International Internet Magazine. Baltic States news & analytics
Friday, 27.03.2015, 13:53
In order for banks to resume lending to the national economy, projects for which financing is requested need to be of better quality, believes Juris Bikis, Director of Latvijas Finieris and Prime Minister Laimdota Straujuma's (Unity) advisor on economic matters, cites LETA.
Keyword tags: Direct Speech, Financial Services, Latvia, Loan, Markets and Companies
Loans and leases were issued to Estonian companies and households moderately in February 2015, which is common at the start of the year; the financing portfolio grew by relatively little over the month, and stood at 15.3 billion euros at the end of February, Estonia's central bank Eesti Pank said in its fresh statement on banking sector statistics for February 2015, cites LETA.
On March 20th, SEB banka granted its first two state-guaranteed mortgage loans for Latvian families with children, the bank informed LETA.
Swedbank hopes to issue several hundred loans this year as part of the state support program for families with children that want to buy a home, as Swedbank CEO Maris Mancinskis said after signing an agreement with the Latvian Development Finance Institution Altum today, cites LETA.
The amount of loans issued by banks in Latvia increased to EUR 14.666 billion by the end of the year 2014, informs LETA, according to data of the Association of Commercial Banks of Latvia.
In 2014, the Estonian consumer loans bank Bigbank earned a profit of 12.7 million euros, which is by 17.3% more than in 2013, LETA/Äripäev.ee reports.
Although in late 2014 prices of apartments in Lithuania were rapidly growing, housing remained rather affordable due to a record-low home loans interest rate, Swedbank's housing affordability index (HAI) reveals, cites LETA/ELTA.