International Internet Magazine. Baltic States news & analytics
Saturday, 25.10.2014, 09:16
Today in Paris the Arbitration Tribunal has ordered that the Government of the Kyrgyz Republic has to pay Mr Valeri Belokon USD16.5 million. The award has come into force, it is final and binding and may not be challenged, reported BC Belokon Holdings.
Keyword tags: Baltic States – CIS, Banks, EU – Baltic States, Financial Services, Latvia, Legislation
The European Central Bank (ECB) has set minimum reserves for banks in Lithuania, the Bank said on Friday, cites LETA/ELTA.
On Thursday 23 October 2014 the ECB’s Euro Exhibition was opened at the National Museum Palace of the Grand Dukes of Lithuania in Vilnius. The exhibition is part of the euro information campaign which is dedicated to the adoption of the euro in Lithuania on 1 January 2015, reported BC bank’s press service.
The Bank of Estonia stated that banks operating in Estonia earned a total of 80 million euros in net profits in the third quarter of 2014, writes Äripäev.ee/LETA.
In the first nine months of the year, DNB Group in Latvia posted EUR 14.8 million in profit, which is 3.7 times more when compared to the same period last year, cites LETA/Nozare.lv.
SEB Group in Latvia concluded the first three quarters with a net profit in the amount of EUR 23.7 million, SEB banka reports. Over the three quarters of the year 2014 by AB SEB bankas is LTL 216.5 million (EUR 62.7 million) and by AB SEB bankas Group is LTL 219.5 million (EUR 63.6 million) and SEB's Eesti units ended the third quarter of 2014 with a 15.6 million euros profit, writes LETA.
AB DNB Bankas, part of Norway's largest financial services group, earned a pre-tax profit of LTL 42.3 million (EUR 12.26 million) in the first nine months of 2014, up from LTL 36.4 million (EUR10.55 million) in the same period a year ago due to the further growth of business volumes and higher operating efficiency, the bank said in a report today, cites LETA/ELTA.