Financial Services

International Internet Magazine. Baltic States news & analytics Tuesday, 17.09.2019, 02:11

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BaltCap might be involved in stadium construction in Vilnius

BaltCap might be involved in stadium construction in Vilnius

16.09.2019

Axis Industries, the potential builder of Lithuania's national stadium in Vilnius, has proposed to the Vilnius authorities to get BaltCap, the largest private equity fund manager in the Baltic states, involved in the funding of the project, reported LETA/BNS.

Keyword tags: Construction, Financial Services, Funds, Lithuania, Real Estate



Baltic International Bank implements the Open Banking solution

Baltic International Bank implements the Open Banking solution

16.09.2019

In its business processes, Baltic International Bank ensures full compliance with the European Union’s (EU) Payment Services Directive 2 (PSD2) offering the open cooperation platform Open Banking. The service is secure because the Bank, upon receipt of the customer's request, verifies that third party providers (TPPs) are appropriately certified.

Latvia: Unemployment benefits to be reduced slightly as of next year

Latvia: Unemployment benefits to be reduced slightly as of next year

16.09.2019

Starting next year, unemployment benefits will be paid for eight months instead of nine months now, and the amount of the benefits will also be reduced, as a result, EUR 12 mln will be saved in the budget, Welfare Minister Ramona Petravica (KPV LV) said in an interview with Latvian Television this morning, writes LETA.


ABLV Bank wants to enforce EUR 650,000 from Russian pop singer Kirkorov

ABLV Bank wants to enforce EUR 650,000 from Russian pop singer Kirkorov

13.09.2019

To-be-liquidated ABLV Bank wants to enforce about EUR 650,000 debt from Russian pop singer Filipp Kirkorov, accroding to the Russian news agency RIA Novosti information reported LETA.

Lithuanian finmin: Facebook cryptocurrency needs global solution

Lithuanian finmin: Facebook cryptocurrency needs global solution

13.09.2019

Facebook's plans to issue its cryptocurrency, the Libra, as well as plans by other companies on the so-called stable coins cryptocurriencies, which would be pegged to stable assets, are now sparking major discussions and raising questions, Lithuanian Finance Minister Vilius Sapoka says LETA/BNS.


13.09.2019

Latvian government allocates EUR 192 mln for ministries and independent institutions' priorities in 2020

At an extraordinary meeting on Friday, the Cabinet of Ministers decided to allocate EUR 192.4 mln for ministries and independent institutions' priority measures next year, writes LETA/BNS.

13.09.2019

Lithuania's Orion Securities takes over Danske Bank's investment portfolio in Estonia

Lithuanian financial firm Orion Securities is taking over Danske Bank's investment portfolio in Estonia as of Friday, writes LETA/BNS.

12.09.2019

Court declares PNB Banka insolvent

The Riga Vidzeme District Court has declared PNB Banka insolvent, LETA found out from the Financial and Capital Market Commission (FKTK).

12.09.2019

Baltic International Bank sets the Sustainable Development Goals in line with the United Nations Environment Programme Finance Initiative

Developing the Bank's strategy and moving towards the overall goal of becoming a strong and sustainable investment Bank based on the internationally acclaimed ESG (Environmental. Social. Governance) approach, Baltic International Bank has set the Sustainable Development Goals under the United Nations Environment Programme Finance Initiative (UNEP FI) and is committed to achieving these goals in the Bank's operations and processes.

11.09.2019

Bank of Latvia governor's term of office to be reduced from six years to five

The term of office of the Bank of Latvia governor will be reduced from six years to five, according to amendments to the Law on the Bank of Latvia that Saeima Budget and Finance Committee supported today to be reviewed by Saeima in the third reading, reported LETA.

11.09.2019

Saeima committee tells Finance Ministry to assess merging FCMC with Bank of Latvia

Saeima Budget and Finance Committee on Wednesday instructed the Finance Ministry to consider merging the Financial and Capital Market Commission (FCMC) with the Bank of Latvia by mid-2020, reported LETA.

11.09.2019

Brokerage Business from a Latvian Viewpoint

During my work at Rietumu Bank, for a number of years I have been supervising the operation of our departments which ensure and support transactions of customers on international financial markets. Some changes have been observed in this operation recently. If earlier the bank serviced mostly big investors from countries located to the east of the EU, then, following last year’s events, which have changed the rules of the game for banks considerably, there are increasingly more residents of Latvia and neighbouring countries among our customers.

11.09.2019

Latvian banking assets down 1% in H1

The aggregate assets of Latvian banks dropped 1% in the first half of 2019 and stood at EUR 23.31 bn at the end of June, with five banks having increased their assets, according to the data released by the Finance Latvia Association writes LETA.

11.09.2019

Luminor to step up business lending after overhaul (media)

The Luminor bank has confirmed it has restructured its loan portfolio and says it plans to step up business lending, the Verslo Zinios business daily writes, with some businessmen having told the daily about their stalling cooperation with the bank, referred LETA/BNS.

10.09.2019

Global payment platform Stripe launches in Baltic countries

The global payment platform Stripe officially launched its services in Baltic countries, informed LETA/BNS.

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