Estonian banks aggregated net profit amounted to EUR 536.1mn in Jan-Aug, Bank of Estonia indicates. In Jan-Aug 2010, total net profit amounted to EUR 22.4mn. In August alone net profit stood at EUR 27mn. Loans and leasing portfolio declined by EUR 26mn m/m in August and stood at EUR 14.6bn as of end of the month, which indicates 5.7% y/y decline. New loans and leasing issued to corporate clients amounted to EUR 576mn in Aug, which included EUR 293mn in overdraft. Total of EUR 44mn of housing loans have been issued, 25% y/y increase. In August share of the loans overdue for more than 60 days amounted to 6.3% of the total loans portfolio. |
Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more
Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more
Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more