International Internet Magazine. Baltic States news & analytics
Saturday, 27.05.2017, 12:50
ESCB central banks welcome the publication of Foreign Exchange Global Code of Conduct
26.05.2017he European System of Central Banks (ESCB) welcomes the publication of the Foreign Exchange Global Code of Conduct (Code) and related adherence mechanisms material, the Bank of Lithuania informed.
Keyword tags: Banks, EU – Baltic States, Financial Services, Internet, Lithuania
Growing popularity of peer-to-peer lending platforms in Lithuanian consumer credit market
26.05.2017In the first quarter of 2017, new consumer credits granted to residents continued to decline in number; however, peer-to-peer lending platforms, which also grant this credit, increased their lending volumes fast.
Fairy Tale Coin II. Hedgehog's Coat voted in as Latvia's Coin of the Year 2016
25.05.2017The winner of Latvia's Coin of the Year 2016 Award has been selected by the traditional annual public survey vote, and this year the award goes to Fairy Tale Coin II. Hedgehog's Coat, Bank of Latvia spokesman Janis Silakalns reported.
Latvia's ABLV Bank increases share capital to EUR 42.08 mln
25.05.2017Latvia's ABLV Bank has increased its share capital by EUR 3.78 million to EUR 42.08 million, the bank said in a statement to the Nasdaq Riga stock exchange.
Latvia's Rietumu Banka posts profit of EUR 15.431 mln for Q1
25.05.2017Latvia's Rietumu Banka earned a profit of EUR 15.431 mln in the first quarter of this year, which is a growth by 8.6% from the same period in 2016, the bank announced.
Three Scandinavian banks loan EUR 60 mln to Telia Lithuania
Telia Lietuva, Lithuania's TV, Internet and mobile services provider that is majority owned by Sweden's telecoms group Telia Company, has received a 60-million-euro loan from three Scandinavian banks and will use the money to refinance a loan extended by Telia Company to Omnitel several years ago, reports LETA/BNS.
Housing loan portfolio in Estonia up 6% y-o-y in April
Corporate and household loan and lease portfolio grew strongly in April, up almost 7% y-o-y. Issuance of new long-term loans to companies remained unchanged from April 2016. New housing loans have seen an increase relative to a year ago.Deposits with banks continued to grow faster than the loan and lease portfolio.
Latvian development: in search for a new “political economy” 
