International Internet Magazine. Baltic States news & analytics
Monday, 24.10.2016, 02:47
The total value of the loan portfolio of creditors in Estonia was 682 mln euros at the end of June and the volume of loans issued to finance consumption grew at a rapid rate during the first half-year, it appears from an overview of the financial services market published by the Financial Supervision Authority. Precise accounts of creditors are available to the Financial Supervision Authority starting from 2016,writes LETA/BNS.
Keyword tags: Banks, Estonia, Financial Services, Loan, Markets and Companies
AS LHV Pank, a subsidiary of AS LHV Group, said on Monday it will begin offering home loans to private clients, reports LETA/BNS.
The non-bank lender 4finance announced on Monday that its Swedish subsidiary, 4finance AB, had received approval from the Finansinspektionen, the Swedish financial supervisory authority, for its consumer credit company license, writes LETA.
The European Commission has approved 150 million euros in support for a 345-million-euro biomass and waste-fired cogeneration plant that the state energy group Lietuvos Energija (Lithuanian Energy) is building in Vilnius, reports LETA/BNS.
The city of Vilnius on Thursday signed a 25-mln-euro loan agreement with the European Investment Bank (EIB). This is the first 25-mln-euro tranche of a 50-mln-euro loan facility. The second tranche is expected to be signed next year, reports LETA/BNS.
- In the second quarter of 2016, soviet-era apartments were the most affordable type of apartment for Riga residents, while for Tallinn residents - apartments in new buildings, according to the latest SEB Housing Affordability Index (HAI).
The loan and lease portfolio continued to increase relatively quickly in July, growing by 5% over the year.The average interest rate on loans has risen slightly in recent months.The volume of deposits was 7.3% larger in July than a year earlier