International Internet Magazine. Baltic States news & analytics
Sunday, 04.10.2015, 18:18
The banking sector operated with a profit of EUR 290.3 million in the first eight months of 2015, reports LETA, according to the Financial and Capital Market Commission's preliminary data.
Keyword tags: Banks, Financial Services, Latvia, Loan
The European Union's (EU) investment and other international financial support will account for a significant part of Lithuania's 2016 budget. The funds will continue to be distributed to all economic areas seeking to retain vibrant economy, promote creation of jobs and increase social inclusion, reports LETA/ELTA.
The Statistics Department of the Bank of Lithuania reports that in August 2015 the Bank of Lithuania's holdings of debt securities increased by EUR 259.0 million, while loans to euro area residents decreased by EUR 50.2 million, informs LETA/ELTA.
Growth in Estonian corporate and household deposits remains fast, Estonia's central bank Eesti Pank said it comments to the August 2015 banking statistics, reports LETA.
The State Revenue Service (SRS) filed a request this morning for permission from Saeima to nullify immunity and to penalize Latvian Health Minister Guntis Belevics for failing to include in his tax form a EUR 1 million loan to his son, reports LETA.
Bankruptcy administrator of bank Snoras has initiated the sales process of EUR 139.8 million of carrying amount of loans receivable that had been issued to foreign residents. The deadline for potential investors to submit initial proposals was set for 20 October, 2015, reports LETA/ELTA.
In the second quarter of 2015, bank lending was on a path of recovery: more loans were granted both to households and enterprises. The housing loan market has recorded the strongest quarterly growth since late 2008. The deposit amounts with banks increased moderately, reported BC press service of the Bank of Lithuania.