International Internet Magazine. Baltic States news & analytics
Sunday, 26.06.2016, 20:09
KPMG Baltics, the administrator of the to-be-liquidated Latvijas Krajbanka, recovered EUR 683,500 in May 2016, which is twice as much a month before, informs LETA, according to a report published in the official gazette Latvijas Vestnesis.
Keyword tags: Banks, Financial Services, Latvia, Legislation
Lithuania recorded a current account surplus of 37.1 million euros for the first quarter of the year 2016, which accounted for 0.4% of GDP for the period, the Bank of Lithuania said on Monday, informs LETA/BNS.
The liquidator of Latvia's Trasta Komercbanka recovered EUR 19.205 million in May, according to the bank's financial report published in Latvia's government gazette Latvijas Vestnesis, informs LETA.
International rating agency Moody’s Investors Service has upgraded the long-term deposit rating of Siauliu Bankas, a Lithuanian commercial bank owned by the European Bank for Reconstruction and Development (EBRD) and a group of local investors, to Ba1, from Ba2, informs LETA/BNS.
New non-bank loans made in Latvia in the first four months of 2016 reached EUR 55 million, reports LETA, according to information released by the Latvian Association of Alternative Financial Services.
Servicing non-resident money in banks is a high-risk business, but Latvia’s possibilities of containing these risks are low, Peters Putnins, the head of the Financial and Capital Market Commission (FCMC) said in an interview with LNT commercial TV channel on June 15th, cites LETA.
SEB Bankas in the end of the first quarter of 2016 was the number-one bank in Lithuania by assets and loans and Swedbank led the market in terms of deposits, consolidated figures from the central Bank of Lithuania showed on June 14th, cites LETA/BNS.