Lithuanian branch of Danske bank recorded net loss of LTL 14.4mn (EUR 4.16mn) in Lithuania in Q1/10 vs. net loss of LTL 31mn for the same period of last year. The bank has made provisions for bad loans in amount of LTL 29.5mn during the period, thus the loss. As of end-March the bank's credit portfolio declined by 18.3% y/y to LTL 3.96bn. Deposits portfolio jumped by 38% y/y to LTL 2.6bn, with total assets of LTL 5.4bn (down by 13.9% y/y).
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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