LT: Lithuanian banks deposits portfolio up to pre-Snoras levels.

By bne IntelliNews June 28, 2012
Lithuanian banks deposits portfolio increased by LTL 521mn (EUR 150.9mn) m/m in May and totalled to LTL 43.7bn as of end-May, which indicates portfolios return to the pre-Snoras nationalisation levels. Stasys Kropas, head of the Lithuanian Banks Association, indicated that the numbers show that Lithuanian residents and businesses did not lose trust in the banking system despite of the nationalisation and bankruptcy of bank Snoras. Deposits portfolio has declined dramatically in November of 2011, when bank Snoras declared bankruptcy, yet, the funds have been returned to the depositors and in May the deposits levels reached pre-Snoras levels.

Related Articles

EE: Estonian Air records EUR 49.2mn loss in 2012.

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

LT: Malsena acquires Latvian flour manufacturer Rigas Dzirnavieks.

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

EE: Estonian Air to return excess Embraer airplanes.

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

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss