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Saturday, 02.08.2014, 01:28
In the first six months of 2014, Nordea bank in Latvia operated with operating losses of EUR 22.2 million, Nordea bank's spokeswoman Signe Lonerte informed LETA.
Keyword tags: Banks, Financial Services, Latvia, Loan
The leading European financial group member Nordea Estonia's net profit was 19.1 million euros in the first half of 2014, a major improvement from 12.7 million euros earned at the same time last year, Äripäev.ee/LETA reports.
The Estonian financial concern LHV Group earned 3.3 million euros of net profit in the first half of the year 2014, Äripäev.ee/LETA reports.
The Non-Banking Lenders Association is critical and disapproves of an advertising campaign by LatCredit, in which the company urges residents to borrow up to EUR 500 for festival visits, informs LETA.
SEB Group in Latvia concluded the first six months of 2014 with a profit of EUR 14.1 million. Unaudited net profit earned by AB SEB Bankas over the first half of 2014 was LTL 148.4 million (EUR 43.0 million) and SEB’s Eesti unit ended the second quarter of 2014 with a 18.4 million euros profit, informs LETA.
AB DNB Bankas, part of Norway's largest financial services group, earned a pre-tax profit of LTL 32.9 million (EUR 9.5 million) in the first six months of 2014, up from LTL 25.5 million (EUR 7.4 million) in the same period a year ago due to the growing business volume and higher operating efficiency, the bank said in a statement, cites LETA/ELTA.
According to a survey by SEB, majority of people in Estonia, who have taken housing loans after the economic crisis believe that the financial state of their family is more likely to improve than deteriorate during the next two years, writes LETA/Postimees Online.