Banking on Baltic stability

  • 2009-10-15
  • By Philip Birzulis
With its name plastered on Riga's most prominent skyscraper, Swedbank physically dominates the biggest Baltic city. And as the largest bank in all three countries, it towers over the region financially, too.During the good years, lending by Swedbank was one of the major engines of growth. Since entering the Baltic market in the mid 1990's, its high profile corporate philanthropy and practicing of Nordic business practices have contributed hugely to the local economies. Now that the boom has turned to bust, some are laying at least some of the blame on the banks.Top Swedbank officials ...
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