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Thursday, 27.07.2017, 01:45
Sanitex raises EUR 23 mln from Danske
25.07.2017Sanitex, a wholesale and logistics services provider in the Baltic states, has concluded an agreement with Danske Bank on a credit facility and guarantee facility worth EUR 23 million, which the company will use to finance its working capital, LETA was told at the bank.
Keyword tags: Banks, EU – Baltic States, Financial Services, Logistics, Markets and Companies, Transport
SEB grants EUR 5.7 mln loan to Olainfarm
24.07.2017SEB Banka has issued a EUR 5.7 million long-term loan to Latvian pharmaceutical company Olainfarm for expanding its chain of pharmacy stores Latvijas Aptieka, the bank’s representative Martins Panke reported LETA.
Rietumu Bank signed an administrative agreement with Financial Commission
21.07.2017Rietumu Bank and the Financial and Capital Market Commission have signed an agreement on termination of the administrative case that was initiated based on results of complete inspection and also on the information submitted to the Financial and Capital Market Commission by its international partners, informed BC Eleonora Gailisha from bank’s press service.
Latvia has one of lowest number of euro counterfeit cases in EU
21.07.2017Latvia still has one of the lowest number of euro counterfeiting cases in the EU, said Andris Taurins, a money security and technology expert at the Bank of Latvia, cites LETA.
Latvian Saeima repeatedly adopts controversial amendments to Credit Institutions Law
21.07.2017Saeima on July 21st repeatedly adopted the controversial amendments to the Credit Institutions Law that had been sent back to the parliament for revision by President Raimonds Vejonis. The amendments were adopted without any changes, writes LETA.
Profits of Danske in Latvia and Lithuania drop, but grow in Estonia in H1
Danske Bank, the second-biggest financial group in Northern Europe by assets, saw its first-half net profit from core activities of corporate and private banking in Lithuania drop by 39% to 4 million euros, down from 6.6 million euros in the same period last year. Net profit of the Latvian branch of Danske Bank in the first half of this year was EUR 1.9 million, down 17% from the respective period last year. The profit of Danske Bank in Estonia in the first six months of 2017 was 6.1 million euros, 5% bigger than in the same period last year, informs LETA/BNS.
Nordea Bank registers profits in Baltics in H1
Nordea, the largest Nordic and Baltic financial group, said on Thursday that its first-half operating profit in Lithuania rose by 11% year-on-year to 12.3 million euros. Nordea Bank in Latvia closed the first half of this year with EUR 14.7 million in operational profit and the income of the operation of the Nordea financial group in Estonia in the first half of 2017 totaled 45.2 million euros, reports LETA/BNS.
EU Budget-2018: a guide for the Baltic States' development
