International Internet Magazine. Baltic States news & analytics
Saturday, 25.10.2014, 14:51
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.
Keyword tags: Banks, EU – Baltic States, Financial Services, Loan
In September 2014, the portfolio of overdue debts of Lithuanian residents increased by LTL 50 million (EUR 14.5 million) and at the end of the period amounted to LTL 3.62 billion (EUR 1.049 billion), informs LETA/ELTA.
The profit of joint-stock Swedbank in Latvia for the nine month period 2014 amounted to EUR 88 million compared to a profit of EUR 81 million for the nine month period of 2013. Swedbank Lithuania's profit for the first nine months 2014 was 3% up year-on-year and amounted to LTL 291 million (EUR 84.347 million) and Swedbank’s Estonian subsidiary earned a total of 119.4 million euros in nine-month profits this year, informs LETA.
During the first three quarters of 2014, LHV Group earned a total of 5.7 million euros in net profits, writes LETA/Äripäev.ee.
The corporate debt was 3.3% larger at the end of the second quarter of the year 2014 than it was a year earlier, Estonia's central bank Eesti Pank said in a fresh review, cites LETA.
Lithuania's long-term debt security interest rates in the secondary market reached record lows, and the euro adoption is one of the main reasons which drives the growing trust of the international financial market's participants in Lithuania, euro.lt reports.
The non-banking lending sector recorded a significant decrease in the first half of the year 2014 as compared with the first six months of 2013 – the amount of loans fell 31% and the number of loans 20%, according to data provided by the Latvian Association of Non-banking Lenders, cites LETA.