International Internet Magazine. Baltic States news & analytics
Tuesday, 31.05.2016, 14:58
Creamfinance Latvia non-bank lender, representing Crediton.lv and Ladyloan.lv brands in 2015 generated EUR 2.66 million in sales, informs LETA.
Keyword tags: Financial Services, Latvia, Loan
Latvia’s second largest bank by assets, ABLV Banka, generated EUR 21.5 million profit in the first quarter of 2016, the bank said in a report to the Nasdaq Riga stock exchange, cites LETA.
About one-third of the consumer financing granted in 2015 was issued to people in the age group of 25-34 while youngsters under 24 years of age were most reluctant to take consumer loans from commercial banks, according to the SEB Baltic Household Outlook, cites LETA.
The so-called "quick" loans continue to be popular with Latvian residents, and in 2015 the quick loan market increased 20%, the Consumer Rights Protection Center's Director Baiba Vitolina said in an interview with Latvian Radio today, cites LETA.
The Norwegian financial services group DNB is forecasting in its fresh economic outlook that Estonia's economy is to grow 2% in 2016 and 2.7% in 2017, informs LETA/BNS.
Latvia's DNB Banka in early May 2016 granted financing worth EUR 77 million to Latraps agricultural cooperative, informs LETA.
New mortgage loans that Latvian banks issued to households in the first quarter of the year 2016 total EUR 91.5 million which is a 77% rise from the same period last year, the Latvian Association of Commercial Banks said, quoting figures supplied by the financial watchdog, the Finance and Capital Market Commission.