Estonian branch of Swedbank recorded EEK 1.1bn (EUR 73mn) of net loss in 2009, down from net profit of EEK 2.7bn in 2008. The banks revenues declined by 24% y/y and amounted to EEK 4.9bn in 2009, while operating expenses declined by 21% y/y and amounted to EEK 1.8bn. The bank recorded loan losses in amount of EEK 3.8bn. The banks earnings before taxes and provisions amounted to EEK 667mn in Q4, which resulted in net profit in Q4 of EEK 129mn. Revenues in Q4 amounted to EEK 1.1bn, up by 6% y/y, while operating expenditure declined by 2% y/y in Q4 to EEK 447mn.
|
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