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Thursday, 05.05.2016, 03:57
Swedbank and the Latvian state-owned railway company Latvijas Dzelzcels (Latvian Railroad, LDz) have signed an agreement about two long-term loans for 10 years and 15 years respectively for a total amount of EUR 32.26 million to be spent on modernization of locomotives, informs LETA.
Keyword tags: Financial Services, Good for Business, Latvia, Loan, Railways, Transport
JSC Citadele Banka Group's profit was EUR 7.7 million during 1Q 2016; the results are similar to 1Q 2015. During the reporting period, Citadele introduced various innovations: it launched loans especially designed to make financing more accessible for small and medium enterprises.
Estonian banks issued in the first quarter 524 housing loans in the amount of 32.5 million euros against surety provided by Kredex, informs LETA/BNS.
Operating income of Danske Bank Estonia increased in the first quarter of 2016 by 15% year on year to 5.6 million euros and net profit grew 47% to 3.2 million euros. Lithuanian branch of Danske Bank said that its first-quarter net profit from core activities of corporate and private banking fell to 3.3 million euros and in Latvia Danske Bank closed the first quarter with EUR 0.92 million in profit, informs LETA/BNS.
In the first quarter of the year 2016, the Latvian banking sector earned EUR 106.1 million in profit, the Latvian financial regulator, the Financial and Capital Market Commission, said LETA.
During the first quarter of 2016, SEB banking group generated EUR 6.331 million in Latvian profit, down 27% from the same period a year ago, while the profit of SEB Banka contracted 14.7% year-on-year to EUR 8.011 million, according to the financial report released by the bank. SEB Bankas posted 11.3 million euros in net profits in the 1st quarter of 2016, down by 37.9% from 18.2 million euros year-on-year. Estonian units of SEB ended the first quarter of 2016 with a net profit of 12.8 million euros, which is 33.3% less, informs LETA.
The Latvian leasing and factoring portfolio grew by 9.8% in 2015 to EUR 1.356 billion at the end of the year, the Latvian Association of Leasing Providers said, cites LETA.