International Internet Magazine. Baltic States news & analytics
Saturday, 28.02.2015, 14:24
ABLV Bank increased its profit in 2014, reaching EUR 58.7 million. Meanwhile, the Group's profit in 2014 was EUR 63.8 million, reports LETA, according to the bank's statement.
Keyword tags: Banks, Financial Services, Latvia, Loan
The Lithuanian Central Credit Union (LCKU) earned EUR 257,000 in 2014, by 12% more compared to 2013, when it earned EUR 229,000. The LCKU provides financial services to 63 credit unions, reports LETA/ELTA.
Latvian Saeima approved amendments to several laws in the final reading today, which stipulate making non-recourse loans an option for mortgage borrowers, informs LETA.
The state support program in Latvia meant to help young families with children buy their first home or apartment is, in essence, an "irresponsible attempt by politicians to offer financial assistance to people who actually cannot afford an apartment." This is the opinion of real estate company Arco Real Estate CEO Aigars Smits, who spoke at a press conference on February 18th, cites LETA.
The Estonian Riigikogu passed with 74 votes in favour law amendments, according to which, instant loan agreements with unreasonably high fees are automatically null and void and which does not allow the settlement of disputes concerning instant loans in arbitration court, LETA/Postimees Online reports.
Swedbank Lithuania's data shows that residents of Lithuania in 2014 borrowed EUR 2,317 (LTL 8,000) on the average for their consumer needs, reports LETA/ELTA.
Estonian Prime Minister Taavi Rõivas said that the Greek government has to abandon its rigid line, continuing it will not do any good for the state, LETA/Delfi reports.