Barcelona city tours is a perfect opportunity to have a perfect vacation outside the Baltic States. 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

Estonian banks lead in profitability

Jan 17, 2014
From wire reports, TALLINN

Estonian banks are the most profitable in the European Union, considering their asset volume, which bank managers say is the result of skilful management and not greed, reports Aripaev Online.

Aripaev studied the European Central Bank statistics that compares the average business results of European Union states. Based on the freshest report, data from 2012, Estonian banks are in first position among the 28 states of the EU in return on equity capital (ROE), which was over 14 percent.

Estonian banks also score better than other EU states in cost-revenue ratio - for example, while Estonian banks spent nearly 44 cents to earn revenue of 1 euro, Swedish banks spent nearly 56 cents and the majority of EU states are behind Sweden.

Swedbank manager Priit Perens estimates that the competition in Estonian banking is tough and pricing is justified. SEB bank manager Riho Unt said that their aim is to pursue long-term business in Estonia, not wear out the market.

Anderas Laane, who will start managing the third biggest bank, Nordea's Estonian branch office in February, says that speaking of greed in this context is more like fishing for a conflict than anything else.

 MORE NEWS
  • Obama Estonia visit to cost ov...
    U.S President Barack Obama's visit to Estonia next month will cost around 500,...
  • French movie legend has his sa...
    French movie legend Gerard Depardieu has had his say on the Russia, Ukra...
  • EU should hit Russia with more...
    The European Union should impose more sanctions on Russia amid reports there are R...
  • Lithuania says reports of Russ...
    Lithuania has called reports of Russian troops deployed in eastern Ukraine, an ...
  • Russia says it will respond to...
    Moscow will take steps to respond if NATO begins regular troop rotations in the...
  • Police launch investigation af...
    Estonian police have launched a criminal investigation after  Estonia'...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.