International Internet Magazine. Baltic States news & analytics
Sunday, 31.07.2016, 08:24
The ruling coalition parties in Latvia on June 27th agreed to grant additional EUR 4 million to the government program intended to help families with children buy their first home and also decided to introduce a ceiling on the value of the property to be purchased under the program, Latvian Prime Minister Maris Kucinskis (Greens/Farmers) told he press after the meeting of the ruling parties, informs LETA.
Keyword tags: Financial Services, Latvia, Legislation, Loan, Real Estate
New non-bank loans made in Latvia in the first four months of 2016 reached EUR 55 million, reports LETA, according to information released by the Latvian Association of Alternative Financial Services.
The share of receivables never paid has dropped to a record low of 1.4% in Estonia in 2015, it appears from a survey of payment behavior taken by the credit management services company Intrum Justitia, cites LETA/BNS.
SEB Bankas in the end of the first quarter of 2016 was the number-one bank in Lithuania by assets and loans and Swedbank led the market in terms of deposits, consolidated figures from the central Bank of Lithuania showed on June 14th, cites LETA/BNS.
Danske Bank, the second-biggest financial group in Northern Europe by assets, has granted a 6.1 million euro loan to Elmoris, the only manufacturer of screw caps in the Baltic States, informs LETA/BNS.
In the first quarter of the year 2016, Latvian credit unions earned EUR 203,000 in profit, growing twofold from the respective period last year, the Latvian financial regulator, the Finance and Capital Market Commission, reported LETA.
Housing affordability in the first quarter of the year 2016 in Riga has considerably improved and still was the highest one among Baltic capitals, according to the latest Swedbank Baltic Housing Affordability Index (HAI). In Tallinn and Vilnius HAI also increased, writes LETA.