assessment that inflation would rise, but the actual data still exceeded the forecast; and it was the result of supply side factors. In December, consumer prices rose 0.6% month-on-month and 2.2% year-on-year. This ended the four-year period of very low (close to zero) inflation.