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Wednesday, 01.10.2014, 00:55
Weaker lending in Latvia is threatening to slow down economic growth even more, Bank of Latvia President Ilmars Rimsevics told members of the press on September 26th, informs LETA/Nozare.lv.
Keyword tags: Analytics, Economics, Financial Services, Latvia, Loan
On 26 September, Lithuanian Invaldos Nekilnojamojo Turto Fondas, a subsidiary of INVL Baltic Real Estate, signed a loan agreement with Siauliu Bankas regading EUR 15.35 million loan (LTL 53 million), reports LETA/ELTA.
Swedbank, the largest mortgagee in Latvia, has put on hold the signing of an agreement on the bank's involvement in the state guarantee program for young families that want to buy an apartment/home, LETA/Nozare.lv were informed by the bank.
The Association of Commercial Banks of Latvia will request President Andris Berzins postpone promulgation of the latest amendments to the Insolvency Law and return them to the parliament, informs LETA/Nozare.lv.
Today, Latvian Saeima approved amendments to the Insolvency Law, according to which bank mortgages issued to borrowers who buy a home/apartment, and have no other domicile, will be considered non-recourse loans, informs LETA.
Natural gas supply and trade company Litgas signed an agreement with bank Swedbank on Wednesday over a LTL 287.73 million (EUR 83.3 million) credit line, reports LETA/ELTA.
New lending in the second quarter and the first half of 2014 was less active than in the respective period of 2013, the Financial and Capital Market Commission (FCMC) indicates in its latest report, cites LETA.