International Internet Magazine. Baltic States news & analytics
Monday, 30.11.2015, 20:48
Lithuania's financial institutions continue to see geopolitical tensions in the East and the lingering low interest rate environment as the key risk sources for the country's financial system, according to a survey published by the Bank of Lithuania on Monday, reports LETA/BNS.
Keyword tags: Baltic States – CIS, Banks, Economics, Financial Services, Lithuania
In the first nine months of this year, the troubled assets manager Reverta retrieved EUR 22.5 million from restructuring troubled credits and selling real estate, reports LETA, according to Reverta’s unaudited financial report.
In the first nine months of the year 2015, joint-stock ABLV Bank posted EUR 60.4 million in profit, informs LETA, according to the company's financial report submitted to the ''Nasdaq'' Riga Stock Exchange.
MP Gunars Kutris (For Latvia From the Heart) told his investigative committee today that he realizes that many in the community "want blood" in the final report on the goings-on before the sale of Citadele Bank, that they want the report to have a "sharper edge.", informs LETA.
For the fourth year in a row, ABLV Bank owners Olegs Fils and Ernests Bernis top the list of 100 richest persons in Latvia, according to a study done by journalists Lato Lapsa and Kristine Jancevska, corporate finance company Laika stars and Lursoft, cites LETA.
While, generally speaking, money laundering a is not a major problem for Estonian banks, east-west and west-east money flows are a cause for concern, the head of the country's anti money laundering office said at a media event of the Banking Association on November 25th, cites LETA/BNS.
Estonian Prime Minister Taavi Roivas on November 23rd met with Jiang Jianqing, chairman of the world's largest bank, Industrial and Commercial Bank of China (ICBC), and later said that the bank is interested in investing in Estonia, informs LETA/BNS.