Latvia

ABLV Bank recovers more assets

December 12, 2024

The ABLV Bank in Latvia, which is currently under the process of liquidation, recovered EUR 5.462 million of its assets in November, which was 20% less than the month before [..]

Lithuania

TF Bank opens branch in Lithuania

October 4, 2024

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 [..]

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 [..]

Lithuania

SEB Global Services expands to Kaunas

August 15, 2024

The Vilnius-based services center of Sweden’s financial group SEB has opened a technology unit in Kaunas. The Kaunas office currently employs 20 people, but more jobs are planned in response [..]

Lithuania

Revolut receives UK banking license

July 25, 2024

Revolut, a London-based global financial services company, said on Thursday it has secured a UK banking license. The company said it is now entering a new stage of “building out” [..]

Lithuania

Lithuanian c. bank restricts Foxpay’s activities, appoints temporary representative

July 12, 2024

The Bank of Lithuania said on Friday it has restricted the activities of Foxpay, a financial technology company under the scrutiny of law enforcement authorities, and appointed Grant Thornton Baltic [..]

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 [..]

Latvia

Baltic insurance market is much more dynamic compared to other European countries – Ergo

April 9, 2024

Compared to other European countries, the Baltic insurance market is much more dynamic, Ursula Clara Deschka, CEO of Ergo Baltics, told LETA. “The market here is much more dynamic than [..]

Estonia

Merger of Coop Pank, Coop Finants completed

April 2, 2024

Coop Finants, a 100-percent subsidiary of listed Estonian bank Coop Pank, merged with its parent on April 1, as a result of which Coop Finants has been dissolved with Coop [..]

World

SEB Europe Equity Fund selected to Sweden’s new pension platform

March 26, 2024

The Swedish Fund Selection Agency has selected SEB Europe Equity Fund to be among the funds offered on the new fund platform for the premium pension. The fund has been [..]

Estonia

Coop Pank offering home loans to teachers on favorable terms

January 15, 2024

From Monday, Coop Pank is offering home loans with a lower interest margin to teachers of secondary schools and kindergartens in Estonia. In addition, the bank will pay a loan [..]

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. [..]

Estonia

Luminor: Nearly 90 pct of people in Estonia use payment cards on daily basis

October 30, 2023

According to a survey commissioned by Luminor bank, 87 percent of people in Estonia use a payment card as the main means of payment for purchases, while women use the [..]