Consultation by Lietuvos bankas: what’s next for Lithuania’s payments market?
To provide more possibilities to choose and higher protection for consumers and to ensure the development of services, Lietuvos bankas presents a proposal for a payments market strategy up to [..]
Latvia’s Rietumu Banka has released figures to show that it earned a profit of EUR 12.923 million in 2024, which was 2.2% more than in 2003. The Rietumu Banka Group [..]
Banks boost Lithuania’s inflation forecast for 2025
Swedbank and the SEB Bank, which are two of Lithuania’s biggest commercial banks, have raised their inflation forecasts for this year to an expected annual rate of 3% and 3.3% [..]
Swedbank’s net profit in Estonia for the first nine months was €279 million, which is lower but within range of the same period in 2023. Swedbank’s net profit in Estonia [..]
TF Bank, which is a Swedish provider of consumer loans, has established a branch in Lithuania. Operations were launched on Tuesday. TF Bank is the 19th bank or foreign bank [..]
Dombrovskis: More competition urgently needed in banking sector
Greater competition in the banking sector is essential if companies are to have access to finance. This was declared by European Commission Executive Vice President Valdis Dombrovskis at the opening [..]
Finance Latvia Association does not support the proposed windfall tax on banks
Finance Latvia Association does not support the proposed windfall tax on banks, as the association’s representatives informed LETA. However, while respecting the right of the state to set taxes and [..]
Cbank: Estonian household deposits grow for 5th consecutive month
The deposits of households in Estonia grew for the fifth consecutive month, according to the latest overview by the Bank of Estonia. The balance sheets of the banks stood at [..]
Fixed interest rates would close Lithuania’s mortgage market to EU banks – industry rep
Obligating banks to offer mortgages with interest rates fixed for at least five years would make it difficult for new lenders from other EU countries to provide such loans in [..]
Lithuania’s Commercial Banks solidarity levy in 2023 could be around 250 million euros – part of a money will be used for military mobility
Lithuania’s commercial banks will soon transfer the second installment of the new solidarity levy for the third quarter of this year, with the central Bank of Lithuania estimating it to [..]
Banks in Lithuania saw their H1 profit plunge 2.5 times to EUR 515 mln – central bank
Banks operating in Lithuania earned 515 million euros in combined profit in the first half of this year, 2.5 times less than in the same period last year (203 million [..]
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