International Internet Magazine. Baltic States news & analytics
Tuesday, 28.03.2017, 03:35
The Nordic Investment Bank (NIB) in the Baltic states has issued EUR 1.1 bln worth of loans to projects in the Baltic states since 2005, according to the bank’s statements.
Keyword tags: EU – Baltic States, Financial Services, Good for Business, Loan
The net loan portfolio for the Citadele Group grew by 6% to EUR 1.24 billion in 2016. This growth reflects Citadele’s strategy of being an active player in small and medium business loans in the Baltic states, as well as in consumer loans in Latvia and Lithuania, Citadeles banka`s representative told BC.
srael-capital company blender intends to join the Lithuanian peer-to-peer lending market after operating as provider of consumer credits in the country for six months, according to Verslo Zinios business daily writes LETA/BNS.
The manufacturer of graphene-based ultracapacitors Skeleton Technologies is about to borrow money from the European Investment Bank, with the loan agreement to be signed next week, reports LETA/BNS.
Russia's Alfa-Bank is seeking to recover 14.431 million euros from Vidmantas Kucinskas, one of Lithuania's richest business people and the owner of the fertilizer, fodder, sugar and turkey meat group Arvi, reports LETA/BNS.
SEB Banka, which in 2016 granted new loans worth EUR 751 mln in total, up 51% against 2015, would be ready to extend up to EUR 1 bln in loans this year.
Lithuania's electricity and natural gas distribution company Energijos Skirstymo Operatorius (Energy Distribution Operator, or ESO) operated by Lietuvos Energija (Lithuanian Energy) has borrowed 77 million euros from one of the country's largest commercial banks SEB. The money will go towards refinancing of loans and working capital, writes LETA/BNS.