RIGA - Latvia’s state-owned Hipoteku un Zemes Banka (Mortgage and Land Bank) agreed to sell some of its assets, subsidiaries and liabilities to units of Swedbank and SEB as part of a restructuring, said the Finance Ministry, reports Bloomberg. Swedbank’s Latvian unit agreed to buy bundles of commercial loans to individuals and companies, deposits and a leasing company, the ministry said in a statement on June 22. SEB’s Wealth Management subsidiary in Latvia agreed to acquire the lender’s pension-management business, according to the statement. Price details weren&...
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