Financial Services

International Internet Magazine. Baltic States news & analytics Sunday, 21.04.2019, 01:44

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Banking scandals may make borrowing more expensive

Banking scandals may make borrowing more expensive

18.04.2019

The financial position of the Estonian banking sector is good and the risks to it are small. The biggest risks for Estonian banking are related to the money laundering scandals that have hit the Nordic banking groups operating in Estonia. Reputational damage to the banks could worsen the funding conditions of the Nordic banking groups, which could also make loans more expensive and harder to access for people and companies in Estonia.

Keyword tags: Analytics, Banks, Economics, Estonia, Financial Services



Ukrainian court finds nationalization of PrivatBank illegal

Ukrainian court finds nationalization of PrivatBank illegal

18.04.2019

A Ukrainian court ruled on Thursday that the 2016 nationalization of PrivatBank, which was owned by a powerful tycoon Ihor Kolomoysky, was illegal, informed LETA/BNS.

CEO of Latvia's PrivatBank resigns

CEO of Latvia's PrivatBank resigns

18.04.2019

Aleksandrs Kukics has resigned as CEO of Latvia’s PrivatBank, according to information released by the bank, informed LETA.


Investor Browder files Swedbank money laundering complaint in Latvia

Investor Browder files Swedbank money laundering complaint in Latvia

18.04.2019

Bill Browder, an investor who campaigns to expose corruption, has taken a criminal complaint against Swedbank to Latvian authorities, alleging it was involved in a Russian money laundering scandal, reported LETA.

Latvian government has resolved to prepare new tax policy guidelines until May 2020

Latvian government has resolved to prepare new tax policy guidelines until May 2020

17.04.2019

The government has resolved to develop new tax policy guidelines until May 2020, according to the action plan prepared by Krisjanis Karins’ (New Unity) government, writes LETA.


17.04.2019

Loans worth EUR 1.28 bn financed through Latvian P2P lending platforms in 2018

Last year, EUR 1.28 bn worth of loans were financed through Latvian peer-to-peer (P2P) lending platforms, which is 2.6 times more than in 2017, LETA was told at the Alternative Financial Services Association of Latvia.

17.04.2019

Latvia's tax revenue 3.7% above target in Q1

During the first three months of this year, the State Revenue Service collected EUR 2.17 bn in taxes, beating the first-quarter tax revenue target by EUR 77.619 mln or 3.7 %, according to information released by the Revenue Service writes LETA.

17.04.2019

Mintos P2P lending platform launches funding project Mintos Impact Fund

Latvia’s Mintos peer-to-peer (P2P) lending platform has reached EUR 2 bn in total loans financed through the marketplace and started its first funding project Mintos Impact Fund, the company’s representatives informed BC.

16.04.2019

Kazakhstan continues working to attract foreign investments

In the modern world, business is associated with certain risks and difficulties. Typically, entrepreneurs look for reliable ways to develop and strengthen their businesses. Investment is a kind of long-term business plan bringing good income for many years under proper approach.

16.04.2019

Chairman of the Board on central bank digital currencies

Speech by Mr. Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, on the topic of central bank digital currencies, delivered at the Reinventing Bretton Woods Committee conference Managing the Soft Landing of the Global Economy, held in Washington DC.

16.04.2019

LHV's loan portfolio hits EUR 1 bln

The size of the loan portfolio of LHV reached one billion euros in the first quarter of 2019 while consolidated net profit for the three-month period totaled five million euros, the listed financial services group said in its first-quarter report, informed LETA/BNS.

15.04.2019

Share price of Grindex pharmaceutical company up 40.13% on Monday

Share price of Latvia’s Grindex pharmaceutical company on Monday skyrocketed 40.13 percent, according to the Riga bourse

15.04.2019

Latvian ice hockey team supported by Rietumu Bank will go to an exhibition tournament in France this April

In preparation for this year’s Ice Hockey World Championships, with the support of the Rietumu Bank Latvian squad’s travels to France for two exhibition matches against the French team, which will be played on April 19 and 20.

15.04.2019

Stock exchange applies observation status to Grindex

Nasdaq Riga on Monday applied observation status to Grindex pharmaceutical company shares, the stock exchange said in a statement.

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