Swedbank Estonia recorded net profit of EUR 50.2mn in Q4, up by 8.7% y/y, the bank announced. Profit before loan losses stood at EUR 44.1mn in Q4, down by 14% y/y. In 2011 total net profit of Swedbank Estonia stood at EUR 190.1mn, up from EUR 78mn net profit in 2010. The improvement was due to lower bad loans provisions. Revenues increased by 1% y/y in 2011. The banks is one of the two biggest banks operating in Estonia together with SEB. |
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