Banks

International Internet Magazine. Baltic States news & analytics Wednesday, 28.01.2015, 00:57

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Profit of Estonian banks fell by a quarter in 2014

Profit of Estonian banks fell by a quarter in 2014

27.01.2015

Banks operating in Estonia earned a profit of 331 million euros in 2014, 25.2% less than in 2013, it appears from the financial statistics published on Monday by Eesti Pank, LETA/Postimees Online reports.

Keyword tags: Banks, Estonia, Financial Services



Number of counterfeit banknotes grew in Estonia in H2

Number of counterfeit banknotes grew in Estonia in H2

26.01.2015

481 counterfeit euro banknotes were discovered in Estonia last year, of which 249 in the second half of the year, Estonia’s central bank Eesti Pank announced, cites LETA.

Estonian housing loan portfolio grew by 2.8% in 2014

Estonian housing loan portfolio grew by 2.8% in 2014

26.01.2015

Estonian housing loan portfolio grew by 2.8% in 2014, Estonia’s central bank Eesti Pank said in a fresh statement on banking sector statistics for December 2014, reports LETA.


Rimsevics: ECB's purchases of bonds may also boost lending in Latvia

Rimsevics: ECB's purchases of bonds may also boost lending in Latvia

23.01.2015

The European Central Bank will also purchase Latvia's bonds and, hopefully, part of the money pumped into the European economy will also reach Latvia and foster bank lending here, as the Bank of Latvia President Ilmars Rimsevics said in an interview with the Latvian State Television this morning, informs LETA.

Eesti Pank can buy up to 3 bln euros worth of bonds

Eesti Pank can buy up to 3 bln euros worth of bonds

23.01.2015

The share of Estonia's central bank Eesti Pank in the European Central Bank (ECB) bond purchase program is about 0.27%, which means that the Estonian central bank can buy securities for up to 162 million euros per month or a total of up to three billion euros, LETA/Postimees Online reports.

21.01.2015

FinMin visits UK, discusses investment in Lithuania's energy projects

On Tuesday, 20 January, during his visit to the United Kingdom, Lithuanian Minister of Finance Rimantas Sadzius met with Suma Chakrabarti, President of the European Bank for Reconstruction and Development (EBRD). The meeting addressed the importance and benefit of Lithuania's accession to the euro area, as well as the progress and prospects of projects implemented by the EBRD in Lithuania, informs LETA/ELTA.

20.01.2015

Latvijas Krajbanka administrator retrieved EUR 53.1 mln in 2014

Latvijas Krajbanka administrator KPMG Baltics retrieved EUR 53.1 million last year, according to a review published in the government's official newspaper "Latvijas Vestnesis", cites LETA.

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