International Internet Magazine. Baltic States news & analytics
Tuesday, 16.09.2014, 07:51
New lending in the second quarter and the first half of 2014 was less active than in the respective period of 2013, the Financial and Capital Market Commission (FCMC) indicates in its latest report, cites LETA.
Keyword tags: Banks, Financial Services, Latvia, Loan
The Estonian bank Bigbank increased its credit portfolio by 0.6% (EUR 1.8 million) in the second quarter of 2014, as compared to the first quarter, informs LETA.
In July 2014, the build-up of the Lithuanian current account balance (CAB) in surplus (LTL 86.3 million/EUR 25 million) was driven by the services and secondary income balances surpluses, which offset the foreign trade and primary income balances deficits, reports LETA/ELTA, referring to the Statistics Department of the Bank of Lithuania.
In the second quarter of the year 2014, Lithuanian banks gradually increased their loan and deposit portfolios, restructured their operations and increased their operating performance indicators, writes LETA/ELTA.
Pre-trial investigation was terminated on possible abuse of position by Bank Snoras bankruptcy administrator Neil Cooper and embezzlement of more than LTL 1.2 million (EUR 0.35 million). The bankruptcy administrator even managed to come out of the situation in positive light, informs LETA/ELTA, referring to Vakaro zinios.
Through the agency of Colliers International (Colliers), an international commercial real estate service company acting as an intermediary, an office building located at 15 J.Dalina street (former main office building of Latvijas Krajbanka) in Riga, was sold for EUR 10 516 200 during the third round of sale. The “A” class office building was acquired by a SPV SIA JD 15 founded by SIA LNK (Latvian Novelty Complex) and now will be known as “LNK Centre”, informed BC marketing coordinator at Colliers International Latvija Kristīne Spundiņa.
The amount of consumer credits granted in the second quarter of the year 2014 increased by almost 14%, while the total consumer credit portfolio amounted to LTL 1.1 billion (EUR 319 million) at the end of June, informs LETA/ELTA, referring to the Bank of Lithuania.