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Wednesday, 27.07.2016, 10:42
he Financial and Capital Market Commission (FCMC) has imposed a fine of EUR 305,000 on Latvijas Pasta Banka for the bank's failure to comply with requirements aimed at preventing money laundering and terrorist financing, informs LETA.
Keyword tags: Banks, Financial Services, Security
The Supreme Court's Department of Civil Cases today ruled that former Parex Banka owners and board members Valerijs Kargins and Viktors Krasovickis would have to pay more than EUR 2 million to the joint-stock company Reverta, reports LETA.
The Estonian economy as a whole was a net borrower in the first quarter of 2016 after a two-year interval, Jana Kask, Deputy Head of the Financial Stability Department of Eesti Pank said on Thursday.
Currently, the attention of all those who work and conduct business in a united Europe is being paid to the behaviour of British authorities after Brexit. If the country withdraws from the EU, many thousands of companies incorporated in Britain are very likely to leave their legal motherland. And a certain share of this business can be bid for by Latvia.
The operating profit of Nordea Bank in Latvia in the first half of 2016 was EUR 18 mln, down 8 % from the same period last year, the bank said in a press release, informs LETA.
- Nearly half of Latvians, or 49%, expect property prices to rise in the near future, which is by 7% more than a quarter ago, according to SEB Banka's latest Housing Price Indicator.
On Tuesday, 19 July 2016, Latvijas Banka is issuing a 2 euro commemorative coin featuring a cow. The coin is legal tender in the Republic of Latvia and all the euro area countries. Like any other piece of circulation money, this coin will be released to special points of coin sale and other enterprises as well as will become available to the population via commercial banks, BC informs Latvijas Banka.