Latvia

Finance Latvia Association does not support the proposed windfall tax on banks

September 13, 2024

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 [..]

Lithuania

Bank of Taiwan seeks to establish representative office in Lithuania

July 22, 2024

The Bank of Taiwan, the largest Taiwanese bank, wants to set up a representative office in Lithuania as it sees an opportunity to expand its business in Central and Eastern [..]

Estonia

Restoration of services continuing at Hansab, banking services working in Estonia

March 6, 2024

As of Tuesday noon, automation services provider Hansab, which came under a cyber attack on March 1, is continuing with the restoration of the operation of some specific IT systems. [..]

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 [..]

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

Lithuania’s Commercial Banks solidarity levy in 2023 could be around 250 million euros – part of a money will be used for military mobility

November 24, 2023

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 [..]

Latvia

Latvian monetary financial institutions report EUR 528.4 million profit for January-September

October 26, 2023

Latvian monetary financial institutions (mainly banks) earned EUR 528.4 million in aggregate profit in the first nine months of 2023, which is a 2.5 times increase against the respective period [..]