Loan

International Internet Magazine. Baltic States news & analytics Friday, 07.08.2020, 22:02

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High loan interest rates in Latvia are due to banks wanting to earn higher profits

High loan interest rates in Latvia are due to banks wanting to earn higher profits

06.08.2020

Latvia has the highest loan interest rates in the euro area, and that is because banks want to earn higher profits, Saeima Financial Sector Supervision Subcommittee Chairman Gatis Eglitis (New Conservative Party) said at the subcommittee's meeting today, informs LETA.

Keyword tags: Banks, Financial Services, Latvia, Loan, Real Estate



SEB Banka issues EUR 390 million in loans to companies in H1

SEB Banka issues EUR 390 million in loans to companies in H1

06.08.2020

SEB Banka issued loans in the amount of EUR 390 mln to companies in the first six months of this year, which is 93% more than in the same period last year, as the bank's representatives informed LETA.

Lithuanian banks' mortgage deferrals reach EUR 280 mln

Lithuanian banks' mortgage deferrals reach EUR 280 mln

04.08.2020

Lithuanian banks have deferred payments on mortgages worth over 280 million euros since the middle of March when the country's was put under quarantine, the Association of Lithuanian Banks told BNS, cites LETA.


Lithuanian banks' Q1 profits decreased by 28%

Lithuanian banks' Q1 profits decreased by 28%

24.07.2020

Banks in Lithuania saw their combined net profits drop by 25.8 percent in the first quarter of 2020 from a year ago to 65 million euros.

Lithuania borrows EUR 1.75 bn

Lithuania borrows EUR 1.75 bn

21.07.2020

Lithuania has on Tuesday borrowed 1.75 billion euros in the international capital markets by issuing a 30-year Eurobonds for 0.5 percent. The annual coupon is the lowest ever – it is more than three times smaller if compared to previous Eurobonds of the same maturity, the country's Finance Ministry said.


21.07.2020

Saeima supports in principle EUR 15.3 mln loan to Ventspils Freeport Administration

The parliament in Latvia today supported in principle amendments to the law on the Ventspils Freeport, allowing the port to borrow EUR 15.3 million from the state, informs LETA.

17.07.2020

VMG wood group takes EUR 86 mln syndicated loan

Vakaru Medienos Grupe (VMG) from Lithuania, one of the largest wood processing and furniture production groups in the Baltics, has borrowed 86 million euros from Swedbank, Citadele and the European Bank for Reconstruction and Development (EBRD) to finance its business expansion, reports LETA/BNS.

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