International Internet Magazine. Baltic States news & analytics
Wednesday, 19.02.2020, 01:42
The latest financial stability review from Eesti Pank indicates that risks to the financial sector are small. The probability has increased though of the cooling economy making it harder for businesses to make their loan payments.
Keyword tags: Analytics, Economics, Estonia, Financial Services, Loan, Markets and Companies
In a survey conducted for Luminor, 53% of Baltic residents mentioned lower annual interest rates as the crucial factor for them in choosing the creditor, informed LETA/BNS.
Latvian air company AirBaltic Corporation has repaid a debt of 19.497 million euros to the bankrupt bank Snoras which is undergoing liquidation, meetings its obligation ten years early, informed LETA/BNS.
Banking statistics published today indicate that the portfolio of loans issued to companies and households continued to grow rapidly in July, as did deposits, though other economic indicators point more towards slower growth in the economy. There has been slightly slower growth in new loans issued this year, but July was something of an exception to this.
Olainfarm pharmaceutical company has refinanced its existing liabilities and received a new loan from BlueOrange Bank, the company said in a statement to Nasdaq Riga.
NIB and the Lithuanian retail company Maxima LT, UAB have signed a EUR 52 mln loan agreement to finance the company’s investments in its retail network renewal, informed NIB in the press-release.
The number of borrowers struggling to pay off their loans and extending their loan repayment schedules three or more times increased last year, Baiba Vitolina, head of the Consumer Rights Protection Center (PTAC), said LETA.