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SEB happy with Unibanka's results

Aug 26, 1999
Diana Kudayarova

RIGA - Latvian Unibanka proved a profitable investment for Scandinavska Es-kilda Banken, and the latter is to increase its share in the Latvian bank to 50.4 percent.According to the results of an audit carried out by PricewaterhouseCoopers, Unibanka operating profits in the first half of the year amounted to 5.51 million lats ($9.34 million). The previously announced result of 6.13 million lats has been revised due to the increase of the bank's credit reserves by 243,000 lats and two adjustments ...

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