LT: DnB NOR ready to buy out Baltics DnB Nord business.

By bne IntelliNews March 19, 2010
Norwegian banking group DnB NOR , that controls DnB Nord with German group Norddeutsche Landesbank Girozentrale, announced that it is ready to buy out the German banks share in the Baltic and Polish business. DnB NOR forecasts that losses in the loans business are going to decline in 2010, while the group has made total provisions for bad loans in amount of LTL 3.3bn (EUR 1.0bn) in 2009. Rune Bjerke, head of the DnB NOR said that the company believes in the long-term business in the Baltic States .

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