The Bank of Lithuania (LB) in 2022 unlawfully refused to grant a specialized bank operating license to the company “Baltic Financial Company”, the latter’s demand for this from LB…
The fund of the Polish private equity company “Enterprise Investors” will be able to acquire control of the Lithuanian consulting company “Saulėgrąžos investicijos” and the credit union “Saulėgrąža”…
Cash withdrawal from the Russian banking system is only gaining momentum, writes the news portal “The Moscow Times”. According to data from the Central Bank of Russia, from July 1-30….
After the long-time head of administration Vytautas Sinius left the Lithuanian capital bank “Artea,” the bank’s chairman Tomas Varenbergas, who temporarily replaced him in office, says that…
Germany’s largest bank, Deutsche Bank, announced on Wednesday a record profit earned in the second quarter of this year, driven by excellent investment banking…
Banks operating in Lithuania, central credit unions, and central credit union groups will have to further strengthen their financial resilience and accumulate additional…
Due to high interest rates and housing prices, Russian mortgages have become the most unaffordable for Muscovites among all European cities. According to Numbeo’s calculations, in Moscow mo…
The Lithuanian branch of OP Corporate Bank, managed by Finland’s largest financial group “OP Pohjola” (formerly “OP Financial Group”), earned 7.6 million euros in profit in the first half of the year before…
Estonian capital bank “Bigbank” earned 17.5 million euros of net profit in the first half of the year – 6.4 percent less than in the same period last year, the bank announced on Thursday.
Hungary’s largest commercial bank, OTP Bank, has signed an agreement for the acquisition of Luminor – the third largest banking group in the Baltics. If the transaction is approved by supervisory…
