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Saturday, 01.11.2014, 12:55
The Estonian Krediidipank banking concern announced that it earned 477,000 euros of profit in the first nine months of the year 2014, by 100,000 euros less than at the same time last year, LETA/Postimees Online reports.
Keyword tags: Banks, Estonia, Financial Services, Loan
The largest Lithuanian capital bank – Siauliu Bankas – is expanding its activities in leasing area and strengthening its steps in a life insurance market, reports LETA/ELTA.
U.S. entity Ripplewood Advisors, the confirmed buyers of the state's stake in Citadele Bank, announced yesterday that it understands that postponement of the signing of the contract is "merely technical in nature", reports LETA.
Since only one person is currently a candidate to become a Privatization Agency (PA) board member, but two board member signatures are need to sign the Citadele sales agreement, today’s planned signing of the sales agreement to the U.S. fund Ripplewood will not go ahead, reports LETA.
The Latvian Privatization Agency board has resigned due to the Citadele Bank deal.
Latvian banks earned EUR 239.7 million in the first nine months of 2014, according to data provided by the Financial and Capital Market Commission, cites LETA.
The Estonian financial sector is in good condition and most of the risks to financial stability in the next half year are small, Estonia's central bank Eesti Pank said in its fresh financial stability assessment on Wednesday, cites LETA.