Maximus
Gene Zolotarev on how to destabilize the EU financial system. Andris Berzins
Vladimir Linderman aka Abel Edmunds Sprudzs Valdis Zatlers Aivars Lembergs Girts Valdis Kristovskis Maris Grinblats Guntars Krasts Alfreds Rubiks Sandra Kalniete Raivis Dzintars Algirdas Butkevicius Algirdas Paleckis Dalia Grybauskaite Kazimira Danute Prunskene Vytautas Landsbergis Rolandas Aksas Viktor Uspaskich Valdemar Tomasevski Leonidas Donskis Arturas Zuokas Edgar Savisaar Andrus Ansip
The current website developed by YWSolution Limited

Company briefs - 2013-02-07

Feb 06, 2013

SEB Bank’s profit after tax and provisions amounted to 14.1 million lats (20.1 million euros) in 2012, reports Nozare.lv. The total amount of deposits at SEB was 1.26 billion lats as of Dec. 31, 2012, which is 21 percent more than at end-2011. The bank’s loan portfolio was 2.06 billion lats, the same as at the end of 2011. The amount of new loans issued by SEB in 2012 was 533 million lats - an 11 percent increase on 2011. Seventy-three percent of these loans were issued to companies. The bank’s capital and reserves was 305.8 million lats on Dec. 31 last year, whereas the bank’s assets stood at 2.77 billion lats. SEB group companies’ income in Latvia totaled 78.4 million lats last year, 0.5 percent less than in 2011. The group’s profit before provisions amounted to 40.5 million lats. The capital adequacy ratio of SEB group in Latvia was 18.95 percent on Dec. 31 last year, whereas the bank’s liquidity ratio was 50.77 percent. SEB President Ainars Ozols says that 2012 was the most successful year for the bank over the past five years in terms of business activity.

Data from Swedbank Estonia indicates that every 17th bank account of a private individual is arrested, reports Public Broadcasting. Swedbank’s private individuals–clients have nearly 1.2 million active accounts, with 70,000 arrested. Over half a million claims have been submitted against the arrested accounts, mainly by court executors and the Tax Board. The claims are mostly for parking or traffic fines, unpaid bills, tax debts and debts to telecommunications services. “A separate large group we can point to is claims against SMS loan debtors,” said Swedbank’s retail trade division head Ulla Ilisson. The bank recently developed a new solution that enables a part of those whose accounts have been arrested to get cash free of charge from ATMs, amounting to a subsistence minimum.

 MORE NEWS
  • New shale gas exploration in ...
    VILNIUS - A new tender for shale gas exploration and production in the Silute-Taur...
  • Certes Industry SIA wins Germa...
    RIGA - On March 27, 2014 the innovative Latvian company Certes Industry SIA was aw...
  • TeliaSonera continues cooperat...
    RIGA - TeliaSonera has announced that it is to continue its support to SSE Riga by...
  • CAF turns to European Commissi...
    RIGA - The Spanish train manufacturer “Construcciones y Auxiliar de Ferro...
  • Is jail time enough for Mukhta...
    Because of great events in the great politics, one small, highly ambitious man ...
  • The future lies in biofuel tkt...
    Fortum is currently building the world’s biggest biofuel-fired combined p...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.