Estonian branch of Swedbank recorded EEK 272mn (EUR 17.4mn) of net loss in Jan-Mar 2010, no comparison provided. The bank's revenues inched up by 1% q/q and amounted to EEK 1.05bn in Q1, while operating profit before provisions for bad loans amounted to EEK 666mn. Swedbank's loan portfolio and deposits declined both by 2% q/q, no absolute figures provided. Bank estimates its market share in total banking sector loan portfolio and deposits at 43% and 47%, respectively. To remind, Swedbank recorded EEK 1.1bn (EUR 73mn) of net loss in 2009, down from net profit of EEK 2.7bn in 2008.
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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