International Internet Magazine. Baltic States news & analytics
Saturday, 08.03.2014, 18:53
Swedbank, SEB banka and Nordea Bank branch in Latvia had the largest loan portfolios in Latvia in 2013, according to data from the Association of Commercial Banks of Latvia, informs LETA.
Keyword tags: Banks, Financial Services, Latvia, Loan
According to the research carried out by the group of the experts established by the Bank of Lithuania as well as according to the International Monetary Fund (IMF) recommendations, the most efficient way to strengthen the credit union sector is the cooperation, informs LETA/ELTA.
The Finance Ministry of Latvia is prepared to continue cooperation with the Jurmala City Council and lend the necessary funds for the purchase of the Kemeri Sanatorium complex, the government announced yesterday, cites LETA/Nozare.lv.
In 2013, the Estonian consumer loans bank BIGBANK earned a profit of 10.8 million euros, which is by 53.6% more than in 2012, Äripäev.ee/LETA reports.
The Estonian Krediidipank group earned 1.1 million euros of profit in 2013 and increased its credit portfolio by nearly 20% to more than 143 mln euros, LETA/Postimees Online reports.
The annual growth of the loan and lease portfolio in the Estonian non-financial sector slowed in January to 0.7%, Estonia's central bank Eesti Pank announced, cites LETA.
Credit union Amber earned a LTL 267,000 (EUR 77,000) profit in 2013. By late 2013, assets of credit union Amber amounted to LTL 31.4 million (EUR 9.1 million) – by 39.7% more than in 2012, informs LETA/ELTA.