Latvia

Signet Bank Group closes 2024 with dynamic growth, increases operating income by 56%

March 12, 2025

In 2024, Signet Bank Group (further – the Group) continued its rapid development, expanding its activities in the corporate and capital market financing segments, as well as making strategic acquisitions. [..]

Lithuania

Citadele Bank ratings upgrade

December 13, 2024

Moody’s Ratings has announced that it is upgrading Citadele Bank’s ratings to a stable outlook, the Baltic-based bank said on Friday. Citadele’s long-term deposit ratings were raised to “Baa1” from [..]

Lithuania

Kesko Senukai Lithuania sets sights on PayRay Bank

October 2, 2024

ERA Family Finance is owned by the president of Keso Senukai Lithuania, Arturas Rakauskas. The DIY store chain is seeking to take over the PayRay Bank, which has faced sanctions [..]

Latvia

Banks could be taxed individually on their excess profits – Valainis

August 8, 2024

Banks could be taxed individually on their excess profits, Economics Minister Viktors Valainis (Greens/Farmers) said Thursday in an interview to Latvian Television. The minister noted that in the first five [..]

Estonia

Bill to do away with banks’ ability to close accounts without reason

June 21, 2024

The Estonian Ministry of Finance has sent to a coordination round law amendments seeking to better ensure the availability of basic payment services for people, such as opening a bank [..]

Lithuania

Lithuanian govt in favor of obliging banks to also provide fixed-rate loans

May 3, 2024

The Lithuanian government on Friday agreed to oblige financial institutions to provide consumers with a real opportunity to choose the type of credit interest rates and to get loans with [..]

Lithuania

New players expected to enter Lithuanian banking market this year – c. bank official

January 31, 2024

Simonas Krepsta, a member of the Lithuanian central bank’s board, expects new players to emerge in the country’s banking market this year. The Bank of Lithuania sees an active and [..]

Lithuania

Poland’s Pekao mulls setting up branch in Lithuania, c. banker confirms

January 10, 2024

Gediminas Simkus, the central bank’s governor, has confirmed a report by BNS that Pekao, one of Poland’s largest banks, is considering opening a branch in Lithuania. “In the second half [..]

Lithuania

Deutsche Bank considers opening service center in Lithuania, official confirms

January 8, 2024

Elijus Civilis, general manager of Invest Lithuania, the government’s foreign investment promotion agency, confirmed on Friday that Deutsche Bank, Germany’s largest lender, is considering opening a service center in Lithuania. [..]

Latvia

Saeima passes amendments introducing 20% advance tax for banks and nonbank lenders

December 8, 2023

The Saeima on Thursday passed in the final reading government-approved amendments to the Corporate Income Tax Law introducing a 20 percent advance income tax for banks and nonbank lenders, payable [..]

Lithuania

Swedbank pays EUR 52.5 mln in bank solidarity levy, SEB pays EUR 34 mln

December 4, 2023

Swedbank and SEB, two of Lithuania’s largest commercial banks, have paid 52.5 million and 34.1 million euros respectively the bank solidarity levy to the state budget, the two banks said [..]

Lithuania

Finance minister feels foreign banks’ interest in Lithuania

November 6, 2023

Lithuanian Finance Minister Gintare Skaiste says she feels the interest of foreign banks in the Lithuanian market, adding, however, the emergence of a new bank in the country may take [..]