International Internet Magazine. Baltic States news & analytics
Tuesday, 24.01.2017, 19:18
Corporate debt liabilities shrank in the third quarter of 2016 despite the rapid growth in bank loans. Growth in household loans accelerated, but remained slower than growth in incomes and savings. As before, more financial assets were invested abroad or returned there than were taken in from abroad
Keyword tags: Analytics, Banks, Estonia, Financial Services, Investments, Loan
A Treasury loan might be one way to increase Latvijas Dzelzcels (Latvian Railways) rail company’s share capital so that it can finance the railway electrification project, Transport Minister Uldis Augulis told LETA today.
Lithuanian businessman Kestutis Juscius has confirmed to BNS that his Baltic Champs Group had secured a loan from the Austrian branch of the Russian state bank Sberbank for payment for the shares of one of the country's largest agricultural investment companies Auga Group, reports LETA/BNS.
Taking a loan for maintenance and renovation of public roads is not a solution, Nils Sakss, Director of the Fiscal Policy Department at the Latvian Finance Ministry, said on the public Latvian Radio today citing LETA.
The loan and lease portfolio of Estonian companies grew fast and was 9.1% larger in November than a year earlier. Growth in corporate and household deposits was also fast in November at 8.6% over the year.The average interest rate on housing loans has fallen slightly in recent months.
Latvian banks granted EUR 143.5 mln worth of new consumer loans in the first three quarters of 2016, which is a 28% increase against the respective period last year, the data of the Association of Latvian Commercial Banks show.