International Internet Magazine. Baltic States news & analytics
Thursday, 23.10.2014, 08:07
Nordic banking group Nordea on Wednesday reported a 21% increase in third-quarter profit year-on-year, citing higher revenue from fees and commissions, reports LETA/DPA.
Keyword tags: Banks, EU – Baltic States, Financial Services
Nordea Eesti announced on Wednesday that in the first nine months of the year 2014, it earned a net profit of 30.3 million euros, Äripäev.ee/LETA reports.
There is no point in waiting for a better price for Citadele bank, Finance Minister Andris Vilks (Unity) said in an interview with LTV television this morning, reports LETA.
The profit of joint-stock Swedbank in Latvia for the nine month period 2014 amounted to EUR 88 million compared to a profit of EUR 81 million for the nine month period of 2013. Swedbank Lithuania's profit for the first nine months 2014 was 3% up year-on-year and amounted to LTL 291 million (EUR 84.347 million) and Swedbank’s Estonian subsidiary earned a total of 119.4 million euros in nine-month profits this year, informs LETA.
During the first three quarters of 2014, LHV Group earned a total of 5.7 million euros in net profits, writes LETA/Äripäev.ee.
The key performance indicators of the biggest Lithuanian capital bank – Siauliu Bankas – as well as of the Bank's Group are indicating the dynamics of a coherent business development. Over the nine months of the year Siauliu Bankas Group generated the unaudited net profit of LTL 35.2 million (EUR 10.2 million) which is by 2.4 times more than over the respective period in 2013 when it earned LTL 14.3 million (EUR 4.1 million), writes LETA/ELTA.
Russian investigators have come across capital outflow in the amount of more than one billion rubles (EUR 19 million), caused by money transfers to non-resident accounts in Latvian and Estonian banks, Russian Ministry of Interior reports.