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Thursday, 02.10.2014, 11:24
Latvia's banking sector earned EUR 241.1 million in the first eight months of 2014, reports LETA/Nozare.lv, referring to information provided by the Financial and Capital Market Commission.
Keyword tags: Banks, Financial Services, Latvia
The information leak about the sale of the Citadele bank reduced the bank's price by EUR 7 million, Economy Minister Vjaceslavs Dombrovskis (Reform Party/Unity) told the press representatives after a government meeting on Tuesday, cites LETA/Nozare.lv.
Ripplewood Holdings would like resell the Citadele bank in up to one year, whereas the government wants to set the term at five years, Prime Minister Laimdota Straujuma (Unity) told the LNT channel this morning, informs LETA.
Today, Harmony submitted to Saeima a petition claiming that the sale of the Citadele bank be halted; the petition has been signed by more than 10,300 citizens, informs LETA.
The total price of Citadele bank shares is EUR 98.67 million, Prime Minister Laimdota Straujuma (Unity) said in an interview with the Latvian Television show "Rita panorama" this morning, reports LETA.
Citadele Bank could shun the non-resident deposit business in favor of small-business loans, Jean-Marc Peterschmitt, managing director for Eastern Europe at the European Bank for Reconstruction and Development, which owns a 25% stake in Citadele, told the Bloomberg news agency, cites LETA.
Yesterday, about 300 people gathered for a rally organized by the Harmony political party at the Dome Square to protest against the sale of Citadele bank, LETA observed.