Financial Services

International Internet Magazine. Baltic States news & analytics Sunday, 25.02.2018, 05:53

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ABLV Bank's fate will be decided by ECB

ABLV Bank's fate will be decided by ECB

24.02.2018

The fate of ABLV Bank will be decided by the decisions made by the European Central Bank, the chairman of the Financial and Capital Market Commission (FCMC) Peters Putnins said during a press conference today, cites LETA.

Keyword tags: Banks, EU – Baltic States, Financial Services, Latvia, Legislation



ECB: ABLV Bank will be liquidated in accordance with Latvian law

ECB: ABLV Bank will be liquidated in accordance with Latvian law

24.02.2018

On February 23, the European Central Bank (ECB) determined that ABLV Bank was failing or likely to fail in accordance with the Single Resolution Mechanism Regulation, reports LETA.

FCMC decision could mean the beginning of liquidation process of ABLV Bank

FCMC decision could mean the beginning of liquidation process of ABLV Bank

24.02.2018

ABLV Bank has received the decision from the Council of the Financial and Capital Market Commission (FCMC).


FCMC adopts decision on unavailability of deposits at ABLV Bank

FCMC adopts decision on unavailability of deposits at ABLV Bank

24.02.2018

The Board of the Financial and Capital Market Commission (hereinafter – the FCMC) during an extraordinary meeting overnight adopted a decision on the occurrence of unavailability of deposits at ABLV Bank the FCMC informed LETA.

S&P Global affirms Latvia's credit rating at A-

S&P Global affirms Latvia's credit rating at A-

23.02.2018

International ratings agency S&P Global has affirmed Latvia’s credit rating at A-, leaving also the outlook on the rating positive, LETA was told at the Treasury.


23.02.2018

Latvia's bank scandal highlights limits of Europe's banking supervision

A corruption scandal rocking Latvia underscores the limits of Europe's banking supervision and is likely to lead to reforms, experts said Thursday, informs AP/LETA.

23.02.2018

PM: finance sector troubles bad for Latvia's reputation but banking system is stable

The problems in the finance sector have a negative effect on Latvia's reputation but do not threaten the stability of the banking system, Prime Minister Maris Kucinskis (Greens/Farmers) said, addressing the Latvian parliament, reports LETA

23.02.2018

OECD: Latvian SMEs have good access to finance

In general, small and medium-sized enterprises (SMEs) in Latvia have good access to financing for growth, according to the latest annual report by the Organization for Economic Cooperation and Development (OECD), Financing SMEs and Entrepreneurs 2018: An OECD Scoreboard, reports LETA.

23.02.2018

Latvian police starts probing money laundering allegations at ABLV Bank

The Latvian State Police has started a probe about possible money laundering schemes at ABLV Bank as suggested by a recent report of the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury.

23.02.2018

Latvian PM discusses government’s achievements and plans for the future with the international business community

Yesterday, February 21, Prime Minister Māris Kučinskis addressed more than 200 foreign investors and representatives of international community in Latvia at Radisson Blu Latvia Conference & SPA. Prime Minister gave his view on the growth of Latvian economy, touched upon the recent reforms and expected impact as well as outlined the steps taken to attract more investment, reports BC press service of AmCham.

23.02.2018

Kucinskis: there is macroeconomic stability, no signs of economy overheating in Latvia

There is macroeconomic stability and no signs of economy overheating in Latvia, Prime Minister Maris Kucinskis (Greens/Farmers) said yesterday, while informing Saeima about the government's performance last year and plans for the future, reports LETA.

22.02.2018

In 2017, 62.9% Latvia’s population were employed

Results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) show that 894.8 thousand people or 62.9% of Latvia population aged 15–74 were employed in 2017.

22.02.2018

Ir: Rimsevics suspected of soliciting bribe from Trasta Komercbanka

Bank of Latvia governor Ilmars Rimsevics is suspected of soliciting a bribe from Trasta Komercbanka that is undergoing a liquidation process right now, Ir magazine reports, cites LETA.

22.02.2018

Tax revenue falls 1.6% short of target in January in Latvia

The State Revenue Service in Latvia collected EUR 745.88 million in taxes in January 2018, which was 98.4 of the target, writes LETA, according to information released by the Revenue Service.

22.02.2018

Latvia records lowest ever crime rate in 2017

Latvia recorded its lowest ever crime rate in 2017, Prosecutor General Eriks Kalnmeiers informed at the annual meeting of the Prosecutor General’s Office, cites LETA.

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