International Internet Magazine. Baltic States news & analytics
Tuesday, 02.09.2014, 09:48
Bigbank’s loans portfolio grew by 0.6% in the second quarter of 2014, by 1.8 million euros, writes Äripäev.ee/LETA.
Keyword tags: Banks, Estonia, Financial Services, Loan
In July 2014, the volume of loans and leasing contracts issued to enterprises and households continued growing at a moderate pace, writes Äripäev.ee/LETA.
The Finnish Pohjola Bank subsidiary in Latvia has signed an agreement with Riga International Airport for a EUR 13 million loan to expand the airport's passenger terminal, informs LETA.
The cooperative society of agricultural services Latraps has come up with new development plans. In order for them to see fruition, DNB banka has issued a EUR 10 million loan to Latraps, DNB banka spokeswoman Teika Lapsa informed the business portal Nozare.lv, cites LETA.
In order to provide support for food producers and farms that have been hit by Russia's export embargo, the government of Latvia will create a new finance tool by making changes to the partial interest rates repayment program, according to the "Regulations on the allocation of state and European Union funds to facilitate agricultural investing" introduced by the government, reports LETA/Nozare.lv.
The Estonian Krediidipank banking concern announced that it earned 459,000 euros of profit in the first half of the year 2014, LETA/Delfi Ärileht reports.
During a meeting with members of the Latvian Chamber of Commerce and Industry yesterday, Agriculture Minister Janis Duklavs (Greens/Farmers) said in the complicated situation which has arisen due to Russia's embargo of Latvian dairy product, the state must find possibilities to support the dairy sector as a whole by intervening in one way or another, reports LETA/Nozare.lv.