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Swedbank chief defends lending policy, braces for losses in Baltics
RIGA - The president of the largest banking group in the Baltics acknowledged that Latvia’s economy was headed toward a rough period but that Hansabank’s lending policies during the past boom years, often criticized as too liberal, were adequate. Jan Liden, president of Swedbank, which owns the Hansabank Group, said in a June 5 interview to Latvian public radio that hard times lie ahead for Latvia. “I believe that more serious economic difficulties await Latvia, its residents and companies ...| The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please log on using the form on the top of the page. If you don't have a membership yet - please subscribe. |
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