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Latvia Banking News. Service for global professionals. Constantly updated news and information about Latvia.
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Latest Latvia Banking News

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  • Three banks go after millions in repayments on back of orders 24 Nov 2009 07:14 GMT
    ... THREE banks yesterday went after millions of euro in loan ... existing loans. In a third case, a Latvian bank secured a summary judgment order for ... write off some of the value of mortgages advanced at the height of the boom ...

  • Deepening economic crisis in Eastern Europe 24 Nov 2009 09:04 GMT
    ... capital from the east back to western banks will continue. The ERBD expressed concern over ... gross domestic product. The corresponding percentage in Latvia is 90 percent; in Estonia, 80 percent; and ... dire in the Baltic states. In Latvia, bankers are speaking of a “dramatic development.” Despite ...

  • SEB: Nordic Outlook: Recovery while awaiting exit policy 24 Nov 2009 13:37 GMT
    ... while awaiting exit policy Governments and central banks seem to be drawing a sigh of ... rate policy will be influenced by future banking regulations and by additional fiscal stimulus, which ... and the three Baltic countries - Estonia, Latvia and Lithuania. It also has a local ...

  • DGAP-Ad-hoc: Changes to Group Executive Committee at Bank DnB N... 24 Nov 2009 10:50 GMT
    ... and CEO of DnB NORD Banka in Latvia. Dr. Jekaterina Titarenko has been appointed Group ... of the Council of the Latvian Commercial Banking Association. Dr. Jekaterina Titarenko has been working in ...

  • Profits plunge by 74pc at Maxol for year 24 Nov 2009 09:55 GMT
    ... be applied to domestic and foreign retail banks "would be a disaster" for the IFSC, which ... a loan advanced in 2007 by a Latvian bank. AS Rietumu Banka, the bank in ...

  • How much longer can gold rise? 24 Nov 2009 06:55 GMT
    ... bullion bulls, the implication is clear: central banks no longer trust the creditworthiness of other governments. ... that even the Icelandic króna and the Latvian lats have been rallying against it, which ...

  • EU recession over, but sharp contrasts in East 23 Nov 2009 12:52 GMT
    ... the stark lot of countries such as Latvia or Hungary, where the economies have been in ... debt will probably be snapped up by banks, which in turn means there won't be ... Foreign-currency borrowing by businesses and households, including mortgages, is about 48% of GDP in Hungary ...

  • Rebalancing in the Baltics: A Preliminary Assessment 23 Nov 2009 16:17 GMT
    ... 15.4% and 10.5% in Lithuania, Estonia, and Latvia respectively. The average quarterly current account deficit of ... those Euro denominated loans supplied by Scandinavian banks, have been instrumental in driving the external deficits ...

  • Juncker vows to stay on as eurogroup head 23 Nov 2009 21:33 GMT
    ... as well as possible emergency help to Latvia, which is battling with currency speculators and ... with their plans to deal with the banks' impaired assets, arguing that no sustainable recovery ... be possible until "we have solved this banking crisis." The monthly informal eurogroup talks are ...

  • SEB may rebound first in Latvia after 2007 lending cap 19 Nov 2009 13:51 GMT
    ... & analytics SEB may rebound first in Latvia after 2007 lending cap SEB AB, the ... leading to soaring loan losses for Nordic banks including . The country turned to the ... that year grew 18%, compared with the banking market's increase of about 40%, The company ...

  • The market of mass-produced apartments in Latvia grew by 5% in October 19 Nov 2009 09:49 GMT
    ... analytics The market of mass-produced apartments in Latvia grew by 5% in October Dr. Valery Engel, ... cost, and secondly, the unwillingness of creditor banks to permit developers to sell at dumping prices ... first time since the crisis in the mortgage market in July 2007 the market not ...

  • State aid: Commission approves '103 million capital injections for 'Mortgage and Land Bank of Latvia' 19 Nov 2009 11:13 GMT
    ... €103 million capital injections for 'Mortgage and Land Bank of Latvia' The European Commission has approved, under EC ... October 2008 Communication on state support for banks in the current financial crisis (see ), because ...

  • Commission approves government's financial injection to the Latvian Hipoteku banka 20 Nov 2009 11:31 GMT
    ... Commission approves government’s financial injection to the Latvian Hipoteku banka Eugene Eteris, BC Scandinavian Office, ... mln for Latvian bank, LHZB – Latvian Mortgage and Land Bank. Latvian government’s support measures ... October 2008 Communication on state support for banks in the current financial crisis, because they will ...

  • Swedbank Establishes Institutes of Private Finances in Estonia, Latvia and Lithuania 18 Nov 2009 08:55 GMT
    ... Establishes Institutes of Private Finances in Estonia, Latvia and Lithuania The Institute of Private Finances at ... institute also cooperates with the Independent Savings Banks in Sweden. The Institute of Private Finances covers ...

  • EU Approves '103 Million Capital Injections For 'Mortgage And Land Bank Of Latvia' 19 Nov 2009 13:55 GMT
    ... ...


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