Financial Services

International Internet Magazine. Baltic States news & analytics Wednesday, 18.07.2018, 00:14

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EY Poland office to head auditor firm's work on ABLV Bank's liquidation

EY Poland office to head auditor firm's work on ABLV Bank's liquidation

17.07.2018

EY’s (previously Ernst & Young) work on the liquidation of Latvia’s ABLV Bank will be led by the auditor firm’s office in Poland, informs LETA.

Keyword tags: Banks, Financial Services, Latvia



SEB Estonia posts EUR 26.4 mln net profit for Q2

SEB Estonia posts EUR 26.4 mln net profit for Q2

17.07.2018

Estonian units of the Scandinavian financial group SEB finished the second quarter of 2018 with a net profit of 26.4 mln euros, which is 23.4% more than in the same period the year before, informs LETA/BNS.

SEB Group reports EUR 27.2 mln in H1 profit in Latvia

SEB Group reports EUR 27.2 mln in H1 profit in Latvia

17.07.2018

During the first half of 2018, SEB Group generated EUR 27.2 mln in profit in Latvia, which is a 33% increase against the same period last year, informs LETA.


SEB to merge its Baltic life insurance businesses

SEB to merge its Baltic life insurance businesses

13.07.2018

SEB is to combine its Baltic life insurance businesses into one company in order to simplify the organization's operation model and improve the value proposition of life and pension insurance services and solutions.

Hermitage Capital files criminal complaint against Danske Bank

Hermitage Capital files criminal complaint against Danske Bank

13.07.2018

William Browder, chief executive of investment fund Hermitage Capital Management, on Wednesday filed a criminal complaint in Denmark against Danske Bank, the latter being suspected of Russian money laundering, according to Financial Times information reports LETA/BNS.


13.07.2018

Bank of Lithuania: Cybercrimes are the greatest risk to the domestic financial system

The probability of risks of cyberattacks and their potential impact on Lithuania’s financial system is the highest, according to the latest survey of financial institutions, conducted by the Bank of Lithuania.

13.07.2018

Citadele has paid 45% of guaranteed deposits to ABLV Bank's clients

To date, EUR 213.34 mln have been paid out in guaranteed deposits to ABLV Bank’s clients, which is 45% of the total amount payable to the bank’s clients, Citadele Bank’s spokeswoman Ieva Praulina told LETA.

13.07.2018

Bank of Latvia has bought EUR 7.146 bln worth of securities under ECB program

The Bank of Latvia has so far purchased EUR 7.146 billion worth of Latvian and supranational securities under the European Central Bank's (ECB) Public Sector Purchase Program (PSPP), according to the information published by the bank.

12.07.2018

ABLV Bank's banking license annulled

The banking license of the to-be-liquidated ABLV Bank has been annulled, said the Latvian financial regulator, the Finance and Capital Market Commission (FCMC) reported LETA.

12.07.2018

Kambi Group plc signs SJSC Latvijas Loto Sportsbook deal

Kambi Group has signed a long-term agreement with SJSC Latvijas Loto (Latvian Loto) to provide its premium Sportsbook and services to the country's national lottery operator, reports companies representative.

11.07.2018

Danske Bank's compliance head quits after 'intense' work over Estonia scandal

The head of compliance of Denmark's biggest lender Danske Bank has resigned, saying he was leaving following an "intense" period of work that was partly due to dealing with a money laundering scandal at the bank's Estonian branch, Reuters reported on Wednesday, cites LETA/BNS.

11.07.2018

Competitive bids auction of Latvian five-year government bonds raises EUR 16 mln

A competitive bids multi-price auction today sold EUR 16 mln worth of five-year Latvian government bonds from the additional issue, the Nasdaq Riga stock exchange said.

11.07.2018

Noncompetitive bids auction of Latvian government bonds raises EUR 5 mln

A noncompetitive bids fixed-price auction in Latvia on Wednesday sold five-year government bonds for EUR 5 mln, the Nasdaq Riga stock exchange reported.

10.07.2018

96% of Latvian lats banknotes, 39% of coins exchanged for euros by end July

After Latvia gave up its national currency, the lats, and switched to euros on January 1, 2014, 96% of lats banknotes and 39% of lats coins were exchanged for euros by the end of March, Bank of Latvia spokesman Janis Silakalns reported, informs LETA.

10.07.2018

Estonia`s Eften Real Estate Fund III posts EUR 4.1 mln revenue for 6 mos

The consolidated sales revenue of Eften Real Estate Fund III AS in the first six months of 2018 totaled 4.1 mln euros, marking an increase of 16% over the same period in 2017, while its net profit dropped 22 % to 3.2 mln euros, Eften Real Estate Fund III told the stock exchange.

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