International Internet Magazine. Baltic States news & analytics
Saturday, 01.11.2014, 03:48
The Estonian Krediidipank banking concern announced that it earned 477,000 euros of profit in the first nine months of the year 2014, by 100,000 euros less than at the same time last year, LETA/Postimees Online reports.
Keyword tags: Banks, Estonia, Financial Services, Loan
During a shareholders’ meeting last week, shareholders of joint-stock power-supply company Latvenergo decided to enter into loan agreements with the winning bidders of the bank loan tender which was announced this past April to attract capital of up to EUR 150 million under the borrowed capital attraction plan, according to an announcement today at the ''Nasdaq'' Riga Stock Exchange, cites LETA.
Estonia's central bank Eesti Pank announced on Wednesday that is planning to introduce three limits on the issuing of housing loans by commercial banks at the start of 2015, as a precautionary measure to reduce the risks of a lending boom in the future, informs LETA.
The Estonian financial sector is in good condition and most of the risks to financial stability in the next half year are small, Estonia's central bank Eesti Pank said in its fresh financial stability assessment on Wednesday, cites LETA.
The total amount of Swedbank loans issued to Latvian enterprises in the first three quarters of 2014 reached EUR 301 million, which the companies used for product development, investment in equipment, and improving efficiency, the bank reports LETA.
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.
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.