Lithuania a drag on Swedbank forecast

May 05, 2010
From wire reports

VILNIUS - The Lithuanian banking market is the Baltic nations’ weakest and “still bleeds quite badly,” says Erkki Raasuke, Swedbank’s chief financial officer, reports ELTA. Raasuke in a press conference in Tallinn on April 29 said that Estonia’s market was recovering, while Latvia has bottomed out. Swedbank, the Baltic countries’ biggest lender, reported last week its first quarterly profit in more than a year and said earnings are likely to improve as Ba ...

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